AirGain Inc. designs, develops, and engineers antenna products for original equipment and design manufacturers, chipset vendors, and service providers worldwide. The company was founded in 1995 and is based in San Diego, California.
AIRG Price Forecast Based on DCF Valuation
DCF Fair Value Target:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Airgain Inc. To summarize, we found that Airgain Inc ranked in the 7th percentile in terms of potential gain offered. Our DCF analysis suggests the stock is overvalued by about 95%. The most interesting components of our discounted cash flow analysis for Airgain Inc ended up being:
In the past 3.4 years, Airgain Inc has a compound free cash flow growth rate of -0.18%; that's higher than only 6.67% of free cash flow generating stocks in the Technology sector.
Airgain Inc's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at -426.25. This coverage rate is greater than that of merely 0.86% of stocks we're observing for the purpose of forecasting via discounted cash flows.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Technology that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as AIRG, try BKTI, AVYA, CALX, CAMP, and ZIXI.
Airgain (AIRG) is a premium antenna supplier on the verge of a breakthrough with its revenue growth and profitability. Trading at a value multiple of 1.6x revenue ($135 million market cap minus $35 million in net cash divided by $63 million in 2021E revenue), the company is poised to accelerate...