Aviat Networks, Inc. logo AVNW - Aviat Networks, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 9
HOLD 3
SELL 0
STRONG
SELL
0
| PRICE TARGET: $32.33 DETAILS
HIGH: $36.00
LOW: $30.00
MEDIAN: $31.00
CONSENSUS: $32.33
UPSIDE: 57.09%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Platform & Compounding FCF 50% confidence

Primary model: Two-stage FCF DCF

Valuation Signal Overvalued Strong
Trading 76.9% above fair value
Current Price $20.58
Bear Case $8.85 57.0% downside ($8.85 - $20.58) / $20.58 = -57.0% 5% stage 1 growth, 11% discount
Fair Value $11.63 43.5% downside ($11.63 - $20.58) / $20.58 = -43.5% 8% stage 1 growth, 11% discount
Bull Case $14.21 31.0% downside ($14.21 - $20.58) / $20.58 = -31.0% 10% stage 1 growth, 11% discount

Adjust Assumptions

7.7%
11.0%
3.0%

Key Value Driver

FCF growth rate (8% base case)

Terminal Value % of EV 37%
Implied Market Multiple 30.1x
Market is pricing in (growth) 14.5% vs our 7.7% base

Plain-Language Summary

Using a two-stage FCF DCF with 8% growth decelerating over 15 years, discounted at 11%, the base-case intrinsic value is $11.63 per share.

Analyst Consensus (External Reference)

Never blended into the bear/base/bull estimates above -- shown only as an outside comparison.

Average Target (12 analysts) $32.33
Analyst Range $30.00 – $36.00
Divergence from AlphaVal 64%

Warnings

Stock-based employee pay equals 244% of profits. This dilutes existing shareholders, so cash flow alone overstates what owners really earn.
Wall Street's average price target is $32.33 (from 12 analysts). Our estimate is 64% below the consensus -- consider that gap carefully.

Key Risks

  • P/E alone misleads — earnings depressed by growth investment
  • Cyclical or commodity businesses may be misclassified as platforms
  • Terminal value dominance suggests sensitivity to long-run assumptions