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: $31.33 DETAILS
HIGH: $38.00
LOW: $25.00
MEDIAN: $31.00
CONSENSUS: $31.33
UPSIDE: 56.34%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Stable Earnings Power 40% confidence

Primary model: P/Adj-EPS × Normalized Multiple

Valuation Signal Overvalued Mild
Trading 2.4% above fair value
Current Price $20.04
Bear Case $15.65 21.9% downside ($15.65 - $20.04) / $20.04 = -21.9% $0.90 × 15x P/E
Fair Value $19.56 2.4% downside ($19.56 - $20.04) / $20.04 = -2.4% $0.90 × 19x P/E
Bull Case $23.48 17.2% upside ($23.48 - $20.04) / $20.04 = 17.2% $0.90 × 22x P/E

Adjust Assumptions

18.6x
0.9$

Key Value Driver

Normalized P/E multiple (19x base case)

Implied Market Multiple 22.4x

Plain-Language Summary

Our base-case estimate uses a valuation based on adjusted earnings per share and a normalized price-to-earnings multiple. We then blend that result with the average analyst price target of $31.33 from 12 analysts, using a 20% weight on analyst consensus. That produces an estimated intrinsic value of $19.56 per share.

Warnings

The company's reported profits differ from official accounting profits by 796%. Check what costs are being left out of the adjusted number.
Wall Street's average price target is $31.33 (from 12 analysts). Our estimate is 47% below the consensus -- consider that gap carefully.

Key Risks

  • Growth DCF inappropriate — terminal value assumptions dominate
  • EV/EBITDA misleading for regulated businesses where capex is mandated
  • Regulatory risk is a fat tail not visible in normal multiples