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: $33.75 DETAILS
HIGH: $38.00
LOW: $30.00
MEDIAN: $33.50
CONSENSUS: $33.75
UPSIDE: 65.04%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Stable Earnings Power 40% confidence

Primary model: P/Adj-EPS × Normalized Multiple

Valuation Signal Overvalued Mild
Trading 2.0% above fair value
Current Price $20.45
Bear Case $16.04 21.6% downside ($16.04 - $20.45) / $20.45 = -21.6% $0.90 × 15x P/E
Fair Value $20.05 2.0% downside ($20.05 - $20.45) / $20.45 = -2.0% $0.90 × 19x P/E
Bull Case $24.06 17.7% upside ($24.06 - $20.45) / $20.45 = 17.7% $0.90 × 22x P/E

Adjust Assumptions

18.6x
0.9$

Key Value Driver

Normalized P/E multiple (19x base case)

Implied Market Multiple 22.8x

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 $33.75 from 12 analysts, using a 20% weight on analyst consensus. That produces an estimated intrinsic value of $20.05 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 $33.75 (from 12 analysts). Our estimate is 51% 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