Discounted Cash Flow

Aviat Networks, Inc.

AVNW · Based on 10 years of SEC filings

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $268.7m $-29.9m $-1.7m -11.1% $-5.71
2017 $241.9m (-10.0%) $-823.0k (97.2%) $5.4m (416.7%) -0.3% (96.9%) $-0.16 (97.2%)
2018 $242.5m (0.3%) $1.8m (324.2%) $1.6m (-69.4%) 0.8% (323.6%) $0.35 (318.8%)
2019 $243.9m (0.6%) $9.7m (427.8%) $-2.3m (-239.9%) 4.0% (424.9%) $1.81 (417.1%)
2020 $238.6m (-2.1%) $257.0k (-97.4%) $12.9m (659.7%) 0.1% (-97.3%) $0.05 (-97.2%)
2021 $274.9m (15.2%) $110.1m (42755.6%) $14.5m (12.2%) 40.1% (37101.7%) $9.98 (19860.0%)
2022 $303.0m (10.2%) $21.2m (-80.8%) $997.0k (-93.1%) 7.0% (-82.6%) $1.89 (-81.1%)
2023 $346.6m (14.4%) $11.5m (-45.5%) $-7.0m (-800.0%) 3.3% (-52.4%) $1.01 (-46.6%)
2024 $408.1m (17.7%) $10.8m (-6.7%) $27.9m (499.3%) 2.6% (-20.7%) $0.88 (-12.9%)
2025 $434.6m (6.5%) $1.3m (-87.5%) $-7.2m (-126.0%) 0.3% (-88.3%) $0.11 (-87.5%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model