Airgain, Inc. (AIRG) vs Optical Cable Corporation (OCC)

Airgain, Inc. and Optical Cable Corporation are both Communication Equipment companies. Optical Cable Corporation is the larger, with a market value of $126.3M against $68.8M — 1.8× the size. Airgain, Inc. has negative trailing earnings, so its P/E is not meaningful; Optical Cable Corporation trades at 50.1×. Optical Cable Corporation grew revenue faster over the last twelve months: 13.9% against −9.62%. Optical Cable Corporation has the higher net margin (3.10% vs −13.7%) and the higher return on invested capital (12.7% vs −20.7%). Across the 18 metrics below, Optical Cable Corporation leads on 12 and Airgain, Inc. on 6.

Valuation

Metric AIRG OCC Communication Equipment median
P/E n/m 50.10 33.61
P/S 1.29 1.55 2.16
P/B 2.25 8.72 2.40
Price to free cash flow n/m 313.16 25.02
EV/EBITDA n/m 30.70 13.78
EV/Sales 1.15 1.58 2.27
Earnings yield (10.89%) 2.00% (0.65%)
Free cash flow yield (4.49%) 0.32% 1.61%

Profitability

Metric AIRG OCC Communication Equipment median
Gross margin 43.44% 34.28% 39.47%
Operating margin (13.99%) 4.20% 2.39%
Net margin (13.65%) 3.10% (0.74%)
Free cash flow margin (5.77%) 0.50% 1.39%
Return on equity (23.72%) 15.56% (1.91%)
Return on assets (15.18%) 6.03% (0.20%)
Return on invested capital (20.69%) 12.73% 0.72%

Growth

Metric AIRG OCC Communication Equipment median
Revenue growth (TTM) (9.62%) 13.86% 11.48%
EPS growth (last fiscal year) 31.65% 66.67% —
Revenue growth, 5-year CAGR 1.32% 5.73% 4.92%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric AIRG OCC Communication Equipment median
Debt to equity 0.00 0.18 0.06
Current ratio 2.01 2.17 2.01
Net debt to EBITDA 1.54 6.59 0.67

Dividend

Metric AIRG OCC Communication Equipment median
Dividend yield — — 2.63%
Payout ratio 0.00 0.00 0.00

Size

Metric AIRG OCC Communication Equipment median
Market cap 68.78m 126.26m 563.45m

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