WallStSmart

Airgain Inc (AIRG)vsLumentum Holdings Inc (LITE)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Lumentum Holdings Inc generates 4753% more annual revenue ($2.49B vs $51.28M). LITE leads profitability with a 17.7% profit margin vs -13.2%. LITE appears more attractively valued with a PEG of 0.63. LITE earns a higher WallStSmart Score of 74/100 (B).

AIRG

Avoid

31

out of 100

Grade: F

Growth: 2.0Profit: 2.0Value: 5.7Quality: 6.5
Piotroski: 4/9Altman Z: -0.88

LITE

Strong Buy

74

out of 100

Grade: B

Growth: 7.3Profit: 6.5Value: 5.0Quality: 4.0
Piotroski: 4/9Altman Z: 0.58
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

AIRGUndervalued (+8.2%)

Margin of Safety

+8.2%

Fair Value

$5.88

Current Price

$5.70

$0.18 discount

UndervaluedFair: $5.88Overvalued

Intrinsic value data unavailable for LITE.

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

AIRG2 strengths · Avg: 8.5/10
Debt/EquityHealth
0.169/10

Conservative balance sheet, low leverage

Price/BookValuation
2.6x8/10

Reasonable price relative to book value

LITE5 strengths · Avg: 9.0/10
Revenue GrowthGrowth
90.1%10/10

Revenue surging 90.1% year-over-year

EPS GrowthGrowth
71.1%10/10

Earnings expanding 71.1% YoY

Market CapQuality
$66.09B9/10

Large-cap with strong market position

PEG RatioValuation
0.638/10

Growing faster than its price suggests

Operating MarginProfitability
21.8%8/10

Strong operational efficiency at 21.8%

Areas to Watch

AIRG4 concerns · Avg: 2.3/10
Market CapQuality
$72.13M3/10

Smaller company, higher risk/reward

Return on EquityProfitability
-24.2%2/10

ROE of -24.2% — below average capital efficiency

Revenue GrowthGrowth
-4.2%2/10

Revenue declined 4.2%

EPS GrowthGrowth
-99.9%2/10

Earnings declined 99.9%

LITE4 concerns · Avg: 2.8/10
Price/BookValuation
19.9x4/10

Trading at 19.9x book value

Debt/EquityHealth
1.113/10

Elevated debt levels

P/E RatioValuation
137.0x2/10

Premium valuation, high expectations priced in

Altman Z-ScoreHealth
0.582/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : AIRG

The strongest argument for AIRG centers on Debt/Equity, Price/Book. PEG of 1.05 suggests the stock is reasonably priced for its growth.

Bull Case : LITE

The strongest argument for LITE centers on Revenue Growth, EPS Growth, Market Cap. Profitability is solid with margins at 17.7% and operating margin at 21.8%. Revenue growth of 90.1% demonstrates continued momentum.

Bear Case : AIRG

The primary concerns for AIRG are Market Cap, Return on Equity, Revenue Growth.

Bear Case : LITE

The primary concerns for LITE are Price/Book, Debt/Equity, P/E Ratio. A P/E of 137.0x leaves little room for execution misses.

Key Dynamics to Monitor

AIRG profiles as a turnaround stock while LITE is a growth play — different risk/reward profiles.

LITE carries more volatility with a beta of 1.51 — expect wider price swings.

LITE is growing revenue faster at 90.1% — sustainability is the question.

LITE generates stronger free cash flow (79M), providing more financial flexibility.

Bottom Line

LITE scores higher overall (74/100 vs 31/100), backed by strong 17.7% margins and 90.1% revenue growth. Both earn "Strong Buy" and "Avoid" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Airgain Inc

TECHNOLOGY · COMMUNICATION EQUIPMENT · USA

Airgain Inc. (Ticker: AIRG) is a premier innovator in advanced antenna technology and wireless connectivity solutions, serving critical sectors such as automotive, telecommunications, and consumer electronics. Capitalizing on the rapid growth of the Internet of Things (IoT) market, the company harnesses its robust portfolio of patented technologies to provide tailored, high-performance solutions that enhance user experiences and operational efficiencies. With a strong commitment to innovation and strategic alliances, Airgain is well-positioned to sustain its competitive advantage, making it an attractive investment option for institutional investors aiming to engage with the evolving wireless technology sector.

Lumentum Holdings Inc

TECHNOLOGY · COMMUNICATION EQUIPMENT · USA

Lumentum Holdings Inc. manufactures and sells optical and photonic products in the Americas, Asia-Pacific, Europe, the Middle East, and Africa. The company is headquartered in San Jose, California.

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