FIGS INC-CLASS A (FIGS) Stock Fundamental Analysis
USA - NYSE:FIGS - US30260D1037 - Common Stock
7.11 USD
-0.23 (-3.13%)
7.1001 USD
-0.01 (-0.14%)
We assign a fundamental rating of 5 out of 10 to FIGS. FIGS was compared to 48 industry peers in the Textiles, Apparel & Luxury Goods industry. FIGS has a great financial health rating, but its profitability evaluates not so good. While showing a medium growth rate, FIGS is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
In the past year FIGS was profitable.
FIGS had a positive operating cash flow in the past year.
FIGS had positive earnings in 4 of the past 5 years.
Of the past 5 years FIGS 4 years had a positive operating cash flow.
1.2 Ratios
FIGS has a Return On Assets of 1.39%. This is in the lower half of the industry: FIGS underperforms 64.58% of its industry peers.
Looking at the Return On Equity, with a value of 1.81%, FIGS is doing worse than 64.58% of the companies in the same industry.
FIGS's Return On Invested Capital of 1.80% is on the low side compared to the rest of the industry. FIGS is outperformed by 79.17% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for FIGS is significantly below the industry average of 12.18%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.39% | ||
| ROE | 1.81% | ||
| ROIC | 1.8% |
ROA(3y)3.56%
ROA(5y)8.96%
ROE(3y)4.54%
ROE(5y)12.14%
ROIC(3y)5.36%
ROIC(5y)12.94%
1.3 Margins
FIGS has a Profit Margin of 1.26%. This is in the lower half of the industry: FIGS underperforms 62.50% of its industry peers.
In the last couple of years the Profit Margin of FIGS has grown nicely.
With a Operating Margin value of 1.75%, FIGS is not doing good in the industry: 81.25% of the companies in the same industry are doing better.
In the last couple of years the Operating Margin of FIGS has declined.
Looking at the Gross Margin, with a value of 67.23%, FIGS belongs to the top of the industry, outperforming 93.75% of the companies in the same industry.
FIGS's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 1.75% | ||
| PM (TTM) | 1.26% | ||
| GM | 67.23% |
OM growth 3Y-46.22%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5Y40.17%
GM growth 3Y-1.98%
GM growth 5Y-1.19%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so FIGS is destroying value.
Compared to 1 year ago, FIGS has less shares outstanding
Compared to 5 years ago, FIGS has more shares outstanding
FIGS has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
An Altman-Z score of 7.87 indicates that FIGS is not in any danger for bankruptcy at the moment.
FIGS has a better Altman-Z score (7.87) than 93.75% of its industry peers.
There is no outstanding debt for FIGS. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 7.87 |
ROIC/WACC0.17
WACC10.51%
2.3 Liquidity
FIGS has a Current Ratio of 5.02. This indicates that FIGS is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 5.02, FIGS belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
A Quick Ratio of 3.29 indicates that FIGS has no problem at all paying its short term obligations.
The Quick ratio of FIGS (3.29) is better than 100.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 5.02 | ||
| Quick Ratio | 3.29 |
3. Growth
3.1 Past
FIGS shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -60.00%.
Looking at the last year, FIGS shows a small growth in Revenue. The Revenue has grown by 3.40% in the last year.
The Revenue has been growing by 38.13% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-60%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%300%
Revenue 1Y (TTM)3.4%
Revenue growth 3Y9.81%
Revenue growth 5Y38.13%
Sales Q2Q%5.83%
3.2 Future
Based on estimates for the next years, FIGS will show a very strong growth in Earnings Per Share. The EPS will grow by 77.96% on average per year.
FIGS is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.69% yearly.
EPS Next Y241.7%
EPS Next 2Y106.98%
EPS Next 3Y95.38%
EPS Next 5Y77.96%
Revenue Next Year4.81%
Revenue Next 2Y4.25%
Revenue Next 3Y4.96%
Revenue Next 5Y5.69%
3.3 Evolution
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 177.75, the valuation of FIGS can be described as expensive.
Compared to the rest of the industry, the Price/Earnings ratio of FIGS indicates a slightly more expensive valuation: FIGS is more expensive than 72.92% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of FIGS to the average of the S&P500 Index (27.86), we can say FIGS is valued expensively.
FIGS is valuated quite expensively with a Price/Forward Earnings ratio of 82.98.
70.83% of the companies in the same industry are cheaper than FIGS, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.32, FIGS is valued quite expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 177.75 | ||
| Fwd PE | 82.98 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, FIGS is valued a bit more expensive than the industry average as 79.17% of the companies are valued more cheaply.
FIGS's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 29.11 | ||
| EV/EBITDA | 38.92 |
4.3 Compensation for Growth
FIGS's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as FIGS's earnings are expected to grow with 95.38% in the coming years.
PEG (NY)0.74
PEG (5Y)N/A
EPS Next 2Y106.98%
EPS Next 3Y95.38%
5. Dividend
5.1 Amount
No dividends for FIGS!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
7.11
-0.23 (-3.13%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryTextiles, Apparel & Luxury Goods
Earnings (Last)
Earnings (Next)
Inst Owners94.05%
Inst Owner Change-2.33%
Ins Owners5.06%
Ins Owner Change2.57%
Market Cap1.16B
Analysts52
Price Target6.55 (-7.88%)
Short Float %5.25%
Short Ratio3.76
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)103.2%
Min EPS beat(2)100%
Max EPS beat(2)106.4%
EPS beat(4)2
Avg EPS beat(4)40.22%
Min EPS beat(4)-22.99%
Max EPS beat(4)106.4%
EPS beat(8)6
Avg EPS beat(8)108.65%
EPS beat(12)9
Avg EPS beat(12)142.52%
EPS beat(16)12
Avg EPS beat(16)125.94%
Revenue beat(2)2
Avg Revenue beat(2)3.24%
Min Revenue beat(2)2.75%
Max Revenue beat(2)3.73%
Revenue beat(4)3
Avg Revenue beat(4)2.25%
Min Revenue beat(4)-3.97%
Max Revenue beat(4)6.5%
Revenue beat(8)4
Avg Revenue beat(8)1.13%
Revenue beat(12)8
Avg Revenue beat(12)1.81%
Revenue beat(16)10
Avg Revenue beat(16)0.99%
PT rev (1m)0%
PT rev (3m)39.16%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1900%
EPS NY rev (1m)11.67%
EPS NY rev (3m)67.5%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)6.17%
Revenue NY rev (1m)0%
Revenue NY rev (3m)3.89%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 177.75 | ||
| Fwd PE | 82.98 | ||
| P/S | 2.04 | ||
| P/FCF | 29.11 | ||
| P/OCF | 23.31 | ||
| P/B | 2.93 | ||
| P/tB | 2.93 | ||
| EV/EBITDA | 38.92 |
EPS(TTM)0.04
EY0.56%
EPS(NY)0.09
Fwd EY1.21%
FCF(TTM)0.24
FCFY3.44%
OCF(TTM)0.31
OCFY4.29%
SpS3.49
BVpS2.43
TBVpS2.43
PEG (NY)0.74
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.39% | ||
| ROE | 1.81% | ||
| ROCE | 2.27% | ||
| ROIC | 1.8% | ||
| ROICexc | 3.94% | ||
| ROICexgc | 3.94% | ||
| OM | 1.75% | ||
| PM (TTM) | 1.26% | ||
| GM | 67.23% | ||
| FCFM | 7% |
ROA(3y)3.56%
ROA(5y)8.96%
ROE(3y)4.54%
ROE(5y)12.14%
ROIC(3y)5.36%
ROIC(5y)12.94%
ROICexc(3y)11.7%
ROICexc(5y)31.36%
ROICexgc(3y)11.7%
ROICexgc(5y)31.36%
ROCE(3y)6.79%
ROCE(5y)16.38%
ROICexcg growth 3Y-60.06%
ROICexcg growth 5YN/A
ROICexc growth 3Y-60.06%
ROICexc growth 5YN/A
OM growth 3Y-46.22%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5Y40.17%
GM growth 3Y-1.98%
GM growth 5Y-1.19%
F-Score6
Asset Turnover1.1
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 111.8% | ||
| Cap/Sales | 1.74% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 264.13% | ||
| Profit Quality | 555.25% | ||
| Current Ratio | 5.02 | ||
| Quick Ratio | 3.29 | ||
| Altman-Z | 7.87 |
F-Score6
WACC10.51%
ROIC/WACC0.17
Cap/Depr(3y)362.87%
Cap/Depr(5y)303.47%
Cap/Sales(3y)2.37%
Cap/Sales(5y)1.72%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-60%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%300%
EPS Next Y241.7%
EPS Next 2Y106.98%
EPS Next 3Y95.38%
EPS Next 5Y77.96%
Revenue 1Y (TTM)3.4%
Revenue growth 3Y9.81%
Revenue growth 5Y38.13%
Sales Q2Q%5.83%
Revenue Next Year4.81%
Revenue Next 2Y4.25%
Revenue Next 3Y4.96%
Revenue Next 5Y5.69%
EBIT growth 1Y-61.96%
EBIT growth 3Y-40.95%
EBIT growth 5YN/A
EBIT Next Year1461.96%
EBIT Next 3Y173.51%
EBIT Next 5Y94.51%
FCF growth 1Y219.02%
FCF growth 3Y0.21%
FCF growth 5Y105.04%
OCF growth 1Y180.93%
OCF growth 3Y6.9%
OCF growth 5Y65.53%