FOX FACTORY HOLDING CORP (FOXF)
US35138V1026 - Common Stock
Overall FOXF gets a fundamental rating of 5 out of 10. We evaluated FOXF against 42 industry peers in the Automobile Components industry. While FOXF has a great profitability rating, there are some minor concerns on its financial health. FOXF is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
FOXF had positive earnings in the past year.
In the past year FOXF had a positive cash flow from operations.
Each year in the past 5 years FOXF has been profitable.
FOXF had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
FOXF's Return On Assets of 5.39% is fine compared to the rest of the industry. FOXF outperforms 76.19% of its industry peers.
The Return On Equity of FOXF (9.89%) is better than 66.67% of its industry peers.
FOXF has a Return On Invested Capital (6.89%) which is in line with its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for FOXF is above the industry average of 9.29%.
The 3 year average ROIC (12.05%) for FOXF is well above the current ROIC(6.89%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.39% | ||
| ROE | 9.89% | ||
| ROIC | 6.89% |
ROA(3y)9.63%
ROA(5y)10.24%
ROE(3y)15.51%
ROE(5y)16.23%
ROIC(3y)12.05%
ROIC(5y)12.83%
1.3 Margins
FOXF has a Profit Margin of 8.25%. This is amongst the best in the industry. FOXF outperforms 85.71% of its industry peers.
In the last couple of years the Profit Margin of FOXF has declined.
Looking at the Operating Margin, with a value of 10.94%, FOXF belongs to the top of the industry, outperforming 83.33% of the companies in the same industry.
FOXF's Operating Margin has declined in the last couple of years.
The Gross Margin of FOXF (31.74%) is better than 80.95% of its industry peers.
FOXF's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 10.94% | ||
| PM (TTM) | 8.25% | ||
| GM | 31.74% |
OM growth 3Y-5.15%
OM growth 5Y-6.45%
PM growth 3Y-6.77%
PM growth 5Y-9.46%
GM growth 3Y-0.79%
GM growth 5Y-0.88%
2. Health
2.1 Basic Checks
FOXF has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
Compared to 1 year ago, FOXF has less shares outstanding
FOXF has more shares outstanding than it did 5 years ago.
The debt/assets ratio for FOXF is higher compared to a year ago.
2.2 Solvency
FOXF has an Altman-Z score of 2.71. This is not the best score and indicates that FOXF is in the grey zone with still only limited risk for bankruptcy at the moment.
With a decent Altman-Z score value of 2.71, FOXF is doing good in the industry, outperforming 61.90% of the companies in the same industry.
The Debt to FCF ratio of FOXF is 5.64, which is a neutral value as it means it would take FOXF, 5.64 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 5.64, FOXF is doing good in the industry, outperforming 61.90% of the companies in the same industry.
A Debt/Equity ratio of 0.61 indicates that FOXF is somewhat dependend on debt financing.
FOXF has a Debt to Equity ratio (0.61) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.61 | ||
| Debt/FCF | 5.64 | ||
| Altman-Z | 2.71 |
ROIC/WACC0.62
WACC11.18%
2.3 Liquidity
FOXF has a Current Ratio of 3.70. This indicates that FOXF is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 3.70, FOXF belongs to the top of the industry, outperforming 83.33% of the companies in the same industry.
A Quick Ratio of 1.91 indicates that FOXF should not have too much problems paying its short term obligations.
The Quick ratio of FOXF (1.91) is better than 76.19% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.7 | ||
| Quick Ratio | 1.91 |
3. Growth
3.1 Past
The earnings per share for FOXF have decreased strongly by -28.05% in the last year.
FOXF shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 12.21% yearly.
Looking at the last year, FOXF shows a decrease in Revenue. The Revenue has decreased by -8.63% in the last year.
FOXF shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 18.78% yearly.
EPS 1Y (TTM)-28.05%
EPS 3Y9.73%
EPS 5Y12.21%
EPS growth Q2Q-66.43%
Revenue 1Y (TTM)-8.63%
Revenue growth 3Y18.02%
Revenue growth 5Y18.78%
Revenue growth Q2Q-18.63%
3.2 Future
The Earnings Per Share is expected to decrease by -0.02% on average over the next years.
The Revenue is expected to grow by 8.26% on average over the next years. This is quite good.
EPS Next Y-37.3%
EPS Next 2Y-0.02%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year7.26%
Revenue Next 2Y8.26%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
FOXF is valuated reasonably with a Price/Earnings ratio of 10.24.
Compared to the rest of the industry, the Price/Earnings ratio of FOXF indicates a rather cheap valuation: FOXF is cheaper than 90.48% of the companies listed in the same industry.
FOXF's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 24.84.
A Price/Forward Earnings ratio of 16.33 indicates a correct valuation of FOXF.
Compared to the rest of the industry, the Price/Forward Earnings ratio of FOXF is on the same level as its industry peers.
FOXF's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 21.35.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.24 | ||
| Fwd PE | 16.33 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as FOXF.
71.43% of the companies in the same industry are more expensive than FOXF, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.88 | ||
| EV/EBITDA | 10.57 |
4.3 Compensation for Growth
FOXF has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.84
EPS Next 2Y-0.02%
EPS Next 3YN/A
5. Dividend
5.1 Amount
No dividends for FOXF!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
FOX FACTORY HOLDING CORP
NASDAQ:FOXF (4/26/2024, 7:00:00 PM)
After market: 40.45 0 (0%)40.45
+1.08 (+2.74%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap1.70B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.24 | ||
| Fwd PE | 16.33 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)0.84
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.39% | ||
| ROE | 9.89% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 10.94% | ||
| PM (TTM) | 8.25% | ||
| GM | 31.74% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.65
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.61 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 3.7 | ||
| Quick Ratio | 1.91 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-28.05%
EPS 3Y9.73%
EPS 5Y
EPS growth Q2Q
EPS Next Y-37.3%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-8.63%
Revenue growth 3Y18.02%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y