FOX FACTORY HOLDING CORP (FOXF) Stock Fundamental Analysis
USA - NASDAQ:FOXF - US35138V1026 - Common Stock
27.25 USD
-1.56 (-5.41%)
27.25 USD
0 (0%)
We assign a fundamental rating of 4 out of 10 to FOXF. FOXF was compared to 80 industry peers in the Automobile Components industry. Both the profitability and the financial health of FOXF get a neutral evaluation. Nothing too spectacular is happening here. FOXF has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
FOXF had positive earnings in the past year.
FOXF had a positive operating cash flow in the past year.
In the past 5 years FOXF has always been profitable.
In the past 5 years FOXF always reported a positive cash flow from operatings.
1.2 Ratios
FOXF has a Return On Assets of -12.84%. This is amonst the worse of the industry: FOXF underperforms 85.00% of its industry peers.
With a Return On Equity value of -26.32%, FOXF is not doing good in the industry: 85.00% of the companies in the same industry are doing better.
Looking at the Return On Invested Capital, with a value of 3.06%, FOXF is doing worse than 76.25% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for FOXF is in line with the industry average of 8.51%.
The 3 year average ROIC (8.41%) for FOXF is well above the current ROIC(3.06%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -12.84% | ||
| ROE | -26.32% | ||
| ROIC | 3.06% |
ROA(3y)6.12%
ROA(5y)7.25%
ROE(3y)9.58%
ROE(5y)11.94%
ROIC(3y)8.41%
ROIC(5y)9.49%
1.3 Margins
FOXF's Profit Margin has declined in the last couple of years.
With a Operating Margin value of 4.18%, FOXF is not doing good in the industry: 72.50% of the companies in the same industry are doing better.
In the last couple of years the Operating Margin of FOXF has declined.
FOXF has a better Gross Margin (30.25%) than 88.75% of its industry peers.
FOXF's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 4.18% | ||
| PM (TTM) | N/A | ||
| GM | 30.25% |
OM growth 3Y-35.13%
OM growth 5Y-22.73%
PM growth 3Y-66.6%
PM growth 5Y-48.02%
GM growth 3Y-2.98%
GM growth 5Y-1.22%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), FOXF is destroying value.
Compared to 1 year ago, FOXF has less shares outstanding
Compared to 5 years ago, FOXF has more shares outstanding
FOXF has a better debt/assets ratio than last year.
2.2 Solvency
FOXF has an Altman-Z score of 2.30. 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 Altman-Z score value of 2.30, FOXF is not doing good in the industry: 62.50% of the companies in the same industry are doing better.
FOXF has a debt to FCF ratio of 7.68. This is a slightly negative value and a sign of low solvency as FOXF would need 7.68 years to pay back of all of its debts.
The Debt to FCF ratio of FOXF (7.68) is worse than 71.25% of its industry peers.
A Debt/Equity ratio of 0.70 indicates that FOXF is somewhat dependend on debt financing.
FOXF has a Debt to Equity ratio of 0.70. This is amonst the worse of the industry: FOXF underperforms 80.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.7 | ||
| Debt/FCF | 7.68 | ||
| Altman-Z | 2.3 |
ROIC/WACC0.3
WACC10.3%
2.3 Liquidity
FOXF has a Current Ratio of 3.03. This indicates that FOXF is financially healthy and has no problem in meeting its short term obligations.
FOXF has a Current ratio of 3.03. This is amongst the best in the industry. FOXF outperforms 90.00% of its industry peers.
FOXF has a Quick Ratio of 1.36. This is a normal value and indicates that FOXF is financially healthy and should not expect problems in meeting its short term obligations.
With a decent Quick ratio value of 1.36, FOXF is doing good in the industry, outperforming 78.75% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.03 | ||
| Quick Ratio | 1.36 |
3. Growth
3.1 Past
The earnings per share for FOXF have decreased strongly by -41.63% in the last year.
FOXF shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -13.27% yearly.
FOXF shows a small growth in Revenue. In the last year, the Revenue has grown by 7.16%.
FOXF shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 13.17% yearly.
EPS 1Y (TTM)-41.63%
EPS 3Y-33.39%
EPS 5Y-13.27%
EPS Q2Q%5.26%
Revenue 1Y (TTM)7.16%
Revenue growth 3Y2.38%
Revenue growth 5Y13.17%
Sales Q2Q%7.57%
3.2 Future
Based on estimates for the next years, FOXF will show a very strong growth in Earnings Per Share. The EPS will grow by 36.68% on average per year.
Based on estimates for the next years, FOXF will show a small growth in Revenue. The Revenue will grow by 7.37% on average per year.
EPS Next Y30.81%
EPS Next 2Y36.68%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year8.69%
Revenue Next 2Y7.37%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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
A Price/Earnings ratio of 21.12 indicates a rather expensive valuation of FOXF.
FOXF's Price/Earnings ratio is a bit more expensive when compared to the industry. FOXF is more expensive than 60.00% of the companies in the same industry.
When comparing the Price/Earnings ratio of FOXF to the average of the S&P500 Index (27.43), we can say FOXF is valued slightly cheaper.
The Price/Forward Earnings ratio is 10.97, which indicates a very decent 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.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.87, FOXF is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.12 | ||
| Fwd PE | 10.97 |
4.2 Price Multiples
67.50% of the companies in the same industry are cheaper than FOXF, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, FOXF is valued a bit cheaper than 66.25% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.52 | ||
| EV/EBITDA | 12.42 |
4.3 Compensation for Growth
The 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 FOXF's earnings are expected to grow with 36.68% in the coming years.
PEG (NY)0.69
PEG (5Y)N/A
EPS Next 2Y36.68%
EPS Next 3YN/A
5. Dividend
5.1 Amount
FOXF does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
27.25
-1.56 (-5.41%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)
Earnings (Next)
Inst Owners102.79%
Inst Owner Change-0.19%
Ins Owners0.56%
Ins Owner Change1.76%
Market Cap1.14B
Analysts78.46
Price Target33.66 (23.52%)
Short Float %3.85%
Short Ratio2.53
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-2.78%
Min EPS beat(2)-10.44%
Max EPS beat(2)4.88%
EPS beat(4)2
Avg EPS beat(4)-4.31%
Min EPS beat(4)-18.3%
Max EPS beat(4)6.64%
EPS beat(8)4
Avg EPS beat(8)-1.09%
EPS beat(12)7
Avg EPS beat(12)1.08%
EPS beat(16)10
Avg EPS beat(16)2.53%
Revenue beat(2)2
Avg Revenue beat(2)5.2%
Min Revenue beat(2)5.15%
Max Revenue beat(2)5.25%
Revenue beat(4)3
Avg Revenue beat(4)3.25%
Min Revenue beat(4)-4.03%
Max Revenue beat(4)6.64%
Revenue beat(8)3
Avg Revenue beat(8)-0.94%
Revenue beat(12)5
Avg Revenue beat(12)-0.37%
Revenue beat(16)8
Avg Revenue beat(16)0.92%
PT rev (1m)6.02%
PT rev (3m)4.76%
EPS NQ rev (1m)-6.62%
EPS NQ rev (3m)-14.17%
EPS NY rev (1m)-5.48%
EPS NY rev (3m)-6.13%
Revenue NQ rev (1m)3.43%
Revenue NQ rev (3m)0.8%
Revenue NY rev (1m)2.99%
Revenue NY rev (3m)3.42%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.12 | ||
| Fwd PE | 10.97 | ||
| P/S | 0.79 | ||
| P/FCF | 12.52 | ||
| P/OCF | 8.55 | ||
| P/B | 1.19 | ||
| P/tB | 7.44 | ||
| EV/EBITDA | 12.42 |
EPS(TTM)1.29
EY4.73%
EPS(NY)2.48
Fwd EY9.12%
FCF(TTM)2.18
FCFY7.99%
OCF(TTM)3.19
OCFY11.7%
SpS34.49
BVpS22.94
TBVpS3.66
PEG (NY)0.69
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -12.84% | ||
| ROE | -26.32% | ||
| ROCE | 3.51% | ||
| ROIC | 3.06% | ||
| ROICexc | 3.21% | ||
| ROICexgc | 6.31% | ||
| OM | 4.18% | ||
| PM (TTM) | N/A | ||
| GM | 30.25% | ||
| FCFM | 6.31% |
ROA(3y)6.12%
ROA(5y)7.25%
ROE(3y)9.58%
ROE(5y)11.94%
ROIC(3y)8.41%
ROIC(5y)9.49%
ROICexc(3y)9.17%
ROICexc(5y)10.88%
ROICexgc(3y)17.74%
ROICexgc(5y)21.71%
ROCE(3y)9.65%
ROCE(5y)10.89%
ROICexcg growth 3Y-40.45%
ROICexcg growth 5Y-28.43%
ROICexc growth 3Y-44.56%
ROICexc growth 5Y-33.77%
OM growth 3Y-35.13%
OM growth 5Y-22.73%
PM growth 3Y-66.6%
PM growth 5Y-48.02%
GM growth 3Y-2.98%
GM growth 5Y-1.22%
F-Score3
Asset Turnover0.73
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.7 | ||
| Debt/FCF | 7.68 | ||
| Debt/EBITDA | 4.6 | ||
| Cap/Depr | 48.91% | ||
| Cap/Sales | 2.93% | ||
| Interest Coverage | 1.13 | ||
| Cash Conversion | 90.84% | ||
| Profit Quality | N/A | ||
| Current Ratio | 3.03 | ||
| Quick Ratio | 1.36 | ||
| Altman-Z | 2.3 |
F-Score3
WACC10.3%
ROIC/WACC0.3
Cap/Depr(3y)73.82%
Cap/Depr(5y)102.05%
Cap/Sales(3y)3.03%
Cap/Sales(5y)3.93%
Profit Quality(3y)506.44%
Profit Quality(5y)310.88%
High Growth Momentum
Growth
EPS 1Y (TTM)-41.63%
EPS 3Y-33.39%
EPS 5Y-13.27%
EPS Q2Q%5.26%
EPS Next Y30.81%
EPS Next 2Y36.68%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)7.16%
Revenue growth 3Y2.38%
Revenue growth 5Y13.17%
Sales Q2Q%7.57%
Revenue Next Year8.69%
Revenue Next 2Y7.37%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-24.77%
EBIT growth 3Y-33.59%
EBIT growth 5Y-12.56%
EBIT Next Year105.65%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-59.05%
FCF growth 3Y102.97%
FCF growth 5Y32.74%
OCF growth 1Y-50.5%
OCF growth 3Y26.39%
OCF growth 5Y12%