FOX FACTORY HOLDING CORP (FOXF) Stock Fundamental Analysis
NASDAQ:FOXF - Nasdaq - US35138V1026 - Common Stock - Currency: USD
Taking everything into account, FOXF scores 4 out of 10 in our fundamental rating. FOXF was compared to 81 industry peers in the Automobile Components industry. FOXF has only an average score on both its financial health and profitability. FOXF is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year FOXF was profitable.
In the past year FOXF had a positive cash flow from operations.
Each year in the past 5 years FOXF has been profitable.
In the past 5 years FOXF always reported a positive cash flow from operatings.
1.2 Ratios
With a Return On Assets value of -12.88%, FOXF is not doing good in the industry: 85.19% of the companies in the same industry are doing better.
FOXF has a Return On Equity of -26.56%. This is amonst the worse of the industry: FOXF underperforms 85.19% of its industry peers.
With a Return On Invested Capital value of 3.07%, FOXF is not doing good in the industry: 81.48% of the companies in the same industry are doing better.
The Average Return On Invested Capital over the past 3 years for FOXF is in line with the industry average of 9.05%.
The last Return On Invested Capital (3.07%) for FOXF is well below the 3 year average (8.41%), which needs to be investigated, but indicates that FOXF had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -12.88% | ||
| ROE | -26.56% | ||
| ROIC | 3.07% |
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 4.26%, FOXF is not doing good in the industry: 74.07% 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 (30.39%) than 87.65% of its industry peers.
FOXF's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 4.26% | ||
| PM (TTM) | N/A | ||
| GM | 30.39% |
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
FOXF has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
FOXF has less shares outstanding than it did 1 year ago.
The number of shares outstanding for FOXF has been increased compared to 5 years ago.
Compared to 1 year ago, FOXF has an improved debt to assets ratio.
2.2 Solvency
FOXF has an Altman-Z score of 2.28. 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.
FOXF's Altman-Z score of 2.28 is in line compared to the rest of the industry. FOXF outperforms 43.21% of its industry peers.
The Debt to FCF ratio of FOXF is 8.67, which is on the high side as it means it would take FOXF, 8.67 years of fcf income to pay off all of its debts.
FOXF has a worse Debt to FCF ratio (8.67) than 69.14% of its industry peers.
A Debt/Equity ratio of 0.73 indicates that FOXF is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.73, FOXF is doing worse than 77.78% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.73 | ||
| Debt/FCF | 8.67 | ||
| Altman-Z | 2.28 |
ROIC/WACC0.29
WACC10.57%
2.3 Liquidity
A Current Ratio of 3.18 indicates that FOXF has no problem at all paying its short term obligations.
FOXF's Current ratio of 3.18 is amongst the best of the industry. FOXF outperforms 88.89% of its industry peers.
A Quick Ratio of 1.36 indicates that FOXF should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.36, FOXF is in the better half of the industry, outperforming 76.54% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.18 | ||
| Quick Ratio | 1.36 |
3. Growth
3.1 Past
The earnings per share for FOXF have decreased strongly by -58.22% in the last year.
The earnings per share for FOXF have been decreasing by -13.27% on average. This is quite bad
The Revenue has been growing slightly by 1.27% in the past year.
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)-58.22%
EPS 3Y-33.39%
EPS 5Y-13.27%
EPS Q2Q%-20.69%
Revenue 1Y (TTM)1.27%
Revenue growth 3Y2.38%
Revenue growth 5Y13.17%
Sales Q2Q%6.46%
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 35.56% on average per year.
Based on estimates for the next years, FOXF will show a small growth in Revenue. The Revenue will grow by 5.79% on average per year.
EPS Next Y38.4%
EPS Next 2Y35.56%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year5.24%
Revenue Next 2Y5.79%
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.
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
With a Price/Earnings ratio of 22.06, FOXF is valued on the expensive side.
The rest of the industry has a similar Price/Earnings ratio as FOXF.
When comparing the Price/Earnings ratio of FOXF to the average of the S&P500 Index (27.45), we can say FOXF is valued inline with the index average.
FOXF is valuated reasonably with a Price/Forward Earnings ratio of 11.46.
FOXF's Price/Forward Earnings ratio is in line with the industry average.
FOXF is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 21.90, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.06 | ||
| Fwd PE | 11.46 |
4.2 Price Multiples
71.60% of the companies in the same industry are cheaper than FOXF, based on the Enterprise Value to EBITDA ratio.
The rest of the industry has a similar Price/Free Cash Flow ratio as FOXF.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.27 | ||
| EV/EBITDA | 12.44 |
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 35.56% in the coming years.
PEG (NY)0.57
PEG (5Y)N/A
EPS Next 2Y35.56%
EPS Next 3YN/A
5. Dividend
5.1 Amount
FOXF does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
28.01
-0.52 (-1.82%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)
Earnings (Next)
Inst Owners102.43%
Inst Owner Change-1.95%
Ins Owners0.56%
Ins Owner Change7.58%
Market Cap1.17B
Analysts78.57
Price Target31.75 (13.35%)
Short Float %4.13%
Short Ratio2.88
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)2
Avg EPS beat(2)5.76%
Min EPS beat(2)4.88%
Max EPS beat(2)6.64%
EPS beat(4)3
Avg EPS beat(4)0.23%
Min EPS beat(4)-18.3%
Max EPS beat(4)7.71%
EPS beat(8)5
Avg EPS beat(8)0.82%
EPS beat(12)8
Avg EPS beat(12)2.86%
EPS beat(16)11
Avg EPS beat(16)4.16%
Revenue beat(2)2
Avg Revenue beat(2)5.94%
Min Revenue beat(2)5.25%
Max Revenue beat(2)6.64%
Revenue beat(4)2
Avg Revenue beat(4)1.59%
Min Revenue beat(4)-4.03%
Max Revenue beat(4)6.64%
Revenue beat(8)2
Avg Revenue beat(8)-1.86%
Revenue beat(12)4
Avg Revenue beat(12)-0.8%
Revenue beat(16)8
Avg Revenue beat(16)1.23%
PT rev (1m)-1.19%
PT rev (3m)-16.44%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-2.67%
EPS NY rev (1m)-0.69%
EPS NY rev (3m)-8.04%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.22%
Revenue NY rev (1m)0.14%
Revenue NY rev (3m)1.1%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.06 | ||
| Fwd PE | 11.46 | ||
| P/S | 0.83 | ||
| P/FCF | 14.27 | ||
| P/OCF | 9.49 | ||
| P/B | 1.24 | ||
| P/tB | 9.4 | ||
| EV/EBITDA | 12.44 |
EPS(TTM)1.27
EY4.53%
EPS(NY)2.44
Fwd EY8.73%
FCF(TTM)1.96
FCFY7.01%
OCF(TTM)2.95
OCFY10.54%
SpS33.94
BVpS22.53
TBVpS2.98
PEG (NY)0.57
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -12.88% | ||
| ROE | -26.56% | ||
| ROCE | 3.52% | ||
| ROIC | 3.07% | ||
| ROICexc | 3.2% | ||
| ROICexgc | 6.34% | ||
| OM | 4.26% | ||
| PM (TTM) | N/A | ||
| GM | 30.39% | ||
| FCFM | 5.78% |
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 | 0.73 | ||
| Debt/FCF | 8.67 | ||
| Debt/EBITDA | 4.71 | ||
| Cap/Depr | 48.54% | ||
| Cap/Sales | 2.92% | ||
| Interest Coverage | 1.1 | ||
| Cash Conversion | 84.68% | ||
| Profit Quality | N/A | ||
| Current Ratio | 3.18 | ||
| Quick Ratio | 1.36 | ||
| Altman-Z | 2.28 |
F-Score3
WACC10.57%
ROIC/WACC0.29
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)-58.22%
EPS 3Y-33.39%
EPS 5Y-13.27%
EPS Q2Q%-20.69%
EPS Next Y38.4%
EPS Next 2Y35.56%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)1.27%
Revenue growth 3Y2.38%
Revenue growth 5Y13.17%
Sales Q2Q%6.46%
Revenue Next Year5.24%
Revenue Next 2Y5.79%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-47.22%
EBIT growth 3Y-33.59%
EBIT growth 5Y-12.56%
EBIT Next Year105.19%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-62.25%
FCF growth 3Y102.97%
FCF growth 5Y32.74%
OCF growth 1Y-53.24%
OCF growth 3Y26.39%
OCF growth 5Y12%