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 an average financial health and profitability rating. FOXF has a correct valuation and a medium 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.
FOXF had positive earnings in each of the past 5 years.
Each year in the past 5 years FOXF had a positive operating cash flow.
1.2 Ratios
FOXF has a worse Return On Assets (-12.88%) than 86.42% of its industry peers.
With a Return On Equity value of -26.56%, FOXF is not doing good in the industry: 86.42% of the companies in the same industry are doing better.
FOXF has a Return On Invested Capital of 3.07%. This is amonst the worse of the industry: FOXF underperforms 81.48% of its industry peers.
The Average Return On Invested Capital over the past 3 years for FOXF is in line with the industry average of 9.05%.
The 3 year average ROIC (8.41%) for FOXF is well above the current ROIC(3.07%). The reason for the recent decline needs to be investigated.
| 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
In the last couple of years the Profit Margin of FOXF has declined.
Looking at the Operating Margin, with a value of 4.26%, FOXF is doing worse than 74.07% of the companies in the same industry.
FOXF's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 30.39%, FOXF belongs to the top of the industry, outperforming 87.65% of the companies in the same industry.
In the last couple of years the Gross Margin of FOXF has remained more or less at the same level.
| 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.
Compared to 1 year ago, FOXF has less shares outstanding
FOXF has more shares outstanding than it did 5 years ago.
FOXF has a better debt/assets ratio than last year.
2.2 Solvency
FOXF has an Altman-Z score of 2.21. 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 has a Altman-Z score of 2.21. This is in the lower half of the industry: FOXF underperforms 64.20% of its industry peers.
FOXF has a debt to FCF ratio of 8.67. This is a slightly negative value and a sign of low solvency as FOXF would need 8.67 years to pay back of all of its debts.
FOXF's Debt to FCF ratio of 8.67 is on the low side compared to the rest of the industry. FOXF is outperformed by 69.14% of its industry peers.
A Debt/Equity ratio of 0.73 indicates that FOXF is somewhat dependend on debt financing.
FOXF has a Debt to Equity ratio of 0.73. This is amonst the worse of the industry: FOXF underperforms 80.25% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.73 | ||
| Debt/FCF | 8.67 | ||
| Altman-Z | 2.21 |
ROIC/WACC0.3
WACC10.15%
2.3 Liquidity
A Current Ratio of 3.18 indicates that FOXF has no problem at all paying its short term obligations.
FOXF has a better Current ratio (3.18) than 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 77.78% 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.
Measured over the past years, FOXF shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -13.27% on average per year.
FOXF shows a small growth in Revenue. In the last year, the Revenue has grown by 1.27%.
The Revenue has been growing by 13.17% on average over the past years. This is quite good.
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 36.09% on average per year.
FOXF is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.55% yearly.
EPS Next Y39.36%
EPS Next 2Y36.09%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year5.1%
Revenue Next 2Y5.55%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better 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
A Price/Earnings ratio of 19.37 indicates a rather expensive valuation of FOXF.
Compared to the rest of the industry, the Price/Earnings ratio of FOXF is on the same level as its industry peers.
When comparing the Price/Earnings ratio of FOXF to the average of the S&P500 Index (26.17), we can say FOXF is valued slightly cheaper.
With a Price/Forward Earnings ratio of 9.99, the valuation of FOXF can be described as very reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of FOXF is on the same level as its industry peers.
FOXF is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.10, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.37 | ||
| Fwd PE | 9.99 |
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 | 12.54 | ||
| EV/EBITDA | 11.58 |
4.3 Compensation for Growth
FOXF's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
FOXF's earnings are expected to grow with 36.09% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.49
PEG (5Y)N/A
EPS Next 2Y36.09%
EPS Next 3YN/A
5. Dividend
5.1 Amount
FOXF does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
24.6
-0.39 (-1.56%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)
Earnings (Next)
Inst Owners103.74%
Inst Owner Change-2.08%
Ins Owners0.41%
Ins Owner Change7.58%
Market Cap1.03B
Analysts78.57
Price Target32.13 (30.61%)
Short Float %5.47%
Short Ratio3.34
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)-10.32%
PT rev (3m)-21%
EPS NQ rev (1m)-2.67%
EPS NQ rev (3m)-14.4%
EPS NY rev (1m)-4.11%
EPS NY rev (3m)-7.41%
Revenue NQ rev (1m)-0.22%
Revenue NQ rev (3m)-3.82%
Revenue NY rev (1m)0.76%
Revenue NY rev (3m)0.9%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.37 | ||
| Fwd PE | 9.99 | ||
| P/S | 0.72 | ||
| P/FCF | 12.54 | ||
| P/OCF | 8.33 | ||
| P/B | 1.09 | ||
| P/tB | 8.25 | ||
| EV/EBITDA | 11.58 |
EPS(TTM)1.27
EY5.16%
EPS(NY)2.46
Fwd EY10.01%
FCF(TTM)1.96
FCFY7.98%
OCF(TTM)2.95
OCFY12%
SpS33.94
BVpS22.53
TBVpS2.98
PEG (NY)0.49
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 | 2.21 |
F-Score3
WACC10.15%
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)-58.22%
EPS 3Y-33.39%
EPS 5Y-13.27%
EPS Q2Q%-20.69%
EPS Next Y39.36%
EPS Next 2Y36.09%
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 Year5.1%
Revenue Next 2Y5.55%
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%