FOX FACTORY HOLDING CORP (FOXF) Stock Fundamental Analysis
NASDAQ:FOXF - Nasdaq - US35138V1026 - Common Stock - Currency: USD
Overall FOXF gets a fundamental rating of 4 out of 10. We evaluated FOXF against 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 decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year FOXF was profitable.
FOXF had a positive operating cash flow in the past year.
In the past 5 years FOXF has always 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 -12.88% is on the low side compared to the rest of the industry. FOXF is outperformed by 86.25% of its industry peers.
FOXF has a Return On Equity of -26.56%. This is amonst the worse of the industry: FOXF underperforms 86.25% of its industry peers.
FOXF's Return On Invested Capital of 3.07% is on the low side compared to the rest of the industry. FOXF is outperformed by 81.25% of its industry peers.
FOXF had an Average Return On Invested Capital over the past 3 years of 8.41%. This is in line with the industry average of 8.78%.
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
In the last couple of years the Profit Margin of FOXF has declined.
FOXF's Operating Margin of 4.26% is on the low side compared to the rest of the industry. FOXF is outperformed by 75.00% of its industry peers.
FOXF's Operating Margin has declined in the last couple of years.
FOXF's Gross Margin of 30.39% is amongst the best of the industry. FOXF outperforms 87.50% of its industry peers.
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.
The number of shares outstanding for FOXF has been reduced compared to 1 year ago.
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 2.34. 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 (2.34) which is in line with 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.
Looking at the Debt to FCF ratio, with a value of 8.67, FOXF is doing worse than 70.00% of the companies in the same industry.
A Debt/Equity ratio of 0.73 indicates that FOXF is somewhat dependend on debt financing.
FOXF's Debt to Equity ratio of 0.73 is on the low side compared to the rest of the industry. FOXF is outperformed by 80.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.73 | ||
| Debt/FCF | 8.67 | ||
| Altman-Z | 2.34 |
ROIC/WACC0.29
WACC10.45%
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 88.75% of its industry peers.
A Quick Ratio of 1.36 indicates that FOXF should not have too much problems paying its short term obligations.
With a decent Quick ratio value of 1.36, FOXF is doing good in the industry, outperforming 76.25% 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
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 23.13 indicates a rather expensive valuation of FOXF.
Compared to the rest of the industry, the Price/Earnings ratio of FOXF indicates a slightly more expensive valuation: FOXF is more expensive than 62.50% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.93, FOXF is valued at the same level.
Based on the Price/Forward Earnings ratio of 12.02, the valuation of FOXF can be described as correct.
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 37.78, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.13 | ||
| Fwd PE | 12.02 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of FOXF indicates a slightly more expensive valuation: FOXF is more expensive than 71.25% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, FOXF is valued a bit cheaper than the industry average as 61.25% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.97 | ||
| EV/EBITDA | 13.06 |
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.
A more expensive valuation may be justified as FOXF's earnings are expected to grow with 35.56% in the coming years.
PEG (NY)0.6
PEG (5Y)N/A
EPS Next 2Y35.56%
EPS Next 3YN/A
5. Dividend
5.1 Amount
No dividends for FOXF!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
29.38
-0.8 (-2.65%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)
Earnings (Next)
Inst Owners102.43%
Inst Owner Change-0.29%
Ins Owners0.56%
Ins Owner Change7.58%
Market Cap1.23B
Analysts78.57
Price Target31.75 (8.07%)
Short Float %4.06%
Short Ratio2.76
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)0%
PT rev (3m)-1.19%
EPS NQ rev (1m)1.09%
EPS NQ rev (3m)-1.6%
EPS NY rev (1m)0%
EPS NY rev (3m)-4.77%
Revenue NQ rev (1m)0.13%
Revenue NQ rev (3m)-0.08%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.89%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.13 | ||
| Fwd PE | 12.02 | ||
| P/S | 0.87 | ||
| P/FCF | 14.97 | ||
| P/OCF | 9.95 | ||
| P/B | 1.3 | ||
| P/tB | 9.86 | ||
| EV/EBITDA | 13.06 |
EPS(TTM)1.27
EY4.32%
EPS(NY)2.44
Fwd EY8.32%
FCF(TTM)1.96
FCFY6.68%
OCF(TTM)2.95
OCFY10.05%
SpS33.94
BVpS22.53
TBVpS2.98
PEG (NY)0.6
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 | 2.34 |
F-Score3
WACC10.45%
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%