FOX FACTORY HOLDING CORP (FOXF)
US35138V1026 - Common Stock
We assign a fundamental rating of 3 out of 10 to FOXF. FOXF was compared to 82 industry peers in the Automobile Components industry. FOXF has only an average score on both its financial health and profitability. FOXF has a expensive valuation and it also scores bad on growth.
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.
In the past 5 years FOXF has always been profitable.
Each year in the past 5 years FOXF had a positive operating cash flow.
1.2 Ratios
FOXF has a worse Return On Assets (0.47%) than 74.39% of its industry peers.
FOXF has a worse Return On Equity (0.90%) than 73.17% of its industry peers.
With a Return On Invested Capital value of 2.47%, FOXF is not doing good in the industry: 80.49% of the companies in the same industry are doing better.
Measured over the past 3 years, the Average Return On Invested Capital for FOXF is above the industry average of 9.42%.
The 3 year average ROIC (12.05%) for FOXF is well above the current ROIC(2.47%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.47% | ||
| ROE | 0.9% | ||
| ROIC | 2.47% |
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
Looking at the Profit Margin, with a value of 0.78%, FOXF is doing worse than 73.17% of the companies in the same industry.
FOXF's Profit Margin has declined in the last couple of years.
FOXF's Operating Margin of 4.19% is on the low side compared to the rest of the industry. FOXF is outperformed by 74.39% of its industry peers.
FOXF's Operating Margin has declined in the last couple of years.
FOXF has a better Gross Margin (30.13%) than 87.80% of its industry peers.
FOXF's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 4.19% | ||
| PM (TTM) | 0.78% | ||
| GM | 30.13% |
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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), FOXF is creating some value.
FOXF has less shares outstanding than it did 1 year ago.
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 2.20. 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.
Looking at the Altman-Z score, with a value of 2.20, FOXF is doing worse than 68.29% of the companies in the same industry.
FOXF has a debt to FCF ratio of 13.92. This is a negative value and a sign of low solvency as FOXF would need 13.92 years to pay back of all of its debts.
With a Debt to FCF ratio value of 13.92, FOXF is not doing good in the industry: 74.39% of the companies in the same industry are doing better.
FOXF has a Debt/Equity ratio of 0.62. This is a neutral value indicating FOXF is somewhat dependend on debt financing.
FOXF has a Debt to Equity ratio of 0.62. This is in the lower half of the industry: FOXF underperforms 79.27% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.62 | ||
| Debt/FCF | 13.92 | ||
| Altman-Z | 2.2 |
ROIC/WACC0.3
WACC8.33%
2.3 Liquidity
FOXF has a Current Ratio of 3.21. This indicates that FOXF is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of FOXF (3.21) is better than 90.24% of its industry peers.
FOXF has a Quick Ratio of 1.62. This is a normal value and indicates that FOXF is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.62, FOXF belongs to the top of the industry, outperforming 87.80% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.21 | ||
| Quick Ratio | 1.62 |
3. Growth
3.1 Past
FOXF shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -69.39%.
Measured over the past years, FOXF shows a quite strong growth in Earnings Per Share. The EPS has been growing by 12.21% on average per year.
The Revenue for FOXF has decreased by -10.82% in the past year. This is quite bad
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)-69.39%
EPS 3Y9.73%
EPS 5Y12.21%
EPS Q2Q%-66.98%
Revenue 1Y (TTM)-10.82%
Revenue growth 3Y18.02%
Revenue growth 5Y18.78%
Sales Q2Q%8.46%
3.2 Future
FOXF is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -13.42% yearly.
Based on estimates for the next years, FOXF will show a small growth in Revenue. The Revenue will grow by 1.74% on average per year.
EPS Next Y-66.3%
EPS Next 2Y-28.81%
EPS Next 3Y-13.42%
EPS Next 5YN/A
Revenue Next Year-6.38%
Revenue Next 2Y-1.25%
Revenue Next 3Y1.74%
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 decreasing.
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
Based on the Price/Earnings ratio of 20.23, the valuation of FOXF can be described as rather expensive.
The rest of the industry has a similar Price/Earnings ratio as FOXF.
Compared to an average S&P500 Price/Earnings ratio of 27.48, FOXF is valued a bit cheaper.
A Price/Forward Earnings ratio of 15.16 indicates a correct valuation of FOXF.
FOXF's Price/Forward Earnings is on the same level as the industry average.
FOXF's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 23.73.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.23 | ||
| Fwd PE | 15.16 |
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 75.61% of the companies listed in the same industry.
68.29% of the companies in the same industry are cheaper than FOXF, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.91 | ||
| EV/EBITDA | 14.42 |
4.3 Compensation for Growth
A cheap valuation may be justified as FOXF's earnings are expected to decrease with -13.42% in the coming years.
PEG (NY)N/A
PEG (5Y)1.66
EPS Next 2Y-28.81%
EPS Next 3Y-13.42%
5. Dividend
5.1 Amount
FOXF does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
FOX FACTORY HOLDING CORP
NASDAQ:FOXF (1/6/2025, 10:42:47 AM)
30.345
+0.17 (+0.58%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)
Earnings (Next)
Inst Owners113.59%
Inst Owner Change-0.01%
Ins Owners0.41%
Ins Owner Change0.1%
Market Cap1.26B
Analysts78.57
Price Target40.93 (34.88%)
Short Float %6.79%
Short Ratio3.46
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/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)-5.3%
Min EPS beat(2)-18.3%
Max EPS beat(2)7.71%
EPS beat(4)2
Avg EPS beat(4)-1.01%
Min EPS beat(4)-43.09%
Max EPS beat(4)49.64%
EPS beat(8)4
Avg EPS beat(8)1.13%
EPS beat(12)7
Avg EPS beat(12)2.98%
EPS beat(16)11
Avg EPS beat(16)5.78%
Revenue beat(2)0
Avg Revenue beat(2)-2.77%
Min Revenue beat(2)-4.03%
Max Revenue beat(2)-1.51%
Revenue beat(4)0
Avg Revenue beat(4)-1.52%
Min Revenue beat(4)-4.03%
Max Revenue beat(4)-0.2%
Revenue beat(8)1
Avg Revenue beat(8)-2.87%
Revenue beat(12)4
Avg Revenue beat(12)-0.79%
Revenue beat(16)8
Avg Revenue beat(16)0.87%
PT rev (1m)0%
PT rev (3m)-18.73%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-66.67%
EPS NY rev (1m)0%
EPS NY rev (3m)-17.08%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-25.42%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-4.85%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.23 | ||
| Fwd PE | 15.16 | ||
| P/S | 0.92 | ||
| P/FCF | 22.91 | ||
| P/OCF | 12.38 | ||
| P/B | 1.06 | ||
| P/tB | 11.99 | ||
| EV/EBITDA | 14.42 |
EPS(TTM)1.5
EY4.94%
EPS(NY)2
Fwd EY6.6%
FCF(TTM)1.32
FCFY4.37%
OCF(TTM)2.45
OCFY8.08%
SpS32.96
BVpS28.72
TBVpS2.53
PEG (NY)N/A
PEG (5Y)1.66
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.47% | ||
| ROE | 0.9% | ||
| ROCE | 2.83% | ||
| ROIC | 2.47% | ||
| ROICexc | 2.59% | ||
| ROICexgc | 5.89% | ||
| OM | 4.19% | ||
| PM (TTM) | 0.78% | ||
| GM | 30.13% | ||
| FCFM | 4.02% |
ROA(3y)9.63%
ROA(5y)10.24%
ROE(3y)15.51%
ROE(5y)16.23%
ROIC(3y)12.05%
ROIC(5y)12.83%
ROICexc(3y)13.51%
ROICexc(5y)14.55%
ROICexgc(3y)25.53%
ROICexgc(5y)27.17%
ROCE(3y)13.78%
ROCE(5y)14.66%
ROICexcg growth 3Y-13.64%
ROICexcg growth 5Y-17.49%
ROICexc growth 3Y-14.3%
ROICexc growth 5Y-20.73%
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%
F-Score3
Asset Turnover0.6
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.62 | ||
| Debt/FCF | 13.92 | ||
| Debt/EBITDA | 5.54 | ||
| Cap/Depr | 61.12% | ||
| Cap/Sales | 3.42% | ||
| Interest Coverage | 1.15 | ||
| Cash Conversion | 76.05% | ||
| Profit Quality | 514.01% | ||
| Current Ratio | 3.21 | ||
| Quick Ratio | 1.62 | ||
| Altman-Z | 2.2 |
F-Score3
WACC8.33%
ROIC/WACC0.3
Cap/Depr(3y)96.76%
Cap/Depr(5y)151.96%
Cap/Sales(3y)3.38%
Cap/Sales(5y)4.73%
Profit Quality(3y)61.8%
Profit Quality(5y)47.39%
High Growth Momentum
Growth
EPS 1Y (TTM)-69.39%
EPS 3Y9.73%
EPS 5Y12.21%
EPS Q2Q%-66.98%
EPS Next Y-66.3%
EPS Next 2Y-28.81%
EPS Next 3Y-13.42%
EPS Next 5YN/A
Revenue 1Y (TTM)-10.82%
Revenue growth 3Y18.02%
Revenue growth 5Y18.78%
Sales Q2Q%8.46%
Revenue Next Year-6.38%
Revenue Next 2Y-1.25%
Revenue Next 3Y1.74%
Revenue Next 5YN/A
EBIT growth 1Y-72.02%
EBIT growth 3Y11.95%
EBIT growth 5Y11.12%
EBIT Next Year-26.21%
EBIT Next 3Y1.06%
EBIT Next 5YN/A
FCF growth 1Y171.34%
FCF growth 3Y71.82%
FCF growth 5Y30.24%
OCF growth 1Y478.35%
OCF growth 3Y29.29%
OCF growth 5Y22.27%