FOX FACTORY HOLDING CORP (FOXF) Stock Fundamental Analysis
USA - NASDAQ:FOXF - US35138V1026 - Common Stock
22.6 USD
-0.28 (-1.22%)
22.6 USD
0 (0%)
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 is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
FOXF had positive earnings in the past year.
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
Looking at the Return On Assets, with a value of -12.84%, FOXF is doing worse than 85.19% of the companies in the same industry.
FOXF has a Return On Equity of -26.32%. This is amonst the worse of the industry: FOXF underperforms 83.95% of its industry peers.
Looking at the Return On Invested Capital, with a value of 3.06%, FOXF is doing worse than 75.31% of the companies in the same industry.
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 8.51%.
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
In the last couple of years the Profit Margin of FOXF has declined.
With a Operating Margin value of 4.18%, FOXF is not doing good in the industry: 71.60% of the companies in the same industry are doing better.
FOXF's Operating Margin has declined in the last couple of years.
FOXF has a better Gross Margin (30.25%) than 87.65% 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 | 4.18% | ||
| 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
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
The number of shares outstanding for FOXF has been increased compared to 5 years ago.
FOXF has a better debt/assets ratio than last year.
2.2 Solvency
FOXF has an Altman-Z score of 2.15. 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 2.15 is on the low side compared to the rest of the industry. FOXF is outperformed by 72.84% of its industry peers.
The Debt to FCF ratio of FOXF is 7.68, which is on the high side as it means it would take FOXF, 7.68 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 7.68, FOXF is doing worse than 70.37% of the companies in the same industry.
A Debt/Equity ratio of 0.70 indicates that FOXF is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.70, FOXF is not doing good in the industry: 79.01% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.7 | ||
| Debt/FCF | 7.68 | ||
| Altman-Z | 2.15 |
ROIC/WACC0.3
WACC10.11%
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.
The Current ratio of FOXF (3.03) is better 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.
FOXF has a Quick ratio of 1.36. This is in the better half of the industry: FOXF outperforms 79.01% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.03 | ||
| Quick Ratio | 1.36 |
3. Growth
3.1 Past
FOXF shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -41.63%.
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.
The Revenue has been growing slightly by 7.16% in the past year.
The Revenue has been growing by 13.17% on average over the past years. This is quite good.
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
FOXF is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 36.68% yearly.
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
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
With a Price/Earnings ratio of 17.52, FOXF is valued on the expensive side.
Compared to the rest of the industry, the Price/Earnings ratio of FOXF is on the same level as its industry peers.
The average S&P500 Price/Earnings ratio is at 27.29. FOXF is valued slightly cheaper when compared to this.
Based on the Price/Forward Earnings ratio of 9.10, the valuation of FOXF can be described as reasonable.
Based on the Price/Forward Earnings ratio, FOXF is valued a bit cheaper than 64.20% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.85, FOXF is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.52 | ||
| Fwd PE | 9.1 |
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 62.96% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, FOXF is valued a bit cheaper than 77.78% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.38 | ||
| EV/EBITDA | 10.73 |
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 36.68% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.57
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 |
22.6
-0.28 (-1.22%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)
Earnings (Next)
Inst Owners100.61%
Inst Owner Change-0.03%
Ins Owners0.56%
Ins Owner Change1.76%
Market Cap944.68M
Analysts78.46
Price Target33.66 (48.94%)
Short Float %3.82%
Short Ratio2.68
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)0%
PT rev (3m)6.02%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-5.72%
EPS NY rev (1m)0%
EPS NY rev (3m)-5.48%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)3.87%
Revenue NY rev (1m)0%
Revenue NY rev (3m)3.27%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.52 | ||
| Fwd PE | 9.1 | ||
| P/S | 0.66 | ||
| P/FCF | 10.38 | ||
| P/OCF | 7.09 | ||
| P/B | 0.99 | ||
| P/tB | 6.17 | ||
| EV/EBITDA | 10.73 |
EPS(TTM)1.29
EY5.71%
EPS(NY)2.48
Fwd EY10.99%
FCF(TTM)2.18
FCFY9.63%
OCF(TTM)3.19
OCFY14.11%
SpS34.49
BVpS22.94
TBVpS3.66
PEG (NY)0.57
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 | 2.15 |
F-Score3
WACC10.11%
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 Year103.77%
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%