FOX FACTORY HOLDING CORP (FOXF)
US35138V1026 - Common Stock
FOXF gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 82 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 does not seem to be growing, but still is valued expensively.
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.
FOXF had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a Return On Assets value of 0.47%, FOXF is not doing good in the industry: 75.31% of the companies in the same industry are doing better.
The Return On Equity of FOXF (0.90%) is worse than 74.07% of its industry peers.
FOXF has a Return On Invested Capital of 2.47%. 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 above the industry average of 9.39%.
The last Return On Invested Capital (2.47%) for FOXF is well below the 3 year average (12.05%), which needs to be investigated, but indicates that FOXF had better years and this may not be a problem.
| 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
FOXF has a Profit Margin of 0.78%. This is in the lower half of the industry: FOXF underperforms 74.07% of its industry peers.
In the last couple of years the Profit Margin of FOXF has declined.
FOXF's Operating Margin of 4.19% is on the low side compared to the rest of the industry. FOXF is outperformed by 75.31% of its industry peers.
FOXF's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 30.13%, FOXF belongs to the top of the industry, outperforming 88.89% 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 | 4.19% | ||
| 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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so FOXF is still creating some value.
FOXF has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, FOXF has more shares outstanding
The debt/assets ratio for FOXF is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 2.24 indicates that FOXF is not a great score, but indicates only limited risk for bankruptcy at the moment.
FOXF has a worse Altman-Z score (2.24) than 66.67% of its industry peers.
The Debt to FCF ratio of FOXF is 13.92, which is on the high side as it means it would take FOXF, 13.92 years of fcf income to pay off all of its debts.
With a Debt to FCF ratio value of 13.92, FOXF is not doing good in the industry: 76.54% of the companies in the same industry are doing better.
A Debt/Equity ratio of 0.62 indicates that FOXF is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.62, FOXF is not doing good in the industry: 80.25% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.62 | ||
| Debt/FCF | 13.92 | ||
| Altman-Z | 2.24 |
ROIC/WACC0.3
WACC8.22%
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.
FOXF's Current ratio of 3.21 is amongst the best of the industry. FOXF outperforms 87.65% of its industry peers.
A Quick Ratio of 1.62 indicates that FOXF should not have too much problems paying its short term obligations.
The Quick ratio of FOXF (1.62) is better than 86.42% of its industry peers.
| 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%.
The Earnings Per Share has been growing by 12.21% on average over the past years. This is quite good.
FOXF shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -10.82%.
Measured over the past years, FOXF shows a quite strong growth in Revenue. The Revenue has been growing by 18.78% on average per year.
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
Based on estimates for the next years, FOXF will show a very negative growth in Earnings Per Share. The EPS will decrease by -13.42% on average per year.
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
The Price/Earnings ratio is 21.48, which indicates a rather expensive current valuation of FOXF.
Based on the Price/Earnings ratio, FOXF is valued a bit more expensive than 60.49% of the companies in the same industry.
When comparing the Price/Earnings ratio of FOXF to the average of the S&P500 Index (28.96), we can say FOXF is valued slightly cheaper.
A Price/Forward Earnings ratio of 16.10 indicates a correct valuation of FOXF.
62.96% of the companies in the same industry are cheaper than FOXF, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.82, FOXF is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.48 | ||
| Fwd PE | 16.1 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, FOXF is valued a bit more expensive than 77.78% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, FOXF is valued a bit more expensive than 71.60% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 24.32 | ||
| EV/EBITDA | 14.94 |
4.3 Compensation for Growth
FOXF's earnings are expected to decrease with -13.42% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)1.76
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 (11/21/2024, 8:00:00 PM)
After market: 32.22 0 (0%)32.22
+0.37 (+1.16%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap1.34B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.48 | ||
| Fwd PE | 16.1 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)1.76
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.47% | ||
| ROE | 0.9% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 4.19% | ||
| PM (TTM) | 0.78% | ||
| GM | 30.13% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.6
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.62 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 3.21 | ||
| Quick Ratio | 1.62 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)-69.39%
EPS 3Y9.73%
EPS 5Y
EPS Q2Q%
EPS Next Y-66.3%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-10.82%
Revenue growth 3Y18.02%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y