FOX FACTORY HOLDING CORP (FOXF) Stock Fundamental Analysis
USA - NASDAQ:FOXF - US35138V1026 - Common Stock
14.12 USD
+0.01 (+0.07%)
14.12 USD
0 (0%)
Taking everything into account, FOXF scores 4 out of 10 in our fundamental rating. FOXF was compared to 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 may be a bit undervalued, certainly considering the very reasonable score on growth
1. Profitability
1.1 Basic Checks
FOXF had positive earnings in the past year.
FOXF had a positive operating cash flow in the past year.
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
With a Return On Assets value of -13.05%, FOXF is not doing good in the industry: 86.59% of the companies in the same industry are doing better.
With a Return On Equity value of -26.96%, FOXF is not doing good in the industry: 82.93% of the companies in the same industry are doing better.
FOXF has a Return On Invested Capital of 2.87%. This is in the lower half of the industry: FOXF underperforms 74.39% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for FOXF is in line with the industry average of 8.55%.
The 3 year average ROIC (8.41%) for FOXF is well above the current ROIC(2.87%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -13.05% | ||
| ROE | -26.96% | ||
| ROIC | 2.87% |
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 3.88%, FOXF is not doing good in the industry: 73.17% of the companies in the same industry are doing better.
In the last couple of years the Operating Margin of FOXF has declined.
FOXF has a Gross Margin of 30.37%. This is amongst the best in the industry. FOXF outperforms 86.59% of its industry peers.
FOXF's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 3.88% | ||
| PM (TTM) | N/A | ||
| GM | 30.37% |
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.
Compared to 5 years ago, FOXF has more shares outstanding
The debt/assets ratio for FOXF has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 1.93 indicates that FOXF is not a great score, but indicates only limited risk for bankruptcy at the moment.
FOXF's Altman-Z score of 1.93 is on the low side compared to the rest of the industry. FOXF is outperformed by 73.17% of its industry peers.
FOXF has a debt to FCF ratio of 8.06. This is a slightly negative value and a sign of low solvency as FOXF would need 8.06 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 8.06, FOXF is doing worse than 68.29% of the companies in the same industry.
A Debt/Equity ratio of 0.69 indicates that FOXF is somewhat dependend on debt financing.
FOXF's Debt to Equity ratio of 0.69 is on the low side compared to the rest of the industry. FOXF is outperformed by 80.49% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.69 | ||
| Debt/FCF | 8.06 | ||
| Altman-Z | 1.93 |
ROIC/WACC0.29
WACC9.93%
2.3 Liquidity
A Current Ratio of 2.98 indicates that FOXF has no problem at all paying its short term obligations.
With an excellent Current ratio value of 2.98, FOXF belongs to the best of the industry, outperforming 89.02% of the companies in the same industry.
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 belongs to the top of the industry, outperforming 80.49% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.98 | ||
| Quick Ratio | 1.36 |
3. Growth
3.1 Past
The earnings per share for FOXF have decreased strongly by -22.00% in the last year.
FOXF shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -13.27% yearly.
Looking at the last year, FOXF shows a small growth in Revenue. The Revenue has grown by 6.23% in the last year.
The Revenue has been growing by 13.17% on average over the past years. This is quite good.
EPS 1Y (TTM)-22%
EPS 3Y-33.39%
EPS 5Y-13.27%
EPS Q2Q%-34.29%
Revenue 1Y (TTM)6.23%
Revenue growth 3Y2.38%
Revenue growth 5Y13.17%
Sales Q2Q%4.8%
3.2 Future
FOXF is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 32.02% yearly.
FOXF is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.41% yearly.
EPS Next Y30.6%
EPS Next 2Y35.52%
EPS Next 3Y32.02%
EPS Next 5YN/A
Revenue Next Year8.69%
Revenue Next 2Y7.11%
Revenue Next 3Y7.41%
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 accelerating.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 12.07, the valuation of FOXF can be described as correct.
FOXF's Price/Earnings ratio is a bit cheaper when compared to the industry. FOXF is cheaper than 65.85% of the companies in the same industry.
When comparing the Price/Earnings ratio of FOXF to the average of the S&P500 Index (25.89), we can say FOXF is valued rather cheaply.
FOXF is valuated cheaply with a Price/Forward Earnings ratio of 5.78.
87.80% of the companies in the same industry are more expensive than FOXF, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 34.59. FOXF is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.07 | ||
| Fwd PE | 5.78 |
4.2 Price Multiples
FOXF's Enterprise Value to EBITDA ratio is in line with the industry average.
FOXF's Price/Free Cash Flow ratio is rather cheap when compared to the industry. FOXF is cheaper than 92.68% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.91 | ||
| EV/EBITDA | 8.2 |
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 32.02% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.39
PEG (5Y)N/A
EPS Next 2Y35.52%
EPS Next 3Y32.02%
5. Dividend
5.1 Amount
FOXF does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
14.12
+0.01 (+0.07%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)
Earnings (Next)
Inst Owners100.61%
Inst Owner Change-0.67%
Ins Owners0.56%
Ins Owner Change0%
Market Cap590.22M
Revenue(TTM)1.46B
Net Income(TTM)-257.73M
Analysts78.46
Price Target33.22 (135.27%)
Short Float %3.5%
Short Ratio3.28
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)0
Avg EPS beat(2)-34.56%
Min EPS beat(2)-58.69%
Max EPS beat(2)-10.44%
EPS beat(4)2
Avg EPS beat(4)-14.4%
Min EPS beat(4)-58.69%
Max EPS beat(4)6.64%
EPS beat(8)4
Avg EPS beat(8)-7.71%
EPS beat(12)6
Avg EPS beat(12)-4.05%
EPS beat(16)9
Avg EPS beat(16)-1.37%
Revenue beat(2)1
Avg Revenue beat(2)0.71%
Min Revenue beat(2)-3.74%
Max Revenue beat(2)5.15%
Revenue beat(4)3
Avg Revenue beat(4)3.32%
Min Revenue beat(4)-3.74%
Max Revenue beat(4)6.64%
Revenue beat(8)3
Avg Revenue beat(8)0.9%
Revenue beat(12)4
Avg Revenue beat(12)-0.8%
Revenue beat(16)7
Avg Revenue beat(16)0.24%
PT rev (1m)-1.3%
PT rev (3m)6.05%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-4.94%
EPS NY rev (1m)-0.17%
EPS NY rev (3m)-5.64%
Revenue NQ rev (1m)-1.61%
Revenue NQ rev (3m)0.37%
Revenue NY rev (1m)0%
Revenue NY rev (3m)2.99%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.07 | ||
| Fwd PE | 5.78 | ||
| P/S | 0.4 | ||
| P/FCF | 6.91 | ||
| P/OCF | 4.74 | ||
| P/B | 0.62 | ||
| P/tB | 3.71 | ||
| EV/EBITDA | 8.2 |
EPS(TTM)1.17
EY8.29%
EPS(NY)2.44
Fwd EY17.3%
FCF(TTM)2.04
FCFY14.46%
OCF(TTM)2.98
OCFY21.09%
SpS34.91
BVpS22.87
TBVpS3.81
PEG (NY)0.39
PEG (5Y)N/A
Graham Number24.54
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -13.05% | ||
| ROE | -26.96% | ||
| ROCE | 3.29% | ||
| ROIC | 2.87% | ||
| ROICexc | 2.98% | ||
| ROICexgc | 5.74% | ||
| OM | 3.88% | ||
| PM (TTM) | N/A | ||
| GM | 30.37% | ||
| FCFM | 5.85% |
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%
ROICexgc growth 3Y-40.45%
ROICexgc 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-Score4
Asset Turnover0.74
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.69 | ||
| Debt/FCF | 8.06 | ||
| Debt/EBITDA | 4.49 | ||
| Cap/Depr | 42.84% | ||
| Cap/Sales | 2.68% | ||
| Interest Coverage | 1.1 | ||
| Cash Conversion | 84.18% | ||
| Profit Quality | N/A | ||
| Current Ratio | 2.98 | ||
| Quick Ratio | 1.36 | ||
| Altman-Z | 1.93 |
F-Score4
WACC9.93%
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)-22%
EPS 3Y-33.39%
EPS 5Y-13.27%
EPS Q2Q%-34.29%
EPS Next Y30.6%
EPS Next 2Y35.52%
EPS Next 3Y32.02%
EPS Next 5YN/A
Revenue 1Y (TTM)6.23%
Revenue growth 3Y2.38%
Revenue growth 5Y13.17%
Sales Q2Q%4.8%
Revenue Next Year8.69%
Revenue Next 2Y7.11%
Revenue Next 3Y7.41%
Revenue Next 5YN/A
EBIT growth 1Y-1.64%
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-60.61%
FCF growth 3Y102.97%
FCF growth 5Y32.74%
OCF growth 1Y-51.52%
OCF growth 3Y26.39%
OCF growth 5Y12%
FOX FACTORY HOLDING CORP / FOXF FAQ
What is the ChartMill fundamental rating of FOX FACTORY HOLDING CORP (FOXF) stock?
ChartMill assigns a fundamental rating of 4 / 10 to FOXF.
What is the valuation status of FOX FACTORY HOLDING CORP (FOXF) stock?
ChartMill assigns a valuation rating of 8 / 10 to FOX FACTORY HOLDING CORP (FOXF). This can be considered as Undervalued.
What is the profitability of FOXF stock?
FOX FACTORY HOLDING CORP (FOXF) has a profitability rating of 4 / 10.
How financially healthy is FOX FACTORY HOLDING CORP?
The financial health rating of FOX FACTORY HOLDING CORP (FOXF) is 4 / 10.
Is the dividend of FOX FACTORY HOLDING CORP sustainable?
The dividend rating of FOX FACTORY HOLDING CORP (FOXF) is 0 / 10 and the dividend payout ratio is 0%.