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FOX FACTORY HOLDING CORP (FOXF) Stock Fundamental Analysis

NASDAQ:FOXF - Nasdaq - US35138V1026 - Common Stock - Currency: USD

25.95  -0.53 (-2%)

After market: 25.95 0 (0%)

Fundamental Rating

3

FOXF gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 83 industry peers in the Automobile Components industry. FOXF has an average financial health and profitability rating. FOXF does not seem to be growing, but still is valued expensively.


Dividend Valuation Growth Profitability Health

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4

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.
In the past 5 years FOXF always reported a positive cash flow from operatings.
FOXF Yearly Net Income VS EBIT VS OCF VS FCFFOXF Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M 200M

1.2 Ratios

FOXF has a worse Return On Assets (0.47%) than 73.49% of its industry peers.
The Return On Equity of FOXF (0.90%) is worse than 73.49% of its industry peers.
The Return On Invested Capital of FOXF (2.47%) is worse than 79.52% of its industry peers.
The Average Return On Invested Capital over the past 3 years for FOXF is above the industry average of 9.58%.
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 RankSector 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%
FOXF Yearly ROA, ROE, ROICFOXF Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 5 10 15 20 25

1.3 Margins

FOXF has a Profit Margin of 0.78%. This is in the lower half of the industry: FOXF underperforms 72.29% of its industry peers.
In the last couple of years the Profit Margin of FOXF has declined.
FOXF has a worse Operating Margin (4.19%) than 73.49% of its industry peers.
In the last couple of years the Operating Margin of FOXF has declined.
The Gross Margin of FOXF (30.13%) is better than 87.95% of its industry peers.
FOXF's Gross Margin has been stable in the last couple of years.
Industry RankSector 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%
FOXF Yearly Profit, Operating, Gross MarginsFOXF Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 10 20 30

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4

2. Health

2.1 Basic Checks

FOXF has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
Compared to 1 year ago, FOXF has less shares outstanding
Compared to 5 years ago, FOXF has more shares outstanding
The debt/assets ratio for FOXF is higher compared to a year ago.
FOXF Yearly Shares OutstandingFOXF Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 10M 20M 30M 40M
FOXF Yearly Total Debt VS Total AssetsFOXF Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 500M 1B 1.5B 2B

2.2 Solvency

An Altman-Z score of 2.11 indicates that FOXF is not a great score, but indicates only limited risk for bankruptcy at the moment.
With a Altman-Z score value of 2.11, FOXF is not doing good in the industry: 69.88% of the companies in the same industry are doing better.
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.
FOXF has a Debt to FCF ratio of 13.92. This is in the lower half of the industry: FOXF underperforms 74.70% of its industry peers.
A Debt/Equity ratio of 0.62 indicates that FOXF is somewhat dependend on debt financing.
FOXF's Debt to Equity ratio of 0.62 is on the low side compared to the rest of the industry. FOXF is outperformed by 79.52% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.62
Debt/FCF 13.92
Altman-Z 2.11
ROIC/WACC0.27
WACC9.03%
FOXF Yearly LT Debt VS Equity VS FCFFOXF Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M 800M 1B

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.
Looking at the Current ratio, with a value of 3.21, FOXF belongs to the top of the industry, outperforming 90.36% of the companies in the same industry.
A Quick Ratio of 1.62 indicates that FOXF should not have too much problems paying its short term obligations.
FOXF's Quick ratio of 1.62 is amongst the best of the industry. FOXF outperforms 86.75% of its industry peers.
Industry RankSector Rank
Current Ratio 3.21
Quick Ratio 1.62
FOXF Yearly Current Assets VS Current LiabilitesFOXF Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M

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3

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.
Looking at the last year, FOXF shows a very negative growth in Revenue. The Revenue has decreased by -10.82% in the last year.
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

The Earnings Per Share is expected to decrease by -13.42% on average over the next years. This is quite bad
FOXF is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.74% yearly.
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
FOXF Yearly Revenue VS EstimatesFOXF Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 500M 1B 1.5B
FOXF Yearly EPS VS EstimatesFOXF Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3 4 5

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2

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 17.30, which indicates a rather expensive current valuation of FOXF.
FOXF's Price/Earnings ratio is in line with the industry average.
The average S&P500 Price/Earnings ratio is at 29.62. FOXF is valued slightly cheaper when compared to this.
FOXF is valuated correctly with a Price/Forward Earnings ratio of 12.96.
The rest of the industry has a similar Price/Forward Earnings ratio as FOXF.
The average S&P500 Price/Forward Earnings ratio is at 22.70. FOXF is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 17.3
Fwd PE 12.96
FOXF Price Earnings VS Forward Price EarningsFOXF Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

FOXF's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. FOXF is more expensive than 73.49% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, FOXF is valued a bit more expensive than the industry average as 63.86% of the companies are valued more cheaply.
Industry RankSector Rank
P/FCF 19.59
EV/EBITDA 13.11
FOXF Per share dataFOXF EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

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)1.42
EPS Next 2Y-28.81%
EPS Next 3Y-13.42%

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0

5. Dividend

5.1 Amount

FOXF does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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FOX FACTORY HOLDING CORP

NASDAQ:FOXF (2/21/2025, 4:30:00 PM)

After market: 25.95 0 (0%)

25.95

-0.53 (-2%)

Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)10-31 2024-10-31/amc
Earnings (Next)02-27 2025-02-27/amc
Inst Owners103.74%
Inst Owner Change-92.29%
Ins Owners0.41%
Ins Owner Change0.03%
Market Cap1.08B
Analysts78.57
Price Target40.67 (56.72%)
Short Float %4.74%
Short Ratio3.06
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly Dividend0
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)-0.62%
PT rev (3m)-19.24%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 17.3
Fwd PE 12.96
P/S 0.79
P/FCF 19.59
P/OCF 10.59
P/B 0.9
P/tB 10.25
EV/EBITDA 13.11
EPS(TTM)1.5
EY5.78%
EPS(NY)2
Fwd EY7.71%
FCF(TTM)1.32
FCFY5.1%
OCF(TTM)2.45
OCFY9.44%
SpS32.96
BVpS28.72
TBVpS2.53
PEG (NY)N/A
PEG (5Y)1.42
Profitability
Industry RankSector 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 RankSector 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 2.11
F-Score3
WACC9.03%
ROIC/WACC0.27
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%