FOX FACTORY HOLDING CORP (FOXF) Stock Fundamental Analysis
NASDAQ:FOXF - Nasdaq - US35138V1026 - Common Stock - Currency: USD
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 only an average score on both its financial health and profitability. FOXF is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year FOXF was profitable.
FOXF had a positive operating cash flow in the past year.
In the past 5 years FOXF has always been profitable.
FOXF had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a Return On Assets value of -12.88%, FOXF is not doing good in the industry: 85.19% of the companies in the same industry are doing better.
FOXF has a Return On Equity of -26.56%. This is amonst the worse of the industry: FOXF underperforms 85.19% of its industry peers.
FOXF has a Return On Invested Capital of 3.07%. This is amonst the worse of the industry: FOXF underperforms 81.48% of its industry peers.
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 9.05%.
The last Return On Invested Capital (3.07%) for FOXF is well below the 3 year average (8.41%), which needs to be investigated, but indicates that FOXF had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -12.88% | ||
| ROE | -26.56% | ||
| ROIC | 3.07% |
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.
FOXF has a worse Operating Margin (4.26%) than 74.07% of its industry peers.
FOXF's Operating Margin has declined in the last couple of years.
FOXF has a better Gross Margin (30.39%) than 87.65% of its industry peers.
FOXF's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 4.26% | ||
| PM (TTM) | N/A | ||
| GM | 30.39% |
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), FOXF 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
FOXF has a better debt/assets ratio than last year.
2.2 Solvency
FOXF has an Altman-Z score of 2.28. 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.
The Altman-Z score of FOXF (2.28) is comparable to the rest of the industry.
The Debt to FCF ratio of FOXF is 8.67, which is on the high side as it means it would take FOXF, 8.67 years of fcf income to pay off all of its debts.
FOXF has a worse Debt to FCF ratio (8.67) than 69.14% of its industry peers.
A Debt/Equity ratio of 0.73 indicates that FOXF is somewhat dependend on debt financing.
FOXF has a worse Debt to Equity ratio (0.73) than 77.78% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.73 | ||
| Debt/FCF | 8.67 | ||
| Altman-Z | 2.28 |
ROIC/WACC0.28
WACC10.84%
2.3 Liquidity
FOXF has a Current Ratio of 3.18. 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 3.18, FOXF belongs to the top of the industry, outperforming 88.89% 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 is in the better half of the industry, outperforming 76.54% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.18 | ||
| 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 -58.22%.
FOXF shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -13.27% yearly.
FOXF shows a small growth in Revenue. In the last year, the Revenue has grown by 1.27%.
FOXF shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 13.17% yearly.
EPS 1Y (TTM)-58.22%
EPS 3Y-33.39%
EPS 5Y-13.27%
EPS Q2Q%-20.69%
Revenue 1Y (TTM)1.27%
Revenue growth 3Y2.38%
Revenue growth 5Y13.17%
Sales Q2Q%6.46%
3.2 Future
FOXF is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 35.56% yearly.
Based on estimates for the next years, FOXF will show a small growth in Revenue. The Revenue will grow by 5.79% on average per year.
EPS Next Y38.4%
EPS Next 2Y35.56%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year5.24%
Revenue Next 2Y5.79%
Revenue Next 3YN/A
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.
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
A Price/Earnings ratio of 22.06 indicates a rather expensive valuation of FOXF.
FOXF's Price/Earnings is on the same level as the industry average.
FOXF's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.45.
The Price/Forward Earnings ratio is 11.46, which indicates a very decent valuation of FOXF.
The rest of the industry has a similar Price/Forward Earnings ratio as FOXF.
FOXF is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 21.90, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.06 | ||
| Fwd PE | 11.46 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, FOXF is valued a bit more expensive than 71.60% of the companies in the same industry.
FOXF's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.27 | ||
| EV/EBITDA | 12.44 |
4.3 Compensation for Growth
The 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 35.56% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.57
PEG (5Y)N/A
EPS Next 2Y35.56%
EPS Next 3YN/A
5. Dividend
5.1 Amount
FOXF does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
28.01
-0.52 (-1.82%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)
Earnings (Next)
Inst Owners102.43%
Inst Owner Change-1.95%
Ins Owners0.56%
Ins Owner Change7.58%
Market Cap1.17B
Analysts78.57
Price Target31.75 (13.35%)
Short Float %4.13%
Short Ratio2.88
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)2
Avg EPS beat(2)5.76%
Min EPS beat(2)4.88%
Max EPS beat(2)6.64%
EPS beat(4)3
Avg EPS beat(4)0.23%
Min EPS beat(4)-18.3%
Max EPS beat(4)7.71%
EPS beat(8)5
Avg EPS beat(8)0.82%
EPS beat(12)8
Avg EPS beat(12)2.86%
EPS beat(16)11
Avg EPS beat(16)4.16%
Revenue beat(2)2
Avg Revenue beat(2)5.94%
Min Revenue beat(2)5.25%
Max Revenue beat(2)6.64%
Revenue beat(4)2
Avg Revenue beat(4)1.59%
Min Revenue beat(4)-4.03%
Max Revenue beat(4)6.64%
Revenue beat(8)2
Avg Revenue beat(8)-1.86%
Revenue beat(12)4
Avg Revenue beat(12)-0.8%
Revenue beat(16)8
Avg Revenue beat(16)1.23%
PT rev (1m)-1.19%
PT rev (3m)-16.44%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-2.67%
EPS NY rev (1m)-0.69%
EPS NY rev (3m)-8.04%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.22%
Revenue NY rev (1m)0.14%
Revenue NY rev (3m)1.1%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.06 | ||
| Fwd PE | 11.46 | ||
| P/S | 0.83 | ||
| P/FCF | 14.27 | ||
| P/OCF | 9.49 | ||
| P/B | 1.24 | ||
| P/tB | 9.4 | ||
| EV/EBITDA | 12.44 |
EPS(TTM)1.27
EY4.53%
EPS(NY)2.44
Fwd EY8.73%
FCF(TTM)1.96
FCFY7.01%
OCF(TTM)2.95
OCFY10.54%
SpS33.94
BVpS22.53
TBVpS2.98
PEG (NY)0.57
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -12.88% | ||
| ROE | -26.56% | ||
| ROCE | 3.52% | ||
| ROIC | 3.07% | ||
| ROICexc | 3.2% | ||
| ROICexgc | 6.34% | ||
| OM | 4.26% | ||
| PM (TTM) | N/A | ||
| GM | 30.39% | ||
| FCFM | 5.78% |
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 | 0.73 | ||
| Debt/FCF | 8.67 | ||
| Debt/EBITDA | 4.71 | ||
| Cap/Depr | 48.54% | ||
| Cap/Sales | 2.92% | ||
| Interest Coverage | 1.1 | ||
| Cash Conversion | 84.68% | ||
| Profit Quality | N/A | ||
| Current Ratio | 3.18 | ||
| Quick Ratio | 1.36 | ||
| Altman-Z | 2.28 |
F-Score3
WACC10.84%
ROIC/WACC0.28
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)-58.22%
EPS 3Y-33.39%
EPS 5Y-13.27%
EPS Q2Q%-20.69%
EPS Next Y38.4%
EPS Next 2Y35.56%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)1.27%
Revenue growth 3Y2.38%
Revenue growth 5Y13.17%
Sales Q2Q%6.46%
Revenue Next Year5.24%
Revenue Next 2Y5.79%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-47.22%
EBIT growth 3Y-33.59%
EBIT growth 5Y-12.56%
EBIT Next Year105.19%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-62.25%
FCF growth 3Y102.97%
FCF growth 5Y32.74%
OCF growth 1Y-53.24%
OCF growth 3Y26.39%
OCF growth 5Y12%