DB:VOX

Stock Analysis Report

Executive Summary

VOXX International Corporation, together with its subsidiaries, designs, manufactures, and distributes automotive, audio, and consumer accessories worldwide.

Snowflake

Fundamentals

Flawless balance sheet and fair value.


Similar Companies

Share Price & News

How has VOXX International's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-1.5%

VOX

0.3%

DE Consumer Durables

2.4%

DE Market


1 Year Return

-11.3%

VOX

-6.7%

DE Consumer Durables

2.3%

DE Market

Return vs Industry: VOX underperformed the German Consumer Durables industry which returned -6.7% over the past year.

Return vs Market: VOX underperformed the German Market which returned 2.3% over the past year.


Shareholder returns

VOXIndustryMarket
7 Day-1.5%0.3%2.4%
30 Day-10.3%-3.3%-0.2%
90 Day0%-10.0%0.6%
1 Year-11.3%-11.3%-4.6%-6.7%5.5%2.3%
3 Year23.1%23.1%-11.4%-18.5%18.9%8.6%
5 Year-31.9%-31.9%26.9%9.8%44.8%25.1%

Price Volatility Vs. Market

How volatile is VOXX International's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is VOXX International undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: VOX (€3.94) is trading below our estimate of fair value (€28.52)

Significantly Undervalued: VOX is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: VOX is unprofitable, so we can't compare its PE Ratio to the Consumer Durables industry average.

PE vs Market: VOX is unprofitable, so we can't compare its PE Ratio to the German market.


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate VOX's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: VOX is good value based on its PB Ratio (0.3x) compared to the DE Consumer Durables industry average (1.6x).


Next Steps

Future Growth

How is VOXX International forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

17.6%

Forecasted Consumer Durables industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as VOXX International has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has VOXX International performed over the past 5 years?

-14.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: VOX is unprofitable, and losses have increased over the past 5 years at a rate of -14.3% per year.

Accelerating Growth: Unable to compare VOX's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: VOX is unprofitable, making it difficult to compare its past year earnings growth to the Consumer Durables industry (-21.1%).


Return on Equity

High ROE: VOX has a negative Return on Equity (-9.75%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: VOX is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: VOX is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is VOXX International's financial position?


Financial Position Analysis

Short Term Liabilities: VOX's short term assets ($233.4M) exceeds its short term liabilities ($88.9M)

Long Term Liabilities: VOX's short term assets (233.4M) exceeds its long term liabilities (20.6M)


Debt to Equity History and Analysis

Debt Level: VOX's debt to equity ratio (3.4%) is considered satisfactory

Reducing Debt: VOX's debt to equity ratio has reduced from 22.9% to 3.4% over the past 5 years.


Balance Sheet

Inventory Level: VOX has a high level of physical assets or inventory.

Debt Coverage by Assets: VOX's debt is covered by short term assets (assets are 17.893830x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable VOX has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: VOX is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 59.8% per year.


Next Steps

Dividend

What is VOXX International's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.9%industryaverage3.2%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate VOX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate VOX's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if VOX's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if VOX's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of VOX's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

What is the CEO of VOXX International's salary, the management and board of directors tenure and is there insider trading?

3.7yrs

Average management tenure


CEO

Pat Lavelle (67yo)

14.4yrs

Tenure

US$1,440,557

Compensation

Mr. Patrick M. Lavelle, also known as Pat, has been the Chief Executive and President of VOXX International Corporation (Former Name: Audiovox Corporation), holding company of Klipsch Group Inc. since May  ...


CEO Compensation Analysis

Compensation vs. Market: Pat's total compensation ($USD1.44M) is about average for companies of similar size in the German market ($USD218.87K).

Compensation vs Earnings: Pat's compensation has been consistent with company performance over the past year.


Management Age and Tenure

3.7yrs

Average Tenure

62yo

Average Age

Experienced Management: VOX's management team is considered experienced (3.7 years average tenure).


Board Age and Tenure

14.4yrs

Average Tenure

67yo

Average Age

Experienced Board: VOX's board of directors are seasoned and experienced ( 14.4 years average tenure).


Insider Trading

Insider Buying: VOX insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$21,33030 Jul 19
Peter Lesser
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares5,000
Max PriceUS$4.27

Ownership Breakdown


Management Team

  • Charles Stoehr (73yo)

    Senior VP

    • Tenure: 32.8yrs
    • Compensation: US$526.38k
  • Pat Lavelle (67yo)

    President

    • Tenure: 14.4yrs
    • Compensation: US$1.44m
  • T. Jacobs (61yo)

    President & CEO of Klipsch Group Inc

    • Tenure: 8.3yrs
    • Compensation: US$942.30k
  • Loriann Shelton (62yo)

    Senior VP & COO

    • Tenure: 3.8yrs
    • Compensation: US$635.69k
  • Tom Malone (64yo)

    President of VOXX Advanced Solutions Corp

    • Tenure: 3.7yrs
    • Compensation: US$492.91k
  • Mark Finger

    CEO & MD of VOXX International German Holdings

    • Tenure: 0yrs
  • C. Geise (68yo)

    Chief Executive Officer of Voxx Accessories Corporation

    • Tenure: 3.7yrs
    • Compensation: US$202.96k
  • Edward Mas (58yo)

    President & CEO of VOXX Automotive Corp.

    • Tenure: 0yrs
    • Compensation: US$575.98k
  • Ian Geise (47yo)

    President of VOXX Accessories Corporation

    • Tenure: 3.7yrs
  • Janine Russo (57yo)

    Corporate Secretary

    • Tenure: 1.2yrs

Board Members

  • John Adamovich (66yo)

    Independent Director

    • Tenure: 2.9yrs
    • Compensation: US$72.46k
  • John Shalam (85yo)

    Chairman of the Board

    • Tenure: 14.4yrs
    • Compensation: US$697.73k
  • Charles Stoehr (73yo)

    Senior VP

    • Tenure: 32.8yrs
    • Compensation: US$526.38k
  • Pat Lavelle (67yo)

    President

    • Tenure: 14.4yrs
    • Compensation: US$1.44m
  • Denise Gibson (59yo)

    Independent Director

    • Tenure: 4.3yrs
    • Compensation: US$64.81k
  • Peter Lesser (84yo)

    Independent Director

    • Tenure: 15.8yrs
    • Compensation: US$73.63k
  • Ari Shalam (49yo)

    Director

    • Tenure: 8.3yrs
    • Compensation: US$57.18k

Company Information

VOXX International Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: VOXX International Corporation
  • Ticker: VOX
  • Exchange: DB
  • Founded: 1960
  • Industry: Consumer Electronics
  • Sector: Consumer Durables
  • Market Cap: US$107.165m
  • Listing Market Cap: US$97.242m
  • Shares outstanding: 24.19m
  • Website: https://www.voxxintl.com

Number of Employees


Location

  • VOXX International Corporation
  • 2351 J. Lawson Boulevard
  • Orlando
  • Florida
  • 32824
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
VOXXNasdaqGS (Nasdaq Global Select)YesClass A Common StockUSUSDMay 1987
VOXDB (Deutsche Boerse AG)YesClass A Common StockDEEURMay 1987

Biography

VOXX International Corporation, together with its subsidiaries, designs, manufactures, and distributes automotive, audio, and consumer accessories worldwide. Its Automotive segment offers rear-seat enterta ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 21:18
End of Day Share Price2019/10/14 00:00
Earnings2019/08/31
Annual Earnings2019/02/28


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.