NasdaqGS:FOXF

Stock Analysis Report

Executive Summary

Fox Factory Holding Corp. designs, engineers, manufactures, and markets ride dynamics products worldwide.

Snowflake

Fundamentals

Flawless balance sheet with outstanding track record.


Similar Companies

Share Price & News

How has Fox Factory Holding's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-1.7%

FOXF

3.3%

US Auto Components

0.5%

US Market


1 Year Return

14.6%

FOXF

-2.4%

US Auto Components

6.8%

US Market

Return vs Industry: FOXF exceeded the US Auto Components industry which returned -2.4% over the past year.

Return vs Market: FOXF exceeded the US Market which returned 6.8% over the past year.


Shareholder returns

FOXFIndustryMarket
7 Day-1.7%3.3%0.5%
30 Day-0.02%2.7%-0.8%
90 Day-26.6%1.1%-0.9%
1 Year14.6%14.6%-0.9%-2.4%9.2%6.8%
3 Year197.1%197.1%10.9%-0.5%45.6%36.2%
5 Year292.6%292.6%19.7%3.3%63.2%45.4%

Price Volatility Vs. Market

How volatile is Fox Factory Holding's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Fox Factory Holding undervalued compared to its fair value and its price relative to the market?

28.18x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: FOXF ($63.29) is trading above our estimate of fair value ($50.41)

Significantly Below Fair Value: FOXF is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: FOXF is poor value based on its PE Ratio (28.2x) compared to the Auto Components industry average (16.5x).

PE vs Market: FOXF is poor value based on its PE Ratio (28.2x) compared to the US market (17.7x).


Price to Earnings Growth Ratio

PEG Ratio: FOXF is poor value based on its PEG Ratio (1.7x)


Price to Book Ratio

PB vs Industry: FOXF is overvalued based on its PB Ratio (6.6x) compared to the US Auto Components industry average (1.2x).


Next Steps

Future Growth

How is Fox Factory Holding forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

16.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FOXF's forecast earnings growth (16.9% per year) is above the savings rate (2.7%).

Earnings vs Market: FOXF's earnings (16.9% per year) are forecast to grow faster than the US market (14.6% per year).

High Growth Earnings: FOXF's earnings are forecast to grow, but not significantly.

Revenue vs Market: FOXF's revenue (12% per year) is forecast to grow faster than the US market (7.2% per year).

High Growth Revenue: FOXF's revenue (12% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if FOXF's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Fox Factory Holding performed over the past 5 years?

27.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: FOXF's earnings have grown significantly by 27.8% per year over the past 5 years.

Accelerating Growth: FOXF's earnings growth over the past year (46.3%) exceeds its 5-year average (27.8% per year).

Earnings vs Industry: FOXF earnings growth over the past year (46.3%) exceeded the Auto Components industry 8.1%.


Return on Equity

High ROE: FOXF's Return on Equity (22.6%) is considered high.


Return on Assets

ROA vs Industry: FOXF has a higher Return on Assets than the Auto Components industry average last year.


Return on Capital Employed

ROCE Improving: FOXF has improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Fox Factory Holding's financial position?


Financial Position Analysis

Short Term Liabilities: FOXF's short term assets ($289.5M) exceeds its short term liabilities ($106.0M)

Long Term Liabilities: FOXF's short term assets (289.5M) exceeds its long term liabilities (89.5M)


Debt to Equity History and Analysis

Debt Level: FOXF's debt to equity ratio (20.2%) is considered satisfactory

Reducing Debt: FOXF's debt to equity ratio has reduced from 40.6% to 20.2% over the past 5 years.

Debt Coverage: FOXF's debt is well covered by operating cash flow (68.3%).

Interest Coverage: FOXF's interest payments on its debt are well covered by EBIT (32.4x coverage).


Balance Sheet

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

Debt Coverage by Assets: FOXF's debt is covered by short term assets (assets are 3.733000x debt).


Next Steps

Dividend

What is Fox Factory Holding's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage1.9%forecastin3Years0%

Current dividend yield vs market & industry


Stability and Growth of Payments

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

High Dividend: Unable to evaluate FOXF'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 FOXF's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if FOXF'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 FOXF's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

What is the CEO of Fox Factory Holding's salary, the management and board of directors tenure and is there insider trading?

2.1yrs

Average management tenure


CEO

Mike Dennison (51yo)

0.3yrs

Tenure

US$1,838,277

Compensation

Mr. Michael C. Dennison, also known as Mike, is the Chief Executive Officer of Fox Factory Holding Corp. since June 29, 2019. He served as President of Powered Vehicles Group & Director at Fox Factory Hold ...


CEO Compensation Analysis

Compensation vs. Market: Mike has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the US market.

Compensation vs Earnings: Insufficient data to compare Mike's compensation with company performance.


Management Age and Tenure

2.1yrs

Average Tenure

54yo

Average Age

Experienced Management: FOXF's management team is considered experienced (2.1 years average tenure).


Board Age and Tenure

1.7yrs

Average Tenure

61yo

Average Age

Experienced Board: FOXF's board of directors are not considered experienced ( 1.7 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: FOXF insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellUS$2,032,79218 Sep 19
Larry Enterline
EntityIndividual
Role
Chairman of the Board
Executive Chairman
Shares30,000
Max PriceUS$68.40
SellUS$475,58814 Sep 19
Zvi Glasman
EntityIndividual
Role
Chief Financial Officer
CFO & Treasurer
Shares7,000
Max PriceUS$67.94
SellUS$676,28112 Sep 19
Zvi Glasman
EntityIndividual
Role
Chief Financial Officer
CFO & Treasurer
Shares10,000
Max PriceUS$67.68
SellUS$990,67004 Sep 19
Zvi Glasman
EntityIndividual
Role
Chief Financial Officer
CFO & Treasurer
Shares13,583
Max PriceUS$73.01
SellUS$72,83431 Aug 19
Christopher Tutton
EntityIndividual
Role
Unit President
President of Specialty Sports Group
Shares1,000
Max PriceUS$72.83
SellUS$75,24021 Aug 19
Christopher Tutton
EntityIndividual
Role
Unit President
President of Specialty Sports Group
Shares1,000
Max PriceUS$75.24
SellUS$34,57916 Aug 19
Christopher Tutton
EntityIndividual
Role
Unit President
President of Specialty Sports Group
Shares461
Max PriceUS$75.01
SellUS$373,06607 Aug 19
Christopher Tutton
EntityIndividual
Role
Unit President
President of Specialty Sports Group
Shares5,000
Max PriceUS$75.00
SellUS$16,23014 Jun 19
Christopher Tutton
EntityIndividual
Role
Unit President
President of Specialty Sports Group
Shares220
Max PriceUS$73.77
SellUS$4,772,90925 May 19
Larry Enterline
EntityIndividual
Role
Chairman of the Board
Executive Chairman
Shares70,000
Max PriceUS$69.01
SellUS$151,87709 May 19
Christopher Tutton
EntityIndividual
Role
Unit President
President of Specialty Sports Group
Shares2,000
Max PriceUS$75.94
SellUS$332,58615 Mar 19
Zvi Glasman
EntityIndividual
Role
Chief Financial Officer
CFO & Treasurer
Shares5,000
Max PriceUS$66.52
SellUS$118,02214 Mar 19
Zvi Glasman
EntityIndividual
Role
Chief Financial Officer
CFO & Treasurer
Shares1,750
Max PriceUS$67.44
SellUS$2,898,68208 Mar 19
Larry Enterline
EntityIndividual
Role
Chairman of the Board
Executive Chairman
Shares45,000
Max PriceUS$64.69
SellUS$329,32814 Dec 18
Zvi Glasman
EntityIndividual
Role
Chief Financial Officer
CFO & Treasurer
Shares5,000
Max PriceUS$65.87
SellUS$300,98011 Dec 18
Dudley Mendenhall
EntityIndividual
Role
Lead Director
Lead Director
Shares4,701
Max PriceUS$64.02

Ownership Breakdown


Management Team

  • Larry Enterline (66yo)

    Executive Chairman

    • Tenure: 0.3yrs
    • Compensation: US$1.93m
  • Rich Winters

    President of Powered Vehicles Group

    • Tenure: 1yrs
  • David Haugen

    VP, General Counsel & Corporate Secretary

    • Tenure: 2.7yrs
  • Zvi Glasman (55yo)

    CFO & Treasurer

    • Tenure: 11.8yrs
    • Compensation: US$688.57k
  • Mike Dennison (51yo)

    CEO & Director

    • Tenure: 0.3yrs
    • Compensation: US$1.84m
  • John Blocher

    VP & Corporate Controller

    • Tenure: 5.7yrs
  • Wes Allinger (54yo)

    Executive VP of Specialty Sports Group of Cycling Division

    • Tenure: 1.5yrs
    • Compensation: US$925.46k
  • Dale Silvia

    Chief Human Resources Officer

    • Tenure: 2.7yrs
  • Chris Tutton (45yo)

    President of Specialty Sports Group

    • Tenure: 1.5yrs
    • Compensation: US$1.15m
  • Marcus Stallings

    Vice President of Corporate Development and Mergers & Acquisitions

    • Tenure: 0yrs

Board Members

  • Liz Fetter (61yo)

    Director

    • Tenure: 2.3yrs
    • Compensation: US$105.75k
  • Larry Enterline (66yo)

    Executive Chairman

    • Tenure: 0.3yrs
    • Compensation: US$1.93m
  • Dudley Mendenhall (64yo)

    Lead Director

    • Tenure: 0.3yrs
    • Compensation: US$151.50k
  • Ted Waitman (69yo)

    Director

    • Tenure: 6.3yrs
    • Compensation: US$112.38k
  • Jean Hlay (59yo)

    Director

    • Tenure: 0.7yrs
  • Tom Duncan (54yo)

    Director

    • Tenure: 2.3yrs
    • Compensation: US$106.63k
  • Mike Dennison (51yo)

    CEO & Director

    • Tenure: 0.3yrs
    • Compensation: US$1.84m

Company Information

Fox Factory Holding Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Fox Factory Holding Corp.
  • Ticker: FOXF
  • Exchange: NasdaqGS
  • Founded: 2007
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Market Cap: US$2.432b
  • Shares outstanding: 38.43m
  • Website: https://www.ridefox.com

Number of Employees


Location

  • Fox Factory Holding Corp.
  • 6634 Highway 53
  • Braselton
  • Georgia
  • 30517
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FOXFNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDAug 2013
FF0DB (Deutsche Boerse AG)YesCommon StockDEEURAug 2013

Biography

Fox Factory Holding Corp. designs, engineers, manufactures, and markets ride dynamics products worldwide. The company offers front fork and rear suspension products for mountain bikes, road bikes, and e-bi ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 00:30
End of Day Share Price2019/10/21 00:00
Earnings2019/06/28
Annual Earnings2018/12/28


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.