NasdaqGS:FOXF

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Executive Summary

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


Snowflake Analysis

Imperfect balance sheet with questionable 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

Stable Share Price: FOXF's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

2.9%

FOXF

4.5%

US Auto Components

4.0%

US Market


1 Year Return

-2.7%

FOXF

-11.8%

US Auto Components

4.9%

US Market

Return vs Industry: FOXF exceeded the US Auto Components industry which returned -11.8% over the past year.

Return vs Market: FOXF underperformed the US Market which returned 5% over the past year.


Shareholder returns

FOXFIndustryMarket
7 Day2.9%4.5%4.0%
30 Day1.6%-5.5%1.3%
90 Day126.4%65.8%29.5%
1 Year-2.7%-2.7%-10.7%-11.8%7.2%4.9%
3 Year128.0%128.0%-22.1%-30.3%36.1%27.2%
5 Year418.4%418.4%-4.6%-18.6%65.3%46.9%

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?

37.85x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: FOXF ($81.85) is trading above our estimate of fair value ($49.68)

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 (37.9x) compared to the Auto Components industry average (15x).

PE vs Market: FOXF is poor value based on its PE Ratio (37.9x) compared to the US market (16.5x).


Price to Earnings Growth Ratio

PEG Ratio: FOXF is poor value based on its PEG Ratio (5.1x)


Price to Book Ratio

PB vs Industry: FOXF is overvalued based on its PB Ratio (7.4x) compared to the US Auto Components industry average (1.4x).


Next Steps

Future Growth

How is Fox Factory Holding forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

7.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FOXF's forecast earnings growth (7.4% per year) is above the savings rate (2.2%).

Earnings vs Market: FOXF's earnings (7.4% per year) are forecast to grow slower than the US market (22.8% per year).

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

Revenue vs Market: FOXF's revenue (6.9% per year) is forecast to grow slower than the US market (9.3% per year).

High Growth Revenue: FOXF's revenue (6.9% 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?

30.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FOXF has high quality earnings.

Growing Profit Margin: FOXF's current net profit margins (10.8%) are lower than last year (12.4%).


Past Earnings Growth Analysis

Earnings Trend: FOXF's earnings have grown significantly by 30% per year over the past 5 years.

Accelerating Growth: FOXF's earnings growth over the past year (2.4%) is below its 5-year average (30% per year).

Earnings vs Industry: FOXF earnings growth over the past year (2.4%) underperformed the Auto Components industry 3.5%.


Return on Equity

High ROE: FOXF's Return on Equity (19%) is considered low.


Next Steps

Financial Health

How is Fox Factory Holding's financial position?


Financial Position Analysis

Short Term Liabilities: FOXF's short term assets ($394.2M) exceed its short term liabilities ($138.7M).

Long Term Liabilities: FOXF's short term assets ($394.2M) do not cover its long term liabilities ($484.1M).


Debt to Equity History and Analysis

Debt Level: FOXF's debt to equity ratio (107.5%) is considered high.

Reducing Debt: FOXF's debt to equity ratio has increased from 39.5% to 107.5% over the past 5 years.

Debt Coverage: FOXF's debt is not well covered by operating cash flow (6.8%).

Interest Coverage: FOXF's interest payments on its debt are well covered by EBIT (24.9x coverage).


Balance Sheet


Next Steps

Dividend

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


Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

How experienced are the management team and are they aligned to shareholders interests?

2.3yrs

Average management tenure


CEO

Mike Dennison (52yo)

1.08yrs

Tenure

US$2,432,927

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's total compensation ($USD2.43M) is below average for companies of similar size in the US market ($USD5.82M).

Compensation vs Earnings: Mike's compensation has increased by more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Larry Enterline
Executive Chairman1.08yrsUS$1.07mno data
Michael Dennison
CEO & Director1.08yrsUS$2.43m0.014% $469.3k
John Blocher
Senior VP of Finance & Corporate Controller and Interim CFO & Treasurer0.67yrUS$711.21k0.0074% $250.4k
Wesley Allinger
Executive VP of Specialty Sports Group of Cycling Division2.25yrsUS$754.26k0.042% $1.4m
Christopher Tutton
President of Specialty Sports Group2.25yrsUS$1.01m0.065% $2.2m
Richard Winters
President of Powered Vehicles Group1.08yrsUS$1.07m0.055% $1.9m
Dan Robbins
Senior Director of Communications and Investor Relationsno datano datano data
David Haugen
VP, General Counsel & Corporate Secretary3.42yrsno datano data
Dale Silvia
Chief Human Resources Officer3.42yrsno datano data

2.3yrs

Average Tenure

55yo

Average Age

Experienced Management: FOXF's management team is considered experienced (2.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Larry Enterline
Executive Chairman1.08yrsUS$1.07mno data
Michael Dennison
CEO & Director1.08yrsUS$2.43m0.014% $469.3k
Elizabeth Fetter
Independent Director3.08yrsUS$157.90k0.0075% $254.1k
Dudley Mendenhall
Lead Independent Director1.08yrsUS$211.00k0.021% $716.3k
Ted Waitman
Independent Director7.08yrsUS$161.85k0.026% $890.8k
Jean Hlay
Independent Director1.42yrsUS$141.34k0.0036% $120.6k
Thomas Duncan
Independent Director3yrsUS$157.50k0.0092% $310.4k

2.4yrs

Average Tenure

62yo

Average Age

Experienced Board: FOXF's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 8.5%.


Top Shareholders

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$3.388b
  • Shares outstanding: 41.40m
  • 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-bikes; and powered vehicle products for side-by-side vehicles, on-road vehicles with off-road capabilities, off-road vehicles and trucks, all-terrain vehicles, snowmobiles, specialty vehicles and applications, motorcycles, and commercial trucks. It also provides mountain and road bike wheels, and other performance cycling components, including cranks, chain rings, pedals, bars, stems, and seat posts, as well as sells aftermarket products to retailers and distributors. The company owns, licenses, and sells under the FOX, FOX RACING SHOX, and RACE FACE trademarks. Fox Factory Holding Corp. was incorporated in 2007 and is headquartered in Braselton, Georgia. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/04 23:52
End of Day Share Price2020/07/02 00:00
Earnings2020/04/03
Annual Earnings2020/01/03


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.