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.

Risks

  • Fox Factory Holding has significant price volatility in the past 3 months.

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

1.3%

NasdaqGS:FOXF

4.6%

US Auto Components

1.3%

US Market


1 Year Return

-1.6%

NasdaqGS:FOXF

-17.2%

US Auto Components

2.0%

US Market

FOXF outperformed the Auto Components industry which returned -17.9% over the past year.

FOXF underperformed the Market in United States of America which returned 1.7% over the past year.


Share holder returns

FOXFIndustryMarket
7 Day1.3%4.6%1.3%
30 Day-9.3%13.8%3.9%
90 Day-9.1%7.8%3.4%
1 Year-1.6%-1.6%-15.9%-17.2%4.2%2.0%
3 Year230.0%230.0%12.7%0.3%47.2%37.6%
5 Year337.4%337.4%17.7%1.5%60.5%42.9%

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 based on future cash flows and its price relative to the stock market?

30.16x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Fox Factory Holding's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Fox Factory Holding's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Fox Factory Holding is overvalued based on earnings compared to the US Auto Components industry average.

Fox Factory Holding is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

Fox Factory Holding is poor value based on expected growth next year.


Price Based on Value of Assets

Fox Factory Holding is overvalued based on assets compared to the US Auto Components industry average.


Next Steps

Future Growth

How is Fox Factory Holding expected 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 Estimates


Future Annual Growth Analysis

Fox Factory Holding's revenue is expected to grow by 12% yearly, however this is not considered high growth (20% yearly).

Fox Factory Holding's earnings are expected to grow by 16.9% yearly, however this is not considered high growth (20% yearly).

Fox Factory Holding's revenue growth is expected to exceed the United States of America market average.

Fox Factory Holding's earnings growth is expected to exceed the United States of America market average.

Fox Factory Holding's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Fox Factory Holding will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


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

Fox Factory Holding has delivered over 20% year on year earnings growth in the past 5 years.

Fox Factory Holding's 1-year earnings growth exceeds its 5-year average (46.3% vs 27.8%)

Fox Factory Holding's earnings growth has exceeded the US Auto Components industry average in the past year (46.3% vs 8.1%).


Return on Equity

Fox Factory Holding has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).


Return on Assets

Fox Factory Holding used its assets more efficiently than the US Auto Components industry average last year based on Return on Assets.


Return on Capital Employed

Fox Factory Holding has improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Fox Factory Holding's financial position?


Financial Position Analysis

Fox Factory Holding is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Fox Factory Holding's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Fox Factory Holding's level of debt (20.2%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (40.6% vs 20.2% today).

Debt is well covered by operating cash flow (68.3%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 32.4x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 3.7x debt.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

Unable to evaluate Fox Factory Holding's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Fox Factory Holding's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Fox Factory Holding has not reported any payouts.

Unable to verify if Fox Factory Holding's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Fox Factory Holding has not reported any payouts.


Future Payout to Shareholders

No need to calculate the sustainability of Fox Factory Holding's dividends in 3 years as they are not expected to pay a notable one for United States of America.


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?

2.0yrs

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

Mike's remuneration is lower than average for companies of similar size in United States of America.

Insufficient data for Mike to compare compensation growth.


Management Age and Tenure

2.0yrs

Average Tenure

54yo

Average Age

The tenure for the Fox Factory Holding management team is about average.


Board Age and Tenure

1.6yrs

Average Tenure

61yo

Average Age

The average tenure for the Fox Factory Holding board of directors is less than 3 years, this suggests a new board.


Insider Trading

Fox Factory Holding individual insiders have only sold shares in the past 3 months.


Recent Insider Transactions

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: 0.9yrs
  • David Haugen

    VP, General Counsel & Corporate Secretary

    • Tenure: 2.6yrs
  • Zvi Glasman (55yo)

    CFO & Treasurer

    • Tenure: 11.7yrs
    • Compensation: US$688.57k
  • Mike Dennison (51yo)

    CEO & Director

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

    VP & Corporate Controller

    • Tenure: 5.6yrs
  • Wes Allinger (54yo)

    Executive VP of Specialty Sports Group of Cycling Division

    • Tenure: 1.4yrs
    • Compensation: US$925.46k
  • Dale Silvia

    Chief Human Resources Officer

    • Tenure: 2.6yrs
  • Chris Tutton (45yo)

    President of Specialty Sports Group

    • Tenure: 1.4yrs
    • Compensation: US$1.15m

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: 0.6yrs
  • Tom Duncan (54yo)

    Director

    • Tenure: 2.2yrs
    • 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$2.603b
  • 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 Analysis2019/09/16 00:17
End of Day Share Price2019/09/13 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.