Fox Factory Holding
Market Cap
US$3.4b
Last Updated
2020/07/01 23:56 UTC
Data Sources
Company Financials +
Executive Summary
Fox Factory Holding Corp. designs, engineers, manufactures, and markets ride dynamics products worldwide.
Rewards
Risk Analysis
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
3.9%
FOXF
1.2%
US Auto Components
1.9%
US Market
1 Year Return
-2.5%
FOXF
-13.4%
US Auto Components
4.3%
US Market
Return vs Industry: FOXF exceeded the US Auto Components industry which returned -13.4% over the past year.
Return vs Market: FOXF underperformed the US Market which returned 4.3% over the past year.
Shareholder returns
| FOXF | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.9% | 1.2% | 1.9% |
| 30 Day | 11.5% | -0.8% | 2.7% |
| 90 Day | 125.6% | 56.5% | 26.4% |
| 1 Year | -2.5%-2.5% | -12.3%-13.4% | 6.5%4.3% |
| 3 Year | 125.9%125.9% | -22.8%-30.9% | 35.1%26.2% |
| 5 Year | 414.8%414.8% | -5.5%-19.4% | 67.0%48.4% |
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
2 months ago | Simply Wall St
Does Fox Factory Holding Corp.'s (NASDAQ:FOXF) Recent Track Record Look Strong?3 months ago | Simply Wall St
A Sliding Share Price Has Us Looking At Fox Factory Holding Corp.'s (NASDAQ:FOXF) P/E Ratio3 months ago | Simply Wall St
Are Investors Undervaluing Fox Factory Holding Corp. (NASDAQ:FOXF) By 31%?Valuation
Is Fox Factory Holding undervalued compared to its fair value and its price relative to the market?
37.71x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: FOXF ($81.55) is trading above our estimate of fair value ($49.61)
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 (37.7x) compared to the Auto Components industry average (15.7x).
PE vs Market: FOXF is poor value based on its PE Ratio (37.7x) compared to the US market (16.4x).
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 (7.3x) compared to the US Auto Components industry average (1.3x).
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 (22.7% 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%.
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 ($USD5.86M).
Compensation vs Earnings: Mike's compensation has increased by more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 1.08yrs | US$1.07m | no data | |
| CEO & Director | 1.08yrs | US$2.43m | 0.014% $467.6k | |
| Senior VP of Finance & Corporate Controller and Interim CFO & Treasurer | 0.67yr | US$711.21k | 0.0074% $249.5k | |
| Executive VP of Specialty Sports Group of Cycling Division | 2.25yrs | US$754.26k | 0.042% $1.4m | |
| President of Specialty Sports Group | 2.25yrs | US$1.01m | 0.066% $2.2m | |
| President of Powered Vehicles Group | 1.08yrs | US$1.07m | no data | |
| Senior Director of Communications and Investor Relations | no data | no data | no data | |
| VP, General Counsel & Corporate Secretary | 3.42yrs | no data | no data | |
| Chief Human Resources Officer | 3.42yrs | no data | no data |
2.3yrs
Average Tenure
55yo
Average Age
Experienced Management: FOXF's management team is considered experienced (2.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 1.08yrs | US$1.07m | no data | |
| CEO & Director | 1.08yrs | US$2.43m | 0.014% $467.6k | |
| Independent Director | 3.08yrs | US$157.90k | 0.0075% $253.2k | |
| Lead Independent Director | 1.08yrs | US$211.00k | 0.021% $713.7k | |
| Independent Director | 7.08yrs | US$161.85k | 0.026% $887.5k | |
| Independent Director | 1.42yrs | US$141.34k | 0.0036% $120.2k | |
| Independent Director | 3yrs | US$157.50k | 0.0092% $309.2k |
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$3.376b
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| FOXF | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Aug 2013 |
| FF0 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Aug 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/07/01 23:56 |
| End of Day Share Price | 2020/07/01 00:00 |
| Earnings | 2020/04/03 |
| Annual Earnings | 2020/01/03 |
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.