NasdaqGS:VOXX

Stock Analysis Report

Executive Summary

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


Snowflake Analysis

Excellent balance sheet and overvalued.


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

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


Market Performance


7 Day Return

13.6%

VOXX

-13.8%

US Consumer Durables

-2.0%

US Market


1 Year Return

-24.4%

VOXX

-33.2%

US Consumer Durables

-15.1%

US Market

Return vs Industry: VOXX matched the US Consumer Durables industry which returned -31.2% over the past year.

Return vs Market: VOXX underperformed the US Market which returned -14.9% over the past year.


Shareholder returns

VOXXIndustryMarket
7 Day13.6%-13.8%-2.0%
30 Day3.9%-42.6%-19.7%
90 Day-21.1%-42.5%-23.2%
1 Year-24.4%-24.4%-32.3%-33.2%-13.4%-15.1%
3 Year-26.2%-26.2%-31.1%-34.2%10.9%3.7%
5 Year-62.6%-62.6%-27.3%-32.1%28.4%14.4%

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

Valuation

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

0.21x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate VOXX's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate VOXX's fair value to establish if it is undervalued.


Price To Earnings Ratio

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

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


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: VOXX is good value based on its PB Ratio (0.2x) compared to the US Consumer Durables industry average (0.7x).


Next Steps

Future Growth

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

7.2%

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?

-35.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: VOXX is currently unprofitable.

Growing Profit Margin: VOXX is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: VOXX is unprofitable, and losses have increased over the past 5 years at a rate of -35% per year.

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

Earnings vs Industry: VOXX is unprofitable, making it difficult to compare its past year earnings growth to the Consumer Durables industry (10%).


Return on Equity

High ROE: VOXX has a negative Return on Equity (-12.14%), as it is currently unprofitable.


Next Steps

Financial Health

How is VOXX International's financial position?


Financial Position Analysis

Short Term Liabilities: VOXX's short term assets ($248.0M) exceed its short term liabilities ($91.5M).

Long Term Liabilities: VOXX's short term assets ($248.0M) exceed its long term liabilities ($22.1M).


Debt to Equity History and Analysis

Debt Level: VOXX's debt to equity ratio (2%) is considered satisfactory.

Reducing Debt: VOXX's debt to equity ratio has reduced from 22.8% to 2% over the past 5 years.


Balance Sheet

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

Debt Coverage by Assets: VOXX's debt is covered by short term assets (assets are 32.9x 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: VOXX has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: VOXX has less than a year of cash runway if free cash flow continues to reduce at historical rates of -40.5% each year


Next Steps

Dividend

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


Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

Growing Dividend: Insufficient data to determine if VOXX'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 VOXX'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?

4.2yrs

Average management tenure


CEO

Pat Lavelle (67yo)

14.92s

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 ($USD1.44M) is above average for companies of similar size in the US market ($USD609.32K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Patrick Lavelle
President14.92yrsUS$1.44m0.95% $780.8k
Charles Stoehr
Senior VP33.25yrsUS$526.38k0.057% $46.9k
Loriann Shelton
Senior VP & COO4.25yrsUS$635.69k0.061% $50.3k
T. Jacobs
President & CEO of Klipsch Group Inc8.75yrsUS$942.30k0.098% $80.6k
Edward Mas
President & CEO of VOXX Automotive Corp.2.08yrsUS$575.98kno data
Thomas Malone
President of VOXX Advanced Solutions Corp4.17yrsUS$492.91kno data
C. Geise
Chief Executive Officer of Voxx Accessories Corporation4.17yrsUS$202.96kno data
Mark Finger
CEO & MD of VOXX International German Holdingsno datano datano data
Ian Geise
President of VOXX Accessories Corporation4.17yrsno datano data
Janine Russo
Corporate Secretary1.67yrsno datano data

4.2yrs

Average Tenure

62yo

Average Age

Experienced Management: VOXX's management team is considered experienced (4.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Patrick Lavelle
President14.92yrsUS$1.44m0.95% $780.8k
Charles Stoehr
Senior VP33.25yrsUS$526.38k0.057% $46.9k
John Adamovich
Independent Director3.42yrsUS$72.46k0.046% $37.7k
John Shalam
Chairman of the Board14.92yrsUS$697.73k17.32% $14.2m
Denise Gibson
Independent Director4.75yrsUS$64.81k0.13% $110.1k
Peter Lesser
Independent Director16.33yrsUS$73.63k0.063% $51.4k
Ari Shalam
Director8.75yrsUS$57.18k0.24% $199.0k

14.9yrs

Average Tenure

67yo

Average Age

Experienced Board: VOXX's board of directors are seasoned and experienced ( 14.9 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • Name: VOXX International Corporation
  • Ticker: VOXX
  • Exchange: NasdaqGS
  • Founded: 1960
  • Industry: Consumer Electronics
  • Sector: Consumer Durables
  • Market Cap: US$82.211m
  • Shares outstanding: 23.97m
  • 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 entertainment devices, satellite radio products, automotive security and remote start systems, mobile multimedia devices, aftermarket/OE-styled radios, car link-smartphone telematics applications, collision avoidance systems, and location-based services. The company’s Premium Audio segment provides home theater systems, high-end loudspeakers, outdoor speakers, business music systems, cinema speakers, flat panel speakers, Bluetooth speakers, soundbars, headphones, and digital living network alliance compatible devices. Its Consumer Accessories segment offers remote controls; wireless and Bluetooth speakers; karaoke products; action cameras; iris identification and biometric security related products; personal sound amplifiers; infant/nursery products; healthcare wearables; activity tracking bands; smart-home security and safety products; infant and nursery products; and A/V connectivity, portable/home charging, reception, and digital consumer products. The company sells its products to mass merchants, regional chain stores, e-commerce platforms, department stores, lifestyle retailers, specialty and Internet retailers, power retailers, independent 12-volt retailers, distributors, new car dealers, automotive and vehicle manufacturers, system integrators, communication network providers, smart grid manufacturers, banks, the United States military, cinema operators, sporting goods equipment retailers, cell phone carriers, the public safety sector, private security providers, and original equipment manufacturers primarily under the Audiovox brand. The company was formerly known as Audiovox Corporation and changed its name to VOXX International Corporation in December 2011. VOXX International Corporation was founded in 1960 and is headquartered in Orlando, Florida. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/04 01:06
End of Day Share Price2020/04/03 00:00
Earnings2019/11/30
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.