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VOXX

VOXX International NasdaqGS:VOXX Stock Report

Last Price

US$8.38

Market Cap

US$200.6m

7D

14.5%

1Y

-44.3%

Updated

28 May, 2022

Data

Company Financials +
VOXX fundamental analysis
Snowflake Score
Valuation3/6
Future Growth3/6
Past Performance0/6
Financial Health5/6
Dividends0/6

VOXX Stock Overview

VOXX International Corporation, together with its subsidiaries, designs, manufactures, and distributes automotive electronics, consumer electronics, and biometric products in the United States, Europe, and internationally.

VOXX International Competitors

Price History & Performance

Summary of all time highs, changes and price drops for VOXX International
Historical stock prices
Current Share PriceUS$8.38
52 Week HighUS$16.75
52 Week LowUS$5.85
Beta1.32
1 Month Change8.41%
3 Month Change-23.33%
1 Year Change-44.28%
3 Year Change134.73%
5 Year Change28.92%
Change since IPO235.20%

Recent News & Updates

Apr 25

VOXX International: Former Supplier Awarded $40 Million In Previously Undisclosed Arbitration Proceedings

Outlining expectations for the company's upcoming fourth-quarter results. Former supplier awarded approximately $40 million in previously undisclosed arbitration proceedings. Partial final award was issued in early March with damages being affirmed by the arbitrator. Former Supplier might be awarded additional damages for patent infringement. While management's negligent handling of the case is disappointing, liquidity should be more than sufficient to absorb the arbitration award. Despite shares trading near 52-week lows, I am hesitant to keep my "buy" rating as the company has not yet disclosed the final arbitration award to shareholders and the potential for the former supplier also prevailing in its patent infringement claims.

Feb 24
Does VOXX International (NASDAQ:VOXX) Have A Healthy Balance Sheet?

Does VOXX International (NASDAQ:VOXX) Have A Healthy Balance Sheet?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Shareholder Returns

VOXXUS Consumer DurablesUS Market
7D14.5%6.3%6.2%
1Y-44.3%-25.9%-11.4%

Return vs Industry: VOXX underperformed the US Consumer Durables industry which returned -25.9% over the past year.

Return vs Market: VOXX underperformed the US Market which returned -10.2% over the past year.

Price Volatility

Is VOXX's price volatile compared to industry and market?
VOXX volatility
VOXX Average Weekly Movement7.6%
Consumer Durables Industry Average Movement7.9%
Market Average Movement7.8%
10% most volatile stocks in US Market17.0%
10% least volatile stocks in US Market2.8%

Stable Share Price: VOXX is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: VOXX's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19601,082Pat Lavellehttps://www.voxxintl.com

VOXX International Corporation, together with its subsidiaries, designs, manufactures, and distributes automotive electronics, consumer electronics, and biometric products in the United States, Europe, and internationally. Its Automotive Electronics segment offers mobile multi-media infotainment products, including overhead, seat-back, and headrest systems; automotive security, vehicle access, and remote start systems; satellite radios comprising plug and play, and direct connect models; smart phone telematics applications; automotive power accessories; rear observation and collision avoidance systems; driver distraction products; power lift gates; mobile interface modules; turn signal switches; automotive lighting products; automotive sensing and camera systems; USB ports; cruise control systems; and heated seats. The company’s Consumer Electronics segment provides speakers; home theater, business music, and streaming music systems; on-ear and in-ear headphones; wired and wireless headphones and ear buds; Bluetooth headphones and ear buds; soundbars; digital living network alliance compatible devices; high-definition television and wireless fidelity antennas; high-definition multimedia interface accessories; karaoke and infant/nursery products; home electronic accessories, such as cabling and power cords; other connectivity products; performance enhancing electronics; TV universal remotes; flat panel TV mounting systems; power supply systems and charging products; electronic equipment cleaning products; personal sound amplifiers; set-top boxes; and home and portable stereos.

VOXX International Fundamentals Summary

How do VOXX International's earnings and revenue compare to its market cap?
VOXX fundamental statistics
Market CapUS$200.59m
Earnings (TTM)-US$22.33m
Revenue (TTM)US$635.92m

0.3x

P/S Ratio

-9.0x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
VOXX income statement (TTM)
RevenueUS$635.92m
Cost of RevenueUS$466.44m
Gross ProfitUS$169.48m
Other ExpensesUS$191.81m
Earnings-US$22.33m

Last Reported Earnings

Feb 28, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.93
Gross Margin26.65%
Net Profit Margin-3.51%
Debt/Equity Ratio3.6%

How did VOXX perform over the long term?

See historical performance and comparison

Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: VOXX ($8.38) is trading below our estimate of fair value ($41.78)

Significantly Below Fair Value: VOXX is trading below fair value by more than 20%.


Price To Earnings Ratio

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

PE vs Market: VOXX is unprofitable, so we can't compare its Price-To-Earnings 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 Price-To-Book Ratio (0.5x) compared to the US Consumer Durables industry average (1.3x).


Future Growth

How is VOXX International forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


39.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: VOXX is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).

Earnings vs Market: VOXX is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: VOXX's is expected to become profitable in the next 3 years.

Revenue vs Market: VOXX's revenue (3.5% per year) is forecast to grow slower than the US market (8.1% per year).

High Growth Revenue: VOXX's revenue (3.5% 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 VOXX's Return on Equity is forecast to be high in 3 years time


Past Performance

How has VOXX International performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


10.7%

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, but has reduced losses over the past 5 years at a rate of 10.7% 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 (45.1%).


Return on Equity

High ROE: VOXX has a negative Return on Equity (-7.92%), as it is currently unprofitable.


Financial Health

How is VOXX International's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: VOXX's short term assets ($330.8M) exceed its short term liabilities ($204.0M).

Long Term Liabilities: VOXX's short term assets ($330.8M) exceed its long term liabilities ($36.0M).


Debt to Equity History and Analysis

Debt Level: VOXX has more cash than its total debt.

Reducing Debt: VOXX's debt to equity ratio has reduced from 27.3% to 3.6% over the past 5 years.


Balance Sheet


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 3 years 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 grow at historical rates of 33.3% each year.


Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

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 recent payouts.

High Dividend: Unable to evaluate VOXX'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 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.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as VOXX has not reported any payouts.


Discover strong dividend paying companies

Management

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

6.8yrs

Average management tenure


CEO

Pat Lavelle (69 yo)

17yrs

Tenure

US$2,223,291

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 ($USD2.22M) is above average for companies of similar size in the US market ($USD1.67M).

Compensation vs Earnings: Pat's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: VOXX's management team is seasoned and experienced (6.8 years average tenure).


Board Members

Experienced Board: VOXX's board of directors are seasoned and experienced ( 14.6 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 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
  • Implied Market Cap: US$200.591m
  • Shares outstanding: 23.94m
  • Website: https://www.voxxintl.com

Number of Employees


Location

  • VOXX International Corporation
  • 2351 J. Lawson Boulevard
  • Orlando
  • Florida
  • 32824
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/28 00:00
End of Day Share Price2022/05/27 00:00
Earnings2022/02/28
Annual Earnings2022/02/28


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.