VOXX International (NasdaqGS:VOXX) - Share price, News & Analysis

VOXX fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	3/6
Past Performance	0/6
Financial Health	6/6
Dividends	0/6

VOXX Stock Overview

Rewards

Trading at 84.6% below our estimate of its fair value

Earnings are forecast to grow 44.63% per year

Risk Analysis

No risks detected for VOXX from our risk checks.

VOXX International Competitors

Sonos

NasdaqGS:SONO

US$2.8b

VIZIO Holding

NYSE:VZIO

US$1.5b

Universal Electronics

NasdaqGS:UEIC

US$343.2m

Singing Machine Company

OTCPK:SMDM

US$7.3m

Price History & Performance

Summary of all time highs, changes and price drops for VOXX International
Historical stock prices
Current Share Price	US$6.23
52 Week High	US$17.05
52 Week Low	US$6.07
Beta	1.32
1 Month Change	-28.96%
3 Month Change	-48.64%
1 Year Change	-62.70%
3 Year Change	49.40%
5 Year Change	5.59%
Change since IPO	149.20%

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?

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

Shareholder Returns

	VOXX	US Consumer Durables	US Market
7D	-16.3%	-13.1%	-10.1%
1Y	-62.7%	-28.7%	-10.8%

Return vs Industry: VOXX underperformed the US Consumer Durables industry which returned -28.7% over the past year.

Return vs Market: VOXX underperformed the US Market which returned -10.8% over the past year.

Price Volatility

Is VOXX's price volatile compared to industry and market?
VOXX volatility
VOXX Average Weekly Movement	6.7%
Consumer Durables Industry Average Movement	7.5%
Market Average Movement	7.7%
10% most volatile stocks in US Market	16.4%
10% least volatile stocks in US Market	2.8%

Stable Share Price: VOXX is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: VOXX's weekly volatility (7%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1960	917	Pat Lavelle	https://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; satellite radios; smart phone telematics applications; automotive security, vehicle access, and remote start systems; 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; 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 Cap	US$148.74m
Earnings (TTM)	-US$15.65m
Revenue (TTM)	US$634.56m

0.2x

P/S Ratio

-9.5x

P/E Ratio

Is VOXX overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
VOXX income statement (TTM)
Revenue	US$634.56m
Cost of Revenue	US$466.61m
Gross Profit	US$167.95m
Other Expenses	US$183.60m
Earnings	-US$15.65m

Last Reported Earnings

Nov 30, 2021

Next Earnings Date

May 16, 2022

Earnings per share (EPS)	-0.66
Gross Margin	26.47%
Net Profit Margin	-2.47%
Debt/Equity Ratio	3.6%

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 ($6.23) is trading below our estimate of fair value ($40.58)

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 PE Ratio to the US 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 (0.4x) compared to the US Consumer Durables industry average (1.2x).

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

44.6%

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 (4.5% per year) is forecast to grow slower than the US market (7.8% per year).

High Growth Revenue: VOXX's revenue (4.5% 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

12.0%

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, but has reduced losses over the past 5 years at a rate of 12% 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 (47.9%).

Return on Equity

High ROE: VOXX has a negative Return on Equity (-5.81%), as it is currently unprofitable.

Financial Health

How is VOXX International's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

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 ($345.1M) exceed its short term liabilities ($220.9M).

Long Term Liabilities: VOXX's short term assets ($345.1M) exceed its long term liabilities ($36.5M).

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 29.8% 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: Whilst unprofitable VOXX has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: VOXX is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 30.7% per 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.

Next Steps

Explore strong dividend paying companies in the Consumer Durables industry.

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 ($USD2.22M) is above average for companies of similar size in the US market ($USD787.50K).

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.

Data	Last Updated (UTC time)
Company Analysis	2022/05/12 00:00
End of Day Share Price	2022/05/12 00:00
Earnings	2021/11/30
Annual Earnings	2021/02/28