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FNKO

Funko NasdaqGS:FNKO Stock Report

Last Price

US$24.16

Market Cap

US$1.2b

7D

20.2%

1Y

9.8%

Updated

24 Jun, 2022

Data

Company Financials +
FNKO fundamental analysis
Snowflake Score
Valuation4/6
Future Growth4/6
Past Performance5/6
Financial Health5/6
Dividends0/6

FNKO Stock Overview

Funko, Inc., a pop culture consumer products company, designs, sources, and distributes licensed pop culture products in the United States, Europe, and internationally.

Funko Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Funko
Historical stock prices
Current Share PriceUS$24.16
52 Week HighUS$25.08
52 Week LowUS$15.28
Beta2.09
1 Month Change28.79%
3 Month Change41.54%
1 Year Change9.82%
3 Year Change-0.25%
5 Year Changen/a
Change since IPO241.73%

Recent News & Updates

Jun 19

Funko: A Big Vote Of Confidence And Strong Returns

Funko has surged in price since I last wrote about the company. This move higher was due to a couple of important catalysts, combined with strong fundamental performance. Shares also look incredibly cheap and a case could be made that the company warrants significantly more upside.

Jun 08
These 4 Measures Indicate That Funko (NASDAQ:FNKO) Is Using Debt Reasonably Well

These 4 Measures Indicate That Funko (NASDAQ:FNKO) Is Using Debt Reasonably Well

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Shareholder Returns

FNKOUS Retail DistributorsUS Market
7D20.2%6.7%6.6%
1Y9.8%-3.8%-18.5%

Return vs Industry: FNKO exceeded the US Retail Distributors industry which returned -5.5% over the past year.

Return vs Market: FNKO exceeded the US Market which returned -20.5% over the past year.

Price Volatility

Is FNKO's price volatile compared to industry and market?
FNKO volatility
FNKO Average Weekly Movement11.1%
Retail Distributors Industry Average Movement8.6%
Market Average Movement8.0%
10% most volatile stocks in US Market16.6%
10% least volatile stocks in US Market3.1%

Stable Share Price: FNKO is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: FNKO's weekly volatility (11%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20171,138Andrew Perlmutterhttps://www.funko.com

Funko, Inc., a pop culture consumer products company, designs, sources, and distributes licensed pop culture products in the United States, Europe, and internationally. The company provides vinyl, blind-packed miniature, and action figures; fashion accessories, including bags, backpacks, and wallets; apparel, such as t-shirts and hats; board games, plush products, and accessories, such as keychains, pens, and pins; homewares, comprising drinkware, and other home accessories, non-fungible tokens, and others. It offers its products under the Funko, Pop!, Loungefly, Mystery Minis, Paka Paka, Vinyl Gold, Funko Soda, Funko Games, Funko action figures, Funko Plush, Funko Gold, and Popsies brand names; and licenses its properties under the classic evergreen, movie release, current TV, and current video game categories.

Funko Fundamentals Summary

How do Funko's earnings and revenue compare to its market cap?
FNKO fundamental statistics
Market CapUS$1.21b
Earnings (TTM)US$47.27m
Revenue (TTM)US$1.15b

23.8x

P/E Ratio

1.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FNKO income statement (TTM)
RevenueUS$1.15b
Cost of RevenueUS$737.10m
Gross ProfitUS$411.36m
Other ExpensesUS$364.09m
EarningsUS$47.27m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.02
Gross Margin35.82%
Net Profit Margin4.12%
Debt/Equity Ratio41.2%

How did FNKO perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is FNKO undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for FNKO?

Other financial metrics that can be useful for relative valuation.

FNKO key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.2x
Enterprise Value/EBITDA10.2x
PEG Ratio0.7x

Price to Earnings Ratio vs Peers

How does FNKO's PE Ratio compare to its peers?

FNKO PE Ratio vs Peers
The above table shows the PE ratio for FNKO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average31.7x

Price-To-Earnings vs Peers: FNKO is good value based on its Price-To-Earnings Ratio (23.8x) compared to the peer average (31.7x).


Price to Earnings Ratio vs Industry

How does FNKO's PE Ratio compare vs other companies in the Global Retail Distributors Industry?

Price-To-Earnings vs Industry: FNKO is expensive based on its Price-To-Earnings Ratio (23.8x) compared to the US Retail Distributors industry average (16.3x)


Price to Earnings Ratio vs Fair Ratio

What is FNKO's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

FNKO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio23.8x
Fair PE Ratio19.4x

Price-To-Earnings vs Fair Ratio: FNKO is expensive based on its Price-To-Earnings Ratio (23.8x) compared to the estimated Fair Price-To-Earnings Ratio (19.4x).


Share Price vs Fair Value

What is the Fair Price of FNKO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: FNKO ($24.16) is trading below our estimate of fair value ($85.31)

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


Price to Earnings Growth Ratio

PEG Ratio: FNKO is good value based on its PEG Ratio (0.7x)


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Future Growth

How is Funko forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


35.0%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FNKO's forecast earnings growth (35% per year) is above the savings rate (1.9%).

Earnings vs Market: FNKO's earnings (35% per year) are forecast to grow faster than the US market (13.9% per year).

High Growth Earnings: FNKO's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: FNKO's revenue (9.1% per year) is forecast to grow faster than the US market (8.3% per year).

High Growth Revenue: FNKO's revenue (9.1% 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 FNKO's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has Funko performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


22.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: FNKO has high quality earnings.

Growing Profit Margin: FNKO's current net profit margins (4.1%) are higher than last year (2.1%).


Past Earnings Growth Analysis

Earnings Trend: FNKO's earnings have grown significantly by 22.1% per year over the past 5 years.

Accelerating Growth: FNKO's earnings growth over the past year (223.7%) exceeds its 5-year average (22.1% per year).

Earnings vs Industry: FNKO earnings growth over the past year (223.7%) exceeded the Retail Distributors industry 67.1%.


Return on Equity

High ROE: FNKO's Return on Equity (17.4%) is considered low.


Discover strong past performing companies

Financial Health

How is Funko's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: FNKO's short term assets ($403.0M) exceed its short term liabilities ($238.5M).

Long Term Liabilities: FNKO's short term assets ($403.0M) exceed its long term liabilities ($317.1M).


Debt to Equity History and Analysis

Debt Level: FNKO's net debt to equity ratio (33.1%) is considered satisfactory.

Reducing Debt: FNKO's debt to equity ratio has reduced from 188.1% to 41.2% over the past 5 years.

Debt Coverage: FNKO's debt is not well covered by operating cash flow (16%).

Interest Coverage: FNKO's interest payments on its debt are well covered by EBIT (16x coverage).


Balance Sheet


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Dividend

What is Funko 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 FNKO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate FNKO'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 FNKO's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if FNKO'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 FNKO has not reported any payouts.


Discover strong dividend paying companies

Management

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

2.8yrs

Average management tenure


CEO

Andrew Perlmutter (44 yo)

0.42

Tenure

US$2,376,715

Compensation

Mr. Andrew Mark Perlmutter has been the President of Funko, LLC since October 04, 2017. Mr. Perlmutter serves as Chief Executive Officer & Director at Funko, Incorporated since January 03, 2022 and served...


CEO Compensation Analysis

Compensation vs Market: Andrew's total compensation ($USD2.38M) is below average for companies of similar size in the US market ($USD5.50M).

Compensation vs Earnings: Andrew's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: FNKO's management team is considered experienced (2.8 years average tenure).


Board Members

Experienced Board: FNKO's board of directors are considered experienced (5 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: FNKO insiders have only sold shares 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

Funko, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Funko, Inc.
  • Ticker: FNKO
  • Exchange: NasdaqGS
  • Founded: 2017
  • Industry: Distributors
  • Sector: Retail
  • Implied Market Cap: US$1.206b
  • Market Cap: US$1.123b
  • Shares outstanding: 50.01m
  • Website: https://www.funko.com

Number of Employees


Location

  • Funko, Inc.
  • 2802 Wetmore Avenue
  • Everett
  • Washington
  • 98201
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/24 00:00
End of Day Share Price2022/06/24 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.