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Funko, Inc.

FNKO

Games, Toys & Children's Vehicles (No Dolls & Bicycles)

Mkt Cap

$438.6M

PE

-3.45

Debt

$161.7M

Cash

$26.11M

EV

$574.2M

FCF

$49.17M

Market Cap

$438.6M

P/E Ratio

-3.45

Debt

$161.7M

Cash

$26.11M

EV

$574.2M

FCF

$49.17M
Charts data: {"Earnings":[{"time":"2016-12-30","value":26880000},{"time":"2017-12-30","value":3725000},{"time":"2018-12-30","value":9356000},{"time":"2019-12-30","value":11725000},{"time":"2020-12-30","value":3961000},{"time":"2021-12-30","value":43900000},{"time":"2022-12-30","value":-8035000},{"time":"2023-12-30","value":-164438000}],"Sales":[{"time":"2016-12-30","value":426717000},{"time":"2017-12-30","value":516084000},{"time":"2018-12-30","value":686073000},{"time":"2019-12-30","value":795122000},{"time":"2020-12-30","value":652537000},{"time":"2021-12-30","value":1029293000},{"time":"2022-12-30","value":1322706000},{"time":"2023-12-30","value":1096086000}],"Net Margins":[{"time":"2016-12-30","value":0.06299256884539402},{"time":"2017-12-30","value":0.00721781725455546},{"time":"2018-12-30","value":0.013637032793886365},{"time":"2019-12-30","value":0.014746164739499096},{"time":"2020-12-30","value":0.006070153876331917},{"time":"2021-12-30","value":0.04265063495039799},{"time":"2022-12-30","value":-0.0060746681424292326},{"time":"2023-12-30","value":-0.15002289966298266}],"Assets":[{"time":"2016-12-30","value":522237000},{"time":"2017-12-30","value":630313000},{"time":"2018-12-30","value":663019000},{"time":"2019-12-30","value":796467000},{"time":"2020-12-30","value":763590000},{"time":"2021-12-30","value":967503000},{"time":"2022-12-30","value":1091145000},{"time":"2023-12-30","value":804645000}],"Stockholders Equity":[{"time":"2016-12-30","value":217377000},{"time":"2017-12-30","value":281155000},{"time":"2018-12-30","value":296366000},{"time":"2019-12-30","value":305144000},{"time":"2020-12-30","value":322445000},{"time":"2021-12-30","value":396558000},{"time":"2022-12-30","value":389689000},{"time":"2023-12-30","value":238040000}],"ROE":[{"time":"2016-12-30","value":0.12365613657378656},{"time":"2017-12-30","value":0.013248919635076737},{"time":"2018-12-30","value":0.031569073375488414},{"time":"2019-12-30","value":0.038424481556248856},{"time":"2020-12-30","value":0.012284265533656902},{"time":"2021-12-30","value":0.11070259583717892},{"time":"2022-12-30","value":-0.020619006438467598},{"time":"2023-12-30","value":-0.690799865568812}],"ROA":[{"time":"2016-12-30","value":0.08453441636651558},{"time":"2017-12-30","value":0.06686360585931117},{"time":"2018-12-30","value":0.09584340720250853},{"time":"2019-12-30","value":0.05852470974943092},{"time":"2020-12-30","value":0.03083199098992915},{"time":"2021-12-30","value":0.09867152866709457},{"time":"2022-12-30","value":-0.010924304285864848},{"time":"2023-12-30","value":-0.03969576645601476}]}

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 media and entertainment content, including movies, television (TV) shows, video games, music, and sports; fashion accessories, including handbags, backpacks, wallets, clothing, and other accessories; and figures, apparel, board games, accessories, plush products, homewares, vinyl records and art prints, posters, and digital non-fungible tokens, as well as creates soundtracks, toys, books, games, and other collectibles. It markets its products under the Pop!, Loungefly, Funko, Mystery Minis, Paka Paka, Popsies, Vinyl Gold, Funko Soda, Funko Games, Funko action figures, Funko Plush, and Funko Gold brand names; and licenses its properties under the classic evergreen, movie release, current TV, and current video game categories. The company sells its products through specialty retailers, mass-market retailers, e-commerce sites, and distributors; and at specialty licensing and comic book shows, conventions, and exhibitions, as well as through its e-commerce business. Funko, Inc. was incorporated in 2017 and is headquartered in Everett, Washington.

Sector

  • HAS Logo

    HAS

Growth

%

%

Discount

%

%

Multiple

g\r+10%+11%+12%+13%+14%
0%109887
+1%1110988
+2%13111098
+3%141311109
+4%1714121110
Years012345678910TV
FCF$49.17M$63.92M$81.32M$101.2M$123.1M$146.4M$170M$192.6M$213M$229.5M$241M$2.41B
DCF$55.58M$61.49M$66.54M$70.4M$72.78M$73.48M$72.42M$69.62M$65.25M$59.57M$595.7M
Value$1.263B

In the chart Earnings are multiplied by this value.

Earnings Growth 24%
Earnings Stability -25%


Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years12-201612-201712-201812-201912-202012-202112-202212-2023TTM
Net Margin6.3%0.72%1.4%1.5%0.61%4.3%-0.61%-15%-12%
ROA8.5%6.7%9.6%5.9%3.1%9.9%-1.1%-4%2.4%
ROE12%1.3%3.2%3.8%1.2%11%-2.1%-69%-58%

What is the average Net Margin?

The average Net Margin over the past 5 years is -1.32%.

What is the trend of Net Margin?

The trend of Net Margin over the past 5 years is -2.41%.

What is the average Return on Assets (ROA)?

The average ROA over the past 5 years is +3.89%.

What is the trend of Return on Assets (ROA)?

The trend of ROA over the past 5 years is -2.34%.

What is the average Return on Equity (ROE)?

The average ROE over the past 5 years is -8.64%.

What is the trend of Return on Equity (ROE)?

The trend of ROE over the past 5 years is -10.54%.


Safety & Stabiliy

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years12-201612-201712-201812-201912-202012-202112-202212-2023TTM
Debt FCF7.72-23.7610.294.752.273.20-1.99-41.743.29
Debt Equity1.000.820.800.750.620.480.510.740.74
MIN
Graham Stability---88%48%100%-40%-1.2K%-1.2K%

What is the Debt/FCF?

The Debt/FCF trailing twelve month is 3.29.

What is the trend of Debt/FCF?

The trend of Debt/FCF over the past 5 years is -7.98.

What is the Graham’s Stability?

Graham’s Stability measure stands at -12.39.


Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years12-201612-201812-202012-2022Trend
Revenue14%9.8%19%-17%-2.9%
Net Income----200%
Stockholders Equity1.3%-4.3%-9.6%-39%-7.1%
FCF-----71%

What is the 5 year Revenue CAGR?

The Revenue CAGR over the past 5 years is +9.82%.

What is the trend of Revenue growth?

The trend of Revenue growth rate over the past 5 years is -2.9%.

What is the 5 year Earnings CAGR?

The Earnings CAGR over the past 5 years is -.

What is the trend of Earnings growth?

The trend of Earnings growth rate over the past 5 years is +197.15%.

What is the 5 year Equity CAGR?

The Equity CAGR over the past 5 years is -4.29%.

What is the trend of Equity growth?

The trend of Equity growth rate over the past 5 years is -7.11%.

What is the 5 year FCF CAGR?

The FCF CAGR over the past 5 years is -.

What is the trend of FCF growth?

The trend of FCF growth rate over the past 5 years is -71.29%.