Fox Factory Holding Corp

Consumer Discretionary
Motor Vehicles
www.ridefox.com

Earnings Score
Moat Score
Safety Score

Market Cap $1.28B
PE 119
Debt $591.07M
Cash $89.24M
EV $1.78B
FCF $55.28M

Earnings

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Sales & Net Margins

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Earnings	$10.74M
EBIT	$57.52M
ROE	1%
ROA	3%
FCF	$55.28M
Equity	$1.20B
Growth Stability	79%
PE	118.99
PEG	-12.67
PB	1.07
P/FCF	23.12
P/S	0.93
Price/Cash	0.07
Debt/Equity	0.49
Debt/FCF	10.69
Net Margins	1%
Gross Margins	30%
Op. Margins	4%
Earnings CAGR	16%
Sales Growth YoY	8%
Sales Growth QoQ	3%
Sales CAGR	21%
FCF CAGR	15%
Equity CAGR	31%
Earnings Stability	0.29
Earnings Growth YoY	-86%
Earnings Growth QoQ	-12%

Earnings CAGR 5Y	-9%
Sales CAGR 5Y	17%
FCF CAGR 5Y	30%
Equity CAGR 5Y	23%
Earnings CAGR 3Y	-1%
Sales CAGR 3Y	-1%
FCF CAGR 3Y	77%
Equity CAGR 3Y	11%
Market Cap	$1.28B
Revenue	$1.37B
Assets	$2.29B
Total Debt	$591.07M
Cash	$89.24M
Shares Outstanding	41.67M
EV	1.78B
Earnings Score	17%
Moat Score	28%
Safety Score	75%
Final Score	40%
Working Capital	558.46M
Current Ratio	3.21
Gross Profit	$413.86M
Shares Growth 3y	-0%
Equity Growth QoQ	0%
Equity Growth YoY	-4%

Assets & ROA

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Stockholders Equity & ROE

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Fox Factory Holding Corp is a designer, manufacturer, and marketer of performance-defining products and systems used primarily on bikes, Side-by-Sides, on-road vehicles with and without off-road capabilities, off-road vehicles and trucks, ATVs, snowmobiles, specialty vehicles and applications, motorcycles, and commercial trucks. Its business operates under the FOX, FOX RACING SHOX, and RACE FACE brands. Geographically, it derives a majority of revenue from North Americas and also has a presence in Asia, Europe, and the Rest of the World.

SEC Filings

Direct access to Fox Factory Holding Corp (FOXF) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 27
- 10-Q Jun 28
- 10-Q Mar 29
2023
- 10-K Dec 29
- 10-Q Sep 29
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 30
- 10-Q Sep 30
- 10-Q Jul 01
- 10-Q Apr 01

Sector Comparison

How does Fox Factory Holding Corp compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Fox Factory Holding Corp compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 16%

Stability 29%

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Fox Factory Holding Corp Discounted Cash Flow

Fully customizable DCF calculator online for Fox Factory Holding Corp.

Years

Calculation mode

= $1.6B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$55M	$63M	$73M	$84M	$96M	$111M	$127M	$146M	$168M	$192M	$221M	$2.2B
DCF		$58M	$60M	$63M	$66M	$69M	$72M	$75M	$78M	$82M	$85M	$852M
Value	$1.6B

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.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	01/2020	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	9%	7%	9%	9%	14%	12%	10%	13%	13%	8%	1%
ROA	-	13%	14%	16%	19%	19%	9%	13%	15%	7%	3%
ROE	-	16%	19%	18%	26%	22%	13%	18%	18%	10%	1%

Bad Net Margins (0.64%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

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.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	01/2020	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	2.61	2.64	2.19	1.89	0	15.69	38.3	0	2.88	10.69
Debt over Equity	0.41	0.33	0.38	0.29	0.21	0	0.57	0.45	0	0.31	0.49
Growth Stability	-	-	-	100%	100%	100%	100%	100%	100%	79%	79%

Bad Debt/FCF ratio (10.69)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Good Debt/Equity ratio (0.49)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (79%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

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.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	01/2020	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	20%	10%	18%	30%	21%	19%	46%	23%	-9%	17%
Earnings YoY growth	-	-10%	43%	21%	95%	11%	-3%	81%	25%	-41%	-9%
Equity YoY growth	-	18%	21%	27%	37%	31%	70%	24%	25%	9%	23%
FCF YoY growth	-	-32%	40%	17%	12%	-39%	22%	-60%	1K%	-8%	30%