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Fox Factory Holding Corp (FOXF)
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Upturn Advisory Summary
01/14/2025: FOXF (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit -18.42% | Avg. Invested days 36 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance 3.0 | Stock Returns Performance 1.0 |
Profits based on simulation | Last Close 01/14/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.16B USD | Price to earnings Ratio 109.12 | 1Y Target Price 39.88 |
Price to earnings Ratio 109.12 | 1Y Target Price 39.88 | ||
Volume (30-day avg) 801742 | Beta 1.66 | 52 Weeks Range 26.76 - 69.47 | Updated Date 01/14/2025 |
52 Weeks Range 26.76 - 69.47 | Updated Date 01/14/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.25 |
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 0.78% | Operating Margin (TTM) 5.36% |
Management Effectiveness
Return on Assets (TTM) 2.19% | Return on Equity (TTM) 0.88% |
Valuation
Trailing PE 109.12 | Forward PE 15.24 | Enterprise Value 1832949042 | Price to Sales(TTM) 0.84 |
Enterprise Value 1832949042 | Price to Sales(TTM) 0.84 | ||
Enterprise Value to Revenue 1.33 | Enterprise Value to EBITDA 13.85 | Shares Outstanding 41683400 | Shares Floating 41511660 |
Shares Outstanding 41683400 | Shares Floating 41511660 | ||
Percent Insiders 0.43 | Percent Institutions 110.69 |
AI Summary
Fox Factory Holding Corp. (FOXF): A Comprehensive Overview
This report provides a comprehensive overview of Fox Factory Holding Corp. (FOXF), including its history, products, market share, financials, growth trajectory, competitive landscape, and future prospects.
Company Profile:
History: Fox Factory Holding Corp. was founded in 1974 as Fox Racing Shox. The company initially focused on designing and manufacturing suspension components for motorcycles and bicycles. Over time, it expanded its product portfolio to include performance suspension systems for off-road vehicles, trucks, and snowmobiles.
Core Business Areas:
- Powersports: Suspension systems for motorcycles, ATVs, UTVs, snowmobiles, and bicycles.
- Commercial Vehicles: Suspension systems for trucks, SUVs, and commercial vehicles.
- Aftermarket: Performance suspension upgrades and accessories for automotive and powersports enthusiasts.
Leadership Team and Corporate Structure: The company is led by CEO and President, Michael Dennison, and a team of experienced executives with expertise in engineering, manufacturing, and finance. The corporate structure consists of three main segments: Powersports, Commercial Vehicles, and Aftermarket.
Top Products and Market Share:
- Motocross Suspension: Fox Factory is a leading player in the motocross suspension market, with a strong reputation for quality and performance.
- Off-Road Vehicle Suspension: The company also holds a significant market share in the off-road vehicle suspension market, supplying suspension systems to major OEMs like Ford, GM, and Toyota.
- Performance Shocks and Forks: Fox Factory offers a wide range of performance shocks and forks for the aftermarket, catering to enthusiast demand for improved handling and ride quality.
Global Market Share:
The global market for suspension components is estimated to be worth over $20 billion. Fox Factory holds a significant market share in several key segments, including motocross suspension, off-road vehicle suspension, and mountain bike suspension.
Financial Performance:
- Revenue: Fox Factory has experienced steady revenue growth in recent years, reaching $577.9 million in fiscal year 2022.
- Net Income: Net income has also grown steadily, reaching $58.1 million in fiscal year 2022.
- Profit Margins: Profit margins have remained stable, with a gross margin of 41.1% and an operating margin of 12.8% in fiscal year 2022.
- Earnings per Share (EPS): EPS has grown from $0.77 in fiscal year 2018 to $2.03 in fiscal year 2022.
Dividends and Shareholder Returns:
- Dividend History: Fox Factory has paid a quarterly dividend since 2016, with a current annual payout of $0.80 per share.
- Shareholder Returns: Total shareholder returns have been strong over the past five years, with an annualized return of over 20%.
Growth Trajectory:
- Historical Growth: Fox Factory has experienced consistent revenue and earnings growth over the past five years.
- Future Growth: The company expects continued growth in the coming years, driven by increasing demand for off-road vehicles, performance upgrades, and new product launches.
Market Dynamics:
- Industry Trends: The suspension components market is driven by increasing demand for off-road vehicles, performance upgrades, and new technologies.
- Company Positioning: Fox Factory is well-positioned to capitalize on these trends with its strong brand reputation, product innovation, and global reach.
Competitors:
- Key Competitors: Fox Factory's main competitors include KYB Corporation, Showa Corporation, and Öhlins Racing.
- Market Share Comparison: Fox Factory holds a market share lead in several key segments, but faces stiff competition from these global players.
- Competitive Advantages: Fox Factory's competitive advantages include its strong brand reputation, product innovation, and close relationships with OEMs.
Potential Challenges and Opportunities:
- Challenges: Supply chain disruptions, rising material costs, and increased competition are potential challenges for Fox Factory.
- Opportunities: New product launches, expansion into new markets, and strategic partnerships present opportunities for continued growth.
Recent Acquisitions (last 3 years):
- 2021: Fox Factory acquired RAD, a manufacturer of premium mountain bike suspension components.
- 2023: Fox Factory acquired Walker Evans Racing, a leading manufacturer of high-performance shocks and struts for off-road vehicles.
AI-Based Fundamental Rating:
Based on an analysis of financial health
About NVIDIA Corporation
Exchange NASDAQ | Headquaters Duluth, GA, United States | ||
IPO Launch date 2013-08-12 | CEO & Director Mr. Michael C. Dennison | ||
Sector Consumer Cyclical | Industry Auto Parts | Full time employees 4300 | Website https://www.ridefox.com |
Full time employees 4300 | Website https://www.ridefox.com |
Fox Factory Holding Corp. designs, engineers, manufactures, and markets performance-defining products and system worldwide. The company offers powered vehicle products for side-by-side vehicles, on-road vehicles with and without off-road capabilities, off-road vehicles and trucks, all-terrain vehicles, snowmobiles, and specialty vehicles and applications, such as military, motorcycles, and commercial trucks; lift kits and components with shock products and aftermarket accessory packages for trucks; and mid-end and high-end front fork and rear suspension products. It also provides suspension tuning services, as well as wheels, off-road tires and accessories. In addition, the company offers mountain and gravel bike wheels, and other performance cycling components, including cranks, chainrings, pedals, bars, stems, and seat posts, as well as baseball and softball products comprising metal bats, wood bats, apparel and accessories, batting gloves, fielding gloves, and bags and protective equipment under the Marucci brand. The company serves aftermarket applications products under the BDS Suspension, Zone Offroad, JKS Manufacturing, RT Pro UTV, 4x4 Posi-Lok, Ridetech, Tuscany, Outside Van, SCA, and Custom Wheel House brands; and mountain bikes, e-bikes, and gravel bikes under the FOX, Race Face, Easton Cycling, and Marzocchi brands. Fox Factory Holding Corp. was incorporated in 2007 and is based in Duluth, Georgia.
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