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Fox Factory Holding (FOXF)
NASDAQ:FOXF
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Fox Factory Holding
(NASDAQ:FOXF)
63Neutral
Positive Factors
Earnings
Fourth quarter earnings per share were higher than expected, driven by better performance in the legacy bike and Powered Vehicle Group segments.
Market Recovery
Potential for stock sentiment to shift positively with improved sightlines to recovery in the high margin Bike business.
Product Innovation
FOXF is excited about new product innovation launches, including a fork and shock that should begin to contribute and help drive growth.
Negative Factors
Disappointing Outlooks
FOXF shares are under pressure due to multiple quarters of disappointing outlooks and a significant year-to-date pullback.
Market Demand
FOXF expects the overall powered sports market to remain weak and PVG to be relatively flat, with current EBITDA margins in the low teens.
Sector Challenges
Challenges across the automotive sector may lead to choppy quarters, potentially testing new lows for the stock.
Fox Factory Holding (FOXF) vs. S&P 500 (SPY)
Market Cap
$840.09M
Dividend YieldN/A
Average Volume (3M)609.18K
Price to Earnings (P/E)128.4
Beta (1Y)0.89
Revenue Growth-4.80%
EPS Growth-94.50%
CountryUS
Employees4,100
SectorConsumer Cyclical
Sector Strength58
IndustryAuto - Parts
Share Statistics
EPS (TTM)0.23
Shares Outstanding41,712,444
10 Day Avg. Volume421,627
30 Day Avg. Volume609,180
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.00
Price to Cash Flow (P/CF)0.00
P/FCF Ratio0.00
Enterprise Value/Market Cap2.38
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit4.71
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$31.50Price Target Upside47.54% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
Fox Factory Holding Business Overview & Revenue Model
Company DescriptionFox Factory Holding Corp. designs, engineers, manufactures, and markets ride dynamics products worldwide. The company offers mid-end and high-end front fork and rear suspension products for mountain bikes, road bikes, and e-bikes; and 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. It also provides mountain and road bike wheels, and other performance cycling components, including cranks, chain rings, pedals, bars, stems, and seat posts, as well as sells aftermarket products to dealers and distributors. The company offers powered vehicles under the FOX, BDS Suspension, Zone Offroad, JKS Manufacturing, RT Pro UTV, 4x4 Posi-Lok, Ridetech, Tuscany, Outside Van, and SCA brands; and mountain bikes and road bikes under the FOX, Race Face, Easton Cycling, and Marzocchi brands. Fox Factory Holding Corp. was incorporated in 2007 and is headquartered in Duluth, Georgia.
How the Company Makes MoneyFox Factory Holding Corp generates revenue through the design, manufacture, and sale of its high-performance suspension products and systems. The company's primary revenue streams are the sale of suspension products for bicycles and powered vehicles. These sales occur through a combination of original equipment manufacturer (OEM) partnerships and aftermarket channels. OEM partnerships with leading vehicle manufacturers allow Fox Factory to provide customized suspension solutions that are integrated into new vehicles. Aftermarket sales target consumers looking to upgrade or replace their current suspension systems. The company also benefits from its strong brand presence and reputation for quality, which drive demand and enable premium pricing. In addition, strategic acquisitions have expanded its product offerings and market reach, contributing further to its revenue growth.
Fox Factory Holding Financial Statement Overview
Summary
Fox Factory Holding demonstrates a mixed financial performance. While the income statement reflects challenges in revenue growth and profit margins, the balance sheet shows a stable equity position with manageable debt levels. The cash flow statement underscores strong operating cash generation. The company should focus on improving revenue growth and profitability to strengthen its financial position further.Income Statement
Fox Factory Holding experienced fluctuating revenue with recent declines, showing a negative revenue growth rate. Gross and net profit margins have decreased over time, indicating pressure on profitability. However, the company maintains a reasonable EBIT and EBITDA margin, suggesting that operational efficiency remains relatively robust.―
Balance Sheet
The balance sheet reflects moderate financial stability, with a decreasing debt-to-equity ratio and a consistent equity ratio. The return on equity has declined, pointing to reduced profitability for shareholders. Overall, the company has maintained a stable equity position, despite some fluctuations in total assets and liabilities.70
Cash Flow
Fox Factory Holding shows strong operating cash flow relative to net income, indicating effective cash generation from its operations. Free cash flow has shown volatility, but the company has managed to maintain a positive free cash flow to net income ratio. Despite fluctuations in investing and financing activities, the cash flow position remains relatively stable.―
| Breakdown | ||||
| Mar 2025 | Dec 2023 | Dec 2022 | Dec 2021 | Mar 2021 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 1.39B | 1.46B | 1.60B | 1.30B | 890.55M | Gross Profit |
| 423.58M | 464.81M | 531.34M | 432.33M | 289.55M | EBIT |
| 57.67M | 160.09M | 246.70M | 196.91M | 114.15M | EBITDA |
| 57.67M | 216.59M | 291.94M | 196.91M | 147.75M | Net Income Common Stockholders |
| 6.55M | 120.85M | 205.28M | 163.82M | 90.67M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 71.67M | 83.64M | 145.25M | 179.69M | 245.76M | Total Assets |
| 2.23B | 2.24B | 1.62B | 1.52B | 1.29B | Total Debt |
| 24.29M | 757.64M | 210.31M | 378.45M | 389.59M | Net Debt |
| -47.39M | 674.00M | 65.06M | 198.77M | 143.82M | Total Liabilities |
| 1.03B | 1.02B | 496.95M | 621.65M | 567.39M | Stockholders Equity |
| 1.20B | 1.22B | 1.12B | 894.08M | 719.17M |
| Cash Flow | Free Cash Flow | |||
| 87.79M | 131.89M | 143.39M | 10.44M | 25.97M | Operating Cash Flow |
| 131.83M | 178.74M | 187.09M | 65.29M | 82.72M | Investing Cash Flow |
| -76.29M | -750.40M | -44.73M | -106.73M | -388.52M | Financing Cash Flow |
| -67.33M | 508.98M | -179.14M | -24.10M | 506.72M |
Fox Factory Holding Technical Analysis
Neutral
21.35
Price Trends
22.89
Negative
25.53
Negative
32.11
Negative
Market Momentum
-0.50
Negative
50.60
Neutral
50.64
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FOXF, the sentiment is Neutral. The current price of 21.35 is above the 20-day moving average (MA) of 20.32, below the 50-day MA of 22.89, and below the 200-day MA of 32.11, indicating a neutral trend. The MACD of -0.50 indicates Negative momentum. The RSI at 50.60 is Neutral, neither overbought nor oversold. The STOCH value of 50.64 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for FOXF.
Fox Factory Holding Risk Analysis
Fox Factory Holding disclosed 64 risk factors in its most recent earnings report. Fox Factory Holding reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Fox Factory Holding Peers Comparison
Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $924.41M | 19.50 | 22.48% | ― | 8.37% | -1.37% | |
77 Outperform | $589.01M | 9.04 | 26.52% | 4.61% | 1.14% | 127.04% | |
73 Outperform | $619.86M | 10.86 | 9.00% | 4.18% | 13.53% | -4.76% | |
67 Neutral | $793.71M | 16.14 | 7.74% | ― | -0.51% | 9.10% | |
63 Neutral | $840.09M | 128.36 | 0.54% | ― | -4.80% | -94.50% | |
61 Neutral | $6.59B | 11.77 | 3.06% | 3.98% | 2.56% | -20.85% | |
60 Neutral | $1.06B | 805.10 | -14.33% | ― | -5.33% | -292.58% |
* Consumer Cyclical Sector Average
Performance Comparison
FOXF
Fox Factory Holding
21.35
-26.15
-55.05%
PLOW
Douglas Dynamics
26.75
2.59
10.72%
SMP
Standard Motor Products
28.61
-2.74
-8.74%
THRM
Gentherm
26.60
-23.93
-47.36%
ADNT
Adient
13.77
-15.14
-52.37%
XPEL
XPEL
37.62
3.46
10.13%
Fox Factory Holding Earnings Call Summary
Earnings Call Date:May 08, 2025
(Q1-2025)
| % Change Since: 0.00%|
Next Earnings Date:Jul 31, 2025
Earnings Call Sentiment Neutral
The earnings call highlighted strong revenue growth and margin improvements across various segments. However, these were overshadowed by a significant goodwill impairment and associated net loss, along with ongoing challenges posed by tariffs. The balance between positive operational achievements and substantial financial setbacks suggests a cautious outlook.Q1-2025 Updates
Positive Updates
Strong Revenue Growth
First quarter sales exceeded expectations at $355 million, representing a growth of 6.5% over the prior year.
Gross Margin Improvement
Achieved a 200 basis point sequential increase in gross margin to 30.9%.
Aftermarket Applications Group Performance
Delivered top-line growth with net sales increasing 9.9% and a sequential adjusted EBITDA margin improvement of 330 basis points.
Specialty Sports Group Growth
Net sales increased 6.6%, with strong performance in the bike business and Marucci.
Operational Efficiency
Implemented cost optimization strategies aimed at realizing $25 million in savings, with significant progress in manufacturing footprint consolidation.
Negative Updates
Goodwill Impairment
A non-cash goodwill impairment charge of $22 million impacted total operating expenses.
Net Loss
Reported a net loss of $259.7 million or negative $6.23 per diluted share, primarily due to the goodwill impairment.
Adjusted Net Income Decline
Adjusted net income decreased to $9.8 million or $0.23 per diluted share from $11.9 million or $0.29 per diluted share in the previous year.
Tariff Uncertainty
Tariffs posed significant challenges with potential gross impact estimated at $50 million for the full year.
Company Guidance
In the first quarter of fiscal year 2025, Fox Factory Holding Corp reported sales of $355 million, reflecting a 6.5% growth over the prior year. The company's adjusted earnings per share were $0.23, in line with expectations. Notably, gross margin improved by 200 basis points to 30.9%, driven by strategic cost management initiatives. Adjusted EBITDA was reported at $39.6 million, with a margin of 11.2%. The Powered Vehicles Group saw a 3.4% increase in net sales to $122.1 million, while the Aftermarket Applications Group experienced a 9.9% sales rise to $111.9 million. The Specialty Sports Group reported a 6.6% sales increase to $121 million. The company reaffirmed its full-year guidance, anticipating revenue between $1,385 million and $1,485 million and adjusted earnings per diluted share ranging from $1.60 to $2.60, despite potential tariff impacts estimated at a gross effect of $50 million annually.Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.