Analysts' sentiment towards Fox Factory Holding has declined substantially, with a significant drop in revenue estimates and a serious decline in EPS numbers. The company's high debt burden combined with the downgrade gives reason for concern.
Despite declining earnings, the company's P/E ratio aligns with the market, indicating investor hope for a business turnaround. However, analysts doubt this, predicting future earnings won't sustain positive sentiment, making current prices seem unreasonable.
Fox Factory Holding's lower growth forecast might lead to a higher P/E, hinting at a possible share price decline. Stubborn investor retention at these prices could further drag the share value down.
Insider selling often calls for further probe by shareholders. A large sale at a high price doesn't necessarily reveal insiders' sentiment about current share price. The lack of insider ownership compared to other firms leads to less enthusiasm.
Despite a positive week, long-term returns for shareholders remain in the red, indicating potential unresolved issues. Investors are urged to heed the 1 warning sign for Fox Factory Holding.
Fox Factory's CEO voiced concerns about ongoing inventory issues and stressed that UAW strikes have hurt sales. Analysts remain skeptical about the Marucci Sports acquisition, yet Dennison sees potential synergies in metallurgy.
Fox Factory股票討論區
新增數據:2022後兩季度及全年,2023前兩季度
2022年營收增長23.45,營業利潤增長25.3%,淨利潤增長25.3%,利息負擔可以忽略。
2023前兩季度營收增長2%,營業利潤下滑13.85,淨利潤下滑19.7%。
2022年資產負債率從41%下降到30.7%,2023Q2提高到32.8%。
應收和存貨的比例和增速都比較健康,商譽及其他無形資產6億,佔12.06億淨資產的50%,長期借款3.25億,佔淨資產的27%,槓桿率不高。
目前市盈率23.3,市盈率TTM提高到了25.9,考慮到近期的萎縮趨勢,平倉了結。
5年來毛利率基本在32.3%左右,淨資產回報率除2020年16%以外均保持在20%以上,兩個指標都不錯。
營收、營業利潤均保持5年增長,淨利潤除2020年外增長了4年,其中2021年分別暴漲46%,73%和79%。
淨利潤5年平均增速為37%,近三年為24%。
暴漲後要關注持續性,2022前兩季度營收增長28.8%,營業利潤增長26.4%,淨利潤增長23.5%,增長還在持續。
利潤表顯示2021年利息費用佔營業利潤的4%,負擔很低,其它科目很少,利潤表很乾淨。
資產負債率5年來從45.2%逐步下降到41.7%,資產負債表顯示應收帳款和存貨比例正常,但存貨明顯增長過快,2021年增加1.5億,接近2021年淨利潤1.64億。不過考慮到營收增長絕對值,還可以接受。
商譽3.24億,佔淨資產10.02億的32%,長期借款4.1億,佔淨資產的41%,槓桿率還可以接受。
5年來經營淨額低於投資淨額,沒有產生股東盈餘。
目前市...
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