Fox Factory (FOXF) versus Its Competitors Head-To-Head Review

Fox Factory (NASDAQ:FOXF) is one of 148 public companies in the “Automobile Components” industry, but how does it contrast to its peers? We will compare Fox Factory to related businesses based on the strength of its earnings, institutional ownership, analyst recommendations, profitability, valuation, risk and dividends.

Volatility and Risk

Fox Factory has a beta of 1.39, meaning that its share price is 39% more volatile than the S&P 500. Comparatively, Fox Factory’s peers have a beta of 3.87, meaning that their average share price is 287% more volatile than the S&P 500.

Insider and Institutional Ownership

48.4% of shares of all “Automobile Components” companies are held by institutional investors. 0.9% of Fox Factory shares are held by company insiders. Comparatively, 19.6% of shares of all “Automobile Components” companies are held by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company will outperform the market over the long term.

Profitability

This table compares Fox Factory and its peers’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Fox Factory	-20.39%	5.57%	2.37%
Fox Factory Competitors	-41.06%	-0.47%	-2.05%

Analyst Recommendations

This is a breakdown of current ratings and price targets for Fox Factory and its peers, as reported by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Fox Factory	2	3	1	1	2.14
Fox Factory Competitors	1087	4496	6133	202	2.46

Fox Factory presently has a consensus price target of $19.60, suggesting a potential upside of 10.11%. As a group, “Automobile Components” companies have a potential upside of 73.29%. Given Fox Factory’s peers stronger consensus rating and higher possible upside, analysts clearly believe Fox Factory has less favorable growth aspects than its peers.

Valuation & Earnings

This table compares Fox Factory and its peers gross revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Fox Factory	$1.47 billion	-$544.58 million	-2.49
Fox Factory Competitors	$6.50 billion	$70.54 million	4.93

Fox Factory’s peers have higher revenue and earnings than Fox Factory. Fox Factory is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.

Summary

Fox Factory peers beat Fox Factory on 9 of the 13 factors compared.

About Fox Factory

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, 4×4 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.