Fox Factory Piotroski F Score

FOXF
 Stock
  

USD 102.63  6.67  6.10%   

This module uses fundamental data of Fox Factory to approximate its Piotroski F score. Fox Factory F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Fox Factory Holding. These three categories are profitability, efficiency, and funding. Some research analysts and sophisticated value traders use Piotroski F Score to find opportunities outside of the conventional market and financial statement analysis.They believe that some of the new information about Fox Factory financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Please check Fox Factory Altman Z Score, Fox Factory Correlation, Fox Factory Valuation, as well as analyze Fox Factory Alpha and Beta and Fox Factory Hype Analysis.
  
Fox Factory Debt Current is projected to increase significantly based on the last few years of reporting. The past year's Debt Current was at 17.5 Million. The current year Debt Non Current is expected to grow to about 389.4 M, whereas Issuance Repayment of Debt Securities is forecasted to decline to (12.8 M). Fox Factory Calculated Tax Rate is projected to decrease significantly based on the last few years of reporting. The past year's Calculated Tax Rate was at 13.04. The current year PPandE Turnover is expected to grow to 7.53, whereas Accounts Payable Turnover is forecasted to decline to 12.27.
At this time, it appears that Fox Factory's Piotroski F Score is Poor. Although some professional money managers and academia have recently criticized Piotroski F-Score model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
4.0
Piotroski F Score - Poor
1
Current Return On AssetsPositiveFocus
2
Change in Return on AssetsDecreasedFocus
3
Cash Flow Return on AssetsPositiveFocus
4
Current Quality of Earnings (accrual)DecreasingFocus
5
Asset Turnover GrowthIncreaseFocus
6
Current Ratio ChangeDecreaseFocus
7
Long Term Debt Over Assets ChangeHigher LeverageFocus
8
Change In Outstending SharesDecreaseFocus
9
Change in Gross MarginNo ChangeFocus

Fox Factory Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Fox Factory is to make sure Fox Factory is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Fox Factory's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if Fox Factory's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares Diluted38 M42.4 M
Moderately Down
Increasing
Slightly volatile
Weighted Average Shares37.4 M42 M
Fairly Down
Increasing
Slightly volatile
Return on Average Assets11.5111.6917
Fairly Down
Decreasing
Very volatile
Net Cash Flow from Operations52.4 M65.3 M
Significantly Down
Increasing
Slightly volatile
Current Liabilities248 M229.9 M
Significantly Up
Increasing
Slightly volatile
Total Liabilities670.7 M621.6 M
Significantly Up
Increasing
Slightly volatile
Gross Margin30.5433.2803
Significantly Down
Increasing
Slightly volatile
Total Debt408.3 M378.5 M
Significantly Up
Increasing
Slightly volatile
Asset Turnover1.260.9297
Significantly Up
Decreasing
Slightly volatile
Current Assets781.9 M724.7 M
Significantly Up
Increasing
Slightly volatile
Total Assets1.6 B1.5 B
Significantly Up
Increasing
Slightly volatile

Fox Factory Holding F Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to project the various growth rates. Understanding the correlation between Fox Factory's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Fox Factory in a much-optimized way.

About Fox Factory Piotroski F Score

F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.

Book Value per Share

22.96

Fox Factory Book Value per Share is projected to increase significantly based on the last few years of reporting. The past year's Book Value per Share was at 21.28

About Fox Factory Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Fox Factory Holding's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Fox Factory using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Fox Factory Holding based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Fox Factory Holding Corp. designs, engineers, manufactures, and markets ride dynamics products worldwide. Fox Factory Holding Corp. was incorporated in 2007 and is headquartered in Duluth, Georgia. Fox Factory operates under Auto Parts classification in the United States and is traded on NASDAQ Exchange. It employs 4200 people.

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Please check Fox Factory Altman Z Score, Fox Factory Correlation, Fox Factory Valuation, as well as analyze Fox Factory Alpha and Beta and Fox Factory Hype Analysis. You can also try Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.

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Is Fox Factory's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Fox Factory. If investors know Fox Factory will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Fox Factory listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
0.17
Market Capitalization
4.5 B
Quarterly Revenue Growth YOY
0.18
Return On Assets
0.0913
Return On Equity
0.2
The market value of Fox Factory Holding is measured differently than its book value, which is the value of Fox Factory that is recorded on the company's balance sheet. Investors also form their own opinion of Fox Factory's value that differs from its market value or its book value, called intrinsic value, which is Fox Factory's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Fox Factory's market value can be influenced by many factors that don't directly affect Fox Factory's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Fox Factory's value and its price as these two are different measures arrived at by different means. Investors typically determine Fox Factory value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fox Factory's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.