Foxx Development Holdings Inc. (NASDAQ: FOXX)

Sector: Technology Industry: Consumer Electronics CIK: 0002013807
Market Cap 32.15 Mn
P/B -2.72
P/E -2.10
P/S 0.52
ROIC (Qtr) -76.82
Div Yield % 0.00
Rev 1y % (Qtr) -4.37
Total Debt (Qtr) 21.12 Mn
Debt/Equity (Qtr) -1.79
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About

Investment thesis

Bull case

  • Robust free cash flow of (2.14M) exceeds capital expenditure of (36926) by 57.97x, indicating strong organic growth funding capability.
  • Tangible assets of 42.04M provide exceptional 1787.19x coverage of deferred revenue 23525, showing strong service capability backing.
  • Operating cash flow of (2.18M) fully covers other non-current liabilities (23525) by 92.56x, showing strong long-term stability.
  • Tangible assets of 42.04M provide robust 13.89x coverage of other current liabilities 3.03M, indicating strong asset backing.
  • Retained earnings of (27.20M) represent substantial 2.30x of equity (11.82M), indicating strong internal capital generation.

Bear case

  • Operating cash flow of (2.18M) barely covers its investment activities of 36926, with a coverage ratio of -58.97, indicating heavy reliance on external financing for growth which may not be sustainable in a tighter credit environment.
  • With cash reserves of 1.77M against inventory of 10.18M, the 0.17 cash-to-inventory ratio suggests potential liquidity risks if inventory turnover slows, particularly concerning given current supply chain volatilities.
  • Investment activities of 36926 provide weak support for R&D spending of 1.93M, which is 0.02x, suggesting potentially insufficient investment in innovation relative to other capital deployment.
  • Operating cash flow of (2.18M) provides insufficient coverage of deferred revenue obligations of 23525, which is -92.56x, raising concerns about future service delivery capabilities.
  • The company's operating cash flow of (2.18M) shows concerning coverage of stock compensation expenses of 1.32M, with a -1.65 ratio indicating potential earnings quality issues.

Statistical Measurement Breakdown of Revenue (2025)

Award Date Breakdown of Revenue (2025)

Peer comparison

Companies in the Consumer Electronics
S.No. Ticker Company Market Cap P/E P/S Total Debt (Qtr)
1 AAPL Apple Inc. 6,723.18 Bn 479.78 103.08 90.51 Bn
2 SONY Sony Group Corp 132.91 Bn -97.61 1.71 12.46 Bn
3 LPL LG Display Co., Ltd. 4.03 Bn 25.65 0.22 8.83 Bn
4 SONO Sonos Inc 1.83 Bn -104.00 1.27 0.05 Bn
5 ZEPP Zepp Health Corp 0.37 Bn -5.62 1.59 0.21 Bn
6 TBCH Turtle Beach Corp 0.23 Bn 12.65 0.67 0.09 Bn
7 VUZI Vuzix Corp 0.21 Bn -5.50 38.67 0.00 Bn
8 GPRO GoPro, Inc. 0.13 Bn -1.07 0.20 0.20 Bn

Industry comparisons

Current Valuation Value Ind Avg Percentile
EV to Assets EV to Assets 1.24 1.78
EV to Cash from Ops. EV/CFO -23.93 -1.62
EV to Debt EV to Debt 2.47 107.90
EV to EBIT EV/EBIT -6.74 27.25
EV to EBITDA EV/EBITDA -6.74 19.36
EV to Free Cash Flow [EV/FCF] EV/FCF -24.35 69.87
EV to Market Cap EV to Market Cap 1.62 5.36
EV to Revenue EV/Rev 0.84 8.17
Price to Book Value [P/B] P/B -2.72 9.46
Price to Earnings [P/E] P/E -2.10 14.96
Dividend Metrics Value Ind Avg Percentile
Dividend Coverage Ratio Dividend Coverage Ratio 0.00 -85.07
Dividend Payout Ratio % Div Payout % (Qtr) 0.00 -0.94
Dividend per Basic Share Div per Share (Qtr) 0.00 0.06
FCF Dividend Payout Ratio % FCF Div Payout % (Qtr) 0.00 0.69
Interest Coverage Int. cover (Qtr) -1.03 -38.56
Growth Metrics Value Ind Avg Percentile
Capex Growth (1y) % Capex 1y % (Qtr) 151.96 -25,921.15
Cash and Equivalents Growth (1y) % Cash & Equiv 1y % (Qtr) -55.12 51.04
Dividend Growth (1y) % Dividend Growth (1y) % 0.00 -3.99
EBIAT Growth (1y) % EBIAT 1y % (Qtr) -440.22 -97.56
EBITDA Growth (1y) % EBITDA 1y % (Qtr) -30.91 -124.49
EBIT Growth (1y) % EBIT 1y % (Qtr) -440.99 -56.87
EBT Growth (1y) % EBT 1y % (Qtr) -397.46 23.23
EPS Growth (1y) % EPS 1y % (Qtr) -100.00 -15.88
FCF Growth (1y) % FCF 1y % (Qtr) 65.00 -2,155.24
Gross Profit Growth (1y) % Gross Profit 1y % (Qtr) 174.34 -2.16
Liquidity Ratios Value Ind Avg Percentile
Asset Utilization Ratio Asset Util Ratio (Qtr) 1.48 0.76
Cash Payout Ratio Cash Payout (Qtr) 0.00 0.01
Cash Ratio Cash Ratio (Qtr) 0.05 0.99
Current Ratio Curr Ratio (Qtr) 0.58 3.14
Debt to Equity Ratio Debt/Equity (Qtr) -1.79 3.77
Interest Cover Ratio Int Coverage (Qtr) -1.03 -38.56
Times Interest Earned Times Interest Earned (Qtr) -1.03 -38.56
Profitability Value Ind Avg Percentile
EBITDA Margin % EBITDA Margin % (Qtr) -10.80 -158.21
EBIT Margin % EBIT Margin % (Qtr) -12.41 240.24
EBT Margin % EBT Margin % (Qtr) -24.49 -170.49
Gross Margin % Gross Margin % (Qtr) 11.50 19.30
Net Profit Margin % Net Margin % (Qtr) -24.60 -171.80