VOXX International Corporation
Find Ratings ReportsVOXX INTERNATIONAL CORP's gross profit margin for the third quarter of its fiscal year 2023 is essentially unchanged when compared to the same period a year ago. Sales and net income have dropped, underperforming the average competitor within its subsector. VOXX INTERNATIONAL CORP has weak liquidity. Currently, the Quick Ratio is 0.71 which shows a lack of ability to cover short-term cash needs. The company's liquidity has increased from the same period last year, indicating improving cash flow.
During the same period, stockholders' equity ("net worth") has decreased by 12.51% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the future.
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Income Statement | Q3 FY23 | Q3 FY22 |
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Net Sales ($mil) | 135.26 | 143.06 |
EBITDA ($mil) | 5.64 | 5.86 |
EBIT ($mil) | 2.69 | 2.66 |
Net Income ($mil) | 1.91 | 7.42 |
Balance Sheet | Q3 FY23 | Q3 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 10.39 | 8.48 |
Total Assets ($mil) | 498.39 | 566.41 |
Total Debt ($mil) | 53.26 | 50.63 |
Equity ($mil) | 320.38 | 366.21 |
Profitability | Q3 FY23 | Q3 FY22 |
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Gross Profit Margin | 29.05 | 28.2 |
EBITDA Margin | 4.16 | 4.09 |
Operating Margin | 1.99 | 1.86 |
Sales Turnover | 1.0 | 0.99 |
Return on Assets | -7.85 | -1.15 |
Return on Equity | -12.22 | -1.79 |
Debt | Q3 FY23 | Q3 FY22 |
---|---|---|
Current Ratio | 1.81 | 1.92 |
Debt/Capital | 0.14 | 0.12 |
Interest Expense | 1.89 | 1.46 |
Interest Coverage | 1.42 | 1.82 |
Share Data | Q3 FY23 | Q3 FY22 |
---|---|---|
Shares outstanding (mil) | 22.59 | 23.66 |
Div / share | 0.0 | 0.0 |
EPS | 0.08 | 0.3 |
Book value / share | 14.18 | 15.48 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 36070.0 | 49557.0 |
SELL. This stock’s P/E ratio is negative, making its value useless in the assessment of premium or discount valuation, only displaying that the company has negative earnings per share. For additional comparison, its price-to-book ratio of 0.57 indicates a significant discount versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 23.59. The price-to-sales ratio is well below both the S&P 500 average and the subsector average, indicating a discount. After reviewing these and other key valuation criteria, VOXX INTERNATIONAL CORP proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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VOXX NM | Peers 53.34 | VOXX 14.23 | Peers 44.47 | |||||||||||||||||||||
Neutral. The absence of a valid P/E ratio happens when a stock can not be valued on the basis of a negative stream of earnings. VOXX's P/E is negative making this valuation measure meaningless. |
Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. VOXX is trading at a significant discount to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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VOXX NA | Peers 26.06 | VOXX NA | Peers 1.95 | |||||||||||||||||||||
Neutral. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth potential. Ratio not available. |
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. Ratio not available. |
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Price/Book |
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Earnings Growth |
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VOXX 0.57 | Peers 23.59 | VOXX -485.71 | Peers 123.02 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. VOXX is trading at a significant discount to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, VOXX is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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VOXX 0.37 | Peers 14.13 | VOXX -11.41 | Peers 27.20 | |||||||||||||||||||||
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. VOXX is trading at a significant discount to its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. VOXX significantly trails its peers on the basis of sales growth. |
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