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VOXX International

DB:VOX
Snowflake Description

Flawless balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
VOX
DB
$111M
Market Cap
  1. Home
  2. DE
  3. Consumer Durables
Company description

VOXX International Corporation, together with its subsidiaries, designs, manufactures, and distributes automotive, audio, and consumer accessories worldwide. The last earnings update was 35 days ago. More info.


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VOX Share Price and Events
7 Day Returns
1%
DB:VOX
-1.1%
DE Consumer Durables
0.1%
DE Market
1 Year Returns
-7%
DB:VOX
2.9%
DE Consumer Durables
8.8%
DE Market
VOX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
VOXX International (VOX) 1% 8.4% 1.8% -7% -8.4% -36.6%
DE Consumer Durables -1.1% 3.5% 4.1% 2.9% -5.9% 11.6%
DE Market 0.1% 5.9% 15% 8.8% 14.5% 21%
1 Year Return vs Industry and Market
  • VOX underperformed the Consumer Durables industry which returned 2.9% over the past year.
  • VOX underperformed the Market in Germany which returned 8.8% over the past year.
Price Volatility
VOX
Industry
5yr Volatility vs Market

VOX Value

 Is VOXX International undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of VOXX International to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for VOXX International.

DB:VOX Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 5.8%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:VOX
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Consumer Durables Unlevered Beta Simply Wall St/ S&P Global 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.815 (1 + (1- 21%) (15.36%))
0.942
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.94
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.942 * 5.96%)
5.84%

Discounted Cash Flow Calculation for DB:VOX using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for VOXX International is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:VOX DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 5.84%)
2020 7.69 Est @ 104.65% 7.27
2021 13.34 Est @ 73.33% 11.91
2022 20.19 Est @ 51.4% 17.03
2023 27.47 Est @ 36.05% 21.89
2024 34.42 Est @ 25.3% 25.91
2025 40.54 Est @ 17.78% 28.84
2026 45.61 Est @ 12.51% 30.65
2027 49.64 Est @ 8.83% 31.52
2028 52.74 Est @ 6.25% 31.64
2029 55.08 Est @ 4.44% 31.22
Present value of next 10 years cash flows $237.00
DB:VOX DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $55.08 × (1 + 0.23%) ÷ (5.84% – 0.23%)
$983.44
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $983.44 ÷ (1 + 5.84%)10
$557.40
DB:VOX Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $237.00 + $557.40
$794.40
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $794.40 / 24.19
$32.84
DB:VOX Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:VOX represents 0.89956x of NasdaqGS:VOXX
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.89956x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 32.84 x 0.89956
€29.54
Value per share (EUR) From above. €29.54
Current discount Discount to share price of €4.12
= -1 x (€4.12 - €29.54) / €29.54
86.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price VOXX International is available for.
Intrinsic value
>50%
Share price is €4.12 vs Future cash flow value of €29.54
Current Discount Checks
For VOXX International to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • VOXX International's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • VOXX International's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for VOXX International's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are VOXX International's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:VOX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-08-31) in USD $-1.29
NasdaqGS:VOXX Share Price ** NasdaqGS (2019-11-14) in USD $4.58
Germany Consumer Durables Industry PE Ratio Median Figure of 8 Publicly-Listed Consumer Durables Companies 17.05x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 19.83x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of VOXX International.

DB:VOX PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:VOXX Share Price ÷ EPS (both in USD)

= 4.58 ÷ -1.29

-3.55x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • VOXX International is loss making, we can't compare its value to the DE Consumer Durables industry average.
  • VOXX International is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does VOXX International's expected growth come at a high price?
Raw Data
DB:VOX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -3.55x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Germany Consumer Durables Industry PEG Ratio Median Figure of 5 Publicly-Listed Consumer Durables Companies 0.97x
Germany Market PEG Ratio Median Figure of 255 Publicly-Listed Companies 1.36x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for VOXX International, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on VOXX International's assets?
Raw Data
DB:VOX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-08-31) in USD $16.45
NasdaqGS:VOXX Share Price * NasdaqGS (2019-11-14) in USD $4.58
Germany Consumer Durables Industry PB Ratio Median Figure of 12 Publicly-Listed Consumer Durables Companies 1.69x
Germany Market PB Ratio Median Figure of 577 Publicly-Listed Companies 1.83x
DB:VOX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:VOXX Share Price ÷ Book Value per Share (both in USD)

= 4.58 ÷ 16.45

0.28x

* Primary Listing of VOXX International.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • VOXX International is good value based on assets compared to the DE Consumer Durables industry average.
X
Value checks
We assess VOXX International's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Consumer Durables industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Consumer Durables industry average (and greater than 0)? (1 check)
  5. VOXX International has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

VOX Future Performance

 How is VOXX International expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as VOXX International has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
15%
Expected Consumer Durables industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is VOXX International expected to grow at an attractive rate?
  • Unable to compare VOXX International's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare VOXX International's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare VOXX International's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:VOX Future Growth Rates Data Sources
Data Point Source Value (per year)
Germany Consumer Durables Industry Earnings Growth Rate Market Cap Weighted Average 15%
Germany Consumer Durables Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.7%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:VOX Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:VOX Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
DB:VOX Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-08-31 421 10 -31
2019-05-31 439 24 -46
2019-02-28 447 23 -46
2018-11-30 462 24 1
2018-08-31 489 7 -2
2018-05-31 493 -23 1
2018-02-28 507 -26 1
2017-11-30 510 -26 -15
2017-08-31 511 -27 -21
2017-05-31 515 5 2
2017-02-28 515 -2 -2
2016-11-30 559 -10 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if VOXX International is high growth as no earnings estimate data is available.
  • Unable to determine if VOXX International is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:VOX Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from VOXX International Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:VOX Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
DB:VOX Past Financials Data
Date (Data in USD Millions) EPS *
2019-08-31 -1.29
2019-05-31 -1.90
2019-02-28 -1.89
2018-11-30 0.03
2018-08-31 -0.10
2018-05-31 0.02
2018-02-28 0.03
2017-11-30 -0.63
2017-08-31 -0.86
2017-05-31 0.09
2017-02-28 -0.07
2016-11-30 -0.05

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if VOXX International will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether VOXX International is trading at VOXX International'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. VOXX International's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Consumer Durables companies here
  3. VOXX International's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess VOXX International's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
VOXX International has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

VOX Past Performance

  How has VOXX International performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare VOXX International's growth in the last year to its industry (Consumer Durables).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • VOXX International does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare VOXX International's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare VOXX International's 1-year growth to the DE Consumer Durables industry average as it is not currently profitable.
Earnings and Revenue History
VOXX International's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from VOXX International Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:VOX Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-08-31 420.79 -31.46 106.19 23.25
2019-05-31 439.42 -46.30 108.35 24.28
2019-02-28 446.82 -46.09 107.85 24.39
2018-11-30 461.60 0.78 114.34 24.49
2018-08-31 488.52 -2.42 116.51 24.38
2018-05-31 493.12 0.56 119.16 25.70
2018-02-28 507.09 0.69 124.96 26.44
2017-11-30 509.75 -15.36 125.95 27.92
2017-08-31 510.60 -20.86 127.13 28.90
2017-05-31 515.45 2.16 123.78 28.13
2017-02-28 514.53 -1.64 122.68 29.52
2016-11-30 559.32 -1.26 130.82 33.19
2016-08-31 594.41 3.00 141.64 35.41
2016-05-31 630.26 -6.58 150.68 37.46
2016-02-29 530.21 -7.44 127.81 22.92
2015-11-30 680.96 -11.70 159.18 35.77
2015-08-31 711.81 -3.86 160.39 35.41
2015-05-31 734.98 -2.15 165.50 35.98
2015-02-28 757.50 -0.94 168.99 37.16
2014-11-30 774.70 -35.60 173.94 38.04
2014-08-31 797.16 -35.80 177.18 34.68
2014-05-31 803.64 -28.25 176.73 34.69
2014-02-28 809.71 -26.60 174.58 34.16
2013-11-30 829.39 32.70 174.09 29.63
2013-08-31 826.62 30.48 170.81 30.83
2013-05-31 834.51 29.33 170.26 28.30
2013-02-28 835.58 22.49 166.63 26.97
2012-11-30 805.38 23.09 158.94 25.03

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if VOXX International has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if VOXX International has efficiently used its assets last year compared to the DE Consumer Durables industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if VOXX International improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess VOXX International's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Consumer Durables industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
VOXX International has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

VOX Health

 How is VOXX International's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up VOXX International's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • VOXX International is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • VOXX International's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of VOXX International's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 17.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from VOXX International Company Filings, last reported 2 months ago.

DB:VOX Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-08-31 382.87 13.05 39.29
2019-05-31 391.98 14.67 60.00
2019-02-28 395.10 15.88 58.24
2018-11-30 433.30 16.17 48.72
2018-08-31 423.77 16.13 57.26
2018-05-31 446.14 16.19 49.83
2018-02-28 450.12 16.24 51.74
2017-11-30 438.14 16.48 37.51
2017-08-31 430.53 15.98 45.82
2017-05-31 393.00 113.06 8.06
2017-02-28 391.32 107.26 0.96
2016-11-30 393.46 117.45 5.67
2016-08-31 394.91 104.45 4.86
2016-05-31 393.85 103.48 8.56
2016-02-29 395.89 97.86 11.77
2015-11-30 399.11 103.02 12.44
2015-08-31 389.29 96.80 8.45
2015-05-31 392.48 88.64 7.06
2015-02-28 396.14 85.56 8.72
2014-11-30 426.61 97.33 12.02
2014-08-31 421.11 96.29 10.37
2014-05-31 430.36 90.75 18.58
2014-02-28 429.58 109.36 10.60
2013-11-30 476.25 135.01 16.33
2013-08-31 455.30 126.83 13.39
2013-05-31 446.59 140.17 16.26
2013-02-28 444.54 175.02 19.78
2012-11-30 435.20 193.62 18.19
  • VOXX International's level of debt (3.4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (22.9% vs 3.4% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making VOXX International has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making VOXX International has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -59.8% per year.
X
Financial health checks
We assess VOXX International's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. VOXX International has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

VOX Dividends

 What is VOXX International's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from VOXX International dividends.
If you bought €2,000 of VOXX International shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate VOXX International's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate VOXX International's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:VOX Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Germany Consumer Durables Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 3.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:VOX Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as VOXX International has not reported any payouts.
  • Unable to verify if VOXX International's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of VOXX International's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as VOXX International has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess VOXX International's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can VOXX International afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. VOXX International has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

VOX Management

 What is the CEO of VOXX International's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Pat Lavelle
COMPENSATION $1,440,557
AGE 67
TENURE AS CEO 14.5 years
CEO Bio

Mr. Patrick M. Lavelle, also known as Pat, has been the Chief Executive and President of VOXX International Corporation (Former Name: Audiovox Corporation), holding company of Klipsch Group Inc. since May 1, 2005. Mr. Lavelle serves as Executive Advisor at Consumer Electronics Association. Mr. Lavelle served as Senior Vice President of VOXX International Corporation since 1991 and responsible for its mobile and consumer electronics division and also served as its Vice President. In 1998, Mr. Lavelle was appointed President of VOXX Electronics Corp., the Company's Mobile and Consumer Electronics Division. He served as Chief Executive Officer, President and Senior Vice President of VOXX International's electronics subsidiary, Audiovox Electronics Corporation. He joined VOXX International (Audiovox) in 1977 as an Audio Salesman and held numerous sales management positions before being appointed Vice President of Accessory Products in 1980. He served as the Vice Chairman of Executive Board at Consumer Electronics Association since October 2012. Mr. Lavelle served as Chairman of the Executive Board at Consumer Electronics Association since January 2007 and its Chairman of the Mobile Information Technology Subdivision. He previously served as Vice Chair of Mobile Electronics Division of the Consumer Electronics Association. Mr. Lavelle was Chairman of the Consumer Technology Association's ("CTA") Board of Directors. He serves as Member of the Executive Board at Consumer Electronics Association. He has been a Director of VOXX International Corporation since 1993. Mr. Lavelle is a Member of the Board of Trustees of Marist College. Mr. Lavelle has been active on the acquisition front and has expanded its lines and brands including developing a significant international business. Some of the brands acquired include well-known names such as Klipsch, RCA, Acoustic Research, Jensen, Code Alarm and Terk, as well as international brands such as Magnat, Heco and Mac Audio. A veteran of the consumer electronics industry, Mr. Lavelle has been very active in the Consumer Electronics Association (CEA)®, holding several key committee positions over the years. Among the more significant posts he has held in CEA are Chairman of the In-Vehicle Electronics Board (2003-2004) and Chairman of the Consumer Electronics Association and Executive Board (2007-2008). Mr. Lavelle sits on the CEA Executive Board as a member at large chair. He is also active in his community and serves on the Board of Trustees at his alma mater, Marist College in New York. Mr. Lavelle is a graduate of Marist College, NY.

CEO Compensation
  • Pat's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Pat's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the VOXX International management team in years:

3.8
Average Tenure
62
Average Age
  • The tenure for the VOXX International management team is about average.
Management Team

Pat Lavelle

TITLE
President
COMPENSATION
$1M
AGE
67
TENURE
14.5 yrs

Charles Stoehr

TITLE
Senior VP
COMPENSATION
$526K
AGE
73
TENURE
41.8 yrs

Loriann Shelton

TITLE
Senior VP & COO
COMPENSATION
$636K
AGE
62
TENURE
3.8 yrs

T. Jacobs

TITLE
President & CEO of Klipsch Group Inc
COMPENSATION
$942K
AGE
61
TENURE
8.3 yrs

Edward Mas

TITLE
President & CEO of VOXX Automotive Corp.
COMPENSATION
$576K
AGE
58

Tom Malone

TITLE
President of VOXX Advanced Solutions Corp
COMPENSATION
$493K
AGE
64
TENURE
3.8 yrs

C. Geise

TITLE
Chief Executive Officer of Voxx Accessories Corporation
COMPENSATION
$203K
AGE
68
TENURE
3.8 yrs

Mark Finger

TITLE
CEO & MD of VOXX International German Holdings

Ian Geise

TITLE
President of VOXX Accessories Corporation
AGE
47
TENURE
3.8 yrs

Janine Russo

TITLE
Corporate Secretary
AGE
57
TENURE
1.3 yrs
Board of Directors Tenure

Average tenure and age of the VOXX International board of directors in years:

14.5
Average Tenure
67
Average Age
  • The average tenure for the VOXX International board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

John Shalam

TITLE
Chairman of the Board
COMPENSATION
$698K
AGE
85
TENURE
14.5 yrs

Pat Lavelle

TITLE
President
COMPENSATION
$1M
AGE
67
TENURE
26.8 yrs

Charles Stoehr

TITLE
Senior VP
COMPENSATION
$526K
AGE
73
TENURE
32.8 yrs

Peter Lesser

TITLE
Independent Director
COMPENSATION
$74K
AGE
84
TENURE
15.9 yrs

Denise Gibson

TITLE
Independent Director
COMPENSATION
$65K
AGE
59
TENURE
4.3 yrs

John Adamovich

TITLE
Independent Director
COMPENSATION
$72K
AGE
66
TENURE
3 yrs

Ari Shalam

TITLE
Director
COMPENSATION
$57K
AGE
49
TENURE
8.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
30. Jul 19 Buy Peter Lesser Individual 26. Jul 19 29. Jul 19 5,000 €4.27 €21,330
X
Management checks
We assess VOXX International's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. VOXX International has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

VOX News

Simply Wall St News

VOX Company Info

Description

VOXX International Corporation, together with its subsidiaries, designs, manufactures, and distributes automotive, audio, and consumer accessories worldwide. Its Automotive segment offers rear-seat entertainment devices, satellite radio products, automotive security and remote start systems, mobile multimedia devices, aftermarket/OE-styled radios, car link-smartphone telematics applications, collision avoidance systems, and location-based services. The company’s Premium Audio segment provides home theater systems, high-end loudspeakers, outdoor speakers, business music systems, cinema speakers, flat panel speakers, Bluetooth speakers, soundbars, headphones, and digital living network alliance compatible devices. Its Consumer Accessories segment offers remote controls; wireless and Bluetooth speakers; karaoke products; action cameras; iris identification and biometric security related products; personal sound amplifiers; infant/nursery products; healthcare wearables; activity tracking bands; smart-home security and safety products; infant and nursery products; and A/V connectivity, portable/home charging, reception, and digital consumer products. The company sells its products to mass merchants, regional chain stores, e-commerce platforms, department stores, lifestyle retailers, specialty and Internet retailers, power retailers, independent 12-volt retailers, distributors, new car dealers, automotive and vehicle manufacturers, system integrators, communication network providers, smart grid manufacturers, banks, the United States military, cinema operators, sporting goods equipment retailers, cell phone carriers, the public safety sector, private security providers, and original equipment manufacturers primarily under the Audiovox brand. The company was formerly known as Audiovox Corporation and changed its name to VOXX International Corporation in December 2011. VOXX International Corporation was founded in 1960 and is headquartered in Orlando, Florida.

Details
Name: VOXX International Corporation
VOX
Exchange: DB
Founded: 1960
$100,611,666
24,190,742
Website: http://www.voxxintl.com
Address: VOXX International Corporation
2351 J. Lawson Boulevard,
Orlando,
Florida, 32824,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS VOXX Class A Common Stock Nasdaq Global Select US USD 29. May 1987
DB VOX Class A Common Stock Deutsche Boerse AG DE EUR 29. May 1987
Number of employees
Current staff
Staff numbers
885
VOXX International employees.
Industry
Consumer Electronics
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/14 21:22
End of day share price update: 2019/11/14 00:00
Last estimates confirmation: 2018/05/14
Last earnings filing: 2019/10/10
Last earnings reported: 2019/08/31
Last annual earnings reported: 2019/02/28


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.