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1. Company Snapshot

1.a. Company Description

VOXX International Corporation, together with its subsidiaries, designs, manufactures, and distributes automotive electronics, consumer electronics, and biometric products in the United States, Europe, and internationally.Its Automotive Electronics segment offers mobile multi-media infotainment products, including overhead, seat-back, and headrest systems; automotive security, vehicle access, and remote start systems; satellite radios comprising plug and play, and direct connect models; smart phone telematics applications; automotive power accessories; rear observation and collision avoidance systems; driver distraction products; power lift gates; mobile interface modules; turn signal switches; automotive lighting products; automotive sensing and camera systems; USB ports; cruise control systems; and heated seats.The company's Consumer Electronics segment provides speakers; home theater, business music, and streaming music systems; on-ear and in-ear headphones; wired and wireless headphones and ear buds; Bluetooth headphones and ear buds; soundbars; digital living network alliance compatible devices; high-definition television and wireless fidelity antennas; high-definition multimedia interface accessories; karaoke and infant/nursery products; home electronic accessories, such as cabling and power cords; other connectivity products; performance enhancing electronics; TV universal remotes; flat panel TV mounting systems; power supply systems and charging products; electronic equipment cleaning products; personal sound amplifiers; set-top boxes; and home and portable stereos.


Its Biometrics segment offers iris identification and biometric security related products.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.

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1.b. Last Insights on VOXX

Here is a 90-word analysis of the positive drivers behind VOXX International Corporation's recent stock performance: VOXX International's recent performance was driven by the announcement of its acquisition by Gentex Corporation in an all-cash transaction for $7.50 per common share, implying a 163% premium over the unaffected stock price. The deal is expected to bring substantial benefits to VOXX insiders. Additionally, the company filed its Quarterly Report on Form 10-Q for the period ended November 30, 2024, and received regulatory approvals for the merger, providing clarity and certainty for investors.

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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Gentex Corporation Closes on its Acquisition of VOXX International Corporation

Apr -01

Source: prnewswire.com

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PLAYA HOTELS INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Playa Hotels & Resorts N.V. - PLYA

Mar -05

Source: businesswire.com

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VOXX International Announces Filing of Quarterly Report on Form 10-Q and Results for Fiscal 2025 Third Quarter; Company also Announces Merger Regulatory Approvals

Feb -07

Source: prnewswire.com

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VOXX International Reports Receipt of Notice from Nasdaq Regarding Delayed Filing of Quarterly Report on Form 10-Q

Jan -31

Source: prnewswire.com

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VOXX International Files Form 12b-25 with the Securities and Exchange Commission

Jan -10

Source: prnewswire.com

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VOXX INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of VOXX International Corporation - VOXX

Jan -06

Source: businesswire.com

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SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates VOXX and ZUO on Behalf of Shareholders

Dec -20

Source: globenewswire.com

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$HAREHOLDER ALERT: The M&A Class Action Firm Investigates the Merger of VOXX International Corporation - VOXX

Dec -18

Source: prnewswire.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (4.30%)

6. Segments

Consumer Electronics

Expected Growth: 4%

VOXX International Corporation's 4% growth in Consumer Electronics is driven by increasing demand for premium audio products, expansion into emerging markets, and strategic partnerships with leading OEMs. Additionally, the company's focus on innovative product development, such as wireless audio and smart home solutions, is contributing to its growth momentum.

Automotive Electronics

Expected Growth: 5%

VOXX International Corporation's Automotive Electronics segment growth is driven by increasing demand for advanced safety features, rising adoption of electric vehicles, and growing need for connectivity and autonomous driving technologies. Additionally, OEMs' focus on reducing emissions and improving fuel efficiency is boosting demand for electronic components, contributing to the segment's 5% growth.

Corporate/Eliminations

Expected Growth: 2%

VOXX International Corporation's Corporate/Eliminations segment growth is driven by strategic acquisitions, expansion into new markets, and increased demand for premium audio products. Additionally, the company's focus on operational efficiency and cost savings initiatives have contributed to the segment's growth.

Biometrics

Expected Growth: 6%

VOXX International Corporation's Biometrics segment growth is driven by increasing demand for secure authentication solutions, government initiatives for digital identity management, and rising adoption in industries such as finance, healthcare, and education. Additionally, advancements in AI-powered facial recognition, fingerprint, and iris scanning technologies are fueling growth.

7. Detailed Products

Audio Products

VOXX International Corporation offers a wide range of audio products, including speakers, soundbars, headphones, and amplifiers from brands such as Klipsch, Jamo, and Hirschmann.

Consumer Accessories

The company provides a variety of consumer accessories, including wireless charging pads, power banks, and phone cases from brands like 808 Audio and Acoustic Research.

Premium Audio/Video Products

VOXX International Corporation offers high-end audio/video products, including home theaters, soundbars, and speakers from brands like Definitive Technology and Polk Audio.

OEM Manufacturing

The company provides original equipment manufacturing (OEM) services, designing and manufacturing products for other companies.

Installation Services

VOXX International Corporation offers installation services for its products, including car audio systems and home theaters.

8. VOXX International Corporation's Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for VOXX International Corporation is moderate due to the presence of alternative products in the market, but the company's strong brand recognition and quality products mitigate this threat.

Bargaining Power Of Customers

The bargaining power of customers is low for VOXX International Corporation due to the company's diverse customer base and lack of concentration of customers.

Bargaining Power Of Suppliers

The bargaining power of suppliers is moderate for VOXX International Corporation due to the presence of multiple suppliers, but the company's large scale of operations gives it some bargaining power.

Threat Of New Entrants

The threat of new entrants is high for VOXX International Corporation due to the relatively low barriers to entry in the industry, but the company's established brand and distribution network provide some protection.

Intensity Of Rivalry

The intensity of rivalry is high for VOXX International Corporation due to the presence of several established competitors in the industry, leading to a highly competitive market.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 19.74%
Debt Cost 9.48%
Equity Weight 80.26%
Equity Cost 10.80%
WACC 10.54%
Leverage 24.59%

11. Quality Control: VOXX International Corporation passed 3 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

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Growth: 3.1

Quality: 3.2

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Momentum: 7.5

Volatility: 4.0

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Value: 7.4

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Quality: 3.5

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A-Score: 3.8/10

Value: 8.2

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Quality: 3.7

Yield: 0.0

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Volatility: 1.0

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VOXX

A-Score: 3.8/10

Value: 8.9

Growth: 1.6

Quality: 4.1

Yield: 0.0

Momentum: 4.0

Volatility: 4.0

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A-Score: 3.3/10

Value: 7.6

Growth: 2.0

Quality: 4.6

Yield: 0.0

Momentum: 4.0

Volatility: 1.7

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

7.5$

Current Price

7.5$

Potential

-0.00%

Expected Cash-Flows