React Multiple Higher-Order Components

I'm just discovering the amazing benefits of using HOC in my react projects.

My question is there any performance hit for calling multiple HOC functions on a component?


export default withState(withLabel(withTheme(MyComponent)))

This will of course only render one component, however looking at my react dev tools i can see the outputted HOC components three levels deep. Is this something to be wary of or is there a better approach to calling multiple HOC on a component?