ENERGIZER HOLDINGS INC (ENR) Stock Fundamental Analysis
NYSE:ENR - New York Stock Exchange, Inc. - US29272W1099 - Common Stock - Currency: USD
We assign a fundamental rating of 4 out of 10 to ENR. ENR was compared to 12 industry peers in the Household Products industry. ENR has a medium profitability rating, but doesn't score so well on its financial health evaluation. ENR is valued quite cheap, while showing a decent growth score. This is a good combination!
1. Profitability
1.1 Basic Checks
ENR had positive earnings in the past year.
ENR had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: ENR reported negative net income in multiple years.
Each year in the past 5 years ENR had a positive operating cash flow.
1.2 Ratios
With a Return On Assets value of 1.29%, ENR is not doing good in the industry: 91.67% of the companies in the same industry are doing better.
ENR's Return On Equity of 40.63% is fine compared to the rest of the industry. ENR outperforms 75.00% of its industry peers.
Looking at the Return On Invested Capital, with a value of 9.53%, ENR is doing worse than 66.67% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for ENR is significantly below the industry average of 15.79%.
The 3 year average ROIC (8.71%) for ENR is below the current ROIC(9.53%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.29% | ||
| ROE | 40.63% | ||
| ROIC | 9.53% |
ROA(3y)-0.39%
ROA(5y)-0.04%
ROE(3y)-28.53%
ROE(5y)-16.07%
ROIC(3y)8.71%
ROIC(5y)8.77%
1.3 Margins
ENR has a worse Profit Margin (1.87%) than 91.67% of its industry peers.
ENR's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 15.09%, ENR is in line with its industry, outperforming 50.00% of the companies in the same industry.
ENR's Operating Margin has been stable in the last couple of years.
With a Gross Margin value of 40.84%, ENR perfoms like the industry average, outperforming 58.33% of the companies in the same industry.
ENR's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 15.09% | ||
| PM (TTM) | 1.87% | ||
| GM | 40.84% |
OM growth 3Y-3.96%
OM growth 5Y-0.62%
PM growth 3Y-34.93%
PM growth 5Y-3.38%
GM growth 3Y0.12%
GM growth 5Y-0.98%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so ENR is still creating some value.
The number of shares outstanding for ENR has been increased compared to 1 year ago.
ENR has more shares outstanding than it did 5 years ago.
The debt/assets ratio for ENR has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.43, we must say that ENR is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 1.43, ENR is not doing good in the industry: 91.67% of the companies in the same industry are doing better.
The Debt to FCF ratio of ENR is 17.83, which is on the high side as it means it would take ENR, 17.83 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of ENR (17.83) is worse than 91.67% of its industry peers.
ENR has a Debt/Equity ratio of 23.57. This is a high value indicating a heavy dependency on external financing.
ENR's Debt to Equity ratio of 23.57 is on the low side compared to the rest of the industry. ENR is outperformed by 83.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 23.57 | ||
| Debt/FCF | 17.83 | ||
| Altman-Z | 1.43 |
ROIC/WACC1.62
WACC5.88%
2.3 Liquidity
A Current Ratio of 1.86 indicates that ENR should not have too much problems paying its short term obligations.
ENR has a Current ratio (1.86) which is comparable to the rest of the industry.
ENR has a Quick Ratio of 1.86. This is a bad value and indicates that ENR is not financially healthy enough and could expect problems in meeting its short term obligations.
ENR has a Quick ratio of 0.86. This is comparable to the rest of the industry: ENR outperforms 50.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.86 | ||
| Quick Ratio | 0.86 |
3. Growth
3.1 Past
ENR shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 9.84%, which is quite good.
Measured over the past 5 years, ENR shows a small growth in Earnings Per Share. The EPS has been growing by 1.12% on average per year.
The Revenue has been growing slightly by 0.39% in the past year.
The Revenue has been growing slightly by 2.97% on average over the past years.
EPS 1Y (TTM)9.84%
EPS 3Y-1.46%
EPS 5Y1.12%
EPS Q2Q%-6.94%
Revenue 1Y (TTM)0.39%
Revenue growth 3Y-1.51%
Revenue growth 5Y2.97%
Sales Q2Q%-0.06%
3.2 Future
Based on estimates for the next years, ENR will show a small growth in Earnings Per Share. The EPS will grow by 3.37% on average per year.
Based on estimates for the next years, ENR will show a small growth in Revenue. The Revenue will grow by 1.17% on average per year.
EPS Next Y2.56%
EPS Next 2Y3.61%
EPS Next 3Y4.28%
EPS Next 5Y3.37%
Revenue Next Year0.72%
Revenue Next 2Y1.18%
Revenue Next 3Y1.22%
Revenue Next 5Y1.17%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 6.70, the valuation of ENR can be described as very cheap.
Based on the Price/Earnings ratio, ENR is valued cheaper than 100.00% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.52, ENR is valued rather cheaply.
ENR is valuated cheaply with a Price/Forward Earnings ratio of 6.29.
Based on the Price/Forward Earnings ratio, ENR is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
ENR's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.25.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.7 | ||
| Fwd PE | 6.29 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ENR indicates a rather cheap valuation: ENR is cheaper than 91.67% of the companies listed in the same industry.
83.33% of the companies in the same industry are more expensive than ENR, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.13 | ||
| EV/EBITDA | 8.26 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
PEG (NY)2.61
PEG (5Y)5.97
EPS Next 2Y3.61%
EPS Next 3Y4.28%
5. Dividend
5.1 Amount
ENR has a Yearly Dividend Yield of 5.44%, which is a nice return.
In the last 3 months the price of ENR has falen by -27.76%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
Compared to an average industry Dividend Yield of 2.96, ENR pays a better dividend. On top of this ENR pays more dividend than 100.00% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.39, ENR pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.44% |
5.2 History
The dividend of ENR decreases each year by -2.94%.
ENR has paid a dividend for at least 10 years, which is a reliable track record.
As ENR did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)-2.94%
Div Incr Years0
Div Non Decr Years8
5.3 Sustainability
162.68% of the earnings are spent on dividend by ENR. This is not a sustainable payout ratio.
DP162.68%
EPS Next 2Y3.61%
EPS Next 3Y4.28%
22.43
+0.38 (+1.72%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupHousehold & Personal Products
GICS IndustryHousehold Products
Earnings (Last)
Earnings (Next)
Inst Owners86.55%
Inst Owner Change1.92%
Ins Owners0.68%
Ins Owner Change2.69%
Market Cap1.62B
Analysts70
Price Target30.6 (36.42%)
Short Float %5.35%
Short Ratio3.83
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.44% |
Yearly Dividend1.22
Dividend Growth(5Y)-2.94%
DP162.68%
Div Incr Years0
Div Non Decr Years8
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.49%
Min EPS beat(2)-1.49%
Max EPS beat(2)2.48%
EPS beat(4)3
Avg EPS beat(4)5.47%
Min EPS beat(4)-1.49%
Max EPS beat(4)17.53%
EPS beat(8)6
Avg EPS beat(8)1.77%
EPS beat(12)9
Avg EPS beat(12)2.79%
EPS beat(16)13
Avg EPS beat(16)5.08%
Revenue beat(2)0
Avg Revenue beat(2)-1.26%
Min Revenue beat(2)-1.98%
Max Revenue beat(2)-0.54%
Revenue beat(4)0
Avg Revenue beat(4)-1.27%
Min Revenue beat(4)-1.98%
Max Revenue beat(4)-0.54%
Revenue beat(8)1
Avg Revenue beat(8)-1.56%
Revenue beat(12)2
Avg Revenue beat(12)-1.65%
Revenue beat(16)6
Avg Revenue beat(16)-0.08%
PT rev (1m)-11.02%
PT rev (3m)-20.15%
EPS NQ rev (1m)-25.86%
EPS NQ rev (3m)-26.52%
EPS NY rev (1m)-4.98%
EPS NY rev (3m)-4.86%
Revenue NQ rev (1m)-2.59%
Revenue NQ rev (3m)-2.59%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.64%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.7 | ||
| Fwd PE | 6.29 | ||
| P/S | 0.56 | ||
| P/FCF | 9.13 | ||
| P/OCF | 5.81 | ||
| P/B | 12.09 | ||
| P/tB | N/A | ||
| EV/EBITDA | 8.26 |
EPS(TTM)3.35
EY14.94%
EPS(NY)3.56
Fwd EY15.89%
FCF(TTM)2.46
FCFY10.96%
OCF(TTM)3.86
OCFY17.22%
SpS40.2
BVpS1.85
TBVpS-26.93
PEG (NY)2.61
PEG (5Y)5.97
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.29% | ||
| ROE | 40.63% | ||
| ROCE | 12.65% | ||
| ROIC | 9.53% | ||
| ROICexc | 9.93% | ||
| ROICexgc | 26.47% | ||
| OM | 15.09% | ||
| PM (TTM) | 1.87% | ||
| GM | 40.84% | ||
| FCFM | 6.11% |
ROA(3y)-0.39%
ROA(5y)-0.04%
ROE(3y)-28.53%
ROE(5y)-16.07%
ROIC(3y)8.71%
ROIC(5y)8.77%
ROICexc(3y)9.25%
ROICexc(5y)9.42%
ROICexgc(3y)25.21%
ROICexgc(5y)32.65%
ROCE(3y)11.57%
ROCE(5y)11.71%
ROICexcg growth 3Y-10.69%
ROICexcg growth 5Y2.32%
ROICexc growth 3Y0.17%
ROICexc growth 5Y7.1%
OM growth 3Y-3.96%
OM growth 5Y-0.62%
PM growth 3Y-34.93%
PM growth 5Y-3.38%
GM growth 3Y0.12%
GM growth 5Y-0.98%
F-Score6
Asset Turnover0.69
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 23.57 | ||
| Debt/FCF | 17.83 | ||
| Debt/EBITDA | 5.61 | ||
| Cap/Depr | 81.66% | ||
| Cap/Sales | 3.5% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 49.61% | ||
| Profit Quality | 326.1% | ||
| Current Ratio | 1.86 | ||
| Quick Ratio | 0.86 | ||
| Altman-Z | 1.43 |
F-Score6
WACC5.88%
ROIC/WACC1.62
Cap/Depr(3y)67.87%
Cap/Depr(5y)63.35%
Cap/Sales(3y)2.78%
Cap/Sales(5y)2.57%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)9.84%
EPS 3Y-1.46%
EPS 5Y1.12%
EPS Q2Q%-6.94%
EPS Next Y2.56%
EPS Next 2Y3.61%
EPS Next 3Y4.28%
EPS Next 5Y3.37%
Revenue 1Y (TTM)0.39%
Revenue growth 3Y-1.51%
Revenue growth 5Y2.97%
Sales Q2Q%-0.06%
Revenue Next Year0.72%
Revenue Next 2Y1.18%
Revenue Next 3Y1.22%
Revenue Next 5Y1.17%
EBIT growth 1Y10.14%
EBIT growth 3Y-5.4%
EBIT growth 5Y2.33%
EBIT Next Year32.68%
EBIT Next 3Y11.27%
EBIT Next 5YN/A
FCF growth 1Y-30.32%
FCF growth 3Y42.43%
FCF growth 5Y28.57%
OCF growth 1Y-12.82%
OCF growth 3Y33.71%
OCF growth 5Y23.51%