ENERGIZER HOLDINGS INC (ENR) Stock Fundamental Analysis
NYSE:ENR - New York Stock Exchange, Inc. - US29272W1099 - Common Stock - Currency: USD
Taking everything into account, ENR scores 4 out of 10 in our fundamental rating. 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 may be a bit undervalued, certainly considering the very reasonable score on growth
1. Profitability
1.1 Basic Checks
In the past year ENR was profitable.
In the past year ENR had a positive cash flow from operations.
In multiple years ENR reported negative net income over the last 5 years.
ENR had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
ENR has a Return On Assets of 1.38%. This is amonst the worse of the industry: ENR underperforms 91.67% of its industry peers.
Looking at the Return On Equity, with a value of 41.61%, ENR belongs to the top of the industry, outperforming 83.33% of the companies in the same industry.
ENR has a worse Return On Invested Capital (9.71%) than 66.67% of its industry peers.
The Average Return On Invested Capital over the past 3 years for ENR is significantly below the industry average of 15.69%.
The 3 year average ROIC (8.71%) for ENR is below the current ROIC(9.71%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.38% | ||
| ROE | 41.61% | ||
| ROIC | 9.71% |
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 (2.02%) than 91.67% of its industry peers.
In the last couple of years the Profit Margin of ENR has declined.
ENR's Operating Margin of 15.31% is in line compared to the rest of the industry. ENR outperforms 58.33% of its industry peers.
In the last couple of years the Operating Margin of ENR has remained more or less at the same level.
ENR has a Gross Margin (40.78%) which is comparable to the rest of the industry.
ENR's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 15.31% | ||
| PM (TTM) | 2.02% | ||
| GM | 40.78% |
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
ENR has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
Compared to 1 year ago, ENR has more shares outstanding
Compared to 5 years ago, ENR has more shares outstanding
ENR has a better debt/assets ratio than last year.
2.2 Solvency
ENR has an Altman-Z score of 1.50. This is a bad value and indicates that ENR is not financially healthy and even has some risk of bankruptcy.
ENR's Altman-Z score of 1.50 is on the low side compared to the rest of the industry. ENR is outperformed by 75.00% of its industry peers.
The Debt to FCF ratio of ENR is 14.14, which is on the high side as it means it would take ENR, 14.14 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 14.14, ENR is doing worse than 91.67% of the companies in the same industry.
A Debt/Equity ratio of 22.18 is on the high side and indicates that ENR has dependencies on debt financing.
With a Debt to Equity ratio value of 22.18, ENR is not doing good in the industry: 75.00% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 22.18 | ||
| Debt/FCF | 14.14 | ||
| Altman-Z | 1.5 |
ROIC/WACC1.56
WACC6.22%
2.3 Liquidity
A Current Ratio of 1.80 indicates that ENR should not have too much problems paying its short term obligations.
ENR's Current ratio of 1.80 is in line compared to the rest of the industry. ENR outperforms 50.00% of its industry peers.
ENR has a Quick Ratio of 1.80. 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 (0.94) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.8 | ||
| Quick Ratio | 0.94 |
3. Growth
3.1 Past
ENR shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 14.48%, which is quite good.
The Earnings Per Share has been growing slightly by 1.12% on average over the past years.
ENR shows a decrease in Revenue. In the last year, the revenue decreased by -0.31%.
Measured over the past years, ENR shows a small growth in Revenue. The Revenue has been growing by 2.97% on average per year.
EPS 1Y (TTM)14.48%
EPS 3Y-1.46%
EPS 5Y1.12%
EPS Q2Q%13.56%
Revenue 1Y (TTM)-0.31%
Revenue growth 3Y-1.51%
Revenue growth 5Y2.97%
Sales Q2Q%2.11%
3.2 Future
The Earnings Per Share is expected to grow by 4.97% on average over the next years.
ENR is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.70% yearly.
EPS Next Y7.81%
EPS Next 2Y7.32%
EPS Next 3Y6.38%
EPS Next 5Y4.97%
Revenue Next Year0.96%
Revenue Next 2Y1.19%
Revenue Next 3Y1.12%
Revenue Next 5Y1.7%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 9.08, the valuation of ENR can be described as very reasonable.
Compared to the rest of the industry, the Price/Earnings ratio of ENR indicates a rather cheap valuation: ENR is cheaper than 91.67% of the companies listed in the same industry.
ENR's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 29.63.
A Price/Forward Earnings ratio of 8.07 indicates a reasonable valuation of ENR.
ENR's Price/Forward Earnings ratio is rather cheap when compared to the industry. ENR is cheaper than 100.00% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.68. ENR is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.08 | ||
| Fwd PE | 8.07 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ENR is valued a bit cheaper than the industry average as 75.00% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, ENR is valued cheaply inside the industry as 83.33% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.06 | ||
| EV/EBITDA | 9.12 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.16
PEG (5Y)8.1
EPS Next 2Y7.32%
EPS Next 3Y6.38%
5. Dividend
5.1 Amount
ENR has a Yearly Dividend Yield of 3.88%.
Compared to an average industry Dividend Yield of 2.57, ENR pays a better dividend. On top of this ENR pays more dividend than 100.00% of the companies listed in the same industry.
ENR's Dividend Yield is rather good when compared to the S&P500 average which is at 2.27.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.88% |
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.
ENR has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)-2.94%
Div Incr Years0
Div Non Decr Years8
5.3 Sustainability
ENR pays out 150.94% of its income as dividend. This is not a sustainable payout ratio.
DP150.94%
EPS Next 2Y7.32%
EPS Next 3Y6.38%
30.87
-0.09 (-0.29%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupHousehold & Personal Products
GICS IndustryHousehold Products
Earnings (Last)
Earnings (Next)
Inst Owners86.55%
Inst Owner Change2.85%
Ins Owners0.68%
Ins Owner Change11.68%
Market Cap2.23B
Analysts69.23
Price Target38.32 (24.13%)
Short Float %3.71%
Short Ratio4.41
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.88% |
Yearly Dividend1.22
Dividend Growth(5Y)-2.94%
DP150.94%
Div Incr Years0
Div Non Decr Years8
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)2.93%
Min EPS beat(2)2.48%
Max EPS beat(2)3.37%
EPS beat(4)4
Avg EPS beat(4)7.34%
Min EPS beat(4)2.48%
Max EPS beat(4)17.53%
EPS beat(8)7
Avg EPS beat(8)4.66%
EPS beat(12)10
Avg EPS beat(12)4.87%
EPS beat(16)14
Avg EPS beat(16)6.91%
Revenue beat(2)0
Avg Revenue beat(2)-0.81%
Min Revenue beat(2)-1.08%
Max Revenue beat(2)-0.54%
Revenue beat(4)0
Avg Revenue beat(4)-1.05%
Min Revenue beat(4)-1.47%
Max Revenue beat(4)-0.54%
Revenue beat(8)1
Avg Revenue beat(8)-1.45%
Revenue beat(12)3
Avg Revenue beat(12)-1.19%
Revenue beat(16)7
Avg Revenue beat(16)0.57%
PT rev (1m)1.15%
PT rev (3m)12.27%
EPS NQ rev (1m)-11.98%
EPS NQ rev (3m)-15.69%
EPS NY rev (1m)0.01%
EPS NY rev (3m)0.5%
Revenue NQ rev (1m)-0.18%
Revenue NQ rev (3m)-0.62%
Revenue NY rev (1m)-0.24%
Revenue NY rev (3m)-0.34%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.08 | ||
| Fwd PE | 8.07 | ||
| P/S | 0.77 | ||
| P/FCF | 10.06 | ||
| P/OCF | 6.78 | ||
| P/B | 15.85 | ||
| P/tB | N/A | ||
| EV/EBITDA | 9.12 |
EPS(TTM)3.4
EY11.01%
EPS(NY)3.82
Fwd EY12.39%
FCF(TTM)3.07
FCFY9.94%
OCF(TTM)4.55
OCFY14.74%
SpS40.2
BVpS1.95
TBVpS-26.94
PEG (NY)1.16
PEG (5Y)8.1
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.38% | ||
| ROE | 41.61% | ||
| ROCE | 12.89% | ||
| ROIC | 9.71% | ||
| ROICexc | 10.3% | ||
| ROICexgc | 28.7% | ||
| OM | 15.31% | ||
| PM (TTM) | 2.02% | ||
| GM | 40.78% | ||
| FCFM | 7.63% |
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 | 22.18 | ||
| Debt/FCF | 14.14 | ||
| Debt/EBITDA | 5.5 | ||
| Cap/Depr | 87.49% | ||
| Cap/Sales | 3.69% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 57.98% | ||
| Profit Quality | 378.63% | ||
| Current Ratio | 1.8 | ||
| Quick Ratio | 0.94 | ||
| Altman-Z | 1.5 |
F-Score6
WACC6.22%
ROIC/WACC1.56
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)14.48%
EPS 3Y-1.46%
EPS 5Y1.12%
EPS Q2Q%13.56%
EPS Next Y7.81%
EPS Next 2Y7.32%
EPS Next 3Y6.38%
EPS Next 5Y4.97%
Revenue 1Y (TTM)-0.31%
Revenue growth 3Y-1.51%
Revenue growth 5Y2.97%
Sales Q2Q%2.11%
Revenue Next Year0.96%
Revenue Next 2Y1.19%
Revenue Next 3Y1.12%
Revenue Next 5Y1.7%
EBIT growth 1Y12.94%
EBIT growth 3Y-5.4%
EBIT growth 5Y2.33%
EBIT Next Year33.73%
EBIT Next 3Y11.56%
EBIT Next 5YN/A
FCF growth 1Y59.35%
FCF growth 3Y42.43%
FCF growth 5Y28.57%
OCF growth 1Y51.66%
OCF growth 3Y33.71%
OCF growth 5Y23.51%