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 scores decently on growth, while it is valued quite cheap. This could make an interesting combination.
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.
In the past 5 years ENR always reported a positive cash flow from operatings.
1.2 Ratios
ENR has a worse Return On Assets (1.29%) than 91.67% of its industry peers.
ENR has a better Return On Equity (40.63%) than 75.00% of its industry peers.
The Return On Invested Capital of ENR (9.53%) is worse than 66.67% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for ENR is significantly below the industry average of 15.82%.
The last Return On Invested Capital (9.53%) for ENR is above the 3 year average (8.71%), which is a sign of increasing profitability.
| 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
The Profit Margin of ENR (1.87%) is worse than 91.67% of its industry peers.
ENR's Profit Margin has declined in the last couple of years.
ENR's Operating Margin of 15.09% is in line compared to the rest of the industry. ENR outperforms 50.00% 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 (40.84%) which is comparable to the rest of the industry.
In the last couple of years the Gross Margin of ENR has remained more or less at the same level.
| 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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), ENR is creating some value.
Compared to 1 year ago, ENR has more shares outstanding
ENR has more shares outstanding than it did 5 years ago.
ENR has a better debt/assets ratio than last year.
2.2 Solvency
ENR has an Altman-Z score of 1.42. This is a bad value and indicates that ENR is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of ENR (1.42) is worse than 91.67% of its industry peers.
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.
A Debt/Equity ratio of 23.57 is on the high side and indicates that ENR has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 23.57, ENR is doing worse than 83.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 23.57 | ||
| Debt/FCF | 17.83 | ||
| Altman-Z | 1.42 |
ROIC/WACC1.67
WACC5.71%
2.3 Liquidity
A Current Ratio of 1.86 indicates that ENR should not have too much problems paying its short term obligations.
With a Current ratio value of 1.86, ENR perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
A Quick Ratio of 0.86 indicates that ENR may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.86, ENR is in line with its industry, outperforming 50.00% of the companies in the same industry.
| 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.
Looking at the last year, ENR shows a small growth in Revenue. The Revenue has grown by 0.39% in the last year.
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)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
ENR is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 3.37% yearly.
ENR is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.17% yearly.
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
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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 6.49, 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.
The average S&P500 Price/Earnings ratio is at 27.30. ENR is valued rather cheaply when compared to this.
ENR is valuated cheaply with a Price/Forward Earnings ratio of 6.10.
Based on the Price/Forward Earnings ratio, ENR is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.76, ENR is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.49 | ||
| Fwd PE | 6.1 |
4.2 Price Multiples
ENR's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. ENR is cheaper than 91.67% of the companies in the same industry.
ENR's Price/Free Cash Flow ratio is rather cheap when compared to the industry. ENR is cheaper than 83.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.85 | ||
| EV/EBITDA | 8.17 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates ENR does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)2.53
PEG (5Y)5.79
EPS Next 2Y3.61%
EPS Next 3Y4.28%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.58%, ENR is a good candidate for dividend investing.
ENR's Dividend Yield is rather good when compared to the industry average which is at 2.97. ENR pays more dividend than 100.00% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.37, ENR pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.58% |
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%
21.75
+0.68 (+3.23%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupHousehold & Personal Products
GICS IndustryHousehold Products
Earnings (Last)
Earnings (Next)
Inst Owners88.26%
Inst Owner Change0%
Ins Owners0.72%
Ins Owner Change2.33%
Market Cap1.57B
Analysts70
Price Target30.6 (40.69%)
Short Float %6.84%
Short Ratio4.15
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.58% |
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)-18.92%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-26.48%
EPS NY rev (1m)0%
EPS NY rev (3m)-4.86%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.59%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.64%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.49 | ||
| Fwd PE | 6.1 | ||
| P/S | 0.54 | ||
| P/FCF | 8.85 | ||
| P/OCF | 5.63 | ||
| P/B | 11.73 | ||
| P/tB | N/A | ||
| EV/EBITDA | 8.17 |
EPS(TTM)3.35
EY15.4%
EPS(NY)3.56
Fwd EY16.39%
FCF(TTM)2.46
FCFY11.3%
OCF(TTM)3.86
OCFY17.76%
SpS40.2
BVpS1.85
TBVpS-26.93
PEG (NY)2.53
PEG (5Y)5.79
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 | 1.42 |
F-Score6
WACC5.71%
ROIC/WACC1.67
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%