SPECTRUM BRANDS HOLDINGS INC (SPB) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:SPB - US84790A1051 - Common Stock
59.84 USD
+0.16 (+0.27%)
59.84 USD
0 (0%)
Taking everything into account, SPB scores 5 out of 10 in our fundamental rating. SPB was compared to 12 industry peers in the Household Products industry. The financial health of SPB is average, but there are quite some concerns on its profitability. SPB has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year SPB was profitable.
SPB had a positive operating cash flow in the past year.
SPB had positive earnings in each of the past 5 years.
The reported operating cash flow has been mixed in the past 5 years: SPB reported negative operating cash flow in multiple years.
1.2 Ratios
Looking at the Return On Assets, with a value of 2.96%, SPB is doing worse than 91.67% of the companies in the same industry.
SPB has a worse Return On Equity (5.23%) than 83.33% of its industry peers.
The Return On Invested Capital of SPB (3.56%) is worse than 91.67% of its industry peers.
The Average Return On Invested Capital over the past 3 years for SPB is significantly below the industry average of 14.85%.
The 3 year average ROIC (2.40%) for SPB is below the current ROIC(3.56%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.96% | ||
| ROE | 5.23% | ||
| ROIC | 3.56% |
ROA(3y)13.49%
ROA(5y)9.05%
ROE(3y)27.54%
ROE(5y)20.23%
ROIC(3y)2.4%
ROIC(5y)2.07%
1.3 Margins
SPB's Profit Margin of 3.56% is on the low side compared to the rest of the industry. SPB is outperformed by 91.67% of its industry peers.
SPB's Profit Margin has improved in the last couple of years.
SPB has a Operating Margin of 5.96%. This is amonst the worse of the industry: SPB underperforms 91.67% of its industry peers.
SPB's Operating Margin has declined in the last couple of years.
The Gross Margin of SPB (36.74%) is comparable to the rest of the industry.
SPB's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 5.96% | ||
| PM (TTM) | 3.56% | ||
| GM | 36.74% |
OM growth 3Y92.89%
OM growth 5Y-11.59%
PM growth 3Y15.88%
PM growth 5Y7.59%
GM growth 3Y5.13%
GM growth 5Y1.02%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), SPB is destroying value.
Compared to 1 year ago, SPB has less shares outstanding
Compared to 5 years ago, SPB has less shares outstanding
Compared to 1 year ago, SPB has a worse debt to assets ratio.
2.2 Solvency
SPB has a debt to FCF ratio of 3.44. This is a good value and a sign of high solvency as SPB would need 3.44 years to pay back of all of its debts.
SPB's Debt to FCF ratio of 3.44 is in line compared to the rest of the industry. SPB outperforms 58.33% of its industry peers.
SPB has a Debt/Equity ratio of 0.29. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of SPB (0.29) is better than 91.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.29 | ||
| Debt/FCF | 3.44 | ||
| Altman-Z | N/A |
ROIC/WACC0.5
WACC7.16%
2.3 Liquidity
SPB has a Current Ratio of 2.26. This indicates that SPB is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 2.26, SPB is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
A Quick Ratio of 1.41 indicates that SPB should not have too much problems paying its short term obligations.
With a decent Quick ratio value of 1.41, SPB is doing good in the industry, outperforming 66.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.26 | ||
| Quick Ratio | 1.41 |
3. Growth
3.1 Past
SPB shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 24.16%, which is quite impressive.
SPB shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 5.78% yearly.
The Revenue has decreased by -5.22% in the past year.
The Revenue has been decreasing by -6.66% on average over the past years.
EPS 1Y (TTM)24.16%
EPS 3Y59.41%
EPS 5Y5.78%
EPS Q2Q%169.07%
Revenue 1Y (TTM)-5.22%
Revenue growth 3Y-3.57%
Revenue growth 5Y-6.66%
Sales Q2Q%-5.2%
3.2 Future
The Earnings Per Share is expected to grow by 20.96% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 2.10% on average over the next years.
EPS Next Y-16.47%
EPS Next 2Y-2.99%
EPS Next 3Y3.82%
EPS Next 5Y20.96%
Revenue Next Year0.28%
Revenue Next 2Y0.87%
Revenue Next 3Y0.96%
Revenue Next 5Y2.1%
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 accelerating.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 10.78, the valuation of SPB can be described as reasonable.
Based on the Price/Earnings ratio, SPB is valued cheaper than 91.67% of the companies in the same industry.
When comparing the Price/Earnings ratio of SPB to the average of the S&P500 Index (26.59), we can say SPB is valued rather cheaply.
With a Price/Forward Earnings ratio of 12.91, SPB is valued correctly.
Based on the Price/Forward Earnings ratio, SPB is valued a bit cheaper than the industry average as 75.00% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 24.03. SPB is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.78 | ||
| Fwd PE | 12.91 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, SPB is valued cheaply inside the industry as 83.33% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.46 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)1.86
EPS Next 2Y-2.99%
EPS Next 3Y3.82%
5. Dividend
5.1 Amount
SPB has a Yearly Dividend Yield of 3.11%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 2.77, SPB pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 1.87, SPB pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.11% |
5.2 History
The dividend of SPB has a limited annual growth rate of 2.43%.
SPB has paid a dividend for at least 10 years, which is a reliable track record.
SPB has decreased its dividend recently.
Dividend Growth(5Y)2.43%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
SPB pays out 48.25% of its income as dividend. This is a bit on the high side, but may be sustainable.
SPB's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP48.25%
EPS Next 2Y-2.99%
EPS Next 3Y3.82%
59.84
+0.16 (+0.27%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupHousehold & Personal Products
GICS IndustryHousehold Products
Earnings (Last)
Earnings (Next)
Inst Owners114.1%
Inst Owner Change-4.52%
Ins Owners3.64%
Ins Owner Change0.16%
Market Cap1.40B
Revenue(TTM)2.81B
Net Income(TTM)99.90M
Analysts77.14
Price TargetN/A
Short Float %13.77%
Short Ratio9.43
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.11% |
Yearly Dividend1.84
Dividend Growth(5Y)2.43%
DP48.25%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)90.29%
Min EPS beat(2)-4.18%
Max EPS beat(2)184.76%
EPS beat(4)2
Avg EPS beat(4)34.34%
Min EPS beat(4)-51.95%
Max EPS beat(4)184.76%
EPS beat(8)4
Avg EPS beat(8)44.48%
EPS beat(12)6
Avg EPS beat(12)23.5%
EPS beat(16)6
Avg EPS beat(16)4.11%
Revenue beat(2)0
Avg Revenue beat(2)-4.52%
Min Revenue beat(2)-6.67%
Max Revenue beat(2)-2.37%
Revenue beat(4)0
Avg Revenue beat(4)-3.62%
Min Revenue beat(4)-6.67%
Max Revenue beat(4)-1.64%
Revenue beat(8)4
Avg Revenue beat(8)-0.94%
Revenue beat(12)4
Avg Revenue beat(12)-2.21%
Revenue beat(16)6
Avg Revenue beat(16)-2.53%
PT rev (1m)0%
PT rev (3m)-1.11%
EPS NQ rev (1m)-7.34%
EPS NQ rev (3m)5.8%
EPS NY rev (1m)2.11%
EPS NY rev (3m)3.12%
Revenue NQ rev (1m)-0.1%
Revenue NQ rev (3m)-1.67%
Revenue NY rev (1m)-0.38%
Revenue NY rev (3m)-0.59%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.78 | ||
| Fwd PE | 12.91 | ||
| P/S | 0.5 | ||
| P/FCF | 8.46 | ||
| P/OCF | 6.87 | ||
| P/B | 0.73 | ||
| P/tB | 13.29 | ||
| EV/EBITDA | N/A |
EPS(TTM)5.55
EY9.27%
EPS(NY)4.64
Fwd EY7.75%
FCF(TTM)7.07
FCFY11.82%
OCF(TTM)8.71
OCFY14.55%
SpS120.15
BVpS81.68
TBVpS4.5
PEG (NY)N/A
PEG (5Y)1.86
Graham Number101
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.96% | ||
| ROE | 5.23% | ||
| ROCE | 5.86% | ||
| ROIC | 3.56% | ||
| ROICexc | 3.72% | ||
| ROICexgc | 10.95% | ||
| OM | 5.96% | ||
| PM (TTM) | 3.56% | ||
| GM | 36.74% | ||
| FCFM | 5.88% |
ROA(3y)13.49%
ROA(5y)9.05%
ROE(3y)27.54%
ROE(5y)20.23%
ROIC(3y)2.4%
ROIC(5y)2.07%
ROICexc(3y)2.72%
ROICexc(5y)2.29%
ROICexgc(3y)8.28%
ROICexgc(5y)6.32%
ROCE(3y)3.96%
ROCE(5y)3.4%
ROICexgc growth 3Y147.57%
ROICexgc growth 5Y-18.62%
ROICexc growth 3Y117.08%
ROICexc growth 5Y-12.66%
OM growth 3Y92.89%
OM growth 5Y-11.59%
PM growth 3Y15.88%
PM growth 5Y7.59%
GM growth 3Y5.13%
GM growth 5Y1.02%
F-Score5
Asset Turnover0.83
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.29 | ||
| Debt/FCF | 3.44 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | 1.36% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | N/A | ||
| Profit Quality | 165.47% | ||
| Current Ratio | 2.26 | ||
| Quick Ratio | 1.41 | ||
| Altman-Z | N/A |
F-Score5
WACC7.16%
ROIC/WACC0.5
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)1.62%
Cap/Sales(5y)1.67%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)24.16%
EPS 3Y59.41%
EPS 5Y5.78%
EPS Q2Q%169.07%
EPS Next Y-16.47%
EPS Next 2Y-2.99%
EPS Next 3Y3.82%
EPS Next 5Y20.96%
Revenue 1Y (TTM)-5.22%
Revenue growth 3Y-3.57%
Revenue growth 5Y-6.66%
Sales Q2Q%-5.2%
Revenue Next Year0.28%
Revenue Next 2Y0.87%
Revenue Next 3Y0.96%
Revenue Next 5Y2.1%
EBIT growth 1Y-7.15%
EBIT growth 3Y86%
EBIT growth 5Y-17.48%
EBIT Next Year117.26%
EBIT Next 3Y30.24%
EBIT Next 5YN/A
FCF growth 1Y39.38%
FCF growth 3YN/A
FCF growth 5Y-6.34%
OCF growth 1Y25.22%
OCF growth 3YN/A
OCF growth 5Y-6.85%
SPECTRUM BRANDS HOLDINGS INC / SPB FAQ
Can you provide the ChartMill fundamental rating for SPECTRUM BRANDS HOLDINGS INC?
ChartMill assigns a fundamental rating of 5 / 10 to SPB.
What is the valuation status of SPECTRUM BRANDS HOLDINGS INC (SPB) stock?
ChartMill assigns a valuation rating of 5 / 10 to SPECTRUM BRANDS HOLDINGS INC (SPB). This can be considered as Fairly Valued.
What is the profitability of SPB stock?
SPECTRUM BRANDS HOLDINGS INC (SPB) has a profitability rating of 3 / 10.
Can you provide the financial health for SPB stock?
The financial health rating of SPECTRUM BRANDS HOLDINGS INC (SPB) is 5 / 10.
Can you provide the dividend sustainability for SPB stock?
The dividend rating of SPECTRUM BRANDS HOLDINGS INC (SPB) is 6 / 10 and the dividend payout ratio is 48.25%.