SPECTRUM BRANDS HOLDINGS INC (SPB) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:SPB - US84790A1051 - Common Stock
56.93 USD
-0.26 (-0.45%)
56.93 USD
0 (0%)
Taking everything into account, SPB scores 4 out of 10 in our fundamental rating. SPB was compared to 12 industry peers in the Household Products industry. SPB scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. SPB is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
SPB had positive earnings in the past year.
SPB had a positive operating cash flow in the past year.
SPB had positive earnings in each of the past 5 years.
In multiple years SPB reported negative operating cash flow during the last 5 years.
1.2 Ratios
The Return On Assets of SPB (2.96%) is worse than 91.67% of its industry peers.
With a Return On Equity value of 5.23%, SPB is not doing good in the industry: 83.33% of the companies in the same industry are doing better.
SPB's Return On Invested Capital 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.
The Average Return On Invested Capital over the past 3 years for SPB is significantly below the industry average of 14.97%.
The last Return On Invested Capital (3.56%) for SPB is above the 3 year average (2.40%), which is a sign of increasing profitability.
| 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
Looking at the Profit Margin, with a value of 3.56%, SPB is doing worse than 91.67% of the companies in the same industry.
SPB's Profit Margin has improved in the last couple of years.
SPB's Operating Margin of 5.96% is on the low side compared to the rest of the industry. SPB is outperformed by 91.67% of its industry peers.
SPB's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 36.74%, SPB is in line with its industry, outperforming 50.00% of the companies in the same 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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so SPB is destroying value.
SPB has less shares outstanding than it did 1 year ago.
The number of shares outstanding for SPB has been reduced compared to 5 years ago.
SPB has a worse debt/assets ratio than last year.
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.
The Debt to FCF ratio of SPB (3.44) is comparable to the rest of the industry.
SPB has a Debt/Equity ratio of 0.29. This is a healthy value indicating a solid balance between debt and equity.
With an excellent Debt to Equity ratio value of 0.29, SPB belongs to the best of the industry, outperforming 91.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.29 | ||
| Debt/FCF | 3.44 | ||
| Altman-Z | N/A |
ROIC/WACC0.5
WACC7.07%
2.3 Liquidity
A Current Ratio of 2.26 indicates that SPB has no problem at all paying its short term obligations.
SPB's Current ratio of 2.26 is fine compared to the rest of the industry. SPB outperforms 66.67% of its industry peers.
SPB has a Quick Ratio of 1.41. This is a normal value and indicates that SPB is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.41, SPB is in the better half of 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.
Measured over the past 5 years, SPB shows a small growth in Earnings Per Share. The EPS has been growing by 5.78% on average per year.
SPB shows a decrease in Revenue. In the last year, the revenue decreased by -5.22%.
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
SPB is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 20.96% yearly.
SPB is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.10% yearly.
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
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 accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 10.26 indicates a reasonable valuation of SPB.
91.67% of the companies in the same industry are more expensive than SPB, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 26.34, SPB is valued rather cheaply.
With a Price/Forward Earnings ratio of 12.28, SPB is valued correctly.
Based on the Price/Forward Earnings ratio, SPB is valued a bit cheaper than 75.00% of the companies in the same industry.
SPB is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 23.56, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.26 | ||
| Fwd PE | 12.28 |
4.2 Price Multiples
83.33% of the companies in the same industry are more expensive than SPB, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.05 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)1.77
EPS Next 2Y-2.99%
EPS Next 3Y3.82%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.30%, SPB has a reasonable but not impressive dividend return.
SPB's Dividend Yield is a higher than the industry average which is at 3.35.
SPB's Dividend Yield is a higher than the S&P500 average which is at 2.31.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.3% |
5.2 History
The dividend of SPB has a limited annual growth rate of 2.43%.
SPB has been paying a dividend for at least 10 years, so it has a reliable track record.
The dividend of SPB decreased 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%
56.93
-0.26 (-0.45%)
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%
Market Cap1.33B
Revenue(TTM)2.81B
Net Income(TTM)99.90M
Analysts77.14
Price Target79.31 (39.31%)
Short Float %14.62%
Short Ratio9.66
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.3% |
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)-0.32%
PT rev (3m)-1.11%
EPS NQ rev (1m)6.77%
EPS NQ rev (3m)5.8%
EPS NY rev (1m)2.11%
EPS NY rev (3m)3.12%
Revenue NQ rev (1m)-1.02%
Revenue NQ rev (3m)-1.67%
Revenue NY rev (1m)-0.38%
Revenue NY rev (3m)-0.24%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.26 | ||
| Fwd PE | 12.28 | ||
| P/S | 0.47 | ||
| P/FCF | 8.05 | ||
| P/OCF | 6.54 | ||
| P/B | 0.7 | ||
| P/tB | 12.64 | ||
| EV/EBITDA | N/A |
EPS(TTM)5.55
EY9.75%
EPS(NY)4.64
Fwd EY8.14%
FCF(TTM)7.07
FCFY12.42%
OCF(TTM)8.71
OCFY15.3%
SpS120.15
BVpS81.68
TBVpS4.5
PEG (NY)N/A
PEG (5Y)1.77
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
WACC7.07%
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 4 / 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 5 / 10 and the dividend payout ratio is 48.25%.