SPECTRUM BRANDS HOLDINGS INC (SPB) Stock Fundamental Analysis
USA - NYSE:SPB - US84790A1051 - Common Stock
54.32 USD
-0.34 (-0.62%)
54.32 USD
0 (0%)
SPB gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 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 correct valuation and a medium 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.
In the past 5 years SPB has always been profitable.
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
The Return On Assets of SPB (2.96%) is worse than 91.67% of its industry peers.
Looking at the Return On Equity, with a value of 5.23%, SPB is doing worse than 83.33% of the companies in the same industry.
With a Return On Invested Capital value of 3.56%, SPB is not doing good in the industry: 91.67% of the companies in the same industry are doing better.
The Average Return On Invested Capital over the past 3 years for SPB is significantly below the industry average of 14.82%.
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.
SPB has a Gross Margin (36.74%) which 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
The debt/assets ratio for SPB is higher compared to a year ago.
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 has a Debt to FCF ratio of 3.44. This is comparable to the rest of the industry: SPB outperforms 58.33% of its industry peers.
A Debt/Equity ratio of 0.29 indicates that SPB is not too dependend on debt financing.
SPB has a Debt to Equity ratio of 0.29. This is amongst the best in the industry. SPB outperforms 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
WACC7.05%
2.3 Liquidity
A Current Ratio of 2.26 indicates that SPB has no problem at all paying its short term obligations.
SPB has a better Current ratio (2.26) than 66.67% of its industry peers.
A Quick Ratio of 1.41 indicates that SPB should not have too much problems paying 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
The Earnings Per Share has grown by an impressive 24.16% over the past year.
The Earnings Per Share has been growing slightly by 5.78% on average over the past years.
SPB shows a decrease in Revenue. In the last year, the revenue decreased by -5.22%.
Measured over the past years, SPB shows a decrease in Revenue. The Revenue has been decreasing by -6.66% on average per year.
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 19.16% on average over the next years. This is quite good.
SPB is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.35% yearly.
EPS Next Y-18.2%
EPS Next 2Y-7.15%
EPS Next 3Y3.9%
EPS Next 5Y19.16%
Revenue Next Year0.67%
Revenue Next 2Y0.65%
Revenue Next 3Y1.21%
Revenue Next 5Y2.35%
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.
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
With a Price/Earnings ratio of 9.79, the valuation of SPB can be described as very reasonable.
Based on the Price/Earnings ratio, SPB is valued cheaper than 91.67% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 25.07, SPB is valued rather cheaply.
SPB is valuated reasonably with a Price/Forward Earnings ratio of 11.96.
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.
SPB is valuated cheaply when we compare the Price/Forward Earnings ratio to 34.08, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.79 | ||
| Fwd PE | 11.96 |
4.2 Price Multiples
SPB's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. SPB is cheaper than 75.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.96 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)1.69
EPS Next 2Y-7.15%
EPS Next 3Y3.9%
5. Dividend
5.1 Amount
SPB has a Yearly Dividend Yield of 3.46%.
SPB's Dividend Yield is a higher than the industry average which is at 3.30.
Compared to an average S&P500 Dividend Yield of 2.44, SPB pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.46% |
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-7.15%
EPS Next 3Y3.9%
54.32
-0.34 (-0.62%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupHousehold & Personal Products
GICS IndustryHousehold Products
Earnings (Last)
Earnings (Next)
Inst Owners112.82%
Inst Owner Change-4.53%
Ins Owners3.51%
Ins Owner Change0%
Market Cap1.32B
Revenue(TTM)2.81B
Net Income(TTM)99.90M
Analysts77.14
Price Target79.31 (46.01%)
Short Float %14.09%
Short Ratio9.28
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.46% |
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)-0.79%
PT rev (3m)-3.55%
EPS NQ rev (1m)-0.55%
EPS NQ rev (3m)1.82%
EPS NY rev (1m)0%
EPS NY rev (3m)-1.83%
Revenue NQ rev (1m)-0.32%
Revenue NQ rev (3m)0.91%
Revenue NY rev (1m)-0.11%
Revenue NY rev (3m)-0.7%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.79 | ||
| Fwd PE | 11.96 | ||
| P/S | 0.47 | ||
| P/FCF | 7.96 | ||
| P/OCF | 6.46 | ||
| P/B | 0.69 | ||
| P/tB | 12.49 | ||
| EV/EBITDA | N/A |
EPS(TTM)5.55
EY10.22%
EPS(NY)4.54
Fwd EY8.36%
FCF(TTM)6.83
FCFY12.57%
OCF(TTM)8.41
OCFY15.48%
SpS116.03
BVpS78.88
TBVpS4.35
PEG (NY)N/A
PEG (5Y)1.69
Graham Number99.25
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
WACC7.05%
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-18.2%
EPS Next 2Y-7.15%
EPS Next 3Y3.9%
EPS Next 5Y19.16%
Revenue 1Y (TTM)-5.22%
Revenue growth 3Y-3.57%
Revenue growth 5Y-6.66%
Sales Q2Q%-5.2%
Revenue Next Year0.67%
Revenue Next 2Y0.65%
Revenue Next 3Y1.21%
Revenue Next 5Y2.35%
EBIT growth 1Y-7.15%
EBIT growth 3Y86%
EBIT growth 5Y-17.48%
EBIT Next Year116.55%
EBIT Next 3YN/A
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%.