SPECTRUM BRANDS HOLDINGS INC (SPB) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:SPB - US84790A1051 - Common Stock
56.94 USD
-1.61 (-2.75%)
56.94 USD
0 (0%)
Overall SPB gets a fundamental rating of 4 out of 10. We evaluated SPB against 12 industry peers in the Household Products industry. While SPB seems to be doing ok healthwise, there are quite some concerns on its profitability. 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.
In the past 5 years SPB has always been profitable.
In multiple years SPB reported negative operating cash flow during the last 5 years.
1.2 Ratios
SPB has a Return On Assets of 2.96%. This is amonst the worse of the industry: SPB underperforms 91.67% of its industry peers.
SPB's Return On Equity of 5.23% is on the low side compared to the rest of the industry. SPB is outperformed by 83.33% of its industry peers.
The Return On Invested Capital of SPB (3.56%) is worse than 91.67% of its industry peers.
SPB had an Average Return On Invested Capital over the past 3 years of 2.40%. This is significantly below the industry average of 14.94%.
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
The Profit Margin of SPB (3.56%) is worse than 91.67% of its industry peers.
In the last couple of years the Profit Margin of SPB has grown nicely.
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.
In the last couple of years the Operating Margin of SPB has declined.
SPB's Gross Margin of 36.74% is in line compared to the rest of the industry. SPB outperforms 50.00% of its industry peers.
In the last couple of years the Gross Margin of SPB has remained more or less at the same level.
| 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.
The number of shares outstanding for SPB has been reduced compared to 1 year ago.
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's Debt to Equity ratio of 0.29 is amongst the best of 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/WACC0.51
WACC7.01%
2.3 Liquidity
A Current Ratio of 2.26 indicates that SPB has no problem at all paying its short term obligations.
The Current ratio of SPB (2.26) is better than 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.
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.
SPB shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -6.66% yearly.
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.
Based on estimates for the next years, SPB will show a small growth in Revenue. The Revenue will grow by 2.10% on average per year.
EPS Next Y-18.2%
EPS Next 2Y-7.15%
EPS Next 3Y3.83%
EPS Next 5Y20.96%
Revenue Next Year0.67%
Revenue Next 2Y0.65%
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
SPB is valuated reasonably with a Price/Earnings ratio of 10.26.
Based on the Price/Earnings ratio, SPB is valued cheaper than 91.67% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 26.41. SPB is valued rather cheaply when compared to this.
SPB is valuated correctly with a Price/Forward Earnings ratio of 12.54.
Based on the Price/Forward Earnings ratio, SPB is valued a bit cheaper than 75.00% of the companies in the same industry.
SPB's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 35.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.26 | ||
| Fwd PE | 12.54 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, SPB is valued cheaper than 83.33% of the companies in the same industry.
| 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-7.15%
EPS Next 3Y3.83%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.15%, SPB has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.28, SPB pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.32, SPB pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.15% |
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
48.25% of the earnings are spent on dividend by SPB. This is a bit on the high side, but may be sustainable.
The dividend of SPB is growing, but earnings are growing more, so the dividend growth is sustainable.
DP48.25%
EPS Next 2Y-7.15%
EPS Next 3Y3.83%
56.94
-1.61 (-2.75%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupHousehold & Personal Products
GICS IndustryHousehold Products
Earnings (Last)
Earnings (Next)
Inst Owners112.82%
Inst Owner Change-4.52%
Ins Owners3.51%
Ins Owner Change0%
Market Cap1.33B
Revenue(TTM)2.81B
Net Income(TTM)99.90M
Analysts77.14
Price Target79.31 (39.29%)
Short Float %14.62%
Short Ratio9.66
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.15% |
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)-1.11%
PT rev (3m)-1.11%
EPS NQ rev (1m)-0.31%
EPS NQ rev (3m)-1.21%
EPS NY rev (1m)-0.28%
EPS NY rev (3m)0.98%
Revenue NQ rev (1m)-1.02%
Revenue NQ rev (3m)-1.67%
Revenue NY rev (1m)-0.21%
Revenue NY rev (3m)0.14%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.26 | ||
| Fwd PE | 12.54 | ||
| 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)4.54
Fwd EY7.97%
FCF(TTM)7.07
FCFY12.42%
OCF(TTM)8.71
OCFY15.29%
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
WACC7.01%
ROIC/WACC0.51
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 3Y3.83%
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 Year0.67%
Revenue Next 2Y0.65%
Revenue Next 3Y0.96%
Revenue Next 5Y2.1%
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%.