DB:EGG

Stock Analysis Report

Energizer Holdings

Executive Summary

Energizer Holdings, Inc., together with its subsidiaries, manufactures, markets, and distributes household batteries, specialty batteries, and lighting products worldwide.


Snowflake Analysis

Reasonable growth potential and slightly overvalued.


Similar Companies

Share Price & News

How has Energizer Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: EGG's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-14.4%

EGG

2.8%

DE Household Products

-2.7%

DE Market


1 Year Return

-37.7%

EGG

-7.9%

DE Household Products

-20.4%

DE Market

Return vs Industry: EGG underperformed the German Household Products industry which returned -7.9% over the past year.

Return vs Market: EGG underperformed the German Market which returned -20.4% over the past year.


Shareholder returns

EGGIndustryMarket
7 Day-14.4%2.8%-2.7%
30 Day-32.5%-2.7%-18.4%
90 Day-38.8%-9.8%-26.7%
1 Year-36.0%-37.7%-5.6%-7.9%-18.1%-20.4%
3 Year-45.7%-49.6%-23.9%-28.7%-19.1%-25.9%
5 Yearn/a-9.0%-17.6%-19.5%-30.4%

Price Volatility Vs. Market

How volatile is Energizer Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Energizer Holdings undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: EGG (€26.2) is trading below our estimate of fair value (€84.39)

Significantly Below Fair Value: EGG is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: EGG is poor value based on its PE Ratio (82.6x) compared to the Household Products industry average (20.7x).

PE vs Market: EGG is poor value based on its PE Ratio (82.6x) compared to the German market (16.2x).


Price to Earnings Growth Ratio

PEG Ratio: EGG is poor value based on its PEG Ratio (1.6x)


Price to Book Ratio

PB vs Industry: EGG is overvalued based on its PB Ratio (3.4x) compared to the XE Household Products industry average (1.7x).


Next Steps

Future Growth

How is Energizer Holdings forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

50.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: EGG's forecast earnings growth (50.6% per year) is above the savings rate (-0.4%).

Earnings vs Market: EGG's earnings (50.6% per year) are forecast to grow faster than the German market (14.3% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: EGG's revenue (1.3% per year) is forecast to grow slower than the German market (4% per year).

High Growth Revenue: EGG's revenue (1.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: EGG's Return on Equity is forecast to be high in 3 years time (26.3%)


Next Steps

Past Performance

How has Energizer Holdings performed over the past 5 years?

-3.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: EGG has a large one-off loss of $139.4M impacting its December 31 2019 financial results.

Growing Profit Margin: EGG's current net profit margins (0.9%) are lower than last year (5.8%).


Past Earnings Growth Analysis

Earnings Trend: EGG's earnings have declined by -3.8% per year over the past 5 years.

Accelerating Growth: EGG's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: EGG had negative earnings growth (-77.2%) over the past year, making it difficult to compare to the Household Products industry average (8.3%).


Return on Equity

High ROE: EGG's Return on Equity (6.8%) is considered low.


Next Steps

Financial Health

How is Energizer Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: EGG's short term assets ($2.1B) exceed its short term liabilities ($1.1B).

Long Term Liabilities: EGG's short term assets ($2.1B) do not cover its long term liabilities ($3.8B).


Debt to Equity History and Analysis

Debt Level: EGG's debt to equity ratio (584.7%) is considered high.

Reducing Debt: Insufficient data to determine if EGG's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: EGG's debt is not well covered by operating cash flow (4.5%).

Interest Coverage: EGG's interest payments on its debt are not well covered by EBIT (1.9x coverage).


Balance Sheet

Inventory Level: EGG has a low level of unsold assets or inventory.

Debt Coverage by Assets: EGG's debt is not covered by short term assets (assets are 0.6x debt).


Next Steps

Dividend

What is Energizer Holdings's current dividend yield, its reliability and sustainability?

4.21%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: EGG's dividend (4.21%) is higher than the bottom 25% of dividend payers in the German market (1.65%).

High Dividend: EGG's dividend (4.21%) is low compared to the top 25% of dividend payers in the German market (4.86%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, EGG has been paying a dividend for less than 10 years.

Growing Dividend: EGG's dividend payments have increased, but the company has only paid a dividend for 5 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (348.1%), EGG's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: EGG's dividends in 3 years are forecast to be well covered by earnings (36.3% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.6yrs

Average management tenure


CEO

Alan Hoskins (58yo)

4.75s

Tenure

US$6,814,918

Compensation

Mr. Alan R. Hoskins has been the Chief Executive Officer at Energizer Holdings, Inc since July 2015 and had been its President since July 2015 until November 2019. Mr. Hoskins has been with Energizer for o ...


CEO Compensation Analysis

Compensation vs Market: Alan's total compensation ($USD6.81M) is above average for companies of similar size in the German market ($USD1.96M).

Compensation vs Earnings: Alan's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Alan Hoskins
CEO & Director4.75yrsUS$6.81m0.49% $8.9m
Mark LaVigne
President & COO0.42yrUS$2.57m0.14% $2.6m
Timothy Gorman
Executive VP & CFO2.83yrsUS$2.14m0.090% $1.6m
Emily Boss
Executive Counselno dataUS$1.44m0.058% $1.0m
Gregory Kinder
Executive Officerno dataUS$1.74m0.086% $1.5m
John Drabik
Senior VP0.42yrno data0.0099% $177.7k
Terence Calloway
CTO & VP of Research and Development3.5yrsno datano data
Jacqueline Burwitz
Vice President of Investor Relationsno datano datano data
Hannah Kim
Chief Legal Officer & Corporate Secretary0.42yrno data0.00073% $13.1k
Ruben Mella
Vice President of Communicationsno datano datano data

1.6yrs

Average Tenure

57yo

Average Age

Experienced Management: EGG's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Alan Hoskins
CEO & Director4.75yrsUS$6.81m0.49% $8.9m
Robert Vitale
Independent Director2.67yrsUS$230.51k0.026% $472.5k
Patrick Moore
Independent Chairman of the Board1.42yrsUS$301.51kno data
Kevin Hunt
Independent Director4.75yrsUS$211.51k0.023% $412.4k
Bill Armstrong
Independent Director4.75yrsUS$213.01k0.041% $729.8k
John Klein
Independent Director4.75yrsUS$213.01k0.011% $203.2k
Cynthia Brinkley
Independent Director4.75yrsUS$214.84k0.015% $267.5k
James Johnson
Independent Director4.75yrsUS$231.51kno data
Nneka Rimmer
Independent Director1.75yrsUS$213.01k0.0046% $83.2k
Rebecca Frankiewicz
Independent Director0.25yrno datano data

4.8yrs

Average Tenure

61.5yo

Average Age

Experienced Board: EGG's board of directors are considered experienced (4.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: EGG insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 15.2%.


Top Shareholders

Company Information

Energizer Holdings, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Energizer Holdings, Inc.
  • Ticker: EGG
  • Exchange: DB
  • Founded:
  • Industry: Household Products
  • Sector: Household
  • Market Cap: US$1.978b
  • Listing Market Cap: US$1.800b
  • Shares outstanding: 69.43m
  • Website: https://www.energizerholdings.com

Number of Employees


Location

  • Energizer Holdings, Inc.
  • 533 Maryville University Drive
  • St. Louis
  • Missouri
  • 63141
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
EGGDB (Deutsche Boerse AG)YesCommon StockDEEURJun 2015
ENRNYSE (New York Stock Exchange)YesCommon StockUSUSDJun 2015
ENR.PRANYSE (New York Stock Exchange)7.5 MCNV PFD AUSUSDJan 2019

Biography

Energizer Holdings, Inc., together with its subsidiaries, manufactures, markets, and distributes household batteries, specialty batteries, and lighting products worldwide. It offers lithium, alkaline, carbon zinc, nickel metal hydride, zinc air, and silver oxide batteries under the Energizer and Eveready brands, as well as primary, rechargeable, specialty, and hearing aid products. The company also provides headlights, lanterns, children’s and area lights, as well as flash lights under the Energizer, Eveready, Hard Case, Dolphin, and WeatherReady brands. In addition, it licenses the Energizer and Eveready brands to companies developing consumer solutions in gaming, automotive batteries, portable power for critical devices, LED light bulbs, and other lighting products. Further, the company designs and markets automotive fragrance and appearance products under the Armor All, Nu Finish, Scratch Doctor, Refresh Your Car!, LEXOL, Eagle One, California Scents, Driven, and Bahama & Co. brands. It sells its products through direct sales force, third party distributors, and wholesalers; and through various retail and business-to-business channels, including mass merchandisers and warehouse clubs, food stores, drug and convenience stores, electronics specialty stores and department stores, hardware and automotive centers, and military stores, as well as through e-commerce. Energizer Holdings, Inc. is headquartered in St. Louis, Missouri. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/01 23:35
End of Day Share Price2020/04/01 00:00
Earnings2019/12/31
Annual Earnings2019/09/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.