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Spectrum Brands Holdings

DB:H221
Snowflake Description

Undervalued with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
H221
DB
$3B
Market Cap
  1. Home
  2. DE
  3. Household
Company description

Spectrum Brands Holdings, Inc. operates as a branded consumer products company worldwide. The last earnings update was 76 days ago. More info.


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H221 Share Price and Events
7 Day Returns
2.7%
DB:H221
1%
Europe Household Products
1%
DE Market
1 Year Returns
-
DB:H221
1.6%
Europe Household Products
-5.6%
DE Market
H221 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Spectrum Brands Holdings (H221) 2.7% 12.3% 18.5% - - -
Europe Household Products 1% -3.3% 5.3% 1.6% -12.4% 16.3%
DE Market 1% 6.1% 8.4% -5.6% 10.9% 13.8%
1 Year Return vs Industry and Market
  • No trading data on H221.
  • No trading data on H221.
Price Volatility
Industry
5yr Volatility vs Market

Value

 Is Spectrum Brands Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Spectrum Brands Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Spectrum Brands Holdings.

DB:H221 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 7 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.2%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:H221
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Household Products Unlevered Beta Simply Wall St/ S&P Global 0.33
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.333 (1 + (1- 21%) (156.48%))
0.829
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.83
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.829 * 5.96%)
5.17%

Discounted Cash Flow Calculation for DB:H221 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Spectrum Brands Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:H221 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 5.17%)
2019 285.00 Analyst x1 270.99
2020 366.00 Analyst x1 330.90
2021 315.44 Est @ -13.81% 271.17
2022 285.15 Est @ -9.6% 233.08
2023 266.18 Est @ -6.65% 206.88
2024 253.97 Est @ -4.59% 187.68
2025 245.99 Est @ -3.14% 172.85
2026 240.74 Est @ -2.13% 160.85
2027 237.31 Est @ -1.42% 150.76
2028 235.11 Est @ -0.93% 142.02
Present value of next 10 years cash flows $2,127.17
DB:H221 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $235.11 × (1 + 0.23%) ÷ (5.17% – 0.23%)
$4,768.04
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $4,768.04 ÷ (1 + 5.17%)10
$2,880.14
DB:H221 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $2,127.17 + $2,880.14
$5,007.31
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $5,007.31 / 49.20
$101.78
DB:H221 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:H221 represents 0.88976x of NYSE:SPB
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.88976x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 101.78 x 0.88976
€90.56
Value per share (EUR) From above. €90.56
Current discount Discount to share price of €54.64
= -1 x (€54.64 - €90.56) / €90.56
39.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Spectrum Brands Holdings is available for.
Intrinsic value
40%
Share price is €54.64 vs Future cash flow value of €90.56
Current Discount Checks
For Spectrum Brands Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Spectrum Brands Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Spectrum Brands Holdings's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Spectrum Brands Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Spectrum Brands Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:H221 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-30) in USD $3.44
NYSE:SPB Share Price ** NYSE (2019-04-24) in USD $61.41
Europe Household Products Industry PE Ratio Median Figure of 5 Publicly-Listed Household Products Companies 17.98x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.72x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Spectrum Brands Holdings.

DB:H221 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:SPB Share Price ÷ EPS (both in USD)

= 61.41 ÷ 3.44

17.84x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Spectrum Brands Holdings is good value based on earnings compared to the Europe Household Products industry average.
  • Spectrum Brands Holdings is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Spectrum Brands Holdings's expected growth come at a high price?
Raw Data
DB:H221 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 17.84x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
46.3%per year
Europe Household Products Industry PEG Ratio Median Figure of 5 Publicly-Listed Household Products Companies 1.94x
Germany Market PEG Ratio Median Figure of 269 Publicly-Listed Companies 1.58x

*Line of best fit is calculated by linear regression .

DB:H221 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 17.84x ÷ 46.3%

0.38x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Spectrum Brands Holdings is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Spectrum Brands Holdings's assets?
Raw Data
DB:H221 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-30) in USD $26.17
NYSE:SPB Share Price * NYSE (2019-04-24) in USD $61.41
Europe Household Products Industry PB Ratio Median Figure of 8 Publicly-Listed Household Products Companies 2.44x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.87x
DB:H221 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:SPB Share Price ÷ Book Value per Share (both in USD)

= 61.41 ÷ 26.17

2.35x

* Primary Listing of Spectrum Brands Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Spectrum Brands Holdings is good value based on assets compared to the Europe Household Products industry average.
X
Value checks
We assess Spectrum Brands Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Household Products industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Household Products industry average (and greater than 0)? (1 check)
  5. Spectrum Brands Holdings has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Spectrum Brands Holdings expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
46.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Spectrum Brands Holdings expected to grow at an attractive rate?
  • Spectrum Brands Holdings's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Spectrum Brands Holdings's earnings growth is expected to exceed the Germany market average.
  • Spectrum Brands Holdings's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:H221 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:H221 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 46.3%
DB:H221 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 1.7%
Europe Household Products Industry Earnings Growth Rate Market Cap Weighted Average 6.9%
Europe Household Products Industry Revenue Growth Rate Market Cap Weighted Average 3.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:H221 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:H221 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-09-30 3,829 1
2022-09-30 3,790 1
2021-09-30 3,753 1
2020-09-30 3,798 446 185 7
2019-09-30 3,740 327 0 7
DB:H221 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-30 3,101 92 145
2018-09-30 3,146 343 201
2018-06-30 3,419 554 296
2018-03-31 3,337 545 -119
2017-12-31 3,328 699 -120
2017-09-30 3,011 840 -236
2017-06-30 3,473 757 -215
2017-03-31 3,972 1,039 -128
2016-12-31 4,410 1,083 -80
2016-09-30 3,038 913 -97
2016-06-30 5,042 867 235
2016-03-31 4,977 570 4

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Spectrum Brands Holdings's earnings are expected to grow significantly at over 20% yearly.
  • Spectrum Brands Holdings's revenue is expected to grow by 1.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:H221 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from Spectrum Brands Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:H221 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-09-30
2022-09-30
2021-09-30
2020-09-30 3.50 4.00 3.18 3.00
2019-09-30 1.58 1.58 1.58 1.00
DB:H221 Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-30 3.44
2018-09-30 5.44
2018-06-30 9.11
2018-03-31 -3.69
2017-12-31 -3.72
2017-09-30 -7.34
2017-06-30 -6.68
2017-03-31 -4.00
2016-12-31 -2.49
2016-09-30 -3.04
2016-06-30 7.35
2016-03-31 0.13

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Spectrum Brands Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Spectrum Brands Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Spectrum Brands Holdings has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Spectrum Brands Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Spectrum Brands Holdings's growth in the last year to its industry (Household Products).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Spectrum Brands Holdings has delivered over 20% year on year earnings growth in the past 5 years.
  • Spectrum Brands Holdings has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Spectrum Brands Holdings has become profitable in the last year making it difficult to compare the Europe Household Products industry average.
Earnings and Revenue History
Spectrum Brands Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Spectrum Brands Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:H221 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-30 3,100.90 145.20 774.50 27.90
2018-09-30 3,145.90 200.70 770.30 28.30
2018-06-30 3,419.10 295.50 842.30 24.70
2018-03-31 3,336.60 -119.30 827.60 38.70
2017-12-31 3,327.90 -120.00 817.00 38.70
2017-09-30 3,010.60 -236.40 785.10 27.20
2017-06-30 3,472.50 -214.80 915.10 20.90
2017-03-31 3,972.30 -128.30 1,061.60
2016-12-31 4,409.50 -79.90 1,165.20
2016-09-30 3,038.30 -97.30 823.40 27.00
2016-06-30 5,042.40 235.20 1,197.40
2016-03-31 4,977.00 4.10 1,188.30
2015-12-31 4,916.80 -239.90 1,198.30
2015-09-30 4,753.80 -264.10 1,281.10
2015-06-30 5,064.60 -545.70 1,234.10
2015-03-31 5,182.00 -318.20 1,213.10
2014-12-31 5,347.90 -171.70 1,175.90
2014-09-30 4,545.40 -171.20 1,119.90
2014-06-30 5,483.90 -246.80 1,137.10
2014-03-31 5,420.00 -232.20 1,100.70
2013-12-31 5,324.10 -190.10 1,113.80
2013-09-30 5,031.80 -94.20 1,008.50
2013-06-30 4,672.50 224.80 937.00
2013-03-31 4,346.70 12.10 879.30
2012-12-30 4,084.40 59.80 777.80
2012-09-30 4,070.70 20.60 764.20
2012-07-01 3,917.84 -212.39 770.66

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Spectrum Brands Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Spectrum Brands Holdings used its assets less efficiently than the Europe Household Products industry average last year based on Return on Assets.
  • Spectrum Brands Holdings has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Spectrum Brands Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Household Products industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Spectrum Brands Holdings has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Spectrum Brands Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Spectrum Brands Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Spectrum Brands Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Spectrum Brands Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Spectrum Brands Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Spectrum Brands Holdings Company Filings, last reported 3 months ago.

DB:H221 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-30 1,405.90 4,727.50 256.10
2018-09-30 1,589.60 4,672.50 554.30
2018-06-30 1,689.80 5,260.20 816.60
2018-03-31 1,343.70 5,318.70 760.20
2017-12-31 1,627.60 5,823.10 1,647.70
2017-09-30 1,946.90 5,705.60 270.10
2017-06-30 1,896.70 6,033.50 266.40
2017-03-31 1,768.30 5,623.90 320.30
2016-12-31 1,669.40 5,459.70 348.80
2016-09-30 1,817.20 5,525.80 465.20
2016-06-30 1,688.60 5,946.30 487.50
2016-03-31 1,507.90 6,234.10 465.60
2015-12-31 1,373.00 6,287.30 576.40
2015-09-30 1,588.10 5,985.80 694.00
2015-06-30 1,871.80 6,834.90 1,335.10
2015-03-31 1,864.10 5,625.90 1,357.40
2014-12-31 2,082.00 5,667.90 1,403.50
2014-09-30 2,257.00 5,157.80 1,424.30
2014-06-30 2,350.70 5,305.30 1,553.20
2014-03-31 1,742.70 5,396.30 1,451.60
2013-12-31 1,993.10 5,165.90 1,283.90
2013-09-30 1,462.90 4,896.10 1,981.20
2013-06-30 1,732.70 4,554.30 1,273.70
2013-03-31 1,925.40 4,596.70 1,491.60
2012-12-30 1,991.40 3,917.80 1,131.80
2012-09-30 2,150.10 2,167.00 1,605.10
2012-07-01 1,597.62 2,324.66 2,037.07
  • Spectrum Brands Holdings's level of debt (336.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (259.2% vs 336.3% today).
  • Debt is not well covered by operating cash flow (1.9%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.4x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Spectrum Brands Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Spectrum Brands Holdings has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.74%
Current annual income from Spectrum Brands Holdings dividends. Estimated to be 2.83% next year.
If you bought €2,000 of Spectrum Brands Holdings shares you are expected to receive €55 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Spectrum Brands Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.44%).
  • Spectrum Brands Holdings's dividend is below the markets top 25% of dividend payers in Germany (3.7%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:H221 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
Europe Household Products Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 2.5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:H221 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-09-30
2022-09-30
2021-09-30 1.86 1.00
2020-09-30 1.74 2.00
2019-09-30 1.68 2.00
DB:H221 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-01-28 1.680 3.027
2018-11-13 1.680 3.446
2018-07-24 1.680 2.182
2018-07-16 10.419 13.322

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • It is too early to tell whether Spectrum Brands Holdings has stable dividend payments.
  • Spectrum Brands Holdings only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of Spectrum Brands Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.4x coverage).
X
Income/ dividend checks
We assess Spectrum Brands Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Spectrum Brands Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Spectrum Brands Holdings has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Spectrum Brands Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
David Maura
COMPENSATION $4,523,628
AGE 46
TENURE AS CEO 1.3 years
CEO Bio

Mr. David M. Maura, CFA, has been the Chairman, President and Chief Executive Officer at Mosaic Acquisition Corp., since October 2017. Mr. Maura has been Chief Executive Officer of Spectrum Brands Legacy, Inc. since April 26, 2018. He has been Executive Chairman of Spectrum Brands Holdings, Inc. since January 20, 2016 and its Chief Executive Officer since April 25, 2018. He served as the Managing Director and an Executive Vice President of Investments at HRG Group, Inc. from October 2011 to November 28, 2016. He served as a Vice President and Director of Investments of Harbinger Capital Partners from 2006 to 2012, where he was responsible for investments in consumer products, agriculture and retail sectors. He served as an exclusive Consultant for Harbinger Capital Partners, providing fundamental and valuation analysis as well as idea generation within the consumer related industries. Prior to Harbinger Capital Partners in November 2006, he served as Managing Director and Senior Research Analyst at First Albany Capital, where he focused on distressed debt and special situations primarily in the consumer products and retail sectors. Prior to First Albany, he was a Director and Senior High Yield Research Analyst in Global High Yield Research at Merrill Lynch & Co. He served as an Equity Analyst at Wachovia Securities, LLC, Research Division, BofA Merrill Lynch, Research Division, Wells Fargo Securities, LLC, Research Division and Gleacher & Company, Inc., Research Division. Mr. Maura was a Vice President and Senior Analyst in the High Yield Group at Wachovia Securities, where he covered various consumer product, service, and retail companies. Mr. Maura began his career at ZPR Investment Management as a Financial Analyst. He serves as the Chairman at SB/RH Holdings, LLC. He has been Chairman and Director of Spectrum Brands Legacy, Inc. since June 2010. He served as an Interim Chairman of Spectrum Brands Holdings, Inc. from June 2010 to July 2011 and served as its Chairman of the Board of Directors since July 2011 until January 20, 2016. He served as a Director of HRG Group, Inc. (formerly Harbinger Group Inc.) from May 12, 2011 to December 31, 2017 and Spectrum Brands Holdings, Inc. since June 2010. He served as a Director of Russell Hobbs, Inc. (Also known as Salton Inc.) until January 23, 2007. He served as a Director of Applica, Inc. He served on the Board of Directors of Ferrous Resources, Ltd. Mr. Maura has broad experience in M&A, the consumer products and retail sector, finance and investments. He was designated as a CFA in 1995. Mr. Maura graduated from Stetson University in 1994 with a Bachelor of Science degree in Business Administration.

CEO Compensation
  • David's compensation has been consistent with company performance over the past year.
  • David's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Spectrum Brands Holdings management team in years:

0.6
Average Tenure
48.5
Average Age
  • The average tenure for the Spectrum Brands Holdings management team is less than 2 years, this suggests a new team.
Management Team

David Maura

TITLE
Executive Chairman & CEO
COMPENSATION
$5M
AGE
46
TENURE
1.3 yrs

Doug Martin

TITLE
Executive VP & CFO
COMPENSATION
$2M
AGE
56
TENURE
0.8 yrs

Ehsan Zargar

TITLE
Executive VP
COMPENSATION
$6M
AGE
41
TENURE
0.5 yrs

Randy Lewis

TITLE
Senior VP & COO
AGE
51
TENURE
0.5 yrs
Board of Directors Tenure

Average tenure and age of the Spectrum Brands Holdings board of directors in years:

1
Average Tenure
58
Average Age
  • The average tenure for the Spectrum Brands Holdings board of directors is less than 3 years, this suggests a new board.
Board of Directors

David Maura

TITLE
Executive Chairman & CEO
COMPENSATION
$5M
AGE
46
TENURE
1.3 yrs

Terry Polistina

TITLE
Lead Independent Director
COMPENSATION
$499K
AGE
55

Norm Matthews

TITLE
Director
COMPENSATION
$429K
AGE
85
TENURE
0.8 yrs

Kenneth Ambrecht

TITLE
Director
COMPENSATION
$429K
AGE
72
TENURE
0.8 yrs

Joe Steinberg

TITLE
Director
AGE
73
TENURE
4.8 yrs

Hugh Rovit

TITLE
Director
COMPENSATION
$414K
AGE
58
TENURE
1.3 yrs

Sherianne James

TITLE
Director
AGE
48
TENURE
0.5 yrs

David Harris

TITLE
Independent Director
COMPENSATION
$51K
AGE
58
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
27. Nov 18 Sell Jefferies Financial Group Inc.,Asset Management Arm Company 05. Nov 18 05. Nov 18 -1,779 €57.90 €-103,003
X
Management checks
We assess Spectrum Brands Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Spectrum Brands Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Spectrum Brands Holdings, Inc. operates as a branded consumer products company worldwide. The company’s Hardware & Home Improvement segment offers hardware products under the National Hardware, Stanley, and FANAL brands; locksets and door hardware under the Kwikset, Weiser, Baldwin, EZSET, and Tell brands; and plumbing products under the Pfister brand. Its Global Pet Supplies segment provides dog, cat, and small animal food and treats; clean-up and training aid products and accessories; and pet health and grooming products under the 8IN1 (8-in-1), Dingo, Nature's Miracle, Wild Harvest, Littermaid, Jungle, Excel, FURminator, IAMS, Eukanuba, Healthy-Hide, DreamBone, SmartBones, GloFish, ProSense, Perfect Coat, eCOTRITION, Birdola, and Digest-eeze brands. It also offers aquariums and aquatic health supplies under the Tetra, Marineland, Whisper, and Instant Ocean brand names. The company’s Home and Garden segment provides outdoor insect and weed control solutions, and animal repellents under the Spectracide, Garden Safe, Liquid Fence, and EcoLogic brands; household pest controls under the Hot Shot, Black Flag, Real-Kill, Ultra Kill, The Ant Trap, and Rid-A-Bug brand names; and personal-use pesticides under the Cutter and Repel brands. Its Global Auto Care segment offers protectants, wipes, tire and wheel care products, glass cleaners, leather care products, air fresheners, and washes under the Armor All brand; automotive fuel and oil additives, and functional fluids under the STP brand name; and do-it-yourself air conditioner recharge products, refrigerant and oil recharge kits, sealants, and accessories under the A/C PRO brand. The company sells its products through retailers, e-commerce and online retailers, wholesalers and distributors, construction companies, and original equipment manufacturers. The company was formerly known as HRG Group, Inc. and changed its name to Spectrum Brands Holdings, Inc. in July 2018. The company is headquartered in Middleton, Wisconsin.

Details
Name: Spectrum Brands Holdings, Inc.
H221
Exchange: DB
Founded:
$2,699,388,254
49,196,216
Website: http://www.spectrumbrands.com
Address: Spectrum Brands Holdings, Inc.
3001 Deming Way,
Middleton,
Wisconsin, 53562,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE SPB Common Stock New York Stock Exchange US USD 16. Jul 2018
DB H221 Common Stock Deutsche Boerse AG DE EUR 16. Jul 2018
Number of employees
Current staff
Staff numbers
13,000
Spectrum Brands Holdings employees.
Industry
Household Products
Household
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/24 23:43
End of day share price update: 2019/04/24 00:00
Last estimates confirmation: 2019/04/19
Last earnings filing: 2019/02/07
Last earnings reported: 2018/12/30
Last annual earnings reported: 2018/09/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.