EnerSys
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EnerSys manufactures, markets, and distributes industrial batteries. The last earnings update was 51 days ago. More info.
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ENS Share Price and Events
7 Day Returns
1 Year Returns
ENS Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| EnerSys (ENS) | 1.9% | 3.1% | -7.9% | -14.6% | 1.2% | 1.9% |
| US Electrical | 0.8% | 2% | -7% | -0.8% | 23% | 6.6% |
| US Market | -0.3% | 2.9% | 2.1% | 3.4% | 36.2% | 41.3% |
1 Year Return vs Industry and Market
- ENS underperformed the Electrical industry which returned -0.8% over the past year.
- ENS underperformed the Market in United States of America which returned 3.4% over the past year.
ENS Value
Is EnerSys 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
EnerSys
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for EnerSys.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 3 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 10.8% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Electrical Unlevered Beta | Simply Wall St/ S&P Global | 1.19 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.187 (1 + (1- 21%) (36.67%)) |
1.356 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.36 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.356 * 5.96%) |
10.81% |
Discounted Cash Flow Calculation for NYSE:ENS using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for EnerSys 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.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 10.81%) |
|
|---|---|---|---|
| 2020 | 211.40 | Analyst x2 | 190.77 |
| 2021 | 224.00 | Analyst x2 | 182.42 |
| 2022 | 234.92 | Est @ 4.87% | 172.64 |
| 2023 | 244.85 | Est @ 4.23% | 162.39 |
| 2024 | 254.11 | Est @ 3.78% | 152.08 |
| 2025 | 262.92 | Est @ 3.47% | 142.00 |
| 2026 | 271.45 | Est @ 3.24% | 132.30 |
| 2027 | 279.83 | Est @ 3.09% | 123.08 |
| 2028 | 288.18 | Est @ 2.98% | 114.39 |
| 2029 | 296.56 | Est @ 2.91% | 106.23 |
| Present value of next 10 years cash flows | $1,478.32 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2029
× (1 + g) ÷ (Discount Rate – g)
= $296.56 × (1 + 2.73%) ÷ (10.81% – 2.73%) |
$3,769.45 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $3,769.45 ÷ (1 + 10.81%)10 |
$1,350.23 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $1,478.32 + $1,350.23 |
$2,828.54 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $2,828.54 / 42.86 |
$66 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $66.00 |
| Current discount | Discount to share price of
$65.96
= -1 x ($65.96 - $66.00) / $66.00 |
0.1% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- EnerSys's share price is below the future cash flow value, but not at a moderate discount (< 20%).
- EnerSys'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 EnerSys's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
EnerSys's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in USD | $3.79 |
| NYSE:ENS Share Price ** | NYSE (2019-07-18) in USD | $65.96 |
| United States of America Electrical Industry PE Ratio | Median Figure of 30 Publicly-Listed Electrical Companies | 17.42x |
| United States of America Market PE Ratio | Median Figure of 3,083 Publicly-Listed Companies | 17.88x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of EnerSys.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:ENS Share Price ÷ EPS (both in USD) = 65.96 ÷ 3.79 |
17.43x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- EnerSys is overvalued based on earnings compared to the US Electrical industry average.
- EnerSys is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does
EnerSys's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 17.43x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts |
19.3%per year |
| United States of America Electrical Industry PEG Ratio | Median Figure of 18 Publicly-Listed Electrical Companies | 2.09x |
| United States of America Market PEG Ratio | Median Figure of 2,124 Publicly-Listed Companies | 1.57x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 17.43x ÷ 19.3% |
0.9x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- EnerSys is good value based on expected growth next year.
Price based on value of assets
What value do investors place on
EnerSys's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in USD | $30.09 |
| NYSE:ENS Share Price * | NYSE (2019-07-18) in USD | $65.96 |
| United States of America Electrical Industry PB Ratio | Median Figure of 61 Publicly-Listed Electrical Companies | 1.89x |
| United States of America Market PB Ratio | Median Figure of 5,245 Publicly-Listed Companies | 1.8x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:ENS Share Price ÷ Book Value per Share (both in USD) = 65.96 ÷ 30.09 |
2.19x |
* Primary Listing of EnerSys.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- EnerSys is overvalued based on assets compared to the US Electrical industry average.
Value checks
We assess EnerSys's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Electrical industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Electrical industry average (and greater than 0)? (1 check) EnerSys has a total score of 2/6, 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.
ENS Future Performance
How is EnerSys expected to perform in the next 1 to 3 years based on estimates from 3 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!
Earnings growth vs Low Risk Savings
- EnerSys's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- EnerSys's earnings growth is expected to exceed the United States of America market average.
- EnerSys's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:ENS Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts | 19.3% |
| NYSE:ENS Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts | 8.5% |
| United States of America Electrical Industry Earnings Growth Rate | Market Cap Weighted Average | 10.7% |
| United States of America Electrical Industry Revenue Growth Rate | Market Cap Weighted Average | 4.2% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 14.1% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.4% |
*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
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 3 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2022-03-31 | 3,629 | 323 | 1 | |
| 2021-03-31 | 3,443 | 317 | 271 | 3 |
| 2020-03-31 | 3,328 | 304 | 241 | 3 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 2,808 | 198 | 160 |
| 2018-12-30 | 2,694 | 248 | 196 |
| 2018-09-30 | 2,673 | 250 | 121 |
| 2018-07-01 | 2,630 | 215 | 117 |
| 2018-03-31 | 2,582 | 211 | 120 |
| 2017-12-31 | 2,526 | 209 | 99 |
| 2017-10-01 | 2,430 | 178 | 161 |
| 2017-07-02 | 2,389 | 200 | 164 |
| 2017-03-31 | 2,367 | 246 | 160 |
| 2017-01-01 | 2,352 | 242 | 136 |
| 2016-10-02 | 2,362 | 247 | 138 |
| 2016-07-03 | 2,355 | 293 | 132 |
*GAAP earnings excluding extraordinary items.
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 3 Analyst Estimates (S&P Global) | See Below |
All data from EnerSys Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2022-03-31 | 7.19 | 7.19 | 7.19 | 1.00 |
| 2021-03-31 | 6.49 | 6.63 | 6.34 | 2.00 |
| 2020-03-31 | 5.73 | 5.95 | 5.50 | 2.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-03-31 | 3.79 |
| 2018-12-30 | 4.65 |
| 2018-09-30 | 2.89 |
| 2018-07-01 | 2.78 |
| 2018-03-31 | 2.81 |
| 2017-12-31 | 2.31 |
| 2017-10-01 | 3.73 |
| 2017-07-02 | 3.77 |
| 2017-03-31 | 3.69 |
| 2017-01-01 | 3.13 |
| 2016-10-02 | 3.16 |
| 2016-07-03 | 3.01 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess EnerSys's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
EnerSys 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.
ENS Past Performance
How has EnerSys 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
Past Earnings growth analysis
- EnerSys's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
- EnerSys's 1-year earnings growth exceeds its 5-year average (34% vs -3.6%)
- EnerSys's earnings growth has exceeded the US Electrical industry average in the past year (34% vs 27.1%).
Earnings and Revenue History
All data from EnerSys Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 2,808.02 | 160.24 | 430.03 | |
| 2018-12-30 | 2,694.46 | 195.72 | 393.93 | |
| 2018-09-30 | 2,673.37 | 121.46 | 391.01 | |
| 2018-07-01 | 2,630.20 | 117.25 | 388.84 | |
| 2018-03-31 | 2,581.89 | 119.59 | 383.54 | |
| 2017-12-31 | 2,525.65 | 99.35 | 370.61 | |
| 2017-10-01 | 2,430.41 | 161.43 | 364.86 | |
| 2017-07-02 | 2,389.17 | 163.84 | 363.51 | |
| 2017-03-31 | 2,367.15 | 160.21 | 364.82 | |
| 2017-01-01 | 2,351.82 | 135.70 | 368.99 | |
| 2016-10-02 | 2,361.70 | 137.95 | 364.90 | |
| 2016-07-03 | 2,354.78 | 132.34 | 360.96 | |
| 2016-03-31 | 2,316.25 | 136.15 | 352.77 | |
| 2015-12-27 | 2,334.67 | 153.34 | 347.55 | |
| 2015-09-27 | 2,372.68 | 164.12 | 346.48 | |
| 2015-06-28 | 2,433.47 | 180.41 | 353.83 | |
| 2015-03-31 | 2,505.51 | 181.19 | 358.38 | |
| 2014-12-28 | 2,540.87 | 167.58 | 367.12 | |
| 2014-09-28 | 2,572.33 | 173.63 | 371.05 | |
| 2014-06-29 | 2,511.25 | 158.65 | 356.37 | |
| 2014-03-31 | 2,474.43 | 150.33 | 344.42 | |
| 2013-12-29 | 2,381.29 | 175.22 | 329.72 | |
| 2013-09-29 | 2,295.58 | 159.10 | 319.82 | |
| 2013-06-30 | 2,280.95 | 161.55 | 311.75 | |
| 2013-03-31 | 2,277.56 | 166.51 | 312.32 | |
| 2012-12-30 | 2,298.20 | 174.14 | 309.37 | |
| 2012-09-30 | 2,315.12 | 171.81 | 304.85 |
*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.
- EnerSys has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- EnerSys used its assets less efficiently than the US Electrical industry average last year based on Return on Assets.
- EnerSys's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess EnerSys's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Electrical industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
EnerSys 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.
ENS Health
How is EnerSys'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 EnerSys's finances.
The net worth of a company is the difference between its assets and liabilities.
- EnerSys is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- EnerSys's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 1.5x 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.
All data from EnerSys Company Filings, last reported 3 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 1,286.02 | 1,026.25 | 299.21 |
| 2018-12-30 | 1,314.28 | 1,091.00 | 397.16 |
| 2018-09-30 | 1,202.80 | 613.73 | 545.18 |
| 2018-07-01 | 1,176.44 | 609.28 | 512.46 |
| 2018-03-31 | 1,201.11 | 597.88 | 522.12 |
| 2017-12-31 | 1,125.97 | 705.86 | 571.32 |
| 2017-10-01 | 1,140.04 | 741.59 | 540.11 |
| 2017-07-02 | 1,167.79 | 659.26 | 543.04 |
| 2017-03-31 | 1,108.37 | 605.97 | 500.33 |
| 2017-01-01 | 1,059.48 | 636.44 | 467.15 |
| 2016-10-02 | 1,079.20 | 621.15 | 440.29 |
| 2016-07-03 | 1,036.24 | 620.61 | 413.56 |
| 2016-03-31 | 1,024.43 | 628.37 | 397.31 |
| 2015-12-27 | 1,047.24 | 650.17 | 346.12 |
| 2015-09-27 | 1,020.23 | 667.68 | 320.57 |
| 2015-06-28 | 1,104.15 | 641.09 | 444.78 |
| 2015-03-31 | 1,051.40 | 512.94 | 268.92 |
| 2014-12-28 | 1,135.34 | 513.18 | 279.98 |
| 2014-09-28 | 1,190.31 | 462.28 | 239.90 |
| 2014-06-29 | 1,250.83 | 358.41 | 234.90 |
| 2014-03-31 | 1,260.34 | 321.70 | 240.10 |
| 2013-12-29 | 1,278.18 | 313.33 | 211.64 |
| 2013-09-29 | 1,251.68 | 179.68 | 272.69 |
| 2013-06-30 | 1,195.15 | 177.80 | 240.06 |
| 2013-03-31 | 1,186.38 | 178.63 | 249.35 |
| 2012-12-30 | 1,181.74 | 240.33 | 228.65 |
| 2012-09-30 | 1,144.48 | 251.33 | 212.34 |
- EnerSys's level of debt (80.6%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (25.6% vs 80.6% today).
- Debt is not well covered by operating cash flow (19.1%, less than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 8.9x coverage).
Financial health checks
We assess EnerSys's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) EnerSys has a total score of 3/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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.
ENS Dividends
What is EnerSys'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
If you bought
$2,000 of
EnerSys
shares you are expected to receive
$21
in your first year as a dividend.
Dividend Amount
- EnerSys's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
- EnerSys's dividend is below the markets top 25% of dividend payers in United States of America (3.76%).
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.
| 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 3 Analyst Estimates (S&P Global) | See Below |
| United States of America Electrical Industry Average Dividend Yield | Market Cap Weighted Average of 20 Stocks | 2.5% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2017 Stocks | 2.4% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.8% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2022-03-31 | ||
| 2021-03-31 | 0.70 | 1.00 |
| 2020-03-31 | 0.70 | 1.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-05-16 | 0.700 | 1.108 |
| 2019-02-06 | 0.700 | 1.006 |
| 2018-11-07 | 0.700 | 0.861 |
| 2018-05-16 | 0.700 | 0.874 |
| 2018-02-07 | 0.700 | 0.992 |
| 2017-11-08 | 0.700 | 1.007 |
| 2017-08-09 | 0.700 | 1.047 |
| 2017-05-04 | 0.700 | 0.924 |
| 2016-11-09 | 0.700 | 0.892 |
| 2016-08-10 | 0.700 | 1.030 |
| 2016-05-05 | 0.700 | 1.137 |
| 2016-01-28 | 0.700 | 1.331 |
| 2015-11-02 | 0.700 | 1.232 |
| 2015-08-06 | 0.700 | 1.248 |
| 2015-05-07 | 0.700 | 1.037 |
| 2015-01-29 | 0.700 | 1.077 |
| 2014-10-30 | 0.700 | 1.166 |
| 2014-08-05 | 0.700 | 1.165 |
| 2014-05-07 | 0.700 | 1.035 |
| 2014-01-30 | 0.500 | 0.726 |
| 2013-10-31 | 0.500 | 0.724 |
| 2013-08-01 | 0.500 | 0.871 |
| 2013-05-28 | 0.500 | 0.986 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Whilst dividend payments have been stable, EnerSys has been paying a dividend for less than 10 years.
- Dividend payments have increased, but EnerSys only paid a dividend in the past 6 years.
Income/ dividend checks
We assess EnerSys's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can EnerSys afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) EnerSys has a total score of 2/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
ENS Management
CEO
| COMPENSATION | $5,208,103 |
| AGE | 54 |
| TENURE AS CEO | 3.3 years |
CEO Bio
Mr. David M. Shaffer, also known as Dave, has been Director and Chief Executive Officer of EnerSys since April 2016 and has been its President since November 2014 and was its Chief Operating Officer since November 2014. From January 2013 to October 2014 he served as President of EMEA at EnerSys. From 2008 to 2013, Mr. Shaffer was President of Asia at EnerSys. Prior thereto he was responsible for EnerSys telecommunications sales in the Americas. Mr. Shaffer joined EnerSys in 2005 and has worked in various roles of increasing responsibility in the industry since 1989. Mr. Shaffer is a director of several EnerSys subsidiaries. Mr. Shaffer received his Master of Business Administration degree from Marquette University and his Bachelor of Science degree in Mechanical Engineering from the University of Illinois. Mr. Shaffer’s educational background and broad range of leadership experience in various aspects of EnerSys business globally, are attributes that qualify him for service as member of EnerSys Board of Directors. Director Qualification Highlights: • Sales • Global Leadership Experience • Manufacturing
CEO Compensation
- Dave's compensation has been consistent with company performance over the past year, both up more than 20%.
- Dave's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the EnerSys management team in years:
- The tenure for the EnerSys management team is about average.
Management Team
Dave Shaffer
CEO, President & Director
$5M
54
3.3 yrs
Michael Schmidtlein
CFO & Executive VP
$2M
58
9.4 yrs
Holger Aschke
President of Europe
$1M
50
3.5 yrs
Thomas O'Neill
VP of Investor Relations & Treasurer
9.1 yrs
Joseph Lewis
Senior VP
Shawn O’Connell
President of Motive Power Americas
46
0.3 yrs
Drew Zogby
President of Energy Systems Americas
59
0.3 yrs
Kerry Kane
VP & Corporate Controller
9.1 yrs
Board of Directors Tenure
Average tenure and age of the EnerSys board of directors in years:
- The tenure for the EnerSys board of directors is about average.
Board of Directors
Arthur Katsaros
Independent Non-Executive Chairman
$424K
71
3.2 yrs
Dave Shaffer
CEO, President & Director
$5M
54
3.5 yrs
John Lehman
Independent Director
$254K
76
14.9 yrs
Bob Magnus
Independent Director
$239K
72
11 yrs
Paul Tufano
Independent Director
$253K
65
4.3 yrs
Howard Hoffen
Lead Director
$219K
56
Dennis Marlo
Independent Director
$254K
76
14.9 yrs
Hwan-yoon Chung
Independent Director
$221K
45
13.4 yrs
Ron Vargo
Independent Director
$247K
64
1.9 yrs
Nelda Connors
Independent Director
$228K
53
1.9 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 13. Feb 19 | Sell | Todd Sechrist | Individual | 12. Feb 19 | 12. Feb 19 | -24,039 | $70.58 | $-1,696,673 | ||
| 23. Aug 18 | Sell | Myles Jones | Individual | 22. Aug 18 | 22. Aug 18 | -5,000 | $80.11 | $-400,550 | ||
| 23. Aug 18 | Sell | Jeffrey Long | Individual | 21. Aug 18 | 21. Aug 18 | -2,500 | $80.58 | $-201,450 | ||
| 15. Aug 18 | Sell | Todd Sechrist | Individual | 14. Aug 18 | 14. Aug 18 | -6,515 | $76.90 | $-501,004 | ||
Management checks
We assess EnerSys's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) EnerSys 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.
ENS News
Simply Wall St News
Is EnerSys's (NYSE:ENS) P/E Ratio Really That Good?
The formula for P/E is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for EnerSys: P/E of 17.09 = $64.7 ÷ $3.79 (Based on the trailing twelve months to March 2019.) Is A High Price-to-Earnings Ratio Good? … The higher the P/E ratio, the higher the price tag of a business, relative to its trailing earnings. … The Verdict On EnerSys's P/E Ratio EnerSys trades on a P/E ratio of 17.1, which is fairly close to the US market average of 18.
Simply Wall St - – Full articleShould You Worry About EnerSys's (NYSE:ENS) CEO Pay Cheque?
See our latest analysis for EnerSys How Does Dave Shaffer's Compensation Compare With Similar Sized Companies? … According to our data, EnerSys has a market capitalization of US$2.8b, and pays its CEO total annual compensation worth US$5.2m. … So Dave Shaffer is paid around the average of the companies we looked at.
Simply Wall St - – Full articleIs EnerSys (NYSE:ENS) A Great Dividend Stock?
NYSE:ENS Historical Dividend Yield, June 24th 2019 Payout ratios Companies (usually) pay dividends out of their earnings. If a company is paying more than it earns, the dividend might have to be cut. As a result, we should always investigate whether a company can afford its dividend, measured as a percentage of a company's net income after tax. EnerSys paid out 18% of its profit as dividends, over the trailing twelve month period. With a low payout ratio, it looks like the dividend is comprehensively covered by earnings. Another important check we do is to see if the free cash flow generated is sufficient to pay the dividend. EnerSys's cash payout ratio last year was 23%, which is quite low and suggests that the dividend was thoroughly covered by cash flow. It's positive to see that EnerSys's dividend is covered by both profits and cash flow, since this is generally a sign that the dividend is sustainable, and a lower payout ratio usually suggests a greater margin of safety before the dividend gets cut. Is EnerSys's Balance Sheet Risky? As EnerSys has a meaningful amount of debt, we need to check its balance sheet to see if the company might have debt risks. A rough way to check this is with these two simple ratios: a) net debt divided by EBITDA (earnings before interest, tax, depreciation and amortisation), and b) net interest cover. … Dividend Volatility Before buying a stock for its income, we want to see if the dividends have been stable in the past, and if the company has a track record of maintaining its dividend. … Unfortunately, earnings growth has also been mediocre, and we think it has not been paying dividends long enough to demonstrate resilience across economic cycles.
Simply Wall St - – Full articleDoes The EnerSys (NYSE:ENS) Share Price Tend To Follow The Market?
Before we go on, it's worth noting that Warren Buffett pointed out in his 2014 letter to shareholders that 'volatility is far from synonymous with risk.' Having said that, beta can still be rather useful. … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market. … What this means for you: Since EnerSys tends to moves up when the market is going up, and down when it's going down, potential investors may wish to reflect on the overall market, when considering the stock.
Simply Wall St - – Full articleShould You Be Worried About Insider Transactions At EnerSys (NYSE:ENS)?
So shareholders might well want to know whether insiders have been buying or selling shares in EnerSys (NYSE:ENS). … As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.' See our latest analysis for EnerSys The Last 12 Months Of Insider Transactions At EnerSys In the last twelve months, the biggest single sale by an insider was when the COO & Executive VP, Todd Sechrist, sold US$1.7m worth of shares at a price of US$70.58 per share. … Insider Ownership of EnerSys I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders.
Simply Wall St - – Full articleDoes EnerSys (NYSE:ENS) Create Value For Shareholders?
Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for EnerSys: 0.11 = US$273m ÷ (US$3.1b - US$613m) (Based on the trailing twelve months to March 2019.) So, EnerSys has an ROCE of 11%. … Due to the way ROCE is calculated, a high level of current liabilities makes a company look as though it has less capital employed, and thus can (sometimes unfairly) boost the ROCE. … The Bottom Line On EnerSys's ROCE This is good to see, and with a sound ROCE, EnerSys could be worth a closer look.
Simply Wall St - – Full articleWant To Invest In EnerSys (NYSE:ENS) Today? Read This First
EnerSys (NYSE:ENS) is considered a high-growth stock, but its last closing price of $74.82 left some investors wondering if this high future earnings potential can be rationalized by its current price tag. … Let’s take a look at some key metrics to determine whether there's any value here for current and potential future investors. … Analysts are predicting good growth prospects for EnerSys over the next couple of years
Simply Wall St - – Full articleWhat Should Investors Know About EnerSys's (NYSE:ENS) Future?
Help shape the future of investing tools and receive a $20 prize! … Based on EnerSys's (NYSE:ENS) earnings update on 30 December 2018, … analyst consensus outlook appear cautiously optimistic,
Simply Wall St - – Full articleEnerSys (NYSE:ENS) Earns Among The Best Returns In Its Industry
To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Return On Capital Employed (ROCE): What is it? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.
Simply Wall St - – Full articleWhat Is EnerSys's (NYSE:ENS) Share Price Doing?
saw a double-digit share price rise of over 10% in the past couple of months on the NYSE. … As a well-established company, which tends to be well-covered by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock? … Let’s examine EnerSys’s valuation and outlook in more detail to determine if there’s still a bargain opportunity
Simply Wall St - – Full articleENS Company Info
Description
EnerSys manufactures, markets, and distributes industrial batteries. The company offers battery chargers, power equipment, battery accessories, and outdoor cabinet enclosures, as well as related after-market and customer-support services for industrial batteries. It also provides reserve power products that are used for backup power for the continuous operation of critical applications in telecommunications systems, uninterruptible power systems applications for computer and computer-controlled systems, and other specialty power applications, including medical and security systems, premium starting, lighting, and ignition applications, as well as in switchgear, electrical control systems used in electric utilities, large-scale energy storage, energy pipelines, commercial aircraft, satellites, military aircraft, submarines, ships, and tactical vehicles. The company’s reserve power products also include thermally managed cabinets and enclosures for electronic equipment and batteries. In addition, it offers motive power products that are used to provide power for electric industrial forklifts used in manufacturing, warehousing, and other material handling applications, as well as mining equipment, diesel locomotive starting, and other rail equipment. The company sells its products through a network of distributors, independent representatives, and internal sales forces in North and South America, Europe, the Middle East, Africa, Asia, Australia, and Oceania. The company was formerly known as Yuasa, Inc. and changed its name to EnerSys in January 2001 to reflect its focus on the energy systems business. EnerSys was founded in 1999 and is headquartered in Reading, Pennsylvania.
Details
| Name: | EnerSys |
| ENS | |
| Exchange: | NYSE |
| Founded: | 1999 |
| $2,826,835,253 | |
| 42,856,811 | |
| Website: | http://www.enersys.com |
| Address: |
EnerSys 2366 Bernville Road, Reading, Pennsylvania, 19605, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | ENS | Common Stock | New York Stock Exchange | US | USD | 30. Jul 2004 | |
| DB | FDN | Common Stock | Deutsche Boerse AG | DE | EUR | 30. Jul 2004 |
Number of employees
Current staff
Industry
| Electrical Components and Equipment | |
| Capital Goods |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/07/19 00:00 |
| End of day share price update: | 2019/07/18 00:00 |
| Last estimates confirmation: | 2019/06/27 |
| Last earnings filing: | 2019/05/29 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2019/03/31 |
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.
