EnerSys
Market Cap
US$3.1b
Last Updated
2020/01/25 00:14 UTC
Data Sources
Company Financials +
Executive Summary
EnerSys manufactures, markets, and distributes industrial batteries.
Rewards
Risk Analysis
Snowflake Analysis
Fair value with acceptable track record.
Similar Companies
Share Price & News
How has EnerSys's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ENS has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-2.7%
ENS
-1.2%
US Electrical
-1.3%
US Market
1 Year Return
-12.7%
ENS
21.6%
US Electrical
22.0%
US Market
Return vs Industry: ENS underperformed the US Electrical industry which returned 24.7% over the past year.
Return vs Market: ENS underperformed the US Market which returned 24.7% over the past year.
Shareholder returns
| ENS | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.7% | -1.2% | -1.3% |
| 30 Day | -3.0% | 0.2% | 1.8% |
| 90 Day | 7.3% | 10.0% | 9.3% |
| 1 Year | -11.7%-12.7% | 24.2%21.6% | 24.6%22.0% |
| 3 Year | -4.6%-7.4% | 35.2%27.3% | 49.2%39.6% |
| 5 Year | 32.5%25.8% | 59.0%43.0% | 77.9%58.3% |
Price Volatility Vs. Market
How volatile is EnerSys's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Read This Before You Buy EnerSys (NYSE:ENS) Because Of Its P/E Ratio2 weeks ago | Simply Wall St
Should You Be Concerned About EnerSys's (NYSE:ENS) Historical Volatility?3 weeks ago | Simply Wall St
Does EnerSys (NYSE:ENS) Have A Healthy Balance Sheet?Valuation
Is EnerSys undervalued compared to its fair value and its price relative to the market?
17.54x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: ENS ($74.69) is trading above our estimate of fair value ($66.34)
Significantly Below Fair Value: ENS is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: ENS is good value based on its PE Ratio (17.8x) compared to the Electrical industry average (18x).
PE vs Market: ENS is good value based on its PE Ratio (17.8x) compared to the US market (18.9x).
Price to Earnings Growth Ratio
PEG Ratio: ENS is good value based on its PEG Ratio (0.9x)
Price to Book Ratio
PB vs Industry: ENS is overvalued based on its PB Ratio (2.4x) compared to the US Electrical industry average (1.8x).
Next Steps
Future Growth
How is EnerSys forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
19.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ENS's forecast earnings growth (19% per year) is above the savings rate (1.7%).
Earnings vs Market: ENS's earnings (19% per year) are forecast to grow faster than the US market (14.3% per year).
High Growth Earnings: ENS's earnings are forecast to grow, but not significantly.
Revenue vs Market: ENS's revenue (6.7% per year) is forecast to grow slower than the US market (7.5% per year).
High Growth Revenue: ENS's revenue (6.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if ENS's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has EnerSys performed over the past 5 years?
-2.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ENS has a large one-off loss of $67.7M impacting its September 29 2019 financial results.
Growing Profit Margin: ENS's current net profit margins (5.9%) are higher than last year (4.5%).
Past Earnings Growth Analysis
Earnings Trend: ENS's earnings have declined by -2% per year over the past 5 years.
Accelerating Growth: ENS's earnings growth over the past year (46.9%) exceeds its 5-year average (-2% per year).
Earnings vs Industry: ENS earnings growth over the past year (46.9%) exceeded the Electrical industry 4.2%.
Return on Equity
High ROE: ENS's Return on Equity (13.5%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is EnerSys's financial position?
Financial Position Analysis
Short Term Liabilities: ENS's short term assets ($1.6B) exceed its short term liabilities ($565.6M).
Long Term Liabilities: ENS's short term assets ($1.6B) exceed its long term liabilities ($1.4B).
Debt to Equity History and Analysis
Debt Level: ENS's debt to equity ratio (86.5%) is considered high.
Reducing Debt: ENS's debt to equity ratio has increased from 39% to 86.5% over the past 5 years.
Debt Coverage: ENS's debt is not well covered by operating cash flow (19.2%).
Interest Coverage: ENS's interest payments on its debt are well covered by EBIT (7.2x coverage).
Balance Sheet
Inventory Level: ENS has a high level of physical assets or inventory.
Debt Coverage by Assets: ENS's debt is covered by short term assets (assets are 1.4x debt).
Next Steps
Dividend
What is EnerSys's current dividend yield, its reliability and sustainability?
0.95%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: ENS's dividend (0.94%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.4%).
High Dividend: ENS's dividend (0.94%) is low compared to the top 25% of dividend payers in the US market (3.66%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, ENS has been paying a dividend for less than 10 years.
Growing Dividend: ENS's dividend payments have increased, but the company has only paid a dividend for 7 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (16.7%), ENS's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
What is the CEO of EnerSys's salary, the management and board of directors tenure and is there insider trading?
4.0yrs
Average management tenure
CEO
Dave Shaffer (54yo)
3.8yrs
Tenure
US$5,208,103
Compensation
Mr. David M. Shaffer, also known as Dave, has been Director and Chief Executive Officer of EnerSys since April 2016 and has been its President since November 2014 and was its Chief Operating Officer since ...
CEO Compensation Analysis
Compensation vs Market: Dave's total compensation ($USD5.21M) is about average for companies of similar size in the US market ($USD4.99M).
Compensation vs Earnings: Dave's compensation has been consistent with company performance over the past year.
Management Age and Tenure
4.0yrs
Average Tenure
54yo
Average Age
Experienced Management: ENS's management team is considered experienced (4 years average tenure).
Board Age and Tenure
4.8yrs
Average Tenure
64.5yo
Average Age
Experienced Board: ENS's board of directors are considered experienced (4.8 years average tenure).
Insider Trading
Insider Buying: ENS insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Senior Key Executive President of Europe |
| Shares | 5,750 |
| Max Price | US$69.50 |
| Entity | Individual |
| Shares | 24,039 |
| Max Price | US$70.58 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Drew Zogby (58yo)
President of Energy Systems Americas
- Tenure: 0.8yrs
Michael Schmidtlein (58yo)
CFO & Executive VP of Finance
- Tenure: 9.9yrs
- Compensation: US$1.97m
Dave Shaffer (54yo)
CEO, President & Director
- Tenure: 3.8yrs
- Compensation: US$5.21m
Jörn Tinnemeyer
Senior VP & CTO
Shawn O'Connell (46yo)
President of Motive Power Americas
- Tenure: 0.8yrs
Kerry Kane
VP & Corporate Controller
- Tenure: 9.6yrs
Thomas O'Neill
VP of Investor Relations & Treasurer
- Tenure: 9.6yrs
Holger Aschke (50yo)
President of Europe
- Tenure: 4yrs
- Compensation: US$1.34m
Joseph Lewis
Senior VP
Patrice Baumann
Senior VP of Operations & Supply Chain
Board Members
John Lehman (76yo)
Independent Director
- Tenure: 15.4yrs
- Compensation: US$254.23k
Paul Tufano (65yo)
Independent Director
- Tenure: 4.8yrs
- Compensation: US$253.00k
Dennis Marlo (76yo)
Independent Director
- Tenure: 15.4yrs
- Compensation: US$254.23k
Howard Hoffen (56yo)
Lead Director
- Compensation: US$219.32k
Hwan-yoon Chung (45yo)
Independent Director
- Tenure: 13.9yrs
- Compensation: US$220.82k
Arthur Katsaros (71yo)
Independent Non-Executive Chairman
- Tenure: 3.7yrs
- Compensation: US$424.32k
Ron Vargo (64yo)
Independent Director
- Tenure: 2.4yrs
- Compensation: US$247.00k
Nelda Connors (53yo)
Independent Director
- Tenure: 2.4yrs
- Compensation: US$228.32k
Bob Magnus (72yo)
Independent Director
- Tenure: 11.5yrs
- Compensation: US$238.63k
Dave Shaffer (54yo)
CEO, President & Director
- Tenure: 3.8yrs
- Compensation: US$5.21m
Company Information
EnerSys's company bio, employee growth, exchange listings and data sources
Key Information
- Name: EnerSys
- Ticker: ENS
- Exchange: NYSE
- Founded: 1999
- Industry: Electrical Components and Equipment
- Sector: Capital Goods
- Market Cap: US$3.112b
- Shares outstanding: 42.29m
- Website: https://www.enersys.com
Number of Employees
Location
- EnerSys
- 2366 Bernville Road
- Reading
- Pennsylvania
- 19605
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ENS | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Jul 2004 |
| FDN | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jul 2004 |
Biography
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.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/01/25 00:14 |
| End of Day Share Price | 2020/01/24 00:00 |
| Earnings | 2019/09/29 |
| Annual Earnings | 2019/03/31 |
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.