EnerSys manufactures, markets, and distributes industrial batteries.
Undervalued with mediocre balance sheet.
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's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: ENS underperformed the US Electrical industry which returned -24.2% over the past year.
Return vs Market: ENS underperformed the US Market which returned -14.9% over the past year.
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
2 weeks ago | Simply Wall StIs EnerSys's (NYSE:ENS) ROE Of 11% Impressive?
3 weeks ago | Simply Wall StA Sliding Share Price Has Us Looking At EnerSys's (NYSE:ENS) P/E Ratio
4 weeks ago | Simply Wall StIs It Smart To Buy EnerSys (NYSE:ENS) Before It Goes Ex-Dividend?
Is EnerSys undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ENS ($43.39) is trading below our estimate of fair value ($62.14)
Significantly Below Fair Value: ENS is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ENS is good value based on its PE Ratio (11.7x) compared to the Electrical industry average (14.1x).
PE vs Market: ENS is good value based on its PE Ratio (11.7x) compared to the US market (12.5x).
Price to Earnings Growth Ratio
PEG Ratio: ENS is good value based on its PEG Ratio (0.6x)
Price to Book Ratio
PB vs Industry: ENS is overvalued based on its PB Ratio (1.3x) compared to the US Electrical industry average (1.3x).
How is EnerSys forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ENS's forecast earnings growth (19.7% per year) is above the savings rate (1.7%).
Earnings vs Market: ENS's earnings (19.7% per year) are forecast to grow faster than the US market (12.2% per year).
High Growth Earnings: ENS's earnings are forecast to grow, but not significantly.
Revenue vs Market: ENS's revenue (3.6% per year) is forecast to grow slower than the US market (7.1% per year).
High Growth Revenue: ENS's revenue (3.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ENS's Return on Equity is forecast to be low in 3 years time (13.5%).
How has EnerSys performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ENS has a large one-off loss of $74.6M impacting its December 29 2019 financial results.
Growing Profit Margin: ENS's current net profit margins (5.1%) are lower than last year (7.2%).
Past Earnings Growth Analysis
Earnings Trend: ENS's earnings have declined by -1% per year over the past 5 years.
Accelerating Growth: ENS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ENS had negative earnings growth (-19.4%) over the past year, making it difficult to compare to the Electrical industry average (-1.4%).
Return on Equity
High ROE: ENS's Return on Equity (11.5%) is considered low.
How is EnerSys's financial position?
Financial Position Analysis
Short Term Liabilities: ENS's short term assets ($1.5B) exceed its short term liabilities ($594.0M).
Long Term Liabilities: ENS's short term assets ($1.5B) exceed its long term liabilities ($1.4B).
Debt to Equity History and Analysis
Debt Level: ENS's debt to equity ratio (81.4%) is considered high.
Reducing Debt: ENS's debt to equity ratio has increased from 45.3% to 81.4% over the past 5 years.
Debt Coverage: ENS's debt is not well covered by operating cash flow (18.6%).
Interest Coverage: ENS's interest payments on its debt are well covered by EBIT (6.5x coverage).
Inventory Level: ENS has a high level of physical assets or inventory.
Debt Coverage by Assets: ENS's debt is covered by short term assets (assets are 1.4x debt).
What is EnerSys's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ENS's dividend (1.61%) isn’t notable compared to the bottom 25% of dividend payers in the US market (2.04%).
High Dividend: ENS's dividend (1.61%) is low compared to the top 25% of dividend payers in the US market (5.7%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, ENS has been paying a dividend for less than 10 years.
Growing Dividend: ENS's dividend payments have increased, but the company has only paid a dividend for 7 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (18.9%), ENS's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Dave Shaffer (54yo)
Mr. David M. Shaffer, also known as Dave, has been Director and Chief Executive Officer of EnerSys since April 2016 and has been its President since November 2014 and was its Chief Operating Officer since ...
CEO Compensation Analysis
Compensation vs Market: Dave's total compensation ($USD5.21M) is about average for companies of similar size in the US market ($USD4.70M).
Compensation vs Earnings: Dave's compensation has been consistent with company performance over the past year.
|CEO, President & Director||4yrs||US$5.21m||0.50% $9.2m|
|CFO & Executive VP of Finance||10.17yrs||US$1.97m||0.23% $4.3m|
|President of Europe||4.25yrs||US$1.34m||0.092% $1.7m|
|Senior VP & CTO||no data||no data||no data|
|VP of Investor Relations & Treasurer||9.83yrs||no data||no data|
|Senior VP||no data||no data||no data|
|President of Motive Power Americas||1yr||no data||0.045% $829.9k|
|President of Energy Systems Americas||1yr||no data||0.018% $334.2k|
|Senior VP of Operations & Supply Chain||no data||no data||no data|
|VP & Corporate Controller||9.83yrs||no data||0.053% $970.8k|
Experienced Management: ENS's management team is considered experienced (4.3 years average tenure).
|CEO, President & Director||4yrs||US$5.21m||0.50% $9.2m|
|Independent Director||15.67yrs||US$254.23k||0.15% $2.8m|
|Independent Director||5yrs||US$253.00k||no data|
|Independent Director||15.67yrs||US$254.23k||0.052% $957.0k|
|Lead Director||no data||US$219.32k||no data|
|Independent Director||14.17yrs||US$220.82k||no data|
|Independent Non-Executive Chairman||3.92yrs||US$424.32k||0.014% $257.6k|
|Independent Director||2.67yrs||US$247.00k||no data|
|Independent Director||2.67yrs||US$228.32k||no data|
|Independent Director||11.75yrs||US$238.63k||no data|
Experienced Board: ENS's board of directors are considered experienced (5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: ENS insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
EnerSys's company bio, employee growth, exchange listings and data sources
- Name: EnerSys
- Ticker: ENS
- Exchange: NYSE
- Founded: 1999
- Industry: Electrical Components and Equipment
- Sector: Capital Goods
- Market Cap: US$1.843b
- Shares outstanding: 42.31m
- Website: https://www.enersys.com
Number of Employees
- 2366 Bernville Road
- United States
|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|
|FDN||BRSE (Berne Stock Exchange)||Yes||Common Stock||CH||CHF||Jul 2004|
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||2020/04/05 06:58|
|End of Day Share Price||2020/04/03 00:00|
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.