Ennis
Ennis, Inc. designs, manufactures, and sells business forms and other business products in the United States. The last earnings update was 14 days ago. More info.
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EBF Share Price and Events
7 Day Returns
1 Year Returns
EBF Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Ennis (EBF) | 0% | 7.6% | -0.7% | -6.6% | 9.5% | 35.8% |
| US Commercial Services | 1.4% | 0.7% | 5.1% | 10.8% | 52.5% | 78% |
| US Market | 0.6% | 3.8% | 2.8% | 4.1% | 37.3% | 42.5% |
1 Year Return vs Industry and Market
- EBF underperformed the Commercial Services industry which returned 10.8% over the past year.
- EBF underperformed the Market in United States of America which returned 4.1% over the past year.
Value
Is Ennis 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
Ennis
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 Ennis.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 2 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 7.6% |
| 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% |
| Commercial Services Unlevered Beta | Simply Wall St/ S&P Global | 0.67 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.67 (1 + (1- 21%) (9.1%)) |
0.811 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.81 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.811 * 5.96%) |
7.56% |
Discounted Cash Flow Calculation for NYSE:EBF using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Ennis 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 (@ 7.56%) |
|
|---|---|---|---|
| 2020 | 52.90 | Analyst x1 | 49.18 |
| 2021 | 54.00 | Analyst x1 | 46.67 |
| 2022 | 55.22 | Est @ 2.26% | 44.37 |
| 2023 | 56.55 | Est @ 2.4% | 42.24 |
| 2024 | 57.96 | Est @ 2.5% | 40.26 |
| 2025 | 59.45 | Est @ 2.57% | 38.39 |
| 2026 | 61.01 | Est @ 2.62% | 36.62 |
| 2027 | 62.62 | Est @ 2.65% | 34.95 |
| 2028 | 64.30 | Est @ 2.67% | 33.36 |
| 2029 | 66.03 | Est @ 2.69% | 31.85 |
| Present value of next 10 years cash flows | $397.90 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2029
× (1 + g) ÷ (Discount Rate – g)
= $66.03 × (1 + 2.73%) ÷ (7.56% – 2.73%) |
$1,403.62 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $1,403.62 ÷ (1 + 7.56%)10 |
$677.08 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $397.90 + $677.08 |
$1,074.97 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $1,074.97 / 26.11 |
$41.17 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $41.17 |
| Current discount | Discount to share price of
$20.36
= -1 x ($20.36 - $41.17) / $41.17 |
50.5% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Ennis's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Ennis's share price is below the future cash flow value, and 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 Ennis's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Ennis'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 (2019-05-31) in USD | $1.45 |
| NYSE:EBF Share Price ** | NYSE (2019-07-17) in USD | $20.36 |
| United States of America Commercial Services Industry PE Ratio | Median Figure of 46 Publicly-Listed Commercial Services Companies | 23.2x |
| United States of America Market PE Ratio | Median Figure of 3,082 Publicly-Listed Companies | 17.98x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Ennis.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:EBF Share Price ÷ EPS (both in USD) = 20.36 ÷ 1.45 |
14x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Ennis is good value based on earnings compared to the US Commercial Services industry average.
- Ennis is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Ennis's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 14x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts |
5.3%per year |
| United States of America Commercial Services Industry PEG Ratio | Median Figure of 34 Publicly-Listed Commercial Services Companies | 1.65x |
| United States of America Market PEG Ratio | Median Figure of 2,122 Publicly-Listed Companies | 1.59x |
*Line of best fit is calculated by linear regression .
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to calculate PEG ratio for Ennis, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Ennis's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-05-31) in USD | $11.25 |
| NYSE:EBF Share Price * | NYSE (2019-07-17) in USD | $20.36 |
| United States of America Commercial Services Industry PB Ratio | Median Figure of 86 Publicly-Listed Commercial Services Companies | 1.84x |
| United States of America Market PB Ratio | Median Figure of 5,241 Publicly-Listed Companies | 1.81x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:EBF Share Price ÷ Book Value per Share (both in USD) = 20.36 ÷ 11.25 |
1.81x |
* Primary Listing of Ennis.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Ennis is good value based on assets compared to the US Commercial Services industry average.
Value checks
We assess Ennis'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 Commercial Services 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 Commercial Services industry average (and greater than 0)? (1 check) Ennis 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 Ennis expected to perform in the next 1 to 3 years based on estimates from 2 analysts?
- No analysts cover Ennis, future earnings growth has been estimated based on fundamentals.
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
- Ennis's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Ennis's earnings growth is positive but not above the United States of America market average.
- Ennis's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:EBF Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts | 5.3% |
| NYSE:EBF Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts | 3.3% |
| United States of America Commercial Services Industry Earnings Growth Rate | Market Cap Weighted Average | 14.9% |
| United States of America Commercial Services Industry Revenue Growth Rate | Market Cap Weighted Average | 5.3% |
| 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 (1 month ago) | See Below |
| Future Estimates | Average of up to 2 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-02-28 | 440 | 57,144 | 1 | |
| 2020-02-29 | 430 | 56 | 2 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-05-31 | 415 | 55 | 38 |
| 2019-02-28 | 401 | 51 | 37 |
| 2018-11-30 | 387 | 48 | 37 |
| 2018-08-31 | 373 | 50 | 35 |
| 2018-05-31 | 369 | 45 | 34 |
| 2018-02-28 | 370 | 45 | 33 |
| 2017-11-30 | 370 | 50 | 32 |
| 2017-08-31 | 365 | 49 | 29 |
| 2017-05-31 | 361 | 56 | 28 |
| 2017-02-28 | 357 | 59 | 26 |
| 2016-11-30 | 362 | 51 | 24 |
| 2016-08-31 | 370 | 56 | 27 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 2 Analyst Estimates (S&P Global) | See Below |
All data from Ennis Company Filings, last reported 1 month 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 |
|---|---|---|---|---|
| 2021-02-28 | ||||
| 2020-02-29 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-05-31 | 1.45 |
| 2019-02-28 | 1.45 |
| 2018-11-30 | 1.46 |
| 2018-08-31 | 1.38 |
| 2018-05-31 | 1.35 |
| 2018-02-28 | 1.29 |
| 2017-11-30 | 1.25 |
| 2017-08-31 | 1.15 |
| 2017-05-31 | 1.07 |
| 2017-02-28 | 1.03 |
| 2016-11-30 | 0.95 |
| 2016-08-31 | 1.06 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Ennis'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)
Ennis has a total score of 1/6, 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 Ennis 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
- Ennis has delivered over 20% year on year earnings growth in the past 5 years.
- Ennis's 1-year earnings growth is less than its 5-year average (10.5% vs 33.6%)
- Ennis's earnings growth has exceeded the US Commercial Services industry average in the past year (10.5% vs 6.1%).
Earnings and Revenue History
All data from Ennis Company Filings, last reported 1 month 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 |
|---|---|---|---|---|
| 2019-05-31 | 415.40 | 37.82 | 75.44 | |
| 2019-02-28 | 400.78 | 37.44 | 73.50 | |
| 2018-11-30 | 387.17 | 37.39 | 73.50 | |
| 2018-08-31 | 372.70 | 35.25 | 70.40 | |
| 2018-05-31 | 369.00 | 34.22 | 70.16 | |
| 2018-02-28 | 370.17 | 32.76 | 69.74 | |
| 2017-11-30 | 369.66 | 31.81 | 66.18 | |
| 2017-08-31 | 364.71 | 29.27 | 65.37 | |
| 2017-05-31 | 361.07 | 27.52 | 64.39 | |
| 2017-02-28 | 356.89 | 26.42 | 63.93 | |
| 2016-11-30 | 361.52 | 24.50 | 65.11 | |
| 2016-08-31 | 370.38 | 27.35 | 65.70 | |
| 2016-05-31 | 379.59 | 30.18 | 65.76 | |
| 2016-02-29 | 385.95 | 32.26 | 65.74 | |
| 2015-11-30 | 434.98 | 35.57 | 68.09 | |
| 2015-08-31 | 484.44 | -44.21 | 75.48 | |
| 2015-05-31 | 535.82 | -43.80 | 81.18 | |
| 2015-02-28 | 380.38 | 34.47 | 60.66 | |
| 2014-11-30 | 572.14 | -67.60 | 88.49 | |
| 2014-08-31 | 561.72 | 12.93 | 87.01 | |
| 2014-05-31 | 545.16 | 12.72 | 86.27 | |
| 2014-02-28 | 542.44 | 13.19 | 86.68 | |
| 2013-11-30 | 533.94 | 34.73 | 85.44 | |
| 2013-08-31 | 526.39 | 31.55 | 83.69 | |
| 2013-05-31 | 529.44 | 29.34 | 83.94 | |
| 2013-02-28 | 533.51 | 24.72 | 83.76 | |
| 2012-11-30 | 531.39 | 20.97 | 84.51 | |
| 2012-08-31 | 524.24 | 21.69 | 83.02 |
*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.
- Ennis has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Ennis used its assets more efficiently than the US Commercial Services industry average last year based on Return on Assets.
- Ennis has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Ennis'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 Commercial Services 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)
Ennis has a total score of 4/6, 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 Ennis'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 Ennis's finances.
The net worth of a company is the difference between its assets and liabilities.
- Ennis is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Ennis'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 5.6x 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 Ennis Company Filings, last reported 1 month ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-05-31 | 292.26 | 30.00 | 87.37 |
| 2019-02-28 | 289.13 | 30.00 | 88.44 |
| 2018-11-30 | 287.72 | 30.00 | 80.82 |
| 2018-08-31 | 286.50 | 30.00 | 79.48 |
| 2018-05-31 | 265.78 | 30.00 | 96.42 |
| 2018-02-28 | 261.70 | 30.00 | 96.23 |
| 2017-11-30 | 259.75 | 30.00 | 92.93 |
| 2017-08-31 | 255.98 | 30.00 | 83.87 |
| 2017-05-31 | 251.94 | 30.00 | 84.32 |
| 2017-02-28 | 251.36 | 30.00 | 80.47 |
| 2016-11-30 | 247.69 | 30.00 | 87.87 |
| 2016-08-31 | 252.12 | 30.00 | 85.23 |
| 2016-05-31 | 290.44 | 35.00 | 122.42 |
| 2016-02-29 | 298.55 | 40.00 | 7.96 |
| 2015-11-30 | 299.97 | 45.00 | 13.71 |
| 2015-08-31 | 293.27 | 63.00 | 18.85 |
| 2015-05-31 | 289.02 | 85.50 | 19.05 |
| 2015-02-28 | 284.68 | 106.50 | 15.35 |
| 2014-11-30 | 289.56 | 101.50 | 14.67 |
| 2014-08-31 | 371.07 | 104.00 | 13.78 |
| 2014-05-31 | 366.92 | 105.50 | 13.27 |
| 2014-02-28 | 362.94 | 105.50 | 5.32 |
| 2013-11-30 | 380.26 | 95.50 | 8.52 |
| 2013-08-31 | 374.84 | 35.00 | 17.68 |
| 2013-05-31 | 370.28 | 45.00 | 14.40 |
| 2013-02-28 | 361.22 | 57.50 | 6.23 |
| 2012-11-30 | 364.45 | 60.00 | 9.23 |
| 2012-08-31 | 362.08 | 70.00 | 13.21 |
- Ennis's level of debt (10.3%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (28.7% vs 10.3% today).
- Debt is well covered by operating cash flow (183.7%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 41.7x coverage).
Financial health checks
We assess Ennis'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) Ennis has a total score of 6/6, 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.
Dividends
What is Ennis'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
Ennis
shares you are expected to receive
$88
in your first year as a dividend.
Dividend Amount
- Ennis's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
- Ennis's dividend is above the markets top 25% of dividend payers in United States of America (3.72%).
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 2 Analyst Estimates (S&P Global) | See Below |
| United States of America Commercial Services Industry Average Dividend Yield | Market Cap Weighted Average of 41 Stocks | 1.6% |
| 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 | 3.7% |
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 |
|---|---|---|
| 2021-02-28 | 0.90 | 1.00 |
| 2020-02-29 | 0.90 | 2.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-06-21 | 0.900 | 4.428 |
| 2019-03-25 | 0.900 | 4.554 |
| 2018-12-21 | 0.900 | 4.408 |
| 2018-09-25 | 0.900 | 4.680 |
| 2018-06-15 | 0.900 | 4.314 |
| 2018-03-26 | 0.800 | 4.231 |
| 2017-09-25 | 0.800 | 3.979 |
| 2017-06-19 | 0.800 | 4.235 |
| 2017-03-27 | 0.700 | 4.232 |
| 2016-09-27 | 0.700 | 4.255 |
| 2016-06-20 | 0.700 | 4.039 |
| 2016-03-31 | 0.700 | 3.686 |
| 2015-12-30 | 0.700 | 3.597 |
| 2015-12-21 | 0.700 | 3.540 |
| 2015-09-29 | 0.700 | 3.621 |
| 2015-09-18 | 0.700 | 4.051 |
| 2015-03-27 | 0.700 | 4.305 |
| 2014-12-22 | 0.700 | 5.150 |
| 2014-09-22 | 0.700 | 5.085 |
| 2014-06-26 | 0.700 | 4.823 |
| 2014-03-28 | 0.700 | 4.543 |
| 2013-12-20 | 0.700 | 4.410 |
| 2013-09-20 | 0.700 | 3.918 |
| 2013-06-27 | 0.700 | 3.850 |
| 2012-12-10 | 0.700 | 4.492 |
| 2012-09-21 | 0.700 | 4.530 |
| 2012-06-28 | 0.700 | 4.710 |
| 2012-03-30 | 0.700 | 4.710 |
| 2011-12-16 | 0.620 | 4.042 |
| 2011-09-22 | 0.620 | 4.424 |
| 2011-06-30 | 0.620 | 3.832 |
| 2011-03-31 | 0.620 | 3.481 |
| 2010-12-17 | 0.620 | 3.778 |
| 2010-09-17 | 0.620 | 3.455 |
| 2010-06-30 | 0.620 | 3.858 |
| 2010-03-31 | 0.620 | 3.678 |
| 2009-12-18 | 0.620 | 3.912 |
| 2009-09-18 | 0.620 | 3.989 |
| 2009-07-02 | 0.620 | 4.444 |
| 2009-03-30 | 0.620 | 6.085 |
| 2008-12-19 | 0.620 | 6.209 |
| 2008-09-19 | 0.620 | 5.517 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been stable in the past 10 years.
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
Ennis's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are covered by earnings (1.6x coverage).
- Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
Income/ dividend checks
We assess Ennis'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 Ennis afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Ennis has a total score of 5/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | $3,840,229 |
| AGE | 69 |
| TENURE AS CEO | 21.7 years |
CEO Bio
Mr. Keith S. Walters has been the President at Ennis Inc. (formerly Ennis Business Forms, Inc.) since July 1998 and its Chief Executive Officer since November 1997. Mr. Walters joined Ennis Business Forms Inc. in August 1997 as Vice President-Commercial Printing Operations. Prior to Ennis Business Forms Inc., Mr. Walters was with Atlas/Soundolier, a division of American Trading and Production Company, for 8 years, served as its Vice President of Manufacturing. Prior to that time, he was with the Automotive Division of United Technologies Corporation for 15 years, primarily in manufacturing and operations. Mr. Walters has been an Executive Chairman of Ennis Inc., since November 1997 and its Executive Director since 1997.
CEO Compensation
- Keith's compensation has been consistent with company performance over the past year, both up more than 20%.
- Keith's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Ennis management team in years:
- The average tenure for the Ennis management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Keith Walters
Executive Chairman
$4M
69
21.7 yrs
Richard Travis
CFO, VP of Finance & Treasurer
$1M
63
13.7 yrs
Ronald Graham
Vice President of Administration
$751K
70
21.1 yrs
Michael Magill
Executive VP & Corporate Secretary
$1M
71
14.4 yrs
Board of Directors Tenure
Average tenure and age of the Ennis board of directors in years:
- The average tenure for the Ennis board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors
Alejandro Quiroz
Independent Director
$107K
66
16 yrs
Keith Walters
Executive Chairman
$4M
69
21.7 yrs
Godfrey Long
Independent Director
$78K
77
13.5 yrs
Michael Schaefer
Independent Director
$107K
68
12.1 yrs
James Taylor
Independent Director
$72K
77
21.5 yrs
Frank Bracken
Independent Director
$68K
78
11.1 yrs
John Blind
Director
$100K
65
3 yrs
Troy Priddy
Director
$74K
67
1 yrs
Gary Mozina
Director
60
0.2 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess Ennis'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) Ennis 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
Why You Might Be Interested In Ennis, Inc. (NYSE:EBF) For Its Upcoming Dividend
It's positive to see that Ennis'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. … With a reasonable payout ratio, profits being reinvested, and some earnings growth, Ennis could have strong prospects for future increases to the dividend. … We like Ennis's growing earnings per share and the fact that - while its payout ratio is around average - it paid out a lower percentage of its cash flow.
Simply Wall St - – Full articleTaking A Look At Ennis, Inc.'s (NYSE:EBF) ROE
The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Ennis: 13% = US$38m ÷ US$292m (Based on the trailing twelve months to May 2019.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … Does Ennis Have A Good Return On Equity? … A company that can achieve a high return on equity without debt could be considered a high quality business.
Simply Wall St - – Full articleHow Does Ennis, Inc. (NYSE:EBF) Stand Up To These Simple Dividend Safety Checks?
Dividend Growth Potential While dividend payments have been relatively reliable, it would also be nice if earnings per share (EPS) were growing, as this is essential to maintaining the dividend's purchasing power over the long term. … Earnings per share are sharply up, but we wonder if paying out more than half its earnings (leaving less for reinvestment) is an implicit signal that Ennis's growth will be slower in the future. Conclusion Dividend investors should always want to know if a) a company's dividends are affordable, b) if there is a track record of consistent payments, and c) if the dividend is capable of growing. … Next, growing earnings per share and steady dividend payments is a great combination.
Simply Wall St - – Full articleDoes Ennis, Inc.'s (NYSE:EBF) 14% Earnings Growth Make It An Outperformer?
Today I will run you through a basic sense check to gain perspective on how Ennis is doing by comparing its latest earnings with its long-term trend as well as the performance of its commercial services industry peers. … View our latest analysis for Ennis Commentary On EBF's Past Performance EBF's trailing twelve-month earnings (from 28 February 2019) of US$37m has jumped 14% compared to the previous year. … However, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 32%, indicating the rate at which EBF is growing has slowed down.
Simply Wall St - – Full articleDo Directors Own Ennis, Inc. (NYSE:EBF) Shares?
Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … Taking a look at our data on the ownership groups (below), it's seems that institutions are noticeable on the share registry. … In their own names, insiders own US$22m worth of stock in the US$513m company.
Simply Wall St - – Full articleOur Take On Ennis, Inc.'s (NYSE:EBF) CEO Salary
First, this article will compare CEO compensation with compensation at similar sized companies. … Third, we'll reflect on the total return to shareholders over three years, as a second measure of business performance. … How Does Keith Walters's Compensation Compare With Similar Sized Companies?
Simply Wall St - – Full articleWith EPS Growth And More, Ennis (NYSE:EBF) Is Interesting
So if you're like me, you might be more interested in profitable, growing companies, like Ennis (NYSE:EBF). … How Quickly Is Ennis Increasing Earnings Per Share. … I like to take a look at earnings before interest and (EBIT) tax margins, as well as revenue growth, to get another take on the quality of the company's growth.
Simply Wall St - – Full articleWhat Makes Ennis, Inc. (NYSE:EBF) A Great Dividend Stock?
(NYSE:EBF) has grown its dividend payouts from $0.62 to $0.90. … stable and consistent dividend, having done so reliably for the past decade with the expectation of this continuing into the future … It consistently pays out dividend without missing a payment or significantly cutting payout
Simply Wall St - – Full articleIs Ennis, Inc.'s (NYSE:EBF) 13% ROE Strong Compared To Its Industry?
Ennis has a ROE of 13%, based on the last twelve months. … Another way to think of that is that for every $1 worth of equity in the company, it was able to earn $0.13. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleRead This Before You Buy Ennis, Inc. (NYSE:EBF) Because Of Its P/E Ratio
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … How Do I Calculate A Price To Earnings Ratio … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleCompany Info
Description
Ennis, Inc. designs, manufactures, and sells business forms and other business products in the United States. The company offers snap sets, continuous forms, laser cut sheets, tags, labels, envelopes, integrated products, jumbo rolls, and pressure sensitive products under the Ennis, Royal Business Forms, Block Graphics, Specialized Printed Forms, 360º Custom Labels, ColorWorx, Enfusion, Uncompromised Check Solutions, VersaSeal, Ad Concepts, FormSource Limited, Star Award Ribbon Company, Witt Printing, B&D Litho, Genforms, PrintGraphics, Calibrated Forms, PrintXcel, Printegra, Falcon Business Forms, Forms Manufacturers, Mutual Graphics, TRI-C Business Forms, Major Business Systems, Independent Printing, Hoosier Data Forms, Hayes Graphics, Wright Business Graphics, and Wright 360 brands. It also provides point of purchase advertising for large franchise and fast food chains, as well as kitting and fulfillment under the Adams McClure brand; and presentation folders and document folders under the Admore, Folder Express, and Independent Folders brands. In addition, the company offers custom printed, high performance labels, and custom and stock tags under the Ennis Tag & Label brands; custom and stock tags and labels under the Allen-Bailey Tag & Label, Atlas Tag & Label, Kay Toledo Tag, and Special Service Partners brands; custom and imprinted envelopes under the Trade Envelopes, Block Graphics, Wisco, and National Imprint Corporation brands; and financial and security documents under the Northstar and General Financial Supply brands. It sells its products directly, as well as through private printers and independent distributors to large banking organizations. The company was formerly known as Ennis Business Forms, Inc. Ennis, Inc. was founded in 1909 and is headquartered in Midlothian, Texas.
Details
| Name: | Ennis, Inc. |
| EBF | |
| Exchange: | NYSE |
| Founded: | 1909 |
| $531,674,911 | |
| 26,113,699 | |
| Website: | http://www.ennis.com |
| Address: |
Ennis, Inc. 2441 Presidential Parkway, Midlothian, Texas, 76065, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | EBF | Common Stock | New York Stock Exchange | US | USD | 02. Jan 1969 |
Number of employees
Current staff
Industry
| Commercial Printing | |
| Commercial Services |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/07/17 23:36 |
| End of day share price update: | 2019/07/17 00:00 |
| Last estimates confirmation: | 2019/06/25 |
| Last earnings filing: | 2019/07/03 |
| Last earnings reported: | 2019/05/31 |
| Last annual earnings reported: | 2019/02/28 |
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.
