NYSE:ENR

Stock Analysis Report

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Executive Summary

Energizer Holdings, Inc., together with its subsidiaries, manufactures, markets, and distributes household batteries, specialty batteries, and lighting products worldwide. More Details


Snowflake Analysis

Good value with reasonable growth potential.


Similar Companies

Share Price & News

How has Energizer Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ENR's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-4.7%

ENR

-3.2%

US Household Products

-5.3%

US Market


1 Year Return

-8.6%

ENR

13.9%

US Household Products

10.4%

US Market

Return vs Industry: ENR underperformed the US Household Products industry which returned 13.3% over the past year.

Return vs Market: ENR underperformed the US Market which returned 12% over the past year.


Shareholder returns

ENRIndustryMarket
7 Day-4.7%-3.2%-5.3%
30 Day-2.2%-1.0%-2.1%
90 Day-21.5%2.0%1.7%
1 Year-6.2%-8.6%16.6%13.9%12.9%10.4%
3 Year1.0%-6.3%61.9%49.4%34.3%25.4%
5 Year9.0%-3.6%92.6%68.1%73.7%54.3%

Price Volatility Vs. Market

How volatile is Energizer Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Energizer Holdings undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ENR ($39.35) is trading below our estimate of fair value ($92.15)

Significantly Below Fair Value: ENR is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: ENR is good value based on its PE Ratio (22.8x) compared to the US Household Products industry average (25.5x).

PE vs Market: ENR is poor value based on its PE Ratio (22.8x) compared to the US market (18.1x).


Price to Earnings Growth Ratio

PEG Ratio: ENR is good value based on its PEG Ratio (0.4x)


Price to Book Ratio

PB vs Industry: ENR is overvalued based on its PB Ratio (7x) compared to the US Household Products industry average (6.7x).


Next Steps

Future Growth

How is Energizer Holdings forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

52.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ENR's forecast earnings growth (52% per year) is above the savings rate (2.2%).

Earnings vs Market: ENR's earnings (52% per year) are forecast to grow faster than the US market (22% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ENR's revenue (1.8% per year) is forecast to grow slower than the US market (10% per year).

High Growth Revenue: ENR's revenue (1.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ENR's Return on Equity is forecast to be high in 3 years time (29%)


Next Steps

Past Performance

How has Energizer Holdings performed over the past 5 years?

-0.02%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ENR has a large one-off loss of $77.5M impacting its June 30 2020 financial results.

Growing Profit Margin: ENR's current net profit margins (4.4%) are higher than last year (0.5%).


Past Earnings Growth Analysis

Earnings Trend: ENR's earnings have declined by 0.02% per year over the past 5 years.

Accelerating Growth: ENR's earnings growth over the past year (896.8%) exceeds its 5-year average (-0.02% per year).

Earnings vs Industry: ENR earnings growth over the past year (896.8%) exceeded the Household Products industry 34.6%.


Return on Equity

High ROE: Whilst ENR's Return on Equity (35.12%) is high, this metric is skewed due to their high level of debt.


Next Steps

Financial Health

How is Energizer Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: ENR's short term assets ($1.6B) exceed its short term liabilities ($984.4M).

Long Term Liabilities: ENR's short term assets ($1.6B) do not cover its long term liabilities ($3.8B).


Debt to Equity History and Analysis

Debt Level: ENR's debt to equity ratio (908.4%) is considered high.

Reducing Debt: ENR had negative shareholder equity 5 years ago, but is now positive and has therefore improved.

Debt Coverage: ENR's debt is not well covered by operating cash flow (10.3%).

Interest Coverage: ENR's interest payments on its debt are not well covered by EBIT (2.4x coverage).


Balance Sheet


Next Steps

Dividend

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

3.05%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ENR's dividend (3.05%) is higher than the bottom 25% of dividend payers in the US market (1.69%).

High Dividend: ENR's dividend (3.05%) is low compared to the top 25% of dividend payers in the US market (4.78%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, ENR has been paying a dividend for less than 10 years.

Growing Dividend: ENR's dividend payments have increased, but the company has only paid a dividend for 5 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (69.5%), ENR's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: ENR's dividends in 3 years are forecast to be well covered by earnings (37.5% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.3yrs

Average management tenure


CEO

Alan Hoskins (59 yo)

5.25yrs

Tenure

US$6,814,918

Compensation

Mr. Alan R. Hoskins has been the Chief Executive Officer at Energizer Holdings, Inc since July 2015 and had been its President since July 2015 until November 2019. Mr. Hoskins has been with Energizer for o ...


CEO Compensation Analysis

Compensation vs Market: Alan's total compensation ($USD6.81M) is about average for companies of similar size in the US market ($USD5.63M).

Compensation vs Earnings: Alan's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Alan Hoskins
CEO & Director5.25yrsUS$6.81m0.54%
$ 14.5m
Mark LaVigne
President & COO0.83yrUS$2.57m0.17%
$ 4.5m
Timothy Gorman
Executive VP & CFO3.25yrsUS$2.14m0.094%
$ 2.5m
Emily Boss
Executive Counselno dataUS$1.44m0.059%
$ 1.6m
John Drabik
Senior VP0.83yrno data0.011%
$ 309.6k
Terence Calloway
CTO & VP of Research and Development4yrsno datano data
Jacqueline Burwitz
Vice President of Investor Relationsno datano datano data
Hannah Kim
Chief Legal Officer & Corporate Secretary0.83yrno data0.0013%
$ 34.1k
Ruben Mella
Vice President of Communicationsno datano datano data
Lori Shambro
Chief Marketing Officerno datano datano data
Susan Drath
Chief Human Capital Officerno datano data0.060%
$ 1.6m
Robin Vauth
Chief Commercial Officer of International3.83yrsno datano data

3.3yrs

Average Tenure

50yo

Average Age

Experienced Management: ENR's management team is considered experienced (3.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Alan Hoskins
CEO & Director5.25yrsUS$6.81m0.54%
$ 14.5m
Robert Vitale
Independent Director3.17yrsUS$230.51k0.030%
$ 798.9k
Patrick Moore
Independent Chairman of the Board1.83yrsUS$301.51k0%
$ 0
Kevin Hunt
Independent Director5.25yrsUS$211.51k0.023%
$ 628.4k
Bill Armstrong
Independent Director5.25yrsUS$213.01k0.041%
$ 1.1m
John Klein
Independent Director5.25yrsUS$213.01k0.011%
$ 309.6k
Cynthia Brinkley
Independent Director5.25yrsUS$214.84k0.015%
$ 407.6k
James Johnson
Independent Director5.25yrsUS$231.51k0%
$ 0
Nneka Rimmer
Independent Director2.25yrsUS$213.01k0.0047%
$ 126.7k
Carlos Abrams-Rivera
Independent Director0.75yrno data0.0015%
$ 39.5k
Rebecca Frankiewicz
Independent Director0.75yrno datano data

5.3yrs

Average Tenure

60yo

Average Age

Experienced Board: ENR's board of directors are considered experienced (5.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: ENR insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Energizer Holdings, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Energizer Holdings, Inc.
  • Ticker: ENR
  • Exchange: NYSE
  • Founded:
  • Industry: Household Products
  • Sector: Household
  • Market Cap: US$2.706b
  • Shares outstanding: 68.52m
  • Website: https://www.energizerholdings.com

Number of Employees


Location

  • Energizer Holdings, Inc.
  • 533 Maryville University Drive
  • St. Louis
  • Missouri
  • 63141
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
EGGDB (Deutsche Boerse AG)YesCommon StockDEEURJun 2015
ENRNYSE (New York Stock Exchange)YesCommon StockUSUSDJun 2015
ENR.PRANYSE (New York Stock Exchange)7.5 MCNV PFD AUSUSDJan 2019

Biography

Energizer Holdings, Inc., together with its subsidiaries, manufactures, markets, and distributes household batteries, specialty batteries, and lighting products worldwide. It offers lithium, alkaline, carb ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/31 01:22
End of Day Share Price2020/10/30 00:00
Earnings2020/06/30
Annual Earnings2019/09/30


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.