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Spectrum Brands Holdings

Market Cap

US$3.9b

Last Updated

2021/05/14 00:02 UTC

Data Sources

Company Financials +

Executive Summary

Spectrum Brands Holdings, Inc. operates as a branded consumer products company worldwide. More Details


Snowflake Analysis

Undervalued with acceptable track record.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: SPB is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: SPB's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

0.9%

SPB

1.5%

US Household Products

-2.8%

US Market


1 Year Return

145.6%

SPB

19.0%

US Household Products

49.0%

US Market

Return vs Industry: SPB exceeded the US Household Products industry which returned 17.2% over the past year.

Return vs Market: SPB exceeded the US Market which returned 49.4% over the past year.


Shareholder returns

SPBIndustryMarket
7 Day0.9%1.5%-2.8%
30 Day3.1%1.6%-2.6%
90 Day10.6%6.8%-1.5%
1 Year150.3%145.6%21.7%19.0%51.5%49.0%
3 Year29.4%19.6%95.5%80.8%58.2%48.3%
5 Year17.2%8.3%94.0%69.1%123.8%98.9%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Spectrum Brands 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: SPB ($92.36) is trading below our estimate of fair value ($220)

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


Price To Earnings Ratio

PE vs Industry: SPB is good value based on its PE Ratio (13.6x) compared to the US Household Products industry average (21.3x).

PE vs Market: SPB is good value based on its PE Ratio (13.6x) compared to the US market (19.5x).


Price to Earnings Growth Ratio

PEG Ratio: SPB is poor value based on its PEG Ratio (1.4x)


Price to Book Ratio

PB vs Industry: SPB is good value based on its PB Ratio (2.7x) compared to the US Household Products industry average (5.3x).


Future Growth

How is Spectrum Brands Holdings forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

9.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SPB's forecast earnings growth (9.6% per year) is above the savings rate (2%).

Earnings vs Market: SPB's earnings (9.6% per year) are forecast to grow slower than the US market (14.7% per year).

High Growth Earnings: SPB's earnings are forecast to grow, but not significantly.

Revenue vs Market: SPB's revenue (0.5% per year) is forecast to grow slower than the US market (9% per year).

High Growth Revenue: SPB's revenue (0.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SPB's Return on Equity is forecast to be high in 3 years time (23.4%)


Past Performance

How has Spectrum Brands Holdings performed over the past 5 years?

13.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SPB has high quality earnings.

Growing Profit Margin: SPB became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: SPB has become profitable over the past 5 years, growing earnings by 13.6% per year.

Accelerating Growth: SPB has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: SPB has become profitable in the last year, making it difficult to compare its past year earnings growth to the Household Products industry (41%).


Return on Equity

High ROE: SPB's Return on Equity (19.5%) is considered low.


Financial Health

How is Spectrum Brands Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: SPB's short term assets ($1.8B) exceed its short term liabilities ($926.4M).

Long Term Liabilities: SPB's short term assets ($1.8B) do not cover its long term liabilities ($2.9B).


Debt to Equity History and Analysis

Debt Level: SPB's debt to equity ratio (161.5%) is considered high.

Reducing Debt: SPB's debt to equity ratio has reduced from 409.7% to 161.5% over the past 5 years.

Debt Coverage: SPB's debt is not well covered by operating cash flow (16.4%).

Interest Coverage: SPB's interest payments on its debt are well covered by EBIT (3.1x coverage).


Balance Sheet


Dividend

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

1.82%

Current Dividend Yield


Upcoming Dividend Payment

TodayMay 14 2021Ex Dividend DateMay 19 2021Dividend Pay DateJun 10 202122 days from Ex DividendBuy in the next 5 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: SPB's dividend (1.82%) is higher than the bottom 25% of dividend payers in the US market (1.28%).

High Dividend: SPB's dividend (1.82%) is low compared to the top 25% of dividend payers in the US market (3.48%).


Stability and Growth of Payments

Stable Dividend: SPB has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: SPB has only been paying a dividend for 3 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (24.8%), SPB's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SPB's dividends in 3 years are forecast to be well covered by earnings (28% payout ratio).


Next Steps

Management

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

2.3yrs

Average management tenure


CEO

David Maura (48 yo)

2.83yrs

Tenure

US$10,948,358

Compensation

Mr. David M. Maura, CFA, has been Chief Executive Officer of Spectrum Brands Legacy, Inc. since April 26, 2018. Mr. Maura served as the Chairman, President and Chief Executive Officer at Vivint Smart Home,...


CEO Compensation Analysis

Compensation vs Market: David's total compensation ($USD10.95M) is above average for companies of similar size in the US market ($USD5.40M).

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


Leadership Team

Experienced Management: SPB's management team is considered experienced (2.3 years average tenure).


Board Members

Experienced Board: SPB's board of directors are not considered experienced ( 1.6 years average tenure), which suggests a new board.


Ownership

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


Insider Trading Volume

Insider Buying: SPB 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

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


Key Information

  • Name: Spectrum Brands Holdings, Inc.
  • Ticker: SPB
  • Exchange: NYSE
  • Founded: NaN
  • Industry: Household Products
  • Sector: Household
  • Market Cap: US$3.937b
  • Shares outstanding: 42.63m
  • Website: https://www.spectrumbrands.com

Number of Employees


Location

  • Spectrum Brands Holdings, Inc.
  • 3001 Deming Way
  • Middleton
  • Wisconsin
  • 53562
  • United States

Listings


Biography

Spectrum Brands Holdings, Inc. operates as a branded consumer products company worldwide. The company’s Hardware & Home Improvement segment offers hardware products under the National Hardware and FANAL br...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/14 00:02
End of Day Share Price2021/05/13 00:00
Earnings2021/04/04
Annual Earnings2020/09/30


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.