Ennis (EBF) AI Stock Analysis

• Market Cap: $481.34M
• Dividend Yield: 5.36%
• Average Volume (3M): 141.01K
• Price to Earnings (P/E): 12.4
• Beta (1Y): 0.41
• Revenue Growth: -5.64%
• EPS Growth: -5.74%
• Country: US
• Employees: 1,941
• Sector: Industrials
• Sector Strength: 86
• Industry: Business Equipment & Supplies
• EPS (TTM): 0.38
• Shares Outstanding: 25,795,160
• 10 Day Avg. Volume: 182,583
• 30 Day Avg. Volume: 141,006
• PEG Ratio: -6.38
• Price to Book (P/B): 1.61
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 10.47
• Enterprise Value/Market Cap: 0.94
• Enterprise Value/Revenue: 0.29
• Enterprise Value/Gross Profit: 3.88
• Enterprise Value/Ebitda: 1.63
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 72 Outperform
• Price Target: $20.50 ▲(9.86%Upside)

Ennis's strong financial performance and attractive valuation are the primary drivers of its overall score. The company's low leverage and effective cash flow management are significant strengths. However, technical analysis indicates a neutral to bearish trend, moderating the overall score.

Ennis Business Overview & Revenue Model

Company 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, Wright 360, Integrated Print & Graphics, the Flesh Company, Impressions Direct, Ace Forms, and AmeriPrint 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 name; and presentation 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 brand name; 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, and Infoseal brands. It distributes business products and forms through independent distributors. The company was formerly known as Ennis Business Forms, Inc. Ennis, Inc. was incorporated in 1909 and is headquartered in Midlothian, Texas.

How the Company Makes Money

Ennis makes money primarily through the manufacturing and sale of printed business products. Their revenue model is based on producing both custom and standard forms, checks, labels, and envelopes, which are sold directly to customers or through a network of distributors. The company benefits from economies of scale and a broad distribution network, allowing it to serve a wide range of industries efficiently. Key revenue streams include direct sales to businesses, distribution partnerships, and contracts with large organizations requiring bulk printing services. Ennis' ability to provide customized solutions and maintain high-quality standards contributes significantly to its earnings, along with its strategic acquisitions that expand its product offerings and market reach.

Ennis Financial Statement Overview

Summary

Ennis exhibits sound financial health with strong profitability margins and a solid balance sheet. The company has a low Debt-to-Equity Ratio, indicating low leverage, and strong equity positions. Although revenue growth has been slightly negative, effective cash flow management positions it well for potential future growth.

Income Statement

Ennis displays a stable financial performance in the TTM period with a Gross Profit Margin of 30% and a Net Profit Margin of 10.1%. The EBIT Margin stands at 13.3%, and the EBITDA Margin is 13%. Revenue has seen a slight decline of 1.5% compared to the previous annual period, which may indicate a need for renewed growth strategies.

Balance Sheet

The company's balance sheet is strong, evidenced by a Debt-to-Equity Ratio of 0.01, indicating low leverage. The Return on Equity (ROE) is 13.1%, reflecting a good return for shareholders. With an Equity Ratio of 83.3%, Ennis maintains a robust equity base, underscoring financial stability.

Cash Flow

Ennis has demonstrated strong cash flow management. The Free Cash Flow to Net Income Ratio is 1.17, and the Operating Cash Flow to Net Income Ratio is 1.29, indicating effective cash generation relative to net income. Although there was a decrease in Free Cash Flow Growth of -23.37% in the TTM period, cash flow remains healthy.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	388.71M	394.62M	420.11M	431.84M	400.01M	357.97M
Gross Profit	116.62M	117.29M	125.34M	131.05M	114.72M	103.77M
EBITDA	68.58M	68.48M	74.02M	77.61M	60.73M	51.32M
Net Income	39.33M	40.22M	42.60M	47.30M	28.98M	24.09M
Balance Sheet
Total Assets	361.66M	348.94M	399.19M	393.83M	368.84M	364.39M
Cash, Cash Equivalents and Short-Term Investments	32.62M	72.47M	110.92M	93.97M	85.61M	75.19M
Total Debt	4.27M	9.48M	9.57M	13.01M	15.33M	18.91M
Total Liabilities	60.51M	46.95M	49.35M	62.40M	65.03M	63.84M
Stockholders Equity	301.15M	301.98M	349.84M	331.43M	303.81M	300.55M
Cash Flow
Free Cash Flow	45.96M	59.97M	62.57M	42.44M	44.14M	49.14M
Operating Cash Flow	50.71M	65.86M	69.07M	46.78M	50.68M	52.82M
Investing Cash Flow	-12.55M	13.20M	-54.99M	-11.46M	-10.05M	-21.18M
Financing Cash Flow	-96.90M	-93.65M	-26.45M	-26.96M	-30.21M	-24.70M

Ennis Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 18.66
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EBF, the sentiment is Positive. The current price of 18.66 is above the 20-day moving average (MA) of 18.60, above the 50-day MA of 18.62, and below the 200-day MA of 19.95, indicating a neutral trend. The MACD of -0.07 indicates Negative momentum. The RSI at 50.63 is Neutral, neither overbought nor oversold. The STOCH value of 47.04 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for EBF.

Ennis Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EBF	72 Outperform	$481.34M	12.37	12.00%	5.36%	-5.64%	-5.74%
IIIN	72 Outperform	$761.52M	34.02	6.61%	0.30%	-0.33%	-7.06%
TWI	66 Neutral	$682.91M	―	-2.65%	―	5.64%	-124.05%
Sector *	65 Neutral	$10.81B	15.65	5.50%	1.89%	3.10%	-27.09%
FLX	55 Neutral	$217.05M	124.65	-53.71%	―	-7.95%	-83128.57%
JELD	47 Neutral	$378.73M	―	-55.39%	―	-14.12%	-1264.86%
TRC	46 Neutral	$485.47M	226.60	0.46%	―	7.04%	268.20%

Ennis Corporate Events

Ennis Reports Decrease in Quarterly Revenues

Ennis, Inc. reported a decrease in revenues to $97.2 million for the quarter ended May 31, 2025, compared to $103.1 million in the same quarter last year, but managed to increase its gross profit margin to 31.1%. The company highlighted its strategic acquisitions, such as Northeastern Envelope, and proactive inventory management in response to supply disruptions, maintaining a strong financial position with no debt and a focus on shareholder value through dividends and share repurchases.

Ennis Announces Board Changes Ahead of Shareholders Meeting

On May 6, 2025, Ennis, Inc. announced that Michael Schaefer, a member of its Board of Directors and chair of the Audit Committee, will not be nominated for re-election at the upcoming annual shareholders meeting in July. This decision follows Mr. Schaefer’s filing to sell 30,000 shares of the company’s stock due to personal reasons, which impacted the company’s ability to repurchase shares at a favorable time. Consequently, Ennis plans to nominate Wally Gruenes to the Board, with expectations that he will succeed Mr. Schaefer as chair of the Audit Committee.