Energizer Holdings (ENR) AI Stock Analysis

• Market Cap: $1.39B
• Dividend Yield: 5.88%
• Average Volume (3M): 792.43K
• Price to Earnings (P/E): 6.1
• Beta (1Y): 0.70
• Revenue Growth: 2.28%
• EPS Growth: 534.60%
• Country: US
• Employees: 5,600
• Sector: Industrials
• Sector Strength: 72
• Industry: Electrical Equipment & Parts
• EPS (TTM): 1.05
• Shares Outstanding: 68,570,620
• 10 Day Avg. Volume: 870,045
• 30 Day Avg. Volume: 792,429
• PEG Ratio: 0.01
• Price to Book (P/B): 10.39
• Price to Sales (P/S): 0.60
• P/FCF Ratio: 27.92
• Enterprise Value/Market Cap: 0.00
• Enterprise Value/Revenue: 0.00
• Enterprise Value/Gross Profit: 0.00
• Enterprise Value/Ebitda: 0.00
• 1Y Price Target: $27.50
• Price Target Upside: 16.92% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 4
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 59 Neutral
• Price Target: $19.00 ▼(-19.22% Downside)

Energizer Holdings' overall stock score reflects a mixed financial performance with high leverage and weak cash flow, offset by strong earnings growth and strategic initiatives highlighted in the earnings call. The stock's low valuation and high dividend yield provide potential upside, but technical indicators suggest caution due to bearish trends.

Positive Factors

E-commerce and International Expansion

Strong e-commerce and international expansion highlight Energizer's ability to adapt to market trends, driving long-term revenue growth.

Project Momentum Achievements

Cost savings from Project Momentum enhance operational efficiency and margin sustainability, supporting long-term profitability.

Shareholder Returns

Returning capital to shareholders reflects strong cash generation and management's commitment to shareholder value.

Negative Factors

High Leverage

High leverage poses financial stability risks, limiting flexibility and increasing vulnerability to economic downturns.

Weak Cash Flow

Declining cash flow growth indicates challenges in liquidity and financial flexibility, impacting long-term operations.

Battery Category Decline

A declining battery market could hinder revenue growth, challenging Energizer's core business sustainability.

Energizer Holdings Business Overview & Revenue Model

Company Description

Energizer Holdings, Inc. is a global leader in the design and manufacture of batteries and portable power products. The company operates primarily in the consumer goods sector, focusing on batteries, portable power solutions, and lighting products. Its core brands include Energizer, Eveready, and Rayovac, which are well-known for delivering reliable and innovative power solutions for both everyday and specialized needs, catering to a wide range of consumer electronics, household devices, and outdoor activities.

How the Company Makes Money

Energizer Holdings generates revenue primarily through the sale of batteries and portable power products. The company's revenue model is built on a diverse portfolio that includes alkaline batteries, rechargeable batteries, specialty batteries, and lighting products. Key revenue streams consist of retail sales through major distribution channels, including mass merchants, drug stores, and online retailers. Additionally, Energizer leverages partnerships with OEMs (original equipment manufacturers) and collaborates with retailers for exclusive product offerings, enhancing market presence and driving sales. The company also invests in marketing and brand development to maintain customer loyalty and capitalize on seasonal demand peaks, particularly during holidays and back-to-school periods.

Energizer Holdings Financial Statement Overview

Summary

Energizer Holdings shows mixed financial performance. While operational efficiency and gross profit margins have improved, high leverage and inconsistent revenue growth are concerns. Weak cash flow generation raises liquidity and financial flexibility issues.

Income Statement

Energizer Holdings shows a mixed performance in its income statement. The gross profit margin has improved to 41.75% in the latest year, indicating strong cost management. However, the net profit margin is relatively low at 8.09%, reflecting challenges in converting revenue into profit. Revenue growth has been inconsistent, with a slight increase in the latest year but a decline in previous years. The EBIT and EBITDA margins have shown improvement, suggesting better operational efficiency.

Balance Sheet

The balance sheet reveals significant leverage with a high debt-to-equity ratio of 20.78, posing a risk in terms of financial stability. Return on equity has improved to 1.41%, but this is still low, indicating limited profitability relative to shareholder equity. The equity ratio remains weak, suggesting a heavy reliance on debt financing.

Cash Flow

Cash flow analysis shows a concerning decline in free cash flow growth, down by 60% in the latest year. The operating cash flow to net income ratio is low at 0.19, indicating challenges in converting earnings into cash. The free cash flow to net income ratio is moderate at 0.43, suggesting some ability to generate cash relative to net income, but overall cash flow performance is weak.

Breakdown	TTM	Dec 2025	Dec 2025	Dec 2024	Dec 2023	Dec 2022
Income Statement
Total Revenue	2.95B	2.95B	2.95B	2.89B	2.96B	3.05B
Gross Profit	1.21B	1.20B	1.20B	1.10B	1.09B	1.06B
EBITDA	587.20M	587.20M	587.20M	330.00M	493.10M	-28.00M
Net Income	239.00M	239.00M	239.00M	38.10M	140.50M	-231.50M
Balance Sheet
Total Assets	4.56B	4.56B	4.56B	4.34B	4.51B	4.57B
Cash, Cash Equivalents and Short-Term Investments	236.20M	236.20M	236.20M	216.90M	223.30M	205.30M
Total Debt	3.53B	3.53B	3.53B	3.31B	3.45B	3.62B
Total Liabilities	4.39B	4.39B	4.39B	4.21B	4.30B	4.44B
Stockholders Equity	169.90M	169.90M	169.90M	135.80M	210.70M	130.60M
Cash Flow
Free Cash Flow	63.20M	63.20M	63.20M	331.70M	338.40M	-91.50M
Operating Cash Flow	147.10M	147.10M	147.10M	429.60M	395.20M	1.00M
Investing Cash Flow	-98.20M	-98.20M	-98.20M	-114.00M	-56.10M	-90.90M
Financing Cash Flow	-29.10M	-29.10M	-29.10M	-300.30M	-309.40M	79.10M

Energizer Holdings Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 23.52
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ENR, the sentiment is Negative. The current price of 23.52 is above the 20-day moving average (MA) of 18.70, above the 50-day MA of 21.69, and below the 200-day MA of 24.18, indicating a neutral trend. The MACD of -0.58 indicates Negative momentum. The RSI at 52.49 is Neutral, neither overbought nor oversold. The STOCH value of 83.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ENR.

Energizer Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ENS	77 Outperform	$5.44B	17.21	18.22%	0.68%	6.17%	20.86%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
ENR	59 Neutral	$1.39B	6.11	156.36%	5.88%	2.28%	534.60%
ENVX	55 Neutral	$1.86B	-9.74	-68.95%	―	45.98%	44.14%
ATKR	52 Neutral	$2.18B	-122.85	-1.11%	2.03%	-10.98%	-103.99%
AMPX	51 Neutral	$1.42B	-24.46	―	―	209.20%	4.24%
MVST	50 Neutral	$987.83M	―	-35.82%	―	19.82%	-7.14%

Energizer Holdings Corporate Events

Energizer Holdings Discusses Strategy at Morgan Stanley Conference

On December 3, 2025, Energizer Holdings, Inc. participated in the Morgan Stanley Global Consumer & Retail Conference, where key executives addressed analysts. The presentation included discussions on the company’s financial performance and strategic direction, highlighting potential risks and uncertainties that could impact future results, such as global economic conditions, competition, and changes in consumer preferences. The company also emphasized the use of non-GAAP financial measures to provide a clearer picture of its ongoing operations and performance, excluding certain non-recurring items.

Energizer Holdings Reports Q4 and Fiscal Year Results

On November 18, 2025, Energizer Holdings announced its financial results for the fourth quarter and full fiscal year ending September 30, 2025. The company reported a 2.3% increase in net sales for the year, driven by acquisitions and organic growth, despite challenges such as tariff costs and softer consumer demand in North America. Project Momentum, a cost-saving initiative, has been extended to enhance operational efficiency and integrate recent acquisitions. The company remains optimistic about future growth, leveraging its resilient product categories and strategic initiatives to navigate a transitional period in fiscal 2026.

Energizer Holdings Issues $400M in Senior Notes

On September 22, 2025, Energizer Holdings, Inc. completed the issuance and sale of $400 million in Senior Notes due 2033, with an interest rate of 6.000% per annum. The proceeds from this issuance, along with an incremental term loan facility, are intended to redeem the 2027 Senior Notes, repay a portion of the Revolving Credit Facility, and cover general corporate expenses. This financial maneuver is part of Energizer’s strategy to manage its debt and improve its financial positioning, potentially impacting stakeholders by altering the company’s credit structure and financial obligations.