Energizer Holdings (ENR) AI Stock Analysis

• Market Cap: $1.88B
• Dividend Yield: 4.35%
• Average Volume (3M): 1.08M
• Price to Earnings (P/E): 7.9
• Beta (1Y): 0.61
• Revenue Growth: 1.15%
• EPS Growth: 2358.45%
• Country: US
• Employees: 5,600
• Sector: Industrials
• Sector Strength: 79
• Industry: Electrical Equipment & Parts
• EPS (TTM): 1.13
• Shares Outstanding: 68,268,530
• 10 Day Avg. Volume: 730,717
• 30 Day Avg. Volume: 1,078,661
• PEG Ratio: -0.82
• Price to Book (P/B): 16.79
• Price to Sales (P/S): 0.79
• P/FCF Ratio: 6.87
• Enterprise Value/Market Cap: 2.52
• Enterprise Value/Revenue: 1.62
• Enterprise Value/Gross Profit: 3.84
• Enterprise Value/Ebitda: 7.88
• 1Y Price Target: $31.13
• Price Target Upside: 12.95% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 8

• Rating: 77 Outperform
• Price Target: $31.00 ▲(12.48% Upside)

Energizer Holdings receives a strong overall score due to its positive earnings call, favorable valuation, and bullish technical indicators. The company's profitability and strategic initiatives are promising, although high leverage and cash flow concerns warrant caution. The stock's attractive P/E ratio and dividend yield further enhance its investment appeal.

Positive Factors

Financial Performance

Energizer Holdings posted a large Q3 EPS beat with or without production credits, indicating strong financial performance.

Shareholder Confidence

Energizer Holdings engaged in aggressive share repurchases, demonstrating confidence in the company's valuation and future prospects.

Strategic Management

Energizer Holdings expects to fully offset significant tariffs through pricing, sourcing, and productivity, indicating strategic financial management.

Negative Factors

Debt Leverage

Energizer Holdings faces risk exacerbated by high debt leverage, although it seems priced into valuation.

Guidance and Forecasts

Q3 guided well below expectations and FY2025 guidance lowered given the uncertain macro environment and consumer.

Macroeconomic Environment

The company expects Q3 organic sales growth to be flat to down 2% driven by tariff uncertainty and economic volatility impacting consumers.

Energizer Holdings Business Overview & Revenue Model

Company Description

Energizer Holdings, Inc. (ENR) is a leading consumer goods company specializing in the manufacture and distribution of batteries and personal care products. The company operates primarily in two sectors: Battery and Personal Care. Energizer is known for its iconic brands, including Energizer® batteries, Eveready®, and a range of personal care products such as Schick® razors and Playtex® feminine care products. With a commitment to innovation and sustainability, Energizer focuses on providing reliable power solutions and personal care items to consumers around the globe.

How the Company Makes Money

Energizer Holdings generates revenue primarily through the sale of batteries and personal care products. The company's key revenue streams include retail sales of disposable batteries, rechargeable batteries, and battery chargers, which are sold through various channels including mass merchandisers, drug stores, and convenience stores. Additionally, Energizer earns revenue from its personal care products, which include shaving, grooming, and feminine hygiene items. Significant partnerships with major retailers enhance their distribution reach, while ongoing product innovation and marketing strategies support brand loyalty and consumer demand. The company also benefits from economies of scale in manufacturing and distribution, which help to optimize costs and margins.

Energizer Holdings Financial Statement Overview

Summary

Energizer Holdings exhibits stable revenue growth with strong cash flow generation despite challenges in profitability and high leverage. The company's strong cash flow ratios provide a buffer against financial risks, but high debt levels and a low equity ratio highlight concerns over financial stability.

Income Statement

The company demonstrates stable revenue with a slight growth of 0.51% in TTM compared to the previous year. However, profitability metrics such as the gross profit margin at 38.34% and net profit margin at 1.87% show room for improvement. The EBIT margin of 14.03% indicates moderate operational efficiency, while the EBITDA margin at 12.35% suggests some pressure on earnings before interest, taxes, depreciation, and amortization.

Balance Sheet

The balance sheet shows a high debt-to-equity ratio of 24.32, indicating significant leverage, which poses a risk. The equity ratio is low at 3.18%, reflecting limited equity financing. ROE stands at 40.63%, suggesting good returns on equity, but it may be driven by high leverage rather than operational efficiency.

Cash Flow

The company's cash flow is strong with a free cash flow to net income ratio of 3.26, indicating efficient cash generation from operations relative to net income. However, the free cash flow growth rate has been negative, pointing to potential fluctuations in cash reserves. The operating cash flow to net income ratio stands at 5.13, showing robust cash generation from core operations.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.93B	2.89B	2.96B	3.05B	3.02B	2.74B
Gross Profit	1.24B	1.10B	1.12B	1.12B	1.16B	1.08B
EBITDA	602.30M	330.00M	493.10M	-28.00M	427.80M	370.30M
Net Income	251.70M	38.10M	140.50M	-231.50M	160.90M	46.80M
Balance Sheet
Total Assets	4.52B	4.34B	4.51B	4.57B	5.01B	5.73B
Cash, Cash Equivalents and Short-Term Investments	171.10M	216.90M	223.30M	205.30M	238.90M	459.80M
Total Debt	3.47B	3.31B	3.45B	3.62B	3.57B	4.28B
Total Liabilities	4.33B	4.21B	4.30B	4.44B	4.65B	5.42B
Stockholders Equity	183.20M	135.80M	210.70M	130.60M	355.70M	309.10M
Cash Flow
Free Cash Flow	158.00M	331.70M	338.40M	-91.50M	114.80M	311.10M
Operating Cash Flow	254.50M	429.60M	395.20M	1.00M	179.70M	376.40M
Investing Cash Flow	-106.90M	-114.00M	-56.10M	-90.90M	-126.40M	216.90M
Financing Cash Flow	-126.20M	-300.30M	-309.40M	79.10M	-1.07B	393.10M

Energizer Holdings Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 27.56
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ENR, the sentiment is Neutral. The current price of 27.56 is below the 20-day moving average (MA) of 28.09, above the 50-day MA of 24.31, and below the 200-day MA of 28.19, indicating a neutral trend. The MACD of 0.92 indicates Positive momentum. The RSI at 55.74 is Neutral, neither overbought nor oversold. The STOCH value of 33.37 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for ENR.

Energizer Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ENS	80 Outperform	$3.85B	11.71	19.13%	0.94%	3.73%	32.29%
POWL	80 Outperform	$3.21B	18.48	34.00%	0.40%	14.32%	33.76%
ENR	77 Outperform	$1.88B	7.94	164.19%	4.35%	1.15%	2358.45%
AEIS	75 Outperform	$5.64B	67.91	7.04%	0.27%	8.49%	-7.65%
Sector *	64 Neutral	$10.84B	16.10	8.24%	1.99%	2.74%	-14.89%
ENVX	54 Neutral	$1.89B	―	-68.46%	―	60.04%	52.49%
ADSE	45 Neutral	$711.83M	―	-279.62%	―	2.45%	-69.94%

Energizer Holdings Corporate Events

Energizer Holdings Refinances Debt for Financial Flexibility

On March 19, 2025, Energizer Holdings announced the successful refinancing and extension of its $760 million Term Loan and $500 million Revolving Credit Facility. This move extends the maturity dates of these facilities, strengthens the company’s debt capital structure, and provides enhanced financial flexibility. The new Term Loan matures in 2032, while the Revolving Credit Facility matures in 2030, both bearing interest rates tied to the Secured Overnight Financing Rate (SOFR). This refinancing is seen as a testament to Energizer’s strong operating performance and commitment to debt reduction, offering benefits to stakeholders by maintaining a cost-efficient and flexible debt structure.