Enersys (ENS)
NYSE:ENS
Top Page
EnerSys
(NYSE:ENS)
Select Model
Select Model
Rating:78Outperform
Price Target:
$218.00
▲(14.13% Upside)
Action:ReiteratedDate:03/26/26
The score is driven primarily by stronger multi-year profitability and solid TTM cash generation, reinforced by a technically positive trend and constructive earnings-call guidance/cost-savings execution. The main constraints are historical cash-flow consistency, uneven revenue/volume trends, and near-term risks from tariffs, restructuring charges, and non-GAAP/45X comparability.
Positive Factors
Margin Expansion / Profitability
EnerSys has materially improved underlying profitability and operating margins over multiple years, reflecting durable cost discipline, better mix and pricing. Higher sustainable EBIT margins support stronger free cash flow generation and resilience to cyclical volume shocks over the next 2–6 months.
Negative Factors
Uneven Revenue / Volume Weakness
Persistent organic volume weakness, especially in Motive Power, signals end‑market cyclicality that can suppress top‑line growth and extend recovery timelines. Sustained soft volumes limit operating leverage, making multi‑quarter revenue normalization uncertain.
Read all positive and negative factors
Positive Factors
Negative Factors
Margin Expansion / Profitability
EnerSys has materially improved underlying profitability and operating margins over multiple years, reflecting durable cost discipline, better mix and pricing. Higher sustainable EBIT margins support stronger free cash flow generation and resilience to cyclical volume shocks over the next 2–6 months.
Read all positive factors
EnerSys (ENS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$7.04B
Dividend Yield0.67%
Average Volume (3M)371.27K
Price to Earnings (P/E)15.1
Beta (1Y)1.13
Revenue Growth6.17%
EPS Growth20.86%
CountryUS
Employees10,797
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)2.77
Shares Outstanding36,851,376
10 Day Avg. Volume293,793
30 Day Avg. Volume371,266
Financial Highlights & Ratios
PEG Ratio0.26
Price to Book (P/B)1.90
Price to Sales (P/S)1.01
P/FCF Ratio26.15
Enterprise Value/Market Cap1.11
Enterprise Value/Revenue2.08
Enterprise Value/Gross Profit7.01
Enterprise Value/Ebitda14.79
Forecast
1Y Price Target
$194.67Price Target Upside1.91% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)11.82
Revenue Forecast (FY)$3.84B
EnerSys Business Overview & Revenue Model
Company Description
EnerSys provides various stored energy solutions for industrial applications worldwide. It operates in three segments: Energy Systems, Motive Power, and Specialty. The company offers uninterruptible power systems applications for computer and comp...
How the Company Makes Money
EnerSys makes money primarily by selling stored-energy products and related services to industrial and infrastructure customers. A core revenue stream is the manufacture and sale of batteries and battery systems (including both lead-acid and lithi...
EnerSys Earnings Call Summary
Earnings Call Date:Feb 04, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:May 27, 2026
Earnings Call Sentiment Positive
The call shows a net positive operational and financial momentum: strong margin and earnings improvement on an adjusted basis (ex 45X), record adjusted EPS ex‑45X (+50% YoY), robust free cash flow and notable segment wins (data center +28%, Specialty strong). These positives are tempered by persistent volume softness (organic volumes -4%), a weak Motive Power & Transportation cycle, tariff exposure (~$70M annualized) and GAAP/non‑GAAP comparability noise from 45X items. Management highlights meaningful cost savings, operational improvements, strategic progress on lithium factory discussions, and disciplined capital return. On balance, highlights materially outweigh the lowlights, though near‑term volume headwinds and timing risks create some caution.Positive Updates
Record Adjusted EPS (ex 45X)
Adjusted diluted EPS excluding 45X of $1.84, up 50% year‑over‑year and a company record for the third fiscal quarter.
Negative Updates
Organic Volume Weakness
Organic volumes declined 4% YoY, pressuring top-line growth and indicating continued near‑term demand softness in some end markets.
Read all updates
Q3-2026 Updates
Positive
Negative
Record Adjusted EPS (ex 45X)
Adjusted diluted EPS excluding 45X of $1.84, up 50% year‑over‑year and a company record for the third fiscal quarter.
Read all positive updates
Company Guidance
For Q4 fiscal 2026 EnerSys guided net sales of $960 million to $1.0 billion and adjusted diluted EPS of $2.95–$3.05 (which includes $37–$42 million of 45X benefits); excluding 45X they expect adjusted diluted EPS of $1.91–$2.01, which at the midpoint is ~10% year‑over‑year growth. Management reiterated full‑year CapEx of ~ $80 million, said Q4 should capture similar OpEx savings to Q3 (~$15 million), expects a full‑year as‑adjusted tax rate (before 45X) of 20%–22%, and noted tariff exposure remains ~22% of U.S. sourcing (~$70 million annualized). They closed Q3 with $450 million cash and $743 million net debt (leverage ~1.2x EBITDA), plan to keep leverage at or below the low end of their 2–3x target, reported Q3 free cash flow of $171 million (190% conversion; 300% excl. 45X), repurchased 672,000 shares for $84 million, paid $9.6 million in dividends, and have approximately $931 million of buyback authorization remaining.EnerSys Financial Statement Overview
Summary
Income Statement
84
Very Positive
Balance Sheet
78
Positive
Cash Flow
73
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.74B | 3.62B | 3.58B | 3.71B | 3.36B | 2.98B |
| Gross Profit | 1.11B | 1.09B | 982.89M | 840.14M | 749.97M | 739.15M |
| EBITDA | 526.14M | 558.57M | 434.16M | 361.32M | 307.59M | 302.65M |
| Net Income | 312.80M | 363.74M | 269.10M | 175.81M | 143.91M | 143.37M |
Balance Sheet | ||||||
| Total Assets | 4.05B | 3.97B | 3.47B | 3.62B | 3.74B | 3.46B |
| Cash, Cash Equivalents and Short-Term Investments | 450.08M | 343.13M | 333.32M | 346.67M | 402.49M | 451.81M |
| Total Debt | 1.18B | 1.20B | 914.26M | 1.09B | 1.37B | 1.07B |
| Total Liabilities | 2.15B | 2.05B | 1.71B | 2.01B | 2.24B | 1.92B |
| Stockholders Equity | 1.89B | 1.92B | 1.75B | 1.60B | 1.49B | 1.54B |
Cash Flow | ||||||
| Free Cash Flow | 441.28M | 139.26M | 370.59M | 191.17M | -139.63M | 288.36M |
| Operating Cash Flow | 538.80M | 260.30M | 457.03M | 279.94M | -65.58M | 358.38M |
| Investing Cash Flow | -104.59M | -336.39M | -92.48M | -44.80M | -69.23M | -65.04M |
| Financing Cash Flow | -479.99M | 90.27M | -370.56M | -270.45M | 98.43M | -188.72M |
EnerSys Technical Analysis
Positive
191.01
Price Trends
172.36
Positive
162.05
Positive
133.60
Positive
Market Momentum
5.11
Negative
68.69
Neutral
95.86
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ENS, the sentiment is Positive. The current price of 191.01 is above the 20-day moving average (MA) of 173.54, above the 50-day MA of 172.36, and above the 200-day MA of 133.60, indicating a bullish trend. The MACD of 5.11 indicates Negative momentum. The RSI at 68.69 is Neutral, neither overbought nor oversold. The STOCH value of 95.86 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ENS.
EnerSys Risk Analysis
EnerSys disclosed 39 risk factors in its most recent earnings report. EnerSys reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
EnerSys Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | $8.41B | 23.32 | 30.64% | 0.32% | 9.08% | 19.86% | |
78 Outperform | $7.04B | 15.10 | 16.61% | 0.67% | 6.17% | 20.86% | |
68 Neutral | $1.28B | -100.04 | 135.79% | 6.02% | 2.28% | 534.60% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
52 Neutral | $1.32B | -10.09 | -0.23% | ― | 45.98% | 44.14% | |
50 Neutral | $3.82B | -1.40 | -110.00% | ― | 2.53% | -2.83% | |
46 Neutral | $1.91B | -3.08 | 73.98% | ― | 324.10% | -214.91% |
* Industrials Sector Average
ENS
EnerSys
191.01
109.01
132.95%
ENR
Energizer Holdings
18.76
-6.56
-25.90%
PLUG
Plug Power
2.74
1.68
158.49%
POWL
Powell Industries
230.94
173.84
304.43%
EOSE
Eos Energy Enterprises
5.62
1.40
33.18%
ENVX
Enovix
6.09
0.08
1.33%
EnerSys Corporate Events
Business Operations and Strategy
EnerSys Restructures Operations, Shifts Production to Missouri
Negative
Mar 25, 2026
On March 25, 2026, EnerSys announced a strategic restructuring of its manufacturing footprint, closing its legacy lead‑acid battery plant in Tijuana, Mexico and shifting most of that output to its advanced Thin Plate Pure Lead facility in Sp...
Business Operations and StrategyStock BuybackDividendsFinancial Disclosures
EnerSys posts fiscal Q3 results amid mixed demand
Positive
Feb 4, 2026
On February 4, 2026, EnerSys reported its third-quarter fiscal 2026 results for the period ended December 28, 2025, posting net sales of $919.1 million, up 1.4% year on year and at the low end of guidance, with growth driven by higher pricing and ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.