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Spectrum Brands Holdings
(NYSE:SPB)
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Rating:70Outperform
Price Target:
$99.00
▲(11.47% Upside)
Action:Reiterated
Date:08/10/26
SPB scores 70 primarily on improved financial stability and cash generation (including sharply reduced leverage) and a constructive technical uptrend. The main offsets are a relatively high P/E valuation and earnings-call risks tied to one-time items and near-term demand uncertainty (especially in Home & Personal Care and Q4 seasonal dynamics).
Positive Factors
De-risked Balance Sheet
A materially lower debt load and a debt-to-equity near 0.06 provide durable financial flexibility. This reduces refinancing risk, supports capital allocation (buybacks, M&A, capex) during cycles, and cushions the business against demand shocks over the next several quarters.
Negative Factors
Inconsistent Revenue Growth
Patchy top-line performance suggests structural demand or competitive challenges in parts of the portfolio. Without durable organic revenue growth, margin and return improvements may be constrained and rely on mix, pricing, or nonrecurring items for progress.
Read all positive and negative factors
Positive Factors
Negative Factors
De-risked Balance Sheet
A materially lower debt load and a debt-to-equity near 0.06 provide durable financial flexibility. This reduces refinancing risk, supports capital allocation (buybacks, M&A, capex) during cycles, and cushions the business against demand shocks over the next several quarters.
Read all positive factors
Spectrum Brands Holdings (SPB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.09B
Dividend Yield2.14%
Average Volume (3M)363.05K
Price to Earnings (P/E)26.4
Beta (1Y)0.89
Revenue Growth0.82%
EPS Growth23.29%
CountryUS
Employees3,000
SectorConsumer Defensive
Sector Strength42
IndustryHousehold & Personal Products
Share Statistics
EPS (TTM)3.33
Shares Outstanding22,995,596
10 Day Avg. Volume314,752
30 Day Avg. Volume363,048
Financial Highlights & Ratios
PEG Ratio-2.32
Price to Book (P/B)0.71
Price to Sales (P/S)0.48
P/FCF Ratio8.14
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$97.60Price Target Upside9.90% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
EPS Forecast (FY)5.26
Revenue Forecast (FY)$2.85B
Spectrum Brands Holdings Business Overview & Revenue Model
Company Description
Spectrum Brands Holdings, Inc. is a worldwide enterprise specializing in a diverse array of consumer brands. Its business is structured across three key segments. The Home and Personal Care division encompasses kitchen and household appliances, fe...
How the Company Makes Money
Spectrum Brands makes money primarily by selling branded consumer products to retail and e-commerce customers (and, in some cases, distributors) across its operating segments. Revenue is generally generated on a wholesale basis: SPB manufactures a...
Spectrum Brands Holdings Earnings Call Summary
Earnings Call Date:Aug 07, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Nov 13, 2026
Earnings Call Sentiment Positive
The call presents a largely constructive operational and financial update: strong top-line growth (7.7% Q3), a record Home & Garden quarter (+19%), broad adjusted EBITDA improvement (excluding tariff refunds) and meaningful balance sheet strength (cash ~$259M and net leverage ~1x). Progress on ERP deployment, high fill rates and active share repurchases further reinforce execution. Counterbalancing these positives are material one-time items (tariff refunds and an HPC impairment) that complicate comparisons, a drop in GAAP operating income and adjusted EPS when excluding tariff benefits, ongoing tariff/inflation uncertainty, and near-term demand risks (weather-driven variability and retailer inventory builds) that may pressure Q4, particularly in Home & Garden and Home & Personal Care. Overall, the favorable operating momentum, margin expansion excluding one-time items, strong liquidity and strategic progress outweigh the transitory and business-specific headwinds.Positive Updates
Quarterly Revenue Growth
Net sales increased 7.7% year-over-year in Q3; organic net sales (ex-FX) increased 6.6%.
Negative Updates
Operating Income and GAAP Earnings Decline
Operating income was $15.9 million, down $15.4 million year-over-year; GAAP net income and diluted EPS also decreased (driven by lower operating income and higher tax expense).
Read all updates
Q3-2026 Updates
Positive
Negative
Quarterly Revenue Growth
Net sales increased 7.7% year-over-year in Q3; organic net sales (ex-FX) increased 6.6%.
Read all positive updates
Company Guidance
Spectrum updated fiscal 2026 guidance: net sales are expected to be flat to up low single digits year‑over‑year (driven by Global Pet Care and Home & Garden offsetting a decline in Home & Personal Care); excluding tariff refunds, adjusted EBITDA is now expected to grow mid‑single digits and adjusted free cash flow is expected to be roughly 50% of adjusted EBITDA; depreciation & amortization is guided to $115–125M (including stock‑based compensation of ~$20–25M); cash payments for restructuring/strategic transaction costs $25–35M; capital expenditures $50–60M; cash taxes $40–50M; an effective tax rate of 32.8% is being used for adjusted EPS; management expects tariffs and inflation to be largely mitigated through pricing and other actions, but cautions Q4 may moderate due to tougher Global Pet Care comps and late‑season Home & Garden weather; tariff refunds recognized as one‑time in Q3 were largely booked and most related cash collections are expected within the fiscal year (with full collection by calendar year end).Spectrum Brands Holdings Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
78
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.87B | 2.81B | 2.96B | 2.92B | 3.13B | 3.00B |
| Gross Profit | 1.14B | 1.03B | 1.11B | 924.80M | 990.50M | 1.04B |
| EBITDA | 315.30M | 215.20M | 284.90M | -72.00M | 104.00M | 253.40M |
| Net Income | 79.70M | 99.90M | 124.80M | 1.80B | 71.60M | 189.60M |
Balance Sheet | ||||||
| Total Assets | 3.58B | 3.38B | 3.84B | 5.26B | 5.78B | 5.34B |
| Cash, Cash Equivalents and Short-Term Investments | 258.90M | 123.60M | 368.90M | 1.86B | 243.70M | 187.90M |
| Total Debt | 112.40M | 654.20M | 647.80M | 1.65B | 3.21B | 2.56B |
| Total Liabilities | 1.67B | 1.47B | 1.70B | 2.74B | 4.51B | 3.86B |
| Stockholders Equity | 1.85B | 1.91B | 2.14B | 2.52B | 1.26B | 1.47B |
Cash Flow | ||||||
| Free Cash Flow | 291.60M | 165.80M | 118.60M | -468.70M | -117.80M | 244.80M |
| Operating Cash Flow | 332.00M | 204.10M | 162.60M | -409.70M | -53.80M | 288.40M |
| Investing Cash Flow | -39.70M | -37.70M | 1.02B | 3.18B | -359.80M | -423.50M |
| Financing Cash Flow | -154.00M | -401.20M | -1.58B | -2.26B | 487.60M | -209.90M |
Spectrum Brands Holdings Technical Analysis
Neutral
88.81
Price Trends
85.37
Positive
81.95
Positive
72.89
Positive
Market Momentum
1.16
Positive
50.63
Neutral
20.24
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SPB, the sentiment is Neutral. The current price of 88.81 is above the 20-day moving average (MA) of 88.73, above the 50-day MA of 85.37, and above the 200-day MA of 72.89, indicating a neutral trend. The MACD of 1.16 indicates Positive momentum. The RSI at 50.63 is Neutral, neither overbought nor oversold. The STOCH value of 20.24 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SPB.
Spectrum Brands Holdings Risk Analysis
Spectrum Brands Holdings disclosed 1 risk factors in its most recent earnings report. Spectrum Brands Holdings 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
Spectrum Brands Holdings Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | $2.09B | 26.39 | 5.44% | 2.12% | 0.82% | 23.29% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
58 Neutral | $1.31B | -14.00 | -5.14% | 2.17% | -7.00% | -246.78% | |
56 Neutral | $2.48B | -4.61 | -15.12% | ― | -3.57% | -32.30% | |
54 Neutral | $693.40M | -1.62 | -48.24% | ― | -2.08% | -23.88% | |
54 Neutral | $2.56B | -11.17 | -8.95% | 5.51% | -2.04% | 9.26% | |
51 Neutral | $266.54M | -1.16 | -29.42% | 4.72% | -14.17% | ― |
* Consumer Defensive Sector Average
SPB
Spectrum Brands Holdings
87.88
32.13
57.63%
HELE
Helen Of Troy
29.21
6.03
26.01%
NWL
Newell Brands
5.90
1.29
27.95%
NUS
Nu Skin
5.15
-5.69
-52.50%
COTY
Coty
2.85
-2.00
-41.24%
EPC
Edgewell Personal Care
27.99
6.12
27.99%
Spectrum Brands Holdings Corporate Events
Executive/Board ChangesShareholder Meetings
Spectrum Brands Holders Back Board and Governance at Meeting
Positive
Aug 5, 2026
Spectrum Brands Holdings, Inc. reported the results of its 2026 Annual Meeting of Stockholders, held on August 5, 2026, where 21,072,048 shares, representing 91.63% of outstanding common stock as of the June 12, 2026 record date, were represented ...
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.