Spectrum Brands Holdings (SPB)
NYSE:SPB
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Spectrum Brands Holdings
(NYSE:SPB)
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Rating:70Outperform
Price Target:
$90.00
▲(6.24% Upside)
Action:Reiterated
Date:05/09/26
SPB scores highest on improving financial quality and a positive earnings update, including raised EBITDA outlook, strong segment performance in Pet Care and Home & Garden, and a healthier balance sheet with solid TTM free cash flow. The score is moderated by historically volatile results and the ongoing HPC revenue weakness, while technicals are supportive but not strongly bullish and valuation appears reasonable with a solid dividend yield.
Positive Factors
Materially improved balance sheet
Leverage has declined sharply from multi-year highs, giving the company greater financial flexibility to fund operations, strategic moves, and buybacks. A stronger balance sheet reduces refinancing risk and supports durable investment in brands and restructuring over the next 2–6 months.
Negative Factors
Historically choppy revenue and earnings
Multi-year swings in revenue and episodic operating losses signal execution and demand sensitivity. This uneven track record raises the odds of renewed volatility if macro conditions or retail replenishment patterns shift, limiting predictability of near-term margins.
Read all positive and negative factors
Positive Factors
Negative Factors
Materially improved balance sheet
Leverage has declined sharply from multi-year highs, giving the company greater financial flexibility to fund operations, strategic moves, and buybacks. A stronger balance sheet reduces refinancing risk and supports durable investment in brands and restructuring over the next 2–6 months.
Read all positive factors
Spectrum Brands Holdings (SPB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.87B
Dividend Yield3.15%
Average Volume (3M)335.53K
Price to Earnings (P/E)19.0
Beta (1Y)1.02
Revenue Growth-3.76%
EPS Growth148.09%
CountryUS
Employees3,100
SectorConsumer Defensive
Sector Strength42
IndustryHousehold & Personal Products
Share Statistics
EPS (TTM)5.29
Shares Outstanding23,194,298
10 Day Avg. Volume282,300
30 Day Avg. Volume335,527
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 Cap1.33
Enterprise Value/Revenue0.88
Enterprise Value/Gross Profit2.40
Enterprise Value/Ebitda10.39
Forecast
1Y Price Target
$86.50Price Target Upside2.11% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering4
EPS Forecast (FY)5.3
Revenue Forecast (FY)$2.84B
Spectrum Brands Holdings Business Overview & Revenue Model
Company Description
Spectrum Brands Holdings, Inc. operates as a branded consumer products company worldwide. It operates through three segments: Home and Personal Care; Global Pet Care; and Home and Garden. The Home and Personal Care segment provides home appliances...
How the Company Makes Money
Spectrum Brands makes money primarily by manufacturing, sourcing, and selling branded consumer products to retail and e-commerce customers (and, in some cases, distributors) at a margin over its product and operating costs. Its revenue is generate...
Spectrum Brands Holdings Earnings Call Summary
Earnings Call Date:May 07, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Aug 07, 2026
Earnings Call Sentiment Positive
The call conveyed a predominantly positive operational and financial update: consolidated net sales and adjusted EBITDA grew, Global Pet Care and Home & Garden delivered strong double-digit top-line growth and margin expansion, inventory and ERP progress demonstrate operational discipline, and the Oaktree partnership creates a de-risked path for the underperforming HPC segment. Key negatives include marked revenue weakness in Home & Personal Care, ongoing tariff and inflation risks, and seasonality/timing impacts that inject uncertainty into the back half. On balance, the strong results and strategic actions (including the HPC partnership and a raised EBITDA outlook) outweigh the headwinds.Positive Updates
Return to Growth — Revenue and EBITDA
Reported net sales increased 4.9% year-over-year and adjusted EBITDA grew 17.8% year-over-year, marking a return to growth for the first time since Q1 2025. Company adjusted EBITDA for the quarter was $84.0M (increase of $12.7M) and adjusted diluted EPS was $1.25.
Negative Updates
Home & Personal Care (HPC) Revenue Weakness
HPC reported net sales declined 5.5% (organic net sales decreased 10.7% ex-FX). EMEA organic sales were down mid-teens and North America sales declined mid-teens (appliances). Reduced SKU assortment, customer inventory management and soft consumer demand weighed on volumes.
Read all updates
Q2-2026 Updates
Positive
Negative
Return to Growth — Revenue and EBITDA
Reported net sales increased 4.9% year-over-year and adjusted EBITDA grew 17.8% year-over-year, marking a return to growth for the first time since Q1 2025. Company adjusted EBITDA for the quarter was $84.0M (increase of $12.7M) and adjusted diluted EPS was $1.25.
Read all positive updates
Company Guidance
Spectrum Brands reaffirmed fiscal 2026 guidance with net sales expected to be flat to up low‑single digits versus prior year and adjusted EBITDA now raised to grow low‑ to mid‑single digits; adjusted free cash flow is expected to be roughly 50% of adjusted EBITDA. Company assumptions include tariffs and inflation largely offset by mitigation actions (pricing/productivity) and do not assume any tariff‑refund benefits. Other stated 2026 financial ranges: depreciation & amortization $115–$125M (including stock‑based compensation of ~$20–$25M), cash payments for restructuring/strategic transactions $25–$35M, capital expenditures $50–$60M, and cash taxes $40–$50M; an effective tax rate of ~25% is used for adjusted EPS (excluding the recently announced HPC partnership).Spectrum Brands Holdings Financial Statement Overview
Summary
Income Statement
67
Positive
Balance Sheet
71
Positive
Cash Flow
63
Positive
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.82B | 2.81B | 2.96B | 2.92B | 3.13B | 3.00B |
| Gross Profit | 1.04B | 1.03B | 1.11B | 924.80M | 990.50M | 1.04B |
| EBITDA | 239.70M | 215.20M | 284.90M | -72.00M | 104.00M | 253.40M |
| Net Income | 126.40M | 99.90M | 124.80M | 1.80B | 71.60M | 189.60M |
Balance Sheet | ||||||
| Total Assets | 3.47B | 3.38B | 3.84B | 5.26B | 5.78B | 5.34B |
| Cash, Cash Equivalents and Short-Term Investments | 125.10M | 123.60M | 368.90M | 1.86B | 243.70M | 187.90M |
| Total Debt | 725.50M | 654.20M | 647.80M | 1.68B | 3.21B | 2.56B |
| Total Liabilities | 1.57B | 1.47B | 1.70B | 2.74B | 4.51B | 3.86B |
| Stockholders Equity | 1.90B | 1.91B | 2.14B | 2.52B | 1.26B | 1.47B |
Cash Flow | ||||||
| Free Cash Flow | 289.90M | 165.80M | 118.60M | -468.70M | -117.80M | 244.80M |
| Operating Cash Flow | 330.50M | 204.10M | 162.60M | -409.70M | -53.80M | 288.40M |
| Investing Cash Flow | -39.90M | -37.70M | 1.02B | 3.18B | -359.80M | -423.50M |
| Financing Cash Flow | -264.20M | -401.20M | -1.58B | -2.26B | 487.60M | -209.90M |
Spectrum Brands Holdings Technical Analysis
Positive
84.71
Price Trends
76.34
Positive
68.68
Positive
61.31
Positive
Market Momentum
2.00
Negative
71.23
Negative
91.54
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SPB, the sentiment is Positive. The current price of 84.71 is above the 20-day moving average (MA) of 76.55, above the 50-day MA of 76.34, and above the 200-day MA of 61.31, indicating a bullish trend. The MACD of 2.00 indicates Negative momentum. The RSI at 71.23 is Negative, neither overbought nor oversold. The STOCH value of 91.54 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 | $1.87B | 18.99 | 5.52% | 3.15% | -3.76% | 148.09% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
55 Neutral | $557.49M | -1.83 | -94.52% | ― | -5.93% | -823.81% | |
54 Neutral | $318.01M | 47.78 | 6.84% | 2.39% | -14.17% | ― | |
52 Neutral | $2.01B | -1.08 | -15.12% | ― | -3.57% | -32.30% | |
49 Neutral | $887.99M | -23.40 | -5.14% | 3.51% | -5.30% | -196.78% | |
48 Neutral | $1.72B | -10.96 | -11.10% | 7.76% | -4.11% | -14.23% |
* Consumer Defensive Sector Average
SPB
Spectrum Brands Holdings
79.48
16.45
26.10%
HELE
Helen Of Troy
22.40
-7.68
-25.53%
NWL
Newell Brands
4.04
-1.53
-27.42%
NUS
Nu Skin
6.28
-0.86
-12.03%
COTY
Coty
2.20
-2.86
-56.52%
EPC
Edgewell Personal Care
18.22
-9.02
-33.10%
Spectrum Brands Holdings Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Spectrum Brands Announces Strategic Oaktree Investment in HPC Unit
Positive
May 4, 2026
On May 1, 2026, Spectrum Brands Holdings entered into a definitive agreement for a $127 million strategic investment from funds affiliated with Oaktree Capital Management into its Home and Personal Care business, structured as $67 million of conve...
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.