Spectrum Brands Holdings (SPB)
NYSE:SPB
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Spectrum Brands Holdings
(NYSE:SPB)
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Rating:68Neutral
Price Target:
$93.00
▲(9.79% Upside)
Action:ReiteratedDate:02/06/26
The score is driven primarily by stronger balance-sheet positioning and robust TTM cash generation, partially offset by sharp TTM revenue decline and margin compression. Technically, the uptrend supports the stock but overbought signals raise near-term risk. Valuation is reasonable but not a clear bargain, and the latest earnings call reiterated guidance while highlighting near-term headwinds and dependence on back-half improvement.
Positive Factors
Conservative balance sheet
Spectrum’s current capital structure is materially stronger than earlier years, with minimal leverage and a large equity base. This provides durable financial flexibility to fund operations, buybacks, and restructuring, lowering bankruptcy and refinancing risk over the medium term.
Negative Factors
Revenue decline & margin compression
Sustained top-line contraction and lower operating margins reduce internal funding for marketing and innovation, increase reliance on cost cuts and balance-sheet actions, and can erode competitive positions if prolonged across multiple quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Spectrum’s current capital structure is materially stronger than earlier years, with minimal leverage and a large equity base. This provides durable financial flexibility to fund operations, buybacks, and restructuring, lowering bankruptcy and refinancing risk over the medium term.
Read all positive factors
Spectrum Brands Holdings (SPB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.84B
Dividend Yield3.15%
Average Volume (3M)335.53K
Price to Earnings (P/E)12.4
Beta (1Y)0.99
Revenue Growth-5.21%
EPS Growth1.96%
CountryUS
Employees3,100
SectorConsumer Defensive
Sector Strength42
IndustryHousehold & Personal Products
Share Statistics
EPS (TTM)1.40
Shares Outstanding23,198,788
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 Cap1.42
Enterprise Value/Revenue0.94
Enterprise Value/Gross Profit2.56
Enterprise Value/Ebitda12.97
Forecast
1Y Price Target
$86.00Price Target Upside1.52% Upside
Rating ConsensusStrong 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:Feb 05, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:May 01, 2026
Earnings Call Sentiment Neutral
The call presented balanced results: bright spots include Global Pet Care returning to growth, strong liquidity, continued share repurchases, and reiterated fiscal framework. Offsetting these positives are notable year-over-year declines in consolidated net sales and adjusted EBITDA, significant weakness in Home & Garden this quarter, and continued softness in Home & Personal Care with tariff-related headwinds. Management expressed confidence in recovery paths (especially for GPC and H&G later in the year) and maintained disciplined financial priorities, but near-term volatility and FY guidance dependence on back-half improvement temper the outlook.Positive Updates
Global Pet Care Returned to Growth
Reported net sales for Global Pet Care (GPC) increased 8.3% (ex-FX) with organic net sales up 5.8%. Companion animal sales grew high single digits and aquatics increased low double digits. GPC adjusted EBITDA was $49.0 million, and the business showed market share gains across key brands (Good & Fun, Dream Bone, Nature's Miracle, Furminator).
Negative Updates
Consolidated Net Sales and Organic Decline
Continuing operations net sales decreased 3.3% (excluding $18.5 million favorable FX); organic net sales declined 6% year-over-year, driven by demand softness in Home & Personal Care and prior-year seasonal inventory pull-forward in Home & Garden.
Read all updates
Q1-2026 Updates
Positive
Negative
Global Pet Care Returned to Growth
Reported net sales for Global Pet Care (GPC) increased 8.3% (ex-FX) with organic net sales up 5.8%. Companion animal sales grew high single digits and aquatics increased low double digits. GPC adjusted EBITDA was $49.0 million, and the business showed market share gains across key brands (Good & Fun, Dream Bone, Nature's Miracle, Furminator).
Read all positive updates
Company Guidance
Spectrum reiterated its fiscal 2026 framework: full‑year net sales flat to up single digits and adjusted EBITDA up low single digits, with adjusted free cash flow conversion of roughly 50% of adjusted EBITDA; Q1 adjusted EBITDA was $62.6M and adjusted diluted EPS was $1.40 (Q1 benefitted from a one‑time tax benefit), net sales in Q1 down 3.3% (organic down 6%); segment Q1 adjusted EBITDA: Global Pet Care $49M (17.4% margin), Home & Garden $4.5M (6.1% margin), Home & Personal Care $20.7M (6.4% margin); balance sheet/playbook metrics include quarter‑end cash $126.6M, $492.2M available on a $500M revolver, total debt ~$578.9M, net debt $452.3M and net leverage 1.65x; FY outlook items: depreciation & amortization $115–125M, stock‑based comp ~$20–25M, cash payments for restructuring/strategic transactions $25–35M, capital expenditures $50–60M, cash taxes $40–50M, and an effective tax rate of ~25%; management reiterated tariffs should be largely mitigated by pricing and other actions, expects Q2 to be challenging, Home & Garden growth to be back‑half weighted, Global Pet Care driving early growth, and Home & Personal Care to decline for the year.Spectrum Brands Holdings Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
78
Positive
Cash Flow
82
Very Positive
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.79B | 2.81B | 2.96B | 2.92B | 3.13B | 3.00B |
| Gross Profit | 1.02B | 1.03B | 1.11B | 924.80M | 990.50M | 1.04B |
| EBITDA | 201.20M | 215.20M | 284.90M | -72.00M | 104.00M | 253.40M |
| Net Income | 104.80M | 99.90M | 124.80M | 1.80B | 71.60M | 189.60M |
Balance Sheet | ||||||
| Total Assets | 3.42B | 3.38B | 3.84B | 5.26B | 5.78B | 5.34B |
| Cash, Cash Equivalents and Short-Term Investments | 126.60M | 123.60M | 368.90M | 1.86B | 243.70M | 187.90M |
| Total Debt | 809.10M | 654.20M | 647.80M | 1.68B | 3.21B | 2.56B |
| Total Liabilities | 1.52B | 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 | 302.90M | 165.80M | 118.60M | -468.70M | -117.80M | 244.80M |
| Operating Cash Flow | 343.40M | 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 | -361.50M | -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 |
|---|---|---|---|---|---|---|---|
68 Neutral | $1.84B | 12.42 | 5.52% | 3.15% | -5.21% | 1.96% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
55 Neutral | $374.91M | 2.96 | 20.36% | 2.39% | -12.10% | ― | |
52 Neutral | $1.04B | -3.02 | -2.50% | 3.51% | -1.34% | -73.59% | |
50 Neutral | $2.02B | -5.46 | -14.49% | ― | -5.68% | -358.36% | |
49 Neutral | $1.72B | -5.46 | -10.89% | 7.76% | -5.88% | 90.23% | |
46 Neutral | $402.61M | -1.34 | -67.60% | ― | -5.64% | -577.74% |
* Consumer Defensive Sector Average
SPB
Spectrum Brands Holdings
85.41
26.79
45.71%
HELE
Helen Of Troy
19.78
-13.89
-41.25%
NWL
Newell Brands
4.37
-0.08
-1.69%
NUS
Nu Skin
7.82
2.42
44.73%
COTY
Coty
2.37
-2.45
-50.83%
EPC
Edgewell Personal Care
23.57
-6.02
-20.34%
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.