ENR Stock Analysis: Energizer Holdings | NYSE

Batteries, Auto Care, Lighting, Chemicals

Total Rating 46

Safety 73

Buy Signal -0.29

Electrical Equipment & Parts
Industry Rotation: +18.0

Market Cap: 1.51B
Avg Turnover: 19.5M

Risk 3d forecast

Volatility39.1%

VaR 5^th Pctl6.40%

VaR vs Median-0.66%

Reward TTM

Sharpe Ratio-0.02

Rel. Str. IBD57.7

Rel. Str. Peer Group79.2

Character TTM

Beta0.804

Beta Downside0.839

Hurst Exponent0.604

Drawdowns 3y

Max DD56.12%

CAGR/Max DD-0.11

CAGR/Mean DD-0.22

EPS (Earnings per Share)

EPS CAGR: 2.82%
EPS Trend: 38.1%

Last SUE: -0.48
Qual. Beats: 0

Revenue

Rev. CAGR: 1.02%
Rev. Trend: 64.5%

Last SUE: 0.54
Qual. Beats: 0

Warnings

High Debt/EBITDA With Thin Interest Coverage

Tailwinds

No distinct edge detected

Seasonality 11.3 years of data

Jan +3.0% 25

Feb -4.7% 31

Mar -1.9% 17

Apr +2.4% 0

May -1.4% 14

Jun -0.3% 5

Jul +2.4% 11

Aug -1.8% 26

Sep -3.3% 46

Oct -0.1% 8

Nov +4.9% 28

Dec +1.3% 38

How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.

Description: ENR Energizer Holdings

Energizer Holdings, Inc. (NYSE: ENR) is a U.S.-based consumer products company that manufactures, markets, and distributes household and specialty batteries, lighting products, and a portfolio of auto-care and performance chemical products. Its battery brands include Energizer, Eveready, Rayovac, and Varta, while its automotive and chemical brands span Armor All, STP, Nu Finish, A/C PRO, LEXOL, and others. The company also sells flashlights and area lighting under brands such as Hard Case and WeatherReady, and licenses its brand portfolio for use in adjacent categories like solar, portable power, generators, and household light bulbs. Products are sold globally through a mix of direct sales, distributors, wholesalers, and a broad retail footprint that includes mass merchandisers, warehouse clubs, grocery/drug/convenience chains, electronics and hardware stores, e-commerce, and military outlets.

The company is classified within the GICS Consumer Staples sector and Household Products sub-industry, a mature, typically defensive category characterized by stable end demand, heavy reliance on retail distribution, and brand-led competition. Energizers business model combines owned manufacturing of core battery and lighting products with a sizable brand-licensing stream, which is capital-light and helps monetize the brand portfolio across categories the company does not directly produce, such as solar, generators, and power tools.

Headlines to Watch Out For

Battery pricing power against private label competition
Auto care segment margins face raw material cost pressure
Debt reduction and capital allocation priorities after recent refinancings

Piotroski VR-10 (Strict) 3.5

Net Income: 81.5m TTM > 0 and > 6% of Revenue
FCF/TA: 0.03 > 0.02 and ΔFCF/TA -0.13 > 1.0
NWC/Revenue: 27.69% < 20% (prev 24.55%; Δ 3.14% < -1%)
CFO/TA 0.05 > 3% & CFO 217.5m > Net Income 81.5m
Net Debt (3.35b) to EBITDA (405.4m): 8.27 < 3
Current Ratio: 2.07 > 1.5 & < 3
Outstanding Shares: last quarter (69.2m) vs 12m ago -4.02% < -2%
Gross Margin: 36.81% > 18% (prev 42.22%; Δ -5.40% > 0.5%)
Asset Turnover: 66.56% > 50% (prev 64.78%; Δ 1.77% > 0%)
Interest Coverage Ratio: 1.71 > 6 (EBIT TTM 280.7m / Interest Expense TTM 164.1m)

Altman Z'' 1.73

A: 0.19 (Total Current Assets 1.60b - Total Current Liabilities 772.2m) / Total Assets 4.47b
B: 0.01 (Retained Earnings 66.5m / Total Assets 4.47b)
C: 0.06 (EBIT TTM 280.7m / Avg Total Assets 4.49b)
D: 0.05 (Book Value of Equity 203.2m / Total Liabilities 4.26b)
Altman-Z'' = 1.73 = BBB

Beneish M -2.76

DSRI: 1.13 (Receivables 517.4m/447.6m, Revenue 2.99b/2.93b)
GMI: 1.15 (GM 42.22% / 36.81%)
AQI: 1.02 (AQ_t 0.54 / AQ_t-1 0.53)
SGI: 1.02 (Revenue 2.99b / 2.93b)
TATA: -0.03 (NI 81.5m - CFO 217.5m) / TA 4.47b)
Beneish M = -2.76 (Cap -4..+1) = A

What is the price of ENR shares?

As of September 30, 2026, the stock is trading at USD 21.82 with a total of 717,981 shares traded. Over the past week, the price has changed by -2.37%, over one month by +0.18%, over three months by +2.06% and over the past year by -6.71%.

Current recommended Stop Loss: 20.80 (which is 4.7% or 1.3 ATR below the current price).

Is ENR a buy, sell or hold?

Energizer Holdings has received a consensus analysts rating of 3.50. Therefore, it is recommended to hold ENR.

StrongBuy: 2
Buy: 0
Hold: 6
Sell: 0
StrongSell: 0

What are the forecasts/targets for the ENR price?

Analysts Target Price	22.3	2.3%

Energizer Holdings (ENR) - Fundamental Data Overview as of 27 September 2026

Market Cap USD = 1.51b (1.51b USD * 1.0 USD.USD)
P/E Trailing = 18.4874
P/E Forward = 6.4599
P/S = 0.504
P/B = 7.5325
P/EG = 1.3488
Revenue TTM = 2.99b USD
EBIT TTM = 280.7m USD
EBITDA TTM = 405.4m USD
Long Term Debt = 3.29b USD (from longTermDebt, last quarter)
Short Term Debt = 53.3m USD (from shortTermDebt, last quarter)
Debt = 3.53b USD (from shortLongTermDebtTotal, last quarter) + Leases 97.0m
Net Debt = 3.35b USD (calculated: Debt 3.53b - CCE 173.4m)
Enterprise Value = 4.86b USD (1.51b + Debt 3.53b - CCE 173.4m)
Interest Coverage Ratio = 1.71 (Ebit TTM 280.7m / Interest Expense TTM 164.1m)
EV/FCF = 32.28x (Enterprise Value 4.86b / FCF TTM 150.6m)
FCF Yield = 3.10% (FCF TTM 150.6m / Enterprise Value 4.86b)
FCF Margin = 5.04% (FCF TTM 150.6m / Revenue TTM 2.99b)
Net Margin = 2.73% (Net Income TTM 81.5m / Revenue TTM 2.99b)
Gross Margin = 36.81% ((Revenue TTM 2.99b - Cost of Revenue TTM 1.89b) / Revenue TTM)
Gross Margin QoQ = 38.22% (prev 40.23%)
Tobins Q-Ratio = 1.09 (Enterprise Value 4.86b / Total Assets 4.47b)
Interest Expense / Debt = 4.65% (Interest Expense 164.1m / Debt 3.53b)
Taxrate = 32.14% (38.6m / 120.1m)
NOPAT = 190.5m (EBIT 280.7m * (1 - 32.14%))
Current Ratio = 2.07 (Total Current Assets 1.60b / Total Current Liabilities 772.2m)
Debt / Equity = 17.36 (Debt 3.53b / totalStockholderEquity, last quarter 203.2m)
Debt / EBITDA = 8.27 (Net Debt 3.35b / EBITDA 405.4m)
Debt / FCF = 22.27 (Net Debt 3.35b / FCF TTM 150.6m)
Total Stockholder Equity = 171.9m (last 4 quarters mean from totalStockholderEquity)
RoA = 1.81% (Net Income 81.5m / Total Assets 4.47b)
RoE = 47.41% (Net Income TTM 81.5m / Total Stockholder Equity 171.9m)
RoCE = 8.10% (EBIT 280.7m / Capital Employed (Equity 171.9m + L.T.Debt 3.29b))
RoIC = 5.29% (NOPAT 190.5m / Invested Capital 3.60b)
WACC = 4.85% (E(1.51b)/V(5.03b) * Re(8.81%) + D(3.53b)/V(5.03b) * Rd(4.65%) * (1-Tc(0.32)))
Discount Rate = 8.81% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -79.91 | Cagr: -2.11%
[DCF] Terminal Value 74.78% ; FCFF base≈153.6m ; Y1≈148.2m ; Y5≈144.9m
[DCF] Fair Price = N/A (negative equity: EV 2.27b - Net Debt 3.35b = -1.08b; debt exceeds intrinsic value)
EPS Correlation: 38.09 | EPS CAGR: 2.82% | SUE: -0.48 | # QB: 0
Revenue Correlation: 64.49 | Revenue CAGR: 1.02% | SUE: 0.54 | # QB: 0
EPS current Quarter (2026-12-31): EPS=0.60 | Chg30d=-4.86% | Revisions=+0% | Analysts=4
EPS current Year (2026-09-30): EPS=3.30 | Chg30d=-5.86% | Revisions=-62% | GrowthEPS=-6.3% | GrowthRev=+0.4%
EPS next Year (2027-09-30): EPS=3.38 | Chg30d=-7.43% | Revisions=-38% | GrowthEPS=+2.5% | GrowthRev=-0.1%
[Analyst] Revisions Ratio: -47% (up=3, down=11)