Energizer Holdings Inc. Common Stock (ENR)

FairStock Score: 58/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for businesses with durable brands, pricing power, and conservatively financed balance sheets. Energizer owns recognizable names - Energizer, Eveready, Rayovac, Varta, Armor All - and sells repeat-purchase batteries and car-care products. That can be a modest moat, but the filed numbers show a business treading water: revenue growth of 1.21% and profit growth of -74.01%, while fiscal Q3 2026, the quarter ended 2026-06-30, produced revenue of $734.1M, net income of $39.9M, and diluted EPS of $0.58. Earlier in fiscal 2026, the quarter ended 2025-12-31, lost $3.4M. The recovery is welcome, but it is not yet a durable trend. Financial quality is mixed. FairStock calculates ROE at 42.18%, yet ROCE is only 5.05%, which tells me leverage is flattering equity returns. The D/E figure is 16.88, and the Altman Z-Score of 0.68 suggests a stretched balance sheet. On the positive side, trailing free cash flow is $150.6M, a 10.1% FCF yield, and the dividend yield is 5.61%, so cash generation is real. Valuation is not Graham-like. At the 2026-10-13 close of $21.85, FairStock's Graham Number is $8.92, with a margin of safety of -144.96%; P/E is 18.36, P/B is 7.36, and EV/EBITDA is 11.79. The Lynch category is TURNAROUND - returned to profit after a loss within the last 3 years - but turnarounds need improving margins and debt control. FairStock score 58/100. I would need evidence that sales and returns on capital improve before calling this a bargain.

In plain English: Energizer sells batteries and car-care products under brands such as Energizer, Rayovac, Varta, and Armor All. The business generates solid cash and pays a high dividend, but sales are barely growing, profits have fallen sharply, and the balance sheet looks stretched. At the 2026-10-13 close of $21.85, the price looks expensive on asset value but more reasonable on cash flow.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q3 2026 10-Q (period ended 2026-06-30) · fiscal Q2 2026 10-Q (period ended 2026-03-31) · fiscal Q1 2026 10-Q (period ended 2025-12-31) · fiscal Q3 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-09-30) · FY2024 10-K (period ended 2024-09-30) · FY2023 10-K (period ended 2023-09-30)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer