Energizer Holdings Inc. Common Stock (ENR)

FairStock Score: 58/100 — STEADY

Key Financials

Strengths

• Generates $176 million in annual free cash flow (12.8% yield on market cap)
• High return on equity of 151.3% demonstrating efficient capital deployment
• Attractive 6.0% dividend yield providing steady income returns

Concerns

• Trades significantly above Graham Number ($12) with negative 71% margin of safety—limited downside protection
• High leverage at 24.24x debt-to-equity increases financial risk and interest expense burden
• Currently unprofitable—sustained losses could lead to dilutive capital raises or balance sheet deterioration
• Weak Piotroski F-Score of 3/9 suggests deteriorating financial quality across multiple dimensions

AI Analysis

Energizer Holdings Inc. Common Stock is a micro-cap industrials company valued at $1.4 billion. Revenue stands at $3.0 billion, though the company is currently unprofitable. From a quality standpoint, Energizer shows weak Piotroski F-Score of 3/9 signaling deteriorating fundamentals and distressed Altman Z-Score of 0.6 warrants caution. On valuation, the stock is deeply undervalued on a P/E basis at 6.7x, with trades above its Graham Number with a negative 71% margin. Growth dynamics show revenue growing at 6.5% and profit growth of -115.3%. The 6.0% dividend yield adds an income component for patient holders. Our composite FairStock Score of 58/100 reflects mixed fundamentals overall. Without profitability, this remains speculative—suitable only for those with high risk tolerance and a long time horizon.

Bull Case

The market underappreciates Energizer's consistent 151% ROE at just 7x earnings—a re-rating toward sector peers could unlock 30-50% upside. With $176 million in annual free cash flow (12.8% yield), management has ample capital for buybacks, dividends, or accretive acquisitions.

Bear Case

Without a clear path to profitability, continued cash burn forces either dilutive equity raises or debt accumulation that destroys shareholder value. Regulatory changes, input cost inflation, or demand normalization represent underappreciated risks that could materially impact forward estimates.

Data from SEC filings. AI analysis is for educational purposes only — not investment advice. Scoring methodology · Disclaimer