Want to see ENR full AI Analyst Report?
Top Page
Energizer Holdings
(NYSE:ENR)
Select Model
Select Model
Rating:64Neutral
Price Target:
$22.50
▲(7.35% Upside)
Action:Reiterated
Date:08/04/26
ENR scores as a moderate opportunity: attractive valuation (low P/E and high dividend yield) and a generally constructive technical trend are positives. The main limiter is financial risk—extreme leverage and a thin equity base—combined with historically uneven earnings/cash-flow stability. The latest earnings call adds a balanced signal: softer near-term growth guidance, but improving margin trajectory and continued focus on free cash flow and debt reduction.
Positive Factors
Brand strength and share gains
Category outperformance, share gains and broader distribution indicate durable brand relevance and retailer acceptance. These advantages can support recurring battery demand and improve shelf presence even when overall category growth is limited.
Negative Factors
Extreme leverage
The highly leveraged capital structure leaves little equity cushion if demand, margins or cash flow weaken. Large debt obligations can constrain investment and increase refinancing sensitivity, making balance-sheet repair a central long-term risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Brand strength and share gains
Category outperformance, share gains and broader distribution indicate durable brand relevance and retailer acceptance. These advantages can support recurring battery demand and improve shelf presence even when overall category growth is limited.
Read all positive factors
Energizer Holdings Key Performance Indicators (KPIs)
Any
Operating Income by Segment
Shows operating profit for each business segment, revealing which parts of Energizer are most profitable and how segment margins contribute to overall earnings. Exposes the effects of raw-material costs, pricing power, and cost control, helping assess if revenue growth converts into sustainable profit or if margins are eroding.
Shows operating profit for each business segment, revealing which parts of Energizer are most profitable and how segment margins contribute to overall earnings. Exposes the effects of raw-material costs, pricing power, and cost control, helping assess if revenue growth converts into sustainable profit or if margins are eroding.
Data provided by:
The Fly
The FlyEnergizer Holdings (ENR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.53B
Dividend Yield5.37%
Average Volume (3M)1.01M
Price to Earnings (P/E)18.9
Beta (1Y)0.87
Revenue Growth2.17%
EPS Growth-66.19%
CountryUS
Employees6,050
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)1.19
Shares Outstanding68,483,635
10 Day Avg. Volume1,066,519
30 Day Avg. Volume1,006,331
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)10.39
Price to Sales (P/S)0.60
P/FCF Ratio27.92
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$20.60Price Target Upside-1.72% Downside
Rating ConsensusHold
Number of Analyst Covering6
EPS Forecast (FY)3.3
Revenue Forecast (FY)$2.96B
Energizer Holdings Business Overview & Revenue Model
Company Description
Energizer Holdings, Inc. is a global enterprise dedicated to the production, marketing, and distribution of a comprehensive range of batteries and lighting solutions. Their diverse battery portfolio includes lithium, alkaline, carbon zinc, nickel ...
How the Company Makes Money
Energizer primarily makes money by manufacturing, marketing, and selling consumer batteries and portable lighting products to retailers and distributors around the world. Its core revenue stream is the sale of batteries, which are purchased repeat...
Energizer Holdings Earnings Call Summary
Earnings Call Date:Aug 04, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Nov 17, 2026
Earnings Call Sentiment Positive
The call communicated a mix of short-term demand challenges and competitive category softness (200–300 bps) that led to a lowered back-half revenue outlook (from ~4% to flat–+1%), but emphasized strong execution: significant gross margin recovery (+430 bps YTD), expected low-40s Q4 gross margin, ~25% adjusted EPS growth in Q4 at the midpoint, US volume (+5%) and value (+1.8%) gains, distribution and innovation progress, tariff recoveries and material free cash flow improvements driven by Project Momentum completion and lower run-rate CapEx (~1% of sales). While top-line pacing and promotional dynamics are notable near-term headwinds, the company presented credible margin, cash flow and strategic levers that support the outlook and balance sheet repair.Positive Updates
Organic Growth in Core Segments
Delivered organic growth across Batteries & Lights and Auto Care in Q3, with Energizer outperforming the overall battery category and gaining global volume and value share.
Negative Updates
Downward Guidance Revision for Back Half
Management lowered its back-half organic growth outlook from an earlier expectation of about 4% to roughly flat to up 1%, citing softer-than-expected consumer demand in the battery category.
Read all updates
Q3-2026 Updates
Positive
Negative
Organic Growth in Core Segments
Delivered organic growth across Batteries & Lights and Auto Care in Q3, with Energizer outperforming the overall battery category and gaining global volume and value share.
Read all positive updates
Company Guidance
Energizer narrowed its outlook, saying the back half of fiscal 2026 is now expected to be roughly flat to +1% organic growth (vs. the ~4% back‑half expectation in May) due to a battery category slowdown of roughly 200–300 basis points; despite that, Q3 delivered organic growth in both Batteries & Lights and Auto Care, U.S. value grew 1.8% and U.S. volume grew 5% while the company continued to gain share and expand distribution. Management highlighted gross margin improvement of more than 430 basis points since Q1 and expects Q4 gross margin north of 40% (low‑40s clean number), roughly 25% adjusted EPS growth at the Q4 midpoint, and pricing neutral to slightly positive in Q4. They also reiterated strong free cash flow and meaningful debt reduction expectations, completion of Project Momentum this year (reducing related cash costs), a run‑rate CapEx reduction target of ~1% of net sales (~$30M), and IEEPA tariff recoveries with ~$11M collected to date and ~$53M remaining to support cash generation.Energizer Holdings Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
23
Negative
Cash Flow
51
Neutral
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.99B | 2.95B | 2.89B | 2.96B | 3.05B | 3.02B |
| Gross Profit | 1.10B | 1.23B | 1.10B | 1.12B | 1.12B | 1.16B |
| EBITDA | 405.40M | 565.10M | 330.00M | 467.10M | -25.50M | 434.50M |
| Net Income | 81.50M | 239.00M | 38.10M | 140.50M | -231.50M | 160.90M |
Balance Sheet | ||||||
| Total Assets | 4.47B | 4.56B | 4.34B | 4.51B | 4.57B | 5.01B |
| Cash, Cash Equivalents and Short-Term Investments | 173.40M | 236.20M | 216.90M | 223.30M | 205.30M | 238.90M |
| Total Debt | 3.43B | 3.53B | 3.31B | 3.45B | 3.62B | 3.57B |
| Total Liabilities | 4.26B | 4.39B | 4.21B | 4.30B | 4.44B | 4.65B |
| Stockholders Equity | 203.20M | 169.90M | 135.80M | 210.70M | 130.60M | 355.70M |
Cash Flow | ||||||
| Free Cash Flow | 150.60M | 63.20M | 331.70M | 338.40M | -91.50M | 114.80M |
| Operating Cash Flow | 217.50M | 147.10M | 429.60M | 395.20M | 1.00M | 179.70M |
| Investing Cash Flow | -67.30M | -98.20M | -114.00M | -56.10M | -90.90M | -126.40M |
| Financing Cash Flow | -146.80M | -29.10M | -300.30M | -309.40M | 79.10M | -1.07B |
Energizer Holdings Technical Analysis
Positive
20.96
Price Trends
21.17
Positive
19.60
Positive
19.73
Positive
Market Momentum
0.50
Negative
56.76
Neutral
72.11
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ENR, the sentiment is Positive. The current price of 20.96 is below the 20-day moving average (MA) of 21.75, below the 50-day MA of 21.17, and above the 200-day MA of 19.73, indicating a bullish trend. The MACD of 0.50 indicates Negative momentum. The RSI at 56.76 is Neutral, neither overbought nor oversold. The STOCH value of 72.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ENR.
Energizer Holdings Risk Analysis
Energizer Holdings disclosed 37 risk factors in its most recent earnings report. Energizer Holdings reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Energizer Holdings Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $7.30B | 20.81 | 18.48% | 0.55% | 3.73% | 7.60% | |
64 Neutral | $1.53B | 18.93 | 47.41% | 5.73% | 2.17% | -66.19% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
56 Neutral | $3.16B | -19.36 | -12.14% | 1.72% | 1.63% | -253.37% | |
51 Neutral | $310.47M | 4.87 | 11.54% | ― | -13.03% | ― | |
50 Neutral | $1.69B | -39.83 | -34.75% | ― | 143.61% | 13.94% | |
36 Underperform | $788.92M | -4.49 | -66.93% | ― | 34.88% | -18.59% |
* Industrials Sector Average
ENR
Energizer Holdings
21.72
-4.81
-18.13%
ENS
EnerSys
193.95
97.01
100.07%
ATKR
Atkore International Group
93.43
37.76
67.84%
MVST
Microvast Holdings
0.80
-1.86
-69.92%
ENVX
Enovix
3.40
-6.69
-66.30%
AMPX
Amprius Technologies Inc
10.63
3.89
57.72%
Energizer Holdings Corporate Events
Business Operations and StrategyFinancial Disclosures
Energizer Holdings Posts Modest Q3 Growth Amid Margin Pressure
Negative
Aug 4, 2026
Energizer Holdings reported its fiscal 2026 third-quarter results on August 4, 2026, for the period ended June 30, 2026, posting net sales of $734.1 million, up 1.2% year on year and reflecting 2.7% organic growth. Earnings per share were $0.58, w...
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.