Ennis (EBF) AI Stock Analysis

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Ennis

(NYSE:EBF)

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Rating:78Outperform

Price Target:$26.00▲(24.16% Upside)

Action:reiterated

Date:09/29/26

EBF scores well primarily due to resilient financials—especially minimal leverage and solid profitability/cash generation—backed by reasonable valuation and a strong dividend profile. The main offsets are choppy revenue/margin trends and somewhat overextended technical momentum that could limit near-term upside.

Positive Factors

Minimal leverageEnnis’s exceptionally low leverage materially reduces financial risk and interest burden. A debt-light balance sheet provides flexibility to sustain operations, invest in facilities or acquisitions, and continue shareholder returns through weaker business conditions.

Negative Factors

Choppy revenue historyThe uneven annual revenue pattern indicates that demand has not followed a consistently expanding trajectory. Even with the recent rebound, recurring fluctuations can complicate capacity planning, reduce operating leverage, and make future earnings growth less predictable.

Ennis (EBF) vs. SPDR S&P 500 ETF (SPY)

Market Cap: $534.46M
Dividend Yield: 4.84%
Average Volume (3M): 164.67K
Price to Earnings (P/E): 13.6
Beta (1Y): 0.26
Revenue Growth: 2.27%
EPS Growth: -5.62%
Country: US
Employees: 1,835
Sector: Industrials
Sector Strength: 63
Industry: Specialty Business Services

Ennis Business Overview & Revenue Model

Company Description

Ennis, Inc., established in 1909 and based in Midlothian, Texas (originally incorporated as Ennis Business Forms, Inc.), is a U.S.-based company dedicated to creating, producing, and marketing business forms and a diverse range of related commercial...

How the Company Makes Money

Ennis makes money primarily by manufacturing printed products and selling them to business customers through a mix of distributors, resellers, and direct customer relationships (where applicable). Its core revenue stream is product sales from commerc...

Ennis Financial Statement Overview

Summary

Strong overall fundamentals supported by a very conservatively levered balance sheet (debt-to-equity ~0.01) and solid profitability (TTM gross margin ~31%, net margin ~10%). Cash flow quality is good with operating cash flow well above net income (~1.68x), but revenue has been uneven across recent annual periods and there are signs of near-term margin compression and free-cash-flow variability.

Income Statement

78Positive

Balance Sheet

90Very Positive

Cash Flow

72Positive

Financial statement breakdown
Breakdown	TTM	Feb 2026	Feb 2025	Feb 2024	Feb 2023	Feb 2022
Income Statement
Total Revenue	397.15M	392.40M	394.62M	420.11M	431.84M	400.01M
Gross Profit	121.65M	120.41M	117.29M	125.34M	131.05M	114.72M
EBITDA	71.17M	75.72M	68.48M	74.02M	77.61M	60.73M
Net Income	38.94M	42.63M	40.22M	42.60M	47.30M	28.98M
Balance Sheet
Total Assets	365.13M	363.20M	348.94M	399.19M	393.83M	368.84M
Cash, Cash Equivalents and Short-Term Investments	54.01M	34.57M	72.47M	110.92M	93.97M	85.61M
Total Debt	6.86M	9.21M	9.48M	9.57M	13.01M	15.33M
Total Liabilities	50.92M	54.47M	46.95M	49.35M	62.40M	65.03M
Stockholders Equity	314.21M	308.73M	301.98M	349.84M	331.43M	303.81M
Cash Flow
Free Cash Flow	59.52M	0	59.97M	62.57M	42.44M	44.14M
Operating Cash Flow	68.43M	52.73M	65.86M	69.07M	46.78M	50.68M
Investing Cash Flow	-14.83M	-44.85M	13.20M	-54.99M	-11.46M	-10.05M
Financing Cash Flow	-31.48M	-40.31M	-93.65M	-26.45M	-26.96M	-30.21M

Ennis Technical Analysis

Technical Analysis SentimentNegative

Last Price20.94

Price Trends

50DMA21.75Negative

100DMA21.49Negative

200DMA20.79Positive

Market Momentum

MACD-0.24Positive

RSI33.28Neutral

STOCH13.02Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EBF, the sentiment is Negative. The current price of 20.94 is below the 20-day moving average (MA) of 22.05, below the 50-day MA of 21.75, and above the 200-day MA of 20.79, indicating a neutral trend. The MACD of -0.24 indicates Positive momentum. The RSI at 33.28 is Neutral, neither overbought nor oversold. The STOCH value of 13.02 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for EBF.

Ennis Risk Analysis

Ennis disclosed 20 risk factors in its most recent earnings report. Ennis reported the most risks in the "Production" category.

Production - Risks related to the company’s ability to manufacture goods and services

Latest Risks Added

1 New Risk

1.Our ability to protect our customer relationships, including those acquired through acquisitions, and our trademarks is important to our business, and failure to do so could adversely affect our results of operations.Q1, 2026

Ennis Peers Comparison

Overall Rating

UnderperformOutperform

Sector (63)

Financial Indicators

EBF against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EBF	78Outperform	$534.46M	13.60	12.58%	4.84%	2.27%	-5.62%
ACCO	71Outperform	$508.80M	7.41	9.73%	5.70%	1.55%	62.05%
Sector *	63Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
KODK	61Neutral	$736.73M	-6.98	-12.56%	―	9.28%	-222.95%
QUAD	48Neutral	$393.39M	14.05	21.18%	4.88%	-4.88%	28.67%
MATW	45Neutral	$634.25M	-21.29	-5.81%	5.15%	-31.82%	55.14%
XRX	43Neutral	$154.95M	-0.12	-378.81%	8.99%	16.00%	-16.26%

* Industrials Sector Average

Performance Comparison

EBF and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
EBF	Ennis Inc	20.94	4.78	29.56%
ACCO	ACCO Brands Corp	5.26	2.10	66.67%
MATW	Matthews International Corp	19.80	-2.31	-10.46%
QUAD	Quad/Graphics, Inc. Class A	7.69	2.45	46.81%
XRX	Xerox Corporation	1.11	-1.81	-62.03%
KODK	Eastman Kodak Company	7.40	-0.39	-5.01%

Ennis Corporate Events

DividendsFinancial Disclosures

Ennis Raises Dividend Following Strong Quarterly Performance

Positive

Sep 21, 2026

Ennis, Inc., founded in 1909 and headquartered in Midlothian, Texas, is one of the largest private‑label printed business product suppliers in the United States. The company operates production and distribution facilities across the country, ma...

Executive/Board ChangesRegulatory Filings and ComplianceShareholder Meetings

Ennis Shareholders Elect Directors and Affirm Governance Decisions

Neutral

Jul 17, 2026

At Ennis’s Annual Meeting of Shareholders held on July 16, 2026, investors elected Aaron Carter, Gary S. Mozina and Keith S. Walters as directors, while director Michael D. Magill failed to secure a majority of votes in an uncontested election....

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.

Date of analysis: Sep 29, 2026

Ennis AI Stock Analysis