ENRENERGIZER HOLDINGS, INC.
Miscellaneous Electrical Machinery, Equipment & Supplies
- Revenue
- $3.0B
- 2.3% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- $1.4B
- Employees
- 6,050
- $488K revenue each
- Net debt / EBITDA
- —
- $3.0B net debt
- AI in 10-K
- 1.5
- mentions per 10K words
Takeover score 3 of 13
Fixable underperformance 2 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashYes62% of net incomeCash flow under 80% of net income
- Dilutive SBCNo1% of revenueOver 10% of revenue
- Payouts exceed cash flowYes120% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo23% of assetsOver 40% of assets
- Shareholder dissentNo97% lowest supportAny vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo$488K · 57th pctBottom quartile of its SIC industry
- Quiet on AINo1.5 per 10K words · 45th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedYes$1.4B market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo$20M netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $3.0B | $3.1B | $3.0B | $2.9B | $3.0B | 2.3% |
| Net income | $161M | −$232M | $141M | $38M | $239M | 527% |
| Operating cash flow | $180M | $1M | $395M | $430M | $147M | 66% |
| Capex | $65M | $78M | $57M | $98M | $84M | 14% |
| Stock-based comp | $10M | $13M | $22M | $23M | $26M | 11% |
| Buybacks | $96M | $0 | $0 | $0 | $90M | |
| Dividends | $84M | $85M | $86M | $87M | $87M | 0.3% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $20M · 48
- Open-market sells, 12 mo
- $0 · 0
- Net
- $20M
Pay vs performance
No pay-versus-performance disclosure yet.