Energizer Holdings

ENR

Electrical Equipment & Parts · Industrials

Price

$21.47

+0.48 (+2.29%)

Market Cap

$1.47B

Winston Score

Winston is serious

Mixed quality — meaningful strengths and weaknesses.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Mixed

Growth

Weak

Cash Flow

Strong

Stability

Weak

Valuation

Strong

Dividends

Good

Track this stock — start free trial

Share count rising — dilution

+4.8% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 68.7M (2021) → 72.0M (2025)

Winston Score History

The full picture

Energizer Holdings makes batteries and auto care products that people use every day. Its most famous brand is Energizer, known for the pink bunny mascot, and it also owns Rayovac and Varta batteries, plus auto care brands like Armor All and STP. The company sells to everyday consumers through grocery stores, hardware stores, and big retailers like Walmart and Target.

Energizer makes money by selling physical products — mainly batteries and car cleaning or maintenance supplies — to retailers who then sell them to shoppers. It operates mostly in North America but also sells in Europe, Latin America, and other regions. Its main competitive advantage is brand recognition and shelf space at major retailers, which is hard for smaller competitors to take away. The biggest risk the company faces is that battery demand could slowly decline as more devices use built-in rechargeable batteries instead of replaceable ones.

Politician Trades

1 trades / 12mo

0 Congressional buys and 1 sell on ENR in the last 12 months.

Unlock the full Smart Money Map — every trade plotted on the price chart with politicians, amounts and returns since each trade. Founder's Deal is $57/mo locked for life.

Unlock politician trades

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+1.2% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

-73.1% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$33M/ year

→ Flat (+3% vs prior year)

1.1% of revenue

Below sector average (4%)

Steady R&D investment year-over-year

Insider Activity

13.0%ownership

↑ Rising

Insiders increasing their stake — aligned with shareholders

Cash Runway

5+ years

Quarterly Free Cash Flow

↓ Burn rate worsening

$173M cash & investments at current burn rate

Growth context

Energizer Holdings is growing revenue at 1% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

38.2%

Modest — 38.2% gross margin

Profit after running costs

Operating Margin

12.2%

Healthy — 12.2% operating margin

Return on the money invested

ROCE

9.1%

Below par — 9.1% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth

Sales YoY

+2.2%

Nearly flat sales (+2.2% YoY)

Profit growth

EPS YoY

-66.2%

Earnings shrinking (-66.2% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is

EPS Consistency

3/8 quarters

Earnings rarely grow — volatile business

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash

Cash Conversion

267%

Turns 267% of profit into real cash

Spare cash per sale

FCF Margin

5.0%

Thin free cash flow (5.0%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns

Debt / Equity

16.42

Heavy debt load (16.42)

Covers its interest

Interest Cover

1.97x

Dangerous — barely covers interest (2.0x)

Interest coverage between 1 and 3. Profits cover interest, but with little room to spare.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit

P/E Ratio (TTM)

18.0x

Fair value — P/E 18.0

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year

P/E vs Forward

+12.0

GROWING

Earnings expected to grow meaningfully — cheaper on forward P/E (18.0 → 6.1)

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Dividend

Dividend Yield

5.61%

Healthy income — 5.61% yield

Generous yield. Worth checking whether the payout is sustainable.

Dividend record

Dividend Growth

+0.0%

Dividend flat

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial