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Personal Products

Individual company worksheets may be downloaded by simply clicking on the company name.

Energizer Holdings, Inc.
In the end it was an unremarkable year by an unremarkable company. Year over year earnings and free cash flow were both up for the year, debt increased slightly and tangible book value, while still in negative territory was improved. Had an investor purchased $10K of company stock at the close on 09/30/12 and sold at the close on 09/30/17, a five year hold, their investment return would have been a loss of 37%. Do you feel energized now my friend?

Energizer Holdings, Inc. (NYSE: ENR) – FYE 09/2017 – FAIRLY VALUED – The stock is currently trading in line with my $54 fair value estimate – Please See Linked Worksheet

Edgewell Personal Care Company, Inc.
So the company shows earnings growth of 58% and has fair value price of $105, with a 16% reduction in debt, and free cash flow growth of 42%. Sounds impressive. But the reason for such wonderful growth and fair value numbers has nothing to do with earnings, but with negative income tax on earnings. When the numbers are adjusted to remove the income tax advantage, earnings growth was actually 4%, free cash flow growth was actually 3.5%, debt reduction stayed the same, but fair value became $61 which is why I have rated the stock as fairly valued. In the end, the company may make a lot of consumable products, but they pay no dividend, so I really don’t pay them any attention.

Edgewell Personal Care Company, Inc. (NYSE: EPC) – FYE 09/2017 – FAIRLY VALUED – The stock is currently trading in line with my $61 fair value estimate – Please See Linked Worksheet

Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing.