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Ennis

NYSE:EBF
Snowflake Description

Flawless balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
EBF
NYSE
$500M
Market Cap
  1. Home
  2. US
  3. Commercial Services
Company description

Ennis, Inc. designs, manufactures, and sells business forms and other business products in the United States. The last earnings update was 97 days ago. More info.


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  • Ennis has significant price volatility in the past 3 months.
EBF Share Price and Events
7 Day Returns
8.3%
NYSE:EBF
-0.6%
US Commercial Services
2.4%
US Market
1 Year Returns
-10%
NYSE:EBF
-17%
US Commercial Services
-10%
US Market
EBF Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Ennis (EBF) 8.3% 3.7% -10.4% -10% 25% 38%
US Commercial Services -0.6% -22.9% -25.8% -17% 7.1% 23.3%
US Market 2.4% -11% -19.4% -10% 9.6% 21.1%
1 Year Return vs Industry and Market
  • EBF outperformed the Commercial Services industry which returned -17% over the past year.
  • EBF matched the United States of America Market (-10%) over the past year.
Price Volatility
EBF
Industry
5yr Volatility vs Market

Value

 Is Ennis undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Ennis to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Ennis.

NYSE:EBF Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 6.3%
Perpetual Growth Rate 10-Year US Government Bond Rate 1.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:EBF
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 5.4%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.726 (1 + (1- 21%) (4.13%))
0.832
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.83
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.74% + (0.832 * 5.44%)
6.27%

Discounted Cash Flow Calculation for NYSE:EBF using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Ennis is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

NYSE:EBF DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 6.27%)
2020 58.55 Est @ 6.53% 55.10
2021 61.54 Est @ 5.1% 54.49
2022 64.06 Est @ 4.09% 53.38
2023 66.22 Est @ 3.38% 51.93
2024 68.14 Est @ 2.89% 50.28
2025 69.87 Est @ 2.55% 48.52
2026 71.48 Est @ 2.3% 46.71
2027 73.01 Est @ 2.13% 44.89
2028 74.48 Est @ 2.02% 43.09
2029 75.92 Est @ 1.93% 41.34
Present value of next 10 years cash flows $489.00
NYSE:EBF DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $75.92 × (1 + 1.74%) ÷ (6.27% – 1.74%)
$1,705.72
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,705.72 ÷ (1 + 6.27%)10
$928.68
NYSE:EBF Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $489.00 + $928.68
$1,417.68
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,417.68 / 26.06
$54.4
NYSE:EBF Discount to Share Price
Calculation Result
Value per share (USD) From above. $54.40
Current discount Discount to share price of $19.19
= -1 x ($19.19 - $54.40) / $54.40
64.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Ennis is available for.
Intrinsic value
>50%
Share price is $19.19 vs Future cash flow value of $54.4
Current Discount Checks
For Ennis to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Ennis's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Ennis's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Ennis's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Ennis's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:EBF PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-11-30) in USD $1.46
NYSE:EBF Share Price ** NYSE (2020-04-08) in USD $19.19
United States of America Commercial Services Industry PE Ratio Median Figure of 52 Publicly-Listed Commercial Services Companies 20.65x
United States of America Market PE Ratio Median Figure of 2,948 Publicly-Listed Companies 12.95x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Ennis.

NYSE:EBF PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:EBF Share Price ÷ EPS (both in USD)

= 19.19 ÷ 1.46

13.18x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ennis is good value based on earnings compared to the US Commercial Services industry average.
  • Ennis is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Ennis's expected growth come at a high price?
Raw Data
NYSE:EBF PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.18x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Commercial Services Industry PEG Ratio Median Figure of 35 Publicly-Listed Commercial Services Companies 1.25x
United States of America Market PEG Ratio Median Figure of 2,010 Publicly-Listed Companies 0.92x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Ennis, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Ennis's assets?
Raw Data
NYSE:EBF PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-11-30) in USD $11.59
NYSE:EBF Share Price * NYSE (2020-04-08) in USD $19.19
United States of America Commercial Services Industry PB Ratio Median Figure of 86 Publicly-Listed Commercial Services Companies 1.16x
United States of America Market PB Ratio Median Figure of 5,162 Publicly-Listed Companies 1.26x
NYSE:EBF PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:EBF Share Price ÷ Book Value per Share (both in USD)

= 19.19 ÷ 11.59

1.66x

* Primary Listing of Ennis.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ennis is overvalued based on assets compared to the US Commercial Services industry average.
X
Value checks
We assess Ennis's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Commercial Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Commercial Services industry average (and greater than 0)? (1 check)
  5. Ennis has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Ennis expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Ennis has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
12.9%
Expected Commercial Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Ennis expected to grow at an attractive rate?
  • Unable to compare Ennis's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Ennis's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Ennis's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NYSE:EBF Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 12.9%
United States of America Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 3.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:EBF Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:EBF Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-04-09
2020-02-29 438 1
NYSE:EBF Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-11-30 432 59 38
2019-08-31 426 55 38
2019-05-31 415 55 38
2019-02-28 401 51 37
2018-11-30 387 48 37
2018-08-31 373 50 35
2018-05-31 369 45 34
2018-02-28 370 45 33
2017-11-30 370 50 32
2017-08-31 365 49 29
2017-05-31 361 56 28
2017-02-28 357 59 26

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Ennis is high growth as no earnings estimate data is available.
  • Unable to determine if Ennis is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:EBF Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Ennis Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:EBF Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-04-09
2020-02-29
NYSE:EBF Past Financials Data
Date (Data in USD Millions) EPS *
2019-11-30 1.46
2019-08-31 1.45
2019-05-31 1.45
2019-02-28 1.45
2018-11-30 1.46
2018-08-31 1.38
2018-05-31 1.35
2018-02-28 1.29
2017-11-30 1.25
2017-08-31 1.15
2017-05-31 1.07
2017-02-28 1.03

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Ennis will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Ennis is trading at Ennis'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Ennis's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Commercial Services companies here
  3. Ennis's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Ennis's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Ennis has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Ennis performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Ennis's growth in the last year to its industry (Commercial Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Ennis has delivered over 20% year on year earnings growth in the past 5 years.
  • Ennis's 1-year earnings growth is less than its 5-year average (1.4% vs 34.9%)
  • Ennis's earnings growth has not exceeded the US Commercial Services industry average in the past year (1.4% vs 2.5%).
Earnings and Revenue History
Ennis's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Ennis Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:EBF Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-11-30 432.41 37.92 77.56
2019-08-31 425.62 37.79 77.34
2019-05-31 415.40 37.82 75.44
2019-02-28 400.78 37.44 73.50
2018-11-30 387.17 37.39 73.79
2018-08-31 372.70 35.25 70.69
2018-05-31 369.00 34.22 70.16
2018-02-28 370.17 32.76 69.74
2017-11-30 369.66 31.81 66.18
2017-08-31 364.71 29.27 65.37
2017-05-31 361.07 27.52 64.39
2017-02-28 356.89 26.42 63.93
2016-11-30 361.52 24.50 65.11
2016-08-31 370.38 27.35 65.70
2016-05-31 379.59 30.18 65.76
2016-02-29 385.95 32.26 65.74
2015-11-30 434.98 35.57 68.09
2015-08-31 484.44 -44.21 75.48
2015-05-31 535.82 -43.80 81.18
2015-02-28 380.38 34.47 60.66
2014-11-30 572.14 -67.60 88.49
2014-08-31 561.72 12.93 87.01
2014-05-31 545.16 12.72 86.27
2014-02-28 542.44 13.19 86.68
2013-11-30 533.94 34.73 85.44
2013-08-31 526.39 31.55 83.69
2013-05-31 529.44 29.34 83.94

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Ennis has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Ennis used its assets more efficiently than the US Commercial Services industry average last year based on Return on Assets.
  • Ennis has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Ennis's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Commercial Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Ennis has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Ennis's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Ennis's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Ennis is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Ennis's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Ennis's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 4.0744347303798E+16x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Ennis Company Filings, last reported 4 months ago.

NYSE:EBF Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-11-30 300.45 0.00 61.31
2019-08-31 296.02 0.00 52.50
2019-05-31 292.26 30.00 87.37
2019-02-28 289.13 30.00 88.44
2018-11-30 287.72 30.00 80.82
2018-08-31 286.50 30.00 79.48
2018-05-31 265.78 30.00 96.42
2018-02-28 261.70 30.00 96.23
2017-11-30 259.75 30.00 92.93
2017-08-31 255.98 30.00 83.87
2017-05-31 251.94 30.00 84.32
2017-02-28 251.36 30.00 80.47
2016-11-30 247.69 30.00 87.87
2016-08-31 252.12 30.00 85.23
2016-05-31 290.44 35.00 122.42
2016-02-29 298.55 40.00 7.96
2015-11-30 299.97 45.00 13.71
2015-08-31 293.27 63.00 18.85
2015-05-31 289.02 85.50 19.05
2015-02-28 284.68 106.50 15.35
2014-11-30 289.56 101.50 14.67
2014-08-31 371.07 104.00 13.78
2014-05-31 366.92 105.50 13.27
2014-02-28 362.94 105.50 5.32
2013-11-30 380.26 95.50 8.52
2013-08-31 374.84 35.00 17.68
2013-05-31 370.28 45.00 14.40
  • Ennis's level of debt (0%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (35.1% vs 0% today).
  • Debt is well covered by operating cash flow (1.6635452598576E+18%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 59.9x coverage).
X
Financial health checks
We assess Ennis's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Ennis has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Ennis's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.69%
Current annual income from Ennis dividends.
If you bought $2,000 of Ennis shares you are expected to receive $94 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Ennis's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.93%).
  • Ennis's dividend is below the markets top 25% of dividend payers in United States of America (5.46%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:EBF Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 40 Stocks 2.1%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1935 Stocks 2.9%
United States of America Minimum Threshold Dividend Yield 10th Percentile 1.1%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.9%
United States of America Top 25% Dividend Yield 75th Percentile 5.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:EBF Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-04-09
2020-02-29 0.90 1.00
NYSE:EBF Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-03-23 0.900 5.140
2020-01-03 0.900 4.482
2019-12-20 0.900 4.121
2019-06-21 0.900 4.454
2019-03-25 0.900 4.554
2018-12-21 0.900 4.408
2018-09-25 0.900 4.680
2018-06-15 0.900 4.314
2018-03-26 0.800 4.231
2017-09-25 0.800 3.979
2017-06-19 0.800 4.235
2017-03-27 0.700 4.232
2016-09-27 0.700 4.255
2016-06-20 0.700 4.039
2016-03-31 0.700 3.686
2015-12-30 0.700 3.597
2015-12-21 0.700 3.540
2015-09-29 0.700 3.621
2015-09-18 0.700 4.051
2015-03-27 0.700 4.305
2014-12-22 0.700 5.150
2014-09-22 0.700 5.085
2014-06-26 0.700 4.823
2014-03-28 0.700 4.543
2013-12-20 0.700 4.410
2013-09-20 0.700 3.918
2013-06-27 0.700 3.850
2012-12-10 0.700 4.492
2012-09-21 0.700 4.530
2012-06-28 0.700 4.710
2012-03-30 0.700 4.710
2011-12-16 0.620 4.042
2011-09-22 0.620 4.424
2011-06-30 0.620 3.832
2011-03-31 0.620 3.481
2010-12-17 0.620 3.778
2010-09-17 0.620 3.455
2010-06-30 0.620 3.858
2010-03-31 0.620 3.678
2009-12-18 0.620 3.912
2009-09-18 0.620 3.989
2009-07-02 0.620 4.444

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Ennis's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.6x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Ennis's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Ennis afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Ennis has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Ennis's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Keith Walters
COMPENSATION $3,840,229
AGE 69
TENURE AS CEO 22.4 years
CEO Bio

Mr. Keith S. Walters has been the President at Ennis Inc. (formerly Ennis Business Forms, Inc.) since July 1998 and its Chief Executive Officer since November 1997. Mr. Walters joined Ennis Business Forms Inc. in August 1997 as Vice President-Commercial Printing Operations. Prior to Ennis Business Forms Inc., Mr. Walters was with Atlas/Soundolier, a division of American Trading and Production Company, for 8 years, served as its Vice President of Manufacturing. Prior to that time, he was with the Automotive Division of United Technologies Corporation for 15 years, primarily in manufacturing and operations. Mr. Walters has been an Executive Chairman of Ennis Inc., since November 1997 and its Executive Director since 1997.

CEO Compensation
  • Keith's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Keith's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Ennis management team in years:

18.5
Average Tenure
69.5
Average Age
  • The average tenure for the Ennis management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Keith Walters

TITLE
Executive Chairman
COMPENSATION
$4M
AGE
69
TENURE
22.4 yrs

Richard Travis

TITLE
CFO, VP of Finance & Treasurer
COMPENSATION
$1M
AGE
63
TENURE
14.4 yrs

Ronald Graham

TITLE
Vice President of Administration
COMPENSATION
$751K
AGE
70
TENURE
21.8 yrs

Michael Magill

TITLE
Executive VP & Corporate Secretary
COMPENSATION
$1M
AGE
71
TENURE
15.2 yrs
Board of Directors Tenure

Average tenure and age of the Ennis board of directors in years:

11.8
Average Tenure
67
Average Age
  • The average tenure for the Ennis board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Alejandro Quiroz

TITLE
Independent Director
COMPENSATION
$107K
AGE
66
TENURE
16.8 yrs

Keith Walters

TITLE
Executive Chairman
COMPENSATION
$4M
AGE
69
TENURE
22.4 yrs

Godfrey Long

TITLE
Independent Director
COMPENSATION
$78K
AGE
77
TENURE
14.3 yrs

Michael Schaefer

TITLE
Independent Director
COMPENSATION
$107K
AGE
68
TENURE
12.8 yrs

Frank Bracken

TITLE
Independent Director
COMPENSATION
$68K
AGE
78
TENURE
11.8 yrs

John Blind

TITLE
Director
COMPENSATION
$100K
AGE
65
TENURE
3.8 yrs

Troy Priddy

TITLE
Independent Director
COMPENSATION
$74K
AGE
67
TENURE
1.8 yrs

Gary Mozina

TITLE
Director
AGE
59
TENURE
0.9 yrs

Barbara Clemens

TITLE
Independent Director
AGE
60
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
14. Aug 19 Sell Michael Magill Individual 13. Aug 19 13. Aug 19 -29,749 $20.01 $-595,277
X
Management checks
We assess Ennis's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Ennis has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Was Ennis, Inc.'s (NYSE:EBF) Earnings Growth Better Than The Industry's? Has Ennis, Inc. (NYSE:EBF) Improved Earnings Growth In Recent Times?

View our latest analysis for Ennis Were EBF's earnings stronger than its past performances and the industry? … However, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 34%, indicating the rate at which EBF is growing has slowed down. … I recommend you continue to research Ennis to get a better picture of the stock by looking at: Future Outlook: What are well-informed industry analysts predicting for EBF’s future growth?

Simply Wall St -

What Kind Of Shareholders Own Ennis, Inc. (NYSE:EBF)?

We can see that Ennis does have institutional investors; and they hold 79% of the stock. … It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. … NYSE:EBF Income Statement, August 25th 2019 Since institutional investors own more than half the issued stock, the board will likely have to pay attention to their preferences.

Simply Wall St -

Have Ennis, Inc. (NYSE:EBF) Insiders Been Selling Their Stock?

Check out our latest analysis for Ennis The Last 12 Months Of Insider Transactions At Ennis In fact, the recent sale by Michael Magill was the biggest sale of Ennis shares made by an insider individual in the last twelve months, according to our records. … So we know that an insider sold shares at around the present share price of US$19.67. … NYSE:EBF Recent Insider Trading, August 16th 2019 Insider Ownership of Ennis Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own.

Simply Wall St -

Here's What Ennis, Inc.'s (NYSE:EBF) P/E Ratio Is Telling Us

The formula for P/E is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for Ennis: P/E of 13.76 = $20.02 ÷ $1.45 (Based on the year to May 2019.) Is A High Price-to-Earnings Ratio Good? … The higher the P/E ratio, the higher the price tag of a business, relative to its trailing earnings. … Earnings growth means that in the future the 'E' will be higher.

Simply Wall St -

We Think Ennis (NYSE:EBF) Can Manage Its Debt With Ease

Debt and other liabilities become risky for a business when it cannot easily fulfill those obligations, either with free cash flow or by raising capital at an attractive price. … Ennis may have net cash on the balance sheet, but it is still interesting to look at how well the business converts its earnings before interest and tax (EBIT) to free cash flow, because that will influence both its need for, and its capacity to manage debt. … Summing up While it is always sensible to investigate a company's debt, in this case Ennis has US$57m in net cash and a decent-looking balance sheet.

Simply Wall St -

Why You Might Be Interested In Ennis, Inc. (NYSE:EBF) For Its Upcoming Dividend

It's positive to see that Ennis's dividend is covered by both profits and cash flow, since this is generally a sign that the dividend is sustainable, and a lower payout ratio usually suggests a greater margin of safety before the dividend gets cut. … With a reasonable payout ratio, profits being reinvested, and some earnings growth, Ennis could have strong prospects for future increases to the dividend. … We like Ennis's growing earnings per share and the fact that - while its payout ratio is around average - it paid out a lower percentage of its cash flow.

Simply Wall St -

Taking A Look At Ennis, Inc.'s (NYSE:EBF) ROE

The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Ennis: 13% = US$38m ÷ US$292m (Based on the trailing twelve months to May 2019.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … Does Ennis Have A Good Return On Equity? … A company that can achieve a high return on equity without debt could be considered a high quality business.

Simply Wall St -

How Does Ennis, Inc. (NYSE:EBF) Stand Up To These Simple Dividend Safety Checks?

Dividend Growth Potential While dividend payments have been relatively reliable, it would also be nice if earnings per share (EPS) were growing, as this is essential to maintaining the dividend's purchasing power over the long term. … Earnings per share are sharply up, but we wonder if paying out more than half its earnings (leaving less for reinvestment) is an implicit signal that Ennis's growth will be slower in the future. Conclusion Dividend investors should always want to know if a) a company's dividends are affordable, b) if there is a track record of consistent payments, and c) if the dividend is capable of growing. … Next, growing earnings per share and steady dividend payments is a great combination.

Simply Wall St -

Does Ennis, Inc.'s (NYSE:EBF) 14% Earnings Growth Make It An Outperformer?

Today I will run you through a basic sense check to gain perspective on how Ennis is doing by comparing its latest earnings with its long-term trend as well as the performance of its commercial services industry peers. … View our latest analysis for Ennis Commentary On EBF's Past Performance EBF's trailing twelve-month earnings (from 28 February 2019) of US$37m has jumped 14% compared to the previous year. … However, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 32%, indicating the rate at which EBF is growing has slowed down.

Simply Wall St -

Do Directors Own Ennis, Inc. (NYSE:EBF) Shares?

Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … Taking a look at our data on the ownership groups (below), it's seems that institutions are noticeable on the share registry. … In their own names, insiders own US$22m worth of stock in the US$513m company.

Simply Wall St -

Company Info

Description

Ennis, Inc. designs, manufactures, and sells business forms and other business products in the United States. The company offers snap sets, continuous forms, laser cut sheets, tags, labels, envelopes, integrated products, jumbo rolls, and pressure sensitive products under the Ennis, Royal Business Forms, Block Graphics, Specialized Printed Forms, 360º Custom Labels, ColorWorx, Enfusion, Uncompromised Check Solutions, VersaSeal, Ad Concepts, FormSource Limited, Star Award Ribbon Company, Witt Printing, B&D Litho, Genforms, PrintGraphics, Calibrated Forms, PrintXcel, Printegra, Falcon Business Forms, Forms Manufacturers, Mutual Graphics, TRI-C Business Forms, Major Business Systems, Independent Printing, Hoosier Data Forms, Hayes Graphics, Wright Business Graphics, and Wright 360 brands. It also provides point of purchase advertising for large franchise and fast food chains, as well as kitting and fulfillment under the Adams McClure brand; and presentation folders and document folders under the Admore, Folder Express, and Independent Folders brands. In addition, the company offers custom printed, high performance labels, and custom and stock tags under the Ennis Tag & Label brands; custom and stock tags and labels under the Allen-Bailey Tag & Label, Atlas Tag & Label, Kay Toledo Tag, and Special Service Partners brands; custom and imprinted envelopes under the Trade Envelopes, Block Graphics, Wisco, and National Imprint Corporation brands; and financial and security documents under the Northstar and General Financial Supply brands. It sells its products directly, as well as through private printers and independent distributors to large banking organizations. The company was formerly known as Ennis Business Forms, Inc. Ennis, Inc. was founded in 1909 and is headquartered in Midlothian, Texas.

Details
Name: Ennis, Inc.
EBF
Exchange: NYSE
Founded: 1909
$500,112,182
26,061,083
Website: http://www.ennis.com
Address: Ennis, Inc.
2441 Presidential Parkway,
Midlothian,
Texas, 76065,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE EBF Common Stock New York Stock Exchange US USD 02. Jan 1969
Number of employees
Current staff
Staff numbers
2,470
Ennis employees.
Industry
Commercial Printing
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/09 02:41
End of day share price update: 2020/04/08 00:00
Last estimates confirmation: 2020/03/03
Last earnings filing: 2020/01/03
Last earnings reported: 2019/11/30
Last annual earnings reported: 2019/02/28


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.