EnerSys (ENS) – Achievable long term outlook

EnerSys (ENS) (Q1FY24)

Stock performance: Over the past 3 years, EnerSys generated returns of 18% where the stock price increased from $72.86 in Oct 26, 2020 to $86.1 in Oct 25, 2023. The stock had a 200-Day Moving Average of $93.17 and a 50-Day Moving Average of $96.22.

In the past 1 year, ENS delivered returns of 30% where the stock price increased from $66.29 in Oct 31, 2022 to $86.1 in Oct 25,2023. The stock had a 52 Week High of $113.34 and a 52 Week Low of $63.32.

Over the past 3 months, ENS’s stock price decreased by -19% from $106.91 in Jul 27, 2023 to $86.1 in Oct 25, 2023.

Quarter Performance : In Q1FY24, ENS’s revenue grew by 1% to $908.6mn from $899mn in Q1FY23 and the COGS decreased by -6% to $668.3mn from $713.4mn in the same time period

Guidance: For Q2FY24, ENS expects its gross margin to be in the range of 25% to 27% and the adj. diluted EPS to be in the range of $1.77 to $1.87. The company expects its capex to be around $120mn for FY24.

Highlights

The company is ramping up and innovating on this front and we feel that orders will improve slowly as the charging and storage system industry is witnessing a great demand with the rise of EV’s.

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Highlights

Valuation

– Enterprise Value
– CrispIdea Forecast
– CrispIdea Segment Forecast
– Economic Value Added Analysis
– P/E Analysis
– Peer Valuation
– CrispIdea Forecast Relative to Consensus
– Consensus History and Surprise
– Consensus Momentum

Actual & Historical Performance

– Income Statement
– Balance Sheet
– Cash Flow
– 10 Year Historical Performance
– Ratio Analysis
– Du Pont Analysis
– ROIC & ROCE Analysis
– Segment Performance
– M&A Deals

Peer Performance

– Summary
– Profitability
– Growth
– Price Performance

Ownership

Stock Price Performance

Crispidea Coverage

No of Pages: 33

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