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Category: EnerSys (ENS)
Date: 27 May 2021 Stock price of EnerSys (ENS): $92.61 Market Capital of EnerSys: $3.93 billion We take a look at the 4th quarter 2021 earnings report of EnerSys (ENS) a global leader in stored energy solutions for industrial applications, manufactures and distributes energy systems solutions and motive power batteries, specialty batteries, battery chargers, power equipment, battery accessories and outdoor equipment
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As I noted in our Press Release dated May 20, 2021, strong demand for our products will be tempered somewhat with supply chain challenges. However, we believe we can mitigate many of these challenges which will likely persist through our first fiscal half of the year - David M. Shaffer, President and Chief Executive Officer, EnerSys"
More About EnerSys (ENS)
EnerSys, the global leader in stored energy solutions for industrial applications, manufactures and distributes energy systems solutions and motive power batteries, specialty batteries, battery chargers, power equipment, battery accessories and outdoor equipment enclosure solutions to customers worldwide. Energy Systems, which combine enclosures, power conversion, power distribution and energy storage, are used in the telecommunication, broadband and utility industries, uninterruptible power supplies, and numerous applications requiring stored energy solutions. Motive power batteries and chargers are utilized in electric forklift trucks and other industrial electric powered vehicles. Specialty batteries are used in aerospace and defense applications, large over-the-road trucks, premium automotive, medical and security systems applications. EnerSys also provides aftermarket and customer support services to its customers in over 100 countries through its sales and manufacturing locations around the world. With the recent NorthStar acquisition, EnerSys has solidified its position as the market leader for premium Thin Plate Pure Lead batteries which are sold across all three lines of business.
Overview of Star Bulk (SBLK) 1st quarter 2021 earnings
4th quarter 2021 highlights
- Net sales of $814M up 8% sequentially
- Gross Profit Margins at 24%
- Leverage now 1.7x
- Motive Power and Specialty accelerating
- Energy Systems addressing supply chain challenges
Star Bulk management commentary on their 1st quarter 2021 earnings
READING, Pa., May 26, 2021 (GLOBE NEWSWIRE) -- EnerSys (NYSE: ENS), the global leader in stored energy solutions for industrial applications, announced today results for its fourth quarter and full year of fiscal 2021, which ended on March 31, 2021.
As I noted in our Press Release dated May 20, 2021, strong demand for our products will be tempered somewhat with supply chain challenges. However, we believe we can mitigate many of these challenges which will likely persist through our first fiscal half of the year and we expect that price increases will further offset their effects as the year progresses. We are maintaining our guidance of $1.15 to $1.25 per as-adjusted diluted share for our first fiscal quarter - David M. Shaffer, President and Chief Executive Officer, EnerSys
As I noted in our Press Release dated May 20, 2021, strong demand for our products will be tempered somewhat with supply chain challenges. However, we believe we can mitigate many of these challenges which will likely persist through our first fiscal half of the year and we expect that price increases will further offset their effects as the year progresses. We are maintaining our guidance of $1.15 to $1.25 per as-adjusted diluted share for our first fiscal quarter - David M. Shaffer, President and Chief Executive Officer, EnerSys
Net sales for the fourth quarter of fiscal 2021 were $813.5 million, an increase of 4% from the prior year fourth quarter net sales of $781.8 million and increased 8% sequentially from the third quarter of fiscal 2021 net sales of $751.1 million. The increase from the prior year quarter was the result of a 4% increase in organic volume resulting from the pandemic and a 2% increase in foreign currency translation impact, partially offset by a 2% decrease in pricing. The 8% sequential increase was due to organic volume improvement of 9%, partially offset by a 1% decrease in pricing
EnerSys (ENS) stock price chart over the last 5 years
The image below shows the stock price history of EnerSys (ENS) over the last 5 years. And its been a good time for EnerSys stockholders with the stock increasing by 47.5% over the last 5 years.
The stock of EnerSys is trading at closer to its 52 week high than it is to its 52 week low which is a clear indication that the short term sentiment and momentum of EnerSys stock is positive at this point in time.
The stock of EnerSys is trading at closer to its 52 week high than it is to its 52 week low which is a clear indication that the short term sentiment and momentum of EnerSys stock is positive at this point in time.
Latest stock valuation of EnerSys (ENS)
So what is EnerSys (ENS) stock worth based on their 4th quarter 2021 earnings report? Based on their earnings report our valuation model provides a target price (full value price) for EnerSys (ENS) at $86.70 a stock
We therefore believe the stock of EnerSys is overvalued at its current price of $92.61
We usually recommend long term fundamental or value investors look to enter a stock at least 10% below our target price (full value price), which in this case is $86.70, thus a good entry point into EnerSys would be at $78 or below.
We expect the stock of EnerSys to pull back from current levels in coming weeks and months to levels closer to our target price (full value price), as their stock is price is overvalued.
We therefore rate the stock of EnerSys as a sell
We therefore believe the stock of EnerSys is overvalued at its current price of $92.61
We usually recommend long term fundamental or value investors look to enter a stock at least 10% below our target price (full value price), which in this case is $86.70, thus a good entry point into EnerSys would be at $78 or below.
We expect the stock of EnerSys to pull back from current levels in coming weeks and months to levels closer to our target price (full value price), as their stock is price is overvalued.
We therefore rate the stock of EnerSys as a sell
Next earnings release of EnerSys
It is expected that EnerSys will release their 1st quarter 2022 earnings report in late August 2021
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