Spectrum Brands Holdings, Inc.

Spectrum Brands Holdings, Inc.

SPBยทNYSE

$79.64

+2.4%
Consumer DefensiveHousehold & Personal Products

Spectrum Brands Holdings, Inc. operates as a branded consumer products company worldwide. It operates through three segments: Home and Personal Care; Global Pet Care; and Home and Garden. The Home and Personal Care segment provides home appliances under the Black & Decker, Russell Hobbs, George Foreman, Toastmaster, Juiceman, Farberware, and Breadman brands; and personal care products under the Remington and LumaBella brands. The Global Pet Care segment provides rawhide chewing, dog and cat clean-up and food, training, health and grooming, small animal food and care, and rawhide-free products under the 8IN1 (8-in-1), Dingo, Nature's Miracle, Wild Harvest, Littermaid, Jungle, Excel, FURminator, IAMS, Eukanuba, Healthy-Hide, DreamBone, SmartBones, ProSense, Perfect Coat, eCOTRITION, Birdola, Good Boy, Meowee!, Wildbird, and Wafcol brands. This segment also offers aquarium kits, stand-alone tanks, and aquatics equipment and consumables under the Tetra, Marineland, Whisper, Instant Ocean, GloFish, OmegaOne, and OmegaSea brands. The Home and Garden segment provides outdoor insect and weed control solutions, and animal repellents under the Spectracide, Garden Safe, Liquid Fence, and EcoLogic brands; household pest control solutions under the Hot Shot, Black Flag, Real-Kill, Ultra Kill, The Ant Trap, and Rid-A-Bug brand names; household surface cleaning, maintenance, and restoration products, including bottled liquids, mops, wipes, and markers under the Rejuvenate brand name; and personal-use pesticides and insect repellent products under the Cutter and Repel brands. The company sells its products through retailers, e-commerce and online retailers, wholesalers, and distributors. Spectrum Brands Holdings, Inc. was incorporated in 2009 and is headquartered in Middleton, Wisconsin.

At a Glance

Live Snapshot
Market Cap$1.85B
EPS3.8800
P/E Ratio20.53
Earnings Date08/06/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal ยท Driver ยท Risk

Signal

High confidence

Valuation multiple is mid-range (P/E 20.5).

Valuation inputs: P/E 20.5, earnings yield +4.9%, momentum +2.4%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is soft (ROE +5.2%, ROIC +4.3%).

Profitability stack: net margin +3.6%, ROE +5.2%, ROIC +4.3%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Risk profile is balanced but has notable pressure points to monitor.

Risk factors: liabilities/assets +43.5%, momentum +2.4%, net margin +3.6%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

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Spectrum Brands Holdings, Inc. Market vs Earnings Trajectory

SPB ยท NYSE
Current Price
$79.64
EPS (TTM)
$4.35

Performance Analysis

EPS Growth

+61.6%

Strong earnings growth indicates robust business expansion and improving profitability.

Price-EPS Relationship

Aligned

Stock price is moving in line with earnings growthโ€”a healthy sign of fundamental-driven valuation.

Stock Price Change

+43.2%

Over the 1Y period, stock price has increased by 43.2%.

P/E Ratio (TTM)

20.5x

Moderate P/E ratio suggests fair market valuation relative to earnings.

Key Insight

Strong earnings growth (+61.6%) is outpacing price appreciation (+43.2%), potentially indicating an attractive entry point as the market may not have fully recognized the improving fundamentals.

Spectrum Brands Holdings, Inc.

Spectrum Brands Holdings, Inc. Fair Value Envelope

SPB ยท NYSE

Our analysis suggests that SPB has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $79.64, this represents a potential HIDDEN relative to our calculated worth for Spectrum Brands Holdings, Inc..

Intrinsic Value
Current Price: $79.64
3Y+122.0%
5Y+85.0%
10Y-162.0%
3Y-10.0%
5Y+7.0%
10Y-8.0%
3Y+40.0%
5Y+2.0%
10Y-150.0%
3Y-479.0%
5Y-30.0%
10Y-78.0%
3Y-241.0%
5Y-33.0%
10Y-80.0%
3Y-41.0%
5Y-34.0%
10Y-90.0%
Spectrum Brands Holdings, Inc.

Spectrum Brands Holdings, Inc. Profit Bridge

SPB ยท NYSE
Revenue2.81B
Cost of Goods Sold (1.78B)
Gross Profit1.03B
Operating Expenses (907.00M)
Operating Income124.90M
Interest Expense (30.00M)
Other Income/Expense-37.70M
Pretax Income87.20M
Income Tax (-13.00M)
Net Income99.90M
Net Income
99.90M

Profitability Analysis

Gross Margin

36.7%

Strong gross margins indicate healthy pricing and efficient production or service delivery.

Operating Margin

4.4%

Minimal operating profit suggests high operating costs or pricing challenges. Scalability is concerning.

Net Profit Margin

3.6%

Minimal profitability after all expenses. Limited financial flexibility for reinvestment or shareholder returns.

Effective Tax Rate

-14.9%

Below-average tax rate suggests effective tax planning, favorable jurisdictions, or tax credits.

Profitability Insight

Margin squeeze alert: Healthy gross margins but weak operating margins suggest excessive operating expenses. Cost optimization could unlock significant value.

36.74%
Gross Profit Margin
-2%
3Y+16.0%
5Y+10.0%
10Y-10.0%
4.45%
Operating Profit Margin
-23%
3Y+500.0%
5Y+1256.0%
10Y-60.0%
3.56%
Net Profit Margin
-16%
3Y+56.0%
5Y-5.0%
10Y-154.0%
5.23%
Return on Equity
-10%
3Y-8.0%
5Y-25.0%
10Y-117.0%
2.96%
Return on Assets
-9%
3Y+138.0%
5Y+54.0%
10Y-599.0%
4.31%
Return on Invested Capital
32%
3Y+901.0%
5Y+906.0%
10Y-43.0%
SPB

Spectrum Brands Holdings, Inc. Cash Conversion Engine

SPB ยท NYSE
Net Income100.40M
Depreciation & Amortization98.00M
Stock-Based Compensation20.50M
Change in Working Capital16.40M
Others28.00M
Capital Expenditures-38.30M
Free Cash Flow165.80M

Cash Flow Quality Analysis

FCF Conversion Rate

165.1%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

18.8%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

+39.8%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

+$16.40M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

Cash Flow Quality Insight

Exceptional cash generation: High-quality earnings converting to growing free cash flow. The company demonstrates strong pricing power, efficient operations, and disciplined capital allocation.

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Spectrum Brands Holdings, Inc. Funding & Solvency Profile

SPB ยท NYSE
Cash & Cash Equivalents125.10M
Net Receivables619.40M
Inventory487.10M
Other Current Assets40.30M
Total Current Assets1 B
Property, Plant & Equipment382.00M
Goodwill & Intangible Assets1.78B
Long-Term Investments0.00
Other Non-Current Assets40.30M
Total Non-Current Assets422 M
Total Assets
3.47B

Financial Health Analysis

Current Ratio

2.29x

Excellent liquidity position. The company can easily cover its short-term obligations with substantial cushion.

Debt-to-Equity Ratio

0.83x

Balanced capital structure with moderate leverage. Equity exceeds debt, suggesting healthy financial stability.

Working Capital

718 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

37% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Financial Health Insight

Strong financial foundation: Excellent liquidity combined with conservative leverage suggests the company is well-positioned to weather economic uncertainties and fund growth opportunities.

spb

Spectrum Brands Holdings, Inc. Street Expectations Map

SPB ยท NYSE

Wall Street analysts project that SPB stock may rise significantly over the coming 12 months. The consensus 1-year price target stands at 87.75, with estimates ranging from a low of 81.00 to a high of 100.00.

Lowest Target
81.00
1.71%
Consensus Target
87.75
10.18%
Highest Target
100.00
25.57%

The consensus 1-year price target stands at 87.75, with estimates ranging from a low of 81.00 to a high of 100.00.

Analyst Consensus Analysis

Upside Potential

+10.2%

Moderate upside. Analysts expect positive returns but with limited margin of safety. Consider entry timing.

Analyst Agreement

21.7% spread

Good consensus alignment. Moderate target spread reflects general agreement on value drivers with some variance in assumptions.

Analyst Conviction

High

Positive outlook with reasonable agreement. Analysts generally optimistic about prospects with manageable uncertainty.

Market Sentiment Insight

Monitor and evaluate: Current analyst consensus suggests limited conviction or near-term catalysts. Stay informed on company developments and reassess positioning as new information emerges.

spb

Spectrum Brands Holdings, Inc. Insider Positioning

SPB ยท NYSE

During the last 12 months, insiders have purchased $182K worth of SPB shares, with no selling activity reported.

3 Months

Bought

2.5K

182.12K

Sold

0

0.00

Net Activity

+182K

+$182K

3-6 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

6-9 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

9-12 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

Top Buyers

1
MDM

Maura David M

Director, Officer: Executive Chairman And Ceo

2.5K sharesโ€ข1 transactions

$182K

Top Sellers

No selling activity

Insider Activity Analysis

Net Insider Sentiment

Bullish

Strong bullish signal with $182K net buying. Insiders are aggressively accumulating shares, suggesting significant confidence in future prospects.

Buy/Sell Ratio

โˆž:1

Perfect buy/sell ratio. Only buying activity with zero sellingโ€”the most bullish possible insider signal.

Recent Trend (3 Months)

$182K

Very strong recent buying momentum. Recent insider purchases significantly outpace sales, suggesting near-term optimism.

Insider Participation

High Buying

1 insider buyers vs. 0 sellers. Broad-based buying across management team suggests widespread confidence.

Insider Activity Insight

Unanimous insider buying: Zero selling combined with active buying is rare and typically very bullish. Insiders appear to see significant upside with limited downside risk.

0.00%
Dividend Yield
-100%
3Y-100.0%
5Y-100.0%
10Y-100.0%
ย 

spb Dividend History

SPB
10Y CAGR +2%
Latest $0.47
Annual $2.35
5 year growth trend
Last Period: +0%