Ennis, Inc.
EBF
Manifold Business Forms
Mkt Cap
$534.7MPE
12.55Debt
-Cash
$81.6MEV
-FCF
$62.57MP/E Ratio
12.55Debt
-Cash
$81.6MEV
-FCF
$62.57MCharts data: {"Earnings":[{"time":"2015-02-27","value":-44533000},{"time":"2017-02-27","value":1780000},{"time":"2018-02-27","value":32905000},{"time":"2019-02-27","value":37437000},{"time":"2020-02-28","value":38292000},{"time":"2021-02-27","value":24094000},{"time":"2022-02-27","value":28982000},{"time":"2023-02-27","value":47300000},{"time":"2024-02-28","value":42597000}],"Sales":[{"time":"2015-02-27","value":580240000},{"time":"2017-02-27","value":356888000},{"time":"2018-02-27","value":370171000},{"time":"2019-02-27","value":400782000},{"time":"2020-02-28","value":438412000},{"time":"2021-02-27","value":357973000},{"time":"2022-02-27","value":400014000},{"time":"2023-02-27","value":431837000},{"time":"2024-02-28","value":420109000}],"Net Margins":[{"time":"2015-02-27","value":-0.0767492761615883},{"time":"2017-02-27","value":0.004987559122189594},{"time":"2018-02-27","value":0.0888913502138201},{"time":"2019-02-27","value":0.09340988367741067},{"time":"2020-02-28","value":0.08734249974909446},{"time":"2021-02-27","value":0.06730675218522067},{"time":"2022-02-27","value":0.07245246416375427},{"time":"2023-02-27","value":0.1095320688130012},{"time":"2024-02-28","value":0.10139511412514371}],"Assets":[{"time":"2015-02-27","value":453262000},{"time":"2017-02-27","value":324285000},{"time":"2018-02-27","value":329439000},{"time":"2019-02-27","value":363085000},{"time":"2020-02-28","value":365699000},{"time":"2021-02-27","value":364388000},{"time":"2022-02-27","value":368844000},{"time":"2023-02-27","value":393835000},{"time":"2024-02-28","value":399190000}],"Stockholders Equity":[{"time":"2015-02-27","value":284680000},{"time":"2017-02-27","value":251355000},{"time":"2018-02-27","value":261704000},{"time":"2019-02-27","value":289127000},{"time":"2020-02-28","value":294329000},{"time":"2021-02-27","value":300549000},{"time":"2022-02-27","value":303815000},{"time":"2023-02-27","value":331432000},{"time":"2024-02-28","value":349841000}],"ROE":[{"time":"2015-02-27","value":-0.15643178305465785},{"time":"2017-02-27","value":0.007081617632432217},{"time":"2018-02-27","value":0.1257336532876838},{"time":"2019-02-27","value":0.12948289160126863},{"time":"2020-02-28","value":0.1300993106353774},{"time":"2021-02-27","value":0.0801666284033552},{"time":"2022-02-27","value":0.09539357832891728},{"time":"2023-02-27","value":0.14271404088923217},{"time":"2024-02-28","value":0.12176102858155562}],"ROA":[{"time":"2015-02-27","value":-0.08186876464384837},{"time":"2017-02-27","value":0.12496723561065112},{"time":"2018-02-27","value":0.14358045040204712},{"time":"2019-02-27","value":0.13794841428315682},{"time":"2020-02-28","value":0.1401453107610357},{"time":"2021-02-27","value":0.09852410068388641},{"time":"2022-02-27","value":0.11816377655594235},{"time":"2023-02-27","value":0.16797135856386558},{"time":"2024-02-28","value":0.14810741752047896}]}
Ennis, Inc. 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, 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, Forms Manufacturers, Mutual Graphics, TRI-C Business Forms, Major Business Systems, Independent Printing, Hoosier Data Forms, Hayes Graphics, Wright Business Graphics, Wright 360, Integrated Print & Graphics, the Flesh Company, Impressions Direct, and AmeriPrint brands. It also provides point of purchase advertising under the Adams McClure brand name; presentation and document folders under the Admore, Folder Express, and Independent Folders brands; and custom printed, high-performance labels, and custom and stock tags under the Ennis Tag & Label brand name. In addition, the company offers 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; and custom and stock pressure seal documents under the Infoseal and PrintXcel brands. It distributes business products and forms through independent distributors, including business forms distributors, resellers, direct mail, commercial printers, payroll and accounts payable software companies, and advertising agencies. The company was formerly known as Ennis Business Forms, Inc. Ennis, Inc. was incorporated in 1909 and is headquartered in Midlothian, Texas.
Sector
DCF
Discounted Cash Flow Valuation of Ennis, Inc.
Value
Growth
%
%
Discount
%
%
Multiple
| g\r | +10% | +11% | +12% | +13% | +14% |
|---|---|---|---|---|---|
| 0% | 10 | 9 | 8 | 8 | 7 |
| +1% | 11 | 10 | 9 | 8 | 8 |
| +2% | 13 | 11 | 10 | 9 | 8 |
| +3% | 14 | 13 | 11 | 10 | 9 |
| +4% | 17 | 14 | 12 | 11 | 10 |
| Years | 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | TV |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FCF | $62.57M | $60.79M | $59.05M | $57.37M | $55.74M | $54.15M | $52.6M | $51.11M | $49.65M | $48.23M | $46.86M | $468.6M |
| DCF | $52.86M | $44.65M | $37.72M | $31.87M | $26.92M | $22.74M | $19.21M | $16.23M | $13.71M | $11.58M | $115.8M | |
| Value | $393.3M | |||||||||||
In the chart Earnings are multiplied by this value.
Earnings Growth 6.2%
Earnings Stability -6.1%
Competitiveness and MOAT
High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.
| Years | 02-2015 | 02-2017 | 02-2018 | 02-2019 | 02-2020 | 02-2021 | 02-2022 | 02-2023 | 02-2024 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | -7.7% | 0.5% | 8.9% | 9.3% | 8.7% | 6.7% | 7.2% | 11% | 10% | 10% |
| ROA | -8.2% | 12% | 14% | 14% | 14% | 9.9% | 12% | 17% | 15% | 15% |
| ROE | -16% | 0.71% | 13% | 13% | 13% | 8% | 9.5% | 14% | 12% | 12% |
What is the average Net Margin?
The average Net Margin over the past 5 years is +8.86%.
What is the trend of Net Margin?
The trend of Net Margin over the past 5 years is +0.32%.
What is the average Return on Assets (ROA)?
The average ROA over the past 5 years is +13.51%.
What is the trend of Return on Assets (ROA)?
The trend of ROA over the past 5 years is +0.44%.
What is the average Return on Equity (ROE)?
The average ROE over the past 5 years is +11.66%.
What is the trend of Return on Equity (ROE)?
The trend of ROE over the past 5 years is +0.04%.
Safety & Stabiliy
Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.
| Years | 02-2015 | 02-2017 | 02-2018 | 02-2019 | 02-2020 | 02-2021 | 02-2022 | 02-2023 | 02-2024 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt FCF | - | - | 0.70 | 0.65 | - | - | - | - | - | - |
| Debt Equity | 0.37 | 0.12 | 0.11 | 0.10 | - | - | - | - | - | - |
| MIN | ||||||||||
| Graham Stability | - | - | - | - | 100% | 67% | 87% | 100% | 100% | 67% |
What is the Debt/FCF?
The Debt/FCF trailing twelve month is -.
What is the trend of Debt/FCF?
The trend of Debt/FCF over the past 5 years is -.
What is the Graham’s Stability?
Graham’s Stability measure stands at 0.67.
Growth
Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.
| Years | 02-2017 | 02-2019 | 02-2021 | 02-2023 | Trend |
|---|---|---|---|---|---|
| Revenue | 2.4% | 0.95% | 5.5% | -2.7% | 3% |
| Net Income | 57% | 2.6% | 21% | -9.9% | -180% |
| Stockholders Equity | 4.8% | 3.9% | 5.2% | 5.6% | 1.4% |
| FCF | 1.6% | 6.1% | 8.4% | 47% | 5.1% |
What is the 5 year Revenue CAGR?
The Revenue CAGR over the past 5 years is +0.95%.
What is the trend of Revenue growth?
The trend of Revenue growth rate over the past 5 years is +3.03%.
What is the 5 year Earnings CAGR?
The Earnings CAGR over the past 5 years is +2.62%.
What is the trend of Earnings growth?
The trend of Earnings growth rate over the past 5 years is -184.24%.
What is the 5 year Equity CAGR?
The Equity CAGR over the past 5 years is +3.89%.
What is the trend of Equity growth?
The trend of Equity growth rate over the past 5 years is +1.4%.
What is the 5 year FCF CAGR?
The FCF CAGR over the past 5 years is +6.11%.
What is the trend of FCF growth?
The trend of FCF growth rate over the past 5 years is +5.07%.