Ennis Inc.
Find Ratings ReportsENNIS INC's gross profit margin for the third quarter of its fiscal year 2023 is essentially unchanged when compared to the same period a year ago. Sales and net income have dropped, although the growth in revenues underperformed the average competitor within the subsector, the net income growth did not. ENNIS INC is extremely liquid. Currently, the Quick Ratio is 4.39 which clearly shows the ability to cover any short-term cash needs. EBF managed to increase the liquidity from the same period a year ago, despite already having very strong liquidity to begin with. This would indicate improved cash flow.
During the same period, stockholders' equity ("net worth") has increased by 8.15% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is very unlikely to face financial difficulties in the near future.
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Income Statement | Q3 FY23 | Q3 FY22 |
---|---|---|
Net Sales ($mil) | 104.62 | 110.25 |
EBITDA ($mil) | 17.58 | 20.52 |
EBIT ($mil) | 13.12 | 16.19 |
Net Income ($mil) | 9.91 | 11.29 |
Balance Sheet | Q3 FY23 | Q3 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 102.4 | 87.0 |
Total Assets ($mil) | 401.21 | 386.65 |
Total Debt ($mil) | 10.95 | 14.13 |
Equity ($mil) | 347.63 | 321.42 |
Profitability | Q3 FY23 | Q3 FY22 |
---|---|---|
Gross Profit Margin | 33.44 | 34.3 |
EBITDA Margin | 16.79 | 18.61 |
Operating Margin | 12.54 | 14.68 |
Sales Turnover | 1.06 | 1.11 |
Return on Assets | 11.12 | 10.8 |
Return on Equity | 12.84 | 12.99 |
Debt | Q3 FY23 | Q3 FY22 |
---|---|---|
Current Ratio | 5.81 | 4.7 |
Debt/Capital | 0.03 | 0.04 |
Interest Expense | 0.0 | 0.0 |
Interest Coverage | 0.0 | 0.0 |
Share Data | Q3 FY23 | Q3 FY22 |
---|---|---|
Shares outstanding (mil) | 25.83 | 25.79 |
Div / share | 0.25 | 0.25 |
EPS | 0.38 | 0.44 |
Book value / share | 13.46 | 12.46 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 109964.0 | 70861.0 |
BUY. ENNIS INC's P/E ratio indicates a significant discount compared to an average of 45.69 for the Printing and Related Support Activities subsector and a significant discount compared to the S&P 500 average of 27.95. To use another comparison, its price-to-book ratio of 1.47 indicates a significant discount versus the S&P 500 average of 4.68 and a premium versus the subsector average of 1.27. The price-to-sales ratio is well below the S&P 500 average, but well above the subsector average.
Price/Earnings |
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Price/Cash Flow |
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EBF 11.52 | Peers 45.69 | EBF 7.84 | Peers 6.44 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. EBF is trading at a significant discount to its peers. |
Premium. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. EBF is trading at a premium to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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EBF NA | Peers 15.61 | EBF NM | Peers 0.07 | |||||||||||||||||||||
Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations. EBF is trading at a discount to its peers. |
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. EBF's negative PEG ratio makes this valuation measure meaningless. |
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Price/Book |
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Earnings Growth |
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EBF 1.47 | Peers 1.27 | EBF 6.17 | Peers 11.12 | |||||||||||||||||||||
Premium. A higher price-to-book ratio makes a stock less attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. EBF is trading at a premium to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, EBF is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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EBF 1.20 | Peers 0.64 | EBF -0.81 | Peers 3.62 | |||||||||||||||||||||
Premium. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. EBF is trading at a significant premium to its subsector. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. EBF significantly trails its peers on the basis of sales growth. |
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