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DCF Valuation
Base-case fair value
$4.45
Intrinsic $5.94 · 25% MOS
Current price: $19.97
Base-case summary
Our base-case DCF for Energizer Holdings, Inc. (ENR) projects 10 years of free cash flow growth at 6.8% for years 1–5 and 3.4% for years 6–10, anchored to 6.8% historical FCF growth, then applies a 2.5% perpetual growth rate and a 8.0% discount rate. Starting from $159M in trailing free cash flow, this produces an intrinsic value of $5.94 per share. A 25% safety margin gives a fair value of $4.45, suggesting the stock is currently 78% overvalued against the $19.97 market price.
See 3 scenarios side by side
Conservative, Base, and Optimistic fair values, plus the sensitivity matrix and FCF history. Free account.
Model inputs
TTM Free Cash Flow
$159M
Cash & equivalents
$173M
Total debt
$3.5B
Shares outstanding
69M