ENS
EnerSys
Next earnings Aug 4, 2026 · consensus $2.85 EPS, $937M rev
Last earnings -1.3% on 2026-05-20
$206.68
▼ -7.79%$206.68▲ +139.89%
over 1Y
L $85.17H $243.06
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today-7.8%
1W-8.7%
1M-12.9%
3M+16.7%
YTD+37.5%
1Y+139.9%
Buy
Conviction
Horizon
Medium (3–12mo)
Street · 10 analysts
Buy
Steady industrial battery maker with surging cash flow and a $1.0B buyback, though a net-income dip tempers conviction.
Revenue $3.75B · FY2026
The read
The fundamentals carry the rating, but the price is rich (~68% above our fair-value estimate) — a quality-at-a-price call. The case rests on the business, not the entry; patient buyers may wait for a pullback.
EnerSys is a steady, cash-generative industrial battery and energy-systems company executing a clear capital-return strategy. FY2026 revenue grew 3.7% to $3.75B, extending a multi-year uptrend from $3.36B in FY2022, with a 29.3% gross margin and 15.4% return on equity. The standout was cash conversion: operating cash flow more than doubled, up 110.4% to $548M, while capital expenditures fell 33.8% to $80.1M — a combination that funds a substantial free-cash-flow stream and supports the buyback program.
Management leaned hard into repurchases, spending $371M on buybacks (up 140.8%) and shrinking the share count 6.8% to 36.5M, on top of a $38.1M dividend. The 10-K confirms an August 2025 authorization to repurchase up to $1.0 billion over five years, with roughly $876M still available as of March 31, 2026 — a large runway relative to the $8.32B market cap. The balance sheet is sound: $439M cash (up 27.8%), $1.08B long-term debt (essentially flat), liabilities/equity of just 1.10x, and retained earnings up 10.2% to $2.74B.
AI-generated analysis, produced by our proprietary engine from SEC filing data.
Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jun 21, 2026, 4:48 PM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.
Is ENS a buy? The one-page verdict, explained →
Financials · annual, by fiscal year
| Line item | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | $3.36B | $3.71B | $3.58B | $3.62B | $3.75B |
| Gross profit | $750M | $840M | $983M | $1.09B | $1.10B |
| Operating income | $206M | $278M | $352M | $465M | $426M |
| Net income | $144M | $176M | $269M | $364M | $294M |
| Diluted EPS | $3.36 | $4.25 | $6.50 | $8.99 | $7.70 |
| Net margin | 4.3% | 4.7% | 7.5% | 10.1% | 7.8% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$8.22B
EV / EBITDA15.2
EV / Sales2.2
EV / FCF17.6
P / FCF16.1
PEG (trailing)—
Earnings yield3.9%
FCF yield6.2%
Quality & risk
ROIC (est.)11.2%
Free cash flow$468M
Total debt$1.11B
Net cash-$670M
Altman Z-Score4.81 safe
Piotroski F-Score6/9
Capital returns
Buyback yield4.9%
Dividend yield (est.)0.5%
Shareholder yield5.4%
Shares Δ YoY-6.8%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRed flag in recent filings — material impairment (2026-03-25). Worth a closer look.
Recent filings
all on EDGAR ↗ARSPeriod ending 2026-03-312026-07-02open ↗DEFA14AFiling2026-07-02open ↗DEF 14APeriod ending 2026-08-062026-07-02open ↗4Period ending 2026-05-282026-06-01open ↗4Period ending 2026-05-292026-06-01open ↗SDFiling2026-05-29open ↗8-KPeriod ending 2026-05-282026-05-28open ↗4Period ending 2026-05-232026-05-27open ↗8-KPeriod ending 2026-05-202026-05-20open ↗10-KPeriod ending 2026-03-312026-05-20open ↗SCHEDULE 13GFiling2026-04-29open ↗SCHEDULE 13GFiling2026-04-29open ↗
Frequently asked
- Is EnerSys (ENS) a buy?
- ENS currently carries a Buy rating with 3/5 conviction, derived from its latest SEC filings. Steady industrial battery maker with surging cash flow and a $1.0B buyback, though a net-income dip tempers conviction.
- What is ENS's fair value?
- A Modified-Graham model based on ENS's SEC fundamentals estimates a fair value of about $65.45. It is an estimate from reported earnings, not a price target.
- Is ENS overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, ENS currently appears overvalued relative to its SEC-grounded earnings power.
- What is EnerSys's quality score?
- ENS scores 62.674613016310445/100 (grade C+) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001289308, latest 10-K filed 2026-05-20) · EODHD · Proprietary analysis · as of 6/21/2026, 8:48:06 PM.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.