NYSE · SPB

Spectrum Brands Holdings, Inc.

Consumer Defensive · Household & Personal Products

$87.94▲ 3.19% ($2.72)today

As of 11:28 AM ET

52-week

$49.99$99.06

Market cap

$2.04B

What the market price implies · Reverse DCF

To support a price of $87.94, this model requires revenue to grow by -8.77%/yr over the next 10 years, compounded annually.

Historical revenue grew by -1.62%/yr over the past 4 years. The required annual growth rate is 7.16 percentage points lower.

Selected forecast · Base scenario

0.86%/yr · actual 10-year annualized revenue growth

Year 1 growth: 0.28%

Market-implied · Base operating assumptions + edited margins

-8.77%/yr · flat 10-year annualized revenue growth

Reverse DCF solves revenue growth itself using Base operating assumptions and your edited margins. Changing forecast growth alone does not change the implied rate. This is a model-implied requirement, not an analyst forecast.

Valuation

Recommended · Revenue & margin DCF

Price used

$87.94

Estimated value / share

$184.57

Base scenario

This estimate is 109.89% above the price used.

USD · TTM ending 2026-06-28

Year 1 growth 0.28% · Ending margin 11.31% · Discount rate 7.32%

Assumption scenarios, not statistical confidence intervals.

Method, dates & sources

Estimated from future revenue, operating margins, and the investment needed to support them.

Price timestamp: Sep 22, 2026, 3:28 PM UTC
Financial statement period: TTM ending 2026-06-28
Data refreshed: Sep 22, 2026, 3:28 PM UTC · provider

Why this method?

There is not a stable run of positive FCFF to anchor a direct cash-flow CAGR, so the model should start from revenue and margin assumptions instead.

Is FCFF positive and has it been for 3+ consecutive years? Only 2 consecutive positive FCFF years are available.

Price vs Fundamentals

Why The Stock Is Moving

Fundamentals are supporting the moveHigh confidence

1Y Price: 68.27%Revenue (TTM): 0.82%FCF (TTM): 288.28%P/FCF: 38th pct

What changed

The stock rose 68.27% over the last year. Revenue grew 0.82% over the trailing twelve months. Operating margin moved from 4.12% to 8.31%. Free cash flow grew 288.28% over the trailing twelve months.

What the market seems to be pricing

The stock move broadly lines up with stronger business momentum, and the shares are still only around the 38th percentile of their historical P/FCF range.

What would invalidate this read

Operating margin is at 8.31%. Revenue grew 0.82% — this thesis depends on that trajectory holding. If revenue growth, margins, or free cash flow roll over while the stock keeps climbing, more of the move would be coming from multiple expansion than business progress.

Performance

Return analysis

Company profile

Spectrum Brands Holdings, Inc. is a worldwide enterprise specializing in a diverse array of consumer brands.

CEODavid Maura

SectorConsumer Defensive

IndustryHousehold & Personal Products

Employees3,000

IPO dateJan 2, 1979

https://www.spectrumbrands.com

Market multiples

Forward P/E—

EV/EBITDA8.74

Enterprise value$1.88B

Stock splits

Jul 16, 2018↓ Reverse

Every 500 shares became 81

-84%

Apr 7, 2005↑ Forward

Every 1 shares became 8

+700%

Jan 31, 2001↓ Reverse

Every 10 shares became 1

-90%

May 3, 1994↓ Reverse

Every 5 shares became 1

-80%

Jan 16, 1981↑ Forward

Every 1 shares became 2

+100%

Oct 15, 1979↑ Forward

Every 50 shares became 51

+2%

Jul 9, 1979↑ Forward

Every 50 shares became 51

+2%

Apr 6, 1979↑ Forward

Every 50 shares became 51

+2%

Profitability & growth

Revenue growth7.68%

Gross margin (FY2025)36.74%▼0.7ppvs FY2024

Operating margin (FY2025)4.45%▼1.3ppvs FY2024

ROE4.26%▼0.7ppvs FY2025

Analyst consensus

RatingBuy

Target price$97.60▲10.98%

Buy

Hold

Sell

Analyst ratings tend to be lagging indicators. Use as one signal among many.

Earnings

Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.

Next report

Nov 13, 2026

Q4 FY26 · EPS est $0.91 · Revenue est $721.88M

View

Dividends

$1.88/shareQuarterly8yr growth streakSafe

SPB pays a dividend with a 2.14% dividend yield, 8 consecutive years of growth, growing at 2.28% annually, covered 3.4× by free cash flow.

Dividend Yield

2.14%

Annual Div / Share

$1.88

5yr CAGR

+2.28%

Doubles every ~30.8yr

Payout Ratio

55.08%

Safe

Dividend Growth Rate

3yr CAGR

+3.82%

5yr CAGR

+2.28%

10yr CAGR

+2.15%

Dividend Safety

9/10Safe

Dividend History

Annualized dividend cycles per share

YearAnnual DivYoY

2026$1.88+0.0%

2025$1.88+11.9%

2024$1.68+0.0%

2023$1.68+0.0%

2022$1.68+0.0%

2021$1.68+0.0%

2020$1.68+0.0%

Income Projection

Invest

USD

Growth rate:

Reinvest dividends

Today

$21/yr

$2/mo

In 5 yrs

$24/yr+12%

$2/mo

In 10 yrs

$27/yr+25%

$2/mo

Today	In 5 yrs	In 10 yrs
$21/yr $2/mo	$24/yr+12% $2/mo	$27/yr+25% $2/mo

Yield-on-cost grows from 2.14% → 2.68% over 10yr

Analysis

Dividend Strengths

Well-covered by free cash flow

The dividend is covered 3.4× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.

Risks to Watch

No strong risk signal stands out from the latest period pair.

NYSE · SPB

Spectrum Brands Holdings, Inc.

Consumer Defensive · Household & Personal Products

$87.94▲ 3.19% ($2.72)today

As of 11:28 AM ET

52-week

$49.99$99.06

Market cap

$2.04B

What the market price implies · Reverse DCF

To support a price of $87.94, this model requires revenue to grow by -8.77%/yr over the next 10 years, compounded annually.

Historical revenue grew by -1.62%/yr over the past 4 years. The required annual growth rate is 7.16 percentage points lower.

Selected forecast · Base scenario

0.86%/yr · actual 10-year annualized revenue growth

Year 1 growth: 0.28%

Market-implied · Base operating assumptions + edited margins

-8.77%/yr · flat 10-year annualized revenue growth

Valuation

Recommended · Revenue & margin DCF

Price used

$87.94

Estimated value / share

$184.57

Base scenario

This estimate is 109.89% above the price used.

USD · TTM ending 2026-06-28

Year 1 growth 0.28% · Ending margin 11.31% · Discount rate 7.32%

Assumption scenarios, not statistical confidence intervals.

Method, dates & sources

Estimated from future revenue, operating margins, and the investment needed to support them.

Price timestamp: Sep 22, 2026, 3:28 PM UTC
Financial statement period: TTM ending 2026-06-28
Data refreshed: Sep 22, 2026, 3:28 PM UTC · provider

Why this method?

There is not a stable run of positive FCFF to anchor a direct cash-flow CAGR, so the model should start from revenue and margin assumptions instead.

Is FCFF positive and has it been for 3+ consecutive years? Only 2 consecutive positive FCFF years are available.

Price vs Fundamentals

Why The Stock Is Moving

Fundamentals are supporting the moveHigh confidence

1Y Price: 68.27%Revenue (TTM): 0.82%FCF (TTM): 288.28%P/FCF: 38th pct

What changed

The stock rose 68.27% over the last year. Revenue grew 0.82% over the trailing twelve months. Operating margin moved from 4.12% to 8.31%. Free cash flow grew 288.28% over the trailing twelve months.

What the market seems to be pricing

The stock move broadly lines up with stronger business momentum, and the shares are still only around the 38th percentile of their historical P/FCF range.

What would invalidate this read

Performance

Return analysis

Company profile

Spectrum Brands Holdings, Inc. is a worldwide enterprise specializing in a diverse array of consumer brands.

CEODavid Maura

SectorConsumer Defensive

IndustryHousehold & Personal Products

Employees3,000

IPO dateJan 2, 1979

https://www.spectrumbrands.com

Market multiples

Forward P/E—

EV/EBITDA8.74

Enterprise value$1.88B

Stock splits

Jul 16, 2018↓ Reverse

Every 500 shares became 81

-84%

Apr 7, 2005↑ Forward

Every 1 shares became 8

+700%

Jan 31, 2001↓ Reverse

Every 10 shares became 1

-90%

May 3, 1994↓ Reverse

Every 5 shares became 1

-80%

Jan 16, 1981↑ Forward

Every 1 shares became 2

+100%

Oct 15, 1979↑ Forward

Every 50 shares became 51

+2%

Jul 9, 1979↑ Forward

Every 50 shares became 51

+2%

Apr 6, 1979↑ Forward

Every 50 shares became 51

+2%

Profitability & growth

Revenue growth7.68%

Gross margin (FY2025)36.74%▼0.7ppvs FY2024

Operating margin (FY2025)4.45%▼1.3ppvs FY2024

ROE4.26%▼0.7ppvs FY2025

Analyst consensus

RatingBuy

Target price$97.60▲10.98%

Buy

Hold

Sell

Analyst ratings tend to be lagging indicators. Use as one signal among many.

Earnings

Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.

Next report

Nov 13, 2026

Q4 FY26 · EPS est $0.91 · Revenue est $721.88M

View

Dividends

$1.88/shareQuarterly8yr growth streakSafe

SPB pays a dividend with a 2.14% dividend yield, 8 consecutive years of growth, growing at 2.28% annually, covered 3.4× by free cash flow.

Dividend Yield

2.14%

Annual Div / Share

$1.88

5yr CAGR

+2.28%

Doubles every ~30.8yr

Payout Ratio

55.08%

Safe

Dividend Growth Rate

3yr CAGR

+3.82%

5yr CAGR

+2.28%

10yr CAGR

+2.15%

Dividend Safety

9/10Safe

Dividend History

Annualized dividend cycles per share

YearAnnual DivYoY

2026$1.88+0.0%

2025$1.88+11.9%

2024$1.68+0.0%

2023$1.68+0.0%

2022$1.68+0.0%

2021$1.68+0.0%

2020$1.68+0.0%

Income Projection

Invest

USD

Growth rate:

Reinvest dividends

Today

$21/yr

$2/mo

In 5 yrs

$24/yr+12%

$2/mo

In 10 yrs

$27/yr+25%

$2/mo

Today	In 5 yrs	In 10 yrs
$21/yr $2/mo	$24/yr+12% $2/mo	$27/yr+25% $2/mo

Yield-on-cost grows from 2.14% → 2.68% over 10yr

Analysis

Dividend Strengths

Well-covered by free cash flow

The dividend is covered 3.4× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.

Risks to Watch

No strong risk signal stands out from the latest period pair.