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EnerSys
ENS Details
EnerSys (NYSE: ENS) provides stored energy solutions for industrial applications. Also, it manufactures and distributes energy systems solutions and motives power batteries, speciality batteries, battery chargers, power equipment, battery accessories and outdoor equipment to customers internationally.
Source: Company Reports, Analysis by Kalkine Group
Outlook
The company plans to take active pricing actions. It anticipates mixed benefits of the product as it is well-positioned to capitalize on solid market demand in exciting markets, driven by robust order book and price stickiness. For Q1FY23, adjusted diluted earnings per share are projected between $1.10-$1.20, while the gross margin is between 21-23%. For FY23, the company projects capital expenditure to be ~$100 million.
Key Risks
The company operates in a competitive industry and are subject to pricing pressures. Further, the government reviews, inquiries, investigations, and actions could harm the business or reputation. Reliance on third-party agreements and derivative instruments could adversely impact the company’s business. The operating results could be affected by changes in the cost and availability of raw materials.
Valuation Methodology: EV/Sales Based Relative Valuation (Illustrative)
Technical Overview:
Daily Price Chart
Source: REFINITIV, Note: Purple color line reflects Relative Strength Index (14-Period)
Stock Recommendation
Markets are trading in a highly volatile zone currently due to certain macro-economic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.
EnerSys (ENS) is a part of Kalkine’s Global Fully Charged Product
Note 1: The reference data in this report has been partly sourced from REFINITIV.
Note 2: Investment decisions should be made depending on the investors’ appetite on upside potential, risks, holding duration, and any previous holdings. Investors can consider exiting from the stock if the Target Price mentioned as per the analysis has been achieved and subject to the factors discussed above alongside support levels provided.
Technical Indicators Defined:-
Support: A level where-in the stock prices tend to find support if they are falling, and downtrend may take a pause backed by demand or buying interest.
Resistance: A level where-in the stock prices tend to find resistance when they are rising, and uptrend may take a pause due to profit booking or selling interest.
Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices
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