Newell Brands Inc. (NWL) vs Spectrum Brands Holdings Inc. (SPB)

Newell Brands Inc. and Spectrum Brands Holdings Inc. are both Household & Personal Products companies. Newell Brands Inc. is the larger, with a market value of $2.4B against $2.0B — 1.2× the size. Newell Brands Inc. has negative trailing earnings, so its P/E is not meaningful; Spectrum Brands Holdings Inc. trades at 25.7×. Spectrum Brands Holdings Inc. grew revenue faster over the last twelve months: 0.82% against −2.04%. Spectrum Brands Holdings Inc. has the higher net margin (2.76% vs −3.05%) and the higher return on invested capital (3.28% vs 1.41%). Both pay a dividend; Newell Brands Inc. yields more (5.61% vs 1.96%). Across the 22 metrics below, Spectrum Brands Holdings Inc. leads on 19 and Newell Brands Inc. on 3.

Valuation

Metric NWL SPB Household & Personal Products median
P/E n/m 25.65 22.55
P/S 0.32 0.68 1.13
P/B 0.94 1.06 3.02
Price to free cash flow 19.57 6.73 17.73
EV/EBITDA 8.62 7.56 12.27
EV/Sales 0.98 0.81 1.26
Earnings yield (9.76%) 3.90% 0.27%
Free cash flow yield 5.11% 14.87% 4.03%

Profitability

Metric NWL SPB Household & Personal Products median
Gross margin 35.45% 39.65% 46.28%
Operating margin 2.26% 4.03% 0.79%
Net margin (3.05%) 2.76% 0.61%
Free cash flow margin 1.63% 10.15% 2.89%
Return on equity (8.59%) 4.24% 2.12%
Return on assets (1.96%) 2.23% 0.00%
Return on invested capital 1.41% 3.28% 0.00%

Growth

Metric NWL SPB Household & Personal Products median
Revenue growth (TTM) (2.04%) 0.82% 2.93%
EPS growth (last fiscal year) (30.77%) (5.85%) —
Revenue growth, 5-year CAGR (5.15%) 1.39% 2.03%
Net income growth, 5-year CAGR 0.00% 0.43% 0.00%

Health

Metric NWL SPB Household & Personal Products median
Debt to equity 2.04 0.33 0.46
Current ratio 1.11 2.41 1.64
Net debt to EBITDA 6.42 1.96 1.37

Dividend

Metric NWL SPB Household & Personal Products median
Dividend yield 5.61% 1.96% 1.96%
Payout ratio 0.68 4.80 0.49

Size

Metric NWL SPB Household & Personal Products median
Market cap 2.38b 1.95b 625.04m

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