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1. Company Snapshot

1.a. Company Description

Ennis, Inc.designs, manufactures, and sells business forms and other business products in the United States.The company offers snap sets, continuous forms, laser cut sheets, tags, labels, envelopes, integrated products, jumbo rolls, and pressure sensitive products under the Ennis, Royal Business Forms, Block Graphics, Specialized Printed Forms, 360º Custom Labels, ColorWorx, Enfusion, Uncompromised Check Solutions, VersaSeal, Ad Concepts, FormSource Limited, Star Award Ribbon Company, Witt Printing, B&D Litho, Genforms, PrintGraphics, Calibrated Forms, PrintXcel, Printegra, Falcon Business Forms, Forms Manufacturers, Mutual Graphics, TRI-C Business Forms, Major Business Systems, Independent Printing, Hoosier Data Forms, Hayes Graphics, Wright Business Graphics, Wright 360, Integrated Print & Graphics, the Flesh Company, Impressions Direct, Ace Forms, and AmeriPrint brands.


It also provides point of purchase advertising for large franchise and fast-food chains, as well as kitting and fulfillment under the Adams McClure brand name; and presentation and document folders under the Admore, Folder Express, and Independent Folders brands.In addition, the company offers custom printed, high performance labels, and custom and stock tags under the Ennis Tag & Label brand name; custom and stock tags and labels under the Allen-Bailey Tag & Label, Atlas Tag & Label, Kay Toledo Tag, and Special Service Partners brands; custom and imprinted envelopes under the Trade Envelopes, Block Graphics, Wisco, and National Imprint Corporation brands; and financial and security documents under the Northstar and General Financial Supply, and Infoseal brands.It distributes business products and forms through independent distributors.


The company was formerly known as Ennis Business Forms, Inc.Ennis, Inc.was incorporated in 1909 and is headquartered in Midlothian, Texas.

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1.b. Last Insights on EBF

Ennis, Inc.'s recent financial results highlight a decrease in revenue to $99.8 million, a 4.6% decline from the same quarter last year. However, the company reported a slight increase in earnings per diluted share to $0.39. Notably, Ennis has maintained its track record of 205 consecutive quarters of dividend payments, indicating a commitment to shareholder value. Additionally, the company's dominance in the trade printing market, combined with favorable pricing power and significant barriers to entry, supports its strong financial position.

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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68 Graham Value All-Star (GVAS) November Dividend Dogs Show 27 'Safer' And 17 Ideal Buys

Dec -02

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Ennis Acquires CFC Print & Mail

Nov -17

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Ennis, Inc. Reports Results for the Quarter Ended August 31, 2025 and Declares Quarterly Dividend

Sep -22

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July's 5 Dividend Growth Stocks With Yields Up To 7.96%

Jul -18

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Ennis, Inc. Reports Results for the Quarter Ended May 31, 2025 and Declares Quarterly Dividend

Jun -23

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Ennis: Stable Dividend Payer In A Declining Industry

Jun -05

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Ennis, Inc. Reports That Director Michael Schaefer Will Not Be Nominated for Re-election

May -06

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Out Of 70 Graham Value All-Stars, These 16 'Safer' Stocks Stand Out For April

Apr -24

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (4.63%)

6. Segments

Business Forms and Other Printed Products

Expected Growth: 4.63%

Ennis, Inc.'s 4.63% growth in Business Forms and Other Printed Products is driven by increasing demand for customized business forms, labels, and tags, as well as growing adoption of digital printing technologies. Additionally, strategic acquisitions and expansion into new markets have contributed to the segment's growth.

7. Detailed Products

Apparel

Ennis, Inc. offers a wide range of apparel products, including uniforms, workwear, and promotional products, catering to various industries such as healthcare, hospitality, and food service.

Printed Products

Ennis, Inc. provides a variety of printed products, including business forms, labels, tags, and commercial printing, serving industries such as retail, manufacturing, and healthcare.

Packaging Solutions

Ennis, Inc. offers customized packaging solutions, including boxes, bags, and specialty packaging, catering to industries such as e-commerce, food service, and pharmaceuticals.

Labels and Tags

Ennis, Inc. provides a wide range of labels and tags, including barcode labels, RFID labels, and custom tags, serving industries such as retail, manufacturing, and logistics.

Commercial Print

Ennis, Inc. offers commercial printing services, including brochures, flyers, and business cards, catering to industries such as finance, real estate, and healthcare.

8. Ennis, Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for Ennis, Inc. is moderate due to the availability of alternative products in the market.

Bargaining Power Of Customers

The bargaining power of customers is high due to the concentration of buyers in the market, giving them significant negotiating power.

Bargaining Power Of Suppliers

The bargaining power of suppliers is low due to the availability of multiple suppliers in the market, reducing their negotiating power.

Threat Of New Entrants

The threat of new entrants is moderate due to the moderate barriers to entry in the industry, making it possible for new companies to enter the market.

Intensity Of Rivalry

The intensity of rivalry is high due to the high competition among existing companies in the market, leading to a competitive market environment.

9. SWOT Analysis

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 2.66%
Debt Cost 6.12%
Equity Weight 97.34%
Equity Cost 6.12%
WACC 6.12%
Leverage 2.74%

11. Quality Control: Ennis, Inc. passed 6 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Ennis

A-Score: 6.7/10

Value: 7.2

Growth: 4.1

Quality: 7.2

Yield: 10.0

Momentum: 2.5

Volatility: 9.0

1-Year Total Return ->

Stock-Card
REV Group

A-Score: 5.8/10

Value: 4.1

Growth: 6.2

Quality: 6.3

Yield: 4.0

Momentum: 10.0

Volatility: 4.0

1-Year Total Return ->

Stock-Card
HNI

A-Score: 5.7/10

Value: 7.3

Growth: 4.6

Quality: 5.6

Yield: 6.0

Momentum: 3.0

Volatility: 7.7

1-Year Total Return ->

Stock-Card
ACCO Brands

A-Score: 5.6/10

Value: 9.2

Growth: 1.8

Quality: 5.6

Yield: 9.0

Momentum: 2.5

Volatility: 5.3

1-Year Total Return ->

Stock-Card
Steelcase

A-Score: 5.5/10

Value: 6.9

Growth: 4.6

Quality: 4.5

Yield: 7.0

Momentum: 8.0

Volatility: 2.0

1-Year Total Return ->

Stock-Card
Apogee Enterprises

A-Score: 4.7/10

Value: 6.3

Growth: 6.1

Quality: 4.7

Yield: 5.0

Momentum: 0.5

Volatility: 5.7

1-Year Total Return ->

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

17.79$

Current Price

17.79$

Potential

-0.00%

Expected Cash-Flows