Ennis, Inc. (EBF) Stock Analysis

Why this analysis is different

• A sector-relative MoonshotScore — five pillars (business quality, financial safety, valuation, growth durability, momentum) re-ranked nightly against the full universe of US-listed common stocks.
• An AI Council read across up to eight perspectives — value, macro, quantitative, and momentum lenses — that shows where they disagree instead of averaging the tension away.
• Figures come straight from FMP and Yahoo Finance filings data. The AI writes the narrative around the numbers — it never edits the numbers.

Ennis, Inc. (EBF) Industrial Operations Profile

Ennis, Inc. is a U.S.-based manufacturer of business forms and products, distributing through independent channels. With a history dating back to 1909, the company offers a diverse product line, including forms, labels, and envelopes, supported by a network of brands and a dividend yield of 4.84%.

What Is the Investment Thesis for EBF?

Ennis, Inc. presents a stable investment profile within the business equipment and supplies industry, supported by a consistent profit margin of 10.9% and a dividend yield of 4.84%. The company's extensive product portfolio and established distribution network provide a solid foundation for steady revenue generation. A key value driver is the company's ability to maintain operational efficiency, reflected in its gross margin of 30.7%. Growth catalysts include potential expansion into new product lines and strategic acquisitions to broaden market reach. However, investors may want to evaluate the potential risks associated with the mature nature of the business forms industry and the increasing adoption of digital solutions, which could impact long-term demand. The company's low beta of 0.32 suggests lower volatility compared to the broader market.

Based on FMP financials and quantitative analysis

EBF Key Highlights

Market capitalization of $536M, indicating a mid-sized company within the Industrials sector.

• P/E ratio of 12.60, suggesting a potentially undervalued stock compared to its earnings.
• Profit margin of 10.9%, reflecting efficient operations and cost management.
• Gross margin of 30.7%, demonstrating the company's ability to maintain profitability after accounting for the cost of goods sold.
• Dividend yield of 4.84%, offering a significant income stream for investors.

Who Are EBF's Competitors?

EBF is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.

AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance This table mixes two scoring engines — compare a number only with others carrying the same tag.

What Are EBF's Key Strengths?

Established distribution network.

• Diverse product portfolio.
• Strong brand recognition.
• Consistent profitability.

What Are EBF's Weaknesses?

Dependence on traditional business forms.

• Limited online presence.
• Exposure to cyclical economic conditions.
• Lack of significant international presence.

What Could Drive EBF Stock Higher?

Potential acquisitions of complementary businesses to expand product offerings.

• Continued focus on operational efficiency and cost management.
• Launch of new digital printing solutions to cater to changing market demands.
• Expansion of online presence and e-commerce capabilities.

What Are the Key Risks for EBF?

Inconsistent delivery — missed Wall Street EPS estimates in 3 of the last 8 reported quarters.

• Decline in demand for traditional business forms due to digital alternatives.
• Rising raw material costs impacting profitability.
• Economic downturns affecting overall business activity.
• Increasing competition from other manufacturers and suppliers.

What Are the Growth Opportunities for EBF?

• Expansion into digital printing solutions: Ennis can leverage its existing customer base and distribution network to offer digital printing services, catering to the increasing demand for customized and short-run print jobs. This would require investments in digital printing equipment and software, but could open up new revenue streams and offset the decline in traditional business forms. The market for digital printing is projected to grow at a rate of 5% annually over the next five years.
• Strategic acquisitions of complementary businesses: Ennis can pursue acquisitions of smaller companies in related industries, such as packaging or promotional products, to expand its product offerings and market reach. This would allow the company to cross-sell its existing products to new customers and diversify its revenue streams. The market for packaging and promotional products is estimated to be worth $200 billion annually.
• Focus on high-margin specialty products: Ennis can focus on developing and marketing high-margin specialty products, such as security documents, integrated labels, and custom tags. These products command higher prices and offer greater profitability compared to commodity business forms. The market for specialty printed products is growing at a rate of 3% annually.
• Enhance online presence and e-commerce capabilities: Ennis can improve its online presence and e-commerce capabilities to reach a wider range of customers and streamline the ordering process. This would involve developing a user-friendly website, offering online ordering and tracking, and investing in digital marketing. The market for online printing services is growing at a rate of 10% annually.
• Geographic expansion into new markets: Ennis can explore opportunities to expand its operations into new geographic markets, such as Canada or Mexico. This would allow the company to tap into new customer bases and diversify its revenue streams. The market for business forms and related products in North America is estimated to be worth $10 billion annually.

What Are EBF's Competitive Advantages?

• Established distribution network through independent distributors.
• Diverse product portfolio catering to various business needs.
• Long-standing history and brand recognition in the industry.
• Multiple brands targeting different market segments.

What Does EBF Do?

Ennis, Inc., incorporated in 1909 and headquartered in Midlothian, Texas, is a prominent designer, manufacturer, and seller of business forms and other business products across the United States. The company has evolved from its origins as Ennis Business Forms, Inc. to become a diversified supplier in the business products sector. Ennis offers a comprehensive suite of products, including snap sets, continuous forms, laser cut sheets, tags, labels, envelopes, integrated products, jumbo rolls, and pressure-sensitive products. These products are marketed under a variety of brand names, including 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, and many others. In addition to business forms, Ennis provides point-of-purchase advertising materials for large franchise and fast-food chains through its Adams McClure brand, as well as presentation and document folders under the Admore, Folder Express, and Independent Folders brands. The company also offers custom printed labels and tags under various brands like Ennis Tag & Label, Allen-Bailey Tag & Label, and Kay Toledo Tag. Ennis distributes its products through a network of independent distributors, reaching a broad customer base across various industries.

What Products and Services Does EBF Offer?

• Designs and manufactures business forms.
• Produces snap sets and continuous forms.
• Offers laser cut sheets, tags, and labels.
• Manufactures custom and imprinted envelopes.
• Provides integrated products and jumbo rolls.
• Sells pressure-sensitive products.
• Offers point-of-purchase advertising materials.
• Provides presentation and document folders.

How Does EBF Make Money?

• Manufactures a wide range of business forms and related products.
• Distributes products through a network of independent distributors.
• Generates revenue from the sale of business forms, labels, tags, and envelopes.
• Offers customized printing solutions for various industries.

What Industry Does EBF Operate In?

Ennis, Inc. operates within the business equipment and supplies industry, which is characterized by mature markets and increasing competition from digital alternatives. While the demand for traditional business forms has been declining, there remains a need for specialized printed products, labels, and tags. The industry is also seeing a shift towards customized and integrated solutions. Ennis's diverse product portfolio and established distribution network position it to adapt to these changing market dynamics. The company competes with other manufacturers and suppliers of business forms and related products, focusing on maintaining its market share through product innovation and customer service.

Who Are EBF's Key Customers?

• Independent distributors of business forms and products.
• Large franchise and fast-food chains.
• Businesses requiring custom printed labels and tags.
• Organizations needing financial and security documents.

Ennis, Inc. (EBF) Valuation Context

Valued at $536M, EBF is classified as a small-cap stock. Relative to its peer group, EBF's quantitative score of 87/100 is above the peer average of 55/100.

EBF Revenue & Earnings Trend

In Q1 FY2027, EBF generated $98.6M in top-line revenue, marking a sequential increase of 2.3%. The company recorded net income of $9.9M, with diluted EPS of $0.39. Quarter-over-quarter revenue has been mixed, typical for a small-cap company operating in Industrials. Across the four most recent quarters, EBF averaged $0.41 in diluted EPS.

Company Profile

Ennis, Inc. operates in the Specialty Business Services industry within the Industrials sector. It is headquartered in Midlothian, US. The company is led by CEO Keith S. Walters. EBF has traded publicly since 1980.

Return on equity for Ennis, Inc. stands at 13.9%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 11.7%, showing how much profit it generates from its asset base. EBF trades at a trailing price-to-earnings ratio of 12.60, below the Industrials sector average of ~28.00x. Its free cash flow yield is 7.6%, a gauge of the cash the business throws off relative to its market value. A current ratio of 3.53 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is 7.9%, the inverse of the P/E and a quick read on earnings relative to price.

Ennis, Inc.'s Piotroski F-Score is 8/9, a 9-point checklist of profitability, leverage and efficiency — signaling solid underlying fundamentals. Its Altman Z-Score of 8.82 places it in the safe zone, indicating low near-term bankruptcy risk.

Ennis, Inc. has missed Wall Street's EPS estimate in 3 of its last 8 reported quarters — a mixed record worth weighing. Reported results have landed about 1.4% above estimates on average.

Over the past six months, Ennis, Inc. insiders filed 18 SEC Form 4 transactions — 4 sales and 14 purchases. On net that is roughly 2K shares acquired (about $214K) — insiders putting money in tends to read as conviction.

EBF Financials

EBF Latest News

EBF Analyst Consensus

EBF MoonshotScore

Latest Ennis, Inc. Analysis

Ennis, Inc. Industrials Stock: Key Questions Answered

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

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