# Ennis, Inc. (EBF) — Stock CV

Ennis, Inc. is a $560M consumer company. Revenue shrank 19.7% over the last year, it keeps 10¢ of every dollar of sales as profit, and it holds more cash than debt. It trades at 14.4× earnings — in the most expensive third of its own history.

> Ennis Inc is a trade printer company that manufactures a broad range of printed products throughout the United States. It is engaged in the business of manufacturing, designing, and selling business forms and other printed business products to distributors located in the United States.

## Identity

- **Ticker**: EBF
- **Sector**: Consumer Cyclical
- **Industry**: Manifold Business Forms
- **Headquarters**: MIDLOTHIAN, TX
- **Employees**: 1 835
- **Website**: https://www.ennis.com
- **Market cap**: $560M
- **Last price**: $22.12
- **Financial profile**: Strong

## Vitals (TTM)

- **Revenue**: $790M
- **Net income**: $81.7M
- **Free cash flow**: $117M
- **Net cash**: $50.7M
- **P/E**: 14.4
- **Revenue growth (YoY)**: -19.7%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 80 |
| Growth | 25 |
| Profitability | 56 |
| Health | 100 |
| Quality | 97 |
| Moat | 75 |

## Qualifications (beginner checklist) — 8 of 11 passed

- [ ] Revenue growing — -19.7% YoY
- [x] Profitable — $81.7M TTM
- [ ] Profit growing — -3.1% YoY
- [x] Generates cash — $117M TTM
- [x] Debt under control — more cash than debt
- [ ] Established company — $560M market cap
- [x] Not printing shares — -3.2% shares over ~5y
- [x] Proven track record — 12/12 profitable years
- [x] Financially stable — Altman Z 7.7 — safe
- [x] Pays a dividend — yield 4.59%
- [x] Valuation not extreme — P/E 14.4

## Experience (career milestones)

- **FY2023** — Best year on record: $118M net income
- **FY2016** — Profitable every year on record: 12 consecutive profitable years in our data
- **FY2016** — Revenue already above $1B: $1.46B in first reported year
- **FY2016** — Positive free cash flow every year since: 12-year streak

## Strengths

- Net cash position after subtracting debt from cash
- Interest covered 4661.4× by operating earnings
- Piotroski F-Score 7/9 — fundamentally strong checklist
- Altman Z-Score 7.74 — low bankruptcy-risk zone

## Watch-outs

- Revenue shrinking 19.7% year over year

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2023 | $1.09B | $118M | $106M |
| FY2024 | $1.07B | $109M | $161M |
| FY2025 | $996M | $102M | $147M |
| FY2026 | $983M | $109M | $109M |
| FY2027 | $299M | $29.1M | $55.0M |

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Source: https://stockcv.com/EBF — derived from company filings; may be delayed or incomplete. Information, not investment advice.