Ennis
EBF on NYSE. Ennis sells forms, labels, tags, and envelopes to distributors in the United States. Market value $571m.
Price checks use the past 12 months to August 2026. Quality checks use five annual reports, the latest for the year to February 2026.
We can't read total debt from the filing, so debt is left out.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
What to watch out for
See Media & telecom stocks that passed both tests
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $10.09 of spare cash in the past 12 months. A savings account pays about $4.
The filings do not give us enough to work this out.
The filings do not give us enough to work this out.
Quality score: 65 of 100. Price score: 83 of 100. Our list needs 70 on quality and 60 on price.
$22.56 a share, 38% above its 1-year low
Over the past year the price has ranged from $16.30 to $22.94.
Dividend: 4.5% a year
Paid every year for at least 5 years
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $400m | $432m | $420m | $395m | $392m |
| Operating margin | |||||
| Operating margin | 10.9% | 15.3% | 13.4% | 13.2% | 13.4% |
| Debt to equity | |||||
| Debt to equity | n/a | n/a | n/a | n/a | n/a |
| Shares outstanding | |||||
| Shares outstanding | 0.03bn | 0.03bn | 0.03bn | 0.03bn | 0.03bn |
Health checks
- Free cash flow positive5 of 5 years
- Accounting looks honest (Beneish)Not enough data
- Financial strength (Piotroski)5 of 7 checks we could run
- Profit backed by cash (accruals)Yes
- DebtUnknown
- Revenue growth, five yearsSlow, 1.9% a year
- Buying back its own sharesYes, 2% fewer since 2022
The quarter to August 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $102 million last quarter, up 3% on a year ago.
- Profit: $9 million, down 29% on a year ago.
- It keeps 14 cents of each $1 of sales as operating profit, up from 13 cents a year earlier.
- Spare cash over the past 12 months: $58 million, up from $44 million.
- 2% fewer shares than a year ago. Each share owns a bit more of the company.
- Sales grew on a year ago in each of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| November 2024 | $100m |
| February 2025 | $93m |
| May 2025 | $97m |
| August 2025 | $99m |
| November 2025 | $100m |
| February 2026 | $96m |
| May 2026 | $99m |
| August 2026 | $102m |
| Quarter to | Amount |
|---|---|
| November 2024 | $10m |
| February 2025 | $9m |
| May 2025 | $10m |
| August 2025 | $13m |
| November 2025 | $11m |
| February 2026 | $9m |
| May 2026 | $10m |
| August 2026 | $9m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 8 May 2026
- Next quarterly (estimated, 10-Q)
- 4 January 2027
Who owns it
5 long-term investors we follow own it, unchanged from 5 last quarter. 165 funds in all.
- LSV Asset ManagementJosef Lakonishok
- Value
- $11m
- Share of fund
- <0.1%
- Hotchkis & WileyHotchkis & Wiley team
- Value
- $4m
- Share of fund
- <0.1%
- Polaris Capital ManagementBernard Horn
- Value
- $2m
- Share of fund
- 0.2%
- Barrow HanleyBarrow Hanley team
- Value
- $3,485
- Share of fund
- <0.1%
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| Royce & AssociatesChuck Royce | $21m | 0.2% | Cut |
| LSV Asset ManagementJosef Lakonishok | $11m | <0.1% | |
| Hotchkis & WileyHotchkis & Wiley team | $4m | <0.1% | |
| Polaris Capital ManagementBernard Horn | $2m | 0.2% | |
| Barrow HanleyBarrow Hanley team | $3,485 | <0.1% |
Largest holders overall
- BlackRock$59mAdded
- Dimensional Fund Advisors LP$40m
- Allspring Global Investments Holdings$32mCut
- Renaissance Technologies$26mCut
- Vanguard Capital Management$23m
- Charles Schwab Investment Management$22mAdded
- Royce & Associates$21mCut
- Geode Capital Management$19mAdded
- American Century Companies$16mCut
- Mirae Asset Global Etfs Holdings$16mAdded
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
2 investors own more than 5%.
- BlackRock, Inc.Passive investor7.1%Since 30 September 2025
- Renaissance Technologies LLCPassive investorat least 4.9%(filed with 1 related holder)Since 30 June 2026
- Royce & AssociatesPassive investorSold down below 5%Since 31 March 2026
- The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
| Holder | Stake | Since | |
|---|---|---|---|
BlackRock, Inc. Passive investor | 7.1% | 30 September 2025 | |
Renaissance Technologies LLC Passive investor | at least 4.9% (filed with 1 related holder) | 30 June 2026 | |
Royce & Associates Passive investor | Sold down below 5% | 31 March 2026 | |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
In the last 12 months, 3 insiders bought $60,490 of shares on the open market.
- BREWER BOYNE WADEChief Operating OfficerBought
- Date
- 3 November 2025
- Shares
- 2,000
- Price
- $17.05
- Value
- $34,100
- GUS DANIELGeneral Counsel & SecretaryBought
- Date
- 31 October 2025
- Shares
- 600
- Price
- $16.47
- Value
- $9,880
- BURNETT VERACFO and TreasurerBought
- Date
- 31 October 2025
- Shares
- 1,000
- Price
- $16.51
- Value
- $16,510
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 3 November 2025 | BREWER BOYNE WADE Chief Operating Officer | Bought | 2,000 | $17.05 | $34,100 |
| 31 October 2025 | GUS DANIEL General Counsel & Secretary | Bought | 600 | $16.47 | $9,880 |
| 31 October 2025 | BURNETT VERA CFO and Treasurer | Bought | 1,000 | $16.51 | $16,510 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
Warning signs in its filings
Problems the company itself reported to the SEC, in its own words.
None of the warning signs we check for were found.
We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.
We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 8 May 2026, plus the 10-Q filed 5 Oct 2026 and 3 later 8-Ks.
A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.
What could go wrong
- Sales have barely grown: 1.9% a year.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.