ULTRALIFE CORP (ULBI) Stock Fundamental Analysis
NASDAQ:ULBI - Nasdaq - US9038991025 - Common Stock - Currency: USD
Overall ULBI gets a fundamental rating of 5 out of 10. We evaluated ULBI against 93 industry peers in the Electrical Equipment industry. ULBI has an average financial health and profitability rating. ULBI is valued quite cheap, while showing a decent growth score. This is a good combination! These ratings could make ULBI a good candidate for value investing.
1. Profitability
1.1 Basic Checks
ULBI had positive earnings in the past year.
In the past year ULBI had a positive cash flow from operations.
In multiple years ULBI reported negative net income over the last 5 years.
ULBI had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 2.36%, ULBI is in the better half of the industry, outperforming 76.34% of the companies in the same industry.
Looking at the Return On Equity, with a value of 3.88%, ULBI is in the better half of the industry, outperforming 76.34% of the companies in the same industry.
ULBI has a Return On Invested Capital of 4.34%. This is in the better half of the industry: ULBI outperforms 70.97% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for ULBI is significantly below the industry average of 9.89%.
The last Return On Invested Capital (4.34%) for ULBI is above the 3 year average (3.14%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.36% | ||
| ROE | 3.88% | ||
| ROIC | 4.34% |
ROA(3y)2.28%
ROA(5y)2.1%
ROE(3y)3.46%
ROE(5y)2.93%
ROIC(3y)3.14%
ROIC(5y)N/A
1.3 Margins
ULBI has a Profit Margin of 3.05%. This is in the better half of the industry: ULBI outperforms 74.19% of its industry peers.
ULBI's Profit Margin has declined in the last couple of years.
ULBI has a Operating Margin of 6.19%. This is in the better half of the industry: ULBI outperforms 77.42% of its industry peers.
ULBI's Operating Margin has been stable in the last couple of years.
ULBI has a Gross Margin of 25.16%. This is comparable to the rest of the industry: ULBI outperforms 54.84% of its industry peers.
ULBI's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.19% | ||
| PM (TTM) | 3.05% | ||
| GM | 25.16% |
OM growth 3YN/A
OM growth 5Y-0.24%
PM growth 3YN/A
PM growth 5Y-4.65%
GM growth 3Y0.93%
GM growth 5Y-2.51%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so ULBI is destroying value.
ULBI has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, ULBI has more shares outstanding
The debt/assets ratio for ULBI is higher compared to a year ago.
2.2 Solvency
ULBI has an Altman-Z score of 2.10. This is not the best score and indicates that ULBI is in the grey zone with still only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.10, ULBI is in line with its industry, outperforming 59.14% of the companies in the same industry.
The Debt to FCF ratio of ULBI is 3.04, which is a good value as it means it would take ULBI, 3.04 years of fcf income to pay off all of its debts.
ULBI has a better Debt to FCF ratio (3.04) than 77.42% of its industry peers.
ULBI has a Debt/Equity ratio of 0.37. This is a healthy value indicating a solid balance between debt and equity.
With a Debt to Equity ratio value of 0.37, ULBI perfoms like the industry average, outperforming 52.69% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.37 | ||
| Debt/FCF | 3.04 | ||
| Altman-Z | 2.1 |
ROIC/WACC0.55
WACC7.9%
2.3 Liquidity
A Current Ratio of 3.22 indicates that ULBI has no problem at all paying its short term obligations.
ULBI has a better Current ratio (3.22) than 78.49% of its industry peers.
A Quick Ratio of 1.70 indicates that ULBI should not have too much problems paying its short term obligations.
ULBI has a better Quick ratio (1.70) than 64.52% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.22 | ||
| Quick Ratio | 1.7 |
3. Growth
3.1 Past
The earnings per share for ULBI have decreased strongly by -51.28% in the last year.
The Earnings Per Share has been growing slightly by 3.31% on average over the past years.
The Revenue has been growing slightly by 2.74% in the past year.
ULBI shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 9.02% yearly.
EPS 1Y (TTM)-51.28%
EPS 3YN/A
EPS 5Y3.31%
EPS Q2Q%-38.1%
Revenue 1Y (TTM)2.74%
Revenue growth 3Y18.71%
Revenue growth 5Y9.02%
Sales Q2Q%21.03%
3.2 Future
The Earnings Per Share is expected to grow by 43.60% on average over the next years. This is a very strong growth
Based on estimates for the next years, ULBI will show a quite strong growth in Revenue. The Revenue will grow by 18.34% on average per year.
EPS Next Y68.52%
EPS Next 2Y43.6%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year31.82%
Revenue Next 2Y18.34%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 22.87, the valuation of ULBI can be described as rather expensive.
80.65% of the companies in the same industry are more expensive than ULBI, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 27.50, ULBI is valued at the same level.
With a Price/Forward Earnings ratio of 9.16, the valuation of ULBI can be described as very reasonable.
Based on the Price/Forward Earnings ratio, ULBI is valued cheaply inside the industry as 93.55% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of ULBI to the average of the S&P500 Index (36.44), we can say ULBI is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.87 | ||
| Fwd PE | 9.16 |
4.2 Price Multiples
88.17% of the companies in the same industry are more expensive than ULBI, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, ULBI is valued cheaply inside the industry as 95.70% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.2 | ||
| EV/EBITDA | 12.41 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as ULBI's earnings are expected to grow with 43.60% in the coming years.
PEG (NY)0.33
PEG (5Y)6.92
EPS Next 2Y43.6%
EPS Next 3YN/A
5. Dividend
5.1 Amount
ULBI does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
8.69
-0.14 (-1.59%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)
Earnings (Next)
Inst Owners73.67%
Inst Owner Change-0.03%
Ins Owners3.16%
Ins Owner Change1.44%
Market Cap144.51M
Analysts82.86
Price Target14.28 (64.33%)
Short Float %1.07%
Short Ratio1.39
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-54.25%
Min EPS beat(2)-93.46%
Max EPS beat(2)-15.03%
EPS beat(4)1
Avg EPS beat(4)-36.27%
Min EPS beat(4)-93.46%
Max EPS beat(4)54.06%
EPS beat(8)4
Avg EPS beat(8)83.21%
EPS beat(12)6
Avg EPS beat(12)64.09%
EPS beat(16)7
Avg EPS beat(16)37.99%
Revenue beat(2)2
Avg Revenue beat(2)5.56%
Min Revenue beat(2)3.65%
Max Revenue beat(2)7.48%
Revenue beat(4)3
Avg Revenue beat(4)-1.79%
Min Revenue beat(4)-18.62%
Max Revenue beat(4)7.48%
Revenue beat(8)6
Avg Revenue beat(8)5.23%
Revenue beat(12)8
Avg Revenue beat(12)4.34%
Revenue beat(16)10
Avg Revenue beat(16)3.05%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-33.33%
EPS NY rev (1m)0%
EPS NY rev (3m)-17.39%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-6.42%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-3.11%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.87 | ||
| Fwd PE | 9.16 | ||
| P/S | 0.83 | ||
| P/FCF | 8.2 | ||
| P/OCF | 7.2 | ||
| P/B | 1.06 | ||
| P/tB | 2.15 | ||
| EV/EBITDA | 12.41 |
EPS(TTM)0.38
EY4.37%
EPS(NY)0.95
Fwd EY10.92%
FCF(TTM)1.06
FCFY12.2%
OCF(TTM)1.21
OCFY13.9%
SpS10.42
BVpS8.2
TBVpS4.03
PEG (NY)0.33
PEG (5Y)6.92
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.36% | ||
| ROE | 3.88% | ||
| ROCE | 5.58% | ||
| ROIC | 4.34% | ||
| ROICexc | 4.55% | ||
| ROICexgc | 7.31% | ||
| OM | 6.19% | ||
| PM (TTM) | 3.05% | ||
| GM | 25.16% | ||
| FCFM | 10.17% |
ROA(3y)2.28%
ROA(5y)2.1%
ROE(3y)3.46%
ROE(5y)2.93%
ROIC(3y)3.14%
ROIC(5y)N/A
ROICexc(3y)3.31%
ROICexc(5y)N/A
ROICexgc(3y)5.27%
ROICexgc(5y)N/A
ROCE(3y)4.03%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5Y2.06%
ROICexc growth 3YN/A
ROICexc growth 5Y-0.19%
OM growth 3YN/A
OM growth 5Y-0.24%
PM growth 3YN/A
PM growth 5Y-4.65%
GM growth 3Y0.93%
GM growth 5Y-2.51%
F-Score3
Asset Turnover0.77
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.37 | ||
| Debt/FCF | 3.04 | ||
| Debt/EBITDA | 3.31 | ||
| Cap/Depr | 54.03% | ||
| Cap/Sales | 1.42% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 131.58% | ||
| Profit Quality | 333.52% | ||
| Current Ratio | 3.22 | ||
| Quick Ratio | 1.7 | ||
| Altman-Z | 2.1 |
F-Score3
WACC7.9%
ROIC/WACC0.55
Cap/Depr(3y)49.8%
Cap/Depr(5y)66.84%
Cap/Sales(3y)1.35%
Cap/Sales(5y)1.96%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-51.28%
EPS 3YN/A
EPS 5Y3.31%
EPS Q2Q%-38.1%
EPS Next Y68.52%
EPS Next 2Y43.6%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)2.74%
Revenue growth 3Y18.71%
Revenue growth 5Y9.02%
Sales Q2Q%21.03%
Revenue Next Year31.82%
Revenue Next 2Y18.34%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-20.72%
EBIT growth 3YN/A
EBIT growth 5Y8.76%
EBIT Next Year101.77%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y1545.08%
FCF growth 3Y113.07%
FCF growth 5YN/A
OCF growth 1Y3304.24%
OCF growth 3Y56.62%
OCF growth 5YN/A