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 95 industry peers in the Electrical Equipment industry. ULBI has only an average score on both its financial health and profitability. 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.
ULBI had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: ULBI reported negative net income in multiple years.
Of the past 5 years ULBI 4 years had a positive operating cash flow.
1.2 Ratios
With a decent Return On Assets value of 2.36%, ULBI is doing good in the industry, outperforming 75.79% of the companies in the same industry.
ULBI has a better Return On Equity (3.88%) than 75.79% of its industry peers.
ULBI has a Return On Invested Capital of 4.34%. This is in the better half of the industry: ULBI outperforms 70.53% 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 10.11%.
The 3 year average ROIC (3.14%) for ULBI is below the current ROIC(4.34%), indicating increased profibility in the last year.
| 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
Looking at the Profit Margin, with a value of 3.05%, ULBI is in the better half of the industry, outperforming 73.68% of the companies in the same industry.
ULBI's Profit Margin has declined in the last couple of years.
The Operating Margin of ULBI (6.19%) is better than 76.84% of its industry peers.
In the last couple of years the Operating Margin of ULBI has remained more or less at the same level.
Looking at the Gross Margin, with a value of 25.16%, ULBI is in line with its industry, outperforming 56.84% of the companies in the same industry.
In the last couple of years the Gross Margin of ULBI has declined.
| 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.
ULBI has more shares outstanding than it did 5 years ago.
ULBI has a worse debt/assets ratio than last year.
2.2 Solvency
ULBI has an Altman-Z score of 1.87. 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.
ULBI has a Altman-Z score (1.87) which is comparable to the rest of the industry.
ULBI has a debt to FCF ratio of 3.04. This is a good value and a sign of high solvency as ULBI would need 3.04 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 3.04, ULBI is doing good in the industry, outperforming 76.84% of the companies in the same industry.
A Debt/Equity ratio of 0.37 indicates that ULBI is not too dependend on debt financing.
With a Debt to Equity ratio value of 0.37, ULBI perfoms like the industry average, outperforming 52.63% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.37 | ||
| Debt/FCF | 3.04 | ||
| Altman-Z | 1.87 |
ROIC/WACC0.57
WACC7.61%
2.3 Liquidity
ULBI has a Current Ratio of 3.22. This indicates that ULBI is financially healthy and has no problem in meeting its short term obligations.
ULBI has a better Current ratio (3.22) than 77.89% of its industry peers.
ULBI has a Quick Ratio of 1.70. This is a normal value and indicates that ULBI is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.70, ULBI is in the better half of the industry, outperforming 64.21% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.22 | ||
| Quick Ratio | 1.7 |
3. Growth
3.1 Past
ULBI shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -51.28%.
ULBI shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 3.31% yearly.
ULBI shows a small growth in Revenue. In the last year, the Revenue has grown by 2.74%.
The Revenue has been growing by 9.02% on average over the past years. This is quite good.
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
The Revenue is expected to grow by 18.34% on average over the next years. This is quite good.
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.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 17.55, the valuation of ULBI can be described as rather expensive.
ULBI's Price/Earnings ratio is a bit cheaper when compared to the industry. ULBI is cheaper than 80.00% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 26.25. ULBI is valued slightly cheaper when compared to this.
ULBI is valuated cheaply with a Price/Forward Earnings ratio of 7.03.
Based on the Price/Forward Earnings ratio, ULBI is valued cheaply inside the industry as 96.84% of the companies are valued more expensively.
ULBI's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.15.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.55 | ||
| Fwd PE | 7.03 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ULBI indicates a rather cheap valuation: ULBI is cheaper than 88.42% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, ULBI is valued cheaply inside the industry as 95.79% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.29 | ||
| EV/EBITDA | 10.21 |
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.
ULBI's earnings are expected to grow with 43.60% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.26
PEG (5Y)5.31
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 |
6.67
+0.01 (+0.15%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)
Earnings (Next)
Inst Owners75.44%
Inst Owner Change-4.88%
Ins Owners3.08%
Ins Owner Change1.28%
Market Cap110.92M
Analysts82.86
Price Target14.28 (114.09%)
Short Float %1.77%
Short Ratio4.3
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)-33.33%
EPS NQ rev (3m)-33.33%
EPS NY rev (1m)-17.39%
EPS NY rev (3m)-17.39%
Revenue NQ rev (1m)-6.42%
Revenue NQ rev (3m)-6.42%
Revenue NY rev (1m)-3.11%
Revenue NY rev (3m)-3.11%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.55 | ||
| Fwd PE | 7.03 | ||
| P/S | 0.64 | ||
| P/FCF | 6.29 | ||
| P/OCF | 5.52 | ||
| P/B | 0.81 | ||
| P/tB | 1.65 | ||
| EV/EBITDA | 10.21 |
EPS(TTM)0.38
EY5.7%
EPS(NY)0.95
Fwd EY14.22%
FCF(TTM)1.06
FCFY15.89%
OCF(TTM)1.21
OCFY18.11%
SpS10.42
BVpS8.2
TBVpS4.03
PEG (NY)0.26
PEG (5Y)5.31
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 | 1.87 |
F-Score3
WACC7.61%
ROIC/WACC0.57
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