Ultra Electronics Holdings plc provides application-engineered bespoke solutions in the defense, security, critical detection, and control markets.
Ultra Electronics Holdings Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||UK£32.56|
|52 Week High||UK£18.45|
|52 Week Low||UK£34.20|
|1 Month Change||1.75%|
|3 Month Change||31.82%|
|1 Year Change||55.64%|
|3 Year Change||135.43%|
|5 Year Change||75.43%|
|Change since IPO||1,036.48%|
Recent News & Updates
Is Ultra Electronics Holdings (LON:ULE) A Risky Investment?
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
|ULE||GB Aerospace & Defense||GB Market|
Return vs Industry: ULE exceeded the UK Aerospace & Defense industry which returned 34.1% over the past year.
Return vs Market: ULE exceeded the UK Market which returned 23.4% over the past year.
Stable Share Price: ULE is more volatile than 75% of UK stocks over the past 3 months, typically moving +/- 10% a week.
Volatility Over Time: ULE's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of UK stocks.
About the Company
Ultra Electronics Holdings plc provides application-engineered bespoke solutions in the defense, security, critical detection, and control markets. It operates through three segments: Maritime, Intelligence & Communications, and Critical Detection & Control. The company offers sonobuoys and anti-submarine warfare systems; integrated hull and variable depth sonar systems for manned and unmanned platforms; torpedo defense systems; deployable underwater sensors; electronic warfare systems; and naval systems and sensors, such as acoustic and sonar systems, torpedo defense, and radar sensor solutions, as well as degaussing systems and power conversion solutions for naval applications, including electromagnetic analysis for naval platforms and ranges.
Ultra Electronics Holdings Fundamentals Summary
|ULE fundamental statistics|
Is ULE overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|ULE income statement (TTM)|
|Cost of Revenue||UK£593.40m|
Last Reported Earnings
Jul 02, 2021
Next Earnings Date
|Earnings per share (EPS)||1.36|
|Net Profit Margin||11.41%|
How did ULE perform over the long term?See historical performance and comparison
1.8%Current Dividend Yield
Is Ultra Electronics Holdings undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: ULE (£32.56) is trading above our estimate of fair value (£24.18)
Significantly Below Fair Value: ULE is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: ULE is good value based on its PE Ratio (23.9x) compared to the UK Aerospace & Defense industry average (26.2x).
PE vs Market: ULE is poor value based on its PE Ratio (23.9x) compared to the UK market (21.4x).
Price to Earnings Growth Ratio
PEG Ratio: ULE is poor value based on its PEG Ratio (4.1x)
Price to Book Ratio
PB vs Industry: ULE is overvalued based on its PB Ratio (4.7x) compared to the GB Aerospace & Defense industry average (2.6x).
How is Ultra Electronics Holdings forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ULE's forecast earnings growth (5.8% per year) is above the savings rate (0.9%).
Earnings vs Market: ULE's earnings (5.8% per year) are forecast to grow slower than the UK market (12.9% per year).
High Growth Earnings: ULE's earnings are forecast to grow, but not significantly.
Revenue vs Market: ULE's revenue (4.6% per year) is forecast to grow slower than the UK market (4.9% per year).
High Growth Revenue: ULE's revenue (4.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ULE's Return on Equity is forecast to be low in 3 years time (18.2%).
How has Ultra Electronics Holdings performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ULE has high quality earnings.
Growing Profit Margin: ULE's current net profit margins (11.4%) are higher than last year (8%).
Past Earnings Growth Analysis
Earnings Trend: ULE's earnings have grown by 13.8% per year over the past 5 years.
Accelerating Growth: ULE's earnings growth over the past year (42.2%) exceeds its 5-year average (13.8% per year).
Earnings vs Industry: ULE earnings growth over the past year (42.2%) exceeded the Aerospace & Defense industry 16.7%.
Return on Equity
High ROE: ULE's Return on Equity (19.5%) is considered low.
How is Ultra Electronics Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: ULE's short term assets (£441.1M) exceed its short term liabilities (£263.9M).
Long Term Liabilities: ULE's short term assets (£441.1M) exceed its long term liabilities (£240.2M).
Debt to Equity History and Analysis
Debt Level: ULE's debt to equity ratio (30.1%) is considered satisfactory.
Reducing Debt: ULE's debt to equity ratio has reduced from 101.2% to 30.1% over the past 5 years.
Debt Coverage: ULE's debt is well covered by operating cash flow (89.5%).
Interest Coverage: ULE's interest payments on its debt are well covered by EBIT (15.9x coverage).
What is Ultra Electronics Holdings's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ULE's dividend (1.77%) is higher than the bottom 25% of dividend payers in the UK market (1.39%).
High Dividend: ULE's dividend (1.77%) is low compared to the top 25% of dividend payers in the UK market (4.01%).
Stability and Growth of Payments
Stable Dividend: ULE's dividends per share have been stable in the past 10 years.
Growing Dividend: ULE's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (42.2%), ULE's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ULE's dividends in 3 years are forecast to be well covered by earnings (43% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Simon Pryce (59 yo)
Mr. Simon Pryce has been Chief Executive Officer and Director at Ultra Electronics Holdings plc since June 18, 2018. He served as the Group Chief Executive Officer of BBA Aviation Plc from June 11, 2007 to...
CEO Compensation Analysis
Compensation vs Market: Simon's total compensation ($USD4.30M) is above average for companies of similar size in the UK market ($USD1.66M).
Compensation vs Earnings: Simon's compensation has increased by more than 20% in the past year.
Experienced Management: ULE's management team is considered experienced (2.8 years average tenure).
Experienced Board: ULE's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: ULE insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Ultra Electronics Holdings plc's employee growth, exchange listings and data sources
- Name: Ultra Electronics Holdings plc
- Ticker: ULE
- Exchange: LSE
- Founded: 1993
- Industry: Aerospace and Defense
- Sector: Capital Goods
- Market Cap: UK£2.302b
- Shares outstanding: 71.27m
- Website: https://www.ultra.group
Number of Employees
- Ultra Electronics Holdings plc
- 35 Portman Square
- Greater London
- W1H 6LR
- United Kingdom
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/20 21:59|
|End of Day Share Price||2021/10/20 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.