Ultra Electronics Holdings plc

LSE:ULE Stock Report

Market Cap: UK£2.5b

This company listing is no longer active

This company may still be operating, however this listing is no longer active. Find out why through their latest events.

Ultra Electronics Holdings Valuation

Is ULE undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ULE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ULE (£35) is trading above our estimate of fair value (£30.56)

Significantly Below Fair Value: ULE is trading above our estimate of fair value.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for ULE?

Other financial metrics that can be useful for relative valuation.

ULE key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue3x
Enterprise Value/EBITDA19x
PEG Ratio2.5x

Price to Earnings Ratio vs Peers

How does ULE's PE Ratio compare to its peers?

The above table shows the PE ratio for ULE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average22.5x
QQ. QinetiQ Group
19.2x15.8%UK£2.1b
CHG Chemring Group
26x16.2%UK£979.8m
SNR Senior
22.9xn/aUK£712.1m
BA. BAE Systems
22x6.7%UK£40.8b
ULE Ultra Electronics Holdings
37.5x14.9%UK£2.5b

Price-To-Earnings vs Peers: ULE is good value based on its Price-To-Earnings Ratio (37.5x) compared to the peer average (63.8x).


Price to Earnings Ratio vs Industry

How does ULE's PE Ratio compare vs other companies in the European Aerospace & Defense Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a19.2%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a19.2%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: ULE is expensive based on its Price-To-Earnings Ratio (37.5x) compared to the UK Aerospace & Defense industry average (24.6x)


Price to Earnings Ratio vs Fair Ratio

What is ULE's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ULE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio37.5x
Fair PE Ratio23.9x

Price-To-Earnings vs Fair Ratio: ULE is expensive based on its Price-To-Earnings Ratio (37.5x) compared to the estimated Fair Price-To-Earnings Ratio (23.9x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ULE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
UK£32.13
0%
15.5%UK£35.00UK£23.50n/a4
Mar ’25n/a
UK£32.13
0%
15.5%UK£35.00UK£23.50n/a4
Feb ’25n/a
UK£32.13
0%
15.5%UK£35.00UK£23.50n/a4
Jan ’25n/a
UK£32.13
0%
15.5%UK£35.00UK£23.50n/a4
Dec ’24n/a
UK£32.13
0%
15.5%UK£35.00UK£23.50n/a4
Nov ’24n/a
UK£32.13
0%
15.5%UK£35.00UK£23.50n/a4
Oct ’24n/a
UK£32.13
0%
15.5%UK£35.00UK£23.50n/a4
Sep ’24n/a
UK£32.13
0%
15.5%UK£35.00UK£23.50n/a4
Aug ’24n/a
UK£32.13
0%
15.5%UK£35.00UK£23.50n/a4
Jul ’24n/a
UK£32.13
0%
15.5%UK£35.00UK£23.50n/a4
Jun ’24n/a
UK£32.13
0%
15.5%UK£35.00UK£23.50n/a4
May ’24n/a
UK£32.13
0%
15.5%UK£35.00UK£23.50n/a4
Apr ’24n/a
UK£32.13
0%
15.5%UK£35.00UK£23.50n/a4
Mar ’24n/a
UK£32.13
0%
15.5%UK£35.00UK£23.50n/a4
Feb ’24n/a
UK£32.13
0%
15.5%UK£35.00UK£23.50n/a4
Jan ’24n/a
UK£32.13
0%
15.5%UK£35.00UK£23.50n/a4
Dec ’23n/a
UK£32.13
0%
15.5%UK£35.00UK£23.50n/a4
Nov ’23n/a
UK£32.13
0%
15.5%UK£35.00UK£23.50n/a4
Oct ’23n/a
UK£32.13
0%
15.5%UK£35.00UK£23.50n/a4
Sep ’23n/a
UK£32.13
0%
15.5%UK£35.00UK£23.50n/a4
Aug ’23UK£35.00
UK£32.70
-6.6%
14.1%UK£35.00UK£23.50n/a5
Jul ’23UK£34.60
UK£32.70
-5.5%
14.1%UK£35.00UK£23.50n/a5
Jun ’23UK£32.20
UK£32.70
+1.6%
14.1%UK£35.00UK£23.50n/a5
May ’23UK£32.64
UK£32.50
-0.4%
13.0%UK£35.00UK£23.50n/a6
Apr ’23UK£33.24
UK£32.50
-2.2%
13.0%UK£35.00UK£23.50n/a6
Mar ’23UK£32.60
UK£30.58
-6.2%
16.9%UK£35.00UK£23.50n/a6

Analyst Forecast: Target price is lower than the current share price.


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