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ULS Technology

AIM:ULS
Snowflake Description

Outstanding track record with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ULS
AIM
£45M
Market Cap
  1. Home
  2. GB
  3. Retail
Company description

ULS Technology plc, through its subsidiaries, engages in the development and hosting of Internet based software applications for legal and property services businesses in the United Kingdom. The last earnings update was 142 days ago. More info.


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ULS Share Price and Events
7 Day Returns
1.9%
AIM:ULS
1.8%
GB Online Retail
1.5%
GB Market
1 Year Returns
-53.2%
AIM:ULS
19.2%
GB Online Retail
2.1%
GB Market
ULS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
ULS Technology (ULS) 1.9% 1.4% 3.9% -53.2% 27.9% -
GB Online Retail 1.8% 11.2% 27.4% 19.2% 90.4% 87.9%
GB Market 1.5% 5.2% 9.7% 2.1% 17.8% 6.8%
1 Year Return vs Industry and Market
  • ULS underperformed the Online Retail industry which returned 19.2% over the past year.
  • ULS underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 2.1% over the past year.
Price Volatility
ULS
Industry
5yr Volatility vs Market

Value

 Is ULS Technology undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of ULS Technology to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for ULS Technology.

AIM:ULS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11.7%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for AIM:ULS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6.7%
Online Retail Unlevered Beta Simply Wall St/ S&P Global 1.7
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.7 (1 + (1- 19%) (11.56%))
1.576
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.58
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.576 * 6.65%)
11.7%

Discounted Cash Flow Calculation for AIM:ULS using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for ULS Technology is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

AIM:ULS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 11.7%)
2019 5.74 Est @ 15.03% 5.14
2020 6.36 Est @ 10.89% 5.10
2021 6.87 Est @ 7.99% 4.93
2022 7.28 Est @ 5.96% 4.68
2023 7.61 Est @ 4.54% 4.38
2024 7.88 Est @ 3.55% 4.06
2025 8.11 Est @ 2.85% 3.74
2026 8.30 Est @ 2.36% 3.42
2027 8.47 Est @ 2.02% 3.13
2028 8.62 Est @ 1.78% 2.85
Present value of next 10 years cash flows £41.41
AIM:ULS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= £8.62 × (1 + 1.23%) ÷ (11.7% – 1.23%)
£83.26
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £83.26 ÷ (1 + 11.7%)10
£27.52
AIM:ULS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £41.41 + £27.52
£68.94
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £68.94 / 64.87
£1.06
AIM:ULS Discount to Share Price
Calculation Result
Value per share (GBP) From above. £1.06
Current discount Discount to share price of £0.70
= -1 x (£0.70 - £1.06) / £1.06
34.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price ULS Technology is available for.
Intrinsic value
34%
Share price is £0.7 vs Future cash flow value of £1.06
Current Discount Checks
For ULS Technology to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • ULS Technology's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • ULS Technology's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for ULS Technology's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are ULS Technology's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AIM:ULS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in GBP £0.06
AIM:ULS Share Price ** AIM (2019-04-24) in GBP £0.7
United Kingdom of Great Britain and Northern Ireland Online Retail Industry PE Ratio Median Figure of 9 Publicly-Listed Online Retail Companies 41.07x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 797 Publicly-Listed Companies 16.16x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of ULS Technology.

AIM:ULS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AIM:ULS Share Price ÷ EPS (both in GBP)

= 0.7 ÷ 0.06

12.38x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ULS Technology is good value based on earnings compared to the GB Online Retail industry average.
  • ULS Technology is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does ULS Technology's expected growth come at a high price?
Raw Data
AIM:ULS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.38x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
-5.1%per year
United Kingdom of Great Britain and Northern Ireland Online Retail Industry PEG Ratio Median Figure of 7 Publicly-Listed Online Retail Companies 1.85x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 564 Publicly-Listed Companies 1.49x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for ULS Technology, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on ULS Technology's assets?
Raw Data
AIM:ULS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in GBP £0.16
AIM:ULS Share Price * AIM (2019-04-24) in GBP £0.7
United Kingdom of Great Britain and Northern Ireland Online Retail Industry PB Ratio Median Figure of 17 Publicly-Listed Online Retail Companies 4.32x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,367 Publicly-Listed Companies 1.52x
AIM:ULS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AIM:ULS Share Price ÷ Book Value per Share (both in GBP)

= 0.7 ÷ 0.16

4.41x

* Primary Listing of ULS Technology.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ULS Technology is overvalued based on assets compared to the GB Online Retail industry average.
X
Value checks
We assess ULS Technology's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Online Retail industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Online Retail industry average (and greater than 0)? (1 check)
  5. ULS Technology has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is ULS Technology expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

  • No analysts cover ULS Technology, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-5.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is ULS Technology expected to grow at an attractive rate?
  • ULS Technology's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 1.2%.
Growth vs Market Checks
  • ULS Technology's earnings are expected to decrease over the next 1-3 years, this is below the United Kingdom of Great Britain and Northern Ireland market average.
  • ULS Technology's revenue growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
AIM:ULS Future Growth Rates Data Sources
Data Point Source Value (per year)
AIM:ULS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts -5.1%
AIM:ULS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 4.7%
United Kingdom of Great Britain and Northern Ireland Online Retail Industry Earnings Growth Rate Market Cap Weighted Average 32.1%
United Kingdom of Great Britain and Northern Ireland Online Retail Industry Revenue Growth Rate Market Cap Weighted Average 12.9%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 10.9%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
AIM:ULS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AIM:ULS Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-03-31 33 7 1
2019-03-31 30 6 1
AIM:ULS Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2018-09-30 31 6 4
2018-06-30 31 6 3
2018-03-31 31 6 2
2017-12-31 29 5 2
2017-09-30 28 5 2
2017-06-30 25 4 2
2017-03-31 22 4 3
2016-12-31 21 4 3
2016-09-30 21 4 3
2016-06-30 21 4 3
2016-03-31 21 5 2
2015-12-31 19 3 2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • ULS Technology's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • ULS Technology's revenue is expected to grow by 4.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
AIM:ULS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from ULS Technology Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:ULS Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-03-31
2019-03-31
AIM:ULS Past Financials Data
Date (Data in GBP Millions) EPS *
2018-09-30 0.06
2018-06-30 0.04
2018-03-31 0.03
2017-12-31 0.03
2017-09-30 0.03
2017-06-30 0.03
2017-03-31 0.04
2016-12-31 0.04
2016-09-30 0.04
2016-06-30 0.04
2016-03-31 0.04
2015-12-31 0.04

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if ULS Technology will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess ULS Technology's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
ULS Technology has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has ULS Technology performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare ULS Technology's growth in the last year to its industry (Online Retail).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • ULS Technology's year on year earnings growth rate has been positive over the past 5 years.
  • ULS Technology's 1-year earnings growth exceeds its 5-year average (120.7% vs 12.6%)
  • ULS Technology's earnings growth has exceeded the GB Online Retail industry average in the past year (120.7% vs 19.4%).
Earnings and Revenue History
ULS Technology's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from ULS Technology Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:ULS Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 31.19 3.64 6.49
2018-06-30 30.93 2.80 6.43
2018-03-31 30.67 1.97 6.36
2017-12-31 29.22 1.81 6.26
2017-09-30 27.76 1.65 6.15
2017-06-30 25.01 2.26 5.39
2017-03-31 22.26 2.88 4.63
2016-12-31 21.47 2.77 4.42
2016-09-30 20.68 2.67 4.20
2016-06-30 20.67 2.52 4.31
2016-03-31 20.66 2.38 4.42
2015-12-31 19.16 2.34 4.21
2015-09-30 17.66 2.30 4.00
2015-06-30 16.90 1.70 3.42
2015-03-31 16.14 1.10 2.85
2014-12-31 16.68 1.17 2.80
2014-09-30 17.23 1.24 2.76
2014-06-30 16.77 1.70 2.71
2014-03-31 16.30 2.16 2.66
2013-03-31 10.59 1.02 1.70

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • ULS Technology has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • ULS Technology used its assets more efficiently than the GB Online Retail industry average last year based on Return on Assets.
  • ULS Technology has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess ULS Technology's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Online Retail industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
ULS Technology has a total score of 6/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is ULS Technology's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up ULS Technology's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • ULS Technology's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • ULS Technology's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of ULS Technology's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from ULS Technology Company Filings, last reported 6 months ago.

AIM:ULS Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 10.30 5.25 1.83
2018-06-30 10.30 5.25 1.83
2018-03-31 9.34 4.75 2.89
2017-12-31 9.34 4.75 2.89
2017-09-30 8.26 5.25 2.90
2017-06-30 8.26 5.25 2.90
2017-03-31 9.25 5.75 2.24
2016-12-31 9.25 5.75 2.24
2016-09-30 8.45 0.00 3.71
2016-06-30 8.45 0.00 3.71
2016-03-31 7.19 0.89 3.78
2015-12-31 7.19 0.89 3.78
2015-09-30 7.03 1.25 3.97
2015-06-30 7.03 1.25 3.97
2015-03-31 6.53 1.61 2.81
2014-12-31 6.53 1.61 2.81
2014-09-30 5.55 1.97 5.70
2014-06-30 5.55 1.97 5.70
2014-03-31 4.41 1.94 2.02
2013-03-31 2.25 2.35 0.98
  • ULS Technology's level of debt (51%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (64.1% vs 51% today).
  • Debt is well covered by operating cash flow (112.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 44.5x coverage).
X
Financial health checks
We assess ULS Technology's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. ULS Technology has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is ULS Technology's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.43%
Current annual income from ULS Technology dividends. Estimated to be 3.57% next year.
If you bought £2,000 of ULS Technology shares you are expected to receive £69 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • ULS Technology's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.01%).
  • ULS Technology's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.14%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
AIM:ULS Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Online Retail Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 3.8%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 705 Stocks 4.1%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

AIM:ULS Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2020-03-31 0.03 1.00
2019-03-31 0.02 1.00
AIM:ULS Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2018-12-03 0.024 3.399
2018-06-27 0.023 2.062
2018-05-30 0.023 1.681
2017-06-27 0.022 1.632
2016-06-28 0.021 2.541
2016-02-11 0.018 3.092
2015-11-26 0.021 3.455
2015-06-26 0.020 3.514
2015-06-23 0.020 3.687
2014-11-27 0.007 1.460

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ULS Technology has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but ULS Technology only paid a dividend in the past 4 years.
Current Payout to shareholders
What portion of ULS Technology's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.4x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess ULS Technology's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can ULS Technology afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. ULS Technology has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of ULS Technology's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Steve Goodall
TENURE AS CEO 1 years
CEO Bio

Mr. Stephen Goodall, also known as Steve, has been Managing Director of ULS Technology plc since May 2, 2017 and Chief Executive Officer and Director since April 4, 2018. Mr. Goodall has been responsible for the day to day management of the Company's products and services. In addition, he has been instrumental in building the Company's success in tailoring conveyancing services and technology for lenders as well as introducing and commercialising new products and services for existing and new B2B relationships. He has worked for Legal & General Surveying Services (LGSS) for over 15 years, holding the post of Managing Director for 13 years. During his tenure, he successfully transformed LGSS from a very small surveying business into the number one, market leading, property risk and valuation distribution business, which in 2016 handled over 500,000 valuation instructions and generated revenue of approximately £80million. Prior to LGSS, he held key operations and service improvement roles in the clothing and printing industries, including the creation and growth of an offshore clothing company that ran a supply chain for blue chip retailers. He was a Director at Legal & General Surveying Services Limited and Legal & General Estate Agencies Limited. He was awarded the Royal Institute of Chartered Surveyors Fellowship in 2012 and also holds numerous high profile industry awards, both personally and on behalf of LGSS.

CEO Compensation
  • Insufficient data for Steve to compare compensation growth.
  • Insufficient data for Steve to establish whether their remuneration is reasonable compared to companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team

Nigel Hoath

TITLE
Co-Founder

Andrew Weston

TITLE
Co-Founder
COMPENSATION
£164K

John Williams

TITLE
Finance Director
COMPENSATION
£182K
AGE
51

Steve Goodall

TITLE
CEO, MD & Director
TENURE
1 yrs

Judith Dickinson

TITLE
Head of Operations
COMPENSATION
£191K
AGE
52
Board of Directors Tenure

Average tenure and age of the ULS Technology board of directors in years:

0.8
Average Tenure
51
Average Age
  • The average tenure for the ULS Technology board of directors is less than 3 years, this suggests a new board.
Board of Directors

Geoff Wicks

TITLE
Independent Non-Executive Chairman
COMPENSATION
£37K

Andrew Weston

TITLE
Co-Founder
COMPENSATION
£164K

John Williams

TITLE
Finance Director
COMPENSATION
£182K
AGE
51

Steve Goodall

TITLE
CEO, MD & Director
TENURE
1 yrs

Martin Rowland

TITLE
Non-Executive Director
AGE
45
TENURE
0.4 yrs

Elaine Bucknor

TITLE
Independent Non-Executive Director
AGE
51
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
X
Management checks
We assess ULS Technology's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. ULS Technology has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Introducing ULS Technology (LON:ULS), The Stock That Slid 52% In The Last Year

Investing in stocks comes with the risk that the share price will fall. … By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … During the unfortunate twelve months during which the ULS Technology share price fell, it actually saw its earnings per share (EPS) improve by 122%.

Simply Wall St -

Why ULS Technology plc’s (LON:ULS) Return On Capital Employed Is Impressive

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … What is Return On Capital Employed (ROCE)? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

ULS Technology plc (LON:ULS): What Does Its Beta Value Mean For Your Portfolio?

If you're interested in ULS Technology plc (LON:ULS), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility).

Simply Wall St -

What does ULS Technology plc's (LON:ULS) Balance Sheet Tell Us About Its Future?

While small-cap stocks, such as ULS Technology plc (LON:ULS) with its market cap of UK£43m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Online Retail businesses operating in the environment facing headwinds from current disruption,.

Simply Wall St -

Is ULS Technology plc's (LON:ULS) P/E Ratio Really That Good?

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … We'll show how you can use ULS Technology plc's (LON:ULS) P/E ratio to inform your assessment of the investment opportunity. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Can ULS Technology plc's (LON:ULS) ROE Continue To Surpass The Industry Average?

This article is for those who would like to learn about Return On Equity (ROE). … That means that for every £1 worth of shareholders' equity, it generated £0.35 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

How ULS Technology plc (LON:ULS) Can Impact Your Portfolio Volatility

If you're interested in ULS Technology plc (LON:ULS), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

What Does ULS Technology plc's (LON:ULS) PE Ratio Tell You?

While ULS might seem like a stock to avoid or sell if you own it, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions. … I will explain what the P/E ratio is as well as what you should look out for when using it … What you need to know about the P/E ratio

Simply Wall St -

Is ULS Technology plc's (LON:ULS) 21.05% ROE Strong Compared To Its Industry?

and want to start learning about core concepts of fundamental analysis on practical examples from today's market. … Sustainability can be gauged by a company’s financial leverage – the more debt it has, the higher ROE is pumped up in the short term, at the expense of long term interest payment burden. … See our latest analysis for ULS Technology

Simply Wall St -

2 Days Left Before ULS Technology plc (LON:ULS) Will Start Trading Ex-Dividend, Should You Buy?

If you are interested in cashing in on ULS Technology plc's (LON:ULS) upcoming dividend of UK£0.011 per share, you only have 2 days left to buy the shares before its ex-dividend date, 05 July 2018, in time for dividends payable on the 03 August 2018. … Investors looking for higher income-generating stocks to add to their portfolio should keep reading, as I take a deeper dive into ULS Technology's latest financial data to analyse its dividend attributes. … Here's how I find good dividend stocks

Simply Wall St -

Company Info

Description

ULS Technology plc, through its subsidiaries, engages in the development and hosting of Internet based software applications for legal and property services businesses in the United Kingdom. It provides software solutions that support online legal comparison services. The company also provides risk management and compliance consultancy services for solicitors and licensed conveyancers. Its solutions also cover mortgage lenders, builders and developers, intermediaries, estate agents, and energy performance certificates. The company, primarily, provides its services through white-labels to mortgage brokers, banks, building societies, and price comparison Websites. ULS Technology plc was founded in 2003 and is based in Thame, the United Kingdom.

Details
Name: ULS Technology plc
ULS
Exchange: AIM
Founded: 2003
£45,409,893
64,871,276
Website: http://www.ulstechnology.com
Address: ULS Technology plc
The Old Grammar School,
Church Road,
Thame,
Oxfordshire, OX9 3AJ,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM ULS Ordinary Shares London Stock Exchange AIM Market GB GBP 28. Jul 2014
Number of employees
Current staff
Staff numbers
87
ULS Technology employees.
Industry
Internet and Direct Marketing Retail
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/24 22:44
End of day share price update: 2019/04/24 00:00
Last estimates confirmation: 2018/12/04
Last earnings filing: 2018/12/03
Last earnings reported: 2018/09/30
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.