AIM:ULS

Stock Analysis Report

Executive Summary

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.

Snowflake

Fundamentals

Solid track record with mediocre balance sheet.

Risks

  • ULS Technology is covered by less than 3 analysts.

Share Price & News

How has ULS Technology's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-0.8%

AIM:ULS

4.0%

GB Online Retail

1.4%

GB Market


1 Year Return

-50.7%

AIM:ULS

-10.1%

GB Online Retail

-5.7%

GB Market

ULS underperformed the Online Retail industry which returned -9.1% over the past year.

ULS underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -4.8% over the past year.


Share holder returns

ULSIndustryMarket
7 Day-0.8%4.0%1.4%
30 Day-7.3%4.8%-4.8%
90 Day0.6%-2.3%-1.9%
1 Year-49.1%-50.7%-9.6%-10.1%-1.3%-5.7%
3 Year7.3%-0.2%47.9%44.8%17.6%3.6%
5 Year58.8%38.8%99.4%90.3%24.6%-2.0%

Price Volatility Vs. Market

How volatile is ULS Technology's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

12.74x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

ULS Technology's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

ULS Technology's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

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

Unable to calculate PEG ratio for ULS Technology, we can't assess if its growth is good value.


Price Based on Value of Assets

ULS Technology is overvalued based on assets compared to the GB Online Retail industry average.


Next Steps

Future Growth

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

-1.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

ULS Technology's revenue is expected to grow by 1.7% yearly, however this is not considered high growth (20% yearly).

ULS Technology's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.

ULS Technology's revenue growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.

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 earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 1.2%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if ULS Technology will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has ULS Technology performed over the past 5 years?

14.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

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 (67% vs 14.1%)

ULS Technology's earnings growth has exceeded the GB Online Retail industry average in the past year (67% vs 19.3%).


Return on Equity

ULS Technology has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).


Return on Assets

ULS Technology used its assets more efficiently than the GB Online Retail industry average last year based on Return on Assets.


Return on Capital Employed

ULS Technology's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is ULS Technology's financial position?


Financial Position Analysis

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.


Debt to Equity History and Analysis

ULS Technology's level of debt (44.2%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (43.9% vs 44.2% today).

Debt is well covered by operating cash flow (101.8%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 41.5x coverage).


Balance Sheet

Low level of unsold assets.

Debt is not covered by short term assets, assets are 0.8x debt.


Next Steps

Dividend

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

3.93%

Expected Dividend Yield


Dividend Yield and Payments Analysis

ULS Technology's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.07%).

ULS Technology's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.66%).

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 5 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (2.1x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (2.6x coverage).


Next Steps

Management

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

1.2yrs

Average board tenure


CEO

Steve Goodall 0

1.3yrs

Tenure

UK£231,271

Compensation

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 f ...


CEO Compensation Analysis

Steve's remuneration is about average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.

Insufficient data for Steve to compare compensation growth.


Board Age and Tenure

1.2yrs

Average Tenure

52yo

Average Age

The average tenure for the ULS Technology board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Nigel Hoath

    Co-Founder

    • Tenure: 0.0yrs
  • Andrew Weston

    Co-Founder

    • Tenure: 0.0yrs
    • Compensation: UK£129.61k
  • John Williams (52yo)

    Finance Director

    • Tenure: 0.0yrs
    • Compensation: UK£162.37k
  • Judith Dickinson (53yo)

    Head of Operations

    • Tenure: 0.0yrs
    • Compensation: UK£190.96k
  • Steve Goodall

    CEO, MD & Director

    • Tenure: 1.3yrs
    • Compensation: UK£231.27k

Board Members

  • Geoff Wicks

    Independent Non-Executive Chairman

    • Tenure: 0.0yrs
    • Compensation: UK£38.91k
  • Martin Rowland (46yo)

    Independent Non-Executive Director

    • Tenure: 0.8yrs
    • Compensation: UK£11.73k
  • Andrew Weston

    Co-Founder

    • Tenure: 0.0yrs
    • Compensation: UK£129.61k
  • John Williams (52yo)

    Finance Director

    • Tenure: 0.0yrs
    • Compensation: UK£162.37k
  • Steve Goodall

    CEO, MD & Director

    • Tenure: 1.3yrs
    • Compensation: UK£231.27k
  • Elaine Bucknor (52yo)

    Independent Non-Executive Director

    • Tenure: 1.2yrs
    • Compensation: UK£29.64k

Company Information

ULS Technology plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: ULS Technology plc
  • Ticker: ULS
  • Exchange: AIM
  • Founded: 2003
  • Industry: Internet and Direct Marketing Retail
  • Sector: Retail
  • Market Cap: UK£42.166m
  • Shares outstanding: 64.87m
  • Website: https://www.ulstechnology.com

Number of Employees


Location

  • ULS Technology plc
  • The Old Grammar School
  • Church Road
  • Thame
  • Oxfordshire
  • OX9 3AJ
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ULSAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPJul 2014

Biography

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 so ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/22 21:45
End of Day Share Price2019/08/22 00:00
Earnings2019/03/31
Annual Earnings2019/03/31


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.