Unique Fabricating (NYSEAM:UFAB) - Share price, News & Analysis

UFAB fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	4/6
Past Performance	0/6
Financial Health	1/6
Dividends	0/6

UFAB Stock Overview

Rewards

Earnings are forecast to grow 168.35% per year

Risk Analysis

Has less than 1 year of cash runway

Shareholders have been diluted in the past year

Does not have a meaningful market cap ($13M)

Unique Fabricating Competitors

Horizon Global

NYSE:HZN

US$49.8m

Sypris Solutions

NasdaqGM:SYPR

US$47.4m

Strattec Security

NasdaqGM:STRT

US$130.9m

China Automotive Systems

NasdaqCM:CAAS

US$94.7m

Price History & Performance

Summary of all time highs, changes and price drops for Unique Fabricating
Historical stock prices
Current Share Price	US$1.11
52 Week High	US$4.09
52 Week Low	US$0.96
Beta	1.14
1 Month Change	6.73%
3 Month Change	-27.45%
1 Year Change	-57.14%
3 Year Change	-61.46%
5 Year Change	-85.40%
Change since IPO	-91.77%

Shareholder Returns

	UFAB	US Auto Components	US Market
7D	-7.5%	9.0%	4.5%
1Y	-57.1%	-20.5%	-8.9%

Return vs Industry: UFAB underperformed the US Auto Components industry which returned -23% over the past year.

Return vs Market: UFAB underperformed the US Market which returned -9.6% over the past year.

Price Volatility

Is UFAB's price volatile compared to industry and market?
UFAB volatility
UFAB Average Weekly Movement	11.2%
Auto Components Industry Average Movement	8.0%
Market Average Movement	7.6%
10% most volatile stocks in US Market	16.8%
10% least volatile stocks in US Market	3.1%

Stable Share Price: UFAB is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: UFAB's weekly volatility (11%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1975	915	Doug Cain	https://www.uniquefab.com

Unique Fabricating, Inc. engineers and manufactures multi-material foam, rubber, and plastic components utilized in noise, vibration, harshness, acoustical management, water and air sealing, decorative, and other functional applications. The company offers die cut products comprising noise, vibration, and harshness (NVH) pads for lining internal panels; buzz, squeak, and rattle felts and flocks; foam blocks; and gaskets, seals, insulation, and attachment tapes. In addition, it offers thermoformed molded products, including TwinShape foam air ducts; heating, ventilation, and air conditioning (HVAC) evaporator liners; and console bin mats, fender insulators, and molded seat undercovers.

Unique Fabricating Fundamentals Summary

How do Unique Fabricating's earnings and revenue compare to its market cap?
UFAB fundamental statistics
Market Cap	US$13.02m
Earnings (TTM)	-US$14.66m
Revenue (TTM)	US$130.32m

0.1x

P/S Ratio

-0.9x

P/E Ratio

Is UFAB overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
UFAB income statement (TTM)
Revenue	US$130.32m
Cost of Revenue	US$114.06m
Gross Profit	US$16.26m
Other Expenses	US$30.93m
Earnings	-US$14.66m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	-1.25
Gross Margin	12.48%
Net Profit Margin	-11.25%
Debt/Equity Ratio	239.2%

How did UFAB perform over the long term?

See historical performance and comparison

We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

3/6

Valuation Score 3/6

Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for UFAB. This is calculated by dividing UFAB's market cap by their current preferred multiple.
What is UFAB's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	US$13.02m

UFAB 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/Revenue	0.5x
Enterprise Value/EBITDA	52.3x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does UFAB's PS Ratio compare to its peers?

UFAB PS Ratio vs Peers

The above table shows the PS ratio for UFAB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PS	Estimated Growth	Market Cap
Peer Average	0.3x
HZN Horizon Global	0.07x	n/a	US$49.8m
SYPR Sypris Solutions	0.5x	n/a	US$47.4m
STRT Strattec Security	0.3x	8.4%	US$130.9m
CAAS China Automotive Systems	0.2x	2.8%	US$94.7m
UFAB Unique Fabricating	0.1x	19.1%	US$13.0m

Price-To-Sales vs Peers: UFAB is good value based on its Price-To-Sales Ratio (0.1x) compared to the peer average (0.3x).

Price to Earnings Ratio vs Industry

How does UFAB's PE Ratio compare vs other companies in the US Auto Components Industry?

Price-To-Sales vs Industry: UFAB is good value based on its Price-To-Sales Ratio (0.1x) compared to the US Auto Components industry average (0.6x)

Price to Sales Ratio vs Fair Ratio

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

UFAB PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.1x
Fair PS Ratio	0.4x

Price-To-Sales vs Fair Ratio: UFAB is good value based on its Price-To-Sales Ratio (0.1x) compared to the estimated Fair Price-To-Sales Ratio (0.4x).

Share Price vs Fair Value

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

Below Fair Value: Insufficient data to calculate UFAB's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate UFAB's fair value for valuation analysis.

Analyst Price Targets

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

Analyst Forecast: Insufficient data to show price forecast.

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Future Growth

How is Unique Fabricating forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

4/6

Future Growth Score 4/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

168.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: UFAB is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).

Earnings vs Market: UFAB is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: UFAB is expected to become profitable in the next 3 years.

Revenue vs Market: UFAB's revenue (19.1% per year) is forecast to grow faster than the US market (7.9% per year).

High Growth Revenue: UFAB's revenue (19.1% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if UFAB's Return on Equity is forecast to be high in 3 years time

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Past Performance

How has Unique Fabricating performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-53.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: UFAB is currently unprofitable.

Growing Profit Margin: UFAB is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: UFAB is unprofitable, and losses have increased over the past 5 years at a rate of 53.8% per year.

Accelerating Growth: Unable to compare UFAB's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: UFAB is unprofitable, making it difficult to compare its past year earnings growth to the Auto Components industry (-6.3%).

Return on Equity

High ROE: UFAB has a negative Return on Equity (-73.58%), as it is currently unprofitable.

Discover strong past performing companies

Financial Health

How is Unique Fabricating's financial position?

Financial Health Score

1/6

Financial Health Score 1/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Stable Cash Runway
Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: UFAB's short term assets ($48.4M) do not cover its short term liabilities ($66.3M).

Long Term Liabilities: UFAB's short term assets ($48.4M) exceed its long term liabilities ($9.3M).

Debt to Equity History and Analysis

Debt Level: UFAB's net debt to equity ratio (236.2%) is considered high.

Reducing Debt: UFAB's debt to equity ratio has increased from 108.2% to 239.2% over the past 5 years.

Balance Sheet

Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: UFAB has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: UFAB has less than a year of cash runway if free cash flow continues to reduce at historical rates of 33.2% each year

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Dividend

What is Unique Fabricating current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate UFAB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate UFAB's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if UFAB's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if UFAB's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: UFAB is not paying a notable dividend for the US market.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as UFAB has not reported any payouts.

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Management

How experienced are the management team and are they aligned to shareholders interests?

2.3yrs

Average management tenure

CEO

Doug Cain (61 yo)

2.92yrs

Tenure

US$488,645

Compensation

Mr. Byrd Douglas Cain, III, also known as Doug, has been the President and Chief Executive Officer of Unique Fabricating, Inc. since September 30, 2019 and had been its Interim Chief Financial Officer sinc...

CEO Compensation Analysis

Compensation vs Market: Doug's total compensation ($USD488.65K) is below average for companies of similar size in the US market ($USD759.98K).

Compensation vs Earnings: Doug's compensation has increased whilst the company is unprofitable.

Leadership Team

Experienced Management: UFAB's management team is considered experienced (2.3 years average tenure).

Board Members

Experienced Board: UFAB's board of directors are considered experienced (9.4 years average tenure).

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 20%.

Data	Last Updated (UTC time)
Company Analysis	2022/08/16 00:00
End of Day Share Price	2022/08/16 00:00
Earnings	2022/06/30
Annual Earnings	2021/12/31