AMEX:UFAB

Stock Analysis Report

Executive Summary

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.

Rewards

Trading at 49.7% below its fair value

Earnings are forecast to grow 156.27% per year

Risk Analysis

Interest payments are not well covered by earnings

Highly volatile share price over past 3 months

Does not have a meaningful market cap ($36M)



Snowflake Analysis

Fair value with moderate growth potential.

Share Price & News

How has Unique Fabricating's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: UFAB's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-9.6%

UFAB

1.1%

US Auto Components

1.8%

US Market


1 Year Return

-16.8%

UFAB

-6.8%

US Auto Components

20.1%

US Market

Return vs Industry: UFAB underperformed the US Auto Components industry which returned -7% over the past year.

Return vs Market: UFAB underperformed the US Market which returned 20.1% over the past year.


Shareholder returns

UFABIndustryMarket
7 Day-9.6%1.1%1.8%
30 Day-13.7%-5.1%1.4%
90 Day35.4%-3.6%8.8%
1 Year-15.8%-16.8%-5.4%-6.8%22.7%20.1%
3 Year-63.9%-69.1%-7.4%-16.6%50.1%40.4%
5 Yearn/a2.9%-11.8%72.9%53.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Unique Fabricating undervalued compared to its fair value and its price relative to the market?

49.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: UFAB ($3.67) is trading below our estimate of fair value ($7.3)

Significantly Below Fair Value: UFAB is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: UFAB is unprofitable, so we can't compare its PE Ratio to the Auto Components industry average.

PE vs Market: UFAB is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate UFAB's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: UFAB is good value based on its PB Ratio (0.9x) compared to the US Auto Components industry average (1.4x).


Next Steps

Future Growth

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

156.3%

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 (1.7%).

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's is expected to become profitable in the next 3 years.

Revenue vs Market: UFAB's revenue (3.7% per year) is forecast to grow slower than the US market (7.6% per year).

High Growth Revenue: UFAB's revenue (3.7% 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


Next Steps

Past Performance

How has Unique Fabricating performed over the past 5 years?

-22.9%

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 -22.9% 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 (12.3%).


Return on Equity

High ROE: UFAB has a negative Return on Equity (-23.5%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Unique Fabricating's financial position?


Financial Position Analysis

Short Term Liabilities: UFAB's short term assets ($47.9M) exceed its short term liabilities ($19.8M).

Long Term Liabilities: UFAB's short term assets ($47.9M) do not cover its long term liabilities ($50.4M).


Debt to Equity History and Analysis

Debt Level: UFAB's debt to equity ratio (131.5%) is considered high.

Reducing Debt: UFAB's debt to equity ratio has reduced from 245.6% to 131.5% over the past 5 years.


Balance Sheet

Inventory Level: UFAB has a high level of physical assets or inventory.

Debt Coverage by Assets: UFAB's debt is not covered by short term assets (assets are 0.9x debt).


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 been profitable on average in the past, therefore cash runway is not a concern.

Forecast Cash Runway: UFAB has been profitable on average in the past, therefore cash runway is not a concern.


Next Steps

Dividend

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


Dividend Yield vs Market

company0%marketbottom25%1.4%markettop25%3.7%industryaverage1.9%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of UFAB's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

6.9yrs

Average board tenure


CEO

Doug Cain (59yo)

0.4yrs

Tenure

0

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 has been its Interim Chief Financial Officer sinc ...


Board Members

NamePositionTenureCompensationOwnership
Richard Baum
Independent Chairman of the Board7.1yrsUS$50.00k2.98% $1.1m
Donn Viola
Independent Director0yrsUS$25.00k0.82% $293.6k
Kimberly Korth
Independent Director6.9yrsUS$25.00kno data
William Cooke
Independent Director6.9yrsUS$25.00k0.46% $165.6k
James Illikman
Independent Director0yrsUS$18.75kno data
Paul Frascoia
Independent Director5.6yrsUS$25.00k0.40% $143.7k
Susan Benedict
Independent Director0.3yrsno datano data

6.9yrs

Average Tenure

58.5yo

Average Age

Experienced Board: UFAB's board of directors are considered experienced (6.9 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: UFAB insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Unique Fabricating, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Unique Fabricating, Inc.
  • Ticker: UFAB
  • Exchange: AMEX
  • Founded: 1975
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Market Cap: US$35.885m
  • Shares outstanding: 9.78m
  • Website: https://www.uniquefab.com

Number of Employees


Location

  • Unique Fabricating, Inc.
  • 800 Standard Parkway
  • Auburn Hills
  • Michigan
  • 48326
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
UFABAMEX (NYSE MKT LLC)YesCommon StockUSUSDJul 2015

Biography

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. It offers die cut products, such as trim insulation, headliner insulation, fender acoustical pad, A/B/C pillar cover, dashboard seal, cup holder base, and under hood insulation products, as well as heating, ventilation, and air conditioning (HVAC) seals; thermoformed and compression molded products, including HVAC air ducts, door water shields, evaporator liners, console bin mats and fender insulators, and others; and fusion molded products comprising interior mirror, body-in-white, cowl to hood, and cowl to fender seals. The company sells its products to original equipment manufacturers and tiered suppliers in the automotive, appliance, water heater, and HVAC industries in North America. Unique Fabricating, Inc. was founded in 1975 and is headquartered in Auburn Hills, Michigan. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/16 01:29
End of Day Share Price2020/02/14 00:00
Earnings2019/09/29
Annual Earnings2018/12/30


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.