NasdaqGM:ULBI

Stock Analysis Report

Executive Summary

Ultralife Corporation designs, manufactures, installs, and maintains power, and communication and electronics systems for government, defense, and commercial sectors worldwide.

Snowflake

Fundamentals

Outstanding track record with excellent balance sheet.

Risks

  • Ultralife is not covered by any analysts.

Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

4.9%

NasdaqGM:ULBI

2.9%

US Electrical

1.1%

US Market


1 Year Return

-0.6%

NasdaqGM:ULBI

-7.8%

US Electrical

2.1%

US Market

ULBI outperformed the Electrical industry which returned -7.7% over the past year.

ULBI underperformed the Market in United States of America which returned 2% over the past year.


Share holder returns

ULBIIndustryMarket
7 Day4.9%2.9%1.1%
30 Day-7.0%11.0%3.7%
90 Day9.4%3.9%2.3%
1 Year-0.6%-0.6%-5.9%-7.8%4.4%2.1%
3 Year102.9%102.9%42.1%33.8%47.0%37.4%
5 Year165.0%165.0%34.1%20.5%61.6%43.8%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

5.58x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

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

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


Price Based on Earnings

Ultralife is good value based on earnings compared to the US Electrical industry average.

Ultralife is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

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


Price Based on Value of Assets

Ultralife is good value based on assets compared to the US Electrical industry average.


Next Steps

Future Growth

How is Ultralife expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

3.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Ultralife is high growth as no revenue estimate data is available.

Ultralife's earnings are expected to grow by 3.4% yearly, however this is not considered high growth (20% yearly).

Unable to compare Ultralife's revenue growth to the United States of America market average as no estimate data is available.

Ultralife's earnings growth is positive but not above the United States of America market average.

Ultralife's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

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


Next Steps

Past Performance

How has Ultralife performed over the past 5 years?

64.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Ultralife has delivered over 20% year on year earnings growth in the past 5 years.

Ultralife's 1-year earnings growth exceeds its 5-year average (174.9% vs 64.7%)

Ultralife's earnings growth has exceeded the US Electrical industry average in the past year (174.9% vs 24%).


Return on Equity

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


Return on Assets

Ultralife used its assets more efficiently than the US Electrical industry average last year based on Return on Assets.


Return on Capital Employed

Ultralife has improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Ultralife's financial position?


Financial Position Analysis

Ultralife is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Ultralife's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Ultralife's level of debt (14.9%) compared to net worth is satisfactory (less than 40%).

Unable to establish if Ultralife's debt level has increased without past 5-year debt data.

Debt is well covered by operating cash flow (30.6%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 48.1x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 4.3x debt.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

Unable to evaluate Ultralife's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Ultralife's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Ultralife has not reported any payouts.

Unable to verify if Ultralife's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Ultralife has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

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

8.8yrs

Average management tenure


CEO

Mike Popielec (57yo)

8.8yrs

Tenure

US$955,717

Compensation

Mr. Michael D. Popielec, also known as Mike, has been the President and Chief Executive Officer of Ultralife Corporation since December 30, 2010. Mr. Popielec served as the Group President of Applied Techn ...


CEO Compensation Analysis

Mike's remuneration is higher than average for companies of similar size in United States of America.

Mike's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

8.8yrs

Average Tenure

The average tenure for the Ultralife management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

9.5yrs

Average Tenure

62yo

Average Age

The tenure for the Ultralife board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

BuyUS$12,57013 May 19
Robert Shaw
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,500
Max PriceUS$8.38
BuyUS$14,02017 Dec 18
Robert Shaw
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares2,000
Max PriceUS$7.01
BuyUS$14,12015 Nov 18
Thomas Saeli
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares2,000
Max PriceUS$7.06

Ownership Breakdown


Management Team

  • Mike Popielec (57yo)

    CEO, President & Director

    • Tenure: 8.8yrs
    • Compensation: US$955.72k
  • Phil Fain (64yo)

    CFO, Treasurer & Corporate Secretary

    • Tenure: 9.8yrs
    • Compensation: US$452.60k
  • Kenneth Bird

    President of Battery & Energy Products

    • Tenure: 3.3yrs
  • James J. Rasmussen

    President of Communication System

    • Tenure: 0yrs

Board Members

  • Bradford Whitmore (61yo)

    Chairman

    • Tenure: 9.5yrs
    • Compensation: US$97.50k
  • Raj Singh (66yo)

    Independent Director

    • Tenure: 19.1yrs
    • Compensation: US$90.00k
  • Tom Saeli (62yo)

    Independent Director

    • Tenure: 9.5yrs
    • Compensation: US$88.50k
  • Mike Popielec (57yo)

    CEO, President & Director

    • Tenure: 8.8yrs
    • Compensation: US$955.72k
  • Steven Anderson (62yo)

    Independent Director

    • Tenure: 9.4yrs
    • Compensation: US$85.26k
  • Bob Shaw (62yo)

    Independent Director

    • Tenure: 9.3yrs
    • Compensation: US$86.50k

Company Information

Ultralife Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Ultralife Corporation
  • Ticker: ULBI
  • Exchange: NasdaqGM
  • Founded: 1990
  • Industry: Electrical Components and Equipment
  • Sector: Capital Goods
  • Market Cap: US$132.406m
  • Shares outstanding: 15.76m
  • Website: https://www.ultralifecorporation.com/ecommerce/

Number of Employees


Location

  • Ultralife Corporation
  • 2000 Technology Parkway
  • Newark
  • New York
  • 14513
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ULBINasdaqGM (Nasdaq Global Market)YesCommon StockUSUSDDec 1992
ULBDB (Deutsche Boerse AG)YesCommon StockDEEURDec 1992

Biography

Ultralife Corporation designs, manufactures, installs, and maintains power, and communication and electronics systems for government, defense, and commercial sectors worldwide. The company operates in two  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/16 23:42
End of Day Share Price2019/09/16 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.