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.


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

-0.4%

ULBI

3.6%

US Electrical

1.8%

US Market


1 Year Return

7.6%

ULBI

2.0%

US Electrical

7.3%

US Market

Return vs Industry: ULBI exceeded the US Electrical industry which returned 2% over the past year.

Return vs Market: ULBI exceeded the US Market which returned 7.3% over the past year.


Shareholder returns

ULBIIndustryMarket
7 Day-0.4%3.6%1.8%
30 Day-6.2%-1.2%-0.7%
90 Day-1.8%1.8%0.06%
1 Year7.6%7.6%4.2%2.0%9.7%7.3%
3 Year89.8%89.8%41.1%32.7%46.3%36.9%
5 Year171.1%171.1%35.1%21.6%64.5%46.5%

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 compared to its fair value and its price relative to the market?

5.43x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: ULBI ($8.16) is trading above our estimate of fair value ($1)

Significantly Undervalued: ULBI is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: ULBI is good value based on its PE Ratio (5.4x) compared to the Electrical industry average (14.9x).

PE vs Market: ULBI is good value based on its PE Ratio (5.4x) compared to the US market (17.7x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: ULBI is good value based on its PB Ratio (1.2x) compared to the US Electrical industry average (1.5x).


Next Steps

Future Growth

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

4.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ULBI's forecast earnings growth (4.4% per year) is above the savings rate (2.7%).

Earnings vs Market: ULBI's earnings (4.4% per year) are forecast to grow slower than the US market (14.6% per year).

High Growth Earnings: ULBI's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if ULBI's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if ULBI's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


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

Earnings Trend: ULBI has become profitable over the past 5 years, growing earnings by 64.7% per year.

Accelerating Growth: ULBI's earnings growth over the past year (174.9%) exceeds its 5-year average (64.7% per year).

Earnings vs Industry: ULBI earnings growth over the past year (174.9%) exceeded the Electrical industry 24%.


Return on Equity

High ROE: ULBI's Return on Equity (22.6%) is considered high.


Return on Assets

ROA vs Industry: ULBI has a higher Return on Assets than the Electrical industry average last year.


Return on Capital Employed

ROCE Improving: ULBI has improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Ultralife's financial position?


Financial Position Analysis

Short Term Liabilities: ULBI's short term assets ($68.6M) exceeds its short term liabilities ($20.3M)

Long Term Liabilities: ULBI's short term assets (68.6M) exceeds its long term liabilities (15.4M)


Debt to Equity History and Analysis

Debt Level: ULBI's debt to equity ratio (14.9%) is considered satisfactory

Reducing Debt: Insufficient data to determine if ULBI's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: ULBI's debt is well covered by operating cash flow (30.6%).

Interest Coverage: ULBI's interest payments on its debt are well covered by EBIT (48.1x coverage).


Balance Sheet

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

Debt Coverage by Assets: ULBI's debt is covered by short term assets (assets are 4.348240x debt).


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.7%industryaverage2.4%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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

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


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

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


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

Compensation vs. Market: Mike's total compensation ($USD955.72K) is about average for companies of similar size in the US market ($USD491.38K).

Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.


Management Age and Tenure

8.8yrs

Average Tenure

Experienced Management: ULBI's management team is seasoned and experienced (8.8 years average tenure).


Board Age and Tenure

9.6yrs

Average Tenure

62yo

Average Age

Experienced Board: ULBI's board of directors are considered experienced (9.6 years average tenure).


Insider Trading

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


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: 9.9yrs
    • Compensation: US$452.60k
  • James J. Rasmussen

    President of Communication System

    • Tenure: 0yrs
  • Michael Manna

    President of Battery & Energy Products

    • Tenure: 0.08yrs

Board Members

  • Bradford Whitmore (61yo)

    Independent Chairman

    • Tenure: 9.6yrs
    • Compensation: US$97.50k
  • Raj Singh (66yo)

    Independent Director

    • Tenure: 19.2yrs
    • Compensation: US$90.00k
  • Tom Saeli (62yo)

    Independent Director

    • Tenure: 9.6yrs
    • Compensation: US$88.50k
  • Mike Popielec (57yo)

    CEO, President & Director

    • Tenure: 8.8yrs
    • Compensation: US$955.72k
  • 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$128.623m
  • 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 Analysis2019/10/17 23:45
End of Day Share Price2019/10/17 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.