Ultralife Corporation
Find Ratings ReportsULTRALIFE CORP's gross profit margin for the fourth quarter of its fiscal year 2023 has increased when compared to the same period a year ago. Sales and net income have grown, and although the growth in revenues has outpaced the average competitor within the subsector, the net income growth has not. ULTRALIFE CORP has strong liquidity. Currently, the Quick Ratio is 1.77 which shows the ability to cover short-term cash needs. The company's liquidity has increased from the same period last year, indicating improving cash flow.
During the same period, stockholders' equity ("net worth") has increased by 7.78% from the same quarter last year. The key liquidity measurements indicate that the company is unlikely to face financial difficulties in the near future.
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Income Statement | Q4 FY23 | Q4 FY22 |
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Net Sales ($mil) | 44.55 | 36.11 |
EBITDA ($mil) | 4.62 | 2.32 |
EBIT ($mil) | 3.65 | 1.28 |
Net Income ($mil) | 2.87 | -0.22 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 10.28 | 5.71 |
Total Assets ($mil) | 178.28 | 168.43 |
Total Debt ($mil) | 25.62 | 23.51 |
Equity ($mil) | 125.33 | 116.28 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 27.26 | 24.39 |
EBITDA Margin | 10.35 | 6.42 |
Operating Margin | 8.19 | 3.55 |
Sales Turnover | 0.89 | 0.78 |
Return on Assets | 4.03 | -0.07 |
Return on Equity | 5.74 | -0.1 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 3.8 | 2.73 |
Debt/Capital | 0.17 | 0.17 |
Interest Expense | 0.57 | 0.37 |
Interest Coverage | 6.45 | 3.48 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 16.31 | 16.14 |
Div / share | 0.0 | 0.0 |
EPS | 0.17 | -0.01 |
Book value / share | 7.68 | 7.21 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 60339.0 | 102763.0 |
HOLD. This stock's P/E ratio indicates a discount compared to an average of 25.76 for the Electrical Equipment, Appliance, Component Manufac subsector and a discount compared to the S&P 500 average of 27.95. For additional comparison, its price-to-book ratio of 1.15 indicates a significant discount versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 4.14. The price-to-sales ratio is well below both the S&P 500 average and the subsector average, indicating a discount. Upon assessment of these and other key valuation criteria, ULTRALIFE CORP proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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ULBI 20.11 | Peers 25.76 | ULBI NA | Peers 21.85 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. ULBI is trading at a discount to its peers. |
Neutral. The P/CF ratio is the stock’s price divided by the sum of the company's cash flow from operations. It is useful for comparing companies with different capital requirements or financing structures. Ratio not available. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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ULBI NA | Peers 20.81 | ULBI 0.35 | Peers 2.83 | |||||||||||||||||||||
Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations. ULBI is trading at a significant discount to its peers. |
Discount. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. ULBI trades at a significant discount to its peers. |
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Price/Book |
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Earnings Growth |
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ULBI 1.15 | Peers 4.14 | ULBI NA | Peers -22.53 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. ULBI is trading at a significant discount to its peers. |
Neutral. Higher earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. The growth rate for ULBI is not available. |
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Price/Sales |
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Sales Growth |
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ULBI 0.91 | Peers 3.10 | ULBI 20.33 | Peers 28.53 | |||||||||||||||||||||
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. ULBI is trading at a significant discount to its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. ULBI significantly trails its peers on the basis of sales growth. |
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