Ultralife Corp

Miscellaneous
Industrial Machinery/Components
www.ultralifecorporation.com

Earnings Score
Moat Score
Safety Score

Market Cap $132.57M
PE 15
Debt $7.89M
Cash $6.77M
EV $133.68M
FCF $13.69M

Earnings

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Sales & Net Margins

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Earnings	$8.97M
EBIT	$11.96M
ROE	7%
ROA	7%
FCF	$13.69M
Equity	$134.63M
Growth Stability	-4%
PE	14.78
PEG	1.94
PB	0.98
P/FCF	9.68
P/S	0.8
Price/Cash	0.05
Debt/Equity	0.06
Debt/FCF	0.58
Net Margins	5%
Gross Margins	26%
Op. Margins	7%
Earnings CAGR	1%
Sales Growth YoY	-10%
Sales Growth QoQ	-17%
Sales CAGR	9%
FCF CAGR	3%
Equity CAGR	8%
Earnings Stability	0.01
Earnings Growth YoY	-80%
Earnings Growth QoQ	-91%

Earnings CAGR 5Y	8%
Sales CAGR 5Y	14%
FCF CAGR 5Y	-17%
Equity CAGR 5Y	3%
Earnings CAGR 3Y	24%
Sales CAGR 3Y	24%
FCF CAGR 3Y	51%
Equity CAGR 3Y	6%
Market Cap	$132.57M
Revenue	$165.15M
Assets	$172.44M
Total Debt	$7.89M
Cash	$6.77M
Shares Outstanding	16.53M
EV	133.68M
Earnings Score	6%
Moat Score	80%
Safety Score	67%
Final Score	51%
Working Capital	60.23M
Current Ratio	3.3
Gross Profit	$43.12M
Shares Growth 3y	0%
Equity Growth QoQ	1%
Equity Growth YoY	11%

Assets & ROA

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Stockholders Equity & ROE

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Ultralife Corp provides products and services ranging from power solutions to communications and electronics systems to customers across the globe in the government and defense, medical, safety and security, energy, and industrial sectors. The company design, manufacture, install and maintain power and communications systems including rechargeable and non-rechargeable batteries, charging systems, communications and electronics systems and accessories, and custom-engineered systems. The company's segments include Battery and Energy Products, and Communications Systems. It generates maximum revenue from Battery and Energy Products segment.

SEC Filings

Direct access to Ultralife Corp (ULBI) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Ultralife Corp compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Ultralife Corp compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 1%

Stability 1%

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Ultralife Corp Discounted Cash Flow

Fully customizable DCF calculator online for Ultralife Corp.

Years

Calculation mode

= $167M

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$14M	$14M	$15M	$15M	$15M	$16M	$16M	$17M	$17M	$18M	$18M	$183M
DCF		$13M	$12M	$11M	$10M	$9.8M	$9.2M	$8.6M	$8M	$7.5M	$7M	$70M
Value	$167M

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	4%	4%	9%	29%	5%	5%	-0%	-0%	5%	5%
ROA	-	4%	7%	6%	5%	5%	0%	0%	5%	7%
ROE	-	5%	10%	24%	5%	4%	-0%	-0%	6%	7%

Bad Net Margins (5.07%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-	-	-	-1.85	0.07	13.8	-7.99	-44.54	0.58
Debt over Equity	-	-	-	-	0.16	0.01	0.18	0.2	0.22	0.06
Growth Stability	-	-	-	100%	43%	42%	-2%	-4%	100%	-4%

Good Debt/FCF ratio (0.58)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Good Debt/Equity ratio (0.06)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (-4%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	8%	4%	2%	22%	1%	-9%	34%	20%	14%
Earnings YoY growth	-	23%	120%	226%	-79%	1%	-104%	-49%	-6K%	8%
Equity YoY growth	-	3%	16%	32%	5%	7%	1%	-1%	8%	3%
FCF YoY growth	-	14%	-9%	14%	-238%	-301%	-92%	-295%	-79%	-17%