Company Valuation: Ultralife Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 103.1 97.13 62.28 111.4 123.9 95.23
Change - -5.75% -35.88% 78.95% 11.15% -23.12%
Enterprise Value (EV) 1 95.97 112.2 80.07 130.3 175.4 138.9
Change - 16.9% -28.62% 62.75% 34.59% -20.83%
P/E 19.7x -414x -386x 15.5x 19.6x -16.1x
PBR 0.88x 0.83x 0.54x 0.89x 0.92x 0.73x
PEG - 4x 12.3x -0x -1.4x 0x
Capitalization / Revenue 0.96x 0.99x 0.47x 0.7x 0.75x 0.5x
EV / Revenue 0.89x 1.14x 0.61x 0.82x 1.07x 0.73x
EV / EBITDA 11.1x 27.7x 14.8x 9.74x 12.4x 9.86x
EV / EBIT 16.8x 220x 83.2x 13.8x 17.6x 16.2x
EV / FCF 6.52x -35x -49.9x -25x 79.2x 21.7x
FCF Yield 15.3% -2.86% -2% -4% 1.26% 4.61%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 0.329 -0.0146 -0.009999 0.44 0.38 -0.3544
Distribution rate - - - - - -
Net sales 1 107.7 98.27 131.8 158.6 164.5 191.2
EBITDA 1 8.636 4.049 5.422 13.39 14.12 14.08
EBIT 1 5.701 0.51 0.963 9.475 9.965 8.579
Net income 1 5.232 -0.234 -0.119 7.197 6.312 -5.898
Net Debt 1 -7.088 15.05 17.8 18.88 51.53 43.64
Reference price 2 6.470 6.040 3.860 6.820 7.450 5.720
Nbr of stocks (in thousands) 15,928 16,081 16,134 16,340 16,627 16,649
Announcement Date 2/4/21 A 3/8/22 A 3/31/23 A 3/21/24 A 4/1/25 A 3/23/26 A
1USD in Million2USD
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
25.02x2.97x16.24x2.06% 233B
14.13x1.74x7.89x3.62% 204B
38.45x5.65x23.79x1.02% 168B
48.72x6.52x29.22x1.02% 162B
26.59x3.47x15.93x1.83% 161B
30.89x4.44x21.76x0.87% 103B
96.27x11.92x68.16x0.33% 99.28B
40.8x6.71x26.94x0.1% 94.9B
32.58x4.04x21.69x1.05% 94.45B
Average 39.27x 5.28x 25.74x 1.32% 146.5B
Weighted average by Cap. 35.65x 4.75x 22.97x 1.58%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Ultralife Corporation

Historical PBR trend

Valuation ratios - PBR - Ultralife Corporation

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Ultralife Corporation

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Ultralife Corporation

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