Financials Ultimate Products Plc

Equities

ULTP

GB00BYX7MG58

Appliances, Tools & Housewares

Delayed London S.E. Other stock markets 05:22:46 2024-05-08 am EDT			5-day change	1st Jan Change
176.1 ^GBX	+1.22%		-0.78%	+16.64%

Apr. 29	Ultimate Products plc Nonexecutive Chair to Step Down; Successor Named	MT
Apr. 29	Ultimate Products plc Announces Directorate Change, on 31 July 2024	CI

Valuation

Fiscal Period: July	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	63.48	60.07	172.2	92.33	108.3	151.3	-	-
Enterprise Value (EV) ¹	77.93	67.24	191.1	116.6	123.1	160.4	157.8	161.5
P/E ratio	10.1 x	-	-	-	8.6 x	11.1 x	10.2 x	9.3 x
Yield	5.07%	5.14%	2.49%	6.65%	5.78%	4.5%	4.99%	5.55%
Capitalization / Revenue	0.52 x	0.52 x	1.26 x	0.6 x	0.65 x	0.91 x	0.85 x	0.81 x
EV / Revenue	0.63 x	0.58 x	1.4 x	0.76 x	0.74 x	0.96 x	0.89 x	0.86 x
EV / EBITDA	7.85 x	6.49 x	14.4 x	6.22 x	6.09 x	7.43 x	6.84 x	6.46 x
EV / FCF	-	-	-8.06 x	43.4 x	6.34 x	12.6 x	11.9 x	10.9 x
FCF Yield	-	-	-12.4%	2.3%	15.8%	7.95%	8.42%	9.13%
Price to Book	-	-	-	-	2.43 x	2.94 x	2.52 x	2.16 x
Nbr of stocks (in thousands)	78,861	78,111	85,260	86,287	86,289	86,938	-	-
Reference price ²	0.8050	0.7690	2.020	1.070	1.255	1.740	1.740	1.740
Announcement Date	11/5/19	11/3/20	11/2/21	11/3/22	10/31/23	-	-	-

¹GBP in Million²GBP

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: July	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	123.3	115.7	136.4	154.2	166.3	166.8	177.5	186.9
EBITDA ¹	9.928	10.36	13.29	18.75	20.21	21.61	23.08	25
EBIT ¹	-	8.916	-	-	17.95	19.31	20.82	22.7
Operating Margin	-	7.71%	-	-	10.79%	11.58%	11.73%	12.15%
Earnings before Tax (EBT) ¹	-	8.362	9.508	-	15.98	18.2	19.8	21.3
Net income ¹	6.462	-	-	-	12.59	13.13	14.26	15.6
Net margin	5.24%	-	-	-	7.57%	7.87%	8.03%	8.35%
EPS ²	0.0800	-	-	-	0.1460	0.1570	0.1710	0.1870
Free Cash Flow ¹	-	-	-23.7	2.687	19.4	12.75	13.28	14.75
FCF margin	-	-	-17.38%	1.74%	11.66%	7.64%	7.48%	7.89%
FCF Conversion (EBITDA)	-	-	-	14.33%	95.98%	59%	57.56%	59%
FCF Conversion (Net income)	-	-	-	-	154.14%	97.11%	93.17%	94.55%
Dividend per Share ²	0.0408	0.0396	0.0502	0.0712	0.0725	0.0782	0.0868	0.0965
Announcement Date	11/5/19	11/3/20	11/2/21	11/3/22	10/31/23	-	-	-

¹GBP in Million²GBP

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: July	2020 S1	2020 S2	2021 S1	2023 S1	2024 S1
Net sales ¹	-	47.99	75.38	87.61	84.18
EBITDA	7.075	3.114	8.207	-	-
EBIT	-	2.379	7.985	-	-
Operating Margin	-	4.96%	10.59%	-	-
Earnings before Tax (EBT)	-	2.341	7.161	-	-
Net income	-	-	5.715	-	-
Net margin	-	-	7.58%	-	-
EPS	-	-	-	-	-
Dividend per Share	-	0.0280	0.0169	-	-
Announcement Date	4/30/20	11/3/20	4/30/21	3/29/23	4/9/24

¹GBP in Million

Estimates

Balance Sheet Analysis

Fiscal Period: July	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	14.4	7.18	18.9	24.3	14.8	9.17	6.57	10.2
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	1.455 x	0.6926 x	1.422 x	1.296 x	0.732 x	0.4242 x	0.2846 x	0.408 x
Free Cash Flow ¹	-	-	-23.7	2.69	19.4	12.7	13.3	14.8
ROE (net income / shareholders' equity)	-	-	-	-	29.6%	26.4%	25%	23.8%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-	-
Book Value Per Share ²	-	-	-	-	0.5200	0.5900	0.6900	0.8000
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex ¹	-	0.6	2.2	1.84	1	0.98	0.99	0.95
Capex / Sales	-	0.52%	1.61%	1.2%	0.6%	0.59%	0.56%	0.51%
Announcement Date	11/5/19	11/3/20	11/2/21	11/3/22	10/31/23	-	-	-

¹GBP in Million²GBP

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Ultimate Products Plc

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

1.74 GBP

Average target price

2.2 GBP

Spread / Average Target

+26.44%

Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

Company calendar

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