Ultralife Corporation (ULBI) - Net Assets
Based on the latest financial reports, Ultralife Corporation (ULBI) has net assets worth $137.43 Million USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($222.25 Million) and total liabilities ($84.81 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Ultralife Corporation liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $137.43 Million |
| % of Total Assets | 61.84% |
| Annual Growth Rate | 5.22% |
| 5-Year Change | 14.77% |
| 10-Year Change | 103.13% |
| Growth Volatility | 32.24 |
Ultralife Corporation - Net Assets Trend (1991–2024)
This chart illustrates how Ultralife Corporation's net assets have evolved over time, based on quarterly financial data. Also explore ULBI asset base for the complete picture of this company's asset base.
Annual Net Assets for Ultralife Corporation (1991–2024)
The table below shows the annual net assets of Ultralife Corporation from 1991 to 2024. For live valuation and market cap data, see Ultralife Corporation (ULBI) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $134.19 Million | +6.98% |
| 2023-12-31 | $125.43 Million | +7.75% |
| 2022-12-31 | $116.40 Million | -1.14% |
| 2021-12-31 | $117.74 Million | +0.70% |
| 2020-12-31 | $116.92 Million | +6.54% |
| 2019-12-31 | $109.75 Million | +4.99% |
| 2018-12-31 | $104.53 Million | +32.24% |
| 2017-12-31 | $79.05 Million | +16.49% |
| 2016-12-31 | $67.86 Million | +2.72% |
| 2015-12-31 | $66.06 Million | -8.14% |
| 2014-12-31 | $71.91 Million | -2.35% |
| 2013-12-31 | $73.64 Million | +0.26% |
| 2012-12-31 | $73.45 Million | +0.31% |
| 2011-12-31 | $73.23 Million | -0.77% |
| 2010-12-31 | $73.80 Million | -5.53% |
| 2009-12-31 | $78.11 Million | -11.39% |
| 2008-12-31 | $88.15 Million | +39.91% |
| 2007-12-31 | $63.01 Million | +59.15% |
| 2006-12-31 | $39.59 Million | -36.26% |
| 2005-12-31 | $62.11 Million | -2.39% |
| 2004-12-31 | $63.62 Million | +84.80% |
| 2003-12-31 | $34.43 Million | +62.68% |
| 2002-12-31 | $21.16 Million | -42.73% |
| 2001-12-31 | $36.95 Million | -19.78% |
| 2000-12-31 | $46.07 Million | -22.05% |
| 1999-12-31 | $59.10 Million | -8.51% |
| 1998-12-31 | $64.60 Million | +48.85% |
| 1997-12-31 | $43.40 Million | -23.05% |
| 1996-12-31 | $56.40 Million | 0.00% |
| 1995-12-31 | $56.40 Million | -2.76% |
| 1994-12-31 | $58.00 Million | +110.14% |
| 1993-12-31 | $27.60 Million | +1.85% |
| 1992-12-31 | $27.10 Million | +8.40% |
| 1991-12-31 | $25.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ultralife Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 3154200000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $2.11 Million | 1.57% |
| Other Comprehensive Income | $-4.01 Million | -2.99% |
| Other Components | $170.34 Million | 127.12% |
| Total Equity | $134.00 Million | 100.00% |
Ultralife Corporation Competitors by Market Cap
The table below lists competitors of Ultralife Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
YONGHE MED.GR.DL-0000025
F:L97
|
$106.95 Million |
|
Kingwaytek Technology Co Ltd
TWO:6516
|
$106.96 Million |
|
Zuari Agro Chemicals Limited
NSE:ZUARI
|
$106.98 Million |
|
AS HARJU ELEKTER EO 063
F:HD8
|
$106.99 Million |
|
Jay Bharat Maruti Limited
NSE:JAYBARMARU
|
$106.84 Million |
|
Bursa De Valori Bucuresti SA
RO:BVB
|
$106.81 Million |
|
Beta Systems Software AG
F:SPT6
|
$106.76 Million |
|
UVAT Technology Co Ltd
TWO:3580
|
$106.75 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ultralife Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 125,332,000 to 133,995,000, a change of 8,663,000 (6.9%).
- Net income of 6,312,000 contributed positively to equity growth.
- Other comprehensive income decreased equity by 345,999.
- Other factors increased equity by 2,696,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $6.31 Million | +4.71% |
| Other Comprehensive Income | $-346.00K | -0.26% |
| Other Changes | $2.70 Million | +2.01% |
| Total Change | $- | 6.91% |
Book Value vs Market Value Analysis
This analysis compares Ultralife Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.86x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.74x to 0.86x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1991-12-31 | $9.26 | $6.86 | x |
| 1992-12-31 | $6.78 | $6.86 | x |
| 1993-12-31 | $5.07 | $6.86 | x |
| 1994-12-31 | $8.53 | $6.86 | x |
| 1996-12-31 | $7.23 | $6.86 | x |
| 1997-12-31 | $5.48 | $6.86 | x |
| 1998-12-31 | $7.75 | $6.86 | x |
| 1999-12-31 | $5.64 | $6.86 | x |
| 2000-12-31 | $4.22 | $6.86 | x |
| 2001-12-31 | $3.32 | $6.86 | x |
| 2002-12-31 | $1.71 | $6.86 | x |
| 2003-12-31 | $2.47 | $6.86 | x |
| 2004-12-31 | $4.22 | $6.86 | x |
| 2005-12-31 | $4.27 | $6.86 | x |
| 2006-12-31 | $2.66 | $6.86 | x |
| 2007-12-31 | $4.05 | $6.86 | x |
| 2008-12-31 | $4.98 | $6.86 | x |
| 2009-12-31 | $4.59 | $6.86 | x |
| 2010-12-31 | $4.30 | $6.86 | x |
| 2011-12-31 | $4.23 | $6.86 | x |
| 2012-12-31 | $4.22 | $6.86 | x |
| 2013-12-31 | $4.22 | $6.86 | x |
| 2014-12-31 | $4.12 | $6.86 | x |
| 2015-12-31 | $4.03 | $6.86 | x |
| 2016-12-31 | $4.42 | $6.86 | x |
| 2017-12-31 | $4.99 | $6.86 | x |
| 2018-12-31 | $6.40 | $6.86 | x |
| 2019-12-31 | $6.78 | $6.86 | x |
| 2020-12-31 | $7.26 | $6.86 | x |
| 2021-12-31 | $7.33 | $6.86 | x |
| 2022-12-31 | $7.21 | $6.86 | x |
| 2023-12-31 | $7.72 | $6.86 | x |
| 2024-12-31 | $7.99 | $6.86 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ultralife Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.71%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.84%
- • Asset Turnover: 0.75x
- • Equity Multiplier: 1.65x
- Recent ROE (4.71%) is above the historical average (-6.82%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1991 | -6.80% | -113.33% | 0.05x | 1.14x | $-4.20 Million |
| 1992 | -2.95% | -20.51% | 0.13x | 1.11x | $-3.51 Million |
| 1993 | -11.23% | -58.49% | 0.18x | 1.09x | $-5.86 Million |
| 1994 | -5.86% | -23.29% | 0.23x | 1.08x | $-9.20 Million |
| 1996 | -5.67% | -21.19% | 0.25x | 1.07x | $-8.84 Million |
| 1997 | -16.59% | -45.28% | 0.32x | 1.15x | $-11.54 Million |
| 1998 | -10.84% | -42.68% | 0.23x | 1.09x | $-13.46 Million |
| 1999 | -12.01% | -33.65% | 0.32x | 1.10x | $-13.01 Million |
| 2000 | -22.23% | -41.78% | 0.44x | 1.22x | $-14.85 Million |
| 2001 | -46.71% | -71.44% | 0.52x | 1.25x | $-20.96 Million |
| 2002 | -118.99% | -77.45% | 1.08x | 1.42x | $-27.30 Million |
| 2003 | 18.72% | 8.11% | 1.52x | 1.52x | $3.00 Million |
| 2004 | 35.10% | 22.75% | 1.21x | 1.28x | $15.97 Million |
| 2005 | -7.00% | -6.16% | 0.87x | 1.30x | $-10.56 Million |
| 2006 | -69.43% | -29.38% | 0.96x | 2.47x | $-31.45 Million |
| 2007 | 8.86% | 4.06% | 1.13x | 1.94x | $-717.70K |
| 2008 | 15.50% | 5.36% | 1.97x | 1.47x | $4.85 Million |
| 2009 | -11.84% | -5.37% | 1.31x | 1.68x | $-17.05 Million |
| 2010 | -8.38% | -3.46% | 1.56x | 1.56x | $-13.56 Million |
| 2011 | -2.84% | -1.49% | 1.38x | 1.38x | $-9.41 Million |
| 2012 | -2.17% | -1.57% | 1.04x | 1.33x | $-8.95 Million |
| 2013 | -1.26% | -1.17% | 0.87x | 1.22x | $-8.30 Million |
| 2014 | -2.94% | -3.18% | 0.76x | 1.22x | $-9.32 Million |
| 2015 | 4.33% | 3.75% | 0.94x | 1.23x | $-3.75 Million |
| 2016 | 5.16% | 4.26% | 0.97x | 1.25x | $-3.29 Million |
| 2017 | 9.66% | 8.94% | 0.88x | 1.23x | $-272.30K |
| 2018 | 23.83% | 28.59% | 0.73x | 1.15x | $14.47 Million |
| 2019 | 4.74% | 4.87% | 0.74x | 1.32x | $-5.77 Million |
| 2020 | 4.48% | 4.86% | 0.78x | 1.18x | $-6.45 Million |
| 2021 | -0.20% | -0.24% | 0.62x | 1.36x | $-12.00 Million |
| 2022 | -0.10% | -0.09% | 0.78x | 1.45x | $-11.75 Million |
| 2023 | 5.74% | 4.54% | 0.89x | 1.42x | $-5.34 Million |
| 2024 | 4.71% | 3.84% | 0.75x | 1.65x | $-7.09 Million |
Industry Comparison
This section compares Ultralife Corporation's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $123,494,394
- Average return on equity (ROE) among peers: -71.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ultralife Corporation (ULBI) | $137.43 Million | -6.80% | 0.62x | $106.85 Million |
| Advent Technologies Holdings Inc (ADN) | $-21.30 Million | 0.00% | 0.00x | $1.38 Million |
| Ads Tec Energy PLC (ADSE) | $33.92 Million | -162.39% | 2.67x | $642.11 Million |
| Advanced Energy Industries Inc (AEIS) | $376.55 Million | -0.47% | 0.12x | $14.26 Billion |
| Amprius Technologies Inc. (AMPX) | $1.17 Million | -634.56% | 4.70x | $1.30 Billion |
| Asia Pacific Wire & Cable Corp Ltd (APWC) | $234.61 Million | 4.67% | 0.66x | $63.09 Million |
| Atkore International Group Inc (ATKR) | $1.47 Billion | 46.99% | 1.00x | $2.02 Billion |
| Acuity Brands Inc (AYI) | $993.50 Million | 12.82% | 0.92x | $8.87 Billion |
| Bloom Energy Corp (BE) | $-1.97 Billion | 0.00% | 0.00x | $39.20 Billion |
| CBAK Energy Technology Inc (CBAT) | $113.46 Million | -2.16% | 1.48x | $70.92 Million |
| CCSC Technology International Holdings Limited Ordinary Shares (CCTG) | $1.39 Million | 20.24% | 0.55x | $2.10 Million |
About Ultralife Corporation
Ultralife Corporation, together with its subsidiaries, designs, manufactures, installs, and maintains power, and communication and electronics systems worldwide. The company operates in two segments, Battery & Energy Products and Communications Systems. The Battery & Energy Products segment offers lithium 9-volt, cylindrical, thin lithium manganese dioxide, rechargeable, and other non-rechargeabl… Read more