Enovix Corporation (ENVX) vs Ultralife Corporation (ULBI)

Enovix Corporation and Ultralife Corporation are both Electrical Equipment & Parts companies. Enovix Corporation is the larger, with a market value of $526.7M against $260.5M — 2.0× the size. Enovix Corporation grew revenue faster over the last twelve months: 34.9% against 3.01%. Ultralife Corporation has the higher net margin (−1.54% vs −473.9%) and the higher return on invested capital (−1.49% vs −41.6%). Across the 17 metrics below, Ultralife Corporation leads on 14 and Enovix Corporation on 3.

Valuation

Metric ENVX ULBI Electrical Equipment & Parts median
P/E n/m n/m 24.14
P/S 14.68 1.36 2.33
P/B 2.48 1.94 2.49
Price to free cash flow n/m n/m 22.24
EV/EBITDA n/m n/m 12.18
EV/Sales 16.23 1.58 1.79
Earnings yield (33.20%) (1.20%) (6.07%)
Free cash flow yield (23.59%) (0.27%) (5.34%)

Profitability

Metric ENVX ULBI Electrical Equipment & Parts median
Gross margin 18.83% 25.67% 29.92%
Operating margin (496.54%) (2.18%) 0.00%
Net margin (473.89%) (1.54%) 0.00%
Free cash flow margin (346.17%) (0.36%) 0.00%
Return on equity (81.23%) (2.18%) 0.00%
Return on assets (26.80%) (1.33%) 0.00%
Return on invested capital (41.58%) (1.49%) 0.00%

Growth

Metric ENVX ULBI Electrical Equipment & Parts median
Revenue growth (TTM) 34.88% 3.01% 10.59%
EPS growth (last fiscal year) 36.97% (192.11%) 24.08%
Revenue growth, 5-year CAGR — 12.16% 9.92%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ENVX ULBI Electrical Equipment & Parts median
Debt to equity 2.51 0.38 0.15
Current ratio 9.71 2.97 2.34
Net debt to EBITDA (0.12) (292.07) 0.26

Dividend

Metric ENVX ULBI Electrical Equipment & Parts median
Dividend yield — — 0.33%
Payout ratio — — 0.09

Size

Metric ENVX ULBI Electrical Equipment & Parts median
Market cap 526.68m 260.45m 159.94m

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