NeoVolta, Inc. (NEOV) vs Ultralife Corporation (ULBI)

NeoVolta, Inc. and Ultralife Corporation are both Electrical Equipment & Parts companies. NeoVolta, Inc. is the larger, with a market value of $141.6M against $100.8M — 1.4× the size. NeoVolta, Inc. grew revenue faster over the last twelve months: 324.7% against 4.69%. Ultralife Corporation has the higher net margin (−3.50% vs −63.4%) and the higher return on invested capital (−3.05% vs −54.8%). Across the 18 metrics below, Ultralife Corporation leads on 14 and NeoVolta, Inc. on 4.

Valuation

Metric NEOV ULBI Electrical Equipment & Parts median
P/E n/m n/m 36.10
P/S 4.80 0.54 2.73
P/B 3.91 0.77 3.57
Price to free cash flow n/m 50.03 33.31
EV/EBITDA n/m n/m 18.07
EV/Sales 4.20 0.75 2.75
Earnings yield (15.28%) (6.56%) (5.84%)
Free cash flow yield (10.46%) 2.00% 0.00%

Profitability

Metric NEOV ULBI Electrical Equipment & Parts median
Gross margin 21.32% 24.38% 25.38%
Operating margin (51.96%) (4.45%) 0.00%
Net margin (63.42%) (3.50%) 0.00%
Free cash flow margin (50.25%) 1.08% 0.00%
Return on equity (88.13%) (4.83%) 0.94%
Return on assets (73.05%) (3.00%) (1.50%)
Return on invested capital (54.84%) (3.05%) 0.00%

Growth

Metric NEOV ULBI Electrical Equipment & Parts median
Revenue growth (TTM) 324.68% 4.69% 9.28%
EPS growth (last fiscal year) (114.29%) (192.11%) —
Revenue growth, 5-year CAGR 11.80% 12.16% 9.80%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric NEOV ULBI Electrical Equipment & Parts median
Debt to equity 0.00 0.34 0.08
Current ratio 8.10 2.87 2.18
Net debt to EBITDA 0.09 (292.07) 0.26

Dividend

Metric NEOV ULBI Electrical Equipment & Parts median
Dividend yield — — 0.84%
Payout ratio — 0.00 0.00

Size

Metric NEOV ULBI Electrical Equipment & Parts median
Market cap 141.64m 100.81m 177.98m

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