Tecogen Inc. (TGEN) vs Ultralife Corporation (ULBI)

Tecogen Inc. and Ultralife Corporation are both Electrical Equipment & Parts companies. Ultralife Corporation is the larger, with a market value of $100.8M against $91.2M — 1.1× the size. Ultralife Corporation grew revenue faster over the last twelve months: 4.69% against −6.45%. Ultralife Corporation has the higher net margin (−3.50% vs −42.3%) and the higher return on invested capital (−3.05% vs −55.9%). Across the 18 metrics below, Ultralife Corporation leads on 14 and Tecogen Inc. on 4.

Valuation

Metric TGEN ULBI Electrical Equipment & Parts median
P/E n/m n/m 36.10
P/S 3.72 0.54 2.73
P/B 5.21 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 3.55 0.75 2.75
Earnings yield (11.15%) (6.56%) (5.84%)
Free cash flow yield (12.96%) 2.00% 0.00%

Profitability

Metric TGEN ULBI Electrical Equipment & Parts median
Gross margin 36.22% 24.38% 25.38%
Operating margin (42.79%) (4.45%) 0.00%
Net margin (42.28%) (3.50%) 0.00%
Free cash flow margin (48.13%) 1.08% 0.00%
Return on equity (78.46%) (4.83%) 0.94%
Return on assets (34.67%) (3.00%) (1.50%)
Return on invested capital (55.91%) (3.05%) 0.00%

Growth

Metric TGEN ULBI Electrical Equipment & Parts median
Revenue growth (TTM) (6.45%) 4.69% 9.28%
EPS growth (last fiscal year) (57.89%) (192.11%) —
Revenue growth, 5-year CAGR (0.85%) 12.16% 9.80%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric TGEN ULBI Electrical Equipment & Parts median
Debt to equity 0.06 0.34 0.08
Current ratio 2.93 2.87 2.18
Net debt to EBITDA 1.83 (292.07) 0.26

Dividend

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

Size

Metric TGEN ULBI Electrical Equipment & Parts median
Market cap 91.17m 100.81m 177.98m

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