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Ultra Electronics Holdings (ULE)

Sector:

Aerospace and Defence

Index:

FTSE 250

Market Cap

£751.52m

Change Today

Price Up4.00p (0.36%)

Share Price

1,104.00p

ULE Overview

Ultra Electronics specialises in the designs and manufacture of electronic and electromechanical products, notably for the defence industry such as aircraft, ships and armoured vehicles.

1 Day Chart (02-Dec-2008)

1 Day Chart

6 Month Chart

6 Month Chart

Income & Efficiency

Latest F'cast
Div Yield 1.9% 2.1%
Div Cover 3.1 3.1
Op Mrgn 14.3% 14.4%
ROCE 629.2%  

Valuation

Latest F'cast
P/E 16.9 14.7
PEG 1.4 1.0
Pr/Revenue 1.8 1.6
Pr/Book 5.3  

Growth

Latest F'cast
Revenue 9.5% 17.2%
PBT 2.9% 23.3%
EPS 12.0% 14.9%
DPS 14.6% 14.9%

ULE Fundamentals

Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield
31-Dec-03 a284.35 a29.49 38.20p 13.8 0.9 +15% 12.30p 2.3%
31-Dec-04 310.74 40.09 43.70p 15.8 1.1 +14% 13.80p 2.0%
31-Dec-05 342.41 40.70 50.70p 19.6 1.2 +16% 15.90p 1.6%
31-Dec-06 377.04 55.01 58.40p 18.6 1.2 +15% 18.50p 1.7%
31-Dec-07 412.89 56.60 65.40p 21.0 1.8 +12% 21.20p 1.5%

a. Based on UK GAAP presentation of accounts - includes discontinued activities

ULE Forecasts

Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield
31-Dec-08 483.73 69.79 75.13p 14.7 1.0 +15% 24.35p 2.1%
31-Dec-09 547.46 80.16 86.57p 12.8 0.8 +15% 27.40p 2.4%

Covering analysts: Arden Partners, Credit Suisse, Deutsche Bank Research, Evolution Securities, Goldman Sachs, HSBC Securities, Merrill Lynch, Numis Securities, Oriel Securities

ULE Company Announcements

Director/PDMR Shareholding 01-Dec-2008 14:51 RNS
Acquisition 01-Dec-2008 07:00 RNS
Total Voting Rights 28-Nov-2008 11:37 RNS

ULE ShareCast News

Tuesday tips round-up: Bodycote, Cranswick, Ultr... 18-Nov-2008 ShareCast
London close: Footsie falls as gloom persists 17-Nov-2008 ShareCast
London afternoon: Oils provide isolated cheer 17-Nov-2008 ShareCast

ULE Top Newspaper Links

US soldiers' demand for video downloads drives p... 05-Aug-2008 Telegraph
BAE loses out on massive MoD deal 06-Oct-2007 Telegraph
'Speed investing' aims to sow seeds of rewarding... 28-Sep-2007 The Independent

Latest ULE Director Deals

Traded Action Notifier PriceAmountValue
01-Dec-08 Buy David Jeffcoat 1,125.00p 12 £135.00
01-Dec-08 Buy Andrew Hamment 1,125.00p 11 £123.75
01-Dec-08 Buy Douglas Caster 1,125.00p 11 £123.75

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: In the case of dual listed securities, broker recommendations and forecasts relate to the primary listing.

Note 6: Forecast figures based on normalised accounts.

 

ULE Market Data

Currency UK Pounds
Share Price 1,104.00p Price Up
Change Today +4.00p
52 Week High 1,384.00
52 Week Low 990.00
Volume 113,884
Shares Issued 68.07m
Market Cap £751.52m
Beta 0.52
RiskGrade 231

ULE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
99.42% below the market average99.42% below the market average99.42% below the market average99.42% below the market average99.42% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Price Trend
85.13% above the market average85.13% above the market average85.13% above the market average85.13% above the market average85.13% above the market average
84.62% above the sector average84.62% above the sector average84.62% above the sector average84.62% above the sector average84.62% above the sector average
Income
94.08% below the market average94.08% below the market average94.08% below the market average94.08% below the market average94.08% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Growth
42.24% below the market average42.24% below the market average42.24% below the market average42.24% below the market average42.24% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 6
Sell 1
Strong Sell 0
Total 8
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

ULE Dividends

  Latest Previous
  Interim Final
Ex-Div 20-Aug-08 09-Apr-08
Paid 26-Sep-08 06-May-08
Amount 8.00p 14.50p

Trades for 02-Dec-2008

Time Volume / Share Price
16:45 5,408 @ 1,104.00p
16:43 74 @ 1,100.00p
16:39 2,300 @ 1,104.00p
16:35 10,265 @ 1,104.00p
16:29 9 @ 1,096.00p

ULE Key Personnel

CEO Douglas Caster
Chair Julian Blogh

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