Ultra Electronics is an internationally successful defense, security, transport and energy company. By applying differentiated solutions to a wide range of international platforms and programmes, Ultra has built an exceptionally broad range of niche market positions. It offers support to customers through the design, delivery and support phases of a programme. Operationally, Ultra Electronics is organised into three divisions: aircraft & vehicle systems, information & power systems and tactical & sonar systems.

Type
Public
HQ
London, GB
Founded
1920
Size (employees)
4,466 (est)-7%
Ultra Electronics was founded in 1920 and is headquartered in London, GB
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Key People/Management at Ultra Electronics

Rakesh Sharma

Rakesh Sharma

Chief Executive Officer
Douglas Caster

Douglas Caster

Chairman
Amitabh Sharma

Amitabh Sharma

Group Finance Director

Ultra Electronics Office Locations

Ultra Electronics has offices in Staffordshire, Buckinghamshire, Cambridgeshire, Hampshire and in 31 other locations
London, GB (HQ)
Ultra Electronics 417 Bridport Road Greenford Middlesex
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Ultra Electronics Financials and Metrics

Ultra Electronics Financials

Ultra Electronics's revenue was reported to be £775.40 m in FY, 2017 which is a 1.3% decrease from the previous period.
GBP

Revenue (FY, 2017)

775.4 m

Revenue growth (FY, 2016 - FY, 2017), %

(1.3%)

Gross profit (FY, 2017)

230.2 m

Gross profit margin (FY, 2017), %

29.7%

Net income (FY, 2017)

48.9 m

EBIT (FY, 2017)

61.5 m

Market capitalization (31-Oct-2017)

1.3 b

Closing share price (31-Oct-2017)

18.3

Cash (31-Dec-2017)

149.5 m

EV

1.4 b
Ultra Electronics's current market capitalization is £1.3 b.
Annual
GBPFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

713.7 m726.3 m785.8 m775.4 m

Revenue growth, %

(4%)2%8%(1%)

Cost of goods sold

494.3 m499.5 m536.6 m545.2 m

Gross profit

219.4 m226.8 m249.2 m230.2 m
Half Year
GBPH1, 2014H1, 2015H1, 2017H1, 2017

Revenue

341 m331.7 m366.6 m366.4 m

Cost of goods sold

246.2 m

Gross profit

94.8 m

Gross profit Margin, %

28%
Annual
GBPFY, 2014FY, 2015FY, 2016FY, 2017

Cash

41.3 m45.5 m74.6 m149.5 m

Accounts Receivable

91.6 m92.1 m97.7 m205.6 m

Inventories

73.7 m81.8 m78.2 m76.6 m

Current Assets

308.7 m343.6 m378.2 m443.3 m
Half Year
GBPH1, 2014

Cash

46.1 m

Accounts Receivable

78.5 m

Inventories

64.4 m

Current Assets

349.3 m
Annual
GBPFY, 2014FY, 2015FY, 2016FY, 2017

Depreciation and Amortization

43 m45.6 m49.5 m42.2 m

Inventories

(4.4 m)6.6 m8.3 m(2.1 m)

Accounts Payable

(57.3 m)(44.4 m)(19 m)24.4 m

Cash From Operating Activities

68.7 m47.8 m92.8 m77.6 m
Half Year
GBPH1, 2014H1, 2015H1, 2017H1, 2017

Cash From Operating Activities

35.3 m15.8 m38.5 m30.5 m

Purchases of PP&E

(5.1 m)

Cash From Investing Activities

(111.9 m)

Dividends Paid

(20.5 m)
GBPY, 2017

EV/EBIT

22.2 x

EV/CFO

17.6 x

Revenue/Employee

166.6 k

Debt/Equity

0.4 x

Debt/Assets

0.2 x

Financial Leverage

2.1 x

P/E Ratio

27.7
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Ultra Electronics Operating Metrics

Ultra Electronics's Backlog was reported to be £897.4m in FY, 2017.
FY, 2014H1, 2015FY, 2015H1, 2017FY, 2016FY, 2017

Order Intake

£638.10 m£778.30 m£901.40 m

Backlog

£787.30 m£762.10 m£753.80 m£807.80 m£799.30 m£897.40 m

Order Book (Aerospace & Infrastructure)

£252.90 m£243.10 m£265.40 m£255.80 m£267.80 m£283.20 m

Order Book (Communications & Security)

£214.50 m£194.40 m£213.70 m£234.50 m£227 m£258.70 m
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Ultra Electronics Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Sparton July 07, 2017$235 m
Furnace Parts October 14, 2015$12 m
Kratos Defense and Security Solutions June 01, 2015$265 m
W&D Holdings Limited October 28, 2013£6 m
RFI June 07, 2012$12.50 m
3e Technologies International January 10, 2011$30 m
AEP Networks Limited January 10, 2011$57.50 m
Scytale October 19, 2009
Avalon Systems July 08, 2009$16.50 m
Tisys SA May 21, 2009
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