UFP Technologies, Inc. logo UFPT - UFP Technologies, Inc.

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| PRICE TARGET: $298.00 DETAILS
HIGH: $344.00
LOW: $252.00
MEDIAN: $298.00
CONSENSUS: $298.00
UPSIDE: 30.15%
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Revenue
Revenue 602.8 504.4 400.1 353.8 206.3 179.4 198.4 190.5 147.8 146.1 138.8 139.3 139.2 131.0 127.2 120.8 99.2 110.0 93.6 93.7 84.0 68.6 60.9 61.2 61.6 74.5 58.8 47.2 45.5 39.4 34.1 31.9 30.5
Cost of Revenue 432.4 357.7 287.8 263.5 155.2 134.7 144.4 142.1 112.4 111.5 101.4 102.4 98.6 92.8 91.0 86.2 72.5 81.5 70.8 74.5 69.4 54.7 50.2 49.1 50.6 53.8 41.6 32.2 31.4 27.9 24.7 24.1 23.1
Gross Profit 170.4 146.7 112.2 90.3 51.1 44.7 54.0 48.3 35.5 34.6 37.5 36.9 40.6 38.2 36.2 34.6 26.7 28.6 22.8 19.2 14.6 14.0 10.7 12.1 10.9 20.7 17.2 15 14.1 11.5 9.4 7.8 7.4
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 10.5 1.1 1.3 1.3 1.4 1.2 1.3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 77.4 62.2 50.9 45.8 29.5 27.5 29.3 27.8 23.8 24.1 24.0 23.8 23.2 21.5 21.4 20.2 18.5 18.8 15.6 14.2 12.4 12.1 10.8 11.6 13.6 14.2 11.6 9.9 9.3 7.8 7 7.9 6
Other Expenses 0.6 3.6 3.7 (10.9) 0.4 0.5 0 0.1 (1.1) 0 0 0.3 0 (0.0) 0 0 0 0 0 0 0 0 0 0 0 3.1 2.3 1.9 1.8 1.5 1.3 1.2 0.5
Operating Expenses 78.1 65.8 54.6 34.9 29.9 28.0 29.3 27.8 23.8 24.1 24.0 23.8 23.2 21.5 21.4 20.2 18.5 18.8 15.6 14.2 12.4 12.1 10.8 11.6 13.6 17.3 13.9 11.8 11.1 9.3 8.3 9.1 6.5
Operating Income
Operating Income 92.3 80.9 57.7 55.4 21.2 16.7 24.7 19.6 11.7 12.2 11.7 11.6 17.4 16.7 15.7 14.4 8.2 8.4 7.2 5.1 2.2 2.1 (1.5) 0.5 (3.7) 3.4 3.3 3.2 3 2.2 1.1 (1.3) 0.9
Interest Expense 9.8 8.1 3.6 2.8 0.0 0.1 0.7 1.3 0.1 0.1 0.0 0.1 0.2 0.1 0.0 0.1 0.2 0.3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 0 0 0 0 0.0 0 0 0.0 0.2 0.1 0 0 0 0.0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 115.7 95.8 69.0 67.4 29.7 24.6 32.5 28.5 17.4 18.0 18.3 17.4 21.5 19.6 17.7 17.4 11.1 11.5 10.1 8.1 5.1 4.7 2.6 3.2 0.6 6.5 5.6 5.1 4.8 3.7 2.4 (0.1) 1.4
EBIT 92.3 81.1 57.5 55.5 21.2 16.4 24.3 20.7 11.8 12.4 13.4 11.9 17.4 16.7 15.7 14.4 8.2 9.7 7.2 5.1 2.2 1.9 (0.1) 0.5 (2.7) 3.4 3.3 3.2 3 2.2 1.1 (1.3) 0.9
Income Before Tax 82.5 73.0 53.9 52.7 21.2 16.3 23.6 18.4 11.9 12.3 11.7 11.8 17.2 16.6 15.7 14.4 8.8 8.1 6.7 4.0 0.9 1.4 (2.4) (0.4) (4.8) 2.0 2.8 2.7 2.3 1.7 0.7 (2.2) 0.4
Income Tax Expense 14.2 14.0 9.0 10.9 5.3 2.9 3.9 4.1 2.6 4.3 4.1 4.2 5.9 5.7 4.9 5.0 2.8 3.0 2.6 1.5 0.2 0.5 (0.8) (0.1) (1.7) 0.9 1.1 1.1 1 0.4 (0.2) 0.3 0.3
Net Income 68.3 59.0 44.9 41.8 15.9 13.4 19.8 14.3 9.2 8.0 7.6 7.6 11.3 10.9 10.3 9.2 5.9 5.1 4.2 2.5 0.7 0.9 (1.5) (0.2) (3.0) 1.1 1.7 1.6 1.3 1.3 0.9 (2.5) (0.2)
Per Share Data
EPS (Basic) 8.87 7.69 5.89 5.52 2.11 1.79 2.66 1.95 1.27 1.11 1.07 1.08 1.65 1.63 1.60 1.50 1.02 0.92 0.78 0.50 0.14 0.19 -0.34 -0.05 -0.72 0.25 0.35 0.35 0.28 0.26 0.19 -0.55 -0.04
EPS (Diluted) 8.77 7.58 5.83 5.45 2.09 1.77 2.63 1.93 1.26 1.10 1.05 1.05 1.59 1.55 1.48 1.37 0.94 0.82 0.71 0.45 0.13 0.17 -0.34 -0.05 -0.72 0.25 0.35 0.34 0.27 0.26 0.19 -0.55 -0.04
Shares Outstanding 7.7 7.7 7.6 7.6 7.5 7.5 7.4 7.3 7.2 7.2 7.1 7.0 6.8 6.7 6.5 6.2 5.8 5.5 5.3 5.0 4.8 4.6 4.5 4.3 4.2 4.4 4.8 4.7 4.7 4.9 4.7 4.5 5
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Current Assets
Cash & Cash Equivalents 20.3 13.4 5.3 4.5 11.1 24.2 3.7 3.2 38.0 31.4 15.0 6.7 0.3 0.3 0.0 0.0 0.1 0.3 0.5 0.2 0.1 0.5 0.4 1.4
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 88.2 89.7 65.7 55.1 39.4 26.4 28.9 28.3 21.4 21.2 14.2 12.8 11.8 9.6 8.5 9.5 10.7 9.7 7.9 6.4 5.6 4.9 4.6 4.7
Inventory 86.9 87.5 70.2 53.5 33.4 18.6 18.3 19.6 12.9 14.2 7.6 8.2 5.2 4.4 4.7 5.2 6.8 5.2 4.1 3.1 2.6 2.4 2.4 2.1
Other Current Assets 0 0 0 0 0 0 0 2.3 1.0 0.8 1.4 1.5 0.5 1.1 1.4 0 0.9 0.6 0.7 0.1 0.6 0.7 0.5 0.4
Total Current Assets 201.0 194.9 144.6 116.3 87.3 71.9 53.2 55.6 75.1 69.8 38.8 29.6 18.6 15.8 15.1 17.2 18.5 15.8 13.2 9.8 8.9 8.5 7.9 8.6
Non-Current Assets
Property, Plant & Equipment 98.0 86.7 75.7 71.2 65.9 55.9 59.8 57.7 53.7 48.5 12.2 11.8 11.4 11.5 11.2 12.0 12.5 10.6 10.9 11.2 9.7 7.6 6.2 6.5
Goodwill 197.4 189.7 113.3 113.0 107.9 51.8 51.8 51.8 7.3 7.3 6.5 6.5 0 0 0 6.4 0 0 0 0 0 0 0 0
Intangible Assets 140.8 144.3 64.1 68.4 67.6 19.7 21.0 22.2 0 0.3 0.8 0 6.5 6.5 6.5 0 6.7 4.5 4.7 2.5 2.6 3.7 4 4.2
Long-Term Investments 6.9 6.8 0 0 0 0 0 (4.1) (9.8) (11.1) (1,418.1) (1,488.6) 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 10.9 6.6 5.8 7.8 5.4 3.9 2.9 2.2 9.5 9.6 8.5 0.8 0.5 0.6 0.9 0.9 2.7 1 1.1 1.7 1.7 1 1 0.9
Total Non-Current Assets 464.7 434.1 259.5 261.8 246.8 131.3 135.5 134.0 63.1 58.1 20.7 19.1 21.1 20.9 20.3 20.9 21.8 16.1 16.7 15.4 14 12.3 11.2 11.6
Total Assets 665.7 629.0 404.1 378.2 334.1 203.2 188.8 189.6 138.2 127.9 59.5 48.7 39.6 36.7 35.4 38.1 40.4 31.9 29.9 25.2 22.9 20.8 19.1 20.2
Current Liabilities
Account Payables 24.3 24.3 22.3 20.0 10.6 4.1 4.6 6.8 4.2 4.0 4.3 3.3 3.7 2.6 2.6 3.8 4.4 2.4 2.6 1.5 2.2 1.8 2.3 3.4
Short-Term Debt 17.5 12.5 4 4 4 0 0 2.9 0 0.9 0.6 0.7 9.5 8.2 7.2 7.4 6.1 6 5.2 3.5 2.4 3.3 2.8 0.9
Deferred Revenue 4.2 4.7 6.6 4.7 4.2 1.9 2.6 2.5 0.3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 15.4 11.3 8.7 7.9 11.2 5.7 6.3 2.6 3.9 0 0 2.4 1.6 0 0 0 3.8 3.8 3.3 2.3 1.8 1.4 1.3 1.2
Total Current Liabilities 74.9 76.3 58.2 56.0 38.8 15.1 16.8 20.7 9.9 9.6 11.1 11.0 17.1 14.6 13.6 16.2 14.4 12.2 11.1 7.3 6.4 6.5 6.4 5.5
Non-Current Liabilities
Long-Term Debt 123.0 176.9 28 51 71 0 0 22.3 0 0 7.5 3.9 5.9 6.2 5.9 6.7 7.6 2.7 2.1 3.2 3.2 2.5 1.6 1.9
Deferred Tax Liabilities 19.9 3.3 0.4 0.4 3.3 5.1 4.9 4.1 2.4 3.5 0.8 0.1 0 0 0 0 0 0 0 0 0 0 0.2 0.3
Other Non-Current Liabilities 10.2 17.3 20.6 22.4 19.5 5.1 3.1 6.2 2.1 5.3 1.1 0.9 0.8 0.9 0.9 0.9 0.9 0.8 0.8 0.6 0.6 0.4 0.4 0.3
Total Non-Current Liabilities 167.0 209.9 59.8 84.7 100.9 11.2 10.0 28.5 4.6 5.3 9.4 5.9 8.3 9.0 7.8 7.7 8.5 3.5 2.9 3.8 3.8 2.9 2.2 2.5
Total Liabilities 241.9 286.2 118.0 140.6 139.7 26.3 26.8 49.1 14.5 14.9 20.4 16.8 25.4 23.6 21.3 23.9 22.8 15.7 14 11.1 10.2 9.4 8.6 8
Stockholders' Equity
Common Stock 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0 0 0 0 0 0 0
Retained Earnings 374.8 306.5 247.5 202.6 160.8 144.9 131.6 111.8 97.6 88.4 23.5 17.5 5.1 4.2 5.7 6.0 9.0 7.9 6.2 4.6 3.3 2 1.1 3.6
Accumulated Other Comprehensive Income 3.7 (4.2) 0.3 (0.6) 0 0 0 (54.1) (53.1) (48.3) (31.4) (28.9) (23.3) (21.7) (18.0) (16.3) (13.5) (11.1) (9.1) (8.9) (7.5) (6.2) (5.3) (4.5)
Total Stockholders' Equity 423.9 342.8 286.1 237.5 194.4 176.9 162.0 140.5 123.7 113.1 39.0 31.4 13.8 12.7 14.1 14.2 17.5 16.2 15.9 14.1 12.7 11.4 10.5 12.2
Total Liabilities & Equity 665.7 629.0 404.1 378.2 334.1 203.2 188.8 189.6 138.2 127.9 59.5 48.7 39.6 36.7 35.4 38.1 40.4 31.9 29.9 25.2 22.9 20.8 19.1 20.2
Debt Metrics
Total Debt 154.5 206.0 46.0 68.4 84.4 2.2 3.1 25.1 0 0.9 8.1 6.3 17.0 16.3 14.0 14.2 13.7 8.7 7.3 6.7 5.6 5.8 4.4 2.8
Net Debt 134.2 192.6 40.8 63.9 73.2 (22.0) (0.7) 21.9 (38.0) (30.5) (6.9) (0.5) 16.7 16.0 14.0 14.2 13.6 8.4 6.8 6.5 5.5 5.3 4 1.4
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Operating Activities
Net Income 68.3 59.0 44.9 41.8 15.9 13.4 19.8 14.3 9.2 8.0 0.7 0.9 (1.5) (0.2) (3.0) 1.1 1.7 1.6 1.3 1.3 0.9 (2.5) (0.2)
Depreciation & Amortization 19.1 14.7 11.4 11.9 8.4 8.3 8.2 7.8 5.6 5.6 2.9 2.5 2.7 2.7 3.3 3.1 2.3 1.9 1.8 1.5 1.3 1.2 0.5
Stock-Based Compensation 8.9 6.8 4.6 3.2 2.4 1.8 1.6 1.2 1.1 1.1 240.4 136.8 108.6 81.0 124.5 0 0 0 0 0 0 0 0
Change in Working Capital (9.7) (16.3) (24.1) (22.5) (10.6) 1.0 1.3 (3.9) 2.6 (5.7) (3.0) (2.2) (1.2) 0.2 1.4 (0.9) (3.1) 0.5 (0.5) 0.5 (0.7) (1.2) 1
Other Non-Cash Items 0.2 1.1 3.7 (12.0) (0.0) 0.5 0.4 (0.0) 0.0 (0.1) (239.9) (136.8) (107.0) (81.7) (123.4) 0.3 0.2 0.1 0.1 0.1 0 0.9 0.4
Operating Cash Flow 91.9 66.6 41.3 17.7 14.3 25.0 31.2 21.3 17.5 9.4 1.0 1.4 0.7 2.2 2.2 3.6 1.3 4.3 3.1 3 1.1 (1.7) 1.8
Investing Activities
Capital Expenditure (12.9) (9.7) (10.5) (13.8) (5.4) (4.4) (5.8) (5.4) (10.4) (7.3) (1.1) (2.1) (1.2) (0.9) (2.4) (2.4) (1.9) (3.9) (3.9) (3.4) (2.4) (1.6) (1.1)
Acquisitions (14.7) (197.5) 0 (20.7) (96.2) 0 0 (77.0) 0.0 0.0 0 0 0 (0.1) 0 (5.8) 0 0 0 0 0 0 0
Purchases of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities 0.1 (3.0) 0.0 35.7 0.1 0.1 0.0 0.1 0.0 0.0 0.0 0.0 0.3 0.1 0.0 0.1 (1.1) 0.3 (0.1) 0 0.1 (0.1) (3.6)
Investing Cash Flow (27.6) (210.2) (10.5) 1.3 (101.5) (4.3) (5.8) (82.3) (10.4) (7.3) (1.1) (2.1) (0.9) (1.0) (2.4) (8.2) (3) (3.6) (4) (3.4) (2.3) (1.7) (4.7)
Financing Activities
Net Debt Issuance (53.9) 157.3 (23.1) (20.1) 74.8 (0.0) (25.1) 25.1 (0.9) (1.0) 0.1 0.8 0.4 (1.3) 0.5 4.3 1.6 (0.5) 1 (0.1) 1.3 1.6 4.2
Stock Repurchased 0 0 0 0 0 0 (0.5) (0.1) 0 (0.6) 0 0 0 0 (0.5) 0 0 0 0 0 0 0 0
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities (4.4) (0.2) (7.0) (5.8) (0.8) (0.3) 0.7 1.1 0.4 0.5 (0.1) (0.1) 0 0 0 0 0 (0.1) (0.1) 0.1 0 0 0
Financing Cash Flow (58.2) 152.4 (30.0) (25.9) 74.0 (0.3) (24.9) 26.3 (0.5) (0.6) 0.0 0.7 0.4 (1.2) 0.1 4.4 1.6 (0.5) 1 0.1 1.3 2.4 4.2
Cash Position
Net Change in Cash 6.9 8.2 0.8 (6.7) (13.1) 20.5 0.5 (34.7) 6.6 1.6 (0.1) 0.0 0.3 (0.0) (0.1) (0.3) (0.2) 0.2 0.1 (0.3) 0.1 (1) 1.3
Cash at Beginning 13.4 5.3 4.5 11.1 24.2 3.7 3.2 38.0 31.4 29.8 0.3 0.3 0.0 0.0 0.1 0.3 0.5 0.2 0.1 0.5 0.4 1.4 0.2
Cash at End 20.3 13.4 5.3 4.5 11.1 24.2 3.7 3.2 38.0 31.4 0.3 0.3 0.3 0.0 0.0 0.1 0.3 0.4 0.2 0.2 0.5 0.4 1.5
Free Cash Flow 79.0 56.9 30.8 4.0 8.9 20.7 25.5 15.9 7.1 2.1 (0.1) (0.7) (0.5) 1.3 (0.2) 1.1 (0.6) 0.4 (0.8) (0.4) (1.3) (3.3) 0.7
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Income Statement
Revenue 602.8 504.4 400.1 353.8 206.3 179.4 198.4 190.5 147.8 146.1 138.8 139.3 139.2 131.0 127.2 120.8 99.2 110.0 93.6 93.7 84.0 68.6 60.9 61.2 61.6 74.5 58.8 47.2 45.5 39.4 34.1 31.9 30.5
Gross Profit 170.4 146.7 112.2 90.3 51.1 44.7 54.0 48.3 35.5 34.6 37.5 36.9 40.6 38.2 36.2 34.6 26.7 28.6 22.8 19.2 14.6 14.0 10.7 12.1 10.9 20.7 17.2 15 14.1 11.5 9.4 7.8 7.4
Operating Income 92.3 80.9 57.7 55.4 21.2 16.7 24.7 19.6 11.7 12.2 11.7 11.6 17.4 16.7 15.7 14.4 8.2 8.4 7.2 5.1 2.2 2.1 (1.5) 0.5 (3.7) 3.4 3.3 3.2 3 2.2 1.1 (1.3) 0.9
Net Income 68.3 59.0 44.9 41.8 15.9 13.4 19.8 14.3 9.2 8.0 7.6 7.6 11.3 10.9 10.3 9.2 5.9 5.1 4.2 2.5 0.7 0.9 (1.5) (0.2) (3.0) 1.1 1.7 1.6 1.3 1.3 0.9 (2.5) (0.2)
EPS (Diluted) 8.77 7.58 5.83 5.45 2.09 1.77 2.63 1.93 1.26 1.10 1.05 1.05 1.59 1.55 1.48 1.37 0.94 0.82 0.71 0.45 0.13 0.17 -0.34 -0.05 -0.72 0.25 0.35 0.34 0.27 0.26 0.19 -0.55 -0.04
Balance Sheet
Cash & Equivalents 20.3 13.4 5.3 4.5 11.1 24.2 3.7 3.2 38.0 31.4 15.0 6.7 0.3 0.3 0.0 0.0 0.1 0.3 0.5 0.2 0.1 0.5 0.4 1.4
Total Assets 665.7 629.0 404.1 378.2 334.1 203.2 188.8 189.6 138.2 127.9 59.5 48.7 39.6 36.7 35.4 38.1 40.4 31.9 29.9 25.2 22.9 20.8 19.1 20.2
Total Debt 154.5 206.0 46.0 68.4 84.4 2.2 3.1 25.1 0 0.9 8.1 6.3 17.0 16.3 14.0 14.2 13.7 8.7 7.3 6.7 5.6 5.8 4.4 2.8
Stockholders' Equity 423.9 342.8 286.1 237.5 194.4 176.9 162.0 140.5 123.7 113.1 39.0 31.4 13.8 12.7 14.1 14.2 17.5 16.2 15.9 14.1 12.7 11.4 10.5 12.2
Cash Flow
Operating Cash Flow 91.9 66.6 41.3 17.7 14.3 25.0 31.2 21.3 17.5 9.4 1.0 1.4 0.7 2.2 2.2 3.6 1.3 4.3 3.1 3 1.1 (1.7) 1.8
Capital Expenditure (12.9) (9.7) (10.5) (13.8) (5.4) (4.4) (5.8) (5.4) (10.4) (7.3) (1.1) (2.1) (1.2) (0.9) (2.4) (2.4) (1.9) (3.9) (3.9) (3.4) (2.4) (1.6) (1.1)
Free Cash Flow 79.0 56.9 30.8 4.0 8.9 20.7 25.5 15.9 7.1 2.1 (0.1) (0.7) (0.5) 1.3 (0.2) 1.1 (0.6) 0.4 (0.8) (0.4) (1.3) (3.3) 0.7