UFP Technologies Inc Stock Research

Market Summary

USD105.73-1.52

Market Closed

-1.42%

UFPT Stock Price

UFPT RSI Chart

UFPT Valuation

Market Cap

801.3M

Price/Earnings (Trailing)

21.93

Price/Sales (Trailing)

2.51

EV/EBITDA

14.15

Price/Free Cashflow

-69.91

UFPT Price/Sales (Trailing)

UFPT Profitability

EBT Margin

14.92%

Return on Equity

16.16%

Return on Assets

9.41%

Free Cashflow Yield

-1.43%

UFPT Fundamentals

UFPT Revenue

Revenue (TTM)

318.9M

Revenue Y/Y

91.18%

Revenue Q/Q

2.78%

UFPT Earnings

Earnings (TTM)

36.5M

Earnings Y/Y

415.7%

Earnings Q/Q

118.84%

Price Action

52 Week Range

56.10126.78

(Low)(High)

Last 7 days

-10.7%

Last 30 days

-5.8%

Last 90 days

14.3%

Trailing 12 Months

56.2%

UFPT Financial Health

Current Ratio

2.27

Debt/Equity

0.31

Debt/Cashflow

0.01

UFPT Investor Care

Shares Dilution (1Y)

0.63%

Diluted EPS (TTM)

4.79

Peers (Alternatives to UFP Tech)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AMCR	17.8B	14.6B	0.34%	5.39%	21.31	1.22	12.30%	-11.45%
IP	17.1B	21.1B	10.91%	-14.24%	8.87	0.81	12.81%	7.29%
AVY	15.2B	9.2B	4.67%	-3.76%	18.61	1.65	11.94%	9.08%
PKG	13.0B	8.5B	8.98%	-0.96%	12.54	1.52	15.42%	38.33%
MID-CAP
SEE	7.7B	5.8B	9.33%	-19.29%	13.4	1.34	7.94%	23.52%
ATR	7.4B	3.3B	3.26%	0.60%	31.01	2.2	5.62%	-0.96%
BERY	6.0B	14.5B	0.79%	-10.77%	7.93	0.41	4.66%	4.50%
SON	5.9B	7.0B	0.50%	10.28%	13.52	0.84	26.89%	367.63%
OI	2.9B	6.8B	14.29%	43.50%	4.77	0.43	7.74%	697.40%
SMALL-CAP
FOE	1.8B	-	1.57%	27.74%	12.39	1.64	-	-
KALU	1.4B	3.5B	16.92%	-3.54%	-925.51	0.39	69.37%	89.51%
MYE	865.0M	881.1M	6.47%	35.66%	15.99	0.98	25.99%	84.79%
UFPT	801.3M	318.9M	-5.77%	56.17%	21.93	2.51	63.43%	117.03%
CMT	126.2M	364.1M	15.65%	79.64%	16.16	0.35	23.44%	132.29%

Financials for UFP Tech

Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3
Revenue	17.0%	319	273	229	206	195
Gross Profit	20.3%	80	67	56	51	49
S&GA Expenses	13.5%	42	37	32	29	28
EBITDA	55.7%	61	39	32	-	-
EBITDA Margin	33.1%	0.19*	0.14*	0.14*	-	-
Earnings Before Taxes	73.7%	48	27	22	21	21
EBT Margin	48.5%	0.15*	0.10*	0.10*	-	-
Interest Expenses	69.5%	2	1	0	0	0
Net Income	75.7%	37	21	17	16	17
Net Income Margin	50.3%	0.11*	0.08*	0.07*	-	-
Free Cahsflow	-83.6%	-11.46	-6.24	1	-	-

* denotes actual numbers (not divided by Millions)

Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3
Assets	-1.7%	388	395	363	334	221
Current Assets	3.6%	130	126	98	87	91
Cash Equivalents	78.2%	10	6	4	11	33
Inventory	6.5%	54	51	43	33	22
Net PPE	-14.8%	56	66	63	57	53
Goodwill	-2.0%	113	115	7	108	4
Liabilities	-13.6%	162	188	164	140	30
Current Liabilities	7.5%	57	53	39	35	19
Long Term Debt	-29.0%	71	100	95	75	-
LT Debt, Current	0%	4	4	4	4	-
LT Debt, Non Current	-30.2%	67	96	91	71	-
Shareholder's Equity	9.1%	226	207	199	194	191
Retained Earnings	11.2%	194	175	166	161	158
Additional Paid-In Capital	3.1%	35	34	34	34	34
Accumulated Depreciation	-27.8%	51	71	72	70	69
Shares Outstanding	0.2%	8	8	8	8	8

* denotes actual numbers (not divided by Millions)

Cashflow (Last 12 Months)					(In Thousands)
Description	(%) Q/Q	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3
Cashflow From Operations	-89.2%	472	4,371	7,743	14,293	21,976
Share Based Compensation	8.9%	3,027	2,780	2,619	2,428	2,240
Cashflow From Investing	27.0%	-92,978.00	-127,341.00	-122,985.00	-101,459.00	-5,535.00
Cashflow From Financing	-29.3%	69,469	98,323	93,476	74,049	-782.00

Risks for UFPT

What is the probability of a big loss on UFPT?

58.9%

Probability that UFP Tech stock will be more than 20% underwater in next one year

19.2%

Probability that UFP Tech stock will be more than 30% underwater in next one year.

Probability that UFP Tech stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does UFPT drawdown profile look like?

Y-axis is the maximum loss one would have experienced if UFP Tech was unfortunately bought at previous high price.

Drawdowns

Returns for UFPT

Cumulative Returns on UFPT

18.8%

10-Year Cumulative Returns

25.4%

7-Year Cumulative Returns

29.6%

5-Year Cumulative Returns

31.0%

3-Year Cumulative Returns

What are the long-term rolling returns for UFPT?

FIve years rolling returns for UFP Tech.

Annualized Returns

Which funds bought or sold UFPT recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-01-26	STRS OHIO	reduced	-8.2	137,000	660,000	-%
2023-01-26	Calamos Advisors LLC	new	-	522,724	522,724	-%
2023-01-26	Inspire Investing, LLC	new	-	235,426	235,426	0.03%
2023-01-25	Lindbrook Capital, LLC	sold off	-100	-	-	-%
2023-01-23	Allspring Global Investments Holdings, LLC	reduced	-24.32	477,412	12,588,400	0.02%
2023-01-19	Ellsworth Advisors, LLC	reduced	-4.27	121,635	551,635	0.21%
2023-01-19	Eagle Ridge Investment Management	unchanged	-	88,437	326,437	0.04%
2023-01-19	Mesirow Financial Investment Management, Inc.	reduced	-38.57	-106,701	573,299	2.41%
2023-01-18	CONGRESS ASSET MANAGEMENT CO /MA	added	76.17	2,216,310	3,777,310	0.04%
2023-01-13	Allworth Financial LP	unchanged	-	589	589	-%

Latest Funds Activity

Are funds buying UFPT calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own UFPT

No. of Funds

UFP Tech News

Schedule 13G FIlings of UFP Tech

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Jan 19, 2023	altravue capital, llc	3.92%	296,971	SC 13G/A
Apr 06, 2022	bailly r jeffrey	-	0	SC 13G/A
Feb 14, 2022	thrivent financial for lutherans	8.63%	650,129	SC 13G
Feb 11, 2022	renaissance technologies llc	5.78%	435,373	SC 13G/A
Feb 08, 2022	altravue capital, llc	5.15%	387,741	SC 13G/A
Feb 01, 2022	blackrock inc.	6.0%	449,271	SC 13G/A
Sep 07, 2021	altravue capital, llc	5.05%	380,061	SC 13G
Feb 16, 2021	thrivent financial for lutherans	8.50%	636,824	SC 13G
Feb 11, 2021	renaissance technologies llc	6.92%	518,875	SC 13G/A
Feb 10, 2021	bailly r jeffrey	-	0	SC 13G/A

UFPT Fair Value

Recent SEC filings of UFP Tech

View All Filings

Date Filed	Form Type	Document
Jan 19, 2023	SC 13G/A	Major Ownership Report
Dec 16, 2022	4	Insider Trading
Nov 23, 2022	4	Insider Trading
Nov 22, 2022	4	Insider Trading
Nov 21, 2022	4	Insider Trading
Nov 17, 2022	4	Insider Trading
Nov 15, 2022	8-K	Current Report
Nov 14, 2022	10-Q/A	Quarterly Report
Nov 10, 2022	4	Insider Trading
Nov 09, 2022	10-Q	Quarterly Report

Latest Insider Trading transactions for UFPT

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2022-12-15	BAILLY R JEFFREY	sold (taxes)	-187,845	114.47	-1,641	president and ceo
2022-12-15	BAILLY R JEFFREY	acquired	-	-	3,494	president and ceo
2022-11-22	OBERDORF THOMAS	sold	-1,793,470	116.968	-15,333	-
2022-11-21	BAILLY R JEFFREY	sold	-1,162,710	117.719	-9,877	president and ceo
2022-11-18	BAILLY R JEFFREY	sold	-3,686,620	115.735	-31,854	president and ceo
2022-11-17	BAILLY R JEFFREY	sold	-2,252,950	117.152	-19,231	president and ceo
2022-11-16	BAILLY R JEFFREY	sold	-115,288	116.57	-989	president and ceo
2022-11-15	BAILLY R JEFFREY	sold	-1,521,880	116.628	-13,049	president and ceo
2022-11-08	BAILLY R JEFFREY	sold	-1,000,560	115.9	-8,633	president and ceo
2022-11-07	BAILLY R JEFFREY	gifted	-	-	-8,633	president and ceo

About UFP Tech

R. Jeffrey Bailly

www.ufpt.com

2020

UFP Technologies, Inc. designs and custom manufactures components, subassemblies, products, and packaging utilizing specialized foams, films, and plastics primarily for the medical market. Its single-use and single-patient devices and components are used in a range of medical devices, disposable wound care products, infection prevention, minimally invasive surgery, wearables, orthopedic soft goods, and orthopedic implant packaging. The company also provides engineered products and components to customers in the automotive, aerospace and defense, consumer, electronics, and industrial markets, which are applied in military uniform and gear components, automotive interior trim, athletic padding, environmentally protective packaging, air filtration, abrasive nail files, and protective cases and inserts. It markets and sells its products in the United States principally through a direct sales force, as well as independent manufacturer representatives. The company was founded in 1963 and is headquartered in Newburyport, Massachusetts.

UFPT Income Statement

2022-09-30

Condensed Consolidated Statements of Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Net sales	$ 96,970	$ 50,723	$ 262,555	$ 149,977
Cost of sales	71,447	38,707	195,575	111,938
Gross profit	25,523	12,016	66,980	38,039
Selling, general & administrative expenses	11,822	6,806	33,909	21,343
Acquisition costs	10	154	1,027	154
Change in fair value of contingent consideration	3,346	0	9,348	0
Gain on sale of Molded Fiber business	(15,623)		(15,623)
Loss (Gain) on sale of property, plant & equipment	3	(21)	(6,206)	(42)
Operating income	25,965	5,077	44,525	16,584
Interest income	(11)	0	(33)	(11)
Interest income	11	(0)	33	11
Interest expense	841	16	1,924	0
Other (income) expenses	(104)	4	(313)	(2)
Income before income tax expense	25,239	5,057	42,947	16,575
Income tax expense	5,699	1,268	9,620	3,908
Net income	$ 19,540	$ 3,789	$ 33,327	$ 12,667
Net income per share:
Basic (in dollars per share)	$ 2.58	$ 0.50	$ 4.41	$ 1.68
Diluted (in dollars per share)	$ 2.56	$ 0.50	$ 4.37	$ 1.67
Weighted average common shares outstanding:
Basic (in shares)	7,570	7,531	7,559	7,522
Diluted (in shares)	7,638	7,597	7,629	7,585
Comprehensive Income
Net income	$ 19,540	$ 3,789	$ 33,327	$ 12,667
Other comprehensive income:
Foreign currency translation adjustment	(1,725)	0	(2,860)	0
Other comprehensive loss	(1,725)	0	(2,860)	0
Comprehensive income	$ 17,815	$ 3,789	$ 30,467	$ 12,667

UFPT Balance Sheet

2022-09-30

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 9,937	$ 11,117
Receivables, net	61,477	39,384
Inventories	53,821	33,436
Prepaid expenses and other current assets	2,421	3,383
Refundable income taxes	2,590	0
Total current assets	130,246	87,320
Property, plant and equipment	107,809	126,837
Less accumulated depreciation and amortization	(51,463)	(70,268)
Net property, plant and equipment	56,346	56,569
Goodwill	112,657	107,905
Intangible assets, net	69,041	67,585
Non-qualified deferred compensation plan	3,882	4,327
Finance lease right of use assets	226	271
Operating lease right of use assets	12,114	9,053
Other assets	3,807	1,102
Total assets	388,319	334,132
Current liabilities:
Accounts payable	20,899	10,611
Accrued expenses	26,019	12,700
Deferred revenue	4,173	4,247
Finance lease liabilities	59	58
Operating lease liabilities	2,250	2,181
Income taxes payable	0	909
Current installments of long-term debt	4,000	4,000
Total current liabilities	57,400	34,706
Long-term debt, excluding current installments	67,000	71,000
Deferred income taxes	4,127	3,263
Non-qualified deferred compensation plan	3,886	4,337
Finance lease liabilities	171	215
Operating lease liabilities	10,029	6,903
Other liabilities	19,547	19,262
Total liabilities	162,160	139,686
Commitments and contingencies
Stockholders’ equity:
Preferred stock, $.01 par value, 1,000,000 shares authorized; no shares issued	0	0
Common stock, $.01 par value, 20,000,000 shares authorized; 7,608,164 and 7,578,605 shares issued and outstanding, respectively, at September 30, 2022; 7,564,645 and 7,535,086 shares issued and outstanding, respectively, at December 31, 2021	76	75
Additional paid-in capital	35,396	34,151
Retained earnings	194,134	160,807
Accumulated other comprehensive loss	(2,860)	0
Treasury stock at cost: 29,559 shares at September 30, 2022 and December 31, 2021	(587)	(587)
Total stockholders’ equity	226,159	194,446
Total liabilities and stockholders' equity	$ 388,319	$ 334,132