Ultra Brands (ULTA) AI Stock Analysis

• Market Cap: C$924.39K
• Dividend Yield: N/A
• Average Volume (3M): 2.60K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.23
• Revenue Growth: N/A
• EPS Growth: 25.23%
• Country: CA
• Employees: N/A
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Agricultural Farm Products
• EPS (TTM): >-0.01
• Shares Outstanding: 18,487,896
• 10 Day Avg. Volume: 508
• 30 Day Avg. Volume: 2,602
• PEG Ratio: 4.79
• Price to Book (P/B): -0.19
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -2.29
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 43 Neutral
• Price Target: C$0.05 ▲(140.00% Upside)

The score is primarily held down by very weak financial performance (losses, negative equity, rising debt, and ongoing cash burn). Technical indicators show short-term momentum with price above key moving averages, but overbought readings increase reversal risk. Valuation offers limited support due to a negative P/E and no dividend yield.

Positive Factors

Omnichannel retail and salon services

A combined store + e-commerce model with in-store salon services diversifies revenue sources and customer touchpoints, improving resilience to channel-specific shocks. Salon services drive higher-margin service revenue and cross-sell opportunities, supporting long-term customer lifetime value.

Loyalty program and co-branded card

A mature loyalty program and co-branded card create recurring purchase behavior, richer customer data, and higher retention. These structural assets support repeat sales, reduce marketing cost per sale, and enable targeted promotions that sustain revenue over multiple quarters.

Vendor partnerships and private-label flexibility

Strong vendor partnerships and private-label options provide merchandising flexibility and potential promotional funding that can protect gross margins. Over time, these relationships lower supplier risk, enable exclusive assortments, and improve margin mix versus pure third-party dependence.

Negative Factors

Negative shareholders' equity and rising debt

Sustained negative equity signals an accumulated deficit and impaired balance-sheet capacity. Rising absolute debt amid low assets tightens refinancing options, increases financial risk, and limits the firm's ability to invest or weather downturns without dilutive or costly external financing.

Persistent negative operating and free cash flow

Ongoing operating and free cash flow deficits indicate the business cannot self-fund operations or growth, increasing reliance on external capital. Persistent cash burn constrains strategic flexibility, risks liquidity shortfalls, and can force asset sales, cost cutting, or dilutive financing over time.

Deep operating losses and missing revenue visibility

Large recurring losses and reported zero revenue in recent periods undermine margin analysis and forecasting. Without clear revenue scale, profitability improvements are uncertain, elevating execution risk and making it difficult to assess whether cost structure can be sustainably aligned with demand.

Ultra Brands Business Overview & Revenue Model

Company Description

Ultra Brands Ltd. operates as an agri-food holdings company. It offers plant-based chicken, pork, and beef products, including chicken tenders, chicken nuggets, pork cutlets, beef burgers, and other products. The company was formerly known as Feel Foods Ltd. and changed its name to Ultra Brands Ltd. in May 2022. Ultra Brands Ltd. was incorporated in 2001 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Ultra Brands generates revenue primarily through the sale of beauty and personal care products both in-store and online. The company operates numerous retail locations, providing customers with a hands-on shopping experience, and leverages its e-commerce platform to reach a broader audience. Key revenue streams include sales from cosmetics, skincare, haircare, and fragrance products. Additionally, Ultra Brands benefits from strategic partnerships with beauty brands and exclusive product offerings, which enhance its product assortment and appeal to consumers. The company also offers salon services in many of its stores, contributing an additional revenue stream. Ultra Brands' loyalty program further encourages repeat business and customer retention, supporting its overall revenue generation model.

Ultra Brands Financial Statement Overview

Summary

Financial health appears highly stressed: recurring operating losses and deeply negative EBITDA/net income in TTM, negative shareholders’ equity, rising debt versus very low assets, and continued negative operating and free cash flow indicating reliance on external funding.

Income Statement

Profitability is very weak and deteriorating: EBIT and net income are deeply negative in TTM (Trailing-Twelve-Months) (net loss of -307,333) versus a near-breakeven loss in 2024 (-386). Revenue is reported as zero in the last two periods (TTM and 2024), which limits visibility into operating scale and makes margin signals less meaningful; however, the consistent operating losses and large negative EBITDA in multiple years point to a challenged earnings profile with high execution risk.

Balance Sheet

The balance sheet is stressed, highlighted by negative shareholders’ equity in TTM (Trailing-Twelve-Months) (-1,121,087) and 2024 (-954,700), implying an accumulated deficit and limited balance-sheet flexibility. Total debt is elevated and rising (760,216 in TTM vs. 574,449 in 2024), while total assets remain low (~152k in TTM/2024), increasing refinancing and liquidity risk despite the debt-to-equity ratio being distorted by negative equity.

Cash Flow

Cash generation remains negative: operating cash flow is -138,234 in TTM (Trailing-Twelve-Months) (worse than -80,744 in 2024), and free cash flow is also negative (-138,229 in TTM). A positive free cash flow growth figure is shown, but it is occurring off a negative base and does not translate into actual cash profitability; overall, the company appears dependent on external funding given persistent cash burn.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	38.83K	63.48K	104.90K
Gross Profit	0.00	0.00	-57.50K	29.78K	-983.90K	104.90K
EBITDA	-237.84K	-331.66K	-349.18K	-1.43M	-12.38M	-289.15K
Net Income	-307.33K	-386.00	-454.00	-1.55M	-12.45M	-395.29K
Balance Sheet
Total Assets	152.90K	152.63K	214.02K	529.94K	847.93K	1.90M
Cash, Cash Equivalents and Short-Term Investments	52.92K	53.27K	4.21K	195.64K	289.41K	21.89K
Total Debt	760.22K	574.45K	445.94K	384.63K	298.15K	585.50K
Total Liabilities	1.27M	1.11M	782.27K	643.97K	392.01K	941.17K
Stockholders Equity	-1.12M	-954.70K	-568.25K	-114.03K	455.92K	963.73K
Cash Flow
Free Cash Flow	-138.23K	-80.74K	-187.11K	-667.73K	-2.35M	-37.75K
Operating Cash Flow	-138.23K	-80.74K	-187.10K	-667.73K	-2.35M	-37.75K
Investing Cash Flow	0.00	0.00	0.00	0.00	-291.30K	33.24K
Financing Cash Flow	191.05K	130.00K	-4.32K	573.96K	2.90M	16.91K

Ultra Brands Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.02
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ULTA, the sentiment is Positive. The current price of 0.02 is below the 20-day moving average (MA) of 0.03, below the 50-day MA of 0.03, and below the 200-day MA of 0.03, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 83.95 is Negative, neither overbought nor oversold. The STOCH value of 30.77 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:ULTA.

Ultra Brands Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JWEL	68 Neutral	C$1.45B	23.20	13.44%	2.67%	11.25%	58.21%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
ULTA	43 Neutral	C$924.39K	-3.01	―	―	―	25.23%
URAI	39 Underperform	C$44.92M	-20.00	-179.43%	―	―	-391.89%