Latest Ratios: P/E Ratio 0.5x · EV/EBITDA -5.0x · ROE 25.1%. (2017–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3M | $6M | $79M | $65M | $104M | $188M | $274M | — | — | — |
| Enterprise Value | $-20471950 | $-17688935 | $59M | $49M | $93M | $184M | $256M | — | — | — |
| P/E Ratio → | 0.53 | 0.96 | 1.75 | 23.03 | — | — | — | — | — | — |
| P/S Ratio | 0.04 | 0.08 | 0.86 | 0.76 | 1.46 | 2.55 | 3.06 | — | — | — |
| P/B Ratio | 0.12 | 0.22 | 3.66 | 4.05 | 11.23 | 9.38 | 4.86 | — | — | — |
| P/FCF | 1.47 | 2.66 | 15.23 | 14.64 | 26.23 | — | — | — | — | — |
| P/OCF | 1.05 | 1.90 | 8.60 | 10.00 | 23.70 | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | -0.22 | 0.64 | 0.58 | 1.29 | 2.49 | 2.85 | — | — | — |
| EV / EBITDA | -5.03 | -4.34 | 8.77 | 13.31 | — | — | — | — | — | — |
| EV / EBIT | -16.31 | -2.20 | 12.77 | 18.57 | — | — | — | — | — | — |
| EV / FCF | — | -7.57 | 11.35 | 11.11 | 23.25 | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 52.4% | 52.4% | 48.4% | 49.0% | 45.5% | 29.6% | 31.6% | 41.0% | 36.5% | 34.4% |
| Operating Margin | 1.5% | 1.5% | 4.8% | 3.0% | -26.9% | -62.2% | -70.3% | 3.5% | -18.3% | -18.8% |
| Net Profit Margin | 7.7% | 7.7% | 5.0% | 3.3% | -27.8% | -62.4% | -70.8% | 3.3% | -21.0% | -22.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 25.1% | 25.1% | 24.2% | 22.2% | -135.1% | -120.4% | -128.3% | 17.6% | -160.0% | — |
| ROA | 9.5% | 9.5% | 7.5% | 5.5% | -35.1% | -56.0% | -67.7% | 6.1% | -31.3% | -21.6% |
| ROIC | 29.5% | 29.5% | 363.4% | 559.1% | -224.4% | -128.7% | -201.3% | 46.8% | — | — |
| ROCE | 4.7% | 4.7% | 21.8% | 19.2% | -128.6% | -119.1% | -127.0% | 13.6% | -46.9% | -26.9% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.31 | 0.31 | 0.46 | 0.48 | 0.33 | 0.16 | 0.07 | 0.16 | 0.31 | — |
| Debt / EBITDA | 2.19 | 2.19 | 1.47 | 2.07 | — | — | — | 0.78 | — | — |
| Net Debt / Equity | — | -0.83 | -0.93 | -0.98 | -1.28 | -0.23 | -0.32 | -0.79 | -1.89 | — |
| Net Debt / EBITDA | -5.87 | -5.87 | -3.00 | -4.24 | — | — | — | -3.93 | — | — |
| Debt / FCF | — | -10.22 | -3.89 | -3.54 | -2.98 | — | — | -11.48 | — | — |
| Interest Coverage | 40.93 | 40.93 | 23.53 | 19.98 | -43.82 | -244.13 | -220.86 | 13.02 | -6.71 | -4.84 |
Net cash position: cash ($33M) exceeds total debt ($9M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.67 | 1.67 | 1.32 | 1.25 | 1.13 | 1.05 | 1.77 | 1.77 | 1.82 | 2.84 |
| Quick Ratio | 1.55 | 1.55 | 1.29 | 1.20 | 1.04 | 0.92 | 1.63 | 1.52 | 1.53 | 2.67 |
| Cash Ratio | 1.26 | 1.26 | 0.92 | 0.79 | 0.74 | 0.44 | 1.02 | 0.85 | 0.87 | 1.67 |
| Asset Turnover | — | 1.20 | 1.41 | 1.51 | 1.56 | 1.10 | 0.92 | 1.76 | 1.57 | 0.96 |
| Inventory Turnover | 8.88 | 8.88 | 36.03 | 19.98 | 10.74 | 8.48 | 10.48 | 7.84 | 6.68 | 11.29 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 100.0% | 103.7% | 57.1% | 4.3% | — | — | — | — | — | — |
| FCF Yield | 68.2% | 37.6% | 6.6% | 6.8% | 3.8% | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — |
| Shares Outstanding | — | $4M | $38M | $37M | $31M | $29M | $26M | $28M | $26M | $16M |
Travel-dependent revenue volatility
As reported in recent financial data, UCL trades at a P/S ratio of 0.04, suggesting that the market heavily discounts the company's revenue potential compared to broader telecommunications peers, likely due to the persistent contraction in top-line growth and the inherent volatility of the international travel market.
The extremely low P/S multiple indicates that investors are currently assigning minimal value to the company's platform-as-a-service ambitions. This valuation appears to reflect a deep skepticism regarding the company's ability to pivot away from cyclical roaming revenue toward more stable, recurring data connectivity models.
Based on quarterly figures, UCL's ROIC has exhibited extreme volatility, swinging from a negative 142.6% in 2024Q4 to a positive 16.3% in 2025Q4, which highlights the difficulty in generating consistent, value-accretive returns on invested capital within the current high-cost, hardware-dependent business model.
The erratic nature of these returns suggests that the company's capital allocation is not yet driving a predictable compounding effect. Investors should monitor whether the recent improvement in ROIC is a sustainable trend or merely a temporary artifact of non-operating income and cost-cutting measures.
According to recent financial statements, UCL's cash conversion cycle has fluctuated significantly, reaching 3 days in 2025Q4, which indicates that the company's ability to efficiently manage its supplier payments and customer receivables remains highly sensitive to the timing of wholesale data procurement and hardware sales cycles.
The variability in the CCC suggests that UCL lacks the structural leverage over its MNO partners to consistently optimize its working capital. This inefficiency forces the company to maintain a larger cash buffer than would otherwise be necessary to navigate the inherent timing mismatches in its service delivery.
As indicated by the reported debt-to-equity ratio of 0.31 in 2025Q4, UCL maintains a highly conservative balance sheet, which provides a critical layer of protection against the company's ongoing struggle to achieve consistent operating profitability and its exposure to cyclical travel-related revenue downturns.
The minimal reliance on external debt is a prudent strategy given the company's narrow operating margins and the high R&D requirements of its Cloud SIM platform. This financial flexibility allows the company to weather periods of revenue contraction without the immediate threat of insolvency or restrictive debt covenants.
The P/E ratio is frequently misapplied to UCL, as the company's net income is often distorted by non-operating items and tax credits, which obscures the underlying operational performance and makes the current 0.53 TTM P/E a misleading indicator of the company's true earning power.
Analysts should instead focus on EV/EBITDA or free cash flow metrics to better assess the company's ability to generate cash from its core connectivity services. Relying on P/E in this context risks overestimating the company's profitability and ignoring the significant gap between accounting earnings and actual cash generation.
Includes 30+ ratios · 9 years · Updated daily
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying UCL stock.
uCloudlink Group Inc.'s current P/E ratio is 0.5x. The historical average is 8.6x.
uCloudlink Group Inc.'s current EV/EBITDA is -5.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.0x.
uCloudlink Group Inc.'s return on equity (ROE) is 25.1%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is -56.8%.
Based on historical data, uCloudlink Group Inc. is trading at a P/E of 0.5x. Compare with industry peers and growth rates for a complete picture.
uCloudlink Group Inc. has 52.4% gross margin and 1.5% operating margin.
uCloudlink Group Inc.'s Debt/EBITDA ratio is 2.2x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.