(KULR) KULR Technology - Overview
Sector: Technology | Industry: Electronic Components | Exchange: NYSE MKT (USA) | Market Cap: 213m USD | Total Return: -52% in 12m
Avg Turnover: 5.86M
Rev. Trend: 94.1%
Qual. Beats: 1
Warnings
Interest Coverage Ratio -324.7 is critical
Beneish M-Score -0.14 > -1.5 - likely earnings manipulation
Altman Z'' -15.00 < 1.0 - financial distress zone
Overextended 3d Choppy
Tailwinds
No distinct edge detected
KULR Technology Group, Inc. specializes in thermal management and battery safety solutions for high-performance applications, including aerospace, defense, and digital infrastructure. The company’s product portfolio features patented thermal runaway shields (TRS), phase change material heatsinks, and the KULR VIBE vibration reduction software. Its engineering services support the development of specialized battery systems for space exploration and electric vertical take-off and landing (eVTOL) aircraft.
The company operates within the energy storage and thermal management sector, where demand is driven by the increasing energy density of lithium-ion batteries and the subsequent risk of thermal runaway. KULR’s business model focuses on integrating proprietary safety technology into critical infrastructure, such as AI data centers and autonomous platforms. This niche is characterized by high regulatory standards and long-term government or enterprise contracts.
Reviewing KULR’s financial health on ValueRay can provide further clarity on its long-term growth trajectory.
- Defense and aerospace contract wins drive high-margin revenue growth
- Commercialization of KULR VIBE software scales AI data center cooling
- Expansion of SafeCase battery storage solutions increases recurring logistics revenue
- Strategic partnerships in electric aviation validate core thermal management technology
- Cash burn rate and capital raises impact near-term share dilution risk
| Net Income: -71.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.44 > 0.02 and ΔFCF/TA -18.92 > 1.0 |
| NWC/Revenue: 36.90% < 20% (prev 239.7%; Δ -202.8% < -1%) |
| CFO/TA -0.42 > 3% & CFO -43.8m > Net Income -71.2m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 1.69 > 1.5 & < 3 |
| Outstanding Shares: last quarter (46.2m) vs 12m ago -75.22% < -2% |
| Gross Margin: 10.67% > 18% (prev 0.45%; Δ 1.02k% > 0.5%) |
| Asset Turnover: 18.63% > 50% (prev 12.19%; Δ 6.44% > 0%) |
| Interest Coverage Ratio: -324.7 > 6 (EBITDA TTM -48.9m / Interest Expense TTM 155k) |
| A: 0.06 (Total Current Assets 16.8m - Total Current Liabilities 9.96m) / Total Assets 105.5m |
| B: -1.65 (Retained Earnings -173.8m / Total Assets 105.5m) |
| C: -0.51 (EBIT TTM -50.3m / Avg Total Assets 99.7m) |
| D: -15.90 (Book Value of Equity -173.8m / Total Liabilities 10.9m) |
| Altman-Z'' = -25.03 = D |
| DSRI: 0.53 (Receivables 3.00m/3.48m, Revenue 18.6m/11.4m) |
| GMI: 4.24 (GM 10.67% / 45.28%) |
| AQI: 1.27 (AQ_t 0.78 / AQ_t-1 0.61) |
| SGI: 1.62 (Revenue 18.6m / 11.4m) |
| TATA: -0.26 (NI -71.2m - CFO -43.8m) / TA 105.5m) |
| Beneish M = -0.14 (Cap -4..+1) = D |
As of May 26, 2026, the stock is trading at USD 4.61 with a total of 6,369,400 shares traded.
Over the past week, the price has changed by +28.06%,
over one month by +90.50%,
over three months by +57.34% and
over the past year by -51.98%.
KULR Technology has received a consensus analysts rating of 5.00. Therefore, it is recommended to buy KULR.
- StrongBuy: 2
- Buy: 0
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 8 | 73.5% |
P/E Forward = 128.2051
P/S = 11.4844
P/B = 2.2548
Revenue TTM = 18.6m USD
EBIT TTM = -50.3m USD
EBITDA TTM = -48.9m USD
Long Term Debt = 978k USD (estimated: total debt 1.36m - short term 380k)
Short Term Debt = 380k USD (from shortTermDebt, last quarter)
Debt = 1.36m USD (from shortLongTermDebtTotal, last quarter) (leases 1.36m already included)
Net Debt = -6.32m USD (calculated: Debt 1.36m - CCE 7.68m)
Enterprise Value = 206.9m USD (213.2m + Debt 1.36m - CCE 7.68m)
Interest Coverage Ratio = -324.7 (Ebit TTM -50.3m / Interest Expense TTM 155k)
EV/FCF = -4.41x (Enterprise Value 206.9m / FCF TTM -46.9m)
FCF Yield = -22.68% (FCF TTM -46.9m / Enterprise Value 206.9m)
FCF Margin = -252.8% (FCF TTM -46.9m / Revenue TTM 18.6m)
Net Margin = -383.5% (Net Income TTM -71.2m / Revenue TTM 18.6m)
Gross Margin = 10.67% ((Revenue TTM 18.6m - Cost of Revenue TTM 16.6m) / Revenue TTM)
Gross Margin QoQ = 29.24% (prev -27.16%)
Tobins Q-Ratio = 1.96 (Enterprise Value 206.9m / Total Assets 105.5m)
Interest Expense / Debt = 11.42% (Interest Expense 155k / Debt 1.36m)
Taxrate = 21.0% (US default 21%)
NOPAT = -39.8m (EBIT -50.3m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 1.69 (Total Current Assets 16.8m / Total Current Liabilities 9.96m)
Debt / Equity = 0.01 (Debt 1.36m / totalStockholderEquity, last quarter 94.6m)
Debt / EBITDA = 0.13 (negative EBITDA) (Net Debt -6.32m / EBITDA -48.9m)
Debt / FCF = 0.13 (negative FCF - burning cash) (Net Debt -6.32m / FCF TTM -46.9m)
Total Stockholder Equity = 125.1m (last 4 quarters mean from totalStockholderEquity)
RoA = -71.46% (Net Income -71.2m / Total Assets 105.5m)
RoE = -23.82% (Net Income TTM -71.2m / Total Stockholder Equity 299.0m)
RoCE = -16.78% (EBIT -50.3m / Capital Employed (Equity 299.0m + L.T.Debt 978k))
RoIC = -45.05% (negative operating profit) (NOPAT -39.8m / Invested Capital 88.3m)
WACC = 18.25% (E(213.2m)/V(214.6m) * Re(18.31%) + D(1.36m)/V(214.6m) * Rd(11.42%) * (1-Tc(0.21)))
Discount Rate = 18.31% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: -22.47 | Cagr: -37.66%
[DCF] Fair Price = unknown (Cash Flow -46.9m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: N/A | # QB: 0
Revenue Correlation: 94.08 | Revenue CAGR: 33.09% | SUE: 4.0 | # QB: 1
EPS current Year (2026-12-31): EPS=-0.55 | Chg30d=+0.00% | Revisions=+20% | GrowthEPS=+64.7% | GrowthRev=+119.5%
EPS next Year (2027-12-31): EPS=-0.29 | Chg30d=+0.00% | Revisions=+20% | GrowthEPS=+47.3% | GrowthRev=+63.4%