Universal Electronics
Market Cap
US$629.4m
Last Updated
2020/06/01 10:14 UTC
Data Sources
Company Financials +
Executive Summary
Universal Electronics Inc. designs, develops, and manufactures pre-programmed and universal control products, audio-video (AV) accessories, and intelligent wireless security and smart home products for consumer electronics, subscription broadcasting, home entertainment, automation, security, and hospitality and climate control markets.
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet and fair value.
Similar Companies
Share Price & News
How has Universal Electronics's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: UEIC's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
7.5%
UEIC
3.4%
US Consumer Durables
3.0%
US Market
1 Year Return
23.7%
UEIC
7.0%
US Consumer Durables
9.9%
US Market
Return vs Industry: UEIC exceeded the US Consumer Durables industry which returned 7% over the past year.
Return vs Market: UEIC exceeded the US Market which returned 9.9% over the past year.
Shareholder returns
| UEIC | Industry | Market | |
|---|---|---|---|
| 7 Day | 7.5% | 3.4% | 3.0% |
| 30 Day | 13.4% | 17.8% | 8.2% |
| 90 Day | 5.1% | -8.5% | 0.4% |
| 1 Year | 23.7%23.7% | 8.2%7.0% | 12.4%9.9% |
| 3 Year | -31.8%-31.8% | -5.2%-9.5% | 31.0%22.3% |
| 5 Year | -14.4%-14.4% | 8.0%1.5% | 58.1%40.3% |
Price Volatility Vs. Market
How volatile is Universal Electronics's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Have Insiders Been Selling Universal Electronics Inc. (NASDAQ:UEIC) Shares This Year?3 weeks ago | Simply Wall St
Are Universal Electronics Inc.'s (NASDAQ:UEIC) Mixed Financials Driving The Negative Sentiment?1 month ago | Simply Wall St
Volatility 101: Should Universal Electronics (NASDAQ:UEIC) Shares Have Dropped 44%?Valuation
Is Universal Electronics undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: UEIC ($45.24) is trading below our estimate of fair value ($174.09)
Significantly Below Fair Value: UEIC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: UEIC is poor value based on its PE Ratio (60.1x) compared to the Consumer Durables industry average (10.5x).
PE vs Market: UEIC is poor value based on its PE Ratio (60.1x) compared to the US market (15.7x).
Price to Earnings Growth Ratio
PEG Ratio: UEIC is good value based on its PEG Ratio (0.9x)
Price to Book Ratio
PB vs Industry: UEIC is overvalued based on its PB Ratio (2.3x) compared to the US Consumer Durables industry average (1.3x).
Next Steps
Future Growth
How is Universal Electronics forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
66.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: UEIC's forecast earnings growth (66% per year) is above the savings rate (2.2%).
Earnings vs Market: UEIC's earnings (66% per year) are forecast to grow faster than the US market (22% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: UEIC's revenue (2.8% per year) is forecast to grow slower than the US market (8.8% per year).
High Growth Revenue: UEIC's revenue (2.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if UEIC's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Universal Electronics performed over the past 5 years?
-45.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: UEIC has high quality earnings.
Growing Profit Margin: UEIC's current net profit margins (1.5%) are lower than last year (1.6%).
Past Earnings Growth Analysis
Earnings Trend: UEIC's earnings have declined by -45% per year over the past 5 years.
Accelerating Growth: UEIC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: UEIC had negative earnings growth (-6.4%) over the past year, making it difficult to compare to the Consumer Durables industry average (9.9%).
Return on Equity
High ROE: UEIC's Return on Equity (3.9%) is considered low.
Next Steps
Financial Health
How is Universal Electronics's financial position?
Financial Position Analysis
Short Term Liabilities: UEIC's short term assets ($356.2M) exceed its short term liabilities ($246.2M).
Long Term Liabilities: UEIC's short term assets ($356.2M) exceed its long term liabilities ($18.1M).
Debt to Equity History and Analysis
Debt Level: UEIC's debt to equity ratio (28.9%) is considered satisfactory.
Reducing Debt: UEIC's debt to equity ratio has increased from 0.08% to 28.9% over the past 5 years.
Debt Coverage: UEIC's debt is well covered by operating cash flow (104.4%).
Interest Coverage: UEIC's interest payments on its debt are well covered by EBIT (6.6x coverage).
Balance Sheet
Next Steps
Dividend
What is Universal Electronics's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate UEIC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate UEIC's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if UEIC's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if UEIC's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of UEIC's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
10.4yrs
Average management tenure
CEO
Paul Arling (57yo)
19.67yrs
Tenure
US$3,816,245
Compensation
Mr. Paul D. Arling has been the Chief Executive Officer of Universal Electronics Inc. since October 2000. Mr. Arling served as the President and Chief Operating Officer of Universal Electronics Inc. from S ...
CEO Compensation Analysis
Compensation vs Market: Paul's total compensation ($USD3.82M) is about average for companies of similar size in the US market ($USD3.20M).
Compensation vs Earnings: Paul's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 19.67yrs | US$3.82m | 1.42% $8.9m | |
| CFO & Senior VP | 13.83yrs | US$1.44m | 0.31% $1.9m | |
| Senior VP | 26.67yrs | US$551.30k | 0.0031% $19.4k | |
| Senior Vice President of Global Sales | no data | US$767.28k | 0.028% $178.8k | |
| Executive Vice President of Asia | no data | US$1.14m | 0.072% $451.0k | |
| Senior Vice President of Operations | 1.33yrs | no data | 0.015% $95.6k | |
| Senior Vice President of Engineering | no data | no data | no data | |
| Senior Vice President of Corporate Planning & Strategy | 10.42yrs | no data | 0.089% $562.1k | |
| Senior VP of Global Sales of Subscription Broadcast | 5.42yrs | no data | no data | |
| Senior Vice President of Global Sales at Home Automation | 5.42yrs | no data | no data |
10.4yrs
Average Tenure
57yo
Average Age
Experienced Management: UEIC's management team is seasoned and experienced (10.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 19.67yrs | US$3.82m | 1.42% $8.9m | |
| Independent Director | 28.42yrs | US$277.25k | 0.14% $900.4k | |
| Independent Director | 12.17yrs | US$266.25k | 0.23% $1.5m | |
| Independent Director | 13.67yrs | US$277.50k | 0.18% $1.1m | |
| Independent Director | 10.67yrs | US$266.25k | 0.29% $1.8m | |
| Independent Director | 17.83yrs | US$271.25k | 0.86% $5.4m | |
| Independent Director | 22.42yrs | US$281.25k | 0.38% $2.4m | |
| Independent Director | 0.58yr | US$599.66k | 0.015% $94.2k |
15.8yrs
Average Tenure
64yo
Average Age
Experienced Board: UEIC's board of directors are seasoned and experienced ( 15.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Universal Electronics Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Universal Electronics Inc.
- Ticker: UEIC
- Exchange: NasdaqGS
- Founded: 1986
- Industry: Consumer Electronics
- Sector: Consumer Durables
- Market Cap: US$629.425m
- Shares outstanding: 13.91m
- Website: https://www.uei.com
Number of Employees
Location
- Universal Electronics Inc.
- Scottsdale Quarter
- Suite H300
- Scottsdale
- Arizona
- 85254-2494
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| UEIC | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Feb 1993 |
| UE1 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Feb 1993 |
Biography
Universal Electronics Inc. designs, develops, and manufactures pre-programmed and universal control products, audio-video (AV) accessories, and intelligent wireless security and smart home products for consumer electronics, subscription broadcasting, home entertainment, automation, security, and hospitality and climate control markets. The company offers universal infrared and radio frequency (RF) remote controls; integrated circuits on which its software and universal device control database is embedded; and software, firmware, and technology solutions that enable devices, including televisions, set-top boxes, audio systems, smartphones, tablets, game controllers, and other consumer electronic devices to wirelessly connect and interact with home networks, as well as interactive services to control and deliver digital entertainment and information. It also provides proprietary and standards-based RF sensors designed for residential security, safety, and automation applications; AV accessories; and wall-mount and handheld thermostat controllers, and connected accessories for intelligent energy management systems. In addition, the company licenses intellectual property comprising its patented technologies, and database of home connectivity software and control codes. It serves service providers, original equipment manufacturers, retailers, private label brands, and pro-security dealers and companies in the computing industry. The company sells its products under the One For All brand in the United States, the People’s Republic of China, rest of Asia, Europe, Latin America, and internationally. Universal Electronics Inc. was founded in 1986 and is headquartered in Scottsdale, Arizona.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/06/01 10:14 |
| End of Day Share Price | 2020/05/29 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.