Universal Electronics
Market Cap
US$811.6m
Last Updated
2021/01/21 23:48 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. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet with moderate growth potential.
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 is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: UEIC's weekly volatility (6%) has been stable over the past year.
Market Performance
7 Day Return
3.1%
UEIC
8.0%
US Consumer Durables
1.4%
US Market
1 Year Return
11.2%
UEIC
24.1%
US Consumer Durables
22.6%
US Market
Return vs Industry: UEIC underperformed the US Consumer Durables industry which returned 24.7% over the past year.
Return vs Market: UEIC underperformed the US Market which returned 22.8% over the past year.
Shareholder returns
| UEIC | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.1% | 8.0% | 1.4% |
| 30 Day | 14.5% | 7.3% | 4.9% |
| 90 Day | 49.0% | 12.6% | 14.6% |
| 1 Year | 11.2%11.2% | 25.6%24.1% | 25.4%22.6% |
| 3 Year | 24.0%24.0% | 25.8%21.4% | 46.8%37.0% |
| 5 Year | 23.1%23.1% | 101.3%88.0% | 132.0%106.1% |
Long-Term 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
6 hours ago | Simply Wall St
A Look At The Intrinsic Value Of Universal Electronics Inc. (NASDAQ:UEIC)2 weeks ago | Simply Wall St
Is It Time To Consider Buying Universal Electronics Inc. (NASDAQ:UEIC)?Valuation
Is Universal Electronics undervalued compared to its fair value and its price relative to the market?
24.6x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: UEIC ($59.03) is trading above our estimate of fair value ($56.83)
Significantly Below Fair Value: UEIC is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: UEIC is poor value based on its PE Ratio (24.6x) compared to the US Consumer Durables industry average (16.2x).
PE vs Market: UEIC is poor value based on its PE Ratio (24.6x) compared to the US market (21.1x).
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 (2.8x) compared to the US Consumer Durables industry average (1.9x).
Next Steps
Future Growth
How is Universal Electronics forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
28.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: UEIC's forecast earnings growth (28.4% per year) is above the savings rate (2%).
Earnings vs Market: UEIC's earnings (28.4% per year) are forecast to grow faster than the US market (21.6% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: UEIC's revenue (8.3% per year) is forecast to grow slower than the US market (10.5% per year).
High Growth Revenue: UEIC's revenue (8.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: UEIC's Return on Equity is forecast to be low in 3 years time (16.1%).
Next Steps
Past Performance
How has Universal Electronics performed over the past 5 years?
-20.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: UEIC has a large one-off gain of $9.2M impacting its September 30 2020 financial results.
Growing Profit Margin: UEIC became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: UEIC's earnings have declined by 20.3% per year over the past 5 years.
Accelerating Growth: UEIC has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: UEIC has become profitable in the last year, making it difficult to compare its past year earnings growth to the Consumer Durables industry (21%).
Return on Equity
High ROE: UEIC's Return on Equity (11.3%) 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 ($329.8M) exceed its short term liabilities ($194.1M).
Long Term Liabilities: UEIC's short term assets ($329.8M) exceed its long term liabilities ($17.9M).
Debt to Equity History and Analysis
Debt Level: UEIC's debt to equity ratio (16.9%) is considered satisfactory.
Reducing Debt: UEIC's debt to equity ratio has reduced from 17.6% to 16.9% over the past 5 years.
Debt Coverage: UEIC's debt is well covered by operating cash flow (178.3%).
Interest Coverage: UEIC's interest payments on its debt are well covered by EBIT (17.4x 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?
11.0yrs
Average management tenure
CEO
Paul Arling (58 yo)
20.25yrs
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 above average for companies of similar size in the US market ($USD2.39M).
Compensation vs Earnings: Paul's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 20.25yrs | US$3.82m | 1.53% $ 12.4m | |
| CFO & Senior VP | 14.42yrs | US$1.44m | 0.34% $ 2.7m | |
| Senior VP | 27.25yrs | US$551.30k | no data | |
| Senior Vice President of Global Sales | no data | US$767.28k | 0.031% $ 251.6k | |
| Executive Vice President of Asia | no data | US$1.14m | 0.12% $ 939.4k | |
| Senior Vice President of Operations | 1.92yrs | no data | 0.020% $ 159.7k | |
| Senior Vice President of Engineering | no data | no data | no data | |
| Senior Vice President of Corporate Planning & Strategy | 11yrs | no data | 0.095% $ 774.0k | |
| Senior VP of Global Sales of Subscription Broadcast | 6yrs | no data | no data | |
| Senior Vice President of Global Sales at Home Automation | 6yrs | no data | no data | |
| Senior Vice President of Manufacturing Asia | 11yrs | no data | no data | |
| Senior Vice President of Product and Technology | no data | no data | no data |
11.0yrs
Average Tenure
58yo
Average Age
Experienced Management: UEIC's management team is seasoned and experienced (11 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 20.25yrs | US$3.82m | 1.53% $ 12.4m | |
| Independent Director | 29yrs | US$277.25k | 0.17% $ 1.4m | |
| Independent Director | 12.75yrs | US$266.25k | 0.25% $ 2.0m | |
| Independent Director | 14.25yrs | US$277.50k | 0.17% $ 1.4m | |
| Independent Director | 11.25yrs | US$266.25k | 0.32% $ 2.6m | |
| Independent Director | 18.42yrs | US$271.25k | 0.90% $ 7.3m | |
| Independent Director | 1.17yrs | US$599.66k | 0.042% $ 344.3k |
14.3yrs
Average Tenure
63yo
Average Age
Experienced Board: UEIC's board of directors are seasoned and experienced ( 14.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: UEIC insiders have only sold shares 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$811.643m
- Shares outstanding: 13.75m
- 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 con...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/21 23:48 |
| End of Day Share Price | 2021/01/21 00:00 |
| Earnings | 2020/09/30 |
| 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.