Universal Electronics
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Universal Electronics Inc. develops and manufactures pre-programmed and universal control products, audio-video (AV) accessories, and intelligent wireless security and smart home products for home entertainment, automation, and security systems. The last earnings update was 38 days ago. More info.
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UEIC Share Price and Events
7 Day Returns
1 Year Returns
UEIC Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Universal Electronics (UEIC) | 12.3% | -2.5% | 20.9% | 36.8% | -39.7% | -13.9% |
| US Consumer Durables | 0.6% | 1.3% | 5.8% | 1.2% | 38.4% | 29.4% |
| US Market | 0.5% | -0.1% | 1% | 0.8% | 37.5% | 37.5% |
1 Year Return vs Industry and Market
- UEIC outperformed the Consumer Durables industry which returned 1.2% over the past year.
- UEIC outperformed the Market in United States of America which returned 0.8% over the past year.
UEIC Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Universal Electronics
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Universal Electronics.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 4 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 8.8% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Consumer Durables Unlevered Beta | Simply Wall St/ S&P Global | 0.87 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.875 (1 + (1- 21%) (22.43%)) |
1.02 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.02 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.02 * 5.96%) |
8.81% |
Discounted Cash Flow Calculation for NasdaqGS:UEIC using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Universal Electronics is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 8.81%) |
|
|---|---|---|---|
| 2019 | 30.74 | Analyst x1 | 28.25 |
| 2020 | 31.89 | Analyst x2 | 26.93 |
| 2021 | 32.96 | Est @ 3.38% | 25.59 |
| 2022 | 34.01 | Est @ 3.18% | 24.26 |
| 2023 | 35.05 | Est @ 3.05% | 22.98 |
| 2024 | 36.08 | Est @ 2.95% | 21.74 |
| 2025 | 37.12 | Est @ 2.89% | 20.56 |
| 2026 | 38.18 | Est @ 2.84% | 19.43 |
| 2027 | 39.25 | Est @ 2.81% | 18.36 |
| 2028 | 40.34 | Est @ 2.78% | 17.34 |
| Present value of next 10 years cash flows | $225.44 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $40.34 × (1 + 2.73%) ÷ (8.81% – 2.73%) |
$681.67 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $681.67 ÷ (1 + 8.81%)10 |
$293.02 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $225.44 + $293.02 |
$518.47 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $518.47 / 13.86 |
$37.41 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $37.41 |
| Current discount | Discount to share price of
$41.11
= -1 x ($41.11 - $37.41) / $37.41 |
-9.9% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Universal Electronics is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Universal Electronics's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Universal Electronics's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in USD | $0.83 |
| NasdaqGS:UEIC Share Price ** | NasdaqGS (2019-06-14) in USD | $41.11 |
| United States of America Consumer Durables Industry PE Ratio | Median Figure of 50 Publicly-Listed Consumer Durables Companies | 13.83x |
| United States of America Market PE Ratio | Median Figure of 3,094 Publicly-Listed Companies | 17.69x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Universal Electronics.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NasdaqGS:UEIC Share Price ÷ EPS (both in USD) = 41.11 ÷ 0.83 |
49.6x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Universal Electronics is overvalued based on earnings compared to the US Consumer Durables industry average.
- Universal Electronics is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Universal Electronics's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 49.6x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts |
33.6%per year |
| United States of America Consumer Durables Industry PEG Ratio | Median Figure of 37 Publicly-Listed Consumer Durables Companies | 1.17x |
| United States of America Market PEG Ratio | Median Figure of 2,125 Publicly-Listed Companies | 1.52x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 49.6x ÷ 33.6% |
1.47x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Universal Electronics is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Universal Electronics's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in USD | $19.13 |
| NasdaqGS:UEIC Share Price * | NasdaqGS (2019-06-14) in USD | $41.11 |
| United States of America Consumer Durables Industry PB Ratio | Median Figure of 70 Publicly-Listed Consumer Durables Companies | 1.38x |
| United States of America Market PB Ratio | Median Figure of 5,244 Publicly-Listed Companies | 1.79x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NasdaqGS:UEIC Share Price ÷ Book Value per Share (both in USD) = 41.11 ÷ 19.13 |
2.15x |
* Primary Listing of Universal Electronics.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Universal Electronics is overvalued based on assets compared to the US Consumer Durables industry average.
Value checks
We assess Universal Electronics's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Consumer Durables industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Consumer Durables industry average (and greater than 0)? (1 check) Universal Electronics has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
UEIC Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Universal Electronics's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Universal Electronics's earnings growth is expected to exceed the United States of America market average.
- Universal Electronics's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NasdaqGS:UEIC Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts | 33.6% |
| NasdaqGS:UEIC Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts | 5.5% |
| United States of America Consumer Durables Industry Earnings Growth Rate | Market Cap Weighted Average | 17.7% |
| United States of America Consumer Durables Industry Revenue Growth Rate | Market Cap Weighted Average | 6% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.9% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.3% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 4 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2022-12-31 | 871 | 48 | 1 | |
| 2021-12-31 | 821 | 42 | 1 | |
| 2020-12-31 | 779 | 56 | 33 | 4 |
| 2019-12-31 | 742 | 45 | 19 | 3 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 700 | 20 | 12 |
| 2018-12-31 | 680 | 13 | 12 |
| 2018-09-30 | 691 | 15 | 6 |
| 2018-06-30 | 684 | 15 | 7 |
| 2018-03-31 | 699 | 10 | -11 |
| 2017-12-31 | 696 | 9 | -10 |
| 2017-09-30 | 675 | 5 | 10 |
| 2017-06-30 | 669 | 21 | 16 |
| 2017-03-31 | 662 | 34 | 18 |
| 2016-12-31 | 651 | 50 | 20 |
| 2016-09-30 | 653 | 42 | 26 |
| 2016-06-30 | 644 | 43 | 25 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 4 Analyst Estimates (S&P Global) | See Below |
All data from Universal Electronics Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2022-12-31 | 3.86 | 3.86 | 3.86 | 1.00 |
| 2021-12-31 | 3.27 | 3.27 | 3.27 | 1.00 |
| 2020-12-31 | 2.44 | 2.76 | 2.20 | 3.00 |
| 2019-12-31 | 1.37 | 1.50 | 1.20 | 3.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-03-31 | 0.83 |
| 2018-12-31 | 0.85 |
| 2018-09-30 | 0.44 |
| 2018-06-30 | 0.49 |
| 2018-03-31 | -0.77 |
| 2017-12-31 | -0.72 |
| 2017-09-30 | 0.68 |
| 2017-06-30 | 1.09 |
| 2017-03-31 | 1.23 |
| 2016-12-31 | 1.41 |
| 2016-09-30 | 1.83 |
| 2016-06-30 | 1.71 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Unable to establish if Universal Electronics will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess Universal Electronics's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Universal Electronics has a total score of 3/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
UEIC Past Performance
How has Universal Electronics performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Universal Electronics's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
- Universal Electronics has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
- Universal Electronics has become profitable in the last year making it difficult to compare the US Consumer Durables industry average.
Earnings and Revenue History
All data from Universal Electronics Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 699.71 | 11.51 | 121.53 | 24.56 |
| 2018-12-31 | 680.24 | 11.92 | 120.35 | 23.82 |
| 2018-09-30 | 691.09 | 6.18 | 118.79 | 23.26 |
| 2018-06-30 | 684.03 | 6.95 | 121.79 | 23.08 |
| 2018-03-31 | 699.08 | -11.03 | 126.67 | 21.97 |
| 2017-12-31 | 695.79 | -10.32 | 127.08 | 21.42 |
| 2017-09-30 | 675.18 | 9.77 | 123.52 | 20.42 |
| 2017-06-30 | 668.71 | 15.85 | 119.15 | 19.96 |
| 2017-03-31 | 662.12 | 17.75 | 116.35 | 20.16 |
| 2016-12-31 | 651.37 | 20.35 | 112.38 | 19.85 |
| 2016-09-30 | 652.94 | 26.46 | 115.03 | 20.77 |
| 2016-06-30 | 644.22 | 24.92 | 111.44 | 19.95 |
| 2016-03-31 | 620.79 | 26.71 | 108.98 | 18.89 |
| 2015-12-31 | 602.83 | 29.17 | 112.49 | 18.14 |
| 2015-09-30 | 579.11 | 28.74 | 105.18 | 17.03 |
| 2015-06-30 | 566.43 | 33.34 | 107.26 | 17.11 |
| 2015-03-31 | 565.19 | 33.45 | 109.24 | 17.13 |
| 2014-12-31 | 562.33 | 32.53 | 108.65 | 16.98 |
| 2014-09-30 | 560.07 | 29.19 | 110.00 | 16.59 |
| 2014-06-30 | 554.68 | 26.94 | 108.67 | 16.56 |
| 2014-03-31 | 544.48 | 24.29 | 104.73 | 16.48 |
| 2013-12-31 | 529.35 | 22.96 | 102.86 | 16.45 |
| 2013-09-30 | 511.00 | 20.33 | 98.10 | 16.21 |
| 2013-06-30 | 493.49 | 18.56 | 95.68 | 15.55 |
| 2013-03-31 | 474.08 | 17.87 | 94.94 | 14.93 |
| 2012-12-31 | 463.09 | 16.55 | 93.08 | 14.15 |
| 2012-09-30 | 462.95 | 18.55 | 93.12 | 13.40 |
| 2012-06-30 | 461.61 | 18.78 | 91.59 | 12.74 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Universal Electronics has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Universal Electronics used its assets less efficiently than the US Consumer Durables industry average last year based on Return on Assets.
- Universal Electronics's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Universal Electronics's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Consumer Durables industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Universal Electronics has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
UEIC Health
How is Universal Electronics's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Universal Electronics's finances.
The net worth of a company is the difference between its assets and liabilities.
- Universal Electronics is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Universal Electronics's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 3.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Universal Electronics Company Filings, last reported 2 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 265.17 | 127.78 | 44.90 |
| 2018-12-31 | 262.96 | 101.50 | 53.21 |
| 2018-09-30 | 272.21 | 103.50 | 42.00 |
| 2018-06-30 | 277.49 | 111.00 | 59.43 |
| 2018-03-31 | 263.53 | 141.00 | 40.23 |
| 2017-12-31 | 253.55 | 138.00 | 62.44 |
| 2017-09-30 | 285.62 | 114.00 | 48.56 |
| 2017-06-30 | 282.18 | 92.00 | 49.70 |
| 2017-03-31 | 276.27 | 88.00 | 62.65 |
| 2016-12-31 | 280.51 | 49.99 | 50.61 |
| 2016-09-30 | 289.34 | 35.00 | 48.14 |
| 2016-06-30 | 274.77 | 42.99 | 49.45 |
| 2016-03-31 | 266.55 | 57.99 | 56.08 |
| 2015-12-31 | 257.91 | 50.00 | 52.97 |
| 2015-09-30 | 259.06 | 47.00 | 64.31 |
| 2015-06-30 | 298.64 | 12.04 | 82.16 |
| 2015-03-31 | 316.44 | 0.00 | 97.10 |
| 2014-12-31 | 315.62 | 0.00 | 112.52 |
| 2014-09-30 | 309.01 | 0.00 | 98.96 |
| 2014-06-30 | 297.52 | 0.00 | 87.64 |
| 2014-03-31 | 299.06 | 0.00 | 90.40 |
| 2013-12-31 | 291.27 | 0.00 | 76.17 |
| 2013-09-30 | 280.57 | 0.00 | 44.60 |
| 2013-06-30 | 263.88 | 0.00 | 49.75 |
| 2013-03-31 | 253.02 | 0.00 | 28.72 |
| 2012-12-31 | 250.65 | 0.00 | 44.59 |
| 2012-09-30 | 247.34 | 6.90 | 41.22 |
| 2012-06-30 | 238.91 | 13.00 | 30.69 |
- Universal Electronics's level of debt (40.2%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (0% vs 40.2% today).
- Debt is not well covered by operating cash flow (19%, less than 20% of total debt).
- Interest payments on debt are not well covered by earnings (EBIT is 0.7x annual interest expense, ideally 3x coverage).
Financial health checks
We assess Universal Electronics's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Universal Electronics has a total score of 2/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
UEIC Dividends
What is Universal Electronics's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Universal Electronics
shares you are expected to receive
$0
in your first year as a dividend.
Dividend Amount
- Unable to evaluate Universal Electronics's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
- Unable to evaluate Universal Electronics's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 4 Analyst Estimates (S&P Global) | See Below |
| United States of America Consumer Durables Industry Average Dividend Yield | Market Cap Weighted Average of 20 Stocks | 2.2% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2011 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.5% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2022-12-31 | ||
| 2021-12-31 | ||
| 2020-12-31 | ||
| 2019-12-31 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to perform a dividend volatility check as Universal Electronics has not reported any payouts.
- Unable to verify if Universal Electronics's dividend has been increasing as the company has not reported any payouts.
Income/ dividend checks
We assess Universal Electronics's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Universal Electronics afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Universal Electronics has a total score of 0/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
UEIC Management
CEO
| COMPENSATION | $2,353,020 |
| AGE | 56 |
| TENURE AS CEO | 18.7 years |
CEO Bio
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 September 1998 to May 2001 and September 1998 to October 2000 respectively. He served as a Senior Vice President and Chief Financial Officer from May 1996 to August 31, 1998. From 1993 to May 1996, he served in various capacities at LESCO, Inc. with the most recent being Acting Chief Financial Officer. Prior to LESCO, he worked for Imperial Wall coverings (a manufacturer and distributor of wall covering products) as Director of Planning and The Michael Allen Company (a strategic management consulting company) where he was employed as a management consultant. He has been the Chairman of Universal Electronics Inc. since July 2001. He has been an Independent Director of Milestone AV Technologies Inc., since September 2007. He has been a Director of Universal Electronics Inc., since August 1996. Mr. Arling holds a Bachelor of Science in Economics from the University of Pennsylvania and an MBA from the Wharton School of the University of Pennsylvania.
CEO Compensation
- Paul's compensation has increased in line with Universal Electronics recently becoming profitable.
- Paul's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Universal Electronics management team in years:
- The average tenure for the Universal Electronics management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Paul Arling
Chairman & CEO
$2M
56
18.7 yrs
Bryan Hackworth
CFO & Senior VP
$952K
48
12.8 yrs
David Chong
Executive Vice President of Asia
$738K
56
Menno Koopmans
Senior VP & MD of EMEA
$567K
42
5.4 yrs
Lou Hughes
Strategic Advisor to the CEO
$1M
52
0.3 yrs
Joseph Miketo
Senior Vice President of Manufacturing & Operations
0.3 yrs
Rick Firehammer
Senior VP
$726K
60
25.7 yrs
Norm Sheridan
Senior Vice President of Engineering
56
Ramzi Ammari
Senior Vice President of Corporate Planning & Strategy
9.4 yrs
Stephen Gutman
Senior Vice President of Subscription Broadcast Unit - Americas
4.4 yrs
Board of Directors Tenure
Average tenure and age of the Universal Electronics board of directors in years:
- The average tenure for the Universal Electronics board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors
Bill Mulligan
Independent Director
$233K
65
27.4 yrs
Paul Arling
Chairman & CEO
$2M
56
17.9 yrs
J. Sparkman
Independent Director
$236K
86
21.4 yrs
Ed Zinser
Independent Director
$231K
60
12.7 yrs
Satjiv Chahil
Independent Director
$228K
68
16.8 yrs
Gregory Stapleton
Independent Director
$224K
72
11.2 yrs
Carl Vogel
Director
$221K
61
9.7 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 13. Jun 19 | Sell | J. Sparkman | Individual | 12. Jun 19 | 12. Jun 19 | -2,000 | $40.51 | $-81,010 | ||
| 11. Jun 19 | Sell | Cheung Chong | Individual | 11. Jun 19 | 11. Jun 19 | -2,000 | $41.05 | $-82,099 | ||
| 16. May 19 | Sell | Menno Koopmans | Individual | 16. May 19 | 16. May 19 | -1,505 | $43.56 | $-65,558 | ||
| 15. May 19 | Sell | J. Sparkman | Individual | 08. May 19 | 08. May 19 | -1,000 | $44.63 | $-44,629 | ||
| 08. Mar 19 | Sell | Cheung Chong | Individual | 08. Mar 19 | 08. Mar 19 | -2,000 | $31.88 | $-63,760 | ||
| 27. Feb 19 | Sell | Richard Firehammer | Individual | 26. Feb 19 | 26. Feb 19 | -1,011 | $33.61 | $-33,980 | ||
| 03. Dec 18 | Sell | Cheung Chong | Individual | 03. Dec 18 | 03. Dec 18 | -1,523 | $35.00 | $-53,305 | ||
| 30. Nov 18 | Sell | Cheung Chong | Individual | 30. Nov 18 | 30. Nov 18 | -3,477 | $35.00 | $-121,695 | ||
Management checks
We assess Universal Electronics's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Universal Electronics has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
UEIC News
Simply Wall St News
Universal Electronics Inc. (NASDAQ:UEIC): Time For A Financial Health Check
Does UEIC Produce Much Cash Relative To Its Debt? … Moreover, UEIC has produced cash from operations of US$20m in the last twelve months, leading to an operating cash to total debt ratio of 16%, signalling that UEIC’s operating cash is less than its debt. … Looking at UEIC’s US$289m in current liabilities, it seems that the business has been able to meet these obligations given the level of current assets of US$391m, with a current ratio of 1.35x.
Simply Wall St - – Full articleShould You Worry About Universal Electronics Inc.’s (NASDAQ:UEIC) ROCE?
Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Return On Capital Employed (ROCE): What is it? … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.
Simply Wall St - – Full articleWith A 4.5% Return On Equity, Is Universal Electronics Inc. (NASDAQ:UEIC) A Quality Stock?
With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Over the last twelve months Universal Electronics has recorded a ROE of 4.5%. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleOur Take On Universal Electronics Inc.'s (NASDAQ:UEIC) CEO Salary
This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Paul Arling's Compensation Compare With Similar Sized Companies. … is worth US$445m, and total annual CEO compensation is US$2.4m.
Simply Wall St - – Full articleHow Do Universal Electronics Inc.’s (NASDAQ:UEIC) Returns On Capital Compare To Peers?
Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Return On Capital Employed (ROCE): What is it? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.
Simply Wall St - – Full articleShould You Think About Buying Universal Electronics Inc. (NASDAQ:UEIC) Now?
led the NasdaqGS gainers with a relatively large price hike in the past couple of weeks. … Less-covered, small caps sees more of an opportunity for mispricing due to the lack of information available to the public, which can be a good thing? … Today I will analyse the most recent data on Universal Electronics’s outlook and valuation to see if the opportunity still exists
Simply Wall St - – Full articleDoes Universal Electronics Inc. (NASDAQ:UEIC) Have A Particularly Volatile Share Price?
(NASDAQ:UEIC), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … The first thing to understand about beta is that the beta of the overall market is one.
Simply Wall St - – Full articleIs Universal Electronics Inc.'s (NASDAQ:UEIC) ROE Of 2.3% Concerning?
Universal Electronics has a ROE of 2.3%, based on the last twelve months. … View our latest analysis for Universal Electronics? … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleRead This Before Buying Universal Electronics Inc (NASDAQ:UEIC) Shares
So we'll take a look at whether insiders have been buying or selling shares in Universal Electronics Inc (NASDAQ:UEIC). … Universal Electronics Insider Transactions Over The Last Year. … Over the last year we saw more insider selling of Universal Electronics shares, than buying
Simply Wall St - – Full articleHow Should Investors Feel About Universal Electronics Inc's (NASDAQ:UEIC) CEO Pay?
This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Paul Arling's Compensation Compare With Similar Sized Companies. … At the time of writing our data says that Universal Electronics Inc has a market cap of US$474m, and is paying total annual CEO compensation of US$2.4m
Simply Wall St - – Full articleUEIC Company Info
Description
Universal Electronics Inc. develops and manufactures pre-programmed and universal control products, audio-video (AV) accessories, and intelligent wireless security and smart home products for home entertainment, automation, and security systems. 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, trademarks, and database of home connectivity software and control codes. It serves cable and satellite television service providers, and original equipment manufacturers; software development companies; subscription broadcasting providers; hospitality system integrators; and retail, private label, pro-security installation, and personal computing companies. The company sells its products in the United States, Europe, Australia, New Zealand, South Africa, the Middle East, Mexico, Latin America, the People’s Republic of China, various countries in Asia, and internationally under the One For All and Nevo brands. Universal Electronics Inc. was founded in 1986 and is headquartered in Scottsdale, Arizona.
Details
| Name: | Universal Electronics Inc. |
| UEIC | |
| Exchange: | NasdaqGS |
| Founded: | 1986 |
| $569,759,975 | |
| 13,859,401 | |
| Website: | http://www.uei.com |
| Address: |
Universal Electronics Inc. Scottsdale Quarter, Suite H300, Scottsdale, Arizona, 85254, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NasdaqGS | UEIC | Common Stock | Nasdaq Global Select | US | USD | 12. Feb 1993 | |
| DB | UE1 | Common Stock | Deutsche Boerse AG | DE | EUR | 12. Feb 1993 |
Number of employees
Current staff
Industry
| Consumer Electronics | |
| Consumer Durables |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/06/16 23:48 |
| End of day share price update: | 2019/06/14 00:00 |
| Last estimates confirmation: | 2019/06/03 |
| Last earnings filing: | 2019/05/09 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
