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Universal Electronics

Nasdaq:UEIC
Snowflake Description

Excellent balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
UEIC
Nasdaq
$489M
Market Cap
  1. Home
  2. US
  3. Consumer Durables
Company description

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 last earnings update was 19 days ago. More info.


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  • Universal Electronics has significant price volatility in the past 3 months.
UEIC Share Price and Events
7 Day Returns
-10.4%
NasdaqGS:UEIC
-13.1%
US Consumer Durables
-4.1%
US Market
1 Year Returns
-8.3%
NasdaqGS:UEIC
-31.2%
US Consumer Durables
-14.9%
US Market
UEIC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Universal Electronics (UEIC) -10.4% -17.9% -34.9% -8.3% -48.1% -39.4%
US Consumer Durables -13.1% -41.1% -41.3% -31.2% -32.9% -30.8%
US Market -4.1% -19.1% -23.4% -14.9% 3.5% 14.5%
1 Year Return vs Industry and Market
  • UEIC outperformed the Consumer Durables industry which returned -31.2% over the past year.
  • UEIC outperformed the Market in United States of America which returned -14.9% over the past year.
Price Volatility
UEIC
Industry
5yr Volatility vs Market

UEIC Value

 Is Universal Electronics undervalued based on future cash flows and its price relative to the stock market?

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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Universal Electronics.

NasdaqGS:UEIC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 1.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:UEIC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 5.4%
Consumer Durables Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.721 (1 + (1- 21%) (18.12%))
0.882
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.88
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.74% + (0.882 * 5.44%)
6.54%

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.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

NasdaqGS:UEIC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 6.54%)
2020 62.90 Analyst x1 59.04
2021 76.48 Analyst x2 67.39
2022 86.49 Est @ 13.08% 71.53
2023 94.86 Est @ 9.68% 73.64
2024 101.79 Est @ 7.3% 74.16
2025 107.52 Est @ 5.63% 73.53
2026 112.32 Est @ 4.46% 72.10
2027 116.41 Est @ 3.65% 70.14
2028 119.99 Est @ 3.07% 67.86
2029 123.20 Est @ 2.67% 65.40
Present value of next 10 years cash flows $694.00
NasdaqGS:UEIC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $123.20 × (1 + 1.74%) ÷ (6.54% – 1.74%)
$2,612.67
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $2,612.67 ÷ (1 + 6.54%)10
$1,386.95
NasdaqGS:UEIC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $694.00 + $1,386.95
$2,080.95
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $2,080.95 / 14.01
$148.48
NasdaqGS:UEIC Discount to Share Price
Calculation Result
Value per share (USD) From above. $148.48
Current discount Discount to share price of $34.87
= -1 x ($34.87 - $148.48) / $148.48
76.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Universal Electronics is available for.
Intrinsic value
>50%
Share price is $34.87 vs Future cash flow value of $148.48
Current Discount Checks
For Universal Electronics to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Universal Electronics's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Universal Electronics's share price is below the future cash flow value, and at a substantial discount (> 40%).
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?
Raw Data
NasdaqGS:UEIC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $0.26
NasdaqGS:UEIC Share Price ** NasdaqGS (2020-04-03) in USD $34.87
United States of America Consumer Durables Industry PE Ratio Median Figure of 44 Publicly-Listed Consumer Durables Companies 6.73x
United States of America Market PE Ratio Median Figure of 2,944 Publicly-Listed Companies 12.5x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Universal Electronics.

NasdaqGS:UEIC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:UEIC Share Price ÷ EPS (both in USD)

= 34.87 ÷ 0.26

133.32x

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?
Raw Data
NasdaqGS:UEIC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 133.32x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
75.3%per year
United States of America Consumer Durables Industry PEG Ratio Median Figure of 35 Publicly-Listed Consumer Durables Companies 0.63x
United States of America Market PEG Ratio Median Figure of 2,008 Publicly-Listed Companies 0.91x

*Line of best fit is calculated by linear regression .

NasdaqGS:UEIC PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 133.32x ÷ 75.3%

1.77x

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?
Raw Data
NasdaqGS:UEIC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $19.68
NasdaqGS:UEIC Share Price * NasdaqGS (2020-04-03) in USD $34.87
United States of America Consumer Durables Industry PB Ratio Median Figure of 69 Publicly-Listed Consumer Durables Companies 0.7x
United States of America Market PB Ratio Median Figure of 5,142 Publicly-Listed Companies 1.22x
NasdaqGS:UEIC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:UEIC Share Price ÷ Book Value per Share (both in USD)

= 34.87 ÷ 19.68

1.77x

* 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.
X
Value checks
We assess Universal Electronics's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Consumer Durables industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Consumer Durables industry average (and greater than 0)? (1 check)
  5. Universal Electronics has a total score of 2/6, 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

 How is Universal Electronics expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

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!
Annual Growth Rate
75.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Universal Electronics expected to grow at an attractive rate?
  • Universal Electronics's earnings growth is expected to exceed the low risk savings rate of 1.7%.
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
Raw Data
NasdaqGS:UEIC Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:UEIC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 75.3%
NasdaqGS:UEIC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 2.7%
United States of America Consumer Durables Industry Earnings Growth Rate Market Cap Weighted Average 7.1%
United States of America Consumer Durables Industry Revenue Growth Rate Market Cap Weighted Average 4.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 12.2%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*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
Raw Data
NasdaqGS:UEIC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:UEIC Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 799 100 56 2
2020-12-31 745 51 44 3
2020-04-04
NasdaqGS:UEIC Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 753 85 4
2019-09-30 749 57 -15
2019-06-30 731 37 -16
2019-03-31 700 20 12
2018-12-31 680 13 12
2018-09-30 691 10 6
2018-06-30 684 10 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

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Universal Electronics's earnings are expected to grow significantly at over 20% yearly.
  • Universal Electronics's revenue is expected to grow by 2.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:UEIC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Universal Electronics Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:UEIC Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 3.90 4.18 3.61 2.00
2020-12-31 3.11 3.44 2.77 2.00
2020-04-04
NasdaqGS:UEIC Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 0.26
2019-09-30 -1.05
2019-06-30 -1.17
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

*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.
  • Universal Electronics is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Universal Electronics's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
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
Below we compare Universal Electronics's growth in the last year to its industry (Consumer Durables).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • 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's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Universal Electronics's 1-year earnings growth is negative, it can't be compared to the US Consumer Durables industry average.
Earnings and Revenue History
Universal Electronics's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Universal Electronics Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:UEIC Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 753.48 3.63 125.28 29.41
2019-09-30 749.09 -14.50 123.24 28.00
2019-06-30 731.08 -16.21 120.81 25.66
2019-03-31 699.71 11.51 120.63 24.56
2018-12-31 680.24 11.92 119.45 23.82
2018-09-30 691.09 6.18 123.19 23.26
2018-06-30 684.03 6.95 126.19 23.08
2018-03-31 699.08 -11.03 126.67 21.97
2017-12-31 695.79 -10.32 127.38 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

*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).
X
Past performance checks
We assess Universal Electronics's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Consumer Durables industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
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.
Net Worth
  • 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
This treemap shows a more detailed breakdown of Universal Electronics's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 5.6x 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.
Raw Data

All data from Universal Electronics Company Filings, last reported 3 months ago.

NasdaqGS:UEIC Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 274.40 68.00 74.30
2019-09-30 261.65 88.00 54.73
2019-06-30 260.87 95.00 49.57
2019-03-31 265.17 106.50 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 12.00 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
  • Universal Electronics's level of debt (24.8%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Universal Electronics's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (125.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4x coverage).
X
Financial health checks
We assess Universal Electronics's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Universal Electronics has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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
Dividend payments
0%
Current annual income from Universal Electronics dividends.
If you bought $2,000 of Universal Electronics shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • 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.
Raw Data
NasdaqGS:UEIC Annualized Past and Future Dividends
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 3 Analyst Estimates (S&P Global) See Below
United States of America Consumer Durables Industry Average Dividend Yield Market Cap Weighted Average of 20 Stocks 3.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1941 Stocks 3.1%
United States of America Minimum Threshold Dividend Yield 10th Percentile 1.1%
United States of America Bottom 25% Dividend Yield 25th Percentile 2%
United States of America Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:UEIC Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2020-04-04

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.
Current Payout to shareholders
What portion of Universal Electronics's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Universal Electronics has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Universal Electronics's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. 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)
  7. 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

 What is the CEO of Universal Electronics's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Paul Arling
COMPENSATION $2,353,020
AGE 57
TENURE AS CEO 19.5 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 been consistent with company performance over the past year, both up more than 20%.
  • Paul's remuneration is about 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:

10.3
Average Tenure
57
Average Age
  • 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

TITLE
Chairman & CEO
COMPENSATION
$2M
AGE
57
TENURE
19.5 yrs

Bryan Hackworth

TITLE
CFO & Senior VP
COMPENSATION
$952K
AGE
49
TENURE
13.7 yrs

Menno Koopmans

TITLE
Senior Vice President of Global Sales
COMPENSATION
$567K
AGE
43

David Chong

TITLE
Executive Vice President of Asia
COMPENSATION
$738K
AGE
57

Lou Hughes

TITLE
Strategic Advisor to the CEO
COMPENSATION
$1M
AGE
53
TENURE
1.2 yrs

Joseph Miketo

TITLE
Senior Vice President of Operations
AGE
62
TENURE
1.2 yrs

Rick Firehammer

TITLE
Senior VP
COMPENSATION
$726K
AGE
61
TENURE
26.5 yrs

Norm Sheridan

TITLE
Senior Vice President of Engineering
AGE
57

Ramzi Ammari

TITLE
Senior Vice President of Corporate Planning & Strategy
AGE
53
TENURE
10.3 yrs

Stephen Gutman

TITLE
Senior Vice President of Subscription Broadcast Unit - Americas
TENURE
5.3 yrs
Board of Directors Tenure

Average tenure and age of the Universal Electronics board of directors in years:

15.6
Average Tenure
64
Average Age
  • 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

Paul Arling

TITLE
Chairman & CEO
COMPENSATION
$2M
AGE
57
TENURE
18.8 yrs

Bill Mulligan

TITLE
Independent Director
COMPENSATION
$233K
AGE
66
TENURE
28.3 yrs

J. Sparkman

TITLE
Independent Director
COMPENSATION
$236K
AGE
87
TENURE
22.3 yrs

Ed Zinser

TITLE
Independent Director
COMPENSATION
$231K
AGE
61
TENURE
13.5 yrs

Satjiv Chahil

TITLE
Independent Director
COMPENSATION
$228K
AGE
69
TENURE
17.7 yrs

Gregory Stapleton

TITLE
Independent Director
COMPENSATION
$224K
AGE
73
TENURE
12 yrs

Carl Vogel

TITLE
Independent Director
COMPENSATION
$221K
AGE
62
TENURE
10.5 yrs

Sue Ann Hamilton

TITLE
Independent Director
AGE
58
TENURE
0.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
19. Dec 19 Sell Cheung Chong Individual 17. Dec 19 18. Dec 19 -3,416 $55.88 $-188,333
12. Dec 19 Sell Cheung Chong Individual 10. Dec 19 10. Dec 19 -1,127 $57.38 $-64,667
06. Dec 19 Sell Cheung Chong Individual 05. Dec 19 05. Dec 19 -1,000 $56.00 $-56,000
06. Dec 19 Sell Cheung Chong Individual 04. Dec 19 04. Dec 19 -3,325 $55.67 $-185,100
04. Dec 19 Sell Cheung Chong Individual 03. Dec 19 03. Dec 19 -4,000 $55.10 $-220,400
19. Nov 19 Sell William Mulligan Individual 19. Nov 19 19. Nov 19 -2,014 $58.10 $-117,005
18. Nov 19 Sell William Mulligan Individual 14. Nov 19 15. Nov 19 -4,986 $58.04 $-289,342
10. Sep 19 Sell Cheung Chong Individual 09. Sep 19 09. Sep 19 -1,406 $45.70 $-64,255
05. Sep 19 Sell Cheung Chong Individual 04. Sep 19 04. Sep 19 -6,036 $45.33 $-273,600
23. Aug 19 Sell Carl Vogel Individual 21. Aug 19 21. Aug 19 -12,500 $45.54 $-569,301
14. Aug 19 Sell William Mulligan Individual 14. Aug 19 14. Aug 19 -7,811 $44.84 $-350,276
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
X
Management checks
We assess Universal Electronics's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. 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

Director Carl Vogel Just Sold A Bunch Of Shares In Universal Electronics Inc. (NASDAQ:UEIC)

See our latest analysis for Universal Electronics Universal Electronics Insider Transactions Over The Last Year In fact, the recent sale by Director Carl Vogel was not their only sale of Universal Electronics shares this year. … Universal Electronics insiders didn't buy any shares over the last year. … NasdaqGS:UEIC Recent Insider Trading, August 29th 2019 Insider Ownership I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders.

Simply Wall St -

Independent Director William Mulligan Just Sold A Bunch Of Shares In Universal Electronics Inc. (NASDAQ:UEIC)

See our latest analysis for Universal Electronics Universal Electronics Insider Transactions Over The Last Year In fact, the recent sale by William Mulligan was the biggest sale of Universal Electronics shares made by an insider individual in the last twelve months, according to our records. … In the last year Universal Electronics insiders didn't buy any company stock. … NasdaqGS:UEIC Recent Insider Trading, August 15th 2019 Insider Ownership of Universal Electronics I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders.

Simply Wall St -

Universal Electronics (NASDAQ:UEIC) Has A Somewhat Strained Balance Sheet

View our latest analysis for Universal Electronics How Much Debt Does Universal Electronics Carry? … NasdaqGS:UEIC Historical Debt, August 4th 2019 How Healthy Is Universal Electronics's Balance Sheet? … Our View On the face of it, Universal Electronics's conversion of EBIT to free cash flow left us tentative about the stock, and its EBIT growth rate was no more enticing than the one empty restaurant on the busiest night of the year.

Simply Wall St -

Estimating The Fair Value Of Universal Electronics Inc. (NASDAQ:UEIC)

We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. … A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, so we discount the value of these future cash flows to their estimated value in today's dollars: 10-year free cash flow (FCF) estimate 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 Levered FCF ($, Millions) $31.9m $33.0m $34.0m $35.0m $36.1m $37.1m $38.2m $39.2m $40.3m $41.5m Growth Rate Estimate Source Analyst x2 Est @ 3.38% Est @ 3.18% Est @ 3.05% Est @ 2.95% Est @ 2.89% Est @ 2.84% Est @ 2.81% Est @ 2.78% Est @ 2.77% Present Value ($, Millions) Discounted @ 8.73% $29.3 $27.9 $26.5 $25.1 $23.7 $22.5 $21.2 $20.1 $19.0 $17.9 ("Est" = FCF growth rate estimated by Simply Wall St) Present Value of 10-year Cash Flow (PVCF)= $233.2m We now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. … Terminal Value (TV) = FCF2029 × (1 + g) ÷ (r – g) = US$41m × (1 + 2.7%) ÷ (8.7% – 2.7%) = US$709m Present Value of Terminal Value (PVTV) = TV / (1 + r)10 = $US$709m ÷ ( 1 + 8.7%)10 = $306.99m The total value is the sum of cash flows for the next ten years plus the discounted terminal value, which results in the Total Equity Value, which in this case is $540.18m.

Simply Wall St -

Is Universal Electronics Inc.'s (NASDAQ:UEIC) CEO Overpaid Relative To Its Peers?

First, this article will compare CEO compensation with compensation at similar sized companies. … Check out our latest analysis for Universal Electronics How Does Paul Arling's Compensation Compare With Similar Sized Companies? … We compared total CEO remuneration at Universal Electronics Inc.

Simply Wall St -

Does Universal Electronics Inc.'s (NASDAQ:UEIC) CEO Salary Compare Well With Others?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … View our latest analysis for Universal Electronics How Does Paul Arling's Compensation Compare With Similar Sized Companies? … We compared the total CEO remuneration paid by Universal Electronics Inc., and compared it to remuneration at a group of similar sized companies.

Simply Wall St -

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 -

Should 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 -

With 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 -

Our 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 -

UEIC Company Info

Description

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.

Details
Name: Universal Electronics Inc.
UEIC
Exchange: NasdaqGS
Founded: 1986
$488,702,736
14,014,991
Website: http://www.uei.com
Address: Universal Electronics Inc.
Scottsdale Quarter,
Suite H300,
Scottsdale,
Arizona, 85254-2494,
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
Staff numbers
4,347
Universal Electronics employees.
Industry
Consumer Electronics
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/04 00:03
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/02/21
Last earnings filing: 2020/03/16
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.