A Business at a Glance
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UNIVERSAL ELECTRONICS INC
UEIC
$60M
Mkt Cap
$4.53
-0.55%
UNIVERSAL ELECTRONICS INC (UEIC) has a 5-year average return on invested capital (ROIC) of -12.2%. This is below average and may indicate limited pricing power.
UNIVERSAL ELECTRONICS INC (UEIC) has a market capitalization of $60M. It is classified as a small-cap stock.
UNIVERSAL ELECTRONICS INC (UEIC) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 5.17%.
UNIVERSAL ELECTRONICS INC (UEIC) operates in the Household Audio & Video Equipment industry, within the Industrials sector.
UNIVERSAL ELECTRONICS INC (UEIC) reported annual revenue of $368 million in its most recent fiscal year, based on SEC EDGAR filings.
UNIVERSAL ELECTRONICS INC (UEIC) has a net profit margin of -5.1%. The company is currently unprofitable.
UNIVERSAL ELECTRONICS INC (UEIC) generated $20 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
ITEM 1. BUSINESS Universal Electronics Inc. ("UEI" or the "Company") was incorporated under the laws of Delaware in 1986 and began operations in 1987. The principal executive offices are located at 15147 N. Scottsdale Road, Suite H300, Scottsdale, Arizona 85254. As used herein, the terms "we", "us" and "our" refer to UEI and its subsidiaries unless the context indicates the contrary. Additional information regarding UEI may be obtained at www.uei.com. Our website address is not intended to function as a hyperlink and the information available at our website address is not incorporated by reference into this Annual Report on Form 10-K. We make our periodic and current reports, together with amendments to these reports, available on our website, free of charge, as soon as reasonably practicable after such material is electronically filed with, or furnished to, the U.S. Securities and Exchange Commission ("SEC"). The SEC maintains a website at www.sec.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 368M | 368M | 395M | 420M | 543M | 602M |
| Net Income | -19M | -19M | -24M | -98M | 407K | 5.3M |
| EPS | $-1.41 | $-1.41 | $-1.85 | $-7.64 | $0.03 | $0.39 |
| Free Cash Flow | 20M | 20M | 10M | 17M | -3.1M | 28M |
| ROIC | -2.2% | -12.4% | -14.5% | -43.9% | 4.0% | 5.7% |
| Gross Margin | 28.9% | 28.9% | 28.9% | 23.2% | 28.1% | 28.8% |
| Debt/Equity | 0.77 | 0.77 | 0.11 | 0.13 | 0.09 | 0.07 |
| Dividends/Share | $0.00 | $0.00 | - | - | - | - |
| Operating Income | -6.4M | -6.4M | -15M | -85M | 15M | 23M |
| Operating Margin | -1.7% | -1.7% | -3.9% | -20.3% | 2.7% | 3.9% |
| ROE | -12.7% | -12.4% | -14.5% | -43.9% | 0.1% | 1.8% |
| Shares Outstanding | 13M | 13M | 13M | 13M | 14M | 14M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 562M | 603M | 651M | 696M | 680M | 753M | 615M | 602M | 543M | 420M | 395M | 368M | 368M |
| Gross Margin | 29.7% | 27.7% | 25.2% | 23.8% | 20.8% | 22.6% | 28.7% | 28.8% | 28.1% | 23.2% | 28.9% | 28.9% | 28.9% |
| R&D | 17M | 18M | 20M | 21M | 24M | 29M | 31M | 31M | 32M | 31M | 30M | 26M | 26M |
| SG&A | 109M | 113M | 114M | 127M | 120M | 125M | 108M | 119M | 105M | 98M | 92M | 85M | 85M |
| EBIT | 41M | 36M | 25M | 11M | -1.7M | 15M | 37M | 23M | 15M | -85M | -15M | -6.4M | -6.4M |
| Op. Margin | 7.3% | 6.0% | 3.9% | 1.5% | -0.2% | 2.0% | 6.1% | 3.9% | 2.7% | -20.3% | -3.9% | -1.7% | -1.7% |
| Net Income | 33M | 29M | 20M | -10M | 12M | 3.6M | 39M | 5.3M | 407K | -98M | -24M | -19M | -19M |
| Net Margin | 5.8% | 4.8% | 3.1% | -1.5% | 1.8% | 0.5% | 6.3% | 0.9% | 0.1% | -23.4% | -6.1% | -5.1% | -5.1% |
| Non-Recurring | 3.5M | 0 | 4.5M | 10M | 4.9M | 1.5M | 134K | -6.0M | 0 | 53M | 3.6M | 1.5M | 1.5M |
| Returns on Capital | |||||||||||||
| ROIC | 15.9% | 14.3% | 9.4% | 3.0% | 4.6% | 4.2% | 13.6% | 5.7% | 4.0% | -43.9% | -14.5% | -12.4% | -2.2% |
| ROE | 10.7% | 10.2% | 7.6% | -3.8% | 4.6% | 1.4% | 13.1% | 1.8% | 0.1% | -43.9% | -14.5% | -12.4% | -12.7% |
| ROA | 7.3% | 6.1% | 4.0% | -1.8% | 2.0% | 0.6% | 7.2% | 1.0% | 0.1% | -22.8% | -7.1% | -6.2% | -6.8% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 63M | 26M | 50M | 9.2M | 13M | 85M | 73M | 40M | 11M | 25M | 15M | 24M | 24M |
| Free Cash Flow | 47M | -6.9M | 8.9M | -31M | -7.3M | 64M | 57M | 28M | -3.1M | 17M | 10M | 20M | 20M |
| Owner Earnings | 39M | -2.3M | 12M | -34M | -30M | 44M | 35M | 3.6M | -23M | -6.5M | -9.9M | 4.3M | 4.3M |
| CapEx | 17M | 33M | 41M | 40M | 20M | 21M | 17M | 13M | 14M | 8.1M | 4.6M | 3.9M | 3.9M |
| Maint. CapEx | 18M | 20M | 27M | 31M | 34M | 32M | 30M | 27M | 24M | 23M | 18M | 14M | 14M |
| Growth CapEx | 0 | 13M | 14M | 9.1M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 18M | 20M | 27M | 31M | 34M | 32M | 30M | 27M | 24M | 23M | 18M | 14M | 14M |
| CapEx/OCF | 26.1% | 126.4% | 82.1% | 440.6% | 156.7% | 25.0% | 23.0% | 31.2% | 128.2% | 32.2% | 30.8% | N/A | 16.4% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 16M | 89M | 13M | 39M | 14M | 1.9M | 18M | 60M | 13M | 1.8M | 2.0M | 3.1M | 3.1M |
| Buyback Yield | 1.5% | 11.2% | 1.3% | 5.8% | 4.0% | 0.3% | 2.4% | 10.7% | 4.8% | 1.5% | 1.4% | 0.0% | 5.2% |
| Stock-Based Comp | 6.4M | 7.9M | 10M | 12M | 8.8M | 8.8M | 9.1M | 10.0M | 10M | 8.8M | 6.7M | 5.1M | 5.1M |
| Debt Repayment | 0 | 0 | 148M | 69M | 105M | 106M | 123M | 76M | 101M | 111M | 120M | 117M | 117M |
| Balance Sheet | |||||||||||||
| Net Debt | -112M | -53M | -49M | -60M | -48M | -49M | -36M | -41M | -43M | -19M | -9.8M | 78M | 81M |
| Cash & Equiv. | 113M | 53M | 51M | 62M | 53M | 74M | 57M | 61M | 67M | 43M | 27M | 32M | 32M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 113M |
| Debt/Equity | 0.00 | 0.00 | 0.00 | 0.01 | 0.02 | 0.09 | 0.07 | 0.07 | 0.09 | 0.13 | 0.11 | 0.77 | 0.77 |
| Interest Coverage | 206.4 | 179.6 | 19.5 | 4.0 | -0.3 | 3.6 | 23.3 | 25.8 | 4.4 | -14.2 | -3.6 | N/A | N/A |
| Equity | 316M | 258M | 281M | 258M | 263M | 274M | 313M | 276M | 268M | 179M | 153M | 146M | 146M |
| Total Assets | 463M | 495M | 521M | 608M | 556M | 564M | 510M | 510M | 504M | 356M | 323M | 274M | 274M |
| Total Liabilities | 147M | 237M | 241M | 355M | 293M | 290M | 197M | 234M | 236M | 177M | 170M | 128M | 128M |
| Intangibles | 25M | 33M | 29M | 29M | 24M | 20M | 20M | 20M | 24M | 25M | 24M | 22M | 22M |
| Retained Earnings | 226M | 255M | 276M | 267M | 283M | 286M | 325M | 330M | 331M | 232M | 208M | 190M | 190M |
| Working Capital | 184M | 100M | 108M | 74M | 101M | 112M | 147M | 120M | 122M | 98M | 84M | 86M | 86M |
| Current Assets | 320M | 315M | 324M | 407M | 380M | 379M | 327M | 337M | 338M | 259M | 242M | 205M | 205M |
| Current Liabilities | 136M | 215M | 216M | 333M | 280M | 266M | 180M | 217M | 216M | 161M | 158M | 119M | 119M |
| Per Share Data | |||||||||||||
| EPS | 2.01 | 1.88 | 1.38 | -0.72 | 0.85 | 0.26 | 2.72 | 0.39 | 0.03 | -7.64 | -1.85 | -1.41 | -1.41 |
| Owner EPS | 2.40 | -0.15 | 0.83 | -2.38 | -2.11 | 3.19 | 2.44 | 0.26 | -1.70 | -0.51 | -0.76 | 0.33 | 0.33 |
| Book Value | 19.50 | 16.60 | 19.02 | 17.97 | 18.75 | 19.65 | 22.09 | 20.30 | 19.78 | 13.91 | 11.79 | 11.08 | 11.08 |
| Cash Flow/Share | 3.92 | 1.68 | 3.36 | 0.64 | 0.92 | 6.11 | 5.18 | 2.96 | 0.81 | 1.96 | 1.14 | 1.79 | -0.33 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 | 0.00 |
| Shares Out. | 16.2M | 15.5M | 14.7M | 14.3M | 14.0M | 14.0M | 14.2M | 13.6M | 13.6M | 12.9M | 13.0M | 13.2M | 13.2M |
| Valuation | |||||||||||||
| P/E Ratio | 32.2 | 27.3 | 47.8 | N/A | 28.9 | 202.2 | 19.3 | 105.6 | 672.3 | N/A | N/A | N/A | -3.2 |
| P/FCF | 22.4 | N/A | 109.3 | N/A | N/A | 11.5 | 13.2 | 20.2 | N/A | 7.0 | 13.7 | N/A | 3.0 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | 3.3 | 3.1 | 3.5 | 2.7 | 1.3 | 2.7 | 2.4 | 2.0 | 1.0 | 0.7 | 0.9 | N/A | 0.4 |
| Price/Sales | 1.4 | 1.4 | 1.5 | 1.3 | 0.8 | 0.8 | 1.0 | 1.1 | 0.7 | 0.3 | 0.3 | N/A | 0.2 |
| FCF Yield | 4.5% | -0.9% | 0.9% | -4.6% | -2.1% | 8.7% | 7.6% | 4.9% | -1.1% | 14.4% | 7.3% | N/A | 33.1% |
| Market Cap | 1.0B | 796M | 972M | 675M | 344M | 734M | 745M | 560M | 274M | 119M | 140M | 0 | 60M |
| Avg. Price | 47.03 | 52.75 | 65.49 | 62.63 | 39.46 | 42.11 | 44.19 | 49.94 | 26.97 | 11.28 | 10.07 | 0.00 | 4.53 |
| Year-End Price | 64.82 | 51.32 | 65.90 | 47.05 | 24.54 | 52.56 | 52.54 | 41.20 | 20.17 | 9.24 | 10.78 | 0.00 | 4.53 |
UNIVERSAL ELECTRONICS INC passes 2 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 2.0x vs a median of 13.2x. The company's 5-year average gross margin is 27.6%. Total shareholder yield (buybacks) is 5.2%. At current prices, the estimated annualized return to fair value is -14.1%.
UNIVERSAL ELECTRONICS INC (UEIC) has a debt-to-equity ratio of 0.77. This indicates moderate leverage.
UNIVERSAL ELECTRONICS INC (UEIC) reported earnings per share (EPS) of $-1.41 in its most recent fiscal year.
UNIVERSAL ELECTRONICS INC (UEIC) has a return on equity (ROE) of -12.4%. A negative ROE may indicate losses or negative equity.
UNIVERSAL ELECTRONICS INC (UEIC) has a 5-year average gross margin of 27.6%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 16 years of financial data for UNIVERSAL ELECTRONICS INC (UEIC), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
UNIVERSAL ELECTRONICS INC (UEIC) has a book value per share of $11.08, based on its most recent annual SEC filing.