A Business at a Glance
0 of 1 daily views used (1 remaining). Sign up free for +5 more daily views (6 total), or try AAPL for a full preview.
Ubiquiti Inc.
UI
$31.8B
Mkt Cap
$525.70
-0.69%
Ubiquiti Inc. (UI) has a current P/E ratio of 35.8, compared to its historical median P/E of 27.7. The stock is currently considered Expensive based on its historical valuation range.
Ubiquiti Inc. (UI) has a 5-year average return on invested capital (ROIC) of 98.1%. This indicates strong capital allocation and a potential competitive advantage.
Ubiquiti Inc. (UI) has a market capitalization of $31.8B. It is classified as a large-cap stock.
Yes, Ubiquiti Inc. (UI) pays a dividend with a trailing twelve-month yield of 0.57%.
Based on historical P/E analysis, Ubiquiti Inc. (UI) appears expensive. The current P/E of 35.8 is 29% above its historical median of 27.7. The estimated fair value CAGR (P/E method) is 8.1%.
Ubiquiti Inc. (UI) operates in the Radio & Tv Broadcasting & Communications Equipment industry, within the Industrials sector.
Ubiquiti Inc. (UI) reported annual revenue of $2.6 billion in its most recent fiscal year, based on SEC EDGAR filings.
Item 1. Business Business Overview The Company was founded by Robert Pera in 2005. We sell equipment, and provide the related software platforms, worldwide through a network of over 100 distributors, on-line retailers and direct to customers through our webstores. Ubiquiti is focused on democratizing network technology on a global scale. Our devices play a role in creating networking infrastructure in over 200 countries and territories around the world. Our professional networking products are powered by our UISP and UniFi OS software platforms to provide high-capacity distributed Internet access and unified information technology management, respectively. We develop technology platforms for high-capacity distributed Internet access, unified information technology, and consumer electronics for professional, home and personal use. We categorize our solutions into three main categories: high performance networking technology for enterprises, service providers and consumers.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 3.1B | 2.6B | 1.9B | 1.9B | 1.7B | 1.9B |
| Net Income | 942M | 712M | 350M | 408M | 379M | 617M |
| EPS | $15.57 | $11.76 | $5.79 | $6.74 | $6.13 | $9.78 |
| Free Cash Flow | 741M | 627M | 530M | -166M | 357M | 594M |
| ROIC | 113.9% | 102.4% | 54.1% | 81.9% | 154.1% | 259.1% |
| Gross Margin | 46.0% | 43.4% | 38.4% | 39.2% | 39.6% | 48.1% |
| Debt/Equity | 0.00 | 0.37 | 7.43 | -9.31 | -2.05 | 181.88 |
| Dividends/Share | $3.00 | $2.40 | $2.40 | $2.40 | $2.40 | $1.60 |
| Operating Income | 1.1B | 836M | 499M | 545M | 462M | 743M |
| Operating Margin | 35.8% | 32.5% | 25.9% | 28.1% | 27.3% | 39.1% |
| ROE | 78.4% | 186.5% | 368.1% | -163.5% | -199.2% | -421.2% |
| Shares Outstanding | 61M | 61M | 60M | 60M | 62M | 63M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 572M | 596M | 666M | 865M | 1.0B | 1.2B | 1.3B | 1.9B | 1.7B | 1.9B | 1.9B | 2.6B | 3.1B |
| Gross Margin | 44.3% | 44.0% | 48.7% | 45.7% | 43.6% | 46.3% | 47.3% | 48.1% | 39.6% | 39.2% | 38.4% | 43.4% | 46.0% |
| R&D | 34M | 55M | 58M | 69M | 74M | 82M | 89M | 116M | 138M | 145M | 160M | 170M | 199M |
| SG&A | 24M | 22M | 33M | 37M | 43M | 43M | 41M | 54M | 70M | 71M | 81M | 111M | 119M |
| EBIT | 196M | 147M | 242M | 290M | 326M | 394M | 478M | 743M | 462M | 545M | 499M | 836M | 1.1B |
| Op. Margin | 34.2% | 24.6% | 36.3% | 33.5% | 32.1% | 33.9% | 37.2% | 39.1% | 27.3% | 28.1% | 25.9% | 32.5% | 35.8% |
| Net Income | 177M | 130M | 214M | 258M | 196M | 323M | 380M | 617M | 379M | 408M | 350M | 712M | 942M |
| Net Margin | 30.9% | 21.8% | 32.1% | 29.8% | 19.3% | 27.8% | 29.6% | 32.5% | 22.4% | 21.0% | 18.1% | 27.7% | 30.4% |
| Non-Recurring | -45K | 0 | 747K | 2.5M | 2.3M | 1.6M | 6.6M | 249K | 2.4M | 13M | 24M | 6.7M | 6.7M |
| Returns on Capital | |||||||||||||
| ROIC | N/M | 195.5% | N/M | 151.3% | 105.0% | 158.6% | 141.7% | N/M | 154.1% | 81.9% | 54.1% | 102.4% | 113.9% |
| ROE | 73.3% | 34.2% | 49.5% | 49.4% | 42.8% | 155.5% | -387.7% | -421.2% | -199.2% | -163.5% | 368.1% | 186.5% | 78.4% |
| ROA | 46.0% | 24.1% | 31.7% | 29.9% | 19.7% | 34.0% | 47.1% | 75.7% | 43.6% | 36.2% | 27.3% | 54.3% | 54.9% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 121M | 135M | 198M | 112M | 332M | 259M | 460M | 612M | 370M | -145M | 542M | 640M | 761M |
| Free Cash Flow | 117M | 122M | 191M | 105M | 323M | 208M | 430M | 594M | 357M | -166M | 530M | 627M | 741M |
| Owner Earnings | 114M | 125M | 188M | 102M | 322M | 249M | 450M | 597M | 353M | -166M | 516M | 611M | 735M |
| CapEx | 4.0M | 13M | 6.2M | 7.2M | 9.1M | 52M | 31M | 18M | 13M | 21M | 12M | 13M | 20M |
| Maint. CapEx | 2.8M | 5.0M | 6.0M | 7.1M | 7.3M | 7.6M | 7.7M | 12M | 14M | 16M | 19M | 22M | 19M |
| Growth CapEx | 1.2M | 7.8M | 211K | 129K | 1.8M | 44M | 23M | 6.2M | 0 | 4.6M | 0 | 0 | 995K |
| D&A | 2.8M | 5.0M | 6.0M | 7.1M | 7.3M | 7.6M | 7.7M | 12M | 14M | 16M | 19M | 22M | 19M |
| CapEx/OCF | 3.3% | 9.5% | 3.2% | 6.5% | 2.7% | 19.9% | 6.7% | 3.0% | 3.6% | N/A | 2.2% | 2.0% | 2.6% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 15M | 15M | 0 | 0 | 0 | 71M | 79M | 101M | 148M | 145M | 145M | 145M | 182M |
| Dividend Yield | 0.5% | 0.5% | N/A | N/A | N/A | 0.9% | 0.8% | 0.7% | 0.9% | 0.9% | 1.8% | 0.8% | 0.6% |
| Share Buybacks | 0 | 35M | 194M | 105M | 445M | 468M | 700M | 220M | 618M | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | 2.6% | 7.2% | 5.3% | 6.6% | 1.2% | 4.1% | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 4.9M | 5.0M | 3.7M | 2.8M | 3.2M | 2.9M | 2.9M | 3.0M | 3.5M | 4.7M | 6.4M | 7.2M | 7.3M |
| Debt Repayment | 76M | 75M | 10M | 11M | 5.2M | 0 | 3.1M | 3.3M | 0 | 1.2M | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | -275M | -349M | -348M | -348M | -182M | 187M | 509M | 240M | 650M | 963M | 580M | 100M | -369M |
| Cash & Equiv. | 347M | 446M | 551M | 604M | 667M | 238M | 143M | 249M | 136M | 115M | 126M | 150M | 369M |
| Long-Term Debt | 72M | 88M | 192M | 242M | 460M | 465M | 628M | 467M | 763M | 1.0B | 670M | 0 | N/A |
| Debt/Equity | 0.22 | 0.23 | 0.46 | 0.43 | 1.54 | 4.99 | -2.21 | 181.88 | -2.05 | -9.31 | 7.43 | 0.37 | 0.00 |
| Interest Coverage | 118.8 | 1748.5 | 709.8 | 1127.5 | 567.2 | 685.7 | 512.5 | 654.3 | 407.3 | 549.0 | 503.0 | 1887.8 | 1887.8 |
| Equity | 335M | 422M | 440M | 602M | 316M | 99M | -295M | 2.7M | -383M | -116M | 95M | 668M | 1.2B |
| Total Assets | 476M | 601M | 747M | 973M | 1.0B | 876M | 737M | 891M | 845M | 1.4B | 1.2B | 1.5B | 1.7B |
| Total Liabilities | 141M | 178M | 307M | 371M | 707M | 777M | 1.0B | 888M | 1.2B | 1.5B | 1.1B | 798M | 513M |
| Intangibles | 799K | 575K | 616K | 437K | 460K | 3.3M | 3.1M | 8.7M | 7.2M | 5.7M | 4.2M | 2.6M | 1.8M |
| Retained Earnings | 313M | 422M | 440M | 601M | 315M | 99M | -296M | 2.6M | -383M | -121M | 84M | 651M | 1.2B |
| Working Capital | 413M | 511M | 638M | 854M | 888M | 575M | 322M | 418M | 311M | 815M | 631M | 462M | 1.0B |
| Current Assets | 466M | 581M | 728M | 952M | 1.0B | 754M | 587M | 694M | 622M | 1.2B | 916M | 1.2B | 1.4B |
| Current Liabilities | 52M | 70M | 91M | 98M | 113M | 179M | 264M | 276M | 311M | 352M | 285M | 711M | 394M |
| Per Share Data | |||||||||||||
| EPS | 1.97 | 1.45 | 2.49 | 3.09 | 2.51 | 4.51 | 5.80 | 9.78 | 6.13 | 6.74 | 5.79 | 11.76 | 15.57 |
| Owner EPS | 1.26 | 1.39 | 2.19 | 1.23 | 4.11 | 3.48 | 6.86 | 9.47 | 5.72 | -2.75 | 8.54 | 10.09 | 12.14 |
| Book Value | 3.73 | 4.72 | 5.13 | 7.22 | 4.04 | 1.39 | -4.51 | 0.04 | -6.20 | -1.91 | 1.57 | 11.04 | 19.86 |
| Cash Flow/Share | 1.35 | 1.50 | 2.30 | 1.34 | 4.25 | 3.62 | 7.02 | 9.71 | 5.99 | -2.40 | 8.96 | 10.57 | 15.87 |
| Dividends/Share | 0.17 | 0.17 | 0.00 | 0.00 | 0.00 | 1.00 | 1.20 | 1.60 | 2.40 | 2.40 | 2.40 | 2.40 | 3.00 |
| Shares Out. | 89.8M | 89.4M | 85.8M | 83.3M | 78.2M | 71.6M | 65.6M | 63.0M | 61.8M | 60.5M | 60.4M | 60.5M | 60.5M |
| Valuation | |||||||||||||
| P/E Ratio | 21.0 | 20.8 | 13.8 | 16.0 | 31.5 | 27.4 | 28.1 | 30.2 | 39.7 | 25.0 | 24.9 | 34.1 | 33.8 |
| P/FCF | 31.6 | 22.1 | 15.5 | 39.2 | 19.2 | 42.6 | 24.8 | 31.4 | 42.1 | N/A | 16.4 | 38.7 | 42.9 |
| EV/EBIT | 17.5 | 15.9 | 10.8 | 13.0 | 18.4 | 22.9 | 23.4 | 25.4 | 33.9 | 20.5 | 18.6 | 29.2 | 28.4 |
| Price/Book | 11.1 | 6.4 | 6.7 | 6.8 | 19.6 | 89.1 | N/A | N/A | N/A | N/A | 91.6 | 36.4 | 26.5 |
| Price/Sales | 5.5 | 4.7 | 4.0 | 4.6 | 4.8 | 6.6 | 7.2 | 7.9 | 10.1 | 8.1 | 4.2 | 7.0 | 10.3 |
| FCF Yield | 3.2% | 4.5% | 6.5% | 2.5% | 5.2% | 2.3% | 4.0% | 3.2% | 2.4% | -1.6% | 6.1% | 2.6% | 2.3% |
| Market Cap | 3.7B | 2.7B | 3.0B | 4.1B | 6.2B | 8.8B | 10.7B | 18.6B | 15.0B | 10.2B | 8.7B | 24.3B | 31.8B |
| Avg. Price | 35.16 | 31.41 | 31.35 | 47.95 | 62.98 | 106.95 | 141.97 | 239.12 | 275.96 | 259.43 | 132.73 | 296.13 | 525.70 |
| Year-End Price | 41.31 | 30.10 | 34.46 | 49.33 | 79.14 | 123.58 | 162.77 | 295.48 | 243.10 | 168.38 | 144.07 | 401.54 | 525.70 |
Ubiquiti Inc. passes 4 of 9 quality checks, suggesting mixed fundamentals.
Ubiquiti Inc. trades at 35.8x trailing earnings, compared to its 15-year median P/E of 27.7x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 45.5x vs a median of 31.4x. The company's 5-year average ROIC is 98.1% with a gross margin of 41.7%. Total shareholder yield (dividends) is 0.6%. At current prices, the estimated annualized return to fair value is +10.2%.
Ubiquiti Inc. (UI) has a net profit margin of 27.7%. This is a strong margin indicating high profitability.
Ubiquiti Inc. (UI) generated $627 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Ubiquiti Inc. (UI) has a debt-to-equity ratio of 0.37. This indicates a conservatively financed balance sheet.
Ubiquiti Inc. (UI) reported earnings per share (EPS) of $11.76 in its most recent fiscal year.
Ubiquiti Inc. (UI) has a return on equity (ROE) of 186.5%. This indicates the company generates strong returns for shareholders.
Ubiquiti Inc. (UI) has a 5-year average gross margin of 41.7%. This indicates decent pricing power.
The Ledger Terminal provides 15 years of financial data for Ubiquiti Inc. (UI), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Ubiquiti Inc. (UI) has a book value per share of $11.04, based on its most recent annual SEC filing.