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Universal Electronics Inc. designs, develops, manufactures, ships, and supports control and sensor technology solutions in the United States, the People's Republic of China, rest of Asia, Europe, Latin America, and internationally. The company offers voice-enabled automatically-programmed universal two-way radio frequency, as well as infrared remote controls to video service providers, original equipment manufacturers (OEMs), retailers, and private label customers; wall-mount and handheld thermostat controllers and connected accessories for smart energy management systems to OEM customers, hotels, hospitality, and system integrators; proprietary and standards-based RF sensors for residential security, safety, and home automation applications; and integrated circuits on which its software and universal device control database is embedded to OEMs, video service providers, and private label customers. It also provides software, firmware and technology solutions that can enable devices such as Smart TVs, hybrid set-top boxes, audio systems, smart speakers, game consoles, and other consumer electronic and smart home devices to wirelessly connect and interoperate within home networks; cloud-services that support its embedded software and hardware solutions; intellectual property that the company licenses to OEMs and video service providers; embedded and cloud-enabled software for firmware update provisioning and digital rights management validation services to consumer electronics brands; and AV accessories, including universal remote controls, television wall mounts and stands, and digital television antennas. In addition, the company QuickSet, a software application that can be embedded in entertainment or smart home platform or can be delivered as a cloud-based service, through QuickSet Cloud, to enable universal device setup, interoperability, and control. Universal Electronics Inc. was incorporated in 1986 and is based in Scottsdale, Arizona.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Universal Electronics Inc develops wireless control and sensing solutions for connected-home and consumer electronics makers, including smart remotes, voice interfaces and cloud device-management. Long-term growth drivers include smart-home adoption, voice and IP integration, and recurring software and service revenue that could support steady demand.
Key risks are concentration among a few large OEM customers, consumer-electronics cyclicality and supply-chain exposure, competition from alternative control platforms, and execution risk in expanding software and services.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Income before tax | 11.39M | 16.08M | 43.91M | 10.40M | 26.17M |
| Minority interest | - | - | - | - | 0.00M |
| Net income | 0.41M | 5.30M | 38.57M | 3.63M | 11.92M |
| Selling general administrative | 105.29M | 118.85M | 107.54M | 125.48M | 119.65M |
| Gross profit | 152.29M | 173.02M | 176.26M | 170.20M | 141.80M |
| Reconciled depreciation | 24.03M | 26.75M | 29.73M | 31.93M | 33.60M |
| Ebit | 14.55M | 23.25M | 27.80M | 15.31M | -38.64M |
| Ebitda | 38.58M | 56.05M | 57.54M | 47.24M | -5.04M |
| Depreciation and amortization | 24.03M | 32.80M | 29.73M | 31.93M | 33.60M |
| Non operating income net other | -0.95M | -6.61M | -1.40M | -0.99M | 32.52M |
| Operating income | 14.55M | 23.25M | 27.80M | 15.31M | -1.67M |
| Other operating expenses | 528.20M | 578.35M | 577.41M | 738.16M | 681.91M |
| Interest expense | 2.20M | 0.57M | 1.42M | 3.92M | 4.69M |
| Tax provision | 10.99M | 10.78M | 5.33M | 6.77M | 14.24M |
| Interest income | - | - | - | 4.85M | 9.13M |
| Net interest income | -2.20M | -0.57M | -1.42M | -3.92M | -4.69M |
| Extraordinary items | - | - | - | - | -8.10M |
| Income tax expense | 10.99M | 10.78M | 5.33M | 6.77M | 14.24M |
| Total revenue | 542.75M | 601.60M | 614.68M | 753.48M | 680.24M |
| Total operating expenses | 137.74M | 149.76M | 138.99M | 154.89M | 143.47M |
| Cost of revenue | 390.46M | 428.59M | 438.42M | 583.27M | 538.44M |
| Total other income expense net | -3.15M | -7.17M | 16.10M | -4.91M | 32.52M |
| Net income from continuing ops | 0.41M | 5.30M | 38.57M | 3.63M | 11.92M |
| Net income applicable to common shares | 0.41M | 5.30M | 38.57M | 3.63M | 11.92M |
| Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 355.87M | 504.16M | 510.35M | 510.29M | 564.16M |
| Intangible assets | 25.35M | 24.47M | 20.17M | 19.71M | 19.83M |
| Other current assets | 7.33M | 6.65M | 7.29M | 6.83M | 6.73M |
| Total liab | 176.95M | 235.76M | 234.40M | 196.99M | 289.76M |
| Total stockholder equity | 178.92M | 268.41M | 275.95M | 313.30M | 274.40M |
| Deferred long term liab | - | 2.72M | 2.39M | 1.91M | 1.70M |
| Other current liab | 40.51M | 55.97M | 68.08M | 76.28M | 94.03M |
| Common stock | 0.25M | 0.25M | 0.25M | 0.24M | 0.24M |
| Capital stock | 0.25M | 0.25M | 0.25M | 0.24M | 0.24M |
| Retained earnings | 232.46M | 330.70M | 330.29M | 324.99M | 286.42M |
| Other liab | - | 4.26M | 3.35M | 3.80M | 7.67M |
| Good will | 0.00M | 49.09M | 48.46M | 48.61M | 48.45M |
| Other assets | - | 8.18M | 10.08M | 27.84M | 6.57M |
| Cash | 42.75M | 66.74M | 60.81M | 57.15M | 74.30M |
| Total current liabilities | 161.15M | 216.47M | 216.79M | 179.51M | 266.46M |
| Current deferred revenue | 3.79M | 1.13M | - | 5.56M | 1.84M |
| Net debt | 29.62M | 36.29M | 9.45M | -23.47M | 9.34M |
| Short term debt | 59.81M | 88.00M | 56.00M | 20.00M | 68.00M |
| Short long term debt | 55.00M | 88.00M | 56.00M | 20.00M | 68.00M |
| Short long term debt total | 72.37M | 103.03M | 70.27M | 33.68M | 83.64M |
| Other stockholder equity | -33.03M | -41.35M | -41.06M | 6.59M | 10.52M |
| Property plant equipment | - | 62.79M | 94.49M | 87.28M | 90.73M |
| Total current assets | 258.85M | 338.04M | 337.15M | 326.84M | 378.75M |
| Net tangible assets | - | 194.85M | 207.32M | 244.98M | 206.12M |
| Net receivables | 120.50M | 124.47M | 134.57M | 142.43M | 152.58M |
| Inventory | 88.27M | 140.18M | 134.47M | 120.43M | 145.13M |
| Accounts payable | 57.03M | 71.37M | 92.71M | 83.23M | 102.59M |
| Accumulated other comprehensive income | -20.76M | -21.19M | -13.52M | -18.52M | -22.78M |
| Common stock total equity | - | 0.25M | 0.25M | 0.24M | 0.24M |
| Retained earnings total equity | - | 330.70M | 330.29M | 324.99M | 286.42M |
| Treasury stock | - | -368.19M | -355.16M | -295.50M | -277.82M |
| Non currrent assets other | 1.57M | 1.94M | 2.35M | 2.75M | 2.16M |
| Non current assets total | 97.02M | 166.12M | 173.20M | 183.45M | 185.41M |
| Capital lease obligations | 17.37M | 15.03M | 14.27M | 13.68M | 20.54M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Investments | -21.21M | -17.04M | -23.73M | -23.97M | 23.57M |
| Change to liabilities | -30.74M | 0.87M | -40.03M | 17.81M | -8.57M |
| Total cashflows from investing activities | -21.21M | -17.04M | -23.73M | -23.97M | 23.57M |
| Net borrowings | 32.00M | 36.00M | -48.00M | -33.50M | -36.50M |
| Total cash from financing activities | 20.50M | -22.03M | -65.96M | -39.23M | -53.32M |
| Change to operating activities | -0.92M | -0.63M | -0.24M | 4.65M | -0.59M |
| Net income | 0.41M | 5.30M | 38.57M | 3.63M | 11.92M |
| Change in cash | 5.93M | 3.66M | -17.15M | 21.09M | -14.13M |
| Begin period cash flow | 60.81M | 57.15M | 74.30M | 53.21M | 67.34M |
| End period cash flow | 66.74M | 60.81M | 57.15M | 74.30M | 53.21M |
| Total cash from operating activities | 10.93M | 40.28M | 73.39M | 85.26M | 12.86M |
| Depreciation | 24.03M | 26.75M | 29.73M | 31.93M | 33.60M |
| Other cashflows from investing activities | -7.20M | -4.46M | -6.87M | -2.65M | 43.72M |
| Change to inventory | -9.91M | -14.98M | 28.30M | -19.58M | -19.87M |
| Change to account receivables | 12.77M | 2.01M | 14.88M | 17.20M | 5.46M |
| Sale purchase of stock | -13.04M | -59.66M | -17.68M | -1.93M | -13.82M |
| Other cashflows from financing activities | 134.54M | 113.64M | 74.71M | 68.70M | 65.01M |
| Change to netincome | 15.29M | 18.11M | 11.64M | 11.96M | -9.10M |
| Capital expenditures | 20.59M | 17.04M | 23.23M | 23.97M | 22.66M |
| Change receivables | 12.77M | 2.01M | 14.88M | 17.20M | 5.46M |
| Cash flows other operating | -0.92M | 5.33M | -9.71M | 4.65M | -0.59M |
| Cash and cash equivalents changes | 10.22M | 1.22M | -16.31M | 22.06M | -16.89M |
| Change in working capital | -28.81M | -9.88M | 2.90M | 20.08M | -23.57M |
| Stock based compensation | 10.01M | 9.97M | 9.12M | 8.85M | 8.82M |
| Other non cash items | 3.90M | 9.70M | -6.46M | 22.56M | -21.89M |
| Free cash flow | -9.66M | 23.24M | 50.16M | 61.29M | -9.81M |
Sector: Technology Industry: Consumer Electronics
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| UEIC Universal Electronics Inc |
0.66 13.58% |
5.52 | - | 18.12 | 0.31 | 0.72 | 0.38 | -17.09 |
| AAPL Apple Inc. |
-1.80 0.52% |
342.37 | 34.61 | 31.15 | 8.98 | 44.31 | 9.02 | 25.71 |
| SSNLF Samsung Electronics Co Ltd |
- -% |
65.21 | 19.52 | 12.97 | 0.00 | 1.05 | 0.89 | 2.87 |
| SNEJF Sony Corp |
-0.17 0.63% |
26.98 | 21.47 | 16.47 | 0.01 | 2.65 | 1.72 | 8.01 |
| SONY Sony Group Corp |
- -% |
27.00 | 19.93 | 16.18 | 0.01 | 2.60 | 1.72 | 8.01 |
Universal Electronics Inc. designs, develops, manufactures, ships, and supports control and sensor technology solutions in the United States, the People's Republic of China, rest of Asia, Europe, Latin America, and internationally. The company offers voice-enabled automatically-programmed universal two-way radio frequency, as well as infrared remote controls to video service providers, original equipment manufacturers (OEMs), retailers, and private label customers; wall-mount and handheld thermostat controllers and connected accessories for smart energy management systems to OEM customers, hotels, hospitality, and system integrators; proprietary and standards-based RF sensors for residential security, safety, and home automation applications; and integrated circuits on which its software and universal device control database is embedded to OEMs, video service providers, and private label customers. It also provides software, firmware and technology solutions that can enable devices such as Smart TVs, hybrid set-top boxes, audio systems, smart speakers, game consoles, and other consumer electronic and smart home devices to wirelessly connect and interoperate within home networks; cloud-services that support its embedded software and hardware solutions; intellectual property that the company licenses to OEMs and video service providers; embedded and cloud-enabled software for firmware update provisioning and digital rights management validation services to consumer electronics brands; and AV accessories, including universal remote controls, television wall mounts and stands, and digital television antennas. In addition, the company QuickSet, a software application that can be embedded in entertainment or smart home platform or can be delivered as a cloud-based service, through QuickSet Cloud, to enable universal device setup, interoperability, and control. Universal Electronics Inc. was incorporated in 1986 and is based in Scottsdale, Arizona.
| Name | Title | Year Born |
|---|---|---|
| Mr. Paul D. Arling | Chairman & CEO | 1962 |
| Mr. Bryan M. Hackworth | CFO & Sr. VP | 1970 |
| Mr. Menno V. Koopmans | Sr. VP of Global Sales & Marketing | 1976 |
| Mr. Ramzi S. Ammari | Sr. VP of Corp. Planning & Strategy | 1966 |
| Mr. Richard K Carnifax | VP of Manufacturing & Operations | NA |
| Mr. Richard A. Firehammer Jr. | Sr. VP, Gen. Counsel & Sec. | 1958 |
| Dr. Norman G. Sheridan Ph.D., | Sr. VP of Engineering | 1962 |
| Mr. Cheung Hyen Chong | Exec. VP of Asia | 1962 |
| Mr. Stephen L. Gutman | Sr. VP of Global Sales of Subscription Broadcast | NA |
| Mr. Hrag G. Ohannessian | Sr. VP of Global Sales at Home Automation, Security and Hospitality | NA |
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