Universal Electronics

Universal Electronics Inc. is the worldwide leader in universal control and sensing technologies for the smart home. Its broad portfolio of pending and current patents includes the world’s most complete database to connect and control thousands of entertainment viewing devices. The Company designs, develops, manufactures and ships over 500 innovative products that are used by the world’s leading brands in the audio video, subscription broadcasting, connected home, tablet and smartphone markets. With a global network of design and development services, UEI’s many first-to-market innovations have helped transform the home entertainment control industry over the past 25 years. In 2015, it expanded its product and technology platform to include home automation, intelligent sensing and security.

Type
Public
HQ
Santa Ana, US
Founded
1986
Size (employees)
3,103 (est)+35%
Website
uei.com
Universal Electronics was founded in 1986 and is headquartered in Santa Ana, US

Universal Electronics Office Locations

Universal Electronics has offices in Santa Ana, Enschede, Manaus, Hong Kong and in 4 other locations
Santa Ana, US (HQ)
201 Sandpointe Ave
Twinsburg, US
1864 Enterprise Pkwy
Carlsbad, US
2055 Corte Del Nogal
San Mateo, US
130 2755 Campus Dr
Bengaluru, IN
49 Race Course Rd
Hong Kong, HK
18 Tak Fung St

Universal Electronics Data and Metrics

Universal Electronics Financial Metrics

Universal Electronics's revenue was reported to be $161.4 m in Q1, 2017
USD

Revenue (Q1, 2017)

161.4 m

Gross profit (Q1, 2017)

41 m

Gross profit margin (Q1, 2017), %

25%

Net income (Q1, 2017)

119 k

EBIT (Q1, 2017)

(365 k)

Market capitalization (25-Jul-2017)

1.1 b

Cash (31-Mar-2017)

62.7 m
Universal Electronics's current market capitalization is $1.1 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

529.4 m562.3 m602.8 m651.4 m

Revenue growth, %

6%7%8%

Cost of goods sold

377.9 m395.4 m436.1 m487.2 m

Gross profit

151.5 m166.9 m166.7 m164.1 m

Gross profit Margin, %

29%30%28%25%

EBIT

32.2 m41.3 m35.9 m25.4 m

EBIT margin, %

6%7%6%4%

Interest income

51 k11 k63 k1 m

Pre tax profit

29 m40.5 m36 m25.2 m

Net Income

23 m32.5 m29.2 m20.4 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

146.3 m147.8 m132.7 m147.6 m160.5 m150.7 m171 m169.2 m161.4 m

Cost of goods sold

102.8 m102.7 m95.3 m107.3 m117.7 m113 m127.5 m127.4 m120.4 m

Gross profit

43.6 m45.1 m37.4 m40.3 m42.8 m37.6 m43.5 m41.8 m41 m

Gross profit Margin, %

30%31%28%27%27%25%25%25%25%

R&D expense

4.1 m4.2 m4.4 m4.1 m4.1 m5.2 m5.2 m5 m5.5 m

General and administrative expense

27.8 m27.1 m26.9 m25.8 m29.6 m29.4 m30.3 m28.7 m30.7 m

Operating expense total

31.9 m31.3 m31.3 m29.9 m33.8 m34.6 m35.5 m33.7 m36.1 m

EBIT

11.7 m13.8 m6.1 m10.4 m9 m3 m8 m8.1 m(365 k)

EBIT margin, %

8%9%5%7%6%2%5%5%(0%)

Interest expense

(71 k)66 k110 k104 k(16 k)(267 k)(258 k)(228 k)(393 k)

Interest income

(71 k)66 k110 k104 k(16 k)(267 k)(258 k)(228 k)(393 k)

Pre tax profit

11.3 m13.2 m6.4 m10.6 m8.5 m3.5 m8.4 m8.2 m(175 k)

Income tax expense

2.8 m2.3 m1.3 m2.2 m2.2 m751 k1.8 m421 k(294 k)

Net Income

12.8 m23.6 m5.2 m13.6 m19.8 m2.7 m9.3 m17.1 m119 k
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

76.2 m112.5 m53 m50.6 m

Accounts Receivable

95.4 m98 m121.8 m124.6 m

Inventories

4.4 m6.9 m6.2 m129.9 m

Current Assets

278.5 m320 m315.3 m324.2 m

PP&E

75.6 m76.1 m90 m105.4 m

Goodwill

31 m30.7 m43.1 m43.1 m

Total Assets

423.7 m463.1 m495.2 m521 m

Accounts Payable

58.5 m70 m93.8 m97.2 m

Total Debt

50 m

Current Liabilities

119.9 m136.4 m215.1 m215.9 m

Total Liabilities

240.5 m

Additional Paid-in Capital

199.5 m214.7 m228.3 m250.5 m

Retained Earnings

193.5 m226.1 m255.2 m275.6 m

Total Equity

291.3 m315.6 m257.9 m280.5 m

Debt to Equity Ratio

0.2 x

Debt to Assets Ratio

0.1 x

Financial Leverage

1.5 x1.5 x1.9 x1.9 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

87.6 m99 m97.1 m82.2 m64.3 m56.1 m49.4 m48.1 m62.7 m

Accounts Receivable

107.5 m105.9 m93.8 m103.6 m112.1 m111 m132.1 m134.4 m129.2 m

Inventories

88.8 m92.3 m100.2 m109.1 m113 m117.7 m119.1 m124.1 m131.5 m

Current Assets

294.4 m307.9 m302.2 m307.1 m305.7 m304.5 m319.4 m325.7 m334.5 m

PP&E

75.4 m76.7 m79.1 m84 m89.1 m93.5 m98.1 m103.1 m106.7 m

Goodwill

31 m30.8 m30.5 m30.6 m43.4 m43.2 m43.1 m43.2 m43 m

Total Assets

437 m451.6 m448.6 m457.9 m484.2 m489 m506.7 m520.6 m538.9 m

Accounts Payable

69.9 m69.9 m64.2 m78 m90.8 m79.8 m99 m102.8 m93.3 m

Current Liabilities

126.9 m129.9 m121 m148.2 m202.7 m200 m208.8 m202.5 m240.6 m

Additional Paid-in Capital

208.9 m213.4 m218.6 m221.6 m224 m234.5 m239.4 m246.9 m254.6 m

Retained Earnings

206.3 m217.2 m231.3 m239.6 m245.9 m258 m264.6 m272.4 m277.2 m

Total Equity

297.5 m309 m316.4 m298.6 m259.1 m266.6 m274.8 m289.3 m276.3 m

Financial Leverage

1.5 x1.5 x1.4 x1.5 x1.9 x1.8 x1.8 x1.8 x2 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

23 m32.5 m29.2 m20.4 m

Depreciation and Amortization

18.4 m18.2 m20.5 m27 m

Accounts Receivable

(4.5 m)(8 m)(29 m)(3.9 m)

Inventories

(15 m)(8.2 m)(32 m)(14.8 m)

Accounts Payable

2.3 m20 m33.3 m10.5 m

Cash From Operating Activities

30.7 m63.5 m26.1 m49.5 m

Cash From Investing Activities

(11.7 m)(18.4 m)(47.6 m)(42.5 m)

Cash From Financing Activities

10 m(8 m)(35.1 m)(4.4 m)

Interest Paid

255 k1.2 m

Income Taxes Paid

6.1 m7.2 m7.8 m9.9 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

12.8 m23.6 m5.2 m13.6 m19.8 m2.7 m9.3 m17.1 m119 k

Depreciation and Amortization

8.8 m13.4 m4.7 m9.4 m14.5 m5.9 m12 m19 m7.6 m

Accounts Receivable

(12.9 m)(14 m)342 k(8.7 m)(17.9 m)12.3 m(9.6 m)(11.4 m)(3.7 m)

Inventories

5.1 m(577 k)(6 m)(15 m)(20.3 m)5.1 m982 k(4.5 m)(1.6 m)

Accounts Payable

10.4 m13.6 m(12.2 m)1.4 m21.8 m(22.9 m)4.5 m7.7 m(16.2 m)

Cash From Operating Activities

28.8 m43.3 m(5.6 m)5.9 m22.5 m3.1 m23.3 m38.7 m(7.9 m)

Cash From Investing Activities

(8.4 m)(13.9 m)(7.9 m)(16.9 m)(40.7 m)(8 m)(18.9 m)(30.2 m)(6.9 m)

Cash From Financing Activities

(8.5 m)(6.7 m)(2.4 m)(19.9 m)(29 m)8.9 m(5.4 m)(10.1 m)26.9 m

Interest Paid

68 k302 k609 k926 k414 k

Income Taxes Paid

3.2 m4.1 m2 m3 m3.9 m2.9 m4.6 m6 m2.9 m
USDY, 2017

Revenue/Employee

52 k

Financial Leverage

2 x

Universal Electronics Operating Metrics

FY, 2014Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017

Patents and Patent Applications

316357364373380400400400

    Universal Electronics Market Value History

    Universal Electronics Median Salaries

    Source: 18 public H-1B filings from Universal Electronics

    Universal Electronics Online and Social Media Presence

    Universal Electronics News and Updates

    Universal Electronics Company Life and Culture

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