Quality Investor

Universal Electronics Inc.

Rank #140Decline

UEIC · Nasdaq · Technology

Universal Electronics Inc. (UEIC) — Rank #140 by gross profitability (GP/assets 0.40) · ROE -13.0% · Piotroski F-Score 6 / 9.

As-of 2026-09-15 · CIK 0000101984 · all metrics point-in-time as of the filing date.

About

Universal Electronics Inc. designs, develops, manufactures, ships, and supports home entertainment control products, technology and software solutions, climate control solutions, wireless sensors and smart home control products, and audio-video accessories.

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It offers radio frequency (RF) capable and voice-enabled universal remote control products; and low-power RF and energy-harvesting microcontrollers, and embedded and cloud software to video service providers and consumer electronics original equipment manufacturers (OEMs), as well as distributes a portfolio of replacement remote controls, free-to-air antennas, and television and soundbar wall mounts directly to retailers. The company also provides wireless and wired controllers, smart thermostats and connected peripherals for sensing and smart energy management to OEM customers, hotels, utilities, and system integrators; proprietary and standards-based RF wireless remote controls and sensor for residential security, safety, and home automation applications; and integrated circuits, on which its software and universal device control database are embedded to OEMs, video service providers, smart home dealers, and private label customers. It offers software, firmware, and technology solutions that enables devices, such as smart TVs, hybrid set-top boxes, and other consumer electronic and smart home devices to wirelessly connect and interoperate within home networks; and cloud-enabled software for firmware update provisioning and digital rights management validation services to consumer electronics brands, as well as licenses intellectual property to OEMs and video service providers. It has operations in the United States, the People's Republic of China, rest of Asia, Europe, Latin America, and internationally. Universal Electronics Inc.

was incorporated in 1986 and is headquartered in Scottsdale, Arizona.

Industry
Consumer Electronics
Sector
Technology
State
DE
Filer Category
Accelerated filerSmaller reporting company
Fiscal Year End
December 31
Website
uei.com

Price History

UEIC-90.3% · -37.3% CAGRSPY+80.5% · +12.5% CAGR

Company Snapshot

P/E, P/B, and dividend yield matter most — book value provides a floor.

Market Cap

$64.43M

P/E (annual)

P/S (annual)

0.2

P/B

0.5

P/OCF (annual)

2.7

Shareholder Yield

-1.6%

Employees

3,099

Industry

Consumer Electronics

Exchange

Nasdaq

Signal Flags

1 green1 yellow1 red
Sequential beat (rev + EPS)Both revenue and EPS exceeded prior quarter — 1-quarter streak
Disclosure regressionA previously-disclosed line item is no longer reported — worth checking the filing for why
Revenue declining YoYRevenue contracted year over year

Quality Profile

Profitability

1/1 pass
GP / assets
0.40
Return on equity
-13.0%
Gross margin trend
PASS

Safety

1/1 pass
Balance-sheet safety
PASS
Debt / equity
0.81
Current ratio
1.77×
Net cash
$32.40M

Cash Flow

3/3 pass
Positive FCF
PASS
Cash-backed earnings
PASS
Accruals healthy
PASS
SBC / revenue
1.4%

Growth

1/2 pass
Revenue growth
-6.7%
Piotroski F-Score
6 / 9
Share dilution
1.6%

Terry Smith quality gate

Passes 0/5 Terry Smith thresholds

2 of 5 thresholds not computable from filed data.

What Growth Is Priced In

Implied revenue growth (10Y)

-18.8%

incredible deal

The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).

Dilution drag: 1.6% — per-share value needs a total required return of -17.2% once share-count change is priced in.

vs. own 6-year median revenue growth: -8.3%

Cost-of-equity sensitivity (implied growth at different discount rates)

r = 8%

-21.4%

r = 10% (base)

-18.8%

r = 12%

-16.6%

Net debt / market cap: -49.2%

Base FCF: $19.8M3Y mean FCF: $15.7M

Valuation History

Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.

P / E

Price / diluted EPS

N/A
21.7xmed 61.9x348.0x

P / S

Price / revenue per share

0.1xCheap
0.1xmed 0.6x1.4x

P / B

Price / book value per share

0.3xCheap
0.3xmed 1.6x2.7x

P / GP

Price / gross profit per share

0.5xCheap
0.5xmed 2.6x4.8x

P / FCF

Price / free cash flow per share

2.4xCheap
2.4xmed 8.7x55.9x

Asset value and restructuring potential (balance-sheet strength) are the primary reads at this stage.

Profitability

Gross profitability (GP / assets)

0.40

Primary signal (Novy-Marx).

81st pctl of 43 SIC 36 peers

Return on equity

-13.0%

Gross margin

28.9%

10th pctl of 43 SIC 36 peers

Revenue growth (YoY)

-6.7%

Gross margin improving

Margin trend vs prior year.

PASS

Operating Leverage

2022202320242025
Revenue vs COGS
Revenue vs OpEx
Op. Income vs Revenue

Growth

Revenue CAGR (3Y)

-12.1%

Revenue CAGR (5Y)

-9.7%

Earnings CAGR (3Y)

FCF CAGR (3Y)

Anti-fragile safety

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

0.81

38th pctl of 41 SIC 36 peers (best = lowest)

Current ratio

1.77×

17th pctl of 43 SIC 36 peers

Quick ratio

0.83×

Net cash

$32.40M

Cash & equivalents minus total debt.

Cash-flow health

Free cash flow

$19.75M

Operating cash flow minus capex.

Positive free cash flow

PASS

FCF / net income

2.06

Cash-backing of earnings.

FCF/NI divergence

Unfavorable divergence (yellow flag).

PASS

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

1.4%

Stock-based comp intensity.

Piotroski F-Score

F-Score

6 / 9

Fundamental-strength score (0-9).

Lifecycle Phase History

20202025
Value
Capital Return
Decline