Universal Electronics Inc. Financial Ratios — UEIC Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Return on Common Equity (%)	13.83	10.19	12.6	15.49	12.11	7.66	-3.8	4.34	1.27	12.61	1.62	0.12	-34.86	-10.89	-9.33
Return on Assets (%)	5.38	4.42	5.72	7.34	6.09	4.01	-1.83	2.05	0.65	7.18	1.04	0.08	-22.85	-7.08	-6.23
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	8.45	6.96	9.25	10.79	9.17	7.48	-6.54	-0.2	1.45	8.95	2.14	0.14	- -	- -	- -
Gross Margin (%)	27.75	28.81	28.61	29.68	27.66	25.2	23.82	20.85	22.59	28.67	28.76	28.06	23.2	28.87	28.91
EBITDA Margin (%)	9.37	9.46	9.54	10.59	9.35	8.73	6.92	4.69	6.27	10.9	8.31	7.11	-2.21	2.66	2.45
Operating Margin (%)	5.67	5.66	6.07	7.34	5.96	4.59	2.42	-0.24	2.03	6.06	3.87	2.68	-7.66	-1.91	-1.41
Incremental Operating Margin (%)	3.85	6.75	8.98	27.68	-13.24	-12.42	-29.44	- -	23.19	-15.82	107.16	14.79	- -	- -	- -
Pretax Margin (%)	5.38	5.32	5.49	7.19	5.97	3.87	1.05	3.85	1.38	7.14	2.67	2.1	-21.94	-4.71	-3.25
Profit Margin (%)	4.26	3.57	4.34	5.79	4.84	3.12	-1.48	1.75	0.48	6.28	0.88	0.07	-23.36	-6.09	-5.05
Net Income to Common Margin (%)	4.26	3.57	4.34	5.79	4.84	3.12	-1.48	1.75	0.48	6.28	0.88	0.07	-23.36	-6.09	-5.05
Effective Tax Rate (%)	20.95	32.82	20.92	19.57	18.91	19.07	241.64	54.43	65.1	12.15	67.03	96.43	- -	- -	- -
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	13.83	10.19	12.6	15.49	12.11	7.66	-3.8	4.34	1.27	12.61	1.62	0.12	-34.86	-10.89	-9.33

Credit (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Debt	16	- -	- -	- -	50	50	138	102	89	40	75	109	72	50	33
ST Debt	16	- -	- -	- -	50	50	138	102	73	26	61	94	60	41	27
LT Debt	- -	- -	- -	- -	- -	- -	- -	- -	16	14	14	15	13	9	6
Total Debt/EBITDA	0.37	- -	- -	- -	0.89	0.88	2.87	3.18	1.87	0.59	1.5	2.81	-7.8	4.73	3.72
Net Debt/EBITDA	-0.3	-1.02	-1.51	-1.89	-0.05	-0.01	1.57	1.51	-0.13	-0.55	-0.1	0.55	-1.32	0.97	-0.91
Total Debt/EBIT	0.62	- -	- -	- -	1.39	1.67	8.21	-60.96	5.78	1.07	3.23	7.46	-2.25	-6.6	-6.46
Net Debt/EBIT	-0.49	-1.7	-2.37	-2.73	-0.08	-0.02	4.49	-29	-0.41	-1	-0.21	1.46	-0.38	-1.35	1.59
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	41.74	45.02	45.73	48.87	51.59	52.94	43.89	50.94	50.81	63.74	64.77	65.64	65.39	64.54	69.38
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	5.7	4.37	5.17	5.6	7.02	6.03	4.24
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	4.17	3.75	3.52	3.42	4.12	3.57	2.77
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	2.77	2.68	2.8	2.98	3.53	2.86	2.26
Total Debt/Equity (%)	7.13	- -	- -	- -	19.39	17.82	54.43	38.6	32.27	12.7	27.19	40.44	40.45	32.49	22.91
Total Debt/Capital (%)	9.61	- -	- -	- -	16.35	15.34	34.07	26.4	23.6	10.9	18.5	24.7	23.72	19.25	14.98
Total Debt/Total Assets (%)	4.44	- -	- -	- -	10.1	9.59	22.68	18.27	15.69	7.79	14.7	21.53	20.34	15.38	12.22
Net Debt to Equity	-5.64	-17.79	-26.15	-35.65	-1.15	-0.22	29.8	18.37	-2.3	-11.86	-1.74	7.92	6.85	6.65	-5.63
Net Debt/Capital (%)	-9.18	-35.34	-64.78	-98.9	-1.17	-0.23	22.06	14.58	-2.09	-12.07	-1.4	5.7	4.67	4.39	-4.3
EBITDA	44	44	51	60	56	57	48	32	47	67	50	39	-9	11	9
EBITDA-CapEx	29	32	39	41	21	14	6	9	23	44	33	18	-23	2	2
Operating Income (Loss)	27	26	32	41	36	30	17	-2	15	37	23	15	-32	-8	-5

Liquidity (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Cash Ratio	0.23	0.39	0.64	0.83	0.25	0.23	0.19	0.19	0.28	0.32	0.28	0.31	0.27	0.17	0.27
Current Ratio	1.67	1.98	2.32	2.35	1.47	1.5	1.22	1.36	1.42	1.82	1.56	1.56	1.61	1.53	1.72
Quick Ratio	0.88	1.17	1.43	1.54	0.81	0.82	0.65	0.8	0.85	1.11	0.9	0.88	1.01	0.97	1.01
CFO/Avg Current Liab	0.11	0.36	0.26	0.5	0.15	0.23	0.03	0.04	0.31	0.33	0.2	0.05	0.13	0.09	0.17
Common Equity/Total Assets	41.74	45.02	45.73	48.87	51.59	52.94	43.89	50.94	50.81	63.74	64.77	65.64	65.39	64.54	69.38
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	5.7	4.37	5.17	5.6	7.02	6.03	4.24
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	4.17	3.75	3.52	3.42	4.12	3.57	2.77
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	2.77	2.68	2.8	2.98	3.53	2.86	2.26
Total Debt/Equity (%)	7.13	- -	- -	- -	19.39	17.82	54.43	38.6	32.27	12.7	27.19	40.44	40.45	32.49	22.91
Total Debt/Capital (%)	9.61	- -	- -	- -	16.35	15.34	34.07	26.4	23.6	10.9	18.5	24.7	23.72	19.25	14.98
Total Debt/Total Assets (%)	4.44	- -	- -	- -	10.1	9.59	22.68	18.27	15.69	7.79	14.7	21.53	20.34	15.38	12.22
CFO/Total Liabilities	10.61	33.84	23.17	43.05	11	20.6	2.58	4.39	29.42	37.26	17.19	4.63	14.24	8.71	18.48
CFO/CapEx	1.01	3.75	2.63	3.45	0.74	1.16	0.22	0.57	3.56	3.16	2.36	0.53	1.82	1.76	3.44
Altman's Z-Score	3.94	4.25	5.63	7.21	4.84	5.15	3.43	3.19	4.2	5.32	4.31	3.46	2.7	3.05	3.08

Working Capital (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Accounts Receivable Turnover	5.63	5.48	5.83	6.13	5.79	5.49	5.35	4.99	5.78	4.93	4.99	4.78	3.98	4.02	4.55
Days Sales Outstanding	64.88	66.62	62.65	59.51	63.01	66.48	68.25	73.13	63.14	74.06	73.2	76.36	91.71	90.75	80.24
Inventory Turnover	4.33	3.76	4.18	4.08	3.97	3.86	3.62	3.51	4.03	3.3	3.36	2.84	2.83	3.35	3.33
Days Inventory Outstanding	84.25	97.04	87.26	89.44	92	94.48	100.69	104.04	90.58	110.55	108.54	128.37	129.12	108.91	109.54
Accounts Payable Turnover	6.53	5.61	6.59	6.17	5.63	5.18	5.2	4.59	5.57	4.45	5.03	4.83	4.22	4.21	4.3
Accounts Payable Turnover Days	55.9	65.1	55.4	59.13	64.86	70.45	70.15	79.44	65.58	81.97	72.54	75.59	86.48	86.61	84.83
Cash Conversion Cycle	93.24	98.56	94.52	89.82	90.15	90.51	98.79	97.72	88.14	102.63	109.2	129.14	134.36	113.06	104.95
Inventory to Cash Days	-19.37	-30.42	-24.61	-29.93	-28.99	-28	-32.45	-30.9	-27.43	-36.49	-35.35	-52.01	-37.41	-18.16	-29.29
Inventories	91	84	96	97	122	130	163	144	145	120	134	140	88	79	78
Raw Materials	39	38	38	41	42	48	60	94	81	61	78	84	44	32	29
Work In Process	1	1	2	3	6	6	2	6	2	6	7	3	4	2	1
Finished Goods	54	47	59	56	78	80	105	50	63	53	49	54	41	45	48
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	11	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Market Capitalization	252	289	581	1,026	783	934	678	353	725	729	549	264	121	143	48
- Cash & Cash Equivalents	29	45	76	113	53	51	62	53	74	57	61	67	43	27	32
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	16	- -	- -	- -	50	50	138	102	89	40	75	109	72	50	33
Enterprise Value	239	245	505	914	780	933	754	401	740	711	563	306	150	166	49
Total Capital	171	171	194	226	306	326	405	385	375	365	406	439	305	258	224
Total Debt/Capital (%)	9.61	- -	- -	- -	16.35	15.34	34.07	26.4	23.6	10.9	18.5	24.7	23.72	19.25	14.98
Total Debt / EV	0.07	- -	- -	- -	0.06	0.05	0.18	0.25	0.12	0.06	0.13	0.35	0.48	0.3	0.69
EV/Sales	0.51	0.53	0.95	1.62	1.29	1.43	1.08	0.59	0.98	1.16	0.94	0.56	0.36	0.42	0.13
EV/EBITDA	5.43	5.59	10	15.35	13.84	16.41	15.66	12.55	15.65	10.62	11.26	7.94	- -	15.74	5.41
EV/EBIT	8.98	9.34	15.7	22.13	21.72	31.22	44.82	- -	48.29	19.09	24.21	21.04	- -	- -	- -
EV/Cash Flow to Firm	16.12	5.62	16.45	14.4	29.9	18.83	82.23	31.19	8.67	9.69	13.97	28.02	5.97	11.17	2.06
EV/Free Cash Flow to Firm	8.09	4.44	11.92	11.16	12.69	10.13	14.63	11.29	6.77	7.36	9.82	9.72	3.85	7.12	1.6
Diluted Market Cap	257	292	595	1,050	798	953	678	355	737	743	560	266	121	143	48
Diluted Enterprise Value	244	248	518	938	795	952	754	404	752	726	574	308	150	166	49
EV per Share	16	16.37	33.11	57.9	51.18	64.51	52.52	28.74	53.29	51.21	41.81	24.1	11.69	12.77	3.7
TTM Sales	469	463	529	562	603	651	696	680	753	615	602	543	420	395	368
TTM EBITDA	44	44	51	60	56	57	48	32	47	67	50	39	-9	11	9
TTM Operating Income	27	26	32	41	36	30	17	-2	15	37	23	15	-32	-8	-5
TTM Cash Flow to Firm	15	44	31	63	26	50	9	13	85	73	40	11	25	15	24
TTM Free Cash Flow to Firm	29	55	42	82	61	92	51	36	109	97	57	32	39	23	30

Multiples (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Price/Free Cash Flow	8.7	5.3	14.03	12.83	12.98	10.35	13.17	10.01	6.75	7.69	9.77	8.44	3.09	6.13	1.56
EV/EBIT	8.98	9.34	15.7	22.13	21.72	31.22	44.82	- -	48.29	19.09	24.21	21.04	- -	- -	- -
Enterprise Value	239	245	505	914	780	933	754	401	740	711	563	306	150	166	49
Low Price	14.01	11.4	18.09	32.86	40.28	45.2	46.05	23.29	23.57	29.5	35.23	16.56	7.02	7.53	2.69
EV/Sales	0.51	0.53	0.95	1.62	1.29	1.43	1.08	0.59	0.98	1.16	0.94	0.56	0.36	0.42	0.13
EV/EBITDA	5.43	5.59	10	15.35	13.84	16.41	15.66	12.55	15.65	10.62	11.26	7.94	- -	15.74	5.41
Price/Earnings	12.61	17.48	25.31	31.54	26.84	45.87	- -	29.57	199.81	18.9	103.51	649.51	- -	- -	- -
Price/Earnings Average	16.92	14.87	18.97	22.95	27.49	46.66	-86.93	46.01	161.81	15.93	126.48	833.23	-1.46	-5.43	-4.22
Price/Earnings High	22.43	18.89	26.94	31.71	34.89	57.15	-104.06	65.39	229.4	20.53	165.16	1,296.83	-3.39	-7.66	-7.98
Price/Earnings Low	10.47	10.3	12.01	15.94	21.05	32.12	-64.02	27.24	90.12	10.62	89.49	516.7	-0.92	-4.06	-1.91
Price/Book Value	1.63	1.69	3	4.53	3.06	3.39	2.54	1.25	2.53	2.24	1.66	0.8	0.52	0.68	0.25
Price/Book Value Average	2.19	1.44	2.25	3.3	3.14	3.44	3.36	1.94	2.05	1.89	2.03	1.02	0.62	0.63	0.41
Price/Book Value High	2.9	1.83	3.19	4.56	3.98	4.22	4.02	2.75	2.9	2.43	2.65	1.59	1.43	0.88	0.78
Price/Book Value Low	1.35	1	1.42	2.29	2.4	2.37	2.47	1.15	1.14	1.26	1.44	0.64	0.39	0.47	0.19
Price/Tangible Book Value	1.51	1.52	2.49	3.94	4.31	4.47	3.86	1.85	3.52	2.98	2.65	1.36	0.79	1.1	0.38
Price/Tangible Book Value Average	2.03	1.3	1.87	2.87	4.41	4.55	5.1	2.89	2.85	2.51	3.23	1.74	0.93	1.01	0.63
Price/Tangible Book Value High	2.69	1.65	2.65	3.96	5.6	5.57	6.11	4.1	4.04	3.23	4.22	2.71	2.17	1.43	1.2
Price/Tangible Book Value Low	1.26	0.9	1.18	1.99	3.38	3.13	3.76	1.71	1.59	1.67	2.29	1.08	0.59	0.76	0.29
Price/Sales	0.54	0.62	1.1	1.82	1.3	1.43	0.97	0.52	0.96	1.19	0.91	0.49	0.29	0.36	0.13
Price/Sales Average	0.72	0.53	0.82	1.33	1.33	1.46	1.29	0.81	0.78	1	1.11	0.62	0.34	0.33	0.21
Price/Sales High	0.95	0.68	1.17	1.83	1.69	1.79	1.54	1.15	1.11	1.29	1.46	0.97	0.79	0.47	0.4
Price/Sales Low	0.45	0.37	0.52	0.92	1.02	1	0.95	0.48	0.43	0.67	0.79	0.39	0.21	0.25	0.1
Price/Cash Flow	17	6.64	18.93	16.17	30.01	18.85	73.99	27.43	8.51	9.93	13.62	24.19	4.79	9.62	2.01
Price/Cash Flow Average	22.8	5.65	14.19	11.76	30.73	19.17	97.91	42.68	6.89	8.37	16.64	31.04	5.69	8.81	3.32
Price/Cash Flow High	30.23	7.18	20.16	16.26	39.01	23.48	117.2	60.65	9.77	10.79	21.73	48.31	13.22	12.42	6.28
Price/Cash Flow Low	14.12	3.91	8.99	8.17	23.54	13.2	72.11	25.27	3.84	5.58	11.78	19.25	3.58	6.58	1.5
Price/Free Cash Flow Average	11.67	4.51	10.52	9.33	13.3	10.52	17.43	15.57	5.47	6.48	11.94	10.83	3.67	5.62	2.57
Price/Free Cash Flow High	15.47	5.73	14.94	12.9	16.87	12.89	20.86	22.13	7.75	8.35	15.59	16.85	8.53	7.91	4.87
Price/Free Cash Flow Low	7.23	3.12	6.66	6.48	10.18	7.25	12.83	9.22	3.04	4.32	8.45	6.71	2.31	4.2	1.16
EV/Sales Average	0.69	0.44	0.68	1.13	1.33	1.46	1.4	0.88	0.8	0.97	1.14	0.7	0.41	0.39	0.22
EV/Sales High	0.93	0.58	1.02	1.63	1.68	1.78	1.65	1.22	1.12	1.26	1.48	1.05	0.86	0.52	0.41
EV/Sales Low	0.42	0.27	0.38	0.72	1.01	1	1.06	0.55	0.45	0.64	0.81	0.46	0.29	0.31	0.1
EV/EBITDA Average	7.39	4.6	7.12	10.65	14.18	16.69	20.22	18.69	12.74	8.91	13.69	9.87	-18.64	14.6	8.85
EV/EBITDA High	9.89	6.12	10.74	15.44	18.01	20.45	23.89	25.93	17.93	11.56	17.79	14.76	-39.07	19.68	16.62
EV/EBITDA Low	4.46	2.87	3.95	6.82	10.85	11.49	15.3	11.68	7.23	5.86	9.77	6.53	-12.91	11.46	4.07
EV/EBIT Average	12.21	7.69	11.18	15.36	22.25	31.75	57.86	-358.54	39.28	16.02	29.44	26.18	-5.37	-20.36	-15.38
EV/EBIT High	16.35	10.23	16.87	22.27	28.26	38.9	68.38	-497.29	55.3	20.78	38.26	39.15	-11.26	-27.45	-28.87
EV/EBIT Low	7.37	4.8	6.21	9.84	17.03	21.85	43.8	-224.11	22.29	10.53	21.01	17.33	-3.72	-15.99	-7.06
Last Price	16.87	19.35	38.11	65.03	51.35	64.55	47.25	25.28	52.26	52.46	40.75	20.81	9.39	11	3.61
High Price	30	20.91	40.57	65.38	66.75	80.42	74.85	55.9	60	56.98	65.02	41.55	25.91	14.2	11.27
Enterprise Value Average	324	202	360	634	799	949	973	597	602	597	685	381	173	154	80
Enterprise Value High	434	268	542	919	1,015	1,163	1,150	828	847	774	890	570	363	207	150
Enterprise Value Low	196	126	200	406	612	653	736	373	341	392	489	252	120	121	37

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Shares Outstanding	15	15	16	16	14	15	14	14	14	14	13	13	13	13	13
Diluted Weighted Avg Shares	15	15	16	16	16	15	14	14	14	14	14	13	13	13	13
Basic Weighted Avg Shares	15	15	15	16	15	14	14	14	14	14	13	13	13	13	13
Revenue per Share	31.43	30.97	34.72	35.63	39.54	45.03	48.48	48.77	54.29	44.24	44.68	42.73	32.71	30.47	27.96
EBITDA per Share	2.94	2.93	3.31	3.77	3.7	3.93	3.35	2.29	3.4	4.82	3.71	3.04	-0.72	0.81	0.68
Operating Income per Share	1.78	1.75	2.11	2.62	2.36	2.07	1.17	-0.12	1.1	2.68	1.73	1.15	-2.51	-0.58	-0.39
Basic EPS, GAAP	1.34	1.11	1.51	2.06	1.91	1.41	-0.72	0.85	0.26	2.78	0.39	0.03	-7.64	-1.85	-1.41
Basic EPS from Cont Ops	1.34	1.11	1.51	2.06	1.91	1.41	-0.72	0.85	0.26	2.78	0.39	0.03	-7.64	-1.85	-1.41
Diluted EPS, GAAP	1.31	1.1	1.47	2.01	1.88	1.38	-0.72	0.85	0.26	2.72	0.39	0.03	-7.64	-1.85	-1.41
Diluted EPS from Cont Ops	1.31	1.1	1.47	2.01	1.88	1.38	-0.72	0.85	0.26	2.72	0.39	0.03	-7.64	-1.85	-1.41
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	0.99	2.91	2.01	4.02	1.71	3.43	0.64	0.92	6.14	5.28	2.99	0.86	1.96	1.14	1.79
Free Cash Flow per Basic Share	0.01	2.14	1.25	2.85	-0.61	0.48	-2.31	-0.7	4.42	3.61	1.73	-0.76	0.88	0.49	1.27
Cash & Equivalents per Share	1.97	2.98	5	7.13	3.47	3.5	4.35	3.81	5.35	4.11	4.52	5.25	3.33	2.07	2.45
Book Value per Share	10.34	11.42	12.71	14.34	16.75	19.07	18.61	20.29	20.65	23.41	24.55	26.05	18.1	16.1	14.43
Tangible Book Value per Share	11.16	12.7	15.3	16.49	11.93	14.44	12.25	13.63	14.85	17.63	15.4	15.34	11.95	9.96	9.43

Universal Electronics Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)