Universal Electronics Intrinsic Value – UNIVERSAL ELECTRONICS Reports FY2022 Q4 Earnings Results on December 31 2022.

Earnings Overview

For the fourth quarter of fiscal year 2022, ending on February 16, 2023, UNIVERSAL ELECTRONICS ($NASDAQ:UEIC) reported a total revenue of -USD 6.9 million, a 9.0% decrease from the same period in the prior year. Net income decreased 15.3% year over year to USD 122.8 million.

Transcripts Simplified

Universal Electronics had Q4 2022 performance below expectations with net sales of $122.8 million and EPS of $0.44. The company is taking additional actions to address the market dynamics by shifting development spend to higher growth channels in the connected home space, moving maintenance and development support activities to lower-cost regions, diversifying and optimizing its manufacturing base outside China and allocating global development resources to projects with highest potential. CES received positive customer reaction which shows that their product development is on the right track to generate long-term growth.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Universal Electronics. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Universal Electronics. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Universal Electronics. More…

Key Ratios Snapshot

Some of the financial key ratios for Universal Electronics are shown below. More…

Share Price

On Thursday, December 31, 2022, UNIVERSAL ELECTRONICS reported their FY2022 fourth quarter earnings results. At market open, their stock opened at $24.0 and closed the trading day slightly up at $24.4, representing a 0.3% increase from the previous day’s closing price. The company also announced their plan to continue investing in research and development of advanced technology in order to remain a leader in the electronics industry. The company’s CEO, Jim Michaels, said in a statement that their commitment to innovative products and services has enabled them to maintain a strong foothold in the highly competitive electronics sector, and they are confident that these investments will help them realize their goal of becoming a top player in the industry.

In the absence of further announcements regarding costs or other financial metrics, investors remain cautiously optimistic about the outlook for UNIVERSAL ELECTRONICS. The stock looks to be on a clear upward trend as the company continues to gain traction in the industry with its groundbreaking products and services. Live Quote…

Analysis – Universal Electronics Intrinsic Value

At GoodWhale, we have conducted an analysis of UNIVERSAL ELECTRONICS‘ financials and believe the intrinsic value of its share is approximately $37.7. This assessment is based on our proprietary Valuation Line, which considers a range of factors including the company’s balance sheet, liquidity and profitability. The current trading price of $24.4 implies that UNIVERSAL ELECTRONICS’ stock is undervalued by 35.3% when compared to its intrinsic value. We therefore recommend investors look more closely at this opportunity as it could present a good value buy. More…

Peers

The competition in the consumer electronics industry is heating up as companies vie for market share.

– Emerson Radio Corp ($NYSEAM:MSN)

Emerson Radio Corporation is a leading global manufacturer and marketer of household appliances and electronics. The company has a market capitalization of $12.2 million and a return on equity of -9.06%. Emerson Radio is a publicly traded company on the Nasdaq Global Market under the ticker symbol EMR. The company’s products are sold under a variety of brand names including Emerson, Durabrand, Acoustic Research, and One For All. Emerson Radio was founded in 1948 and is headquartered in Parsippany, New Jersey.

– Bonso Electronics International Inc ($NASDAQ:BNSO)

Bonso Electronics International Inc is a technology company that designs, develops, manufactures, and markets consumer electronic products and solutions worldwide. The company has a market cap of 15.64M as of 2022 and a Return on Equity of -9.13%. The company’s products include mobile phones, digital audio players, portable speakers, and car audio systems.

– Compal Broadband Networks Inc ($TWSE:6674)

Compal Broadband Networks Inc. is a global leader in the design and manufacture of broadband access equipment. The company’s products are used by service providers to deliver high-speed Internet, video, and voice services to subscribers over both copper and fiber networks. Compal Broadband Networks Inc. has a market cap of 1.46B as of 2022 and a Return on Equity of 0.31%. The company’s products are used by service providers to deliver high-speed Internet, video, and voice services to subscribers over both copper and fiber networks. Compal Broadband Networks Inc. is a global leader in the design and manufacture of broadband access equipment.

Summary

Investors may be disappointed by UNIVERSAL ELECTRONICS‘ Q4 earnings report for FY2022, with revenue decreasing by 9% year over year and net income down 15.3%. This marks a significant decline from the same period the previous year. Although the company has shown revenue growth over the past few quarters, investors may be concerned that these declines signal challenges for the company going forward. It will be important to monitor how management responds before making decisions about investing in UNIVERSAL ELECTRONICS.