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19.42 (1y: -1%)
Market Cap 1.66 B P/E(ttm) 22.00
Enterprise Value 1.58 B P/B 12.80
UBNT- NAS (USA)
Ubiquiti Networks Inc
Not Rated
Top Ranked Predictable Companies
$19.42
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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength

vs
industry		 vs
history
Cash to Debt 4.125
UBNT's Cash to Debt is ranked lower than
57% of the 432 Companies
in the Global Communication Equipment industry.

( Industry Median: 9.99 vs. UBNT: 4.125 )
UBNT' s 10-Year Cash to Debt Range
Min: 4.13   Max: No Debt
Current: 4.13
Equity to Asset 0.609
UBNT's Equity to Asset is ranked higher than
61% of the 432 Companies
in the Global Communication Equipment industry.

( Industry Median: 0.55 vs. UBNT: 0.609 )
UBNT' s 10-Year Equity to Asset Range
Min: -0.64   Max: 0.7
Current: 0.61
-0.64
0.7
Z-Score: 11.53
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth

vs
industry		 vs
history
Operating margin (%) 35.40
UBNT's Operating margin (%) is ranked higher than
97% of the 432 Companies
in the Global Communication Equipment industry.

( Industry Median: 3.30 vs. UBNT: 35.40 )
UBNT' s 10-Year Operating margin (%) Range
Min: 3.4   Max: 35.4
Current: 35.4
3.4
35.4
Net-margin (%) 29
UBNT's Net-margin (%) is ranked higher than
96% of the 432 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.90 vs. UBNT: 29 )
UBNT' s 10-Year Net-margin (%) Range
Min: -4   Max: 29
Current: 29
-4
29
ROE (%) 78.3
UBNT's ROE (%) is ranked higher than
99% of the 432 Companies
in the Global Communication Equipment industry.

( Industry Median: 4.60 vs. UBNT: 78.3 )
UBNT' s 10-Year ROE (%) Range
Min: 54.1   Max: 78.3
Current: 78.3
54.1
78.3
ROA (%) 48
UBNT's ROA (%) is ranked higher than
99% of the 432 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.70 vs. UBNT: 48 )
UBNT' s 10-Year ROA (%) Range
Min: -6.6   Max: 48
Current: 48
-6.6
48
ROC (Joel Greenblatt) (%) 279.40
UBNT's ROC (Joel Greenblatt) (%) is ranked higher than
98% of the 432 Companies
in the Global Communication Equipment industry.

( Industry Median: 8.10 vs. UBNT: 279.40 )
UBNT' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 17.1   Max: 414.9
Current: 279.4
17.1
414.9
» UBNT's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades
Q2 2012

UBNT Guru Trades in Q2 2012

Wilbur Ross 7,413 sh (New)
Michael Price 7,235 sh (New)
Ron Baron 279,121 sh (+48.44%)
RS Investment Management Sold Out
Pioneer Investments Sold Out
Chase Coleman 730,000 sh (-33.64%)
» More
Q3 2012

UBNT Guru Trades in Q3 2012

Jeremy Grantham 20,500 sh (New)
Paul Tudor Jones 11,500 sh (New)
Joel Greenblatt 89,454 sh (New)
Michael Price 7,235 sh (unchged)
Chase Coleman Sold Out
Ron Baron Sold Out
Wilbur Ross Sold Out
» More
Q4 2012

UBNT Guru Trades in Q4 2012

Joel Greenblatt 137,348 sh (+53.54%)
Michael Price 7,235 sh (unchged)
Paul Tudor Jones Sold Out
» More
Q1 2013

UBNT Guru Trades in Q1 2013

Jim Simons 61,600 sh (New)
Michael Price 7,235 sh (unchged)
Joel Greenblatt 126,202 sh (-8.12%)
» More
» Details

Insider Trades

Latest Guru Trades with UBNT

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Joel Greenblatt 2012-12-31 Add 53.54%0.03%$10.15 - $13.09 $ 19.4262%137348
Joel Greenblatt 2012-12-31 Add 53.54%0.03%$10.15 - $13.09 $ 19.4262%137348
Joel Greenblatt 2012-09-30 New Buy0.07%$7.86 - $15.01 $ 19.4257%89454
Ron Baron 2012-09-30 Sold Out 0.03%$7.86 - $15.01 $ 19.4257%0
Wilbur Ross 2012-09-30 Sold Out 0.01%$7.86 - $15.01 $ 19.4257%0
Michael Price 2012-06-30 New Buy0.02%$11.83 - $35 $ 19.42-16%7235
Ron Baron 2012-06-30 Add 48.44%0.01%$11.83 - $35 $ 19.42-16%279121
Wilbur Ross 2012-06-30 New Buy0.01%$11.83 - $35 $ 19.42-16%7413
Ron Baron 2012-03-31 Add 36.65%0.01%$17.44 - $32.75 $ 19.42-16%188035
Ron Baron 2011-12-31 New Buy0.02%$17.5 - $22.36 $ 19.42-1%137600
Premium More recent guru trades are included for Premium Members only!!

Guru Investment Theses on Ubiquiti Networks Inc

Baron Funds Comments on Ubiquiti Networks - Aug 30, 2012

From Baron Funds' second quarter commentary:

Ubiquiti Networks, Inc. (UBNT) designs, manufactures and sells innovative broadband wireless products at a fraction of the price of its competitors with a lean business model that yields high profitability. Recent concerns about the exposure to Asian counterfeiters and whether the company's intellectual property can be enforced has put some pressure on the stock. In addition, some investors have questioned the CEO's focus after attempting to buy an NBA team. Ubiquiti has three new products (AirVision, Unifi, AirFiber) and three more to launch during the next 12 months.We believe that, with this open ended growth opportunity, Ubiquiti can emerge as a significant networking player in new and emerging markets. (Gilad Shany)
Check out Ron Baron latest stock trades

Baron Funds Comments on Ubiquiti Networks - Aug 23, 2012

From Baron Funds' second quarter commentary:

Ubiquiti Networks, Inc. (UBNT) designs, manufactures, and sells innovative broadband wireless products at prices far below its competitors. Its unique, lean business model also yields high profitability. Recent concerns about exposure to Asian counterfeiters and whether the company's IP can be protected have pressured the stock. The company has continued to generate impressive growth, with first quarter revenues increasing 79% year over year. (Gilad Shany)
Check out Ron Baron latest stock trades

Top Ranked Articles about Ubiquiti Networks Inc

Baron Funds Comments on Ubiquiti Networks
August 30, 2012
From Baron Funds' second quarter commentary: Read more...
Baron Funds Comments on Ubiquiti Networks
August 23, 2012
From Baron Funds' second quarter commentary: Read more...

Ratios

vs
industry		 vs
history
P/E(ttm) 22.00
UBNT's P/E(ttm) is ranked lower than
54% of the 296 Companies
in the Global Communication Equipment industry.

( Industry Median: 19.90 vs. UBNT: 22.00 )
UBNT' s 10-Year P/E(ttm) Range
Min: 12.32   Max: 23.18
Current: 22
12.32
23.18
P/B 12.80
UBNT's P/B is ranked lower than
98% of the 413 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.50 vs. UBNT: 12.80 )
UBNT' s 10-Year P/B Range
Min: 6.09   Max: 32.94
Current: 12.8
6.09
32.94
P/S 5.62
UBNT's P/S is ranked lower than
91% of the 431 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.00 vs. UBNT: 5.62 )
UBNT' s 10-Year P/S Range
Min: 2.04   Max: 12.21
Current: 5.62
2.04
12.21
PFCF 16.20
UBNT's PFCF is ranked lower than
55% of the 244 Companies
in the Global Communication Equipment industry.

( Industry Median: 14.76 vs. UBNT: 16.20 )
UBNT' s 10-Year PFCF Range
Min: 9.3   Max: 94.28
Current: 16.2
9.3
94.28
EV-to-EBIT 17.2
UBNT's EV-to-EBIT is ranked lower than
52% of the 321 Companies
in the Global Communication Equipment industry.

( Industry Median: 16.40 vs. UBNT: 17.2 )
UBNT' s 10-Year EV-to-EBIT Range
Min: 5.6   Max: 27.9
Current: 17.2
5.6
27.9

Valuation & Return

vs
industry		 vs
history
Price/Net Cash 43.2
UBNT's Price/Net Cash is ranked lower than
90% of the 123 Companies
in the Global Communication Equipment industry.

( Industry Median: 8.90 vs. UBNT: 43.2 )
UBNT' s 10-Year Price/Net Cash Range
Min: 30.3   Max: 30.3
Current: 43.2
Price/Net Current Asset Value 27.7
UBNT's Price/Net Current Asset Value is ranked lower than
85% of the 371 Companies
in the Global Communication Equipment industry.

( Industry Median: 8.00 vs. UBNT: 27.7 )
UBNT' s 10-Year Price/Net Current Asset Value Range
Min: 19.5   Max: 19.5
Current: 27.7
Price/Tangible Book 12.9
UBNT's Price/Tangible Book is ranked lower than
95% of the 398 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.80 vs. UBNT: 12.9 )
UBNT' s 10-Year Price/Tangible Book Range
Min: 9.1   Max: 9.1
Current: 12.9
Price/Median PS Value 1.4
UBNT's Price/Median PS Value is ranked lower than
77% of the 414 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.10 vs. UBNT: 1.4 )
UBNT' s 10-Year Price/Median PS Value Range
Min: 0.9   Max: 0.9
Current: 1.4
Price/Graham Number 3
UBNT's Price/Graham Number is ranked lower than
83% of the 278 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.40 vs. UBNT: 3 )
UBNT' s 10-Year Price/Graham Number Range
Min: 2.2   Max: 2.2
Current: 3
Earnings Yield (Greenblatt) 5.80
UBNT's Earnings Yield (Greenblatt) is ranked higher than
61% of the 432 Companies
in the Global Communication Equipment industry.

( Industry Median: 3.70 vs. UBNT: 5.80 )
UBNT' s 10-Year Earnings Yield (Greenblatt) Range
Min: 3.6   Max: 17.8
Current: 5.8
3.6
17.8

Business Description

Ubiquiti Networks Inc was incorporated in the State of California in 2003 as Pera Networks, Inc. and commenced its current operations in 2005 and changed its name to Ubiquiti Networks, Inc. at that time. In June 2010, the Company changed its state of organization to Delaware by merging with and into Ubiquiti Networks, Inc., a Delaware corporation. The company along with its subsidiaries is a product driven company that leverages innovative proprietary technologies to deliver wireless networking solutions with compelling price-performance characteristics to both start-up and established network operators and service providers. Its products bridge the digital divide by fundamentally changing the economics of deploying high performance wireless networking solutions in underserved and underpenetrated wireless broadband access markets globally. These markets include emerging markets and other areas where individual users and small and medium sized enterprises do not have access to the benefits of carrier class wireless broadband networking. The company's business model has enabled to break down traditional barriers, such as high product and network deployment costs that are driven by business model inefficiencies and achieve rapid market adoption of products and solutions in previously underserved and underpenetrated markets. It offers a broad and expanding portfolio of wireless networking products and solutions and its solutions include systems, high performance radios, antennas and management tools that have been designed to deliver carrier class performance for wireless networking and other applications in the unlicensed RF spectrum. The company's revenues are derived principally from the sale of wireless networking hardware and management tools. In addition it does not sell maintenance and support separately, because it has historically included it free of charge in many of arrangements, it attributes a portion of its systems revenues to this implied post-contract customer support, or PCS. The Ubiquiti Community is a critical element of business strategy as it has enabled to redefine the traditional models for product development, sales and marketing and product support in the following key ways: Product development: It allows the Ubiquiti Community to identify actual solution requirements and provide immediate feedback to enable the rapid introduction of optimally designed products with compelling price-performance characteristics. It leverage the Ubiquiti Community to eliminate long and expensive multi-step internal processes for gathering product requirements, finalizing design, incorporating features and functionalities and integrating customer feedback prior to final product release; Sales and marketing: It does not currently have a direct sales force, but instead rely on the Ubiquiti Community to drive market awareness and demand for products and solutions; Product support: The engaged members of the Ubiquiti Community, who
Company Website
SEC Reports
Industry: Communication Equipment
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Traded in other countries:3UB.Germany
» More Articles for UBNT

Headlines

Articles On GuruFocus.com
Wilbur Ross Buys E2open and Adds to Zynga Holding Nov 14 2012 
Baron Funds Comments on Ubiquiti Networks Aug 30 2012 
Baron Funds Comments on Ubiquiti Networks Aug 23 2012 

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