Despite its growth, NASDAQ:OLED remains within the realm of affordability.

Our stock screening tool has pinpointed UNIVERSAL DISPLAY CORP (NASDAQ:OLED) as a growth stock that isn't overvalued. NASDAQ:OLED is excelling in various growth indicators while maintaining a solid financial footing. Furthermore, it remains attractively priced. Let's delve into the specifics below.

Assessing Growth Metrics for NASDAQ:OLED

ChartMill assigns a Growth Rating to every stock. This score ranges from 0 to 10 and evaluates the different growth aspects like EPS and Revenue, both in the past as in the future. NASDAQ:OLED scores a 8 out of 10:

• The Earnings Per Share has grown by an nice 15.55% over the past year.
• The Earnings Per Share has been growing by 27.88% on average over the past years. This is a very strong growth
• Looking at the last year, OLED shows a very strong growth in Revenue. The Revenue has grown by 37.77%.
• OLED shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 18.43% yearly.
• The Earnings Per Share is expected to grow by 20.82% on average over the next years. This is a very strong growth
• Based on estimates for the next years, OLED will show a quite strong growth in Revenue. The Revenue will grow by 17.44% on average per year.

How We Gauge Valuation for NASDAQ:OLED

An integral part of ChartMill's stock analysis is the Valuation Rating, which spans from 0 to 10. This rating evaluates diverse valuation factors, including price to earnings and cash flows, while considering the stock's profitability and growth. NASDAQ:OLED has received a 5 out of 10:

• OLED's Price/Earnings ratio is a bit cheaper when compared to the industry. OLED is cheaper than 71.30% of the companies in the same industry.
• Compared to the rest of the industry, the Price/Forward Earnings ratio of OLED indicates a somewhat cheap valuation: OLED is cheaper than 62.04% of the companies listed in the same industry.
• OLED is valuated cheaply when we compare the Price/Forward Earnings ratio to 94.38, which is the current average of the S&P500 Index.
• Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of OLED indicates a somewhat cheap valuation: OLED is cheaper than 75.00% of the companies listed in the same industry.
• Based on the Price/Free Cash Flow ratio, OLED is valued a bit cheaper than 77.78% of the companies in the same industry.
• The excellent profitability rating of OLED may justify a higher PE ratio.
• A more expensive valuation may be justified as OLED's earnings are expected to grow with 17.13% in the coming years.

How We Gauge Health for NASDAQ:OLED

Every stock is evaluated by ChartMill, receiving a Health Rating on a scale of 0 to 10. This assessment considers different health aspects, including liquidity and solvency, both in absolute terms and relative to industry peers. NASDAQ:OLED has achieved a 9 out of 10:

• OLED has an Altman-Z score of 20.30. This indicates that OLED is financially healthy and has little risk of bankruptcy at the moment.
• Looking at the Altman-Z score, with a value of 20.30, OLED belongs to the top of the industry, outperforming 87.96% of the companies in the same industry.
• There is no outstanding debt for OLED. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
• A Current Ratio of 7.18 indicates that OLED has no problem at all paying its short term obligations.
• OLED has a better Current ratio (7.18) than 90.74% of its industry peers.
• A Quick Ratio of 5.84 indicates that OLED has no problem at all paying its short term obligations.
• Looking at the Quick ratio, with a value of 5.84, OLED belongs to the top of the industry, outperforming 90.74% of the companies in the same industry.

Profitability Analysis for NASDAQ:OLED

ChartMill assigns a Profitability Rating to every stock. This score ranges from 0 to 10 and evaluates the different profitability ratios and margins, both absolutely, but also relative to the industry peers. NASDAQ:OLED scores a 9 out of 10:

• The Return On Assets of OLED (16.23%) is better than 87.04% of its industry peers.
• OLED has a better Return On Equity (18.53%) than 82.41% of its industry peers.
• Looking at the Return On Invested Capital, with a value of 15.05%, OLED belongs to the top of the industry, outperforming 87.04% of the companies in the same industry.
• The 3 year average ROIC (13.67%) for OLED is below the current ROIC(15.05%), indicating increased profibility in the last year.
• The Profit Margin of OLED (36.34%) is better than 95.37% of its industry peers.
• OLED's Profit Margin has improved in the last couple of years.
• OLED has a Operating Margin of 38.81%. This is amongst the best in the industry. OLED outperforms 96.30% of its industry peers.
• In the last couple of years the Operating Margin of OLED has grown nicely.
• OLED has a Gross Margin of 76.77%. This is amongst the best in the industry. OLED outperforms 95.37% of its industry peers.

Our Affordable Growth screener lists more Affordable Growth stocks and is updated daily.

Our latest full fundamental report of OLED contains the most current fundamental analsysis.

Keep in mind

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.