UNIVERSAL DISPLAY CORP (OLED) Fundamental Analysis & Valuation

NASDAQ:OLED • US91347P1057

Current stock price

89.72 USD
+0.11 (+0.12%)
At close:
89.72 USD
0 (0%)
After Hours:

This OLED fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

8

1. OLED Profitability Analysis

1.1 Basic Checks

  • OLED had positive earnings in the past year.
  • In the past year OLED had a positive cash flow from operations.
  • Each year in the past 5 years OLED has been profitable.
  • OLED had a positive operating cash flow in each of the past 5 years.
OLED Yearly Net Income VS EBIT VS OCF VS FCFOLED Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50M 100M 150M 200M 250M

1.2 Ratios

  • OLED has a better Return On Assets (12.32%) than 84.35% of its industry peers.
  • OLED's Return On Equity of 13.74% is fine compared to the rest of the industry. OLED outperforms 78.26% of its industry peers.
  • OLED has a better Return On Invested Capital (10.97%) than 83.48% of its industry peers.
  • OLED had an Average Return On Invested Capital over the past 3 years of 11.30%. This is in line with the industry average of 10.70%.
Industry RankSector Rank
ROA 12.32%
ROE 13.74%
ROIC 10.97%
ROA(3y)12.17%
ROA(5y)12.52%
ROE(3y)13.8%
ROE(5y)14.88%
ROIC(3y)11.3%
ROIC(5y)12.82%
OLED Yearly ROA, ROE, ROICOLED Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15

1.3 Margins

  • OLED has a better Profit Margin (37.18%) than 96.52% of its industry peers.
  • In the last couple of years the Profit Margin of OLED has grown nicely.
  • OLED has a better Operating Margin (38.21%) than 94.78% of its industry peers.
  • OLED's Operating Margin has been stable in the last couple of years.
  • The Gross Margin of OLED (76.23%) is better than 94.78% of its industry peers.
  • OLED's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 38.21%
PM (TTM) 37.18%
GM 76.23%
OM growth 3Y-4.1%
OM growth 5Y0.8%
PM growth 3Y3.17%
PM growth 5Y3.79%
GM growth 3Y-1.23%
GM growth 5Y-0.32%
OLED Yearly Profit, Operating, Gross MarginsOLED Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60 80

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ROAROEROICOperating and Profit MarginShow most profitable peers

9

2. OLED Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), OLED is destroying value.
  • Compared to 1 year ago, OLED has less shares outstanding
  • OLED has less shares outstanding than it did 5 years ago.
  • 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.
OLED Yearly Shares OutstandingOLED Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10M 20M 30M 40M
OLED Yearly Total Debt VS Total AssetsOLED Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B

2.2 Solvency

  • OLED has an Altman-Z score of 14.63. This indicates that OLED is financially healthy and has little risk of bankruptcy at the moment.
  • OLED's Altman-Z score of 14.63 is fine compared to the rest of the industry. OLED outperforms 80.00% of its industry peers.
  • OLED has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Altman-Z 14.63
ROIC/WACC0.95
WACC11.6%
OLED Yearly LT Debt VS Equity VS FCFOLED Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M 1B 1.5B

2.3 Liquidity

  • A Current Ratio of 10.06 indicates that OLED has no problem at all paying its short term obligations.
  • OLED's Current ratio of 10.06 is amongst the best of the industry. OLED outperforms 91.30% of its industry peers.
  • A Quick Ratio of 7.83 indicates that OLED has no problem at all paying its short term obligations.
  • With an excellent Quick ratio value of 7.83, OLED belongs to the best of the industry, outperforming 88.70% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 10.06
Quick Ratio 7.83
OLED Yearly Current Assets VS Current LiabilitesOLED Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. OLED Growth Analysis

3.1 Past

  • OLED shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 9.03%, which is quite good.
  • The Earnings Per Share has been growing by 12.61% on average over the past years. This is quite good.
  • The Revenue for OLED has decreased by -19.97% in the past year. This is quite bad
  • The Revenue has been growing by 8.69% on average over the past years. This is quite good.
EPS 1Y (TTM)9.03%
EPS 3Y4.84%
EPS 5Y12.61%
EPS Q2Q%44.79%
Revenue 1Y (TTM)-19.97%
Revenue growth 3Y1.81%
Revenue growth 5Y8.69%
Sales Q2Q%6.55%

3.2 Future

  • OLED is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 19.55% yearly.
  • The Revenue is expected to grow by 17.69% on average over the next years. This is quite good.
EPS Next Y-3.11%
EPS Next 2Y4.96%
EPS Next 3Y8.39%
EPS Next 5Y19.55%
Revenue Next Year4%
Revenue Next 2Y7.08%
Revenue Next 3Y7.46%
Revenue Next 5Y17.69%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
OLED Yearly Revenue VS EstimatesOLED Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 500M 1B
OLED Yearly EPS VS EstimatesOLED Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2 4 6 8 10

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Find the best growth stocksShow best growing peers

6

4. OLED Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 17.70, the valuation of OLED can be described as rather expensive.
  • Based on the Price/Earnings ratio, OLED is valued cheaply inside the industry as 90.43% of the companies are valued more expensively.
  • The average S&P500 Price/Earnings ratio is at 26.17. OLED is valued slightly cheaper when compared to this.
  • With a Price/Forward Earnings ratio of 18.26, OLED is valued on the expensive side.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of OLED indicates a rather cheap valuation: OLED is cheaper than 86.09% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 23.05, OLED is valued a bit cheaper.
Industry RankSector Rank
PE 17.7
Fwd PE 18.26
OLED Price Earnings VS Forward Price EarningsOLED Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, OLED is valued cheaper than 90.43% of the companies in the same industry.
  • 86.09% of the companies in the same industry are more expensive than OLED, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 29.27
EV/EBITDA 10.7
OLED Per share dataOLED EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

  • OLED has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.4
EPS Next 2Y4.96%
EPS Next 3Y8.39%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. OLED Dividend Analysis

5.1 Amount

  • OLED has a Yearly Dividend Yield of 2.18%.
  • In the last 3 months the price of OLED has falen by -26.37%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
  • Compared to an average industry Dividend Yield of 0.52, OLED pays a better dividend. On top of this OLED pays more dividend than 92.17% of the companies listed in the same industry.
  • OLED's Dividend Yield is comparable with the S&P500 average which is at 1.89.
Industry RankSector Rank
Dividend Yield 2.18%

5.2 History

  • On average, the dividend of OLED grows each year by 24.77%, which is quite nice.
  • OLED has paid a dividend for at least 10 years, which is a reliable track record.
  • As OLED did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)24.77%
Div Incr Years8
Div Non Decr Years8
OLED Yearly Dividends per shareOLED Yearly Dividends per shareYearly Dividends per share 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5

5.3 Sustainability

  • OLED pays out 35.36% of its income as dividend. This is a sustainable payout ratio.
  • OLED's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP35.36%
EPS Next 2Y4.96%
EPS Next 3Y8.39%
OLED Yearly Income VS Free CF VS DividendOLED Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50M 100M 150M 200M
OLED Dividend Payout.OLED Dividend Payout, showing the Payout Ratio.OLED Dividend Payout.PayoutRetained Earnings

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Find the best dividend stocksShow peers with best dividend

OLED Fundamentals: All Metrics, Ratios and Statistics

UNIVERSAL DISPLAY CORP

NASDAQ:OLED (4/2/2026, 8:00:02 PM)

After market: 89.72 0 (0%)

89.72

+0.11 (+0.12%)

Chartmill FA Rating
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)02-19
Earnings (Next)04-30
Inst Owners87.1%
Inst Owner Change0%
Ins Owners7.09%
Ins Owner Change1.61%
Market Cap4.23B
Revenue(TTM)650.61M
Net Income(TTM)241.92M
Analysts81.18
Price Target159.37 (77.63%)
Short Float %5.83%
Short Ratio3.06
Dividend
Industry RankSector Rank
Dividend Yield 2.18%
Yearly Dividend1.81
Dividend Growth(5Y)24.77%
DP35.36%
Div Incr Years8
Div Non Decr Years8
Ex-Date03-17
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-9.41%
Min EPS beat(2)-25.53%
Max EPS beat(2)6.71%
EPS beat(4)3
Avg EPS beat(4)5.39%
Min EPS beat(4)-25.53%
Max EPS beat(4)21.2%
EPS beat(8)5
Avg EPS beat(8)3.49%
EPS beat(12)8
Avg EPS beat(12)6.55%
EPS beat(16)11
Avg EPS beat(16)7.48%
Revenue beat(2)0
Avg Revenue beat(2)-9.28%
Min Revenue beat(2)-16.62%
Max Revenue beat(2)-1.94%
Revenue beat(4)2
Avg Revenue beat(4)-2.34%
Min Revenue beat(4)-16.62%
Max Revenue beat(4)4.74%
Revenue beat(8)4
Avg Revenue beat(8)-0.3%
Revenue beat(12)5
Avg Revenue beat(12)-0.61%
Revenue beat(16)8
Avg Revenue beat(16)0.06%
PT rev (1m)0%
PT rev (3m)-7.63%
EPS NQ rev (1m)1.72%
EPS NQ rev (3m)-7.89%
EPS NY rev (1m)0%
EPS NY rev (3m)-12.22%
Revenue NQ rev (1m)-1.4%
Revenue NQ rev (3m)-5.87%
Revenue NY rev (1m)-1.14%
Revenue NY rev (3m)-6.15%
Valuation
Industry RankSector Rank
PE 17.7
Fwd PE 18.26
P/S 6.5
P/FCF 29.27
P/OCF 20.04
P/B 2.4
P/tB 2.51
EV/EBITDA 10.7
EPS(TTM)5.07
EY5.65%
EPS(NY)4.91
Fwd EY5.48%
FCF(TTM)3.06
FCFY3.42%
OCF(TTM)4.48
OCFY4.99%
SpS13.81
BVpS37.39
TBVpS35.77
PEG (NY)N/A
PEG (5Y)1.4
Graham Number65.31
Profitability
Industry RankSector Rank
ROA 12.32%
ROE 13.74%
ROCE 13.4%
ROIC 10.97%
ROICexc 16.24%
ROICexgc 17.29%
OM 38.21%
PM (TTM) 37.18%
GM 76.23%
FCFM 22.19%
ROA(3y)12.17%
ROA(5y)12.52%
ROE(3y)13.8%
ROE(5y)14.88%
ROIC(3y)11.3%
ROIC(5y)12.82%
ROICexc(3y)16.5%
ROICexc(5y)21.29%
ROICexgc(3y)18%
ROICexgc(5y)23.46%
ROCE(3y)13.8%
ROCE(5y)15.66%
ROICexgc growth 3Y-15.71%
ROICexgc growth 5Y-17.92%
ROICexc growth 3Y-15.26%
ROICexc growth 5Y-13.97%
OM growth 3Y-4.1%
OM growth 5Y0.8%
PM growth 3Y3.17%
PM growth 5Y3.79%
GM growth 3Y-1.23%
GM growth 5Y-0.32%
F-Score5
Asset Turnover0.33
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Debt/EBITDA 0
Cap/Depr 142.68%
Cap/Sales 10.22%
Interest Coverage 250
Cash Conversion 71.43%
Profit Quality 59.67%
Current Ratio 10.06
Quick Ratio 7.83
Altman-Z 14.63
F-Score5
WACC11.6%
ROIC/WACC0.95
Cap/Depr(3y)176.8%
Cap/Depr(5y)149.16%
Cap/Sales(3y)12.91%
Cap/Sales(5y)10.85%
Profit Quality(3y)56.34%
Profit Quality(5y)57.54%
High Growth Momentum
Growth
EPS 1Y (TTM)9.03%
EPS 3Y4.84%
EPS 5Y12.61%
EPS Q2Q%44.79%
EPS Next Y-3.11%
EPS Next 2Y4.96%
EPS Next 3Y8.39%
EPS Next 5Y19.55%
Revenue 1Y (TTM)-19.97%
Revenue growth 3Y1.81%
Revenue growth 5Y8.69%
Sales Q2Q%6.55%
Revenue Next Year4%
Revenue Next 2Y7.08%
Revenue Next 3Y7.46%
Revenue Next 5Y17.69%
EBIT growth 1Y-17.6%
EBIT growth 3Y-2.37%
EBIT growth 5Y9.56%
EBIT Next Year19.21%
EBIT Next 3Y15.08%
EBIT Next 5Y19.1%
FCF growth 1Y-31.62%
FCF growth 3Y21.95%
FCF growth 5Y3.64%
OCF growth 1Y-16.91%
OCF growth 3Y18.47%
OCF growth 5Y7.22%

UNIVERSAL DISPLAY CORP / OLED Fundamental Analysis FAQ

What is the fundamental rating for OLED stock?

ChartMill assigns a fundamental rating of 7 / 10 to OLED.


What is the valuation status for OLED stock?

ChartMill assigns a valuation rating of 6 / 10 to UNIVERSAL DISPLAY CORP (OLED). This can be considered as Fairly Valued.


How profitable is UNIVERSAL DISPLAY CORP (OLED) stock?

UNIVERSAL DISPLAY CORP (OLED) has a profitability rating of 8 / 10.


What are the PE and PB ratios of UNIVERSAL DISPLAY CORP (OLED) stock?

The Price/Earnings (PE) ratio for UNIVERSAL DISPLAY CORP (OLED) is 17.7 and the Price/Book (PB) ratio is 2.4.


What is the expected EPS growth for UNIVERSAL DISPLAY CORP (OLED) stock?

The Earnings per Share (EPS) of UNIVERSAL DISPLAY CORP (OLED) is expected to decline by -3.11% in the next year.