UNIVERSAL DISPLAY CORP (OLED) Fundamental Analysis & Valuation

NASDAQ:OLED • US91347P1057

Current stock price

94.07 USD
-0.64 (-0.68%)
At close:
94.07 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.
  • In the past 5 years OLED always reported a positive cash flow from operatings.
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

  • The Return On Assets of OLED (12.32%) is better than 84.35% of its industry peers.
  • OLED has a Return On Equity of 13.74%. This is in the better half of the industry: OLED outperforms 78.26% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 10.97%, OLED belongs to the top of the industry, outperforming 83.48% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for OLED is in line with the industry average of 10.52%.
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

  • With an excellent Profit Margin value of 37.18%, OLED belongs to the best of the industry, outperforming 96.52% of the companies in the same industry.
  • In the last couple of years the Profit Margin of OLED has grown nicely.
  • OLED has a better Operating Margin (38.21%) than 95.65% of its industry peers.
  • In the last couple of years the Operating Margin of OLED has remained more or less at the same level.
  • The Gross Margin of OLED (76.23%) is better than 95.65% 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

  • OLED has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • Compared to 1 year ago, OLED has less shares outstanding
  • The number of shares outstanding for OLED has been reduced compared to 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

  • An Altman-Z score of 15.24 indicates that OLED is not in any danger for bankruptcy at the moment.
  • The Altman-Z score of OLED (15.24) is better than 80.87% of its industry peers.
  • 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.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Altman-Z 15.24
ROIC/WACC0.96
WACC11.48%
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 has a better Current ratio (10.06) than 90.43% of its industry peers.
  • A Quick Ratio of 7.83 indicates that OLED has no problem at all paying its short term obligations.
  • OLED has a better Quick ratio (7.83) than 88.70% of its industry peers.
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.
  • OLED shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 12.61% yearly.
  • OLED shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -19.97%.
  • 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

  • Based on estimates for the next years, OLED will show a quite strong growth in Earnings Per Share. The EPS will grow by 19.55% on average per year.
  • 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 Year5.19%
Revenue Next 2Y7.98%
Revenue Next 3Y7.57%
Revenue Next 5Y17.69%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
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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6

4. OLED Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 18.55 indicates a rather expensive valuation of OLED.
  • Compared to the rest of the industry, the Price/Earnings ratio of OLED indicates a rather cheap valuation: OLED is cheaper than 89.57% of the companies listed in the same industry.
  • OLED's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 25.70.
  • With a Price/Forward Earnings ratio of 19.15, OLED is valued on the expensive side.
  • Based on the Price/Forward Earnings ratio, OLED is valued cheaper than 86.96% of the companies in the same industry.
  • OLED's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 23.84.
Industry RankSector Rank
PE 18.55
Fwd PE 19.15
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 91.30% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, OLED is valued cheaper than 84.35% of the companies in the same industry.
Industry RankSector Rank
P/FCF 30.69
EV/EBITDA 11.4
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)1.47
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 2.11%. Purely for dividend investing, there may be better candidates out there.
  • The stock price of OLED dropped by -20.40% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
  • OLED's Dividend Yield is rather good when compared to the industry average which is at 0.49. OLED pays more dividend than 91.30% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.89, OLED has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 2.11%

5.2 History

  • The dividend of OLED is nicely growing with an annual growth rate of 24.77%!
  • OLED has paid a dividend for at least 10 years, which is a reliable track record.
  • OLED has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)24.77%
Div Incr Years7
Div Non Decr Years7
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

  • 35.36% of the earnings are spent on dividend by OLED. This is a low number and 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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OLED Fundamentals: All Metrics, Ratios and Statistics

UNIVERSAL DISPLAY CORP

NASDAQ:OLED (3/13/2026, 8:00:02 PM)

After market: 94.07 0 (0%)

94.07

-0.64 (-0.68%)

Chartmill FA Rating
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)02-19
Earnings (Next)04-29
Inst Owners87.1%
Inst Owner Change1.27%
Ins Owners7.09%
Ins Owner Change1.58%
Market Cap4.43B
Revenue(TTM)650.61M
Net Income(TTM)241.92M
Analysts81.18
Price Target159.37 (69.42%)
Short Float %6.24%
Short Ratio3.67
Dividend
Industry RankSector Rank
Dividend Yield 2.11%
Yearly Dividend1.81
Dividend Growth(5Y)24.77%
DP35.36%
Div Incr Years7
Div Non Decr Years7
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)-5.04%
PT rev (3m)-7.63%
EPS NQ rev (1m)-9.45%
EPS NQ rev (3m)-9.35%
EPS NY rev (1m)-11.55%
EPS NY rev (3m)-12.22%
Revenue NQ rev (1m)-4.54%
Revenue NQ rev (3m)-4.54%
Revenue NY rev (1m)-4.58%
Revenue NY rev (3m)-5.07%
Valuation
Industry RankSector Rank
PE 18.55
Fwd PE 19.15
P/S 6.81
P/FCF 30.69
P/OCF 21.02
P/B 2.52
P/tB 2.63
EV/EBITDA 11.4
EPS(TTM)5.07
EY5.39%
EPS(NY)4.91
Fwd EY5.22%
FCF(TTM)3.06
FCFY3.26%
OCF(TTM)4.48
OCFY4.76%
SpS13.81
BVpS37.39
TBVpS35.77
PEG (NY)N/A
PEG (5Y)1.47
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 15.24
F-Score5
WACC11.48%
ROIC/WACC0.96
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 Year5.19%
Revenue Next 2Y7.98%
Revenue Next 3Y7.57%
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.


What is the profitability of OLED stock?

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


How financially healthy is UNIVERSAL DISPLAY CORP?

The financial health rating of UNIVERSAL DISPLAY CORP (OLED) is 9 / 10.


Can you provide the expected EPS growth for OLED stock?

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