125.77 USD
+1.09 (+0.87%)
125.77 USD
0 (0%)
We assign a fundamental rating of 7 out of 10 to OLED. OLED was compared to 113 industry peers in the Semiconductors & Semiconductor Equipment industry. OLED gets an excellent profitability rating and is at the same time showing great financial health properties. OLED has a decent growth rate and is not valued too expensively. These ratings could make OLED a good candidate for quality investing.
1. Profitability
1.1 Basic Checks
OLED had positive earnings in the past year.
OLED had a positive operating cash flow in the past year.
In the past 5 years OLED has always been profitable.
Each year in the past 5 years OLED had a positive operating cash flow.
1.2 Ratios
OLED's Return On Assets of 11.38% is amongst the best of the industry. OLED outperforms 83.19% of its industry peers.
With a decent Return On Equity value of 12.70%, OLED is doing good in the industry, outperforming 76.99% of the companies in the same industry.
OLED's Return On Invested Capital of 10.45% is amongst the best of the industry. OLED outperforms 80.53% of its industry peers.
OLED had an Average Return On Invested Capital over the past 3 years of 12.91%. This is above the industry average of 10.75%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.38% | ||
| ROE | 12.7% | ||
| ROIC | 10.45% |
ROA(3y)12.61%
ROA(5y)12.15%
ROE(3y)14.68%
ROE(5y)15.04%
ROIC(3y)12.91%
ROIC(5y)13.02%
1.3 Margins
Looking at the Profit Margin, with a value of 34.62%, OLED belongs to the top of the industry, outperforming 93.81% of the companies in the same industry.
OLED's Profit Margin has been stable in the last couple of years.
OLED has a better Operating Margin (36.54%) than 93.81% of its industry peers.
OLED's Operating Margin has been stable in the last couple of years.
The Gross Margin of OLED (76.45%) is better than 95.58% of its industry peers.
OLED's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 36.54% | ||
| PM (TTM) | 34.62% | ||
| GM | 76.45% |
OM growth 3Y-3.57%
OM growth 5Y-1.15%
PM growth 3Y1.12%
PM growth 5Y0.2%
GM growth 3Y-0.99%
GM growth 5Y-0.44%
2. Health
2.1 Basic Checks
OLED has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
OLED has more shares outstanding than it did 1 year ago.
OLED has about the same amout of shares outstanding than it did 5 years ago.
OLED has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
An Altman-Z score of 19.60 indicates that OLED is not in any danger for bankruptcy at the moment.
OLED's Altman-Z score of 19.60 is amongst the best of the industry. OLED outperforms 89.38% 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 Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 19.6 |
ROIC/WACC0.96
WACC10.87%
2.3 Liquidity
OLED has a Current Ratio of 9.55. This indicates that OLED is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 9.55, OLED belongs to the top of the industry, outperforming 94.69% of the companies in the same industry.
A Quick Ratio of 7.59 indicates that OLED has no problem at all paying its short term obligations.
With an excellent Quick ratio value of 7.59, OLED belongs to the best of the industry, outperforming 90.27% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 9.55 | ||
| Quick Ratio | 7.59 |
3. Growth
3.1 Past
OLED shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -6.83%.
OLED shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 9.75% yearly.
OLED shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -20.89%.
The Revenue has been growing by 9.83% on average over the past years. This is quite good.
EPS 1Y (TTM)-6.83%
EPS 3Y6.4%
EPS 5Y9.75%
EPS Q2Q%-34.29%
Revenue 1Y (TTM)-20.89%
Revenue growth 3Y5.38%
Revenue growth 5Y9.83%
Sales Q2Q%-13.62%
3.2 Future
Based on estimates for the next years, OLED will show a very strong growth in Earnings Per Share. The EPS will grow by 20.56% on average per year.
Based on estimates for the next years, OLED will show a quite strong growth in Revenue. The Revenue will grow by 17.10% on average per year.
EPS Next Y8.77%
EPS Next 2Y9.71%
EPS Next 3Y12.42%
EPS Next 5Y20.56%
Revenue Next Year2.37%
Revenue Next 2Y6.55%
Revenue Next 3Y9.42%
Revenue Next 5Y17.1%
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.
4. Valuation
4.1 Price/Earnings Ratio
OLED is valuated quite expensively with a Price/Earnings ratio of 27.11.
OLED's Price/Earnings ratio is rather cheap when compared to the industry. OLED is cheaper than 82.30% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.19, OLED is valued at the same level.
With a Price/Forward Earnings ratio of 22.47, OLED is valued on the expensive side.
Based on the Price/Forward Earnings ratio, OLED is valued cheaply inside the industry as 81.42% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.88, OLED is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.11 | ||
| Fwd PE | 22.47 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, OLED is valued a bit cheaper than the industry average as 76.99% of the companies are valued more expensively.
77.88% of the companies in the same industry are more expensive than OLED, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 37.06 | ||
| EV/EBITDA | 17.33 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates OLED does not grow enough to justify the current Price/Earnings ratio.
The excellent profitability rating of OLED may justify a higher PE ratio.
OLED's earnings are expected to grow with 12.42% in the coming years. This may justify a more expensive valuation.
PEG (NY)3.09
PEG (5Y)2.78
EPS Next 2Y9.71%
EPS Next 3Y12.42%
5. Dividend
5.1 Amount
OLED has a Yearly Dividend Yield of 1.44%.
Compared to an average industry Dividend Yield of 0.57, OLED pays a better dividend. On top of this OLED pays more dividend than 85.84% of the companies listed in the same industry.
OLED's Dividend Yield is slightly below the S&P500 average, which is at 1.94.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.44% |
5.2 History
The dividend of OLED is nicely growing with an annual growth rate of 32.14%!
OLED has been paying a dividend for over 5 years, so it has already some track record.
As OLED did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)32.14%
Div Incr Years7
Div Non Decr Years7
5.3 Sustainability
37.26% 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.
DP37.26%
EPS Next 2Y9.71%
EPS Next 3Y12.42%
125.77
+1.09 (+0.87%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners84.9%
Inst Owner Change0%
Ins Owners6.94%
Ins Owner Change-0.16%
Market Cap5.98B
Revenue(TTM)639.98M
Net Income(TTM)221.55M
Analysts81.18
Price Target172.53 (37.18%)
Short Float %4.09%
Short Ratio3.15
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.44% |
Yearly Dividend1.61
Dividend Growth(5Y)32.14%
DP37.26%
Div Incr Years7
Div Non Decr Years7
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-3.18%
Min EPS beat(2)-25.53%
Max EPS beat(2)19.17%
EPS beat(4)2
Avg EPS beat(4)0.89%
Min EPS beat(4)-25.53%
Max EPS beat(4)21.2%
EPS beat(8)5
Avg EPS beat(8)3.84%
EPS beat(12)8
Avg EPS beat(12)9.45%
EPS beat(16)10
Avg EPS beat(16)6.65%
Revenue beat(2)1
Avg Revenue beat(2)-5.94%
Min Revenue beat(2)-16.62%
Max Revenue beat(2)4.74%
Revenue beat(4)3
Avg Revenue beat(4)-0.34%
Min Revenue beat(4)-16.62%
Max Revenue beat(4)6.06%
Revenue beat(8)4
Avg Revenue beat(8)-0.52%
Revenue beat(12)6
Avg Revenue beat(12)0.48%
Revenue beat(16)8
Avg Revenue beat(16)0.13%
PT rev (1m)0.14%
PT rev (3m)-6.4%
EPS NQ rev (1m)0%
EPS NQ rev (3m)2.26%
EPS NY rev (1m)0%
EPS NY rev (3m)-4.18%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.09%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-3.56%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.11 | ||
| Fwd PE | 22.47 | ||
| P/S | 9.34 | ||
| P/FCF | 37.06 | ||
| P/OCF | 27.89 | ||
| P/B | 3.43 | ||
| P/tB | 3.59 | ||
| EV/EBITDA | 17.33 |
EPS(TTM)4.64
EY3.69%
EPS(NY)5.6
Fwd EY4.45%
FCF(TTM)3.39
FCFY2.7%
OCF(TTM)4.51
OCFY3.59%
SpS13.46
BVpS36.7
TBVpS35
PEG (NY)3.09
PEG (5Y)2.78
Graham Number61.9
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.38% | ||
| ROE | 12.7% | ||
| ROCE | 12.72% | ||
| ROIC | 10.45% | ||
| ROICexc | 15.55% | ||
| ROICexgc | 16.64% | ||
| OM | 36.54% | ||
| PM (TTM) | 34.62% | ||
| GM | 76.45% | ||
| FCFM | 25.21% |
ROA(3y)12.61%
ROA(5y)12.15%
ROE(3y)14.68%
ROE(5y)15.04%
ROIC(3y)12.91%
ROIC(5y)13.02%
ROICexc(3y)20.07%
ROICexc(5y)25.04%
ROICexgc(3y)21.95%
ROICexgc(5y)29.41%
ROCE(3y)15.71%
ROCE(5y)15.84%
ROICexgc growth 3Y-20.27%
ROICexgc growth 5Y-23.51%
ROICexc growth 3Y-18.97%
ROICexc growth 5Y-17.23%
OM growth 3Y-3.57%
OM growth 5Y-1.15%
PM growth 3Y1.12%
PM growth 5Y0.2%
GM growth 3Y-0.99%
GM growth 5Y-0.44%
F-Score4
Asset Turnover0.33
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 116.41% | ||
| Cap/Sales | 8.29% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 76.73% | ||
| Profit Quality | 72.82% | ||
| Current Ratio | 9.55 | ||
| Quick Ratio | 7.59 | ||
| Altman-Z | 19.6 |
F-Score4
WACC10.87%
ROIC/WACC0.96
Cap/Depr(3y)166.44%
Cap/Depr(5y)135.73%
Cap/Sales(3y)12.05%
Cap/Sales(5y)10.12%
Profit Quality(3y)49.16%
Profit Quality(5y)63.84%
High Growth Momentum
Growth
EPS 1Y (TTM)-6.83%
EPS 3Y6.4%
EPS 5Y9.75%
EPS Q2Q%-34.29%
EPS Next Y8.77%
EPS Next 2Y9.71%
EPS Next 3Y12.42%
EPS Next 5Y20.56%
Revenue 1Y (TTM)-20.89%
Revenue growth 3Y5.38%
Revenue growth 5Y9.83%
Sales Q2Q%-13.62%
Revenue Next Year2.37%
Revenue Next 2Y6.55%
Revenue Next 3Y9.42%
Revenue Next 5Y17.1%
EBIT growth 1Y-25.52%
EBIT growth 3Y1.61%
EBIT growth 5Y8.57%
EBIT Next Year22.37%
EBIT Next 3Y17.49%
EBIT Next 5YN/A
FCF growth 1Y1746.27%
FCF growth 3Y12.69%
FCF growth 5Y5.26%
OCF growth 1Y78.22%
OCF growth 3Y9.91%
OCF growth 5Y5.53%
UNIVERSAL DISPLAY CORP / OLED 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 5 / 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 grow by 8.77% in the next year.