119.6 USD
+0.5 (+0.42%)
119.6 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. Both the health and profitability get an excellent rating, making OLED a very profitable company, without any liquidiy or solvency issues. OLED has a decent growth rate and is not valued too expensively. With these ratings, OLED could be worth investigating further for quality investing!.
1. Profitability
1.1 Basic Checks
OLED had positive earnings in the past year.
In the past year OLED had a positive cash flow from operations.
In the past 5 years OLED has always been profitable.
In the past 5 years OLED always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of OLED (11.38%) is better than 83.19% of its industry peers.
OLED has a Return On Equity of 12.70%. This is in the better half of the industry: OLED outperforms 76.99% of its industry peers.
OLED has a better Return On Invested Capital (10.45%) than 80.53% of its industry peers.
The Average Return On Invested Capital over the past 3 years for OLED is above the industry average of 10.77%.
| 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
OLED has a Profit Margin of 34.62%. This is amongst the best in the industry. OLED outperforms 93.81% of its industry peers.
In the last couple of years the Profit Margin of OLED has remained more or less at the same level.
OLED has a Operating Margin of 36.54%. This is amongst the best in the industry. OLED outperforms 93.81% of its industry peers.
In the last couple of years the Operating Margin of OLED has remained more or less at the same level.
With an excellent Gross Margin value of 76.45%, OLED belongs to the best of the industry, outperforming 95.58% of the companies in the same industry.
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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so OLED is still creating some value.
Compared to 1 year ago, OLED has more shares outstanding
The number of shares outstanding for OLED remains at a similar level compared to 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
OLED has an Altman-Z score of 18.81. This indicates that OLED is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of OLED (18.81) is better than 90.27% 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 | 18.81 |
ROIC/WACC0.98
WACC10.69%
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.
OLED has a Current ratio of 9.55. This is amongst the best in the industry. OLED outperforms 94.69% of its industry peers.
OLED has a Quick Ratio of 7.59. This indicates that OLED is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 7.59, OLED belongs to the top 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
The earnings per share for OLED have decreased by -6.83% in the last year.
The Earnings Per Share has been growing by 9.75% on average over the past years. This is quite good.
The Revenue for OLED has decreased by -20.89% in the past year. This is quite bad
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
The Earnings Per Share is expected to grow by 20.56% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 17.10% on average over the next years. This is quite good.
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
With a Price/Earnings ratio of 25.78, OLED can be considered very expensive at the moment.
Based on the Price/Earnings ratio, OLED is valued cheaper than 80.53% of the companies in the same industry.
OLED is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 26.57, which is the current average of the S&P500 Index.
OLED is valuated rather expensively with a Price/Forward Earnings ratio of 21.37.
Based on the Price/Forward Earnings ratio, OLED is valued a bit cheaper than the industry average as 79.65% of the companies are valued more expensively.
OLED is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 24.04, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.78 | ||
| Fwd PE | 21.37 |
4.2 Price Multiples
OLED's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. OLED is cheaper than 75.22% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of OLED indicates a somewhat cheap valuation: OLED is cheaper than 77.88% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 35.24 | ||
| EV/EBITDA | 16.38 |
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)2.94
PEG (5Y)2.64
EPS Next 2Y9.71%
EPS Next 3Y12.42%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.56%, OLED has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 0.56, 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 comparable with the S&P500 average which is at 1.88.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.56% |
5.2 History
On average, the dividend of OLED grows each year by 32.14%, which is quite nice.
OLED has been paying a dividend for over 5 years, so it has already some track record.
OLED has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
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%
119.6
+0.5 (+0.42%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners84.68%
Inst Owner Change-4.1%
Ins Owners6.94%
Ins Owner Change-0.03%
Market Cap5.69B
Revenue(TTM)639.98M
Net Income(TTM)221.55M
Analysts81.18
Price TargetN/A
Short Float %3.64%
Short Ratio2.87
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.56% |
Yearly Dividend1.61
Dividend Growth(5Y)32.14%
DP37.26%
Div Incr Years7
Div Non Decr Years7
Ex-Date
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)-6.4%
PT rev (3m)-6.4%
EPS NQ rev (1m)-0.5%
EPS NQ rev (3m)2.26%
EPS NY rev (1m)-4.82%
EPS NY rev (3m)-4.31%
Revenue NQ rev (1m)-0.08%
Revenue NQ rev (3m)0.09%
Revenue NY rev (1m)-4%
Revenue NY rev (3m)-3.56%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.78 | ||
| Fwd PE | 21.37 | ||
| P/S | 8.88 | ||
| P/FCF | 35.24 | ||
| P/OCF | 26.52 | ||
| P/B | 3.26 | ||
| P/tB | 3.42 | ||
| EV/EBITDA | 16.38 |
EPS(TTM)4.64
EY3.88%
EPS(NY)5.6
Fwd EY4.68%
FCF(TTM)3.39
FCFY2.84%
OCF(TTM)4.51
OCFY3.77%
SpS13.46
BVpS36.7
TBVpS35
PEG (NY)2.94
PEG (5Y)2.64
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 | 18.81 |
F-Score4
WACC10.69%
ROIC/WACC0.98
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 3Y17.14%
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.
Can you provide the valuation status for UNIVERSAL DISPLAY CORP?
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.
Can you provide the PE and PB ratios for OLED stock?
The Price/Earnings (PE) ratio for UNIVERSAL DISPLAY CORP (OLED) is 25.78 and the Price/Book (PB) ratio is 3.26.
Is the dividend of UNIVERSAL DISPLAY CORP sustainable?
The dividend rating of UNIVERSAL DISPLAY CORP (OLED) is 6 / 10 and the dividend payout ratio is 37.26%.