UNIVERSAL DISPLAY CORP (OLED) Fundamental Analysis & Valuation

NASDAQ:OLED • US91347P1057

Current stock price

87.09 USD
-2.54 (-2.83%)
At close:
91.7147 USD
+4.62 (+5.31%)
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

  • In the past year OLED was profitable.
  • 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.
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

  • Looking at the Return On Assets, with a value of 12.32%, OLED belongs to the top of the industry, outperforming 84.35% of the companies in the same industry.
  • With a decent Return On Equity value of 13.74%, OLED is doing good in the industry, outperforming 77.39% of the companies in the same industry.
  • 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 10.73%.
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 95.65% of its industry peers.
  • OLED's Profit Margin has improved in the last couple of years.
  • With an excellent Operating Margin value of 38.21%, OLED belongs to the best of the industry, outperforming 94.78% of the companies in the same industry.
  • In the last couple of years the Operating Margin of OLED has remained more or less at the same level.
  • OLED has a Gross Margin of 76.23%. This is amongst the best in the industry. OLED outperforms 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.
  • OLED has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the 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 14.26 indicates that OLED is not in any danger for bankruptcy at the moment.
  • The Altman-Z score of OLED (14.26) is better than 73.91% 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 14.26
ROIC/WACC0.85
WACC12.84%
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

  • OLED has a Current Ratio of 10.06. This indicates that OLED is financially healthy and has no problem in meeting its short term obligations.
  • The Current ratio of OLED (10.06) is better 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 Quick ratio of 7.83. This is amongst the best in the industry. OLED outperforms 87.83% 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

5

3. OLED Growth Analysis

3.1 Past

  • The earnings per share for OLED have decreased by -6.86% in the last year.
  • 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 small growth in Revenue. In the last year, the Revenue has grown by 0.45%.
  • OLED shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.69% yearly.
EPS 1Y (TTM)-6.86%
EPS 3Y4.84%
EPS 5Y12.61%
EPS Q2Q%-43.7%
Revenue 1Y (TTM)0.45%
Revenue growth 3Y1.81%
Revenue growth 5Y8.69%
Sales Q2Q%-14.47%

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.
  • Based on estimates for the next years, OLED will show a small growth in Revenue. The Revenue will grow by 7.73% on average per year.
EPS Next Y-1.75%
EPS Next 2Y5.73%
EPS Next 3Y8.39%
EPS Next 5Y19.55%
Revenue Next Year3.68%
Revenue Next 2Y6.97%
Revenue Next 3Y8.49%
Revenue Next 5Y7.73%

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 stable: in the next years the growth will be about the same 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 200M 400M 600M 800M
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

  • OLED is valuated rather expensively with a Price/Earnings ratio of 19.44.
  • 92.17% of the companies in the same industry are more expensive than OLED, based on the Price/Earnings ratio.
  • Compared to an average S&P500 Price/Earnings ratio of 26.77, OLED is valued a bit cheaper.
  • With a Price/Forward Earnings ratio of 15.37, OLED is valued correctly.
  • OLED's Price/Forward Earnings ratio is rather cheap when compared to the industry. OLED is cheaper than 91.30% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 21.75. OLED is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 19.44
Fwd PE 15.37
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

  • OLED's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. OLED is cheaper than 96.52% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, OLED is valued cheaply inside the industry as 91.30% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 28.41
EV/EBITDA 10.28
OLED Per share dataOLED EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

  • The excellent profitability rating of OLED may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.54
EPS Next 2Y5.73%
EPS Next 3Y8.39%

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

7

5. OLED Dividend Analysis

5.1 Amount

  • OLED has a Yearly Dividend Yield of 2.23%. Purely for dividend investing, there may be better candidates out there.
  • The stock price of OLED dropped by -24.15% 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 0.41. OLED pays more dividend than 94.78% of the companies in the same industry.
  • OLED's Dividend Yield is a higher than the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 2.23%

5.2 History

  • On average, the dividend of OLED grows each year by 24.77%, which is quite nice.
  • OLED has been paying a dividend for at least 10 years, so it has 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

  • 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 2Y5.73%
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 (4/30/2026, 8:10:11 PM)

After market: 91.7147 +4.62 (+5.31%)

87.09

-2.54 (-2.83%)

Chartmill FA Rating
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Industry Strength93.17
Industry Growth93.17
Earnings (Last)04-30
Earnings (Next)N/A
Inst Owners87.32%
Inst Owner Change-0.31%
Ins Owners7.17%
Ins Owner Change1.61%
Market Cap4.10B
Revenue(TTM)650.61M
Net Income(TTM)241.92M
Analysts81.18
Price Target148.04 (69.99%)
Short Float %6.57%
Short Ratio3.89
Dividend
Industry RankSector Rank
Dividend Yield 2.23%
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)-2.24%
PT rev (3m)-8.29%
EPS NQ rev (1m)1.72%
EPS NQ rev (3m)-7.89%
EPS NY rev (1m)1.4%
EPS NY rev (3m)-10.58%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-5.87%
Revenue NY rev (1m)-0.31%
Revenue NY rev (3m)-6.12%
Valuation
Industry RankSector Rank
PE 19.44
Fwd PE 15.37
P/S 6.3
P/FCF 28.41
P/OCF 19.46
P/B 2.33
P/tB 2.43
EV/EBITDA 10.28
EPS(TTM)4.48
EY5.14%
EPS(NY)5.67
Fwd EY6.51%
FCF(TTM)3.06
FCFY3.52%
OCF(TTM)4.48
OCFY5.14%
SpS13.81
BVpS37.39
TBVpS35.77
PEG (NY)N/A
PEG (5Y)1.54
Graham Number61.3906 (-29.51%)
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 14.26
F-Score5
WACC12.84%
ROIC/WACC0.85
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)-6.86%
EPS 3Y4.84%
EPS 5Y12.61%
EPS Q2Q%-43.7%
EPS Next Y-1.75%
EPS Next 2Y5.73%
EPS Next 3Y8.39%
EPS Next 5Y19.55%
Revenue 1Y (TTM)0.45%
Revenue growth 3Y1.81%
Revenue growth 5Y8.69%
Sales Q2Q%-14.47%
Revenue Next Year3.68%
Revenue Next 2Y6.97%
Revenue Next 3Y8.49%
Revenue Next 5Y7.73%
EBIT growth 1Y-17.6%
EBIT growth 3Y-2.37%
EBIT growth 5Y9.56%
EBIT Next Year18.04%
EBIT Next 3Y14.42%
EBIT Next 5Y11.54%
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 19.44 and the Price/Book (PB) ratio is 2.33.


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 -1.75% in the next year.