UNIVERSAL DISPLAY CORP (OLED) Fundamental Analysis & Valuation

NASDAQ:OLED • US91347P1057

Current stock price

94.98 USD
-4.05 (-4.09%)
At close:
94.98 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

  • In the past year OLED was profitable.
  • OLED had a positive operating cash flow in the past year.
  • In the past 5 years OLED has always 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's Return On Assets of 12.32% is amongst the best of the industry. OLED outperforms 84.35% of its industry peers.
  • The Return On Equity of OLED (13.74%) is better than 77.39% of its industry peers.
  • The Return On Invested Capital of OLED (10.97%) is better than 83.48% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for OLED is in line with the industry average of 10.89%.
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

  • Looking at the Profit Margin, with a value of 37.18%, OLED belongs to the top of the industry, outperforming 95.65% of the companies in the same industry.
  • OLED's Profit Margin has improved in the last couple of years.
  • 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.
  • Looking at the Gross Margin, with a value of 76.23%, OLED belongs to the top of the industry, outperforming 94.78% of the companies in the same industry.
  • In the last couple of years the Gross Margin of OLED has remained more or less at the same level.
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
  • Compared to 5 years ago, OLED has less shares outstanding
  • 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 15.93. This indicates that OLED is financially healthy and has little risk of bankruptcy at the moment.
  • OLED has a better Altman-Z score (15.93) than 76.52% 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 15.93
ROIC/WACC0.86
WACC12.82%
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 has grown by an nice 9.03% over the past 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.
  • Looking at the last year, OLED shows a very negative growth in Revenue. The Revenue has decreased by -19.97% in the last year.
  • 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)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.
  • 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

  • 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 stable.
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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6

4. OLED Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 18.73 indicates a rather expensive valuation of OLED.
  • OLED's Price/Earnings ratio is rather cheap when compared to the industry. OLED is cheaper than 92.17% of the companies in the same industry.
  • OLED is valuated rather cheaply when we compare the Price/Earnings ratio to 27.35, which is the current average of the S&P500 Index.
  • Based on the Price/Forward Earnings ratio of 19.07, the valuation of OLED can be described as rather expensive.
  • Based on the Price/Forward Earnings ratio, OLED is valued cheaper than 88.70% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of OLED to the average of the S&P500 Index (22.23), we can say OLED is valued inline with the index average.
Industry RankSector Rank
PE 18.73
Fwd PE 19.07
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 93.04% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, OLED is valued cheaply inside the industry as 89.57% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 30.99
EV/EBITDA 12.19
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)1.49
EPS Next 2Y5.73%
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

  • With a Yearly Dividend Yield of 2.05%, OLED has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 0.42, OLED pays a better dividend. On top of this OLED pays more dividend than 93.91% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.82, OLED has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 2.05%

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.
  • 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 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.
  • The dividend of OLED is growing, but the earnings are growing slower. 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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OLED Fundamentals: All Metrics, Ratios and Statistics

UNIVERSAL DISPLAY CORP

NASDAQ:OLED (4/27/2026, 8:09:55 PM)

After market: 94.98 0 (0%)

94.98

-4.05 (-4.09%)

Chartmill FA Rating
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)02-19
Earnings (Next)04-30
Inst Owners87.32%
Inst Owner Change-0.31%
Ins Owners7.17%
Ins Owner Change1.61%
Market Cap4.47B
Revenue(TTM)650.61M
Net Income(TTM)241.92M
Analysts81.18
Price Target155.8 (64.03%)
Short Float %5.87%
Short Ratio3.07
Dividend
Industry RankSector Rank
Dividend Yield 2.05%
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 18.73
Fwd PE 19.07
P/S 6.88
P/FCF 30.99
P/OCF 21.22
P/B 2.54
P/tB 2.66
EV/EBITDA 12.19
EPS(TTM)5.07
EY5.34%
EPS(NY)4.98
Fwd EY5.24%
FCF(TTM)3.06
FCFY3.23%
OCF(TTM)4.48
OCFY4.71%
SpS13.81
BVpS37.39
TBVpS35.77
PEG (NY)N/A
PEG (5Y)1.49
Graham Number65.3081 (-31.24%)
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 15.93
F-Score5
WACC12.82%
ROIC/WACC0.86
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-1.75%
EPS Next 2Y5.73%
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 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 18.73 and the Price/Book (PB) ratio is 2.54.


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.