UNIVERSAL DISPLAY CORP (OLED) Fundamental Analysis & Valuation

NASDAQ:OLED • US91347P1057

Current stock price

96.39 USD
+9.3 (+10.68%)
At close:
96.39 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.
  • OLED had a positive operating cash flow in the past year.
  • OLED had positive earnings in each of the past 5 years.
  • 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 better Return On Equity (13.74%) than 77.39% of its industry peers.
  • With an excellent Return On Invested Capital value of 10.97%, OLED belongs to the best 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.
  • The Operating Margin of OLED (38.21%) is better than 94.78% of its industry peers.
  • OLED's Operating Margin has been stable in the last couple of years.
  • OLED's Gross Margin of 76.23% is amongst the best of 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

  • OLED has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • OLED has less shares outstanding than it did 1 year ago.
  • The number of shares outstanding for OLED has been reduced 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.
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 14.26. This indicates that OLED is financially healthy and has little risk of bankruptcy at the moment.
  • OLED has a Altman-Z score of 14.26. This is in the better half of the industry: OLED outperforms 73.91% 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 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

  • A Current Ratio of 10.06 indicates that OLED has no problem at all paying its short term obligations.
  • With an excellent Current ratio value of 10.06, OLED belongs to the best of the industry, outperforming 90.43% of the companies in the same industry.
  • A Quick Ratio of 7.83 indicates that OLED has no problem at all paying its short term obligations.
  • With an excellent Quick ratio value of 7.83, OLED belongs to the best of the industry, outperforming 87.83% of the companies in the same industry.
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.
  • The Earnings Per Share has been growing by 12.61% on average over the past years. This is quite good.
  • The Revenue has been growing slightly by 0.45% in the past 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)-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

  • OLED is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 19.55% yearly.
  • 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 21.52 indicates a rather expensive valuation of OLED.
  • Based on the Price/Earnings ratio, OLED is valued cheaper than 92.17% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 26.64. OLED is around the same levels.
  • The Price/Forward Earnings ratio is 17.01, which indicates a rather expensive current valuation of OLED.
  • 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.
  • OLED is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 21.36, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 21.52
Fwd PE 17.01
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of OLED indicates a rather cheap valuation: OLED is cheaper than 96.52% of the companies listed in the same industry.
  • 91.30% of the companies in the same industry are more expensive than OLED, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 31.45
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)1.71
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%.
  • Compared to an average industry Dividend Yield of 0.42, OLED pays a better dividend. On top of this OLED pays more dividend than 94.78% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.82, OLED pays a bit more dividend than the S&P500 average.
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 paid a dividend for at least 10 years, which is 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

  • 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 (5/1/2026, 8:00:02 PM)

After market: 96.39 0 (0%)

96.39

+9.3 (+10.68%)

Chartmill FA Rating
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Industry Strength93.17
Industry Growth91.93
Earnings (Last)04-30
Earnings (Next)N/A
Inst Owners87.32%
Inst Owner Change-0.31%
Ins Owners7.17%
Ins Owner Change1.61%
Market Cap4.54B
Revenue(TTM)650.61M
Net Income(TTM)241.92M
Analysts81.18
Price Target148.04 (53.58%)
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 21.52
Fwd PE 17.01
P/S 6.98
P/FCF 31.45
P/OCF 21.53
P/B 2.58
P/tB 2.69
EV/EBITDA 10.28
EPS(TTM)4.48
EY4.65%
EPS(NY)5.67
Fwd EY5.88%
FCF(TTM)3.06
FCFY3.18%
OCF(TTM)4.48
OCFY4.64%
SpS13.81
BVpS37.39
TBVpS35.77
PEG (NY)N/A
PEG (5Y)1.71
Graham Number61.3906 (-36.31%)
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 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 21.52 and the Price/Book (PB) ratio is 2.58.


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.