121.3 USD
-0.16 (-0.13%)
121.3 USD
0 (0%)
Taking everything into account, OLED scores 7 out of 10 in our fundamental rating. OLED was compared to 112 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
In the past year OLED was profitable.
In the past year OLED had a positive cash flow from operations.
Each year in the past 5 years OLED has been profitable.
Each year in the past 5 years OLED had a positive operating cash flow.
1.2 Ratios
OLED has a better Return On Assets (11.38%) than 85.71% of its industry peers.
The Return On Equity of OLED (12.70%) is better than 78.57% of its industry peers.
OLED's Return On Invested Capital of 10.45% is amongst the best of the industry. OLED outperforms 80.36% of its industry peers.
The Average Return On Invested Capital over the past 3 years for OLED is above the industry average of 10.79%.
| 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 better Profit Margin (34.62%) than 96.43% of its industry peers.
OLED's Profit Margin has been stable in the last couple of years.
The Operating Margin of OLED (36.54%) is better than 93.75% of its industry peers.
OLED's Operating Margin has been stable in the last couple of years.
OLED has a Gross Margin of 76.45%. This is amongst the best in the industry. OLED outperforms 96.43% 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
OLED has an Altman-Z score of 19.15. This indicates that OLED is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 19.15, OLED belongs to the top of the industry, outperforming 87.50% of the companies in the same industry.
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 | 19.15 |
ROIC/WACC1
WACC10.44%
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 better Current ratio (9.55) than 94.64% of its industry peers.
A Quick Ratio of 7.59 indicates that OLED has no problem at all paying its short term obligations.
The Quick ratio of OLED (7.59) is better than 90.18% of its industry peers.
| 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.
Looking at the last year, OLED shows a very negative growth in Revenue. The Revenue has decreased by -20.89% in the last year.
OLED shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 9.83% yearly.
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
OLED is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 17.10% yearly.
EPS Next Y14.28%
EPS Next 2Y13.31%
EPS Next 3Y16.85%
EPS Next 5Y20.56%
Revenue Next Year6.63%
Revenue Next 2Y8.76%
Revenue Next 3Y12.21%
Revenue Next 5Y17.1%
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.
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
The Price/Earnings ratio is 26.14, which means the current valuation is very expensive for OLED.
Based on the Price/Earnings ratio, OLED is valued cheaper than 82.14% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.46, OLED is valued at the same level.
Based on the Price/Forward Earnings ratio of 20.32, the valuation of OLED can be described as rather expensive.
81.25% of the companies in the same industry are more expensive than OLED, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 36.10. OLED is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.14 | ||
| Fwd PE | 20.32 |
4.2 Price Multiples
77.68% of the companies in the same industry are more expensive than OLED, based on the Enterprise Value to EBITDA ratio.
76.79% 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 | 35.74 | ||
| EV/EBITDA | 16.78 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The excellent profitability rating of OLED may justify a higher PE ratio.
OLED's earnings are expected to grow with 16.85% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.83
PEG (5Y)2.68
EPS Next 2Y13.31%
EPS Next 3Y16.85%
5. Dividend
5.1 Amount
OLED has a Yearly Dividend Yield of 1.52%.
Compared to an average industry Dividend Yield of 2.21, OLED pays a better dividend. On top of this OLED pays more dividend than 85.71% of the companies listed in the same industry.
Compared to the average S&P500 Dividend Yield of 2.32, OLED is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.52% |
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
OLED pays out 37.26% of its income as dividend. This is a sustainable payout ratio.
OLED's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP37.26%
EPS Next 2Y13.31%
EPS Next 3Y16.85%
121.3
-0.16 (-0.13%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners87.08%
Inst Owner Change-4.1%
Ins Owners6.93%
Ins Owner Change-0.03%
Market Cap5.77B
Revenue(TTM)639.98M
Net Income(TTM)221.55M
Analysts80
Price Target172.29 (42.04%)
Short Float %3.67%
Short Ratio2.77
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.52% |
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)-6.53%
PT rev (3m)-6.49%
EPS NQ rev (1m)2.77%
EPS NQ rev (3m)2.77%
EPS NY rev (1m)0%
EPS NY rev (3m)0.54%
Revenue NQ rev (1m)0.16%
Revenue NQ rev (3m)0.16%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.47%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.14 | ||
| Fwd PE | 20.32 | ||
| P/S | 9.01 | ||
| P/FCF | 35.74 | ||
| P/OCF | 26.9 | ||
| P/B | 3.31 | ||
| P/tB | 3.47 | ||
| EV/EBITDA | 16.78 |
EPS(TTM)4.64
EY3.83%
EPS(NY)5.97
Fwd EY4.92%
FCF(TTM)3.39
FCFY2.8%
OCF(TTM)4.51
OCFY3.72%
SpS13.46
BVpS36.7
TBVpS35
PEG (NY)1.83
PEG (5Y)2.68
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 | 19.15 |
F-Score4
WACC10.44%
ROIC/WACC1
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 Y14.28%
EPS Next 2Y13.31%
EPS Next 3Y16.85%
EPS Next 5Y20.56%
Revenue 1Y (TTM)-20.89%
Revenue growth 3Y5.38%
Revenue growth 5Y9.83%
Sales Q2Q%-13.62%
Revenue Next Year6.63%
Revenue Next 2Y8.76%
Revenue Next 3Y12.21%
Revenue Next 5Y17.1%
EBIT growth 1Y-25.52%
EBIT growth 3Y1.61%
EBIT growth 5Y8.57%
EBIT Next Year27.48%
EBIT Next 3Y20.35%
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 26.14 and the Price/Book (PB) ratio is 3.31.
Is the dividend of UNIVERSAL DISPLAY CORP sustainable?
The dividend rating of UNIVERSAL DISPLAY CORP (OLED) is 5 / 10 and the dividend payout ratio is 37.26%.