122.14 USD
+0.65 (+0.54%)
122.14 USD
0 (0%)
Overall OLED gets a fundamental rating of 7 out of 10. We evaluated OLED against 112 industry peers in the Semiconductors & Semiconductor Equipment industry. OLED scores excellent points on both the profitability and health parts. This is a solid base for a good stock. OLED is not valued too expensively and it also shows a decent growth rate. This makes OLED very considerable for quality investing!
1. Profitability
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.
Each year in the past 5 years OLED had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 11.38%, OLED belongs to the top of the industry, outperforming 83.93% of the companies in the same industry.
OLED has a better Return On Equity (12.70%) than 76.79% of its industry peers.
The Return On Invested Capital of OLED (10.45%) is better than 80.36% of its industry peers.
OLED had an Average Return On Invested Capital over the past 3 years of 12.91%. This is above the industry average of 10.82%.
| 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 94.64% of its industry peers.
OLED's Profit Margin has been stable in the last couple of years.
OLED's Operating Margin of 36.54% is amongst the best of the industry. OLED outperforms 93.75% of its industry peers.
OLED's Operating Margin has been stable in the last couple of years.
OLED has a better Gross Margin (76.45%) than 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
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
Compared to 5 years ago, OLED has about the same amount of 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.
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.
OLED has a Altman-Z score of 19.15. This is amongst the best in the industry. OLED outperforms 86.61% 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 | 19.15 |
ROIC/WACC0.99
WACC10.51%
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 94.64% of its industry peers.
A Quick Ratio of 7.59 indicates that OLED has no problem at all paying its short term obligations.
With an excellent Quick ratio value of 7.59, OLED belongs to the best of the industry, outperforming 90.18% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 9.55 | ||
| Quick Ratio | 7.59 |
3. Growth
3.1 Past
OLED shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -6.83%.
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
Measured over the past years, OLED shows a quite strong growth in Revenue. The Revenue has been growing by 9.83% on average per year.
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
Based on estimates for the next years, OLED will show a very strong growth in Earnings Per Share. The EPS will grow by 20.56% on average per year.
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
OLED is valuated quite expensively with a Price/Earnings ratio of 26.32.
Based on the Price/Earnings ratio, OLED is valued cheaper than 82.14% of the companies in the same industry.
When comparing the Price/Earnings ratio of OLED to the average of the S&P500 Index (26.29), we can say OLED is valued inline with the index average.
Based on the Price/Forward Earnings ratio of 21.82, the valuation of OLED can be described as rather expensive.
80.36% 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 23.51. OLED is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.32 | ||
| Fwd PE | 21.82 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, OLED is valued a bit cheaper than the industry average as 77.68% of the companies are valued more expensively.
78.57% 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 | 35.99 | ||
| EV/EBITDA | 16.79 |
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 12.42% in the coming years. This may justify a more expensive valuation.
PEG (NY)3
PEG (5Y)2.7
EPS Next 2Y9.71%
EPS Next 3Y12.42%
5. Dividend
5.1 Amount
OLED has a Yearly Dividend Yield of 1.48%. Purely for dividend investing, there may be better candidates out there.
OLED's Dividend Yield is rather good when compared to the industry average which is at 2.09. OLED pays more dividend than 85.71% of the companies in the same industry.
Compared to the average S&P500 Dividend Yield of 2.31, OLED is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.48% |
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%
122.14
+0.65 (+0.54%)
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 Cap5.81B
Revenue(TTM)639.98M
Net Income(TTM)221.55M
Analysts81.18
Price Target172.53 (41.26%)
Short Float %3.67%
Short Ratio2.77
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.48% |
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)-6.37%
EPS NQ rev (1m)1.05%
EPS NQ rev (3m)2.26%
EPS NY rev (1m)-4.82%
EPS NY rev (3m)-4.31%
Revenue NQ rev (1m)-0.38%
Revenue NQ rev (3m)0.09%
Revenue NY rev (1m)-4%
Revenue NY rev (3m)-3.55%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.32 | ||
| Fwd PE | 21.82 | ||
| P/S | 9.07 | ||
| P/FCF | 35.99 | ||
| P/OCF | 27.08 | ||
| P/B | 3.33 | ||
| P/tB | 3.49 | ||
| EV/EBITDA | 16.79 |
EPS(TTM)4.64
EY3.8%
EPS(NY)5.6
Fwd EY4.58%
FCF(TTM)3.39
FCFY2.78%
OCF(TTM)4.51
OCFY3.69%
SpS13.46
BVpS36.7
TBVpS35
PEG (NY)3
PEG (5Y)2.7
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
WACC10.51%
ROIC/WACC0.99
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 26.32 and the Price/Book (PB) ratio is 3.33.
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%.