UNIVERSAL DISPLAY CORP (OLED)
US91347P1057 - Common Stock
OLED gets a fundamental rating of 8 out of 10. The analysis compared the fundamentals against 108 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 overvalued while it is showing excellent growth. This is an interesting combination. These ratings would make OLED suitable for growth and 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.
OLED had positive earnings in each of the past 5 years.
OLED had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With an excellent Return On Assets value of 16.23%, OLED belongs to the best of the industry, outperforming 87.96% of the companies in the same industry.
OLED's Return On Equity of 18.53% is amongst the best of the industry. OLED outperforms 82.41% of its industry peers.
Looking at the Return On Invested Capital, with a value of 15.05%, OLED belongs to the top of the industry, outperforming 87.04% of the companies in the same industry.
OLED had an Average Return On Invested Capital over the past 3 years of 13.67%. This is above the industry average of 11.24%.
The last Return On Invested Capital (15.05%) for OLED is above the 3 year average (13.67%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 16.23% | ||
| ROE | 18.53% | ||
| ROIC | 15.05% |
ROA(3y)12.74%
ROA(5y)12.18%
ROE(3y)15.66%
ROE(5y)15.68%
ROIC(3y)13.67%
ROIC(5y)13.16%
1.3 Margins
OLED's Profit Margin of 36.34% is amongst the best of the industry. OLED outperforms 95.37% of its industry peers.
OLED's Profit Margin has improved in the last couple of years.
OLED has a Operating Margin of 38.81%. This is amongst the best in the industry. OLED outperforms 96.30% of its industry peers.
In the last couple of years the Operating Margin of OLED has grown nicely.
With an excellent Gross Margin value of 76.77%, OLED belongs to the best of the industry, outperforming 95.37% 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 Rank | Sector Rank | ||
|---|---|---|---|
| OM | 38.81% | ||
| PM (TTM) | 36.34% | ||
| GM | 76.77% |
OM growth 3Y0.86%
OM growth 5Y10.45%
PM growth 3Y4.32%
PM growth 5Y8.3%
GM growth 3Y-0.46%
GM growth 5Y0.23%
2. Health
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.
Compared to 1 year ago, OLED has less shares outstanding
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 21.39. This indicates that OLED is financially healthy and has little risk of bankruptcy at the moment.
OLED has a better Altman-Z score (21.39) than 89.81% 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 Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 21.39 |
ROIC/WACC0.97
WACC15.53%
2.3 Liquidity
OLED has a Current Ratio of 7.18. This indicates that OLED is financially healthy and has no problem in meeting its short term obligations.
OLED has a better Current ratio (7.18) than 90.74% of its industry peers.
OLED has a Quick Ratio of 5.84. This indicates that OLED is financially healthy and has no problem in meeting its short term obligations.
The Quick ratio of OLED (5.84) is better than 89.81% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 7.18 | ||
| Quick Ratio | 5.84 |
3. Growth
3.1 Past
OLED shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 15.55%, which is quite good.
The Earnings Per Share has been growing by 27.88% on average over the past years. This is a very strong growth
OLED shows a strong growth in Revenue. In the last year, the Revenue has grown by 37.77%.
Measured over the past years, OLED shows a quite strong growth in Revenue. The Revenue has been growing by 18.43% on average per year.
EPS 1Y (TTM)15.55%
EPS 3Y14.83%
EPS 5Y27.88%
EPS Q2Q%29.63%
Revenue 1Y (TTM)37.77%
Revenue growth 3Y10.36%
Revenue growth 5Y18.43%
Sales Q2Q%14.57%
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 20.82% on average per year.
OLED is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 17.44% yearly.
EPS Next Y14.95%
EPS Next 2Y13.45%
EPS Next 3Y17.77%
EPS Next 5Y20.82%
Revenue Next Year9.9%
Revenue Next 2Y10.84%
Revenue Next 3Y13.85%
Revenue Next 5Y17.44%
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 30.03, the valuation of OLED can be described as expensive.
OLED's Price/Earnings ratio is a bit cheaper when compared to the industry. OLED is cheaper than 70.37% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.73. OLED is around the same levels.
OLED is valuated quite expensively with a Price/Forward Earnings ratio of 27.40.
Based on the Price/Forward Earnings ratio, OLED is valued a bit cheaper than 61.11% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.83, OLED is valued a bit more expensive.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.03 | ||
| Fwd PE | 27.4 |
4.2 Price Multiples
OLED's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. OLED is cheaper than 75.00% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of OLED indicates a somewhat cheap valuation: OLED is cheaper than 75.93% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 32.47 | ||
| EV/EBITDA | 17.06 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates OLED does not grow enough to justify the current Price/Earnings ratio.
The excellent profitability rating of OLED may justify a higher PE ratio.
A more expensive valuation may be justified as OLED's earnings are expected to grow with 17.77% in the coming years.
PEG (NY)2.01
PEG (5Y)1.08
EPS Next 2Y13.45%
EPS Next 3Y17.77%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.06%, OLED has a reasonable but not impressive dividend return.
The stock price of OLED dropped by -29.28% 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.
Compared to an average industry Dividend Yield of 2.31, OLED pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.34, OLED's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.06% |
5.2 History
The dividend of OLED is nicely growing with an annual growth rate of 42.42%!
OLED has been paying a dividend for over 5 years, so it has already some track record.
As OLED did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)42.42%
Div Incr Years7
Div Non Decr Years7
5.3 Sustainability
OLED pays out 25.33% 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.
DP25.33%
EPS Next 2Y13.45%
EPS Next 3Y17.77%
UNIVERSAL DISPLAY CORP
NASDAQ:OLED (12/20/2024, 8:00:01 PM)
After market: 149.533 0 (0%)149.53
-1.06 (-0.7%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners80.98%
Inst Owner Change5.64%
Ins Owners6.88%
Ins Owner Change0.25%
Market Cap7.10B
Analysts81.11
Price Target218.02 (45.8%)
Short Float %1.92%
Short Ratio1.53
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.06% |
Dividend Growth(5Y)42.42%
DP25.33%
Div Incr Years7
Div Non Decr Years7
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)5.26%
Min EPS beat(2)-5.07%
Max EPS beat(2)15.59%
EPS beat(4)3
Avg EPS beat(4)6.8%
Min EPS beat(4)-5.07%
Max EPS beat(4)15.59%
EPS beat(8)6
Avg EPS beat(8)13.72%
EPS beat(12)8
Avg EPS beat(12)8.56%
EPS beat(16)10
Avg EPS beat(16)12.1%
Revenue beat(2)0
Avg Revenue beat(2)-3.27%
Min Revenue beat(2)-4%
Max Revenue beat(2)-2.55%
Revenue beat(4)1
Avg Revenue beat(4)-0.7%
Min Revenue beat(4)-4%
Max Revenue beat(4)7.48%
Revenue beat(8)3
Avg Revenue beat(8)0.9%
Revenue beat(12)5
Avg Revenue beat(12)0.29%
Revenue beat(16)7
Avg Revenue beat(16)2.26%
PT rev (1m)-6.13%
PT rev (3m)-6.66%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-16.41%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.72%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-12.47%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-3.89%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.03 | ||
| Fwd PE | 27.4 | ||
| P/S | 8.77 | ||
| P/FCF | 32.47 | ||
| P/OCF | 27.71 | ||
| P/B | 4.47 | ||
| P/tB | 4.77 | ||
| EV/EBITDA | 17.06 |
EPS(TTM)4.98
EY3.33%
EPS(NY)5.46
Fwd EY3.65%
FCF(TTM)4.61
FCFY3.08%
OCF(TTM)5.4
OCFY3.61%
SpS17.05
BVpS33.43
TBVpS31.35
PEG (NY)2.01
PEG (5Y)1.08
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 16.23% | ||
| ROE | 18.53% | ||
| ROCE | 18.69% | ||
| ROIC | 15.05% | ||
| ROICexc | 22.42% | ||
| ROICexgc | 24.57% | ||
| OM | 38.81% | ||
| PM (TTM) | 36.34% | ||
| GM | 76.77% | ||
| FCFM | 27.02% |
ROA(3y)12.74%
ROA(5y)12.18%
ROE(3y)15.66%
ROE(5y)15.68%
ROIC(3y)13.67%
ROIC(5y)13.16%
ROICexc(3y)24.31%
ROICexc(5y)29.52%
ROICexgc(3y)27.08%
ROICexgc(5y)38.51%
ROCE(3y)16.97%
ROCE(5y)16.34%
ROICexcg growth 3Y-25.41%
ROICexcg growth 5Y-9.66%
ROICexc growth 3Y-20.73%
ROICexc growth 5Y1.05%
OM growth 3Y0.86%
OM growth 5Y10.45%
PM growth 3Y4.32%
PM growth 5Y8.3%
GM growth 3Y-0.46%
GM growth 5Y0.23%
F-Score6
Asset Turnover0.45
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 83.3% | ||
| Cap/Sales | 4.64% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 71.34% | ||
| Profit Quality | 74.36% | ||
| Current Ratio | 7.18 | ||
| Quick Ratio | 5.84 | ||
| Altman-Z | 21.39 |
F-Score6
WACC15.53%
ROIC/WACC0.97
Cap/Depr(3y)168.84%
Cap/Depr(5y)134.09%
Cap/Sales(3y)12.48%
Cap/Sales(5y)10.31%
Profit Quality(3y)44.25%
Profit Quality(5y)68.6%
High Growth Momentum
Growth
EPS 1Y (TTM)15.55%
EPS 3Y14.83%
EPS 5Y27.88%
EPS Q2Q%29.63%
EPS Next Y14.95%
EPS Next 2Y13.45%
EPS Next 3Y17.77%
EPS Next 5Y20.82%
Revenue 1Y (TTM)37.77%
Revenue growth 3Y10.36%
Revenue growth 5Y18.43%
Sales Q2Q%14.57%
Revenue Next Year9.9%
Revenue Next 2Y10.84%
Revenue Next 3Y13.85%
Revenue Next 5Y17.44%
EBIT growth 1Y33.3%
EBIT growth 3Y11.31%
EBIT growth 5Y30.81%
EBIT Next Year31.68%
EBIT Next 3Y28.14%
EBIT Next 5YN/A
FCF growth 1Y66.35%
FCF growth 3Y-38.25%
FCF growth 5Y-21.67%
OCF growth 1Y41.49%
OCF growth 3Y1.32%
OCF growth 5Y4.91%