118.03 USD
+0.39 (+0.33%)
118.03 USD
0 (0%)
Overall OLED gets a fundamental rating of 7 out of 10. We evaluated OLED against 113 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 has a correct valuation and a medium growth rate. This makes OLED very considerable for quality investing!
1. Profitability
1.1 Basic Checks
- OLED had positive earnings in the past year.
- In the past year OLED had a positive cash flow from operations.
- Each year in the past 5 years OLED has been profitable.
- OLED had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- OLED has a Return On Assets of 11.38%. This is amongst the best in the industry. OLED outperforms 83.19% of its industry peers.
- OLED has a better Return On Equity (12.70%) than 76.99% of its industry peers.
- OLED's Return On Invested Capital of 10.45% is amongst the best of the industry. OLED outperforms 80.53% 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 10.78%.
| 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 93.81% of its industry peers.
- OLED's Profit Margin has been stable in the last couple of years.
- OLED has a Operating Margin of 36.54%. This is amongst the best in the industry. OLED outperforms 93.81% 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 95.58% 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
- With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), OLED is creating some value.
- The number of shares outstanding for OLED has been increased compared to 1 year ago.
- The number of shares outstanding for OLED remains at a similar level 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.
2.2 Solvency
- OLED has an Altman-Z score of 18.66. This indicates that OLED is financially healthy and has little risk of bankruptcy at the moment.
- OLED's Altman-Z score of 18.66 is amongst the best of the industry. OLED outperforms 84.96% 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 | 18.66 |
ROIC/WACC0.96
WACC10.93%
2.3 Liquidity
- A Current Ratio of 9.55 indicates that OLED has no problem at all paying its short term obligations.
- OLED's Current ratio of 9.55 is amongst the best of the industry. OLED outperforms 93.81% 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 90.27% 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%.
- OLED shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 9.75% yearly.
- 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.
- OLED is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 11.13% yearly.
EPS Next Y8.8%
EPS Next 2Y9.45%
EPS Next 3Y12.23%
EPS Next 5Y20.56%
Revenue Next Year2.47%
Revenue Next 2Y6.37%
Revenue Next 3Y9.02%
Revenue Next 5Y11.13%
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 stable.
4. Valuation
4.1 Price/Earnings Ratio
- The Price/Earnings ratio is 25.44, which means the current valuation is very expensive for OLED.
- 85.84% of the companies in the same industry are more expensive than OLED, based on the Price/Earnings ratio.
- OLED's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 28.60.
- Based on the Price/Forward Earnings ratio of 21.19, the valuation of OLED can be described as rather expensive.
- 85.84% 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 25.83. OLED is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.44 | ||
| Fwd PE | 21.19 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, OLED is valued cheaply inside the industry as 83.19% of the companies are valued more expensively.
- OLED's Price/Free Cash Flow ratio is rather cheap when compared to the industry. OLED is cheaper than 84.07% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 34.78 | ||
| EV/EBITDA | 16.2 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
- OLED has an outstanding profitability rating, which may justify a higher PE ratio.
- OLED's earnings are expected to grow with 12.23% in the coming years. This may justify a more expensive valuation.
PEG (NY)2.89
PEG (5Y)2.61
EPS Next 2Y9.45%
EPS Next 3Y12.23%
5. Dividend
5.1 Amount
- OLED has a Yearly Dividend Yield of 1.52%. Purely for dividend investing, there may be better candidates out there.
- Compared to an average industry Dividend Yield of 0.49, OLED pays a better dividend. On top of this OLED pays more dividend than 87.61% 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 Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.52% |
5.2 History
- The dividend of OLED is nicely growing with an annual growth rate of 32.14%!
- 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)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.
- The dividend of OLED is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP37.26%
EPS Next 2Y9.45%
EPS Next 3Y12.23%
UNIVERSAL DISPLAY CORP / OLED 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.
What is the profitability of OLED stock?
UNIVERSAL DISPLAY CORP (OLED) has a profitability rating of 8 / 10.
How financially healthy is UNIVERSAL DISPLAY CORP?
The financial health rating of UNIVERSAL DISPLAY CORP (OLED) is 9 / 10.
Can you provide the expected EPS growth for OLED stock?
The Earnings per Share (EPS) of UNIVERSAL DISPLAY CORP (OLED) is expected to grow by 8.8% in the next year.