UNIVERSAL DISPLAY CORP (OLED) Stock Fundamental Analysis

USA • Nasdaq • NASDAQ:OLED • US91347P1057

117.03 USD
-0.21 (-0.18%)
Last: Feb 4, 2026, 01:38 PM
Fundamental Rating

7

We assign a fundamental rating of 7 out of 10 to OLED. OLED was compared to 113 industry peers in the Semiconductors & Semiconductor Equipment industry. OLED gets an excellent profitability rating and is at the same time showing great financial health properties. OLED is not valued too expensively and it also shows a decent growth rate. With these ratings, OLED could be worth investigating further for quality investing!.


Dividend Valuation Growth Profitability Health

8

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.
  • Each year in the past 5 years OLED had a positive operating cash flow.
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 0 50M 100M 150M 200M 250M

1.2 Ratios

  • Looking at the Return On Assets, with a value of 11.38%, OLED belongs to the top of the industry, outperforming 83.19% of the companies in the same industry.
  • OLED has a better Return On Equity (12.70%) than 76.99% of its industry peers.
  • OLED has a Return On Invested Capital of 10.45%. This is amongst the best in 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 10.66%.
Industry RankSector 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%
OLED Yearly ROA, ROE, ROICOLED Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

  • With an excellent Profit Margin value of 34.62%, OLED belongs to the best of the industry, outperforming 92.92% of the companies in the same industry.
  • OLED's Profit Margin has been stable in the last couple of years.
  • Looking at the Operating Margin, with a value of 36.54%, OLED belongs to the top of the industry, outperforming 94.69% of the companies in the same industry.
  • In the last couple of years the Operating Margin of OLED has remained more or less at the same level.
  • The Gross Margin of OLED (76.45%) is better than 95.58% of its industry peers.
  • In the last couple of years the Gross Margin of OLED has remained more or less at the same level.
Industry RankSector 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%
OLED Yearly Profit, Operating, Gross MarginsOLED Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60 80

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9

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.
  • Compared to 1 year ago, OLED has more shares outstanding
  • Compared to 5 years ago, OLED has about the same amount of shares outstanding.
  • 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 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 500M 1B 1.5B

2.2 Solvency

  • OLED has an Altman-Z score of 18.55. This indicates that OLED is financially healthy and has little risk of bankruptcy at the moment.
  • OLED has a better Altman-Z score (18.55) than 87.61% 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 RankSector Rank
Debt/Equity 0
Debt/FCF 0
Altman-Z 18.55
ROIC/WACC0.95
WACC11%
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 0 500M 1B 1.5B

2.3 Liquidity

  • A Current Ratio of 9.55 indicates that OLED has no problem at all paying its short term obligations.
  • Looking at the Current ratio, with a value of 9.55, OLED belongs to the top of the industry, outperforming 93.81% of the companies in the same industry.
  • 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 90.27% of its industry peers.
Industry RankSector Rank
Current Ratio 9.55
Quick Ratio 7.59
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 200M 400M 600M 800M

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6

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
  • 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

  • OLED is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 20.56% yearly.
  • 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

  • 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 stable: in the next years the growth will be about the same than in the last years.
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 500M 1B
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. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 25.22, the valuation of OLED can be described as expensive.
  • Based on the Price/Earnings ratio, OLED is valued cheaper than 84.96% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 28.18. OLED is around the same levels.
  • With a Price/Forward Earnings ratio of 21.01, OLED is valued on the expensive side.
  • Based on the Price/Forward Earnings ratio, OLED is valued cheaply inside the industry as 83.19% of the companies are valued more expensively.
  • The average S&P500 Price/Forward Earnings ratio is at 25.51. OLED is around the same levels.
Industry RankSector Rank
PE 25.22
Fwd PE 21.01
OLED Price Earnings VS Forward Price EarningsOLED Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, OLED is valued cheaper than 82.30% of the companies in the same industry.
  • 83.19% 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 34.48
EV/EBITDA 16.07
OLED Per share dataOLED EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

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.
  • 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)2.87
PEG (5Y)2.59
EPS Next 2Y9.45%
EPS Next 3Y12.23%

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6

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 1.54%, OLED has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 0.50, OLED pays a better dividend. On top of this OLED pays more dividend than 87.61% of the companies listed in the same industry.
  • OLED's Dividend Yield is comparable with the S&P500 average which is at 1.83.
Industry RankSector Rank
Dividend Yield 1.54%

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.
  • 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
OLED Yearly Dividends per shareOLED Yearly Dividends per shareYearly Dividends per share 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5

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%
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 0 50M 100M 150M 200M
OLED Dividend Payout.OLED Dividend Payout, showing the Payout Ratio.OLED Dividend Payout.PayoutRetained Earnings

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UNIVERSAL DISPLAY CORP

NASDAQ:OLED (2/4/2026, 1:38:22 PM)

117.03

-0.21 (-0.18%)

Chartmill FA Rating
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)11-06
Earnings (Next)02-19
Inst Owners84.9%
Inst Owner Change-1.01%
Ins Owners6.94%
Ins Owner Change-0.09%
Market Cap5.56B
Revenue(TTM)639.98M
Net Income(TTM)221.55M
Analysts81.18
Price Target169.87 (45.15%)
Short Float %3.86%
Short Ratio2.98
Dividend
Industry RankSector Rank
Dividend Yield 1.54%
Yearly Dividend1.61
Dividend Growth(5Y)32.14%
DP37.26%
Div Incr Years7
Div Non Decr Years7
Ex-DateN/A
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)-1.54%
PT rev (3m)-7.84%
EPS NQ rev (1m)0%
EPS NQ rev (3m)2.26%
EPS NY rev (1m)0.03%
EPS NY rev (3m)-4.8%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.09%
Revenue NY rev (1m)0.1%
Revenue NY rev (3m)-3.91%
Valuation
Industry RankSector Rank
PE 25.22
Fwd PE 21.01
P/S 8.69
P/FCF 34.48
P/OCF 25.95
P/B 3.19
P/tB 3.34
EV/EBITDA 16.07
EPS(TTM)4.64
EY3.96%
EPS(NY)5.57
Fwd EY4.76%
FCF(TTM)3.39
FCFY2.9%
OCF(TTM)4.51
OCFY3.85%
SpS13.46
BVpS36.7
TBVpS35
PEG (NY)2.87
PEG (5Y)2.59
Graham Number61.9
Profitability
Industry RankSector 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 RankSector 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 18.55
F-Score4
WACC11%
ROIC/WACC0.95
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 Y8.8%
EPS Next 2Y9.45%
EPS Next 3Y12.23%
EPS Next 5Y20.56%
Revenue 1Y (TTM)-20.89%
Revenue growth 3Y5.38%
Revenue growth 5Y9.83%
Sales Q2Q%-13.62%
Revenue Next Year2.47%
Revenue Next 2Y6.37%
Revenue Next 3Y9.02%
Revenue Next 5Y11.13%
EBIT growth 1Y-25.52%
EBIT growth 3Y1.61%
EBIT growth 5Y8.57%
EBIT Next Year22.04%
EBIT Next 3Y17.35%
EBIT Next 5Y15.83%
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.


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.