UNIVERSAL DISPLAY CORP (OLED) Stock Fundamental Analysis
USA - NASDAQ:OLED - US91347P1057 - Common Stock
140.21 USD
+3.77 (+2.76%)
141 USD
+0.79 (+0.56%)
OLED gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals 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 showing excellent growth while it is valued at reasonable prices. Keep and eye on this one! 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.
In the past 5 years OLED has always been profitable.
Each year in the past 5 years OLED had a positive operating cash flow.
1.2 Ratios
With an excellent Return On Assets value of 12.65%, OLED belongs to the best of the industry, outperforming 84.82% of the companies in the same industry.
Looking at the Return On Equity, with a value of 14.25%, OLED is in the better half of the industry, outperforming 79.46% of the companies in the same industry.
OLED has a better Return On Invested Capital (11.73%) than 83.04% of its industry peers.
The Average Return On Invested Capital over the past 3 years for OLED is above the industry average of 10.87%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 12.65% | ||
| ROE | 14.25% | ||
| ROIC | 11.73% |
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
With an excellent Profit Margin value of 36.90%, OLED belongs to the best of the industry, outperforming 95.54% of the companies in the same industry.
OLED's Profit Margin has been stable in the last couple of years.
OLED has a better Operating Margin (38.93%) than 95.54% of its industry peers.
In the last couple of years the Operating Margin of OLED has remained more or less at the same level.
OLED has a better Gross Margin (77.19%) than 96.43% 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 Rank | Sector Rank | ||
|---|---|---|---|
| OM | 38.93% | ||
| PM (TTM) | 36.9% | ||
| GM | 77.19% |
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.
OLED has more shares outstanding than it did 1 year ago.
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.
2.2 Solvency
OLED has an Altman-Z score of 20.00. This indicates that OLED is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of OLED (20.00) is better than 89.29% 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 | 20 |
ROIC/WACC1.03
WACC11.36%
2.3 Liquidity
OLED has a Current Ratio of 8.05. This indicates that OLED is financially healthy and has no problem in meeting its short term obligations.
OLED has a better Current ratio (8.05) than 88.39% of its industry peers.
OLED has a Quick Ratio of 6.39. This indicates that OLED is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 6.39, OLED belongs to the top of the industry, outperforming 88.39% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 8.05 | ||
| Quick Ratio | 6.39 |
3. Growth
3.1 Past
OLED shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 9.87%, which is quite good.
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 -16.04% 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)9.87%
EPS 3Y6.4%
EPS 5Y9.75%
EPS Q2Q%28.18%
Revenue 1Y (TTM)-16.04%
Revenue growth 3Y5.38%
Revenue growth 5Y9.83%
Sales Q2Q%8.38%
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 17.10% yearly.
EPS Next Y13.67%
EPS Next 2Y13.34%
EPS Next 3Y16.78%
EPS Next 5Y20.56%
Revenue Next Year6.15%
Revenue Next 2Y8.37%
Revenue Next 3Y12.15%
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.
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
OLED is valuated quite expensively with a Price/Earnings ratio of 27.38.
Based on the Price/Earnings ratio, OLED is valued a bit cheaper than the industry average as 75.89% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of OLED to the average of the S&P500 Index (27.41), we can say OLED is valued inline with the index average.
Based on the Price/Forward Earnings ratio of 23.47, the valuation of OLED can be described as rather expensive.
Compared to the rest of the industry, the Price/Forward Earnings ratio of OLED indicates a somewhat cheap valuation: OLED is cheaper than 69.64% of the companies listed in the same industry.
OLED's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 22.88.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.38 | ||
| Fwd PE | 23.47 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of OLED indicates a somewhat cheap valuation: OLED is cheaper than 72.32% of the companies listed 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 66.96% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 46.53 | ||
| EV/EBITDA | 18.3 |
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 16.78% in the coming years.
PEG (NY)2
PEG (5Y)2.81
EPS Next 2Y13.34%
EPS Next 3Y16.78%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.30%, OLED has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 2.31, OLED pays a better dividend. On top of this OLED pays more dividend than 83.04% of the companies listed in the same industry.
With a Dividend Yield of 1.30, OLED pays less dividend than the S&P500 average, which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.3% |
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 32.87% 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.
DP32.87%
EPS Next 2Y13.34%
EPS Next 3Y16.78%
140.21
+3.77 (+2.76%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners86.49%
Inst Owner Change0.78%
Ins Owners6.95%
Ins Owner Change0.06%
Market Cap6.66B
Analysts80
Price Target184.33 (31.47%)
Short Float %4.08%
Short Ratio3.39
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.3% |
Yearly Dividend1.61
Dividend Growth(5Y)32.14%
DP32.87%
Div Incr Years7
Div Non Decr Years7
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)20.19%
Min EPS beat(2)19.17%
Max EPS beat(2)21.2%
EPS beat(4)3
Avg EPS beat(4)11.17%
Min EPS beat(4)-11.27%
Max EPS beat(4)21.2%
EPS beat(8)6
Avg EPS beat(8)7.69%
EPS beat(12)9
Avg EPS beat(12)12.55%
EPS beat(16)10
Avg EPS beat(16)7.53%
Revenue beat(2)2
Avg Revenue beat(2)4.59%
Min Revenue beat(2)4.45%
Max Revenue beat(2)4.74%
Revenue beat(4)3
Avg Revenue beat(4)2.81%
Min Revenue beat(4)-4%
Max Revenue beat(4)6.06%
Revenue beat(8)4
Avg Revenue beat(8)0.67%
Revenue beat(12)7
Avg Revenue beat(12)2.4%
Revenue beat(16)8
Avg Revenue beat(16)0.98%
PT rev (1m)0.04%
PT rev (3m)2.58%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-3.42%
EPS NY rev (1m)3.28%
EPS NY rev (3m)4.02%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.76%
Revenue NY rev (1m)0.49%
Revenue NY rev (3m)0.51%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.38 | ||
| Fwd PE | 23.47 | ||
| P/S | 10.07 | ||
| P/FCF | 46.53 | ||
| P/OCF | 33.82 | ||
| P/B | 3.89 | ||
| P/tB | 4.09 | ||
| EV/EBITDA | 18.3 |
EPS(TTM)5.12
EY3.65%
EPS(NY)5.97
Fwd EY4.26%
FCF(TTM)3.01
FCFY2.15%
OCF(TTM)4.15
OCFY2.96%
SpS13.93
BVpS36.07
TBVpS34.28
PEG (NY)2
PEG (5Y)2.81
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 12.65% | ||
| ROE | 14.25% | ||
| ROCE | 14.27% | ||
| ROIC | 11.73% | ||
| ROICexc | 16.54% | ||
| ROICexgc | 17.72% | ||
| OM | 38.93% | ||
| PM (TTM) | 36.9% | ||
| GM | 77.19% | ||
| FCFM | 21.64% |
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%
ROICexcg growth 3Y-20.27%
ROICexcg 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-Score5
Asset Turnover0.34
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 121.13% | ||
| Cap/Sales | 8.13% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 65.22% | ||
| Profit Quality | 58.63% | ||
| Current Ratio | 8.05 | ||
| Quick Ratio | 6.39 | ||
| Altman-Z | 20 |
F-Score5
WACC11.36%
ROIC/WACC1.03
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)9.87%
EPS 3Y6.4%
EPS 5Y9.75%
EPS Q2Q%28.18%
EPS Next Y13.67%
EPS Next 2Y13.34%
EPS Next 3Y16.78%
EPS Next 5Y20.56%
Revenue 1Y (TTM)-16.04%
Revenue growth 3Y5.38%
Revenue growth 5Y9.83%
Sales Q2Q%8.38%
Revenue Next Year6.15%
Revenue Next 2Y8.37%
Revenue Next 3Y12.15%
Revenue Next 5Y17.1%
EBIT growth 1Y-12.74%
EBIT growth 3Y1.61%
EBIT growth 5Y8.57%
EBIT Next Year27.44%
EBIT Next 3Y20.77%
EBIT Next 5YN/A
FCF growth 1Y778.82%
FCF growth 3Y12.69%
FCF growth 5Y5.26%
OCF growth 1Y100.89%
OCF growth 3Y9.91%
OCF growth 5Y5.53%