118.93 USD
+0.72 (+0.61%)
118.93 USD
0 (0%)
Taking everything into account, OLED scores 7 out of 10 in our fundamental rating. OLED was compared to 112 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. These ratings would make OLED suitable 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.
In the past 5 years OLED always reported a positive cash flow from operatings.
1.2 Ratios
With an excellent Return On Assets value of 11.38%, OLED belongs to the best of the industry, outperforming 85.71% of the companies in the same industry.
OLED has a better Return On Equity (12.70%) than 78.57% of its industry peers.
OLED's Return On Invested Capital of 10.45% is amongst the best of the industry. OLED outperforms 80.36% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for OLED is above the industry average of 10.76%.
| 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
Looking at the Profit Margin, with a value of 34.62%, OLED belongs to the top of the industry, outperforming 96.43% of the companies in the same industry.
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.
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 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
OLED has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
OLED has more shares outstanding than it did 1 year ago.
The number of shares outstanding for OLED remains at a similar level compared to 5 years ago.
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
An Altman-Z score of 18.79 indicates that OLED is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 18.79, OLED belongs to the top of the industry, outperforming 89.29% of the companies in the same industry.
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 | 18.79 |
ROIC/WACC0.98
WACC10.65%
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.
With an excellent Current ratio value of 9.55, OLED belongs to the best of the industry, outperforming 94.64% of the companies in the same industry.
OLED has a Quick Ratio of 7.59. This indicates that OLED is financially healthy and has no problem in meeting its short term obligations.
With an excellent Quick ratio value of 7.59, OLED belongs to the best of the industry, outperforming 91.07% 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.
Looking at the last year, OLED shows a very negative growth in Revenue. The Revenue has decreased by -20.89% in the last year.
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
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 Y14.28%
EPS Next 2Y13.31%
EPS Next 3Y16.85%
EPS Next 5Y20.56%
Revenue Next Year6.63%
Revenue Next 2Y8.76%
Revenue Next 3Y12.21%
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
Based on the Price/Earnings ratio of 25.63, the valuation of OLED can be described as expensive.
OLED's Price/Earnings ratio is rather cheap when compared to the industry. OLED is cheaper than 81.25% of the companies in the same industry.
OLED's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 26.31.
A Price/Forward Earnings ratio of 19.92 indicates a rather expensive valuation of OLED.
Based on the Price/Forward Earnings ratio, OLED is valued a bit cheaper than 76.79% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of OLED to the average of the S&P500 Index (36.59), we can say OLED is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.63 | ||
| Fwd PE | 19.92 |
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 77.68% of the companies listed in the same industry.
76.79% 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 | 35.04 | ||
| EV/EBITDA | 16.35 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
OLED has an outstanding profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as OLED's earnings are expected to grow with 16.85% in the coming years.
PEG (NY)1.79
PEG (5Y)2.63
EPS Next 2Y13.31%
EPS Next 3Y16.85%
5. Dividend
5.1 Amount
OLED has a Yearly Dividend Yield of 1.52%.
Compared to an average industry Dividend Yield of 2.25, OLED pays a better dividend. On top of this OLED pays more dividend than 84.82% of the companies listed in the same industry.
OLED's Dividend Yield is slightly below the S&P500 average, which is at 2.34.
| 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
37.26% of the earnings are spent on dividend by OLED. This is a low number and 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 2Y13.31%
EPS Next 3Y16.85%
118.93
+0.72 (+0.61%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners87.08%
Inst Owner Change-4.1%
Ins Owners6.93%
Ins Owner Change-0.03%
Market Cap5.65B
Revenue(TTM)639.98M
Net Income(TTM)221.55M
Analysts80
Price Target172.29 (44.87%)
Short Float %4.11%
Short Ratio2.71
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.52% |
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)-6.53%
PT rev (3m)-6.49%
EPS NQ rev (1m)2.77%
EPS NQ rev (3m)2.77%
EPS NY rev (1m)0%
EPS NY rev (3m)0.54%
Revenue NQ rev (1m)0.16%
Revenue NQ rev (3m)0.16%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.47%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.63 | ||
| Fwd PE | 19.92 | ||
| P/S | 8.83 | ||
| P/FCF | 35.04 | ||
| P/OCF | 26.37 | ||
| P/B | 3.24 | ||
| P/tB | 3.4 | ||
| EV/EBITDA | 16.35 |
EPS(TTM)4.64
EY3.9%
EPS(NY)5.97
Fwd EY5.02%
FCF(TTM)3.39
FCFY2.85%
OCF(TTM)4.51
OCFY3.79%
SpS13.46
BVpS36.7
TBVpS35
PEG (NY)1.79
PEG (5Y)2.63
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 | 18.79 |
F-Score4
WACC10.65%
ROIC/WACC0.98
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 Y14.28%
EPS Next 2Y13.31%
EPS Next 3Y16.85%
EPS Next 5Y20.56%
Revenue 1Y (TTM)-20.89%
Revenue growth 3Y5.38%
Revenue growth 5Y9.83%
Sales Q2Q%-13.62%
Revenue Next Year6.63%
Revenue Next 2Y8.76%
Revenue Next 3Y12.21%
Revenue Next 5Y17.1%
EBIT growth 1Y-25.52%
EBIT growth 3Y1.61%
EBIT growth 5Y8.57%
EBIT Next Year27.48%
EBIT Next 3Y20.35%
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 25.63 and the Price/Book (PB) ratio is 3.24.
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%.