117.02 USD
+2.48 (+2.17%)
117.02 USD
0 (0%)
We assign a fundamental rating of 7 out of 10 to OLED. OLED was compared to 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 has a correct valuation and a medium growth rate. These ratings could make OLED a good candidate for 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.
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
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.
Looking at the Return On Equity, with a value of 12.70%, OLED is in the better half of the industry, outperforming 78.57% of the companies in the same industry.
OLED has a better Return On Invested Capital (10.45%) than 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 10.75%.
| 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 better Profit Margin (34.62%) than 96.43% of its industry peers.
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 93.75% 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.
OLED has a better Gross Margin (76.45%) 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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so OLED is still creating some value.
Compared to 1 year ago, OLED has more shares outstanding
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
An Altman-Z score of 18.52 indicates that OLED is not in any danger for bankruptcy at the moment.
OLED has a Altman-Z score of 18.52. This is amongst the best in the industry. OLED outperforms 91.07% 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 | 18.52 |
ROIC/WACC0.98
WACC10.65%
2.3 Liquidity
A Current Ratio of 9.55 indicates that OLED has no problem at all paying its short term obligations.
OLED has a Current ratio of 9.55. This is amongst the best in the industry. OLED outperforms 94.64% of its industry peers.
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.
OLED has a Quick ratio of 7.59. This is amongst the best in the industry. OLED outperforms 91.07% of its industry peers.
| 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%.
Measured over the past years, OLED shows a quite strong growth in Earnings Per Share. The EPS has been growing by 9.75% on average per year.
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
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 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
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.
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
The Price/Earnings ratio is 25.22, which means the current valuation is very expensive for OLED.
Based on the Price/Earnings ratio, OLED is valued cheaply inside the industry as 82.14% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of OLED to the average of the S&P500 Index (25.98), we can say OLED is valued inline with the index average.
The Price/Forward Earnings ratio is 19.60, which indicates a rather expensive current valuation of OLED.
Based on the Price/Forward Earnings ratio, OLED is valued a bit cheaper than the industry average as 76.79% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of OLED to the average of the S&P500 Index (35.79), we can say OLED is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.22 | ||
| Fwd PE | 19.6 |
4.2 Price Multiples
76.79% of the companies in the same industry are more expensive than OLED, based on the Enterprise Value to EBITDA ratio.
OLED's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. OLED is cheaper than 75.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 34.47 | ||
| EV/EBITDA | 16.03 |
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.
OLED's earnings are expected to grow with 16.85% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.77
PEG (5Y)2.59
EPS Next 2Y13.31%
EPS Next 3Y16.85%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.66%, OLED has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 2.35, OLED pays a better dividend. On top of this OLED pays more dividend than 85.71% of the companies listed in the same industry.
Compared to the average S&P500 Dividend Yield of 2.41, OLED is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.66% |
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.
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%
117.02
+2.48 (+2.17%)
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 Cap5.56B
Revenue(TTM)639.98M
Net Income(TTM)221.55M
Analysts80
Price Target172.29 (47.23%)
Short Float %4.11%
Short Ratio2.71
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.66% |
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 | 25.22 | ||
| Fwd PE | 19.6 | ||
| P/S | 8.69 | ||
| P/FCF | 34.47 | ||
| P/OCF | 25.94 | ||
| P/B | 3.19 | ||
| P/tB | 3.34 | ||
| EV/EBITDA | 16.03 |
EPS(TTM)4.64
EY3.97%
EPS(NY)5.97
Fwd EY5.1%
FCF(TTM)3.39
FCFY2.9%
OCF(TTM)4.51
OCFY3.85%
SpS13.46
BVpS36.71
TBVpS35.01
PEG (NY)1.77
PEG (5Y)2.59
Graham Number61.91
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 | 18.52 |
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 25.22 and the Price/Book (PB) ratio is 3.19.
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%.