121.3 USD
-0.16 (-0.13%)
121.3 USD
0 (0%)
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. Both the health and profitability get an excellent rating, making OLED a very profitable company, without any liquidiy or solvency issues. OLED has a decent growth rate and is not valued too expensively. With these ratings, OLED could be worth investigating further 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.
In the past 5 years OLED has always been profitable.
In the past 5 years OLED always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 11.38%, OLED belongs to the top of the industry, outperforming 83.93% 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 76.79% of the companies in the same industry.
With an excellent Return On Invested Capital value of 10.45%, OLED belongs to the best of the industry, outperforming 80.36% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for OLED is above the industry average of 10.82%.
| 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 94.64% of its industry peers.
In the last couple of years the Profit Margin of OLED has remained more or less at the same level.
OLED has a better Operating Margin (36.54%) than 93.75% of its industry peers.
OLED's Operating Margin has been stable in the last couple of years.
The Gross Margin of OLED (76.45%) is better 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 | 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.
OLED has about the same amout of shares outstanding than it did 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
OLED has an Altman-Z score of 19.12. This indicates that OLED is financially healthy and has little risk of bankruptcy at the moment.
With an excellent Altman-Z score value of 19.12, OLED belongs to the best of the industry, outperforming 87.50% 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 | 19.12 |
ROIC/WACC1
WACC10.46%
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.
Looking at the Current ratio, with a value of 9.55, OLED belongs to the top of the industry, outperforming 94.64% 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.
OLED's Quick ratio of 7.59 is amongst the best of the industry. OLED outperforms 90.18% 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.
OLED shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -20.89%.
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
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 Y8.77%
EPS Next 2Y9.71%
EPS Next 3Y12.42%
EPS Next 5Y20.56%
Revenue Next Year2.37%
Revenue Next 2Y6.55%
Revenue Next 3Y9.42%
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
The Price/Earnings ratio is 26.14, which means the current valuation is very expensive for OLED.
82.14% of the companies in the same industry are more expensive than OLED, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of OLED to the average of the S&P500 Index (26.49), we can say OLED is valued inline with the index average.
Based on the Price/Forward Earnings ratio of 21.67, the valuation of OLED can be described as rather expensive.
Based on the Price/Forward Earnings ratio, OLED is valued a bit cheaper than the industry average as 79.46% of the companies are valued more expensively.
OLED is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 23.69, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.14 | ||
| Fwd PE | 21.67 |
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.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of OLED indicates a somewhat cheap valuation: OLED is cheaper than 78.57% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 35.74 | ||
| EV/EBITDA | 16.76 |
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.
A more expensive valuation may be justified as OLED's earnings are expected to grow with 12.42% in the coming years.
PEG (NY)2.98
PEG (5Y)2.68
EPS Next 2Y9.71%
EPS Next 3Y12.42%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.48%, OLED has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 2.09, 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 2.31, OLED is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.48% |
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 2Y9.71%
EPS Next 3Y12.42%
121.3
-0.16 (-0.13%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners84.68%
Inst Owner Change-4.1%
Ins Owners6.94%
Ins Owner Change-0.03%
Market Cap5.77B
Revenue(TTM)639.98M
Net Income(TTM)221.55M
Analysts81.18
Price Target172.53 (42.23%)
Short Float %3.67%
Short Ratio2.77
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.48% |
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)-6.4%
PT rev (3m)-6.37%
EPS NQ rev (1m)1.05%
EPS NQ rev (3m)2.26%
EPS NY rev (1m)-4.82%
EPS NY rev (3m)-4.31%
Revenue NQ rev (1m)-0.38%
Revenue NQ rev (3m)0.09%
Revenue NY rev (1m)-4%
Revenue NY rev (3m)-3.55%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.14 | ||
| Fwd PE | 21.67 | ||
| P/S | 9.01 | ||
| P/FCF | 35.74 | ||
| P/OCF | 26.9 | ||
| P/B | 3.31 | ||
| P/tB | 3.47 | ||
| EV/EBITDA | 16.76 |
EPS(TTM)4.64
EY3.83%
EPS(NY)5.6
Fwd EY4.61%
FCF(TTM)3.39
FCFY2.8%
OCF(TTM)4.51
OCFY3.72%
SpS13.46
BVpS36.7
TBVpS35
PEG (NY)2.98
PEG (5Y)2.68
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 | 19.12 |
F-Score4
WACC10.46%
ROIC/WACC1
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 Y8.77%
EPS Next 2Y9.71%
EPS Next 3Y12.42%
EPS Next 5Y20.56%
Revenue 1Y (TTM)-20.89%
Revenue growth 3Y5.38%
Revenue growth 5Y9.83%
Sales Q2Q%-13.62%
Revenue Next Year2.37%
Revenue Next 2Y6.55%
Revenue Next 3Y9.42%
Revenue Next 5Y17.1%
EBIT growth 1Y-25.52%
EBIT growth 3Y1.61%
EBIT growth 5Y8.57%
EBIT Next Year22.37%
EBIT Next 3Y17.14%
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 26.14 and the Price/Book (PB) ratio is 3.31.
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%.