UNIVERSAL DISPLAY CORP (OLED) Fundamental Analysis & Valuation
NASDAQ:OLED • US91347P1057
98.46 USD
+1.81 (+1.87%)
At close: Mar 11, 2026
98.46 USD
0 (0%)
After Hours: 3/11/2026, 8:17:58 PM
This OLED fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
We assign a fundamental rating of 7 out of 10 to OLED. OLED was compared to 115 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. This makes OLED very considerable for quality investing!
1. OLED Profitability Analysis
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.
- Each year in the past 5 years OLED had a positive operating cash flow.
1.2 Ratios
- Looking at the Return On Assets, with a value of 12.32%, OLED belongs to the top of the industry, outperforming 84.35% of the companies in the same industry.
- Looking at the Return On Equity, with a value of 13.74%, OLED is in the better half of the industry, outperforming 78.26% of the companies in the same industry.
- OLED's Return On Invested Capital of 10.97% is amongst the best of the industry. OLED outperforms 83.48% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for OLED is in line with the industry average of 10.52%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 12.32% | ||
| ROE | 13.74% | ||
| ROIC | 10.97% |
ROA(3y)12.17%
ROA(5y)12.52%
ROE(3y)13.8%
ROE(5y)14.88%
ROIC(3y)11.3%
ROIC(5y)12.82%
1.3 Margins
- OLED has a Profit Margin of 37.18%. This is amongst the best in the industry. OLED outperforms 96.52% of its industry peers.
- In the last couple of years the Profit Margin of OLED has grown nicely.
- Looking at the Operating Margin, with a value of 38.21%, OLED belongs to the top of the industry, outperforming 95.65% of the companies in the same industry.
- OLED's Operating Margin has been stable in the last couple of years.
- With an excellent Gross Margin value of 76.23%, OLED belongs to the best of the industry, outperforming 95.65% of the companies in the same industry.
- OLED's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 38.21% | ||
| PM (TTM) | 37.18% | ||
| GM | 76.23% |
OM growth 3Y-4.1%
OM growth 5Y0.8%
PM growth 3Y3.17%
PM growth 5Y3.79%
GM growth 3Y-1.23%
GM growth 5Y-0.32%
2. OLED Health Analysis
2.1 Basic Checks
- OLED has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
- Compared to 1 year ago, OLED has less shares outstanding
- Compared to 5 years ago, OLED has less 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 15.60. This indicates that OLED is financially healthy and has little risk of bankruptcy at the moment.
- Looking at the Altman-Z score, with a value of 15.60, OLED belongs to the top of the industry, outperforming 80.87% 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 | 15.6 |
ROIC/WACC0.96
WACC11.39%
2.3 Liquidity
- A Current Ratio of 10.06 indicates that OLED has no problem at all paying its short term obligations.
- The Current ratio of OLED (10.06) is better than 90.43% of its industry peers.
- OLED has a Quick Ratio of 7.83. This indicates that OLED is financially healthy and has no problem in meeting its short term obligations.
- The Quick ratio of OLED (7.83) is better than 88.70% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 10.06 | ||
| Quick Ratio | 7.83 |
3. OLED Growth Analysis
3.1 Past
- The Earnings Per Share has grown by an nice 9.03% over the past year.
- Measured over the past years, OLED shows a quite strong growth in Earnings Per Share. The EPS has been growing by 12.61% on average per year.
- Looking at the last year, OLED shows a very negative growth in Revenue. The Revenue has decreased by -19.97% in the last year.
- Measured over the past years, OLED shows a quite strong growth in Revenue. The Revenue has been growing by 8.69% on average per year.
EPS 1Y (TTM)9.03%
EPS 3Y4.84%
EPS 5Y12.61%
EPS Q2Q%44.79%
Revenue 1Y (TTM)-19.97%
Revenue growth 3Y1.81%
Revenue growth 5Y8.69%
Sales Q2Q%6.55%
3.2 Future
- OLED is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 19.55% yearly.
- Based on estimates for the next years, OLED will show a quite strong growth in Revenue. The Revenue will grow by 17.69% on average per year.
EPS Next Y-3.11%
EPS Next 2Y4.96%
EPS Next 3Y8.39%
EPS Next 5Y19.55%
Revenue Next Year5.19%
Revenue Next 2Y7.98%
Revenue Next 3Y7.57%
Revenue Next 5Y17.69%
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 accelerating: in the next years the growth will be better than in the last years.
4. OLED Valuation Analysis
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 19.42, OLED is valued on the expensive side.
- 89.57% of the companies in the same industry are more expensive than OLED, based on the Price/Earnings ratio.
- Compared to an average S&P500 Price/Earnings ratio of 26.15, OLED is valued a bit cheaper.
- With a Price/Forward Earnings ratio of 20.04, OLED is valued on the expensive side.
- Based on the Price/Forward Earnings ratio, OLED is valued cheaply inside the industry as 83.48% of the companies are valued more expensively.
- The average S&P500 Price/Forward Earnings ratio is at 24.27. OLED is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.42 | ||
| Fwd PE | 20.04 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, OLED is valued cheaper than 89.57% of the companies in the same industry.
- OLED's Price/Free Cash Flow ratio is rather cheap when compared to the industry. OLED is cheaper than 83.48% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 32.12 | ||
| EV/EBITDA | 11.81 |
4.3 Compensation for Growth
- The excellent profitability rating of OLED may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.54
EPS Next 2Y4.96%
EPS Next 3Y8.39%
5. OLED Dividend Analysis
5.1 Amount
- OLED has a Yearly Dividend Yield of 2.00%.
- Compared to an average industry Dividend Yield of 0.49, OLED pays a better dividend. On top of this OLED pays more dividend than 92.17% of the companies listed in the same industry.
- OLED's Dividend Yield is comparable with the S&P500 average which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2% |
5.2 History
- On average, the dividend of OLED grows each year by 24.77%, which is quite nice.
- OLED has been paying a dividend for at least 10 years, so it has a reliable track record.
- OLED has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)24.77%
Div Incr Years7
Div Non Decr Years7
5.3 Sustainability
- OLED pays out 35.36% of its income as dividend. This is a sustainable payout ratio.
- OLED's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP35.36%
EPS Next 2Y4.96%
EPS Next 3Y8.39%
OLED Fundamentals: All Metrics, Ratios and Statistics
98.46
+1.81 (+1.87%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)02-19 2026-02-19/amc
Earnings (Next)04-29 2026-04-29
Inst Owners87.1%
Inst Owner Change1.27%
Ins Owners7.09%
Ins Owner Change0.78%
Market Cap4.64B
Revenue(TTM)650.61M
Net Income(TTM)241.92M
Analysts81.18
Price Target159.37 (61.86%)
Short Float %6.24%
Short Ratio3.67
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2% |
Yearly Dividend1.81
Dividend Growth(5Y)24.77%
DP35.36%
Div Incr Years7
Div Non Decr Years7
Ex-Date03-17 2026-03-17 (0.5)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-9.41%
Min EPS beat(2)-25.53%
Max EPS beat(2)6.71%
EPS beat(4)3
Avg EPS beat(4)5.39%
Min EPS beat(4)-25.53%
Max EPS beat(4)21.2%
EPS beat(8)5
Avg EPS beat(8)3.49%
EPS beat(12)8
Avg EPS beat(12)6.55%
EPS beat(16)11
Avg EPS beat(16)7.48%
Revenue beat(2)0
Avg Revenue beat(2)-9.28%
Min Revenue beat(2)-16.62%
Max Revenue beat(2)-1.94%
Revenue beat(4)2
Avg Revenue beat(4)-2.34%
Min Revenue beat(4)-16.62%
Max Revenue beat(4)4.74%
Revenue beat(8)4
Avg Revenue beat(8)-0.3%
Revenue beat(12)5
Avg Revenue beat(12)-0.61%
Revenue beat(16)8
Avg Revenue beat(16)0.06%
PT rev (1m)-5.04%
PT rev (3m)-7.63%
EPS NQ rev (1m)-9.45%
EPS NQ rev (3m)-9.35%
EPS NY rev (1m)-11.55%
EPS NY rev (3m)-12.22%
Revenue NQ rev (1m)-4.54%
Revenue NQ rev (3m)-4.54%
Revenue NY rev (1m)-4.58%
Revenue NY rev (3m)-5.07%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.42 | ||
| Fwd PE | 20.04 | ||
| P/S | 7.13 | ||
| P/FCF | 32.12 | ||
| P/OCF | 22 | ||
| P/B | 2.63 | ||
| P/tB | 2.75 | ||
| EV/EBITDA | 11.81 |
EPS(TTM)5.07
EY5.15%
EPS(NY)4.91
Fwd EY4.99%
FCF(TTM)3.06
FCFY3.11%
OCF(TTM)4.48
OCFY4.55%
SpS13.81
BVpS37.39
TBVpS35.77
PEG (NY)N/A
PEG (5Y)1.54
Graham Number65.31
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 12.32% | ||
| ROE | 13.74% | ||
| ROCE | 13.4% | ||
| ROIC | 10.97% | ||
| ROICexc | 16.24% | ||
| ROICexgc | 17.29% | ||
| OM | 38.21% | ||
| PM (TTM) | 37.18% | ||
| GM | 76.23% | ||
| FCFM | 22.19% |
ROA(3y)12.17%
ROA(5y)12.52%
ROE(3y)13.8%
ROE(5y)14.88%
ROIC(3y)11.3%
ROIC(5y)12.82%
ROICexc(3y)16.5%
ROICexc(5y)21.29%
ROICexgc(3y)18%
ROICexgc(5y)23.46%
ROCE(3y)13.8%
ROCE(5y)15.66%
ROICexgc growth 3Y-15.71%
ROICexgc growth 5Y-17.92%
ROICexc growth 3Y-15.26%
ROICexc growth 5Y-13.97%
OM growth 3Y-4.1%
OM growth 5Y0.8%
PM growth 3Y3.17%
PM growth 5Y3.79%
GM growth 3Y-1.23%
GM growth 5Y-0.32%
F-Score5
Asset Turnover0.33
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 142.68% | ||
| Cap/Sales | 10.22% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 71.43% | ||
| Profit Quality | 59.67% | ||
| Current Ratio | 10.06 | ||
| Quick Ratio | 7.83 | ||
| Altman-Z | 15.6 |
F-Score5
WACC11.39%
ROIC/WACC0.96
Cap/Depr(3y)176.8%
Cap/Depr(5y)149.16%
Cap/Sales(3y)12.91%
Cap/Sales(5y)10.85%
Profit Quality(3y)56.34%
Profit Quality(5y)57.54%
High Growth Momentum
Growth
EPS 1Y (TTM)9.03%
EPS 3Y4.84%
EPS 5Y12.61%
EPS Q2Q%44.79%
EPS Next Y-3.11%
EPS Next 2Y4.96%
EPS Next 3Y8.39%
EPS Next 5Y19.55%
Revenue 1Y (TTM)-19.97%
Revenue growth 3Y1.81%
Revenue growth 5Y8.69%
Sales Q2Q%6.55%
Revenue Next Year5.19%
Revenue Next 2Y7.98%
Revenue Next 3Y7.57%
Revenue Next 5Y17.69%
EBIT growth 1Y-17.6%
EBIT growth 3Y-2.37%
EBIT growth 5Y9.56%
EBIT Next Year19.21%
EBIT Next 3Y15.08%
EBIT Next 5Y19.1%
FCF growth 1Y-31.62%
FCF growth 3Y21.95%
FCF growth 5Y3.64%
OCF growth 1Y-16.91%
OCF growth 3Y18.47%
OCF growth 5Y7.22%
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 decline by -3.11% in the next year.