UNIVERSAL DISPLAY CORP (OLED) Stock Fundamental Analysis
NASDAQ:OLED - US91347P1057 - Common Stock
146.705 USD
+1.32 (+0.9%)
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. Both the health and profitability get an excellent rating, making OLED a very profitable company, without any liquidiy or solvency issues. OLED is showing excellent growth while it is valued at reasonable prices. Keep and eye on this one! These ratings could make OLED a good candidate 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.
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
OLED has a Return On Assets of 12.65%. This is amongst the best in the industry. OLED outperforms 85.71% of its industry peers.
Looking at the Return On Equity, with a value of 14.25%, OLED belongs to the top of the industry, outperforming 80.36% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 11.73%, OLED belongs to the top of the industry, outperforming 83.04% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for OLED is above the industry average of 10.76%.
| 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
OLED has a Profit Margin of 36.90%. This is amongst the best in the industry. OLED outperforms 95.54% 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 Operating Margin of 38.93%. This is amongst the best in the industry. OLED outperforms 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.
With an excellent Gross Margin value of 77.19%, OLED belongs to the best of the industry, outperforming 96.43% 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 | 38.93% | ||
| 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
OLED has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
The number of shares outstanding for OLED has been increased compared to 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 21.35. 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 21.35, OLED belongs to the top of the industry, outperforming 91.07% of the companies in the same industry.
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 | 21.35 |
ROIC/WACC1.03
WACC11.43%
2.3 Liquidity
A Current Ratio of 8.05 indicates that OLED has no problem at all paying 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.
OLED's Quick ratio of 6.39 is amongst the best of the industry. OLED outperforms 88.39% of its industry peers.
| 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.
The Earnings Per Share has been growing by 9.75% on average over the past years. This is quite good.
OLED shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -16.04%.
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)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
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 Y13.67%
EPS Next 2Y13.34%
EPS Next 3Y16.78%
EPS Next 5Y20.56%
Revenue Next Year6.14%
Revenue Next 2Y8.29%
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
Based on the Price/Earnings ratio of 28.65, the valuation of OLED can be described as expensive.
Compared to the rest of the industry, the Price/Earnings ratio of OLED indicates a somewhat cheap valuation: OLED is cheaper than 68.75% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 27.02. OLED is around the same levels.
A Price/Forward Earnings ratio of 24.56 indicates a rather expensive valuation of OLED.
Based on the Price/Forward Earnings ratio, OLED is valued a bit cheaper than 64.29% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.66, OLED is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.65 | ||
| Fwd PE | 24.56 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, OLED is valued a bit cheaper than 70.54% of the companies 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 66.07% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 48.68 | ||
| EV/EBITDA | 19.92 |
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.
OLED's earnings are expected to grow with 16.78% in the coming years. This may justify a more expensive valuation.
PEG (NY)2.1
PEG (5Y)2.94
EPS Next 2Y13.34%
EPS Next 3Y16.78%
5. Dividend
5.1 Amount
OLED has a Yearly Dividend Yield of 1.24%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 2.35, OLED pays a better dividend. On top of this OLED pays more dividend than 83.04% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.45, OLED's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.24% |
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
OLED pays out 32.87% 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.
DP32.87%
EPS Next 2Y13.34%
EPS Next 3Y16.78%
NASDAQ:OLED (9/8/2025, 12:20:29 PM)
146.705
+1.32 (+0.9%)
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 Cap6.97B
Analysts80
Price Target184.26 (25.6%)
Short Float %3.82%
Short Ratio3.33
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.24% |
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%
PT rev (3m)2.54%
EPS NQ rev (1m)-0.05%
EPS NQ rev (3m)-5.96%
EPS NY rev (1m)3.28%
EPS NY rev (3m)4.02%
Revenue NQ rev (1m)-0.65%
Revenue NQ rev (3m)-4.9%
Revenue NY rev (1m)0.48%
Revenue NY rev (3m)0.5%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.65 | ||
| Fwd PE | 24.56 | ||
| P/S | 10.53 | ||
| P/FCF | 48.68 | ||
| P/OCF | 35.38 | ||
| P/B | 4.07 | ||
| P/tB | 4.28 | ||
| EV/EBITDA | 19.92 |
EPS(TTM)5.12
EY3.49%
EPS(NY)5.97
Fwd EY4.07%
FCF(TTM)3.01
FCFY2.05%
OCF(TTM)4.15
OCFY2.83%
SpS13.93
BVpS36.07
TBVpS34.28
PEG (NY)2.1
PEG (5Y)2.94
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 | 21.35 |
F-Score5
WACC11.43%
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 Year6.14%
Revenue Next 2Y8.29%
Revenue Next 3Y12.21%
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%