118.21 USD
+1.19 (+1.02%)
118.21 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 has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. OLED has a correct valuation and a medium growth rate. These ratings would make OLED suitable for quality investing!
1. Profitability
1.1 Basic Checks
In the past year OLED was profitable.
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
Looking at the Return On Assets, with a value of 11.38%, OLED belongs to the top of the industry, outperforming 85.71% of the companies in the same industry.
OLED has a Return On Equity of 12.70%. This is in the better half of the industry: OLED outperforms 78.57% of its industry peers.
OLED has a better Return On Invested Capital (10.45%) than 80.36% of its industry peers.
OLED had an Average Return On Invested Capital over the past 3 years of 12.91%. This 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
With an excellent Profit Margin value of 34.62%, OLED belongs to the best of the industry, outperforming 96.43% of the companies in the same industry.
In the last couple of years the Profit Margin of OLED has remained more or less at the same level.
OLED's Operating Margin of 36.54% is amongst the best of the industry. OLED outperforms 93.75% of its industry peers.
OLED's Operating Margin has been stable in the last couple of years.
With an excellent Gross Margin value of 76.45%, 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 | 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.
OLED has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, OLED has about the same amount of shares outstanding.
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 18.68. This indicates that OLED is financially healthy and has little risk of bankruptcy at the moment.
OLED has a Altman-Z score of 18.68. This is amongst the best in the industry. OLED outperforms 90.18% of its industry peers.
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 | 18.68 |
ROIC/WACC0.98
WACC10.63%
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 better Current ratio (9.55) than 94.64% of its industry peers.
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 91.07% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 9.55 | ||
| Quick Ratio | 7.59 |
3. Growth
3.1 Past
The earnings per share for OLED have decreased by -6.83% in the last year.
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.
The Revenue has been growing by 9.83% on average over the past years. This is quite good.
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.
The Revenue is expected to grow by 17.10% on average over the next years. This is quite good.
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
OLED is valuated quite expensively with a Price/Earnings ratio of 25.48.
Compared to the rest of the industry, the Price/Earnings ratio of OLED indicates a rather cheap valuation: OLED is cheaper than 82.14% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of OLED to the average of the S&P500 Index (26.15), we can say OLED is valued inline with the index average.
With a Price/Forward Earnings ratio of 19.80, OLED is valued on the expensive side.
76.79% of the companies in the same industry are more expensive than OLED, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 36.12. OLED is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.48 | ||
| Fwd PE | 19.8 |
4.2 Price Multiples
OLED's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. OLED is cheaper than 76.79% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, OLED is valued a bit cheaper than 75.89% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 34.83 | ||
| EV/EBITDA | 16.23 |
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)1.78
PEG (5Y)2.61
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 2.33, OLED pays a better dividend. On top of this OLED pays more dividend than 85.71% of the companies listed in the same industry.
OLED's Dividend Yield is slightly below the S&P500 average, which is at 2.41.
| 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.
OLED's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP37.26%
EPS Next 2Y13.31%
EPS Next 3Y16.85%
118.21
+1.19 (+1.02%)
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 Cap5.62B
Revenue(TTM)639.98M
Net Income(TTM)221.55M
Analysts80
Price Target172.29 (45.75%)
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 | 25.48 | ||
| Fwd PE | 19.8 | ||
| P/S | 8.78 | ||
| P/FCF | 34.83 | ||
| P/OCF | 26.21 | ||
| P/B | 3.22 | ||
| P/tB | 3.38 | ||
| EV/EBITDA | 16.23 |
EPS(TTM)4.64
EY3.93%
EPS(NY)5.97
Fwd EY5.05%
FCF(TTM)3.39
FCFY2.87%
OCF(TTM)4.51
OCFY3.82%
SpS13.46
BVpS36.71
TBVpS35.01
PEG (NY)1.78
PEG (5Y)2.61
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 | 18.68 |
F-Score4
WACC10.63%
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 25.48 and the Price/Book (PB) ratio is 3.22.
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%.