Universal Display Valuation

Q: What is the Fair Price of O2LE34 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

O2LE34 (R$55.44) is trading above our estimate of [[fair value]] (R$51)

Is O2LE34 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of O2LE34 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: O2LE34 (R$55.44) is trading above our estimate of fair value (R$51)

Significantly Below Fair Value: O2LE34 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for O2LE34?

Key metric: As O2LE34 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for O2LE34. This is calculated by dividing O2LE34's market cap by their current earnings.
What is O2LE34's PE Ratio?
PE Ratio	31.8x
Earnings	US$237.30m
Market Cap	US$7.55b

O2LE34 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	10.9x
Enterprise Value/EBITDA	23.7x
PEG Ratio	2.2x

Price to Earnings Ratio vs Peers

How does O2LE34's PE Ratio compare to its peers?

The above table shows the PE ratio for O2LE34 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	86.2x
600703 Sanan OptoelectronicsLtd	135.4x	62.4%	CN¥60.6b
002049 Unigroup Guoxin Microelectronics	36.2x	27.9%	CN¥55.1b
688396 China Resources Microelectronics	68.9x	30.2%	CN¥63.3b
688249 Nexchip Semiconductor	104.3x	43.4%	CN¥48.4b
O2LE34 Universal Display	31.8x	14.3%	R$7.6b

Price-To-Earnings vs Peers: O2LE34 is good value based on its Price-To-Earnings Ratio (31.8x) compared to the peer average (86.2x).

Price to Earnings Ratio vs Industry

How does O2LE34's PE Ratio compare vs other companies in the Global Semiconductor Industry?

12 Companies	Price / Earnings	Estimated Growth	Market Cap

12 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: O2LE34 is good value based on its Price-To-Earnings Ratio (31.8x) compared to the Global Semiconductor industry average (33.4x).

Price to Earnings Ratio vs Fair Ratio

What is O2LE34's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

O2LE34 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	31.8x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate O2LE34's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.