Universal Display Corporation

DB:UVD Stock Report

Market Cap: €6.9b

Universal Display Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • 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 UVD when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
€118.37
Fair Value
20.7% overvalued intrinsic discount
10
Number of Analysts

Below Fair Value: UVD (€142.9) is trading above our estimate of fair value (€118.37)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for UVD. This is calculated by dividing UVD's market cap by their current earnings.
What is UVD's PE Ratio?
PE Ratio29.8x
EarningsUS$237.30m
Market CapUS$7.08b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for UVD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average16.5x
IFX Infineon Technologies
25.2x16.7%€44.2b
ELG Elmos Semiconductor
12.8x3.9%€1.3b
WAF Siltronic
14x-45.1%€1.3b
AIXA AIXTRON
13.9x0.2%€1.6b
UVD Universal Display
29.8x9.9%€7.1b

Price-To-Earnings vs Peers: UVD is expensive based on its Price-To-Earnings Ratio (29.8x) compared to the peer average (16.5x).

Price to Earnings Ratio vs Industry

How does UVD's PE Ratio compare vs other companies in the European Semiconductor Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
UVD 29.8xIndustry Avg. 17.4xNo. of Companies5PE01632486480+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: UVD is expensive based on its Price-To-Earnings Ratio (29.8x) compared to the European Semiconductor industry average (17.4x).

Price to Earnings Ratio vs Fair Ratio

What is UVD'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.

UVD PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio29.8x
Fair PE Ratio17.6x

Price-To-Earnings vs Fair Ratio: UVD is expensive based on its Price-To-Earnings Ratio (29.8x) compared to the estimated Fair Price-To-Earnings Ratio (17.6x).

Analyst Price Targets

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

The above table shows the analyst UVD forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€142.90
€206.51
+44.5%
12.9%€253.01€160.56n/a10
Jan ’26€143.10
€204.61
+43.0%
12.2%€246.69€156.55n/a11
Dec ’25€152.00
€204.61
+34.6%
12.2%€246.69€156.55n/a11
Nov ’25€166.35
€201.90
+21.4%
11.1%€239.04€151.70n/a10
Oct ’25€186.85
€204.61
+9.5%
10.5%€232.31€156.36n/a10
Sep ’25€170.85
€204.61
+19.8%
10.5%€232.31€156.36n/a10
Aug ’25€204.30
€201.50
-1.4%
14.5%€237.74€155.45n/a11
Jul ’25€193.75
€194.68
+0.5%
13.7%€242.61€158.63n/a11
Jun ’25€160.70
€185.86
+15.7%
12.7%€241.51€156.06n/a11
May ’25€150.65
€186.18
+23.6%
12.2%€242.94€156.98n/a12
Apr ’25€154.40
€186.49
+20.8%
11.6%€239.93€156.88n/a11
Mar ’25€162.40
€185.16
+14.0%
12.0%€239.62€156.67n/a11
Feb ’25€157.00
€178.35
+13.6%
12.7%€229.73€151.62n/a11
Jan ’25€173.60
€166.67
-4.0%
15.7%€229.00€136.03€143.1012
Dec ’24€154.20
€156.04
+1.2%
6.8%€172.53€138.49€152.0011
Nov ’24€131.00
€164.03
+25.2%
8.2%€185.49€140.54€166.3511
Oct ’24€147.00
€162.40
+10.5%
8.0%€182.36€139.56€186.8511
Sep ’24€149.40
€160.43
+7.4%
7.9%€178.83€136.86€170.8512
Aug ’24€131.40
€146.95
+11.8%
11.0%€173.24€123.09€204.3012
Jul ’24€129.80
€142.96
+10.1%
13.9%€172.50€103.05€193.7512
Jun ’24€137.00
€142.96
+4.3%
13.9%€172.50€103.05€160.7012
May ’24€120.00
€143.22
+19.3%
14.1%€174.10€103.46€150.6512
Apr ’24€142.75
€143.32
+0.4%
13.6%€176.08€104.64€154.4012
Mar ’24€127.70
€144.04
+12.8%
11.9%€181.05€107.59€162.4012
Feb ’24€120.90
€131.41
+8.7%
15.4%€176.29€104.76€157.0012
Jan ’24€100.30
€128.93
+28.5%
20.2%€179.75€77.17€173.6011
Analyst Price Target
Consensus Narrative from 10 Analysts
€203.21
Fair Value
29.7% undervalued intrinsic discount
10
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/19 03:04
End of Day Share Price 2025/01/17 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Universal Display Corporation is covered by 27 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Nam Hyung KimArete Research Services LLP
John BrightAvondale Partners
Ishan MajumdarBaptista Research