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OLED

Universal Display NasdaqGS:OLED Stock Report

Last Price

US$97.13

Market Cap

US$4.6b

7D

0.7%

1Y

-41.5%

Updated

03 Oct, 2022

Data

Company Financials +
OLED fundamental analysis
Snowflake Score
Valuation1/6
Future Growth3/6
Past Performance2/6
Financial Health6/6
Dividends2/6

OLED Stock Overview

Universal Display Corporation engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials for use in display and solid-state lighting applications.

Universal Display Corporation Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Universal Display
Historical stock prices
Current Share PriceUS$97.13
52 Week HighUS$188.57
52 Week LowUS$94.12
Beta1.46
1 Month Change-8.88%
3 Month Change-7.61%
1 Year Change-41.45%
3 Year Change-41.15%
5 Year Change-25.46%
Change since IPO1,795.22%

Recent News & Updates

Aug 09

Universal Display: A Recession Buy On Its Bright Future

OLED recently downgraded revenue estimates in light of the economic uncertainties. The company looks set to benefit from strong tailwinds in key high growth industries. The company has no major internal concerns and looks to be a straightforward buy. Universal Display Corporation (OLED) is a New Jersey-based developer of OLED technology or organic light emitting diodes. The company is best known for supplying key display technology to many of the mobile devices we use on a daily basis. The company owns over 5,500 patents and currently has a market capitalization of $5.7 billion. The recent market volatility has brought this stock down to multi-year lows, which presents investors with a rare opportunity. Company Profile Universal Display Corporation owns several patented technologies that compose its core product and service offerings. Its Flexible OLEDs or FOLEDs are novel technology that allow for a flexible and stronger screen on devices. While this technology is still in its infancy, they are already being incorporated into screens of new smart devices, albeit with minimal flexibility from the user's perspective. The new line of foldable smartphones from Samsung has incorporated this technology. Oled Presentation The White OLEDs or WOLEDs are revolutionizing the lighting industry. These OLEDs have the potential to reach an energy efficiency that far surpasses standard light bulbs, which have the equivalent of about 12 lumens per watt of usage. WOLEDs can potentially offer an efficiency of up to 150 lumens per watt, significantly decreasing the 15% of global energy consumption that lighting accounts for. Perhaps most promising is the company's Universal PHOLED Materials segment, which uses phosphorescent OLED materials, which account for much lower energy consumption. PHOLEDs are up to four times more energy efficient than fluorescent OLEDs, and have several benefits for both the consumer and the manufacturer. PHOLEDs provide higher vibrancy in color presentation, have record-breaking energy efficiency performance, and offer much longer operating lifetimes than traditional fluorescent OLEDs. Not only is this the core product offering from the brand, but it has helped to strengthen the sustainability of the company's footprint. Company Outlook OLED's second quarter 2022 revenue was $136.6 million, and operating profit was $53.3 million, with net income of $41.5 million and earnings of $0.87 per diluted share. The second quarter started off on a solid note. OLED's customers have lowered their expectations as the summer approaches, given the downward trend in forecasts and revisions due to the hawkish Fed and supply chain challenges with China. This caused the company to lower its 2022 revenue forecasts to approximately $600 million. The near-term headwinds are expected to continue weighing on the economy and impact consumer spending, but long-term trends and the firm's robust pipeline continue to improve. As the OLED industry continues to evolve and expand, all major industry roadmaps remain promising, and there is every sign growth will continue on the other side of the Fed tightening. Recent reports are revealing that Samsung, LG Display, DOE, Tianma, China Star, and Vision RX are all looking into new investment plans. This new surge in capacity is expected to be beneficial for the OLED industry. Panel manufacturers are working on new technologies in addition to their capital investment plans. This includes LTP for backplanes and tandem OLED-material structures for OLED TVs. This is consistent with increasing digital adoption trends globally. Universal Display Corporation has also partnered with the juggernauts of the tech industry. Its technology is found in the latest models of smartphones and smartwatches from both Samsung and Apple (AAPL). In larger products, OLED's materials are used in high-definition smart televisions for LG, Sony Bravia (SONY), and Samsung, while it is also found in the laptop screens for Samsung, Lenovo, and Asus. Finally, its OLED products are also powering the screens for the Nintendo Switch platform and the touchscreen dashboard systems for both the passenger and driver in the all-new Mercedes EQS luxury sedan. The stage is being set for the market's next growth phase. In the face of recent economic uncertainties, consumer demand is expected to be restrained in the near future. Today there are many expanding panel manufacturers entering commercial large and medium area OLED production, with an increasing number of companies investing in the manufacture of OLED products. Valuation and Forward-Looking Commentary OLED was a high-flying tech company in recent memory, but the hikes by the fed rewrote the valuation story across the board for tech companies. The result is high-quality companies like OLED trading at remarkably low multiples relative to historical levels. Investors will argue that this alone should be enough to indicate value at current levels, but OLED offers even more with affiliation with high-growth markets that are being fueled by secular growth trends. We can see that the stock is currently trading at the low end of its historical range for many of the key valuation multiples.

Aug 08
A Look At The Fair Value Of Universal Display Corporation (NASDAQ:OLED)

A Look At The Fair Value Of Universal Display Corporation (NASDAQ:OLED)

Today we will run through one way of estimating the intrinsic value of Universal Display Corporation ( NASDAQ:OLED ) by...

Shareholder Returns

OLEDUS SemiconductorUS Market
7D0.7%-3.9%-2.5%
1Y-41.5%-28.9%-23.2%

Return vs Industry: OLED underperformed the US Semiconductor industry which returned -28.9% over the past year.

Return vs Market: OLED underperformed the US Market which returned -23.2% over the past year.

Price Volatility

Is OLED's price volatile compared to industry and market?
OLED volatility
OLED Average Weekly Movement6.3%
Semiconductor Industry Average Movement7.8%
Market Average Movement6.8%
10% most volatile stocks in US Market15.5%
10% least volatile stocks in US Market2.8%

Stable Share Price: OLED is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: OLED's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1985413Steve Abramsonhttps://oled.com

Universal Display Corporation engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials for use in display and solid-state lighting applications. It owns, exclusively licenses, or has sole rights to sublicense approximately 5,500 issued and pending patents worldwide. The company supplies its proprietary UniversalPHOLED materials to display and lighting manufacturers, and others.

Universal Display Corporation Fundamentals Summary

How do Universal Display's earnings and revenue compare to its market cap?
OLED fundamental statistics
Market CapUS$4.59b
Earnings (TTM)US$182.37m
Revenue (TTM)US$576.90m

25.2x

P/E Ratio

8.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
OLED income statement (TTM)
RevenueUS$576.90m
Cost of RevenueUS$133.46m
Gross ProfitUS$443.43m
Other ExpensesUS$261.07m
EarningsUS$182.37m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)3.86
Gross Margin76.87%
Net Profit Margin31.61%
Debt/Equity Ratio0%

How did OLED perform over the long term?

See historical performance and comparison

Dividends

1.2%

Current Dividend Yield

26%

Payout Ratio