Universal Display Corporation

NasdaqGS:OLED Stock Report

Market Cap: US$6.9b

Universal Display Valuation

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

Valuation Score

3/6

Valuation Score 3/6

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

Discounted Cash Flow
Simply Wall St
US$119.37
Fair Value
20.7% overvalued intrinsic discount
10
Number of Analysts

Below Fair Value: OLED ($144.08) is trading above our estimate of fair value ($119.37)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for OLED. This is calculated by dividing OLED's market cap by their current earnings.
What is OLED's PE Ratio?
PE Ratio28.8x
EarningsUS$237.30m
Market CapUS$6.92b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for OLED vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average34.3x
LSCC Lattice Semiconductor
52.1x9.2%US$7.6b
RMBS Rambus
39.9x18.1%US$7.2b
CRUS Cirrus Logic
18.2x5.4%US$5.8b
TSEM Tower Semiconductor
26.8x11.4%US$5.6b
OLED Universal Display
28.8x9.9%US$6.9b

Price-To-Earnings vs Peers: OLED is good value based on its Price-To-Earnings Ratio (28.8x) compared to the peer average (34.3x).

Price to Earnings Ratio vs Industry

How does OLED's PE Ratio compare vs other companies in the US Semiconductor Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
TOYO TOYO
4.7xn/aUS$142.60m
SQNS Sequans Communications
1.9x-156.5%US$82.23m
SODI Solitron Devices
4.6xn/aUS$31.46m
CHJI China Changjiang Mining & New Energy Company
0.3xn/aUS$19.39k
No more companies available in this PE range
OLED 28.8xIndustry Avg. 34.3xNo. of Companies7PE020406080100+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: OLED is good value based on its Price-To-Earnings Ratio (28.8x) compared to the US Semiconductor industry average (34.3x).

Price to Earnings Ratio vs Fair Ratio

What is OLED'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.

OLED PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio28.8x
Fair PE Ratio22.7x

Price-To-Earnings vs Fair Ratio: OLED is expensive based on its Price-To-Earnings Ratio (28.8x) compared to the estimated Fair Price-To-Earnings Ratio (22.7x).

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 OLED forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$144.08
US$209.12
+45.1%
12.7%US$260.00US$165.00n/a10
Jan ’26US$146.20
US$215.66
+47.5%
12.2%US$260.00US$165.00n/a11
Dec ’25US$164.52
US$215.66
+31.1%
12.2%US$260.00US$165.00n/a11
Nov ’25US$180.25
US$219.60
+21.8%
11.1%US$260.00US$165.00n/a10
Oct ’25US$203.37
US$229.00
+12.6%
10.5%US$260.00US$175.00n/a10
Sep ’25US$193.72
US$229.00
+18.2%
10.5%US$260.00US$175.00n/a10
Aug ’25US$212.67
US$220.36
+3.6%
14.5%US$260.00US$170.00n/a11
Jul ’25US$208.61
US$208.64
+0.01%
13.7%US$260.00US$170.00n/a11
Jun ’25US$175.70
US$200.09
+13.9%
12.7%US$260.00US$168.00n/a11
May ’25US$152.66
US$199.25
+30.5%
12.2%US$260.00US$168.00n/a12
Apr ’25US$166.43
US$202.09
+21.4%
11.6%US$260.00US$170.00n/a11
Mar ’25US$174.68
US$200.91
+15.0%
12.0%US$260.00US$170.00n/a11
Feb ’25US$171.03
US$194.09
+13.5%
12.7%US$250.00US$165.00US$149.9211
Jan ’25US$191.26
US$181.96
-4.9%
15.7%US$250.00US$148.50US$146.2012
Dec ’24US$176.35
US$167.32
-5.1%
6.8%US$185.00US$148.50US$164.5211
Nov ’24US$137.08
US$173.32
+26.4%
8.2%US$196.00US$148.50US$180.2511
Oct ’24US$156.99
US$174.55
+11.2%
8.0%US$196.00US$150.00US$203.3711
Sep ’24US$164.14
US$175.83
+7.1%
7.9%US$196.00US$150.00US$193.7212
Aug ’24US$143.66
US$161.17
+12.2%
11.0%US$190.00US$135.00US$212.6712
Jul ’24US$144.13
US$157.46
+9.2%
13.9%US$190.00US$113.50US$208.6112
Jun ’24US$147.65
US$157.46
+6.6%
13.9%US$190.00US$113.50US$175.7012
May ’24US$133.65
US$157.13
+17.6%
14.1%US$191.00US$113.50US$152.6612
Apr ’24US$155.13
US$155.46
+0.2%
13.6%US$191.00US$113.50US$166.4312
Mar ’24US$139.15
US$151.96
+9.2%
11.9%US$191.00US$113.50US$174.6812
Feb ’24US$135.84
US$142.38
+4.8%
15.4%US$191.00US$113.50US$171.0312
Analyst Price Target
Consensus Narrative from 10 Analysts
US$209.12
Fair Value
31.1% 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 Analysis2025/02/06 06:44
End of Day Share Price 2025/02/06 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.

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 Github.

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