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OLED

Universal DisplayNasdaqGS:OLED Stock Report

Market Cap

US$7.1b

7D

2.9%

1Y

-36.7%

Updated

07 Dec, 2021

Data

Company Financials +
OLED fundamental analysis
Snowflake Score
Valuation2/6
Future Growth5/6
Past Performance5/6
Financial Health6/6
Dividends0/6

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 Competitors

Sony Group

TSE:6758

JP¥17.0t

MERCK Kommanditgesellschaft auf Aktien

XTRA:MRK

€94.0b

Samsung SDI

KOSE:A006400

₩46.2t

Idemitsu KosanLtd

TSE:5019

JP¥872.9b

Price History & Performance

Summary of all time highs, changes and price drops for Universal Display
Historical stock prices
Current Share PriceUS$150.44
52 Week HighUS$262.77
52 Week LowUS$139.83
Beta1.36
1 Month Change-13.71%
3 Month Change-26.72%
1 Year Change-36.68%
3 Year Change57.84%
5 Year Change158.49%
Change since IPO2,835.42%

Recent News & Updates

Nov 29
At US$144, Is Universal Display Corporation (NASDAQ:OLED) Worth Looking At Closely?

At US$144, Is Universal Display Corporation (NASDAQ:OLED) Worth Looking At Closely?

While Universal Display Corporation ( NASDAQ:OLED ) might not be the most widely known stock at the moment, it saw...

Nov 17
Should You Be Adding Universal Display (NASDAQ:OLED) To Your Watchlist Today?

Should You Be Adding Universal Display (NASDAQ:OLED) To Your Watchlist Today?

Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...

Nov 08

Universal Display Corporation: Glowing Technology With Beaming Financials

With reduced energy usage and improved user health, OLED technology is set to overshadow legacy LED screens in the near future. Universal Display Corp’s wholly-owned subsidiary, OJVP Corp., is looking to utilize a solventless approach to advance the production of commercial displays. Universal Display Corporation reported rather impressive Q3 record figures, building upon the strong finances previously established. With no debt and significant cash holdings, the company can continue expansion while incurring minimal risk.

Oct 11
Calculating The Fair Value Of Universal Display Corporation (NASDAQ:OLED)

Calculating 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
7D2.9%-5.0%-2.6%
1Y-36.7%44.2%17.8%

Return vs Industry: OLED underperformed the US Semiconductor industry which returned 45% over the past year.

Return vs Market: OLED underperformed the US Market which returned 16.5% over the past year.

Price Volatility

Is OLED's price volatile compared to industry and market?
OLED volatility
OLED Average Weekly Movement4.5%
Semiconductor Industry Average Movement6.5%
Market Average Movement6.2%
10% most volatile stocks in US Market14.8%
10% least volatile stocks in US Market2.4%

Stable Share Price: OLED is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: OLED's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1985350Steve 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. As of February 18, 2021, it owned, exclusively licenses, or had sole rights to sublicense approximately 5,000 issued and pending patents worldwide. The company licenses and supplies its proprietary UniversalPHOLED materials to display and lighting manufacturers, and others.

Universal Display Fundamentals Summary

How do Universal Display's earnings and revenue compare to its market cap?
OLED fundamental statistics
Market CapUS$7.09b
Earnings (TTM)US$190.99m
Revenue (TTM)US$548.82m

37.1x

P/E Ratio

12.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
OLED income statement (TTM)
RevenueUS$548.82m
Cost of RevenueUS$121.14m
Gross ProfitUS$427.69m
ExpensesUS$236.69m
EarningsUS$190.99m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)4.05
Gross Margin77.93%
Net Profit Margin34.80%
Debt/Equity Ratio0%

How did OLED perform over the long term?

See historical performance and comparison

Dividends

0.5%

Current Dividend Yield

19%

Payout Ratio

Does OLED pay a reliable dividends?

See OLED dividend history and benchmarks
When do you need to buy OLED by to receive an upcoming dividend?
Universal Display dividend dates
Ex Dividend DateDec 15 2021
Dividend Pay DateDec 30 2021
Days until Ex dividend8 days
Days until Dividend pay date23 days

Does OLED pay a reliable dividends?

See OLED dividend history and benchmarks

Valuation

Is Universal Display undervalued compared to its fair value and its price relative to the market?

23.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: OLED ($150.44) is trading below our estimate of fair value ($197.57)

Significantly Below Fair Value: OLED is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: OLED is poor value based on its PE Ratio (37.1x) compared to the US Semiconductor industry average (29.2x).

PE vs Market: OLED is poor value based on its PE Ratio (37.1x) compared to the US market (16.8x).


Price to Earnings Growth Ratio

PEG Ratio: OLED is poor value based on its PEG Ratio (1.5x)


Price to Book Ratio

PB vs Industry: OLED is overvalued based on its PB Ratio (6.8x) compared to the US Semiconductor industry average (4.5x).


Future Growth

How is Universal Display forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?

24.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: OLED's forecast earnings growth (24.5% per year) is above the savings rate (2%).

Earnings vs Market: OLED's earnings (24.5% per year) are forecast to grow faster than the US market (13.8% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: OLED's revenue (18.2% per year) is forecast to grow faster than the US market (9.8% per year).

High Growth Revenue: OLED's revenue (18.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: OLED's Return on Equity is forecast to be high in 3 years time (21.5%)


Past Performance

How has Universal Display performed over the past 5 years?

22.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: OLED has high quality earnings.

Growing Profit Margin: OLED's current net profit margins (34.8%) are higher than last year (27%).


Past Earnings Growth Analysis

Earnings Trend: OLED's earnings have grown significantly by 22.4% per year over the past 5 years.

Accelerating Growth: OLED's earnings growth over the past year (81.7%) exceeds its 5-year average (22.4% per year).

Earnings vs Industry: OLED earnings growth over the past year (81.7%) exceeded the Semiconductor industry 79.6%.


Return on Equity

High ROE: OLED's Return on Equity (18.6%) is considered low.


Financial Health

How is Universal Display's financial position?


Financial Position Analysis

Short Term Liabilities: OLED's short term assets ($1.1B) exceed its short term liabilities ($180.3M).

Long Term Liabilities: OLED's short term assets ($1.1B) exceed its long term liabilities ($212.0M).


Debt to Equity History and Analysis

Debt Level: OLED is debt free.

Reducing Debt: OLED has not had any debt for past 5 years.

Debt Coverage: OLED has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: OLED has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Universal Display current dividend yield, its reliability and sustainability?

0.53%

Current Dividend Yield


Upcoming Dividend Payment

TodayDec 07 2021Ex Dividend DateDec 15 2021Dividend Pay DateDec 30 202115 days from Ex DividendBuy in the next 8 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: OLED's dividend (0.53%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.35%).

High Dividend: OLED's dividend (0.53%) is low compared to the top 25% of dividend payers in the US market (3.62%).


Stability and Growth of Payments

Stable Dividend: OLED is not paying a notable dividend for the US market, therefore no need to check if payments are stable.

Growing Dividend: OLED is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: OLED is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of OLED's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

19.5yrs

Average management tenure


CEO

Steve Abramson (69 yo)

25.58yrs

Tenure

US$18,246,271

Compensation

Mr. Steven V. Abramson, also known as Steve, has been the Chief Executive Officer and President of Universal Display Corporation since December 2007 and May 1996 respectively. Mr. Abramson served as the Pr...


CEO Compensation Analysis

Compensation vs Market: Steve's total compensation ($USD18.25M) is above average for companies of similar size in the US market ($USD6.35M).

Compensation vs Earnings: Steve's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: OLED's management team is seasoned and experienced (19.5 years average tenure).


Board Members

Experienced Board: OLED's board of directors are seasoned and experienced ( 22.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Universal Display Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: Universal Display Corporation
  • Ticker: OLED
  • Exchange: NasdaqGS
  • Founded: 1985
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: US$7.090b
  • Shares outstanding: 47.13m
  • Website: https://oled.com

Number of Employees


Location

  • Universal Display Corporation
  • 375 Phillips Boulevard
  • Ewing
  • New Jersey
  • 8618
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/12/07 00:21
End of Day Share Price2021/12/06 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.