| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 3/6 |
| Past Performance | 2/6 |
| Financial Health | 6/6 |
| Dividends | 2/6 |
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.
Rewards
Risk Analysis
No risks detected for OLED from our risk checks.
Universal Display Corporation Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$116.75 |
| 52 Week High | US$211.99 |
| 52 Week Low | US$98.71 |
| Beta | 1.46 |
| 1 Month Change | 7.50% |
| 3 Month Change | 0.15% |
| 1 Year Change | -42.93% |
| 3 Year Change | -45.54% |
| 5 Year Change | 4.47% |
| Change since IPO | 2,178.05% |
Recent News & Updates
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.
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
| OLED | US Semiconductor | US Market | |
|---|---|---|---|
| 7D | 1.5% | 0.1% | 1.1% |
| 1Y | -42.9% | -9.7% | -13.0% |
Return vs Industry: OLED underperformed the US Semiconductor industry which returned -9.7% over the past year.
Return vs Market: OLED underperformed the US Market which returned -13% over the past year.
Price Volatility
| OLED volatility | |
|---|---|
| OLED Average Weekly Movement | 7.3% |
| Semiconductor Industry Average Movement | 8.4% |
| Market Average Movement | 7.9% |
| 10% most volatile stocks in US Market | 17.1% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: OLED is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: OLED's weekly volatility (7%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1985 | 413 | Steve Abramson | https://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
| OLED fundamental statistics | |
|---|---|
| Market Cap | US$5.51b |
| Earnings (TTM) | US$182.37m |
| Revenue (TTM) | US$576.90m |
30.2x
P/E Ratio9.6x
P/S RatioIs OLED overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| OLED income statement (TTM) | |
|---|---|
| Revenue | US$576.90m |
| Cost of Revenue | US$133.46m |
| Gross Profit | US$443.43m |
| Other Expenses | US$261.07m |
| Earnings | US$182.37m |
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | 3.86 |
| Gross Margin | 76.87% |
| Net Profit Margin | 31.61% |
| Debt/Equity Ratio | 0% |
How did OLED perform over the long term?
See historical performance and comparisonDividends
1.0%
Current Dividend Yield26%
Payout RatioDoes OLED pay a reliable dividends?
See OLED dividend history and benchmarks| Universal Display dividend dates | |
|---|---|
| Ex Dividend Date | Sep 15 2022 |
| Dividend Pay Date | Sep 30 2022 |
| Days until Ex dividend | 36 days |
| Days until Dividend pay date | 51 days |
Does OLED pay a reliable dividends?
See OLED dividend history and benchmarks