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Universal Display

Nasdaq:OLED
Snowflake Description

Flawless balance sheet with high growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
OLED
Nasdaq
$5B
Market Cap
  1. Home
  2. US
  3. Semiconductors
Company description

Universal Display Corporation engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials for use in flat panel displays and solid-state lighting applications. The last earnings update was 82 days ago. More info.


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  • Universal Display has significant price volatility in the past 3 months.
OLED Share Price and Events
7 Day Returns
-1.9%
NasdaqGS:OLED
2.9%
US Semiconductor
3.2%
US Market
1 Year Returns
-50.3%
NasdaqGS:OLED
-13.1%
US Semiconductor
-6.5%
US Market
OLED Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Universal Display (OLED) -1.9% 9.4% -5.7% -50.3% 103.9% 199%
US Semiconductor 2.9% 12.5% 1.1% -13.1% 94.5% 127.4%
US Market 3.2% 11.4% -1.4% -6.5% 42.1% 41.6%
1 Year Return vs Industry and Market
  • OLED underperformed the Semiconductor industry which returned -13.1% over the past year.
  • OLED underperformed the Market in United States of America which returned -6.5% over the past year.
Price Volatility
OLED
Industry
5yr Volatility vs Market

OLED Value

 Is Universal Display undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Universal Display to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Universal Display.

NasdaqGS:OLED Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 10 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.9%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:OLED
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 7.3%
Semiconductor Unlevered Beta Simply Wall St/ S&P Global 1.12
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.121 (1 + (1- 21%) (0%))
1.121
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.12
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.121 * 7.27%)
10.88%

Discounted Cash Flow Calculation for NasdaqGS:OLED using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Universal Display is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqGS:OLED DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (USD, Millions) 119.10 212.80 245.64 283.54 327.29
Source Analyst x2 Analyst x1 Est @ 15.43% Est @ 15.43% Est @ 15.43%
Present Value
Discounted (@ 10.88%)
107.41 173.08 180.18 187.57 195.26
Present value of next 5 years cash flows $843.50
NasdaqGS:OLED DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= $327.29 × (1 + 2.73%) ÷ (10.88% – 2.73%)
$4,124.12
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= $4,124.12 ÷ (1 + 10.88%)5
$2,460.44
NasdaqGS:OLED Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= $843.50 + $2,460.44
$3,303.94
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $3,303.94 / 47.10
$70.15
NasdaqGS:OLED Discount to Share Price
Calculation Result
Value per share (USD) From above. $70.15
Current discount Discount to share price of $94.17
= -1 x ($94.17 - $70.15) / $70.15
-34.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Universal Display is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Universal Display's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Universal Display's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:OLED PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in USD $1.53
NasdaqGS:OLED Share Price ** NasdaqGS (2019-01-22) in USD $94.17
United States of America Semiconductor Industry PE Ratio Median Figure of 65 Publicly-Listed Semiconductor Companies 18.62x
United States of America Market PE Ratio Median Figure of 3,026 Publicly-Listed Companies 17.11x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Universal Display.

NasdaqGS:OLED PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:OLED Share Price ÷ EPS (both in USD)

= 94.17 ÷ 1.53

61.72x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Universal Display is overvalued based on earnings compared to the US Semiconductor industry average.
  • Universal Display is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Universal Display's expected growth come at a high price?
Raw Data
NasdaqGS:OLED PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 61.72x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
30.4%per year
United States of America Semiconductor Industry PEG Ratio Median Figure of 61 Publicly-Listed Semiconductor Companies 1.1x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.29x

*Line of best fit is calculated by linear regression .

NasdaqGS:OLED PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 61.72x ÷ 30.4%

2.03x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Universal Display is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Universal Display's assets?
Raw Data
NasdaqGS:OLED PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in USD $14.28
NasdaqGS:OLED Share Price * NasdaqGS (2019-01-22) in USD $94.17
United States of America Semiconductor Industry PB Ratio Median Figure of 105 Publicly-Listed Semiconductor Companies 2.36x
United States of America Market PB Ratio Median Figure of 5,101 Publicly-Listed Companies 1.77x
NasdaqGS:OLED PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:OLED Share Price ÷ Book Value per Share (both in USD)

= 94.17 ÷ 14.28

6.6x

* Primary Listing of Universal Display.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Universal Display is overvalued based on assets compared to the US Semiconductor industry average.
X
Value checks
We assess Universal Display's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Semiconductor industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Semiconductor industry average (and greater than 0)? (1 check)
  5. Universal Display has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

OLED Future Performance

 How is Universal Display expected to perform in the next 1 to 3 years based on estimates from 10 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
30.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Universal Display expected to grow at an attractive rate?
  • Universal Display's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Universal Display's earnings growth is expected to exceed the United States of America market average.
  • Universal Display's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:OLED Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:OLED Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts 30.4%
NasdaqGS:OLED Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts 20.2%
United States of America Semiconductor Industry Earnings Growth Rate Market Cap Weighted Average 5.2%
United States of America Semiconductor Industry Revenue Growth Rate Market Cap Weighted Average 5.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.6%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:OLED Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:OLED Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 812 324 1
2022-12-31 614 277 2
2021-12-31 512 226 2
2020-12-31 460 219 182 6
2019-12-31 353 137 117 10
2018-12-31 251 148 55 2
NasdaqGS:OLED Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-09-30 293 157 71
2018-06-30 277 127 62
2018-03-31 324 171 98
2017-12-31 336 133 102
2017-09-30 294 111 95
2017-06-30 263 101 80
2017-03-31 225 82 56
2016-12-31 199 80 47
2016-09-30 187 73 40
2016-06-30 196 75 49
2016-03-31 190 67 15
2015-12-31 191 114 15

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Universal Display's earnings are expected to grow significantly at over 20% yearly.
  • Universal Display's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:OLED Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below

All data from Universal Display Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:OLED Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 6.43 6.43 6.43 1.00
2022-12-31 4.69 5.58 3.80 2.00
2021-12-31 3.73 4.61 2.85 2.00
2020-12-31 3.54 4.05 2.15 5.00
2019-12-31 2.40 3.05 1.60 7.00
2018-12-31 1.16 1.25 1.04 8.00
NasdaqGS:OLED Past Financials Data
Date (Data in USD Millions) EPS *
2018-09-30 1.53
2018-06-30 1.33
2018-03-31 2.09
2017-12-31 2.19
2017-09-30 2.05
2017-06-30 1.73
2017-03-31 1.20
2016-12-31 1.02
2016-09-30 0.85
2016-06-30 1.03
2016-03-31 0.32
2015-12-31 0.31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Universal Display is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Universal Display's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Universal Display has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

OLED Past Performance

  How has Universal Display performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Universal Display's growth in the last year to its industry (Semiconductor).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Universal Display's year on year earnings growth rate has been positive over the past 5 years.
  • Universal Display's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Universal Display's 1-year earnings growth is negative, it can't be compared to the US Semiconductor industry average.
Earnings and Revenue History
Universal Display's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Universal Display Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:OLED Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 293.14 71.43 49.67 53.97
2018-06-30 277.27 62.22 49.25 51.95
2018-03-31 323.64 97.95 47.52 49.68
2017-12-31 335.63 102.25 46.81 49.14
2017-09-30 294.34 95.01 41.76 45.28
2017-06-30 262.87 80.20 38.17 43.80
2017-03-31 224.75 55.59 35.93 44.09
2016-12-31 198.89 47.34 32.52 42.74
2016-09-30 186.62 40.20 30.93 76.20
2016-06-30 195.83 48.72 30.07 66.09
2016-03-31 189.53 15.14 29.51 55.12
2015-12-31 191.05 14.54 29.05 44.64
2015-09-30 184.91 9.72 29.05
2015-06-30 178.38 6.95 28.41
2015-03-31 184.42 39.15 27.91
2014-12-31 191.03 41.80 28.14 41.15
2014-09-30 184.34 86.61 26.40
2014-06-30 184.27 87.87 26.21
2014-03-31 169.50 82.83 26.00
2013-12-31 146.64 74.05 24.75
2013-09-30 125.29 21.55 22.71
2013-06-30 104.97 10.54 21.57
2013-03-31 85.60 6.12 20.41
2012-12-31 83.24 9.66 19.55
2012-09-30 73.77 10.01 20.38
2012-06-30 83.04 21.47 20.06
2012-03-31 64.31 13.82 19.38

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Universal Display has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Universal Display used its assets less efficiently than the US Semiconductor industry average last year based on Return on Assets.
  • Universal Display has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Universal Display's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Semiconductor industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Universal Display has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

OLED Health

 How is Universal Display's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Universal Display's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Universal Display is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Universal Display's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Universal Display's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Universal Display has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Universal Display Company Filings, last reported 3 months ago.

NasdaqGS:OLED Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 675.51 0.00 493.61
2018-06-30 650.68 0.00 457.43
2018-03-31 642.65 0.00 457.26
2017-12-31 659.05 0.00 420.29
2017-09-30 623.01 0.00 365.44
2017-06-30 607.81 0.00 365.56
2017-03-31 565.15 0.00 324.98
2016-12-31 528.47 0.00 328.01
2016-09-30 495.82 0.00 285.87
2016-06-30 493.92 0.00 316.21
2016-03-31 470.90 0.00 379.59
2015-12-31 466.77 0.00 395.49
2015-09-30 451.46 0.00 361.55
2015-06-30 440.94 0.00 356.24
2015-03-31 449.40 0.00 328.53
2014-12-31 448.74 0.00 288.51
2014-09-30 439.78 0.00 268.36
2014-06-30 448.40 0.00 290.89
2014-03-31 433.00 0.00 266.92
2013-12-31 427.69 0.00 272.61
2013-09-30 365.45 0.00 248.28
2013-06-30 357.31 0.00 244.69
2013-03-31 339.68 0.00 220.85
2012-12-31 350.24 0.00 243.94
2012-09-30 348.86 0.00 238.78
2012-06-30 352.89 0.00 350.02
2012-03-31 339.91 0.00 338.58
  • Universal Display has no debt.
  • Universal Display has not taken on any debt in the past 5 years.
  • Universal Display has no debt, it does not need to be covered by operating cash flow.
  • Universal Display has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Universal Display's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Universal Display has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

OLED Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.25%
Current annual income from Universal Display dividends. Estimated to be 0.31% next year.
If you bought $2,000 of Universal Display shares you are expected to receive $5 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Universal Display's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.46%).
  • Universal Display's dividend is below the markets top 25% of dividend payers in United States of America (3.7%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:OLED Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
United States of America Semiconductor Industry Average Dividend Yield Market Cap Weighted Average of 32 Stocks 2.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1986 Stocks 2.6%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.9%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:OLED Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31 0.32 4.00
2019-12-31 0.27 4.00
2018-12-31 0.24 4.00
NasdaqGS:OLED Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2018-11-01 0.240 0.259
2018-08-09 0.240 0.204
2018-05-03 0.240 0.252
2018-02-22 0.240 0.225
2017-11-02 0.120 0.070
2017-08-03 0.120 0.095
2017-05-04 0.120 0.103
2017-02-23 0.120 0.142

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Universal Display is not paying a notable dividend for United States of America, therefore no need to check if the payments are stable.
  • Universal Display is not paying a notable dividend for United States of America, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Universal Display's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Universal Display's dividends as it is not paying a notable one for United States of America.
Future Payout to shareholders
  • No need to calculate the sustainability of Universal Display's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Universal Display's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Universal Display afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Universal Display has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

OLED Management

 What is the CEO of Universal Display's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Steve Abramson
COMPENSATION $4,848,806
AGE 66
TENURE AS CEO 11 years
CEO Bio

Mr. Steven V. Abramson, also known as Steve, has been the Chief Executive Officer and President of Universal Display Corporation since January 2008 and May 1996 respectively. Mr. Abramson served as the Chief Operating Officer of Universal Display Corp., from May 1996 to January 2008. Since March 1992 until May 1996, he served as Vice President, General Counsel, Secretary and Treasurer of Roy F. Weston, Inc. From 1982 to 1991, he was employed by InterDigital, where he held various positions, including General Counsel, Executive Vice President and General Manager of the Technology Licensing Division. Mr. Abramson serves as Director of Global and a Consultant to Global. He has been a Director at Universal Display Corporation since May 1996. He serves as a Member of the Advisory Board of the Advanced Technology Center for Photonics and Optoelectronic Materials (POEM) at Princeton University and is a member of the Board of Governors of the United States Display Consortium. Mr. Abramson also serves on the Boards of Directors of various non-profit organizations.

CEO Compensation
  • Steve's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Steve's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Universal Display management team in years:

17.9
Average Tenure
61
Average Age
  • The average tenure for the Universal Display management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Sherwin Seligsohn

TITLE
Founder & Chairman
COMPENSATION
$2M
AGE
82

Steve Abramson

TITLE
President
COMPENSATION
$5M
AGE
66
TENURE
11 yrs

Sidney Rosenblatt

TITLE
Executive VP
COMPENSATION
$7M
AGE
70
TENURE
23.6 yrs

Julia Brown

TITLE
Senior VP
COMPENSATION
$3M
AGE
57
TENURE
16.6 yrs

Mauro Premutico

TITLE
VP of Legal and GM of Patents & Licensing
COMPENSATION
$2M
AGE
52
TENURE
6.8 yrs

Darice Liu

TITLE
Director of Investor Relations & Corporate Communications

Janice DuFour

TITLE
VP of Technology Commercialization & GM of PHOLED Material Sales Business
COMPENSATION
$3M
AGE
60
TENURE
22 yrs

Mike Hack

TITLE
Vice President of Business Development
COMPENSATION
$1M
AGE
61
TENURE
19.3 yrs
Board of Directors Tenure

Average tenure and age of the Universal Display board of directors in years:

19.3
Average Tenure
68
Average Age
  • The average tenure for the Universal Display board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Steve Abramson

TITLE
President
COMPENSATION
$5M
AGE
66
TENURE
22.7 yrs

Sidney Rosenblatt

TITLE
Executive VP
COMPENSATION
$7M
AGE
70
TENURE
22.7 yrs

Julia Brown

TITLE
Senior VP
COMPENSATION
$3M
AGE
57

Elizabeth Gemmill

TITLE
Lead Independent Director
COMPENSATION
$923K
AGE
72
TENURE
0.9 yrs

Sherwin Seligsohn

TITLE
Founder & Chairman
COMPENSATION
$2M
AGE
82
TENURE
23.6 yrs

C. Hartley

TITLE
Independent Director
COMPENSATION
$915K
AGE
75
TENURE
18.3 yrs

Larry Lacerte

TITLE
Independent Director
COMPENSATION
$910K
AGE
65
TENURE
19.3 yrs

Stephen Forrest

TITLE
Member of the Scientific Advisory Board
AGE
68

Mark Thompson

TITLE
Member of the Scientific Advisory Board

Rick Elias

TITLE
Independent Director
COMPENSATION
$905K
AGE
64
TENURE
4.8 yrs
Who owns this company?
Recent Insider Trading
  • Universal Display insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
03. Dec 18 Sell Rosemarie Greco Individual 30. Nov 18 30. Nov 18 -3,750 $91.39 $-342,721
08. Nov 18 Sell Lawrence Lacerte Individual 06. Nov 18 06. Nov 18 -10,000 $97.02 $-970,235
16. Aug 18 Sell Lawrence Lacerte Individual 14. Aug 18 14. Aug 18 -15,000 $120.57 $-1,792,693
11. Jun 18 Sell Rosemarie Greco Individual 07. Jun 18 07. Jun 18 -3,750 $98.15 $-368,061
01. Mar 18 Sell Richard Elias Individual 28. Feb 18 28. Feb 18 -2,250 $129.60 $-291,600
X
Management checks
We assess Universal Display's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Universal Display has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

OLED News

Simply Wall St News

Can Universal Display Corporation (NASDAQ:OLED) Improve Its Returns?

Our data shows Universal Display has a return on equity of 11% for the last year. … One way to conceptualize this, is that for each $1 of shareholders' equity it has, the company made $0.11 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Is Universal Display Corporation (NASDAQ:OLED) A Financially Strong Company?

Small-caps and large-caps are wildly popular among investors, however, mid-cap stocks, such as Universal Display Corporation (NASDAQ:OLED), with a market capitalization of US$4.3b, rarely draw their attention from the investing community. … While they are less talked about as an investment category, mid-cap risk-adjusted returns have generally been better than more commonly focused stocks that fall into the small- or large-cap categories. … Note that this commentary is very high-level and solely focused on financial health, so I suggest you dig deeper yourself.

Simply Wall St -

When Should You Buy Universal Display Corporation (NASDAQ:OLED)?

received a lot of attention from a substantial price movement on the NasdaqGS over the last few months, increasing to $129.65 at one point, and dropping to the lows of $84.93. … A question to answer is whether Universal Display's current trading price of $86.11 reflective of the actual value of the? … Let’s take a look at Universal Display’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

Could The Universal Display Corporation (NASDAQ:OLED) Ownership Structure Tell Us Something Useful?

If you want to know who really controls Universal Display Corporation (NASDAQ:OLED), then you'll have to look at the makeup of its share registry. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … We'd expect to see both institutions and retail investors owning a portion of the company.

Simply Wall St -

Have Insiders Been Selling Universal Display Corporation (NASDAQ:OLED) Shares This Year?

We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. … So shareholders might well want to know whether insiders have been buying or selling shares in Universal Display Corporation (NASDAQ:OLED). … But logic dictates you should pay some attention to whether insiders are buying or selling shares.

Simply Wall St -

Is Universal Display Corporation's (NASDAQ:OLED) High P/E Ratio A Problem For Investors?

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … Universal Display has a price to earnings ratio of 55.66, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Is Universal Display Corporation's (NASDAQ:OLED) CEO Overpaid Relative To Its Peers?

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Steve Abramson's Compensation Compare With Similar Sized Companies. … A first glance this seems like a real positive for shareholders, since Steve Abramson is paid less than the average compensation paid by similar sized companies.

Simply Wall St -

Universal Display Corporation (NASDAQ:OLED): Secrets For Long Term Investors

Today I want to bring to light the market's darling - Universal Display Corporation. … Looking at its size, financial health and track record, I believe there's an opportunity with Universal Display during these volatile times. … Universal Display Corporation engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials for use in flat panel displays and solid-state lighting applications

Simply Wall St -

Universal Display Corporation (NASDAQ:OLED): The Return Story

Your equity share is granted in return for the capital provided to the business to operate, and in order for an investment to be successful the business has to create earnings from the funds that make up this capital. … You need to pay attention to this because your return on investment is linked to dividends and internal investments to improve the business, which can only occur if the company is expected to produce adequate earnings with the capital that has been provided. … Thus, to understand how your money can grow by investing in Universal Display, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE)

Simply Wall St -

At US$99.15, Is It Time To Buy Universal Display Corporation (NASDAQ:OLED)?

Universal Display Corporation (NASDAQ:OLED), a semiconductor company based in United States,. … As a mid-cap stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock? … Let’s take a look at Universal Display’s outlook and value based on the most recent financial data to see if the opportunity still exists

Simply Wall St -

OLED Company Info

Map
Description

Universal Display Corporation engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials for use in flat panel displays and solid-state lighting applications. As of February 22, 2018, it owned or had exclusive and co-exclusive licenses, or had sole license rights with respect to approximately 4,500 issued and pending patents worldwide. The company licenses and supplies its proprietary UniversalPHOLED materials to display and lighting manufacturers, and others. It is also involved in the research, development, and commercialization of other OLED device and manufacturing technologies, including FOLED that are flexible OLEDs for the fabrication of OLEDs on flexible substrates; encapsulation technology for the packaging of flexible OLEDs and other thin-film devices, as well as for use as a barrier film for plastic substrates; UniversalP2OLED, which are printable phosphorescent OLEDs; OVJP, an organic vapor jet printing technology; OVPD, an organic vapor phase deposition process for manufacturing a small molecule OLED; and TOLED, which are transparent OLEDs for the fabrication of OLEDs that have transparent cathodes. In addition, the company provides technology development and support services, including government contract work and support provided to third parties for the commercialization of their OLED products. Universal Display Corporation has strategic relationships with Samsung Display Co., Ltd.; LG Display Co., Ltd.; BOE Technology Group Co., Ltd.; Tianma Micro-electronics Co., Ltd.; AU Optronics Corporation; EverDisplay Optronics (Shanghai) Limited; Shenzhen Royole Display Technologies Co. Ltd.; Japan Display Inc.; Sharp Corporation; Konica Minolta Holdings Inc.; Sumitomo Chemical Company, Ltd.; OLEDWorks GmbH; and Kaneka Corporation. The company was founded in 1985 and is headquartered in Ewing, New Jersey.

Details
Name: Universal Display Corporation
OLED
Exchange: NasdaqGS
Founded: 1985
$4,710,572,710
47,101,017
Website: http://oled.com
Address: Universal Display Corporation
375 Phillips Boulevard,
Ewing,
New Jersey, 08618,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS OLED Common Stock Nasdaq Global Select US USD 11. Apr 1996
DB UVD Common Stock Deutsche Boerse AG DE EUR 11. Apr 1996
LSE 0LJE Common Stock London Stock Exchange GB USD 11. Apr 1996
Number of employees
Current staff
Staff numbers
223
Universal Display employees.
Industry
Semiconductors
Semiconductors
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/01/22 23:45
End of day share price update: 2019/01/22 00:00
Last estimates confirmation: 2019/01/15
Last earnings filing: 2018/11/01
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.