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Universal Display Corp
NASDAQ:OLED

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Universal Display Corp Logo
Universal Display Corp
NASDAQ:OLED
Watchlist
Price: 167.75 USD 1.74% Market Closed
Updated: Mar 28, 2024

Intrinsic Value

Universal Display Corp. engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials. [ Read More ]

The intrinsic value of one OLED stock under the Base Case scenario is 137.58 USD. Compared to the current market price of 167.75 USD, Universal Display Corp is Overvalued by 18%.

Key Points:
OLED Intrinsic Value
Base Case
137.58 USD
Overvaluation 18%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Universal Display Corp

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Fundamental Analysis

OLED Tech Firm Projects Growth Amid Challenges
2023-Q4 Earnings Call

OLED Tech Firm Projects Growth Amid Challenges

In 2023, the company reported revenue of $576 million, with a net income of $203 million, translating to $4.24 per diluted share. Soft consumer spending affected the figures, but the company strengthened its partnerships and expanded its material production. Although the fourth quarter saw a dip in emitter sales and a decrease in gross margins from 82% to 77%, they remain optimistic. With new agreements, such as with BOE Technology Group and a significant $9 billion investment underway for new production facilities, the company expects to ride an 'exciting new multiyear CapEx cycle.' Market analyses predict OLED growth across various industries, supporting a positive outlook for the company. For 2024, they project revenues between $625 million and $675 million, total gross margins around 76%-77%, with operating expenses increasing by 10%-15%.

Financials

Balance Sheet Decomposition
Universal Display Corp

Current Assets 917.1m
Cash & Short-Term Investments 514.1m
Receivables 139.9m
Other Current Assets 263.2m
Non-Current Assets 751.8m
Long-Term Investments 299.5m
PP&E 200.1m
Intangibles 112.7m
Other Non-Current Assets 139.5m
Current Liabilities 118.8m
Accounts Payable 10.9m
Accrued Liabilities 55.6m
Other Current Liabilities 52.3m
Non-Current Liabilities 102.9m
Other Non-Current Liabilities 102.9m
Efficiency

Earnings Waterfall
Universal Display Corp

Revenue
576.4m USD
Cost of Revenue
-136m USD
Gross Profit
440.4m USD
Operating Expenses
-223.2m USD
Operating Income
217.2m USD
Other Expenses
-15.2m USD
Net Income
202m USD

Free Cash Flow Analysis
Universal Display Corp

Last Value
3-Years Average
FCF Margin
Conversion Rate
History
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Fundamental Scores

OLED Profitability Score
Profitability Due Diligence

Universal Display Corp's profitability score is 67/100. The higher the profitability score, the more profitable the company is.

Positive Gross Profit
Positive Free Cash Flow
Positive Operating Income
Exceptional 3-Year Average ROIC
67/100
Profitability
Score

Universal Display Corp's profitability score is 67/100. The higher the profitability score, the more profitable the company is.

OLED Solvency Score
Solvency Due Diligence

Universal Display Corp's solvency score is 81/100. The higher the solvency score, the more solvent the company is.

High Altman Z-Score
Short-Term Solvency
Long-Term Solvency
Low D/E
81/100
Solvency
Score

Universal Display Corp's solvency score is 81/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

OLED Price Targets Summary
Universal Display Corp

Wall Street analysts forecast OLED stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for OLED is 208.19 USD with a low forecast of 171.7 USD and a high forecast of 273 USD.

Lowest
Price Target
171.7 USD
2% Upside
Average
Price Target
208.19 USD
24% Upside
Highest
Price Target
273 USD
63% Upside
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View Analyst Estimates

Competitive Landscape

Ownership

OLED Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
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Shareholder Return

OLED Price
Universal Display Corp

1M 1M
-1%
6M 6M
+8%
1Y 1Y
+16%
3Y 3Y
-26%
5Y 5Y
+13%
10Y 10Y
+444%
Annual Price Range
167.75
52w Low
128.42
52w High
193.28
Price Metrics
Average Annual Return -3.54%
Standard Deviation of Annual Returns 34.51%
Max Drawdown -65%
Shares Statistics
Market Capitalization 8B USD
Shares Outstanding 47 365 600
Percentage of Shares Shorted 2.03%

OLED Return Decomposition
Main factors of price return

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OLED News

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Company Profile

Universal Display Corp Logo
Universal Display Corp

Country

United States of America

Industry

Semiconductors

Market Cap

8B USD

Dividend Yield

0.95%

Description

Universal Display Corp. engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials. The company is headquartered in Ewing, New Jersey and currently employs 401 full-time employees. OLED is a emit light device, which can be manufactured on both flexible and rigid substrates, helps making them suitable for use in full-color displays and as lighting products. OLED displays can be used in the mobile phone, television, wearable, tablet, notebook and personal computer, augmented reality (AR), virtual reality (VR), portable media device and automotive products. Its PHOLED technologies allows OLEDs to emit light through a process, phosphorescence. The company has an intellectual property portfolio surrounding its existing PHOLED technologies and materials for both displays and lighting products, which the Company market under the UniversalPHOLED brand. Its additional OLED technologies include FOLED Flexible OLEDs and OVJP Organic Vapor Jet Printing.

Contact

NEW JERSEY
Ewing
250 Phillips Boulevard
+16096710980.0
https://oled.com/

IPO

1992-05-14

Employees

401

Officers

President, CEO & Director
Mr. Steven V. Abramson
VP, CFO & Treasurer
Mr. Brian Millard
Executive VP & Chief Technical Officer
Dr. Julia J. Brown Ph.D.

See Also

Discover More
What is the Intrinsic Value of one OLED stock?

The intrinsic value of one OLED stock under the Base Case scenario is 137.58 USD.

Is OLED stock undervalued or overvalued?

Compared to the current market price of 167.75 USD, Universal Display Corp is Overvalued by 18%.