Universal Display Corp
NASDAQ:OLED
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%.
Valuation Backtest
Universal Display Corp
Run backtest to discover the historical profit from buying and selling OLED stocks based on their intrinsic value.
Analyze the historical link between intrinsic value and market price to make more informed investment decisions.
Fundamental Analysis
OLED Tech Firm Projects Growth Amid Challenges
2023-Q4 Earnings Call
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%.
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 |
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
What is Free Cash Flow?
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.
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.
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
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.
Ownership
OLED Insider Trading
Buy and sell transactions by insiders
Period | Sold | Bought | Net |
---|---|---|---|
3 Months |
|
|
|
6 Months |
|
|
|
9 Months |
|
|
|
12 Months |
|
|
|
Shareholder Return
OLED Price
Universal Display Corp
Average Annual Return | -3.54% |
Standard Deviation of Annual Returns | 34.51% |
Max Drawdown | -65% |
Market Capitalization | 8B USD |
Shares Outstanding | 47 365 600 |
Percentage of Shares Shorted | 2.03% |
Company Profile
Country
Industry
Market Cap
Dividend Yield
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
IPO
Employees
Officers
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%.