Universal Display Corp \pa\

Technology
Electrical Products
www.oled.com

Earnings Score
Moat Score
Safety Score
Final Score

Market Cap $7.50B
PE 32
Debt $442.00K
Cash $79.56M
EV $7.42B
FCF $218.55M

Earnings

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Sales & Net Margins

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Earnings	$237.30M
EBIT	$292.41M
ROE	15%
ROA	16%
FCF	$218.55M
Equity	$1.59B
Growth Stability	100%
PE	31.62
PEG	2.09
PB	4.73
P/FCF	34.34
P/S	11.66
Price/Cash	0.01
Debt/Equity	0
Debt/FCF	0
Net Margins	36%
Gross Margins	77%
Op. Margins	45%
Earnings CAGR	27%
Sales Growth YoY	15%
Sales Growth QoQ	2%
Sales CAGR	16%
FCF CAGR	5%
Equity CAGR	15%
Earnings Stability	0.79
Earnings Growth YoY	30%
Earnings Growth QoQ	28%
Earnings CAGR 5Y	15%

Sales CAGR 5Y	11%
FCF CAGR 5Y	-5%
Equity CAGR 5Y	16%
Earnings CAGR 3Y	4%
Sales CAGR 3Y	4%
FCF CAGR 3Y	-1%
Equity CAGR 3Y	14%
Market Cap	$7.50B
Revenue	$643.71M
Dividend Yield	1%
Payout Ratio	31%
Assets	$1.81B
Total Debt	$442.00K
Cash	$79.56M
Shares Outstanding	47.46M
EV	7.42B
Earnings Score	93%
Moat Score	96%
Safety Score	98%
Final Score	96%
Working Capital	810.68M
Current Ratio	7.18
Gross Profit	$496.58M
Shares Growth 3y	0%
Equity Growth QoQ	4%
Equity Growth YoY	15%

Assets & ROA

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Stockholders Equity & ROE

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Universal Display Corp researches, develops, and manufactures organic light-emitting diode, or OLED, technologies for use in displays for mobile phones, tablets, televisions, wearables, personal computers, automotive interiors, and the solid-state lighting market. OLED technologies are an alternative to light-emitting diode, or LED, technologies, in the solid-state lighting market, and liquid crystal displays in the flat-panel-display market. A large majority of the firm's revenue is generated in South Korea, with the rest coming from Japan, China, the United States, and other countries across the world.

SEC Filings

Direct access to Universal Display Corp \pa\ (OLED) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Universal Display Corp \pa\ compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Universal Display Corp \pa\ compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 27%

Stability 79%

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Universal Display Corp \pa\ Discounted Cash Flow

Fully customizable DCF calculator online for Universal Display Corp \pa\.

Years

Calculation mode

= $3.1B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$219M	$230M	$242M	$254M	$267M	$281M	$296M	$311M	$327M	$344M	$362M	$3.6B
DCF		$209M	$200M	$191M	$183M	$175M	$167M	$160M	$153M	$146M	$140M	$1.4B
Value	$3.1B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	22%	8%	24%	30%	24%	34%	31%	33%	34%	35%	36%
ROA	-	6%	11%	19%	6%	15%	13%	16%	17%	15%	16%
ROE	-	3%	9%	16%	8%	17%	15%	17%	16%	14%	15%

Good Net Margins (36.18%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-	-	-	-	-	0	0.01	0	0	0
Debt over Equity	-	-	-	-	-	-	0	0	0	0	0
Growth Stability	-	-	-	100%	100%	100%	100%	100%	100%	100%	100%

Good Debt/FCF ratio (0)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Good Debt/Equity ratio (0)

The company is not overleveraged and has a good balance between equity and debt.

Good Graham’s Stability (100%)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	0%	4%	69%	-26%	64%	6%	29%	11%	-7%	11%
Earnings YoY growth	-	-65%	226%	116%	-43%	136%	-4%	38%	14%	-3%	15%
Equity YoY growth	-	4%	13%	25%	5%	18%	12%	21%	16%	13%	16%
FCF YoY growth	-	164%	-33%	42%	-7%	70%	-26%	22%	-43%	13%	-5%