Market Summary
USD146.54+0.48
Market Closed0.33%
OLED Stock Price
OLED RSI Chart
OLED Valuation
OLED Price/Sales (Trailing)
OLED Profitability
OLED Fundamentals
OLED Revenue
OLED Earnings
Price Action
52 Week Range
89.41176.41
(Low)(High)
Last 7 days
1.7%
Last 30 days
14.0%
Last 90 days
37.0%
Trailing 12 Months
-13.8%
OLED Financial Health
OLED Investor Care
Peers (Alternatives to Universal Display)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
NVDA | 654.3B | 27.0B | 29.03% | -4.80% | 149.78 | 24.26 | 0.22% | -55.21% |
AMD | 155.7B | 23.6B | 27.86% | -18.73% | 117.98 | 6.6 | 43.61% | -58.25% |
QCOM | 138.3B | 43.0B | 0.65% | -20.85% | 11.75 | 3.22 | 19.21% | 17.89% |
INTC | 120.7B | 63.1B | 15.27% | -41.31% | 15.06 | 1.91 | -20.21% | -59.66% |
FSLR | 22.4B | 2.6B | 29.03% | 165.43% | -507.24 | 8.55 | -10.40% | -109.42% |
LSCC | 12.4B | 660.4M | 10.18% | 42.15% | 69.32 | 18.78 | 28.14% | 86.49% |
| MID-CAP | ||||||||
OLED | 7.0B | 616.6M | 14.00% | -13.75% | 33.32 | 11.35 | 11.40% | 14.03% |
MKSI | 5.6B | 3.5B | -7.23% | -44.75% | 16.81 | 1.58 | 20.25% | -39.61% |
AEIS | 3.5B | 1.8B | 4.88% | 7.84% | 17.66 | 1.91 | 26.75% | 48.19% |
PI | 3.4B | 257.8M | 5.06% | 89.40% | -139.18 | 13.12 | 35.48% | 52.59% |
| SMALL-CAP | ||||||||
COHU | 1.8B | 812.8M | 6.20% | 15.98% | 18.59 | 2.21 | -8.39% | -42.12% |
ICHR | 874.2M | 1.3B | -7.86% | -17.34% | 12.01 | 0.68 | 16.70% | 2.69% |
ACMR | 662.5M | 388.8M | -3.62% | -48.78% | 16.87 | 1.7 | 49.69% | 3.99% |
MX | 392.2M | 337.7M | -4.71% | -47.85% | -48.81 | 1.16 | -28.80% | -114.17% |
Financials for Universal Display
| Income Statement (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Revenue | 3.8% | 617 | 594 | 577 | 570 | 554 |
| Gross Profit | 5.4% | 489 | 464 | 453 | 445 | 439 |
| Operating Expenses | -0.8% | 222 | 223 | 223 | 219 | 211 |
| S&GA Expenses | -5.2% | 78.00 | 82.00 | 85.00 | 85.00 | 80.00 |
| R&D Expenses | 4.4% | 117 | 112 | 107 | 103 | 100 |
| EBITDA | 9.5% | 293 | 268 | 254 | 248 | - |
| EBITDA Margin | 5.5% | 0.48* | 0.45* | 0.44* | 0.44* | - |
| Earnings Before Taxes | 9.9% | 268 | 244 | 232 | 227 | 228 |
| EBT Margin | 5.8% | 0.44* | 0.41* | 0.40* | 0.40* | - |
| Net Income | 10.1% | 210 | 191 | 183 | 182 | 184 |
| Net Income Margin | 6.0% | 0.34* | 0.32* | 0.32* | 0.32* | - |
| Free Cahsflow | -38.1% | 84.00 | 136 | 174 | 170 | - |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Assets | 0.2% | 1,533 | 1,530 | 1,499 | 1,487 | 1,467 |
| Current Assets | -8.0% | 899 | 977 | 932 | 960 | 926 |
| Cash Equivalents | -50.2% | 93.00 | 188 | 214 | 357 | 312 |
| Inventory | 1.7% | 183 | 180 | 166 | 143 | 134 |
| Net PPE | 4.2% | 143 | 138 | 138 | 132 | 129 |
| Goodwill | 0% | 16.00 | 16.00 | 16.00 | 16.00 | 16.00 |
| Liabilities | -19.2% | 257 | 318 | 334 | 356 | 367 |
| Current Liabilities | -1.8% | 136 | 138 | 155 | 178 | 188 |
| Shareholder's Equity | 5.2% | 1,275 | 1,212 | 1,165 | 1,131 | 1,100 |
| Retained Earnings | 8.4% | 653 | 602 | 563 | 536 | 500 |
| Additional Paid-In Capital | 1.0% | 681 | 675 | 666 | 658 | 659 |
| Accumulated Depreciation | 6.1% | 117 | 110 | 104 | 98.00 | 92.00 |
| Shares Outstanding | 0.0% | 48.00 | 48.00 | 48.00 | 48.00 | 48.00 |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Cashflow From Operations | -29.9% | 127 | 181 | 218 | 214 | 191 |
| Share Based Compensation | -17.9% | 28.00 | 35.00 | 35.00 | 36.00 | 35.00 |
| Cashflow From Investing | 40.1% | -280 | -468 | -490 | -528 | -457 |
| Cashflow From Financing | -8.0% | -64.64 | -59.82 | -56.66 | -54.34 | -51.37 |
| Dividend Payments | 9.1% | 57.00 | 52.00 | 47.00 | 43.00 | 38.00 |
| Buy Backs | - | 0.00 | - | - | - | - |
Risks for OLED
What is the probability of a big loss on OLED?
100%
Probability that Universal Display stock will be more than 20% underwater in next one year
77.7%
Probability that Universal Display stock will be more than 30% underwater in next one year.
60%
Probability that Universal Display stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does OLED drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Universal Display was unfortunately bought at previous high price.
Drawdowns
Returns for OLED
Cumulative Returns on OLED
17.4%
10-Year Cumulative Returns
16.2%
7-Year Cumulative Returns
7.0%
5-Year Cumulative Returns
4.6%
3-Year Cumulative Returns
What are the long-term rolling returns for OLED?
FIve years rolling returns for Universal Display.
Annualized Returns
Which funds bought or sold OLED recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-03-23 | MetLife Investment Management, LLC | reduced | -2.08 | 339,921 | 3,142,780 | 0.03% |
2023-03-23 | ETF MANAGERS GROUP, LLC | added | 4.16 | 74,735 | 462,735 | 0.02% |
2023-03-17 | American Portfolios Advisors | reduced | -3.06 | -5,337 | 50,755 | -% |
2023-03-10 | VICTORY CAPITAL MANAGEMENT INC | reduced | -0.03 | 131,614 | 1,041,610 | -% |
2023-03-06 | NORTH STAR ASSET MANAGEMENT INC | unchanged | - | 68,981 | 543,981 | 0.03% |
2023-03-06 | Rockefeller Capital Management L.P. | added | 23.33 | 66,000 | 228,000 | -% |
2023-02-28 | Voya Investment Management LLC | reduced | -1.35 | 1,009,290 | 8,796,290 | 0.01% |
2023-02-24 | SRS Capital Advisors, Inc. | added | 7.14 | 880 | 4,880 | -% |
2023-02-22 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | unchanged | - | 92,000 | 726,000 | 0.01% |
2023-02-21 | NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | added | 2.34 | 5,813 | 37,813 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Universal Display News
Schedule 13G FIlings of Universal Display
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 09, 2023 | vanguard group inc | 8.84% | 4,173,687 | SC 13G/A | |
| Feb 03, 2023 | blackrock inc. | 8.6% | 4,059,043 | SC 13G/A | |
| Feb 14, 2022 | macquarie group ltd | 1.56% | 733,325 | SC 13G/A | |
| Feb 01, 2022 | blackrock inc. | 8.9% | 4,192,345 | SC 13G/A | |
| Mar 08, 2021 | primecap management co/ca/ | 4.81% | 2,265,719 | SC 13G/A | |
| Feb 12, 2021 | waddell & reed financial inc | 5.2% | - | SC 13G | |
| Feb 12, 2021 | primecap management co/ca/ | 5.13% | 2,418,175 | SC 13G/A | |
| Feb 10, 2021 | vanguard group inc | 8.37% | 3,943,872 | SC 13G/A | |
| Feb 01, 2021 | blackrock inc. | 8.0% | 3,761,103 | SC 13G/A | |
| Feb 14, 2020 | waddell & reed financial inc | 4.5% | - | SC 13G/A |
OLED Fair Value
Universal Display fair value in different scenarios
The table shows the Fair Value estimates for Universal Display for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
| Fair Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very Optimistic |
|---|---|---|---|---|---|
| Very Low Inflation | 73.28 -49.99% | 93.28 -36.35% | 127.56 -12.95% | 184.12 25.64% | 241.88 65.06% |
| Current Inflation | 67.78 -53.75% | 84.99 -42.00% | 113.97 -22.23% | 162.05 10.58% | 211.09 44.05% |
| Very High Inflation | 60.96 -58.40% | 74.91 -48.88% | 97.81 -33.25% | 136.20 -7.06% | 175.32 19.64% |
Historical Universal Display Fair Value Estimates
Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price
Recent SEC filings of Universal Display
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Mar 24, 2023 | 4 | Insider Trading | |
| Mar 24, 2023 | 4 | Insider Trading | |
| Mar 24, 2023 | 4 | Insider Trading | |
| Mar 24, 2023 | 4 | Insider Trading | |
| Mar 24, 2023 | 4 | Insider Trading | |
| Mar 08, 2023 | 4 | Insider Trading | |
| Mar 08, 2023 | 4 | Insider Trading | |
| Mar 08, 2023 | 4 | Insider Trading | |
| Mar 08, 2023 | 4 | Insider Trading | |
| Mar 08, 2023 | 4 | Insider Trading |
Latest Insider Trading transactions for OLED
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-03-22 | Premutico Mauro | acquired | - | - | 1,733 | svp & gm, licensing |
2023-03-22 | ROSENBLATT SIDNEY D | sold (taxes) | -197,195 | 144 | -1,361 | - |
2023-03-22 | ROSENBLATT SIDNEY D | acquired | - | - | 3,209 | - |
2023-03-22 | ABRAMSON STEVEN V | acquired | - | - | 3,209 | president and ceo |
2023-03-22 | ABRAMSON STEVEN V | sold (taxes) | -197,195 | 144 | -1,361 | president and ceo |
2023-03-22 | Mahon Janice K | acquired | - | - | 1,396 | svp of tech commercialization |
2023-03-22 | Premutico Mauro | sold (taxes) | -138,950 | 144 | -959 | svp & gm, licensing |
2023-03-22 | BROWN JULIA J | sold (taxes) | -138,370 | 144 | -955 | evp & chief technical officer |
2023-03-22 | Mahon Janice K | sold (taxes) | -103,451 | 144 | -714 | svp of tech commercialization |
2023-03-22 | BROWN JULIA J | acquired | - | - | 2,252 | evp & chief technical officer |
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. 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; OVJP, an organic vapor jet printing technology; thin-film 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; and UniversalP2OLED, which are printable phosphorescent OLEDs. In addition, the company provides technology development and support services, including third-party collaboration and support to third parties for the commercialization of their OLED products. Further, it provides contract research services in the areas of chemical materials synthesis research, development, and commercialization for non-OLED applications. Universal Display Corporation was founded in 1985 and is headquartered in Ewing, New Jersey.
OLED Income Statement
2022-12-31CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands | 12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
| REVENUE: | |||
| Total revenue | $ 616,619 | $ 553,525 | $ 428,867 |
| COST OF SALES | 127,896 | 114,991 | 85,478 |
| Gross margin | 488,723 | 438,534 | 343,389 |
| OPERATING EXPENSES: | |||
| Research and development | 117,062 | 99,673 | 83,894 |
| Selling, general and administrative | 77,886 | 80,372 | 61,346 |
| Amortization of acquired technology and other intangible assets | 17,459 | 21,994 | 21,969 |
| Patent costs | 8,329 | 8,160 | 7,529 |
| Royalty and license expense | 877 | 691 | 11,125 |
| Total operating expenses | 221,613 | 210,890 | 185,863 |
| OPERATING INCOME | 267,110 | 227,644 | 157,526 |
| Interest income, net | 7,811 | 505 | 5,139 |
| Other (loss) income, net | (6,691) | 98 | 864 |
| Interest and other income, net | 1,120 | 603 | 6,003 |
| INCOME BEFORE INCOME TAXES | 268,230 | 228,247 | 163,529 |
| INCOME TAX EXPENSE | (58,169) | (44,034) | (30,157) |
| NET INCOME | $ 210,061 | $ 184,213 | $ 133,372 |
| NET INCOME PER COMMON SHARE: | |||
| BASIC | $ 4.41 | $ 3.87 | $ 2.80 |
| DILUTED | $ 4.40 | $ 3.87 | $ 2.80 |
| WEIGHTED AVERAGE SHARES USED IN COMPUTING NET INCOME PER COMMON SHARE: | |||
| BASIC | 47,390,352 | 47,296,447 | 47,198,982 |
| DILUTED | 47,468,507 | 47,365,435 | 47,236,994 |
| CASH DIVIDEND DECLARED PER COMMON SHARE | $ 1.20 | $ 0.80 | $ 0.60 |
| Material sales | |||
| REVENUE: | |||
| Total revenue | $ 331,081 | $ 318,623 | $ 229,749 |
| Royalty and license fees | |||
| REVENUE: | |||
| Total revenue | 267,115 | 219,032 | 185,054 |
| Contract research services | |||
| REVENUE: | |||
| Total revenue | $ 18,423 | $ 15,870 | $ 14,064 |
OLED Balance Sheet
2022-12-31CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
|---|---|---|
| CURRENT ASSETS: | ||
| Cash and cash equivalents | $ 93,430 | $ 311,993 |
| Short-term investments | 484,345 | 351,194 |
| Accounts receivable | 92,664 | 107,639 |
| Inventory | 183,220 | 134,160 |
| Other current assets | 45,791 | 20,948 |
| Total current assets | 899,450 | 925,934 |
| PROPERTY AND EQUIPMENT, net of accumulated depreciation of $117,118 and $92,461 | 143,445 | 128,832 |
| ACQUIRED TECHNOLOGY, net of accumulated amortization of $189,671 and $173,635 | 38,382 | 49,668 |
| OTHER INTANGIBLE ASSETS, net of accumulated amortization of $8,989 and $7,565 | 8,247 | 9,711 |
| GOODWILL | 15,535 | 15,535 |
| INVESTMENTS | 259,861 | 168,076 |
| DEFERRED INCOME TAXES | 58,161 | 33,453 |
| OTHER ASSETS | 109,739 | 135,710 |
| TOTAL ASSETS | 1,532,820 | 1,466,919 |
| CURRENT LIABILITIES: | ||
| Accounts payable | 9,519 | 14,955 |
| Accrued expenses | 51,002 | 45,474 |
| Deferred revenue | 45,599 | 120,864 |
| Other current liabilities | 29,577 | 6,645 |
| Total current liabilities | 135,697 | 187,938 |
| DEFERRED REVENUE | 18,279 | 36,217 |
| RETIREMENT PLAN BENEFIT LIABILITY | 59,790 | 66,773 |
| OTHER LIABILITIES | 43,685 | 76,077 |
| Total liabilities | 257,451 | 367,005 |
| COMMITMENTS AND CONTINGENCIES (Note 18) | ||
| SHAREHOLDERS' EQUITY: | ||
| Preferred Stock, par value $0.01 per share, 5,000,000 shares authorized, 200,000shares of Series A Nonconvertible Preferred Stock issued and outstanding (liquidation value of $7.50 per share or $1,500) | 2 | 2 |
| Common Stock, par value $0.01 per share, 200,000,000 shares authorized, 49,136,030 and 49,065,924 shares issued, and 47,770,382 and 47,700,276 shares outstanding at December 31, 2022 and December 31, 2021, respectively | 491 | 491 |
| Additional paid-in capital | 681,335 | 658,728 |
| Retained earnings | 653,277 | 500,212 |
| Accumulated other comprehensive loss | (18,452) | (18,235) |
| Treasury stock, at cost (1,365,648 shares at December 31, 2022 and December 31, 2021) | (41,284) | (41,284) |
| Total shareholders’ equity | 1,275,369 | 1,099,914 |
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $ 1,532,820 | $ 1,466,919 |