-3.20%
-4.22%
-19.49%
-15.76%
-14.66%
2.70%
-15.95%

Company Description

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.

Market Data

Last Price 145.12
Change Percentage -3.20%
Open 145.18
Previous Close 149.92
Market Cap ( Millions) 6888
Volume 233319
Year High 237
Year Low 142.16
M A 50 154.75
M A 200 183.12

Financial Ratios

FCF Yield 3.17%
Dividend Yield 1.10%
ROE 15.75%
Debt / Equity 1.27%
Net Debt / EBIDTA -20.86%
Price To Book 4.35
Price Earnings Ratio 28.99
Price To FCF 31.52
Price To sales 10.7
EV / EBITDA 23.96

News

Business Breakdown

Expected Mid-Term Growth

Segment nΒ°1 -> Organic Light Emitting Diode

Expected Growth : 10.93 %

What the company do ?

Organic Light Emitting Diode (OLED) from Universal Display Corporation is a thin, flexible, and energy-efficient display technology using organic compounds to produce light.

Why we expect these perspectives ?

Universal Display Corporation's Organic Light Emitting Diode (OLED) growth is driven by increasing adoption in premium smartphones, expanding use in TVs and wearables, and rising demand for energy-efficient displays. Additionally, partnerships with leading OEMs, continuous R&D investments, and growing presence in emerging markets contribute to the 10.93% growth.

Segment nΒ°2 -> Royalty and License Fees

Expected Growth : 11.7 %

What the company do ?

Universal Display Corporation's Royalty and License Fees refer to payments made to the company for the use of its patented OLED technology by other manufacturers.

Why we expect these perspectives ?

The 11.7% growth in Royalty and License Fees from Universal Display Corporation is driven by increasing adoption of OLED technology in premium smartphones, growing demand for OLED TVs, and rising patent licensing revenue from major display manufacturers such as Samsung and LG.

Segment nΒ°3 -> Contract Research Services

Expected Growth : 11.7 %

What the company do ?

Universal Display Corporation's Contract Research Services provide outsourced research and development services for OLED technology, enabling clients to advance their OLED-based projects.

Why we expect these perspectives ?

The 11.7% growth in Contract Research Services from Universal Display Corporation is driven by increasing demand for OLED displays in smartphones and TVs, expansion into new markets such as automotive and virtual reality, and rising adoption of OLED technology in emerging markets.

Universal Display Corporation Products

Product Range What is it ?
OLED Emitters Organic compounds that emit light when an electric current is applied, used in OLED displays
Phosphorescent Emitters Organic compounds that emit light over a longer period of time, used in OLED displays
Host Materials Organic compounds that help to stabilize and transport electrical charge in OLED displays
Transport Layer Materials Organic compounds that help to transport electrical charge in OLED displays
OLED Display Panels Complete OLED display panels used in various applications
OLED Lighting OLED-based lighting solutions for general lighting applications

Universal Display Corporation's Porter Forces

The threat of substitutes for Universal Display Corporation is medium due to the presence of alternative technologies such as LCD and OLED. However, the company's proprietary OLED technology provides a competitive advantage.

The bargaining power of customers is low due to the specialized nature of Universal Display Corporation's products and the lack of alternative suppliers.

The bargaining power of suppliers is medium due to the presence of multiple suppliers for raw materials and components. However, the company's dependence on a few key suppliers for critical components increases their bargaining power.

The threat of new entrants is low due to the high barriers to entry in the OLED industry, including significant capital expenditures and technological expertise.

The intensity of rivalry is high due to the presence of established competitors such as Samsung and LG, and the ongoing competition for market share and technological advancements.

Capital Structure

Value
Debt Weight 4.92%
Debt Cost 3.95%
Equity Weight 95.08%
Equity Cost 11.16%
WACC 10.81%
Leverage 5.18%

Historical Valuation

Price/Earnings Ratio

Margin Valuation

Peers Valuation

Competitors

Company Rational
VECO Veeco Instruments Inc., together with its subsidiaries, develops, manufactures, sells, and supports semiconductor and thin film process equipment primarily to make electronic devices worldwide. The company offers laser annealing, ion …
VSH Vishay Intertechnology, Inc. manufactures and supplies discrete semiconductors and passive electronic components in Asia, Europe, and the Americas. It operates through six segments: Metal Oxide Semiconductor Field Effect Transistors (MOSFETs), …
AMKR Amkor Technology, Inc. provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, the Middle East, Africa, and the rest of the Asia Pacific. It offers turnkey …
MTSI MACOM Technology Solutions Holdings, Inc., together with its subsidiaries, designs and manufactures analog semiconductor solutions for use in wireless and wireline applications across the radio frequency (RF), microwave, millimeter wave, …
SWKS Skyworks Solutions, Inc., together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property in the United States, China, South Korea, Taiwan, Europe, the Middle East, …

Peers Metrics

DCF BETA

Parameters

Short Term Growth
Short term Time
Long-Term Growth
WACC
Target Price
145.12$
Current Price
145.12$
Potential
-0.00%

Expected Cash-Flows

Scoring Insights

Peers Group Analysis

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