Universal Display CorporationFind Ratings Reports
UNIVERSAL DISPLAY CORP's gross profit margin for the third quarter of its fiscal year 2021 is essentially unchanged when compared to the same period a year ago. Sales and net income have grown, and although the growth in revenues has outpaced the average competitor within the subsector, the net income growth has not. UNIVERSAL DISPLAY CORP is extremely liquid. Currently, the Quick Ratio is 5.06 which clearly shows the ability to cover any short-term cash needs. OLED managed to increase the liquidity from the same period a year ago, despite already having very strong liquidity to begin with. This would indicate improved cash flow.
During the same period, stockholders' equity ("net worth") has increased by 17.81% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is very unlikely to face financial difficulties in the near future.
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|Income Statement||Q3 FY21||Q3 FY20|
|Net Sales ($mil)||143.62||117.08|
|Net Income ($mil)||46.11||40.5|
|Balance Sheet||Q3 FY21||Q3 FY20|
|Cash & Equiv. ($mil)||788.94||672.67|
|Total Assets ($mil)||1428.59||1224.96|
|Total Debt ($mil)||31.63||7.18|
|Profitability||Q3 FY21||Q3 FY20|
|Gross Profit Margin||81.55||80.52|
|Return on Assets||13.45||8.64|
|Return on Equity||18.55||12.04|
|Debt||Q3 FY21||Q3 FY20|
|Share Data||Q3 FY21||Q3 FY20|
|Shares outstanding (mil)||47.7||47.64|
|Div / share||0.2||0.15|
|Book value / share||21.73||18.46|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||399861.0||273870.0|
BUY. The current P/E ratio indicates a discount compared to an average of 41.56 for the Computer and Electronic Product Manufacturing subsector and a premium compared to the S&P 500 average of 28.83. To use another comparison, its price-to-book ratio of 6.72 indicates a significant premium versus the S&P 500 average of 4.61 and a significant discount versus the subsector average of 24.58. The price-to-sales ratio is well above both the S&P 500 average and the subsector average, indicating a premium. Upon assessment of these and other key valuation criteria, UNIVERSAL DISPLAY CORP proves to trade at a discount to investment alternatives.
|OLED 36.22||Peers 41.56||OLED 33.57||Peers 33.83|
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations.
OLED is trading at a discount to its peers.
Average. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.
OLED is trading at a valuation on par to its peers.
|OLED 28.01||Peers 33.70||OLED 0.91||Peers 5.09|
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations.
OLED is trading at a premium to its peers.
Discount. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.
OLED trades at a significant discount to its peers.
|OLED 6.72||Peers 24.58||OLED 80.71||Peers 103.32|
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.
OLED is trading at a significant discount to its peers.
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.
However, OLED is expected to trail its peers on the basis of its earnings growth rate.
|OLED 12.68||Peers 10.96||OLED 41.06||Peers 31.80|
Premium. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.
OLED is trading at a premium to its subsector on this measurement.
Higher. A sales growth rate that exceeds the subsector implies that a company is gaining market share.
OLED has a sales growth rate that significantly exceeds its peers.