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Intrinsic value of Universal Display Corporation (OLED)

Previous Close$125.41
Intrinsic Value
Upside potential
Previous Close
$125.41

VALUATION INPUT DATA (original, your and others' valuations)

ParameterOrig.Your
Date of valuation (DoV)  
Intrinsic value (IV) at DoV, $/sh  
IV at current val. algorithm, $/sh83.17 

The original valuation is based on fiscal year data as of 2021-12-31 and quarterly data as of 2022-03-31.

Registered users can save their valuation input data

  1. Annual
  2. Quarterly YoY
  3. Quarterly QoQ

Annual revenue growth rates, % (past and forecasted)

NOTE: The bar chart shows historic and forecasted yearly revenue growth rates. Its purpose is to help you in determining what initial revenue rate you want to base your stock valuation on. Please make sure that you are confident in the value you select - for most stocks it is by far the most important parameter in valuation.

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. As of February 20, 2020, it owned, exclusively licenses, or had sole rights to sublicense approximately 5,000 issued and pending patents worldwide. The company licenses and 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. The company was founded in 1985 and is headquartered in Ewing, New Jersey.

show cash flow forecast

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year2021(a)2022202320242025202620272028202920302031203220332034203520362037203820392040204120422043204420452046

INCOME STATEMENT

Revenue growth rate, %29.1NaN
Revenue, $554NaN
Variable operating expenses, $mNaN
Fixed operating expenses, $mNaN
Total operating expenses, $m326NaN
Operating income, $m228NaN
EBITDA, $m270NaN
Interest expense (income), $mNaN
Earnings before tax, $m227NaN
Tax expense, $m44NaN
Net income, $m183NaN

BALANCE SHEET

Cash and short-term investments, $m663NaN
Total assets, $m1475NaN
Adjusted assets (=assets-cash), $m812NaN
Average production assets, $m221NaN
Working capital, $m738NaN
Total debt, $m30NaN
Total liabilities, $m375NaN
Total equity, $m1100NaN
Debt-to-equity ratio0.027NaN
Adjusted equity ratio0.542NaN

CASH FLOW

Net income, $m183NaN
Depreciation, amort., depletion, $m42NaN
Funds from operations, $mNaN
Change in working capital, $mNaN
Cash from operations, $m191NaN
Maintenance CAPEX, $mNaN
New CAPEX, $mNaN
Total CAPEX, $m-43NaN
Free cash flow, $m234NaN
Issuance/(repurchase) of shares, $mNaN
Retained Cash Flow, $mNaN
Pot'l extraordinary dividend, $m738
Cash available for distribution, $mNaN
Discount rate, %NaN
PV of cash for distribution, $mNaN
Current shareholders' claim on cash, %NaN
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