Universal Display (OLED) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Universal Display

NasdaqGS•Technology•Electronic Components

$76.31-1.09(-0.01%)Pre-market

Market Cap

$3.61B

P/E

18.4x

P/S

5.9x

P/B

2.1x

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 offers phosphorescent organic light-emitting diode (PHOLED) technologies and materials for displays and lighting products under the UniversalPHOLED brand. The company also offers FOLED that are flexible OLEDs for the fabrication of OLEDs on flexible substrates; and OVJP, an organic vapor jet printing technology. In addition, it provides technology development and support services, including third-party collaboration and support to third parties for the commercialization of their OLED products; and contract research services in the areas of chemical synthesis research, development, and commercialization for non-OLED applications, as well as engages in the intellectual property and technology licensing activities. The company has operations in South Korea, China, Japan, the United States, and internationally. Universal Display Corporation was incorporated in 1985 and is headquartered in Ewing, New Jersey.

How this company scores

AverageMetricSide Score: 59/100

Strongest: Cash & Earnings Quality (21/25); weakest: Growth (6/25).

Profitability17/25

Growth6/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality21/25

Strengths

Rising free cash flowStrong marginsInterest easily coveredConsistent free cash flow

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 18.4x5y range 18.4x – 44.9x

Currently below its 20-quarter median.

P/S · 5.9x5y range 5.9x – 16.0x

Currently below its 20-quarter median.

P/B · 2.1x5y range 2.1x – 7.9x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Watch

Operating margins declined 13.2% — watch for continued compression, which may signal competitive or cost pressure.

Earnings Quality

Red Flag

FCF consistently trails net income (avg 1.0x) — earnings may be inflated by non-cash items or aggressive accounting.

Price & Volume

Market Cap $3.61B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $606.91M
Q. Revenue: $152.16M
TTM EBITDA: $257.54M
TTM Op. Income: $206.77M
Q. Op. Income: $53.65M
TTM Net Income: $195.68M
Q. Net Income: $49.42M
EPS: $1.06
Shares Out.: $46.65M

$606.91M in TTM revenue declined 8.3% YoY, reaching $152.16M last quarter. TTM EBITDA of $257.54M and TTM operating income of $206.77M show growth is flowing through to the bottom line. TTM net income of $195.68M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has fallen for 2 consecutive quarters — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 75.8%
EBITDA Margin: 44.1%
Op. Margin: 35.3%
Net Margin: 32.5%

Op. margin of 35.3% is down 4.6% YoY — costs are rising relative to revenue. Net margin at 32.5% and gross margin of 75.8% show how much of each revenue dollar survives to profit. Over the past year, operating margin is down 12% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 18.4x
P/S Ratio: 5.9x
P/B Ratio: 2.1x

At 18.4x P/E, the stock trades within typical market levels. P/S of 5.9x and P/B of 2.1x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has fallen for 3 consecutive quarters — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $1.89B
Cash: $120.56M
Long-Term Debt: N/A
Book Value: $1.68B
D/E Ratio: N/A
Debt/EBITDA: 0.0

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $24.98M
TTM Free Cash Flow: $220.02M
FCF Margin: 36.3%
FCF / Net Income: 1.1

TTM FCF of $220.02M on $24.98M in operating cash flow. The FCF / Net Income ratio of 1.1x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 54% — a weakening trend.