Universal Display Corporation (OLED) vs Ouster, Inc. (OUST)

Universal Display Corporation and Ouster, Inc. are both Electronic Components companies. Universal Display Corporation is the larger, with a market value of $3.4B against $3.1B — 1.1× the size. Ouster, Inc. has negative trailing earnings, so its P/E is not meaningful; Universal Display Corporation trades at 18.6×. Ouster, Inc. grew revenue faster over the last twelve months: 62.8% against −8.32%. Universal Display Corporation has the higher net margin (32.2% vs −26.0%) and the higher return on invested capital (10.7% vs −35.6%). Across the 18 metrics below, Universal Display Corporation leads on 15 and Ouster, Inc. on 3.

Valuation

Metric OLED OUST Electronic Components median
P/E 18.65 n/m 39.06
P/S 5.95 14.08 3.22
P/B 2.14 7.77 3.30
Price to free cash flow 21.24 n/m 26.65
EV/EBITDA 12.19 n/m 19.69
EV/Sales 5.17 13.02 3.53
Earnings yield 5.36% (1.94%) 1.34%
Free cash flow yield 4.71% (2.86%) 0.40%

Profitability

Metric OLED OUST Electronic Components median
Gross margin 75.33% 49.60% 33.21%
Operating margin 34.07% (30.55%) 3.53%
Net margin 32.22% (26.02%) 2.57%
Free cash flow margin 28.01% (40.25%) 0.20%
Return on equity 11.51% (18.01%) 2.60%
Return on assets 10.24% (13.39%) 2.50%
Return on invested capital 10.66% (35.61%) 2.28%

Growth

Metric OLED OUST Electronic Components median
Revenue growth (TTM) (8.32%) 62.82% 12.01%
EPS growth (last fiscal year) 9.25% 48.56% —
Revenue growth, 5-year CAGR 8.69% 38.22% 7.19%
Net income growth, 5-year CAGR 12.82% 0.00% 0.00%

Health

Metric OLED OUST Electronic Components median
Debt to equity 0.00 0.00 0.16
Current ratio 8.50 4.16 2.41
Net debt to EBITDA (2.04) 3.26 0.32

Dividend

Metric OLED OUST Electronic Components median
Dividend yield 0.75% — 1.18%
Payout ratio 0.30 0.00 0.00

Size

Metric OLED OUST Electronic Components median
Market cap 3.38b 3.05b 780.25m

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