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 $3.8B against $2.1B — 1.8× the size. Ouster, Inc. has negative trailing earnings, so its P/E is not meaningful; Universal Display Corporation trades at 18.2×. Ouster, Inc. grew revenue faster over the last twelve months: 62.8% against −1.91%. Universal Display Corporation has the higher net margin (36.7% vs −26.0%) and the higher return on invested capital (11.0% 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 18.20 n/m 29.99
P/S 6.56 9.15 2.58
P/B 2.47 5.05 3.23
Price to free cash flow 22.67 n/m 23.42
EV/EBITDA 13.79 n/m 16.84
EV/Sales 5.87 8.09 2.73
Earnings yield 5.49% (2.99%) 2.11%
Free cash flow yield 4.41% (4.40%) 1.51%

Profitability

Metric OLED OUST Electronic Components median
Gross margin 74.94% 49.60% 32.78%
Operating margin 34.62% (30.55%) 4.90%
Net margin 36.71% (26.02%) 3.46%
Free cash flow margin 28.93% (40.25%) 1.66%
Return on equity 13.52% (18.01%) 5.10%
Return on assets 12.05% (13.39%) 4.13%
Return on invested capital 11.03% (35.61%) 4.66%

Growth

Metric OLED OUST Electronic Components median
Revenue growth (TTM) (1.91%) 62.82% 13.94%
EPS growth (last fiscal year) 9.25% 48.56% 35.44%
Revenue growth, 5-year CAGR 8.69% 55.05% 6.70%
Net income growth, 5-year CAGR 12.82% 0.00% 7.53%

Health

Metric OLED OUST Electronic Components median
Debt to equity 0.00 0.00 0.11
Current ratio 7.56 4.16 2.63
Net debt to EBITDA (2.04) 3.26 0.41

Dividend

Metric OLED OUST Electronic Components median
Dividend yield 2.17% — 0.98%
Payout ratio 0.40 — 0.32

Size

Metric OLED OUST Electronic Components median
Market cap 3.78b 2.14b 1.18b

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