Universal Display Corporation (OLED) vs Ralliant Corporation (RAL)

Universal Display Corporation and Ralliant Corporation are both Electronic Components companies. Ralliant Corporation is the larger, with a market value of $7.6B against $3.6B — 2.1× the size. Ralliant Corporation has negative trailing earnings, so its P/E is not meaningful; Universal Display Corporation trades at 18.8×. Ralliant Corporation grew revenue faster over the last twelve months: 6.61% against −8.32%. Universal Display Corporation has the higher net margin (32.2% vs −56.4%) and the higher return on invested capital (10.7% vs −30.2%). Both pay a dividend; Universal Display Corporation yields more (2.50% vs 0.30%). Across the 20 metrics below, Universal Display Corporation leads on 17 and Ralliant Corporation on 3.

Valuation

Metric OLED RAL Electronic Components median
P/E 18.78 n/m 30.82
P/S 5.99 3.39 2.84
P/B 2.16 4.83 2.93
Price to free cash flow 21.39 22.62 28.42
EV/EBITDA 12.29 22.28 16.22
EV/Sales 5.22 4.04 2.94
Earnings yield 5.32% (16.41%) 1.67%
Free cash flow yield 4.68% 4.42% 0.58%

Profitability

Metric OLED RAL Electronic Components median
Gross margin 75.33% 50.95% 33.21%
Operating margin 34.07% (53.31%) 3.90%
Net margin 32.22% (56.38%) 2.90%
Free cash flow margin 28.01% 14.99% 0.20%
Return on equity 11.51% (53.90%) 2.60%
Return on assets 10.24% (27.75%) 2.50%
Return on invested capital 10.66% (30.20%) 2.28%

Growth

Metric OLED RAL Electronic Components median
Revenue growth (TTM) (8.32%) 6.61% 12.21%
EPS growth (last fiscal year) 9.25% (442.61%) 42.31%
Revenue growth, 5-year CAGR 8.69% — 7.19%
Net income growth, 5-year CAGR 12.82% — 0.00%

Health

Metric OLED RAL Electronic Components median
Debt to equity 0.00 0.75 0.13
Current ratio 8.50 1.52 2.41
Net debt to EBITDA (2.04) 2.22 0.34

Dividend

Metric OLED RAL Electronic Components median
Dividend yield 2.50% 0.30% 0.91%
Payout ratio 0.47 — 0.29

Size

Metric OLED RAL Electronic Components median
Market cap 3.60b 7.60b 707.24m

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