Universal Display Corporation Financial Ratios — OLED Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	1.58	2.79	19.04	9.55	3.21	9.66	17.5	8.72	18.42	15.47	18.31	17.69	14.91	14.5	14.33
Return on Assets (%)	1.35	2.54	17.46	8.79	2.8	8.1	14.76	6.87	13.47	11.16	13.47	14.01	12.68	12.69	12.75
Return on Capital (%)	- -	2.8	- -	9.56	3.21	9.66	17.5	8.72	18.42	15.41	18	17.28	14.63	14.3	14.17
Return on Invested Capital (%)	- -	2.57	- -	9.44	3.13	9.63	17.11	7.69	17.16	14.84	17.95	17.21	12.96	12.55	11.95
Gross Margin (%)	93.91	94.56	80.3	78.37	67.03	86.78	83.7	78.36	81.4	80.07	79.23	79.26	76.51	77.08	76.31
EBITDA Margin (%)	11.73	24.65	34.96	37.53	24.27	44.84	51.59	35.29	47.57	45.4	48.71	50.17	45.21	43.69	45.37
Operating Margin (%)	9.28	16.43	26.08	30.69	16.89	34.4	43.57	22.93	39.08	36.73	41.13	43.32	37.68	36.87	38.21
Incremental Operating Margin (%)	51.76	36.39	38.75	45.9	-175,626.67	460.93	56.92	101.47	64.41	-3.45	56.25	62.55	124.21	30.33	333.96
Pretax Margin (%)	3.98	17.86	26.6	31.06	17.3	34.49	44.55	25.99	41.93	38.13	41.24	43.5	42.53	42.02	45.31
Profit Margin (%)	5.15	11.6	50.5	21.91	7.68	24.17	30.95	23.78	34.13	31.1	33.28	34.07	35.22	34.29	37.21
Net Income to Common Margin (%)	5.15	11.6	50.5	21.91	7.68	24.17	30.95	23.78	34.13	31.1	33.28	34.07	35.22	34.29	37.21
Effective Tax Rate (%)	- -	35.03	- -	29.45	55.6	29.93	30.53	8.51	18.6	18.44	19.29	21.69	17.2	18.39	17.88
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	5.44	19.23	13.63	21.33	20.59	27.13	32.87	34.3	35.34
Sustainable Growth Rate (%)	1.58	2.79	19.04	9.55	3.21	9.66	16.54	7.04	15.91	12.17	14.54	12.89	10.01	9.52	9.27

Credit (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	7	27	29	23	19	19
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	7	27	29	23	19	19
Total Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.04	0.1	0.09	0.09	0.07	0.07
Net Debt/EBITDA	-15.56	-4.19	-1.38	-0.63	-2.1	-1.56	-0.77	-2.42	-0.68	-3.24	-1.16	-0.3	-0.35	-0.35	-0.47
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.04	0.12	0.11	0.11	0.08	0.08
Net Debt/EBIT	-19.66	-6.28	-1.85	-0.77	-3.02	-2.04	-0.91	-3.72	-0.83	-4	-1.37	-0.35	-0.42	-0.41	-0.56
EBITDA to Interest Expense	143.74	427.56	1,090.66	1,024.2	858.54	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	82.46	-1,902.42	982.81	936.3	764.04	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	113.74	284.92	813.7	837.43	597.7	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	91.53	90.85	92.42	91.61	83.44	84.21	84.5	73.98	72.44	71.91	74.98	83.2	86.71	88.22	89.68
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.75	2.48	2.28	1.58	1.18	1.09
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.75	2.42	2.23	1.55	1.17	1.08
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.54	1.86	1.89	1.37	1.04	0.98
Total Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.75	2.48	2.28	1.58	1.18	1.09
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.75	2.42	2.23	1.55	1.17	1.08
Total Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.54	1.86	1.89	1.37	1.04	0.98
Net Debt to Equity	-32.67	-24.53	-16.5	-10.12	-20.89	-26.37	-20.16	-30.56	-16.22	-69.03	-28.37	-7.33	-6.36	-6.12	-7.86
Net Debt/Capital (%)	-48.52	-32.51	-19.77	-11.26	-26.41	-35.82	-25.24	-44.01	-19.36	-217.56	-38.27	-7.72	-6.67	-6.44	-8.43
EBITDA	7	21	51	72	46	89	173	87	193	195	270	309	261	283	295
EBITDA-CapEx	4	-91	46	66	41	-14	143	62	162	167	226	262	134	240	229
Operating Income (Loss)	6	14	38	59	32	68	146	57	158	158	228	267	217	239	249

Liquidity (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	17.73	10.94	11.74	10.76	11.46	8.16	6.59	3.87	4	4.43	3.53	4.26	4.33	3.93	5.58
Current Ratio	18.56	12	14.08	13.81	12.97	9.58	8.13	4.77	4.91	5.61	4.93	6.63	7.72	7.18	10.06
Quick Ratio	18.28	11.33	12.41	11.58	12.18	8.78	7.41	4.19	4.37	4.92	4.1	4.94	5.5	4.83	6.69
CFO/Avg Current Liab	0.74	0.85	1.98	1.89	3.7	2.15	2.56	1.24	1.32	0.91	1.08	0.78	1.22	2.08	1.81
Common Equity/Total Assets	91.53	90.85	92.42	91.61	83.44	84.21	84.5	73.98	72.44	71.91	74.98	83.2	86.71	88.22	89.68
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.75	2.48	2.28	1.58	1.18	1.09
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.75	2.42	2.23	1.55	1.17	1.08
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.54	1.86	1.89	1.37	1.04	0.98
Total Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.75	2.48	2.28	1.58	1.18	1.09
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.75	2.42	2.23	1.55	1.17	1.08
Total Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.54	1.86	1.89	1.37	1.04	0.98
CFO/Total Liabilities	51.84	50.31	128.29	115	122.63	81.07	110.31	50.14	62.81	41.74	52.07	49.26	69.8	117.58	103.99
CFO/CapEx	5.36	0.16	8.87	7.68	22.26	0.78	4.47	4.8	6.37	5.3	4.39	2.69	1.22	5.95	3.17
Altman's Z-Score	32.59	20.68	28.53	20.17	17.91	17.8	42.8	12.47	21.05	20.44	14.95	14.29	26.67	21.41	18.54

Working Capital (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	6.82	8.59	12.06	10.13	8.16	8	8.68	5.18	7.82	6.01	5.83	6.16	4.96	5.11	5.57
Days Sales Outstanding	53.52	42.5	30.26	36.05	44.71	45.63	42.06	70.43	46.65	60.73	62.61	59.28	73.61	71.43	65.53
Inventory Turnover	1.94	0.61	2.67	1.73	2.53	1.75	2.04	1.01	1.13	1.1	1.02	0.81	0.75	0.83	0.73
Days Inventory Outstanding	187.98	598.97	136.54	210.72	144.43	208.7	178.77	362.22	324.33	332.09	358.29	452.88	483.99	440.98	501.88
Accounts Payable Turnover	2.19	1.89	4.43	9.35	4.8	4.12	6.73	7.18	5.82	8.35	10.96	14.46	12.51	6.55	7.08
Accounts Payable Turnover Days	167.02	192.93	82.4	39.06	76.09	88.49	54.23	50.83	62.73	43.72	33.31	25.24	29.17	55.74	51.57
Cash Conversion Cycle	74.48	448.53	84.4	207.71	113.05	165.83	166.59	381.82	308.26	349.11	387.59	486.93	528.43	456.67	515.84
Inventory to Cash Days	-134.45	-556.47	-106.28	-174.68	-99.72	-163.07	-136.71	-291.78	-277.68	-271.36	-295.67	-393.6	-410.37	-369.55	-436.35
Inventories	4	11	11	37	13	17	36	70	64	92	134	183	176	183	241
Raw Materials	- -	- -	- -	8	7	7	17	31	26	47	75	115	113	107	144
Work In Process	- -	- -	4	4	1	4	3	1	8	10	16	8	9	16	24
Finished Goods	- -	- -	7	25	5	7	16	38	30	35	43	60	53	60	73
Other Inventory	4	11	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	1,692	1,188	1,595	1,268	2,546	2,641	8,135	4,428	9,786	10,949	7,872	5,161	9,059	6,940	5,519
- Cash & Cash Equivalents	112	86	71	45	98	139	133	211	132	630	312	93	92	99	138
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	7	27	29	23	19	19
Enterprise Value	1,346	944	1,323	980	2,151	2,313	7,715	3,912	9,139	10,226	7,236	4,612	8,568	6,466	4,936
Total Capital	342	350	428	449	467	528	659	691	811	920	1,127	1,304	1,470	1,636	1,780
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.75	2.42	2.23	1.55	1.17	1.08
Total Debt / EV	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.01	- -	- -	- -
EV/Sales	21.96	11.34	9.02	5.13	11.26	11.63	22.99	15.81	22.56	23.85	13.07	7.48	14.86	9.98	7.59
EV/EBITDA	187.26	45.98	25.8	13.67	46.39	25.94	44.56	44.81	47.41	52.52	26.84	14.91	32.88	22.85	16.72
EV/EBIT	236.65	69	34.58	16.71	66.64	33.81	52.75	68.96	57.72	64.92	31.79	17.27	39.45	27.08	19.86
EV/Cash Flow to Firm	81.69	53.06	29.34	20.71	18.93	28.79	57.85	32.12	47.13	68.73	37.86	36.37	55.36	25.48	23.41
EV/Free Cash Flow to Firm	68.88	7.28	26.37	18.32	18.11	12.6	47.28	26.58	40.73	57.83	30.84	26.5	30.48	21.82	17.8
Diluted Market Cap	1,656	1,201	1,599	1,296	2,586	2,620	8,081	4,388	9,684	10,855	7,817	5,128	9,108	6,967	5,566
Diluted Enterprise Value	1,544	1,115	1,529	1,250	2,488	2,481	7,948	4,177	9,553	10,232	7,532	5,064	9,039	6,887	5,446
EV per Share	29.18	20.36	28.49	21.44	45.98	49.31	163.73	82.68	192.46	214.62	151.7	96.55	180.89	136.22	104.44
TTM Sales	61	83	147	191	191	199	336	247	405	429	554	617	576	648	651
TTM EBITDA	7	21	51	72	46	89	173	87	193	195	270	309	261	283	295
TTM Operating Income	6	14	38	59	32	68	146	57	158	158	228	267	217	239	249
TTM Cash Flow to Firm	16	18	45	47	114	80	133	122	194	149	191	127	155	254	211
TTM Free Cash Flow to Firm	20	130	50	53	119	184	163	147	224	177	235	174	281	296	277

Multiples (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	85.05	9.27	31.95	24.25	21.78	14.27	49.53	29.81	43.16	61.38	33.31	29.47	32.4	23.51	20.07
EV/EBIT	236.65	69	34.58	16.71	66.64	33.81	52.75	68.96	57.72	64.92	31.79	17.27	39.45	27.08	19.86
Enterprise Value	1,346	944	1,323	980	2,151	2,313	7,715	3,912	9,139	10,226	7,236	4,612	8,568	6,466	4,936
Low Price	22.73	21.55	24.87	22.69	25.61	40.44	56.15	78.75	78.78	105.11	139.83	89.41	105.73	145.26	103.7
EV/Sales	21.96	11.34	9.02	5.13	11.26	11.63	22.99	15.81	22.56	23.85	13.07	7.48	14.86	9.98	7.59
EV/EBITDA	187.26	45.98	25.8	13.67	46.39	25.94	44.56	44.81	47.41	52.52	26.84	14.91	32.88	22.85	16.72
Price/Earnings	508.64	121.87	21.3	30.67	173.64	54.35	77.65	74.5	69.97	81.32	42.37	24.37	44.81	31.3	22.94
Price/Earnings Average	587.5	167.53	19.4	33.84	137.14	55.3	51.54	90.58	57.83	62.27	52.67	28.12	34.86	39.13	27.7
Price/Earnings High	881.41	228.66	24.63	43.89	184.77	71.82	86.69	166.41	78.2	87.4	67.47	40.33	45.65	50.74	32.27
Price/Earnings Low	315.11	102.51	15.41	25.07	81.68	39.04	25.26	62.7	26.75	37.2	35.9	20.17	24.77	31.1	20.37
Price/Book Value	4.94	3.39	3.73	2.83	5.46	5	12.34	6.41	12.06	12	7.16	4.05	6.26	4.29	3.13
Price/Book Value Average	5.71	4.66	3.4	3.12	4.31	5.09	8.19	7.8	9.97	9.19	8.9	4.67	4.87	5.37	3.78
Price/Book Value High	8.57	6.36	4.31	4.05	5.81	6.6	13.78	14.32	13.48	12.89	11.4	6.7	6.38	6.96	4.41
Price/Book Value Low	3.06	2.85	2.7	2.31	2.57	3.59	4.01	5.4	4.61	5.49	6.06	3.35	3.46	4.27	2.78
Price/Tangible Book Value	4.95	4.84	4.78	3.47	6.45	7.67	16.36	8.04	14.12	13.41	7.68	4.25	6.79	4.56	3.28
Price/Tangible Book Value Average	5.72	6.65	4.35	3.83	5.09	7.8	10.86	9.78	11.67	10.27	9.55	4.91	5.28	5.7	3.96
Price/Tangible Book Value High	8.58	9.07	5.53	4.96	6.86	10.13	18.27	17.96	15.78	14.42	12.23	7.04	6.92	7.39	4.61
Price/Tangible Book Value Low	3.07	4.07	3.46	2.84	3.03	5.51	5.32	6.77	5.4	6.14	6.51	3.52	3.75	4.53	2.91
Price/Sales	26.18	14.14	10.75	6.72	13.34	13.14	24.04	17.72	23.88	25.29	14.1	8.3	15.78	10.73	8.53
Price/Sales Average	30.24	19.44	9.8	7.42	10.54	13.37	15.95	21.54	19.74	19.36	17.53	9.58	12.28	13.42	10.3
Price/Sales High	45.37	26.53	12.44	9.62	14.2	17.36	26.83	39.58	26.69	27.18	22.45	13.74	16.08	17.4	12.01
Price/Sales Low	16.22	11.9	7.78	5.49	6.28	9.44	7.82	14.91	9.13	11.57	11.95	6.87	8.72	10.66	7.58
Price/Cash Flow	97.8	66.31	35.06	27.15	22.43	32.52	60.49	35.99	49.9	72.9	40.84	40.37	58.77	27.4	26.34
Price/Cash Flow Average	112.96	91.15	31.93	29.97	17.72	33.09	40.15	43.76	41.25	55.81	50.77	46.58	45.72	34.25	31.8
Price/Cash Flow High	169.47	124.42	40.54	38.87	23.87	42.97	67.53	80.39	55.78	78.35	65.03	66.8	59.87	44.41	37.05
Price/Cash Flow Low	60.59	55.78	25.37	22.2	10.55	23.36	19.67	30.29	19.08	33.34	34.61	33.41	32.49	27.22	23.39
Price/Free Cash Flow Average	98.24	12.74	29.1	26.76	17.2	14.52	32.87	36.25	35.67	47	41.41	34	25.21	29.38	24.23
Price/Free Cash Flow High	147.38	17.39	36.95	34.71	23.18	18.85	55.29	66.59	48.24	65.97	53.04	48.76	33.01	38.11	28.24
Price/Free Cash Flow Low	52.69	7.8	23.12	19.83	10.25	10.25	16.11	25.09	16.5	28.08	28.22	24.39	17.91	23.36	17.82
EV/Sales Average	30.06	18.58	9.43	7.09	10.02	12.81	15.69	20.91	19.64	18.1	17.16	9.55	12.11	13.27	10.06
EV/Sales High	46.01	25.74	12.1	9.27	13.67	16.85	26.66	39.12	26.67	25.99	22.13	13.74	15.89	17.25	11.75
EV/Sales Low	15.28	10.97	7.39	5.19	5.76	8.84	7.49	14.21	8.91	10.22	11.54	6.82	8.57	10.52	7.35
EV/EBITDA Average	256.36	75.36	26.97	18.89	41.28	28.57	30.41	59.24	41.28	39.86	35.24	19.04	26.78	30.38	22.17
EV/EBITDA High	392.39	104.39	34.61	24.69	56.34	37.57	51.68	110.86	56.06	57.24	45.43	27.39	35.15	39.48	25.9
EV/EBITDA Low	130.29	44.49	21.15	13.83	23.74	19.71	14.51	40.26	18.72	22.52	23.68	13.6	18.95	24.09	16.2
EV/EBIT Average	323.97	113.09	36.14	23.1	59.29	37.24	36.01	91.17	50.25	49.27	41.74	22.05	32.13	35.99	26.33
EV/EBIT High	495.88	156.65	46.39	30.19	80.93	48.97	61.19	170.6	68.24	70.75	53.81	31.73	42.17	46.78	30.76
EV/EBIT Low	164.65	66.76	28.34	16.92	34.09	25.69	17.18	61.96	22.79	27.84	28.05	15.75	22.74	28.54	19.24
Last Price	36.69	25.62	34.36	27.75	54.44	56.3	172.65	93.57	206.07	229.8	165.03	108.04	191.26	146.2	116.78
High Price	63.58	48.07	39.74	39.72	57.93	74.39	192.75	209	230.32	246.98	262.77	178.75	194.84	237	164.29
Enterprise Value Average	1,842	1,547	1,382	1,354	1,914	2,548	5,266	5,172	7,956	7,761	9,501	5,891	6,979	8,595	6,545
Enterprise Value High	2,820	2,142	1,774	1,770	2,612	3,351	8,949	9,679	10,805	11,145	12,249	8,475	9,160	11,170	7,645
Enterprise Value Low	936	913	1,084	992	1,100	1,758	2,513	3,515	3,609	4,385	6,385	4,207	4,939	6,815	4,782

Shares Outstanding	46	46	46	46	47	47	47	47	47	48	48	48	47	47	47
Diluted Weighted Avg Shares	45	47	47	47	47	47	47	47	47	47	47	47	48	48	48
Basic Weighted Avg Shares	44	46	46	46	47	46	47	47	47	47	47	47	48	48	48
Revenue per Share	1.4	1.81	3.19	4.13	4.08	4.29	7.18	5.28	8.63	9.09	11.7	13.01	12.12	13.62	13.68
EBITDA per Share	0.16	0.45	1.12	1.55	0.99	1.92	3.71	1.86	4.1	4.13	5.7	6.53	5.48	5.95	6.21
Operating Income per Share	0.13	0.3	0.83	1.27	0.69	1.47	3.13	1.21	3.37	3.34	4.81	5.64	4.57	5.02	5.23
Basic EPS, GAAP	0.07	0.21	1.61	0.9	0.31	1.04	2.22	1.26	2.95	2.83	3.89	4.43	4.27	4.67	5.09
Basic EPS from Cont Ops	0.07	0.21	1.61	0.9	0.31	1.04	2.22	1.26	2.95	2.83	3.89	4.43	4.27	4.67	5.09
Diluted EPS, GAAP	0.07	0.21	1.59	0.9	0.31	1.03	2.22	1.25	2.94	2.82	3.89	4.43	4.26	4.66	5.08
Diluted EPS from Cont Ops	0.07	0.21	1.59	0.9	0.31	1.03	2.22	1.25	2.94	2.82	3.89	4.43	4.26	4.66	5.08
Dividend per Share	- -	- -	- -	- -	- -	- -	0.12	0.24	0.4	0.6	0.8	1.2	1.4	1.6	1.8
Cash Flow per Share	0.38	0.39	0.98	1.02	2.43	1.73	2.85	2.6	4.13	3.15	4.04	2.68	3.25	5.34	4.43
Free Cash Flow per Basic Share	0.31	-2.05	0.87	0.89	2.32	-0.49	2.22	2.06	3.48	2.56	3.12	1.68	0.6	4.44	3.04
Cash & Equivalents per Share	7.51	5.26	5.87	6.31	8.46	6.99	8.92	10.89	13.61	15.32	13.9	12.09	10.85	10.38	12.75
Book Value per Share	7.42	7.56	9.21	9.82	9.98	11.26	13.99	14.59	17.09	19.16	23.06	26.7	30.55	34.05	37.26
Tangible Book Value per Share	7.41	5.3	7.19	8	8.44	7.35	10.55	11.63	14.59	17.13	21.49	25.4	28.17	32.06	35.65

Universal Display Corporation

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)