Universal Display (OLED) - Net Assets
Based on the latest financial reports, Universal Display (OLED) has net assets worth $1.70 Billion USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.89 Billion) and total liabilities ($190.74 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check OLED tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.70 Billion |
| % of Total Assets | 89.93% |
| Annual Growth Rate | 24.31% |
| 5-Year Change | 60.11% |
| 10-Year Change | 233.23% |
| Growth Volatility | 105.75 |
Universal Display - Net Assets Trend (1996–2025)
This chart illustrates how Universal Display's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of Universal Display to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Universal Display (1996–2025)
The table below shows the annual net assets of Universal Display from 1996 to 2025. For live valuation and market cap data, see Universal Display market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $1.76 Billion | +8.94% |
| 2024-12-31 | $1.62 Billion | +11.70% |
| 2023-12-31 | $1.45 Billion | +13.48% |
| 2022-12-31 | $1.28 Billion | +15.95% |
| 2021-12-31 | $1.10 Billion | +20.51% |
| 2020-12-31 | $912.71 Million | +12.48% |
| 2019-12-31 | $811.45 Million | +17.52% |
| 2018-12-31 | $690.51 Million | +4.77% |
| 2017-12-31 | $659.05 Million | +24.71% |
| 2016-12-31 | $528.47 Million | +13.22% |
| 2015-12-31 | $466.76 Million | +4.02% |
| 2014-12-31 | $448.74 Million | +4.92% |
| 2013-12-31 | $427.69 Million | +22.11% |
| 2012-12-31 | $350.24 Million | +2.34% |
| 2011-12-31 | $342.23 Million | +495.91% |
| 2010-12-31 | $57.43 Million | -3.69% |
| 2009-12-31 | $59.63 Million | -22.27% |
| 2008-12-31 | $76.71 Million | -14.01% |
| 2007-12-31 | $89.22 Million | +64.05% |
| 2006-12-31 | $54.38 Million | -5.61% |
| 2005-12-31 | $57.62 Million | -2.65% |
| 2004-12-31 | $59.19 Million | +52.13% |
| 2003-12-31 | $38.91 Million | +15.56% |
| 2002-12-31 | $33.67 Million | -11.62% |
| 2001-12-31 | $38.10 Million | +27.73% |
| 2000-12-31 | $29.83 Million | +216.42% |
| 1999-12-31 | $9.43 Million | +262.56% |
| 1998-12-31 | $2.60 Million | -49.02% |
| 1997-12-31 | $5.10 Million | +59.38% |
| 1996-12-31 | $3.20 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Universal Display's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 109357900000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.09 Billion | 61.92% |
| Common Stock | $489.00K | 0.03% |
| Other Comprehensive Income | $781.00K | 0.04% |
| Other Components | $669.27 Million | 38.00% |
| Total Equity | $1.76 Billion | 100.00% |
Universal Display Competitors by Market Cap
The table below lists competitors of Universal Display ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Caesars Entertainment Corporation
NASDAQ:CZR
|
$3.95 Billion |
|
Cosan SA ADR
NYSE:CSAN
|
$3.96 Billion |
|
Southwest Securities Co Ltd
SHG:600369
|
$3.96 Billion |
|
L&T Technology Services Limited
NSE:LTTS
|
$3.96 Billion |
|
Nice Ltd
TA:NICE
|
$3.95 Billion |
|
LIFE360 Inc
AU:360
|
$3.95 Billion |
|
Yuhan Corp.
KO:000100
|
$3.95 Billion |
|
Trex Company Inc
NYSE:TREX
|
$3.95 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Universal Display's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,616,525,000 to 1,761,019,000, a change of 144,494,000 (8.9%).
- Net income of 242,075,000 contributed positively to equity growth.
- Dividend payments of 85,549,000 reduced retained earnings.
- Share repurchases of 32,881,000 reduced equity.
- New share issuances of 2,020,000 increased equity.
- Other comprehensive income increased equity by 1,836,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $242.07 Million | +13.75% |
| Dividends Paid | $85.55 Million | -4.86% |
| Share Repurchases | $32.88 Million | -1.87% |
| Share Issuances | $2.02 Million | +0.11% |
| Other Comprehensive Income | $1.84 Million | +0.1% |
| Other Changes | $16.99 Million | +0.96% |
| Total Change | $- | 8.94% |
Book Value vs Market Value Analysis
This analysis compares Universal Display's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.29x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1995-12-31 | $-0.08 | $84.52 | x |
| 1996-12-31 | $0.37 | $84.52 | x |
| 1997-12-31 | $0.55 | $84.52 | x |
| 1998-12-31 | $0.25 | $84.52 | x |
| 1999-12-31 | $0.77 | $84.52 | x |
| 2000-12-31 | $1.95 | $84.52 | x |
| 2001-12-31 | $2.24 | $84.52 | x |
| 2002-12-31 | $1.75 | $84.52 | x |
| 2003-12-31 | $1.73 | $84.52 | x |
| 2004-12-31 | $2.21 | $84.52 | x |
| 2005-12-31 | $2.02 | $84.52 | x |
| 2006-12-31 | $1.76 | $84.52 | x |
| 2007-12-31 | $2.64 | $84.52 | x |
| 2008-12-31 | $2.13 | $84.52 | x |
| 2009-12-31 | $1.63 | $84.52 | x |
| 2010-12-31 | $1.53 | $84.52 | x |
| 2011-12-31 | $7.58 | $84.52 | x |
| 2012-12-31 | $7.47 | $84.52 | x |
| 2013-12-31 | $9.19 | $84.52 | x |
| 2014-12-31 | $9.61 | $84.52 | x |
| 2015-12-31 | $9.83 | $84.52 | x |
| 2016-12-31 | $11.36 | $84.52 | x |
| 2017-12-31 | $14.08 | $84.52 | x |
| 2018-12-31 | $14.72 | $84.52 | x |
| 2019-12-31 | $17.27 | $84.52 | x |
| 2020-12-31 | $19.32 | $84.52 | x |
| 2021-12-31 | $23.22 | $84.52 | x |
| 2022-12-31 | $26.87 | $84.52 | x |
| 2023-12-31 | $30.39 | $84.52 | x |
| 2024-12-31 | $33.92 | $84.52 | x |
| 2025-12-31 | $36.95 | $84.52 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Universal Display utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 13.75%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 37.21%
- • Asset Turnover: 0.33x
- • Equity Multiplier: 1.12x
- Recent ROE (13.75%) is above the historical average (-18.27%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1995 | 0.00% | -3100.00% | 0.00x | 0.00x | $-3.04 Million |
| 1996 | -56.25% | -1800.00% | 0.03x | 1.03x | $-2.12 Million |
| 1997 | -115.69% | -5900.00% | 0.02x | 1.06x | $-6.41 Million |
| 1998 | -107.69% | -700.00% | 0.13x | 1.19x | $-3.06 Million |
| 1999 | -54.37% | -986.46% | 0.05x | 1.09x | $-6.07 Million |
| 2000 | -31.95% | -1933.83% | 0.02x | 1.08x | $-12.51 Million |
| 2001 | -42.93% | -1305.46% | 0.03x | 1.27x | $-20.17 Million |
| 2002 | -92.13% | -1268.54% | 0.06x | 1.18x | $-34.39 Million |
| 2003 | -44.60% | -263.20% | 0.14x | 1.19x | $-21.24 Million |
| 2004 | -26.66% | -225.16% | 0.09x | 1.25x | $-21.70 Million |
| 2005 | -27.43% | -155.71% | 0.14x | 1.28x | $-21.56 Million |
| 2006 | -27.93% | -127.39% | 0.16x | 1.33x | $-20.63 Million |
| 2007 | -17.91% | -141.31% | 0.11x | 1.18x | $-24.90 Million |
| 2008 | -24.95% | -172.82% | 0.12x | 1.25x | $-26.81 Million |
| 2009 | -34.39% | -129.89% | 0.20x | 1.34x | $-26.47 Million |
| 2010 | -34.68% | -65.21% | 0.33x | 1.61x | $-25.66 Million |
| 2011 | 0.92% | 5.15% | 0.16x | 1.09x | $-31.07 Million |
| 2012 | 2.76% | 11.60% | 0.22x | 1.10x | $-25.36 Million |
| 2013 | 17.31% | 50.50% | 0.32x | 1.08x | $31.28 Million |
| 2014 | 9.33% | 21.91% | 0.39x | 1.09x | $-3.02 Million |
| 2015 | 3.14% | 7.68% | 0.34x | 1.20x | $-32.00 Million |
| 2016 | 9.10% | 24.17% | 0.32x | 1.19x | $-4.78 Million |
| 2017 | 15.76% | 30.95% | 0.43x | 1.18x | $37.98 Million |
| 2018 | 8.52% | 23.78% | 0.27x | 1.35x | $-10.21 Million |
| 2019 | 17.04% | 34.13% | 0.36x | 1.38x | $57.16 Million |
| 2020 | 14.61% | 31.10% | 0.34x | 1.39x | $42.10 Million |
| 2021 | 16.75% | 33.28% | 0.38x | 1.33x | $74.22 Million |
| 2022 | 16.47% | 34.07% | 0.40x | 1.20x | $82.52 Million |
| 2023 | 14.03% | 35.22% | 0.35x | 1.15x | $58.29 Million |
| 2024 | 13.74% | 34.29% | 0.35x | 1.13x | $60.43 Million |
| 2025 | 13.75% | 37.21% | 0.33x | 1.12x | $65.97 Million |
Industry Comparison
This section compares Universal Display's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $397,595,653
- Average return on equity (ROE) among peers: 9.00%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Universal Display (OLED) | $1.70 Billion | 0.00% | 0.11x | $3.95 Billion |
| Allient Inc. (ALNT) | $119.19 Million | 14.28% | 1.57x | $1.55 Billion |
| Amphenol Corporation (APH) | $2.18 Billion | 23.99% | 1.03x | $180.35 Billion |
| Bel Fuse A Inc (BELFA) | $244.53 Million | 10.77% | 0.20x | $561.94 Million |
| Bel Fuse B Inc (BELFB) | $72.80 Million | 12.23% | 0.14x | $3.63 Billion |
| Benchmark Electronics Inc (BHE) | $1.11 Billion | 5.69% | 0.92x | $2.22 Billion |
| Cps Technologies (CPSH) | $8.86 Million | 10.90% | 0.26x | $131.22 Million |
| CTS Corporation (CTS) | $122.50 Million | 3.43% | 0.44x | $1.36 Billion |
| Data I/O Corporation (DAIO) | $13.87 Million | 7.92% | 0.39x | $25.54 Million |
| Daktronics Inc (DAKT) | $19.90 Million | -1.01% | 0.90x | $983.24 Million |
| Deswell Industries Inc (DSWL) | $76.20 Million | 1.81% | 0.19x | $51.47 Million |
About Universal Display
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 FOL… Read more