What is Universal Display Corp PA worth?
With the base-case assumptions below, a discounted cash flow model on Universal Display Corp PA's reported free cash flow gives $74.70 per share. The share price was $90.38 on November 10, 2026, 21% above that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 3.5% | 10.0% | $47.27 | -48% |
| Base | 8.5% | 9.0% | $74.70 | -17% |
| Bull | 13.5% | 8.0% | $129.38 | +43% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $95.21 | $101.50 | $109.20 | $118.81 | $131.18 |
| 8.0% | $79.88 | $83.96 | $88.78 | $94.57 | $101.65 |
| 9.0% | $68.69 | $71.48 | $74.70 | $78.46 | $82.90 |
| 10.0% | $60.17 | $62.16 | $64.41 | $66.98 | $69.94 |
| 11.0% | $53.48 | $54.94 | $56.57 | $58.39 | $60.47 |
Where the presets come from
Base: years 1 to 5 grow at Universal Display Corp PA's revenue growth rate over the last 5 fiscal years (8.7% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions