Universal Display - 3 Shares That Can Make You A Millionaire - Part 3

  Universal Display - 3 Shares That Can Make You A Millionaire - Part 3 In the last part of our series “where we talk about 3 Shares That Can Make You a Millionaire”  we will examine the Universal Display company more closely. 3 - Universal Display (NASDAQ: OLED) Universal Display (NASDAQ: OLED) is a $ 10,5 billion technology company, whose shares have almost quadrupled in the last five years. The company specializes in energy-efficient organic light-emitting diode (OLED) lighting technology found in many smartphones. OLED lighting technology, which is developing and advancing day by day, has caused the company to investigate and develop this issue in-depth. With more than 5,000 patents (both published and pending) and the right to sub-license, the company generated 43 % of its revenue (in 2020) from these licenses alone.

Universal Display - 3 Shares That Can Make You A Millionaire - Part 3

The company, which is not only a manufacturer of OLED products, but also sells the materials for them, earned 54 % of its revenue in 2020 from these sales. Another promising catalyst for the growth of The Company is that more televisions are produced with OLED displays, and these televisions get far more real estate than a small smartphone screen. This will of course require more production material. With both normal and forward price / earnings (P / E) ratios on the rise, this profitable company is also below its five-year averages. This causes it to be of reasonable value. The company is still in a position to pay a slightly higher dividend. Each of these three companies looks pretty set to perform well in the next decade. These companies can accelerate your entry into millionaires and even help some of your portfolio grow faster. Universal Display - 3 Shares That Can Make You A Millionaire - Part 3  

Source: The Motley Fool

 

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