UNITED AIRLINES HOLDINGS INC (UAL) Stock Fundamental Analysis
NASDAQ:UAL - Nasdaq - US9100471096 - Common Stock - Currency: USD
Overall UAL gets a fundamental rating of 5 out of 10. We evaluated UAL against 23 industry peers in the Passenger Airlines industry. Both the profitability and the financial health of UAL get a neutral evaluation. Nothing too spectacular is happening here. A decent growth rate in combination with a cheap valuation! Better keep an eye on UAL.
1. Profitability
1.1 Basic Checks
UAL had positive earnings in the past year.
UAL had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: UAL reported negative net income in multiple years.
Of the past 5 years UAL 4 years had a positive operating cash flow.
1.2 Ratios
UAL's Return On Assets of 4.81% is amongst the best of the industry. UAL outperforms 86.96% of its industry peers.
The Return On Equity of UAL (29.01%) is better than 95.65% of its industry peers.
With a decent Return On Invested Capital value of 8.50%, UAL is doing good in the industry, outperforming 78.26% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for UAL is below the industry average of 11.08%.
The 3 year average ROIC (6.63%) for UAL is below the current ROIC(8.50%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.81% | ||
| ROE | 29.01% | ||
| ROIC | 8.5% |
ROA(3y)3.01%
ROA(5y)-1.15%
ROE(3y)21.2%
ROE(5y)-18.81%
ROIC(3y)6.63%
ROIC(5y)N/A
1.3 Margins
UAL has a Profit Margin of 6.34%. This is amongst the best in the industry. UAL outperforms 82.61% of its industry peers.
UAL's Profit Margin has declined in the last couple of years.
The Operating Margin of UAL (9.69%) is better than 69.57% of its industry peers.
In the last couple of years the Operating Margin of UAL has declined.
UAL's Gross Margin of 63.95% is fine compared to the rest of the industry. UAL outperforms 73.91% of its industry peers.
UAL's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 9.69% | ||
| PM (TTM) | 6.34% | ||
| GM | 63.95% |
OM growth 3YN/A
OM growth 5Y-2.78%
PM growth 3YN/A
PM growth 5Y-4.52%
GM growth 3Y6.86%
GM growth 5Y0.39%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so UAL is still creating some value.
The number of shares outstanding for UAL remains at a similar level compared to 1 year ago.
UAL has more shares outstanding than it did 5 years ago.
UAL has a better debt/assets ratio than last year.
2.2 Solvency
UAL has a debt to FCF ratio of 5.73. This is a neutral value as UAL would need 5.73 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 5.73, UAL belongs to the top of the industry, outperforming 82.61% of the companies in the same industry.
A Debt/Equity ratio of 1.93 is on the high side and indicates that UAL has dependencies on debt financing.
UAL has a Debt to Equity ratio of 1.93. This is comparable to the rest of the industry: UAL outperforms 52.17% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.93 | ||
| Debt/FCF | 5.73 | ||
| Altman-Z | N/A |
ROIC/WACC1.01
WACC8.44%
2.3 Liquidity
UAL has a Current Ratio of 0.78. This is a bad value and indicates that UAL is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of UAL (0.78) is better than 69.57% of its industry peers.
A Quick Ratio of 0.72 indicates that UAL may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.72, UAL is in the better half of the industry, outperforming 69.57% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.78 | ||
| Quick Ratio | 0.72 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 10.54% over the past year.
The Earnings Per Share has been decreasing by -2.65% on average over the past years.
Looking at the last year, UAL shows a small growth in Revenue. The Revenue has grown by 5.31% in the last year.
Measured over the past years, UAL shows a small growth in Revenue. The Revenue has been growing by 5.70% on average per year.
EPS 1Y (TTM)10.54%
EPS 3YN/A
EPS 5Y-2.65%
EPS Q2Q%706.67%
Revenue 1Y (TTM)5.31%
Revenue growth 3Y32.31%
Revenue growth 5Y5.7%
Sales Q2Q%5.38%
3.2 Future
The Earnings Per Share is expected to grow by 6.78% on average over the next years.
Based on estimates for the next years, UAL will show a small growth in Revenue. The Revenue will grow by 3.39% on average per year.
EPS Next Y-2.42%
EPS Next 2Y8.41%
EPS Next 3Y10.17%
EPS Next 5Y6.78%
Revenue Next Year3.41%
Revenue Next 2Y5.37%
Revenue Next 3Y5.65%
Revenue Next 5Y3.39%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
UAL is valuated cheaply with a Price/Earnings ratio of 6.54.
Based on the Price/Earnings ratio, UAL is valued cheaply inside the industry as 95.65% of the companies are valued more expensively.
UAL is valuated cheaply when we compare the Price/Earnings ratio to 26.70, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 6.12, which indicates a rather cheap valuation of UAL.
Based on the Price/Forward Earnings ratio, UAL is valued cheaply inside the industry as 82.61% of the companies are valued more expensively.
UAL's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.49.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.54 | ||
| Fwd PE | 6.12 |
4.2 Price Multiples
UAL's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. UAL is cheaper than 91.30% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, UAL is valued cheaper than 86.96% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.15 | ||
| EV/EBITDA | 3.76 |
4.3 Compensation for Growth
UAL has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y8.41%
EPS Next 3Y10.17%
5. Dividend
5.1 Amount
No dividends for UAL!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
NASDAQ:UAL (5/20/2025, 3:50:08 PM)
76.16
-2.46 (-3.13%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryPassenger Airlines
Earnings (Last)
Earnings (Next)
Inst Owners87.82%
Inst Owner Change0.67%
Ins Owners0.47%
Ins Owner Change2.25%
Market Cap24.87B
Analysts82.22
Price Target92.39 (21.31%)
Short Float %4.63%
Short Ratio1.46
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)13.3%
Min EPS beat(2)7.59%
Max EPS beat(2)19.01%
EPS beat(4)4
Avg EPS beat(4)8.72%
Min EPS beat(4)4.11%
Max EPS beat(4)19.01%
EPS beat(8)8
Avg EPS beat(8)19.73%
EPS beat(12)11
Avg EPS beat(12)15.3%
EPS beat(16)15
Avg EPS beat(16)15.6%
Revenue beat(2)1
Avg Revenue beat(2)-0.39%
Min Revenue beat(2)-1.32%
Max Revenue beat(2)0.55%
Revenue beat(4)1
Avg Revenue beat(4)-0.71%
Min Revenue beat(4)-1.47%
Max Revenue beat(4)0.55%
Revenue beat(8)2
Avg Revenue beat(8)-0.41%
Revenue beat(12)4
Avg Revenue beat(12)-0.43%
Revenue beat(16)7
Avg Revenue beat(16)-0.28%
PT rev (1m)-28.87%
PT rev (3m)-32.34%
EPS NQ rev (1m)-2.22%
EPS NQ rev (3m)-25.9%
EPS NY rev (1m)-1.39%
EPS NY rev (3m)-23.26%
Revenue NQ rev (1m)-0.58%
Revenue NQ rev (3m)-5.74%
Revenue NY rev (1m)-2.03%
Revenue NY rev (3m)-4.7%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.54 | ||
| Fwd PE | 6.12 | ||
| P/S | 0.43 | ||
| P/FCF | 5.15 | ||
| P/OCF | 2.41 | ||
| P/B | 1.97 | ||
| P/tB | 4.6 | ||
| EV/EBITDA | 3.76 |
EPS(TTM)11.64
EY15.28%
EPS(NY)12.44
Fwd EY16.33%
FCF(TTM)14.78
FCFY19.4%
OCF(TTM)31.56
OCFY41.44%
SpS176.78
BVpS38.63
TBVpS16.57
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.81% | ||
| ROE | 29.01% | ||
| ROCE | 11.12% | ||
| ROIC | 8.5% | ||
| ROICexc | 12.22% | ||
| ROICexgc | 15.39% | ||
| OM | 9.69% | ||
| PM (TTM) | 6.34% | ||
| GM | 63.95% | ||
| FCFM | 8.36% |
ROA(3y)3.01%
ROA(5y)-1.15%
ROE(3y)21.2%
ROE(5y)-18.81%
ROIC(3y)6.63%
ROIC(5y)N/A
ROICexc(3y)9.5%
ROICexc(5y)N/A
ROICexgc(3y)12.05%
ROICexgc(5y)N/A
ROCE(3y)8.68%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5Y-0.15%
ROICexc growth 3YN/A
ROICexc growth 5Y0.65%
OM growth 3YN/A
OM growth 5Y-2.78%
PM growth 3YN/A
PM growth 5Y-4.52%
GM growth 3Y6.86%
GM growth 5Y0.39%
F-Score7
Asset Turnover0.76
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.93 | ||
| Debt/FCF | 5.73 | ||
| Debt/EBITDA | 2.86 | ||
| Cap/Depr | 187.23% | ||
| Cap/Sales | 9.49% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 120.94% | ||
| Profit Quality | 131.86% | ||
| Current Ratio | 0.78 | ||
| Quick Ratio | 0.72 | ||
| Altman-Z | N/A |
F-Score7
WACC8.44%
ROIC/WACC1.01
Cap/Depr(3y)218.82%
Cap/Depr(5y)162.13%
Cap/Sales(3y)11.3%
Cap/Sales(5y)10.74%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)10.54%
EPS 3YN/A
EPS 5Y-2.65%
EPS Q2Q%706.67%
EPS Next Y-2.42%
EPS Next 2Y8.41%
EPS Next 3Y10.17%
EPS Next 5Y6.78%
Revenue 1Y (TTM)5.31%
Revenue growth 3Y32.31%
Revenue growth 5Y5.7%
Sales Q2Q%5.38%
Revenue Next Year3.41%
Revenue Next 2Y5.37%
Revenue Next 3Y5.65%
Revenue Next 5Y3.39%
EBIT growth 1Y5.55%
EBIT growth 3YN/A
EBIT growth 5Y2.75%
EBIT Next Year77.92%
EBIT Next 3Y27.19%
EBIT Next 5YN/A
FCF growth 1Y227.85%
FCF growth 3YN/A
FCF growth 5Y9.97%
OCF growth 1Y33.32%
OCF growth 3Y65.94%
OCF growth 5Y6.45%