113.99 USD
+1.14 (+1.01%)
114.05 USD
+0.06 (+0.05%)
Overall UAL gets a fundamental rating of 4 out of 10. We evaluated UAL against 22 industry peers in the Passenger Airlines industry. While UAL is still in line with the averages on profitability rating, there are concerns on its financial health. UAL is cheap, but on the other hand it scores bad on growth.
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
Looking at the Return On Assets, with a value of 4.32%, UAL is in the better half of the industry, outperforming 77.27% of the companies in the same industry.
The Return On Equity of UAL (23.02%) is better than 81.82% of its industry peers.
The Return On Invested Capital of UAL (8.02%) is better than 77.27% of its industry peers.
UAL had an Average Return On Invested Capital over the past 3 years of 6.63%. This is in line with the industry average of 8.38%.
The last Return On Invested Capital (8.02%) for UAL is above the 3 year average (6.63%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.32% | ||
| ROE | 23.02% | ||
| ROIC | 8.02% |
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's Profit Margin of 5.64% is fine compared to the rest of the industry. UAL outperforms 77.27% of its industry peers.
In the last couple of years the Profit Margin of UAL has declined.
Looking at the Operating Margin, with a value of 8.85%, UAL is in the better half of the industry, outperforming 72.73% of the companies in the same industry.
UAL's Operating Margin has declined in the last couple of years.
The Gross Margin of UAL (64.08%) is better than 72.73% of its industry peers.
UAL's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 8.85% | ||
| PM (TTM) | 5.64% | ||
| GM | 64.08% |
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
UAL has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for UAL remains at a similar level compared to 1 year ago.
The number of shares outstanding for UAL has been increased compared to 5 years ago.
UAL has a better debt/assets ratio than last year.
2.2 Solvency
UAL has a debt to FCF ratio of 6.85. This is a slightly negative value and a sign of low solvency as UAL would need 6.85 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 6.85, UAL is in the better half of the industry, outperforming 77.27% of the companies in the same industry.
UAL has a Debt/Equity ratio of 1.45. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of UAL (1.45) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.45 | ||
| Debt/FCF | 6.85 | ||
| Altman-Z | N/A |
ROIC/WACC0.91
WACC8.79%
2.3 Liquidity
UAL has a Current Ratio of 0.67. This is a bad value and indicates that UAL is not financially healthy enough and could expect problems in meeting its short term obligations.
With a decent Current ratio value of 0.67, UAL is doing good in the industry, outperforming 68.18% of the companies in the same industry.
A Quick Ratio of 0.61 indicates that UAL may have some problems paying its short term obligations.
UAL has a Quick ratio of 0.61. This is in the better half of the industry: UAL outperforms 63.64% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.67 | ||
| Quick Ratio | 0.61 |
3. Growth
3.1 Past
UAL shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 16.09%, which is quite good.
UAL shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -2.65% yearly.
UAL shows a small growth in Revenue. In the last year, the Revenue has grown by 4.24%.
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)16.09%
EPS 3YN/A
EPS 5Y-2.65%
EPS Q2Q%-16.52%
Revenue 1Y (TTM)4.24%
Revenue growth 3Y32.31%
Revenue growth 5Y5.7%
Sales Q2Q%2.57%
3.2 Future
UAL is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -4.37% yearly.
UAL is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.99% yearly.
EPS Next Y2.71%
EPS Next 2Y11.29%
EPS Next 3Y11.47%
EPS Next 5Y-4.37%
Revenue Next Year4.29%
Revenue Next 2Y5.96%
Revenue Next 3Y6.02%
Revenue Next 5Y1.99%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less 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 reasonably with a Price/Earnings ratio of 10.54.
Based on the Price/Earnings ratio, UAL is valued cheaply inside the industry as 90.91% of the companies are valued more expensively.
UAL is valuated cheaply when we compare the Price/Earnings ratio to 26.38, which is the current average of the S&P500 Index.
UAL is valuated reasonably with a Price/Forward Earnings ratio of 8.70.
UAL's Price/Forward Earnings ratio is rather cheap when compared to the industry. UAL is cheaper than 90.91% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 23.83. UAL is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.54 | ||
| Fwd PE | 8.7 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, UAL is valued a bit cheaper than the industry average as 77.27% of the companies are valued more expensively.
UAL's Price/Free Cash Flow ratio is rather cheap when compared to the industry. UAL is cheaper than 90.91% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.94 | ||
| EV/EBITDA | 5.24 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates UAL does not grow enough to justify the current Price/Earnings ratio.
UAL has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)3.89
PEG (5Y)N/A
EPS Next 2Y11.29%
EPS Next 3Y11.47%
5. Dividend
5.1 Amount
No dividends for UAL!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
113.99
+1.14 (+1.01%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryPassenger Airlines
Earnings (Last)
Earnings (Next)
Inst Owners90.93%
Inst Owner Change2.92%
Ins Owners0.56%
Ins Owner Change-0.82%
Market Cap36.90B
Revenue(TTM)58.37B
Net Income(TTM)3.29B
Analysts81.48
Price Target125.01 (9.67%)
Short Float %4.49%
Short Ratio2.28
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
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)2.55%
Min EPS beat(2)0.48%
Max EPS beat(2)4.61%
EPS beat(4)4
Avg EPS beat(4)7.92%
Min EPS beat(4)0.48%
Max EPS beat(4)19.01%
EPS beat(8)8
Avg EPS beat(8)16.41%
EPS beat(12)12
Avg EPS beat(12)16.16%
EPS beat(16)15
Avg EPS beat(16)13.37%
Revenue beat(2)0
Avg Revenue beat(2)-1.71%
Min Revenue beat(2)-1.76%
Max Revenue beat(2)-1.67%
Revenue beat(4)1
Avg Revenue beat(4)-1.05%
Min Revenue beat(4)-1.76%
Max Revenue beat(4)0.55%
Revenue beat(8)1
Avg Revenue beat(8)-0.86%
Revenue beat(12)3
Avg Revenue beat(12)-0.6%
Revenue beat(16)5
Avg Revenue beat(16)-0.58%
PT rev (1m)0.36%
PT rev (3m)12.49%
EPS NQ rev (1m)-10.58%
EPS NQ rev (3m)3.85%
EPS NY rev (1m)-0.48%
EPS NY rev (3m)4.99%
Revenue NQ rev (1m)-0.8%
Revenue NQ rev (3m)1.41%
Revenue NY rev (1m)-0.02%
Revenue NY rev (3m)0.24%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.54 | ||
| Fwd PE | 8.7 | ||
| P/S | 0.63 | ||
| P/FCF | 9.94 | ||
| P/OCF | 3.94 | ||
| P/B | 2.58 | ||
| P/tB | 5.18 | ||
| EV/EBITDA | 5.24 |
EPS(TTM)10.82
EY9.49%
EPS(NY)13.1
Fwd EY11.49%
FCF(TTM)11.46
FCFY10.06%
OCF(TTM)28.94
OCFY25.39%
SpS180.3
BVpS44.2
TBVpS21.99
PEG (NY)3.89
PEG (5Y)N/A
Graham Number103.73
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.32% | ||
| ROE | 23.02% | ||
| ROCE | 10.5% | ||
| ROIC | 8.02% | ||
| ROICexc | 11% | ||
| ROICexgc | 13.76% | ||
| OM | 8.85% | ||
| PM (TTM) | 5.64% | ||
| GM | 64.08% | ||
| FCFM | 6.36% |
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
ROICexgc growth 3YN/A
ROICexgc 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 | 1.45 | ||
| Debt/FCF | 6.85 | ||
| Debt/EBITDA | 2.57 | ||
| Cap/Depr | 193.27% | ||
| Cap/Sales | 9.7% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 115.79% | ||
| Profit Quality | 112.66% | ||
| Current Ratio | 0.67 | ||
| Quick Ratio | 0.61 | ||
| Altman-Z | N/A |
F-Score7
WACC8.79%
ROIC/WACC0.91
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)16.09%
EPS 3YN/A
EPS 5Y-2.65%
EPS Q2Q%-16.52%
EPS Next Y2.71%
EPS Next 2Y11.29%
EPS Next 3Y11.47%
EPS Next 5Y-4.37%
Revenue 1Y (TTM)4.24%
Revenue growth 3Y32.31%
Revenue growth 5Y5.7%
Sales Q2Q%2.57%
Revenue Next Year4.29%
Revenue Next 2Y5.96%
Revenue Next 3Y6.02%
Revenue Next 5Y1.99%
EBIT growth 1Y10.29%
EBIT growth 3YN/A
EBIT growth 5Y2.75%
EBIT Next Year60.41%
EBIT Next 3Y24.45%
EBIT Next 5YN/A
FCF growth 1Y177.98%
FCF growth 3YN/A
FCF growth 5Y9.97%
OCF growth 1Y4.35%
OCF growth 3Y65.94%
OCF growth 5Y6.45%
UNITED AIRLINES HOLDINGS INC / UAL FAQ
Can you provide the ChartMill fundamental rating for UNITED AIRLINES HOLDINGS INC?
ChartMill assigns a fundamental rating of 4 / 10 to UAL.
Can you provide the valuation status for UNITED AIRLINES HOLDINGS INC?
ChartMill assigns a valuation rating of 7 / 10 to UNITED AIRLINES HOLDINGS INC (UAL). This can be considered as Undervalued.
What is the profitability of UAL stock?
UNITED AIRLINES HOLDINGS INC (UAL) has a profitability rating of 6 / 10.
What is the expected EPS growth for UNITED AIRLINES HOLDINGS INC (UAL) stock?
The Earnings per Share (EPS) of UNITED AIRLINES HOLDINGS INC (UAL) is expected to grow by 2.71% in the next year.