UNITED AIRLINES HOLDINGS INC (UAL)
US9100471096 - Common Stock
Overall UAL gets a fundamental rating of 4 out of 10. We evaluated UAL against 24 industry peers in the Passenger Airlines industry. There are concerns on the financial health of UAL while its profitability can be described as average. UAL is not valued too expensively and it also shows a decent growth rate.
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.
UAL had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
UAL has a Return On Assets of 3.74%. This is in the better half of the industry: UAL outperforms 79.17% of its industry peers.
Looking at the Return On Equity, with a value of 29.28%, UAL belongs to the top of the industry, outperforming 95.83% of the companies in the same industry.
UAL's Return On Invested Capital of 8.54% is amongst the best of the industry. UAL outperforms 83.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.74% | ||
| ROE | 29.28% | ||
| ROIC | 8.54% |
ROA(3y)0.63%
ROA(5y)-0.85%
ROE(3y)-0.09%
ROE(5y)-18.56%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
The Profit Margin of UAL (4.91%) is better than 83.33% of its industry peers.
In the last couple of years the Profit Margin of UAL has remained more or less at the same level.
Looking at the Operating Margin, with a value of 9.67%, UAL is in the better half of the industry, outperforming 79.17% of the companies in the same industry.
UAL's Operating Margin has been stable in the last couple of years.
With a decent Gross Margin value of 61.78%, UAL is doing good in the industry, outperforming 70.83% of the companies in the same industry.
UAL's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 9.67% | ||
| PM (TTM) | 4.91% | ||
| GM | 61.78% |
OM growth 3YN/A
OM growth 5Y1.33%
PM growth 3YN/A
PM growth 5Y-1.03%
GM growth 3Y10.18%
GM growth 5Y0.33%
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 has been increased compared to 1 year ago.
UAL has more shares outstanding than it did 5 years ago.
The debt/assets ratio for UAL has been reduced compared to a year ago.
2.2 Solvency
UAL has an Altman-Z score of 1.14. This is a bad value and indicates that UAL is not financially healthy and even has some risk of bankruptcy.
UAL has a Altman-Z score (1.14) which is comparable to the rest of the industry.
UAL has a Debt/Equity ratio of 2.52. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of UAL (2.52) is worse than 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.52 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.14 |
ROIC/WACC1.02
WACC8.37%
2.3 Liquidity
UAL has a Current Ratio of 0.75. This is a bad value and indicates that UAL is not financially healthy enough and could expect problems in meeting its short term obligations.
UAL's Current ratio of 0.75 is fine compared to the rest of the industry. UAL outperforms 62.50% of its industry peers.
UAL has a Quick Ratio of 0.75. This is a bad value and indicates that UAL is not financially healthy enough and could expect problems in meeting its short term obligations.
UAL has a Quick ratio of 0.69. This is in the better half of the industry: UAL outperforms 62.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.75 | ||
| Quick Ratio | 0.69 |
3. Growth
3.1 Past
UAL shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 73.48%, which is quite impressive.
The Earnings Per Share has been growing slightly by 1.78% on average over the past years.
The Revenue has grown by 12.31% in the past year. This is quite good.
UAL shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.40% yearly.
EPS 1Y (TTM)73.48%
EPS 3YN/A
EPS 5Y1.78%
EPS growth Q2Q76.19%
Revenue 1Y (TTM)12.31%
Revenue growth 3Y51.81%
Revenue growth 5Y5.4%
Revenue growth Q2Q9.71%
3.2 Future
The Earnings Per Share is expected to grow by 4.77% 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 2.87% on average per year.
EPS Next Y-4.85%
EPS Next 2Y7.27%
EPS Next 3Y11.43%
EPS Next 5Y4.77%
Revenue Next Year6.85%
Revenue Next 2Y5.89%
Revenue Next 3Y5.43%
Revenue Next 5Y2.87%
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
The Price/Earnings ratio is 4.81, which indicates a rather cheap valuation of UAL.
UAL's Price/Earnings ratio is rather cheap when compared to the industry. UAL is cheaper than 95.83% of the companies in the same industry.
UAL's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 24.55.
UAL is valuated cheaply with a Price/Forward Earnings ratio of 4.38.
95.83% of the companies in the same industry are more expensive than UAL, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 20.92, UAL is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.81 | ||
| Fwd PE | 4.38 |
4.2 Price Multiples
95.83% of the companies in the same industry are more expensive than UAL, based on the Enterprise Value to EBITDA ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 3.07 |
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)2.7
EPS Next 2Y7.27%
EPS Next 3Y11.43%
5. Dividend
5.1 Amount
No dividends for UAL!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
UNITED AIRLINES HOLDINGS INC
NASDAQ:UAL (5/1/2024, 7:27:30 PM)
After market: 50.99 +0.32 (+0.63%)50.67
-0.79 (-1.54%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryPassenger Airlines
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap16.62B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
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EPS beat(8)
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EPS beat(12)
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EPS beat(16)
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Revenue beat(2)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
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Revenue NQ rev (1m)
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Revenue NY rev (1m)
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Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.81 | ||
| Fwd PE | 4.38 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)2.7
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.74% | ||
| ROE | 29.28% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 9.67% | ||
| PM (TTM) | 4.91% | ||
| GM | 61.78% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.76
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.52 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.75 | ||
| Quick Ratio | 0.69 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)73.48%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next Y-4.85%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)12.31%
Revenue growth 3Y51.81%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y