UNIVERSAL LOGISTICS HOLDINGS (ULH)
US91388P1057 - Common Stock
ULH gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 36 industry peers in the Ground Transportation industry. While ULH has a great profitability rating, there are some minor concerns on its financial health. ULH has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
ULH had positive earnings in the past year.
ULH had a positive operating cash flow in the past year.
ULH had positive earnings in each of the past 5 years.
In the past 5 years ULH always reported a positive cash flow from operatings.
1.2 Ratios
With a decent Return On Assets value of 7.41%, ULH is doing good in the industry, outperforming 75.00% of the companies in the same industry.
ULH has a better Return On Equity (17.46%) than 77.78% of its industry peers.
Looking at the Return On Invested Capital, with a value of 10.95%, ULH belongs to the top of the industry, outperforming 86.11% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for ULH is significantly above the industry average of 7.83%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.41% | ||
| ROE | 17.46% | ||
| ROIC | 10.95% |
ROA(3y)9.3%
ROA(5y)7.24%
ROE(3y)26.52%
ROE(5y)23.59%
ROIC(3y)13.3%
ROIC(5y)10.81%
1.3 Margins
ULH's Profit Margin of 5.59% is fine compared to the rest of the industry. ULH outperforms 63.89% of its industry peers.
ULH's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 8.75%, ULH is in the better half of the industry, outperforming 69.44% of the companies in the same industry.
In the last couple of years the Operating Margin of ULH has grown nicely.
The Gross Margin of ULH (32.94%) is worse than 63.89% of its industry peers.
In the last couple of years the Gross Margin of ULH has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 8.75% | ||
| PM (TTM) | 5.59% | ||
| GM | 32.94% |
OM growth 3Y14.83%
OM growth 5Y8.82%
PM growth 3Y17.36%
PM growth 5Y9.37%
GM growth 3Y6.55%
GM growth 5Y4.28%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), ULH is creating some value.
ULH has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, ULH has less shares outstanding
ULH has a better debt/assets ratio than last year.
2.2 Solvency
ULH has an Altman-Z score of 3.43. This indicates that ULH is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of ULH (3.43) is better than 72.22% of its industry peers.
A Debt/Equity ratio of 0.58 indicates that ULH is somewhat dependend on debt financing.
The Debt to Equity ratio of ULH (0.58) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.58 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 3.43 |
ROIC/WACC1.35
WACC8.11%
2.3 Liquidity
A Current Ratio of 1.39 indicates that ULH should not have too much problems paying its short term obligations.
With a decent Current ratio value of 1.39, ULH is doing good in the industry, outperforming 75.00% of the companies in the same industry.
A Quick Ratio of 1.34 indicates that ULH should not have too much problems paying its short term obligations.
The Quick ratio of ULH (1.34) is better than 72.22% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.39 | ||
| Quick Ratio | 1.34 |
3. Growth
3.1 Past
The earnings per share for ULH have decreased strongly by -44.34% in the last year.
ULH shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 11.22% yearly.
ULH shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -17.53%.
ULH shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.60% yearly.
EPS 1Y (TTM)-44.34%
EPS 3Y25.76%
EPS 5Y11.22%
EPS growth Q2Q-36.22%
Revenue 1Y (TTM)-17.53%
Revenue growth 3Y6.11%
Revenue growth 5Y2.6%
Revenue growth Q2Q-14.78%
3.2 Future
The Earnings Per Share is expected to grow by 21.22% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 4.87% on average over the next years.
EPS Next Y4.14%
EPS Next 2Y21.22%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year3.84%
Revenue Next 2Y4.87%
Revenue Next 3YN/A
Revenue Next 5YN/A
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 accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 12.41 indicates a correct valuation of ULH.
88.89% of the companies in the same industry are more expensive than ULH, based on the Price/Earnings ratio.
ULH's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 24.55.
ULH is valuated reasonably with a Price/Forward Earnings ratio of 11.92.
80.56% of the companies in the same industry are more expensive than ULH, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 20.92. ULH is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.41 | ||
| Fwd PE | 11.92 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ULH is valued a bit cheaper than 77.78% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 6.76 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates ULH does not grow enough to justify the current Price/Earnings ratio.
ULH has a very decent profitability rating, which may justify a higher PE ratio.
ULH's earnings are expected to grow with 21.22% in the coming years. This may justify a more expensive valuation.
PEG (NY)3
PEG (5Y)1.11
EPS Next 2Y21.22%
EPS Next 3YN/A
5. Dividend
5.1 Amount
ULH has a yearly dividend return of 0.94%, which is pretty low.
Compared to an average industry Dividend Yield of 1.74, ULH has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.39, ULH's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.94% |
5.2 History
The dividend of ULH has a limited annual growth rate of 1.81%.
ULH has been paying a dividend for at least 10 years, so it has a reliable track record.
ULH has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)1.81%
Div Incr Years0
Div Non Decr Years3
5.3 Sustainability
ULH pays out 11.88% of its income as dividend. This is a sustainable payout ratio.
ULH's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP11.88%
EPS Next 2Y21.22%
EPS Next 3YN/A
UNIVERSAL LOGISTICS HOLDINGS
NASDAQ:ULH (5/2/2024, 9:33:43 AM)
43.93
-0.05 (-0.11%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryGround Transportation
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap1.16B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.94% |
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(4)
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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(4)
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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)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.41 | ||
| Fwd PE | 11.92 | ||
| 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)3
PEG (5Y)1.11
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.41% | ||
| ROE | 17.46% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 8.75% | ||
| PM (TTM) | 5.59% | ||
| GM | 32.94% | ||
| 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 Turnover1.33
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.58 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.39 | ||
| Quick Ratio | 1.34 | ||
| 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)-44.34%
EPS 3Y25.76%
EPS 5Y
EPS growth Q2Q
EPS Next Y4.14%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-17.53%
Revenue growth 3Y6.11%
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