UNIVERSAL LOGISTICS HOLDINGS (ULH) Stock Fundamental Analysis
NASDAQ:ULH - Nasdaq - US91388P1057 - Common Stock - Currency: USD
ULH gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 39 industry peers in the Ground Transportation industry. While ULH belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. ULH is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year ULH was profitable.
In the past year ULH had a positive cash flow from operations.
Each year in the past 5 years ULH has been profitable.
Each year in the past 5 years ULH had a positive operating cash flow.
1.2 Ratios
With a decent Return On Assets value of 4.64%, ULH is doing good in the industry, outperforming 61.54% of the companies in the same industry.
Looking at the Return On Equity, with a value of 12.91%, ULH is in the better half of the industry, outperforming 61.54% of the companies in the same industry.
With a decent Return On Invested Capital value of 7.49%, ULH is doing good in the industry, outperforming 64.10% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for ULH is significantly above the industry average of 8.06%.
The 3 year average ROIC (13.66%) for ULH is well above the current ROIC(7.49%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.64% | ||
| ROE | 12.91% | ||
| ROIC | 7.49% |
ROA(3y)9.56%
ROA(5y)7.94%
ROE(3y)25.09%
ROE(5y)23.94%
ROIC(3y)13.66%
ROIC(5y)11.58%
1.3 Margins
ULH's Profit Margin of 4.81% is fine compared to the rest of the industry. ULH outperforms 69.23% of its industry peers.
ULH's Profit Margin has improved in the last couple of years.
ULH has a better Operating Margin (8.49%) than 66.67% of its industry peers.
ULH's Operating Margin has improved in the last couple of years.
The Gross Margin of ULH (39.82%) is comparable to the rest of the industry.
ULH's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 8.49% | ||
| PM (TTM) | 4.81% | ||
| GM | 39.82% |
OM growth 3Y23.96%
OM growth 5Y20.97%
PM growth 3Y18.69%
PM growth 5Y23.13%
GM growth 3Y16.36%
GM growth 5Y8.71%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so ULH is still creating some value.
ULH has about the same amout of shares outstanding than it did 1 year ago.
ULH has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, ULH has a worse debt to assets ratio.
2.2 Solvency
ULH has an Altman-Z score of 2.09. This is not the best score and indicates that ULH is in the grey zone with still only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.09, ULH is in line with its industry, outperforming 41.03% of the companies in the same industry.
A Debt/Equity ratio of 1.00 indicates that ULH is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 1.00, ULH is doing worse than 69.23% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 2.09 |
ROIC/WACC0.82
WACC9.18%
2.3 Liquidity
ULH has a Current Ratio of 1.18. This is a normal value and indicates that ULH is financially healthy and should not expect problems in meeting its short term obligations.
ULH has a better Current ratio (1.18) than 61.54% of its industry peers.
ULH has a Quick Ratio of 1.18. This is a normal value and indicates that ULH is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of ULH (1.18) is better than 61.54% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.18 | ||
| Quick Ratio | 1.18 |
3. Growth
3.1 Past
The earnings per share for ULH have decreased strongly by -27.51% in the last year.
The Earnings Per Share has been growing by 20.14% on average over the past years. This is a very strong growth
The Revenue has been growing slightly by 1.15% in the past year.
The Revenue has been growing slightly by 4.07% on average over the past years.
EPS 1Y (TTM)-27.51%
EPS 3Y18.02%
EPS 5Y20.14%
EPS Q2Q%-88.44%
Revenue 1Y (TTM)1.15%
Revenue growth 3Y1.78%
Revenue growth 5Y4.07%
Sales Q2Q%-22.26%
3.2 Future
ULH is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -22.13% yearly.
Based on estimates for the next years, ULH will show a decrease in Revenue. The Revenue will decrease by -0.88% on average per year.
EPS Next Y-61.23%
EPS Next 2Y-22.13%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-8.93%
Revenue Next 2Y-0.88%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 7.33, the valuation of ULH can be described as very cheap.
Based on the Price/Earnings ratio, ULH is valued cheaply inside the industry as 94.87% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 26.52, ULH is valued rather cheaply.
The Price/Forward Earnings ratio is 7.90, which indicates a rather cheap valuation of ULH.
Based on the Price/Forward Earnings ratio, ULH is valued cheaply inside the industry as 97.44% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of ULH to the average of the S&P500 Index (22.25), we can say ULH is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.33 | ||
| Fwd PE | 7.9 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ULH is valued cheaply inside the industry as 94.87% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 4.64 |
4.3 Compensation for Growth
ULH has an outstanding profitability rating, which may justify a higher PE ratio.
A cheap valuation may be justified as ULH's earnings are expected to decrease with -22.13% in the coming years.
PEG (NY)N/A
PEG (5Y)0.36
EPS Next 2Y-22.13%
EPS Next 3YN/A
5. Dividend
5.1 Amount
ULH has a Yearly Dividend Yield of 1.70%.
ULH's Dividend Yield is a higher than the industry average which is at 1.58.
Compared to the average S&P500 Dividend Yield of 2.38, ULH is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.7% |
5.2 History
The dividend of ULH decreases each year by -4.84%.
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)-4.84%
Div Incr Years0
Div Non Decr Years4
5.3 Sustainability
ULH pays out 13.25% of its income as dividend. This is a sustainable payout ratio.
The Dividend Rate of ULH has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP13.25%
EPS Next 2Y-22.13%
EPS Next 3YN/A
24.33
+0.17 (+0.7%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryGround Transportation
Earnings (Last)
Earnings (Next)
Inst Owners27.99%
Inst Owner Change2.97%
Ins Owners2.44%
Ins Owner Change7.53%
Market Cap640.61M
Analysts45
Price Target29.58 (21.58%)
Short Float %5.48%
Short Ratio5.54
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.7% |
Yearly Dividend0.42
Dividend Growth(5Y)-4.84%
DP13.25%
Div Incr Years0
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-35.29%
Min EPS beat(2)-52.56%
Max EPS beat(2)-18.02%
EPS beat(4)1
Avg EPS beat(4)-18.12%
Min EPS beat(4)-52.56%
Max EPS beat(4)1.62%
EPS beat(8)3
Avg EPS beat(8)10.72%
EPS beat(12)6
Avg EPS beat(12)13.49%
EPS beat(16)10
Avg EPS beat(16)20.61%
Revenue beat(2)1
Avg Revenue beat(2)1.14%
Min Revenue beat(2)-5.49%
Max Revenue beat(2)7.78%
Revenue beat(4)1
Avg Revenue beat(4)-1.86%
Min Revenue beat(4)-8.86%
Max Revenue beat(4)7.78%
Revenue beat(8)4
Avg Revenue beat(8)0.42%
Revenue beat(12)7
Avg Revenue beat(12)1.17%
Revenue beat(16)11
Avg Revenue beat(16)3.52%
PT rev (1m)-21.62%
PT rev (3m)-21.62%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-46.03%
EPS NY rev (1m)-30.6%
EPS NY rev (3m)-30.6%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-7.82%
Revenue NY rev (1m)-5.24%
Revenue NY rev (3m)-5.24%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.33 | ||
| Fwd PE | 7.9 | ||
| P/S | 0.37 | ||
| P/FCF | N/A | ||
| P/OCF | 4.01 | ||
| P/B | 0.99 | ||
| P/tB | 2.16 | ||
| EV/EBITDA | 4.64 |
EPS(TTM)3.32
EY13.65%
EPS(NY)3.08
Fwd EY12.66%
FCF(TTM)-2.88
FCFYN/A
OCF(TTM)6.07
OCFY24.94%
SpS65.95
BVpS24.55
TBVpS11.26
PEG (NY)N/A
PEG (5Y)0.36
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.64% | ||
| ROE | 12.91% | ||
| ROCE | 10.02% | ||
| ROIC | 7.49% | ||
| ROICexc | 7.66% | ||
| ROICexgc | 10.12% | ||
| OM | 8.49% | ||
| PM (TTM) | 4.81% | ||
| GM | 39.82% | ||
| FCFM | N/A |
ROA(3y)9.56%
ROA(5y)7.94%
ROE(3y)25.09%
ROE(5y)23.94%
ROIC(3y)13.66%
ROIC(5y)11.58%
ROICexc(3y)14.26%
ROICexc(5y)12.02%
ROICexgc(3y)19.37%
ROICexgc(5y)16.85%
ROCE(3y)18.27%
ROCE(5y)15.5%
ROICexcg growth 3Y-0.04%
ROICexcg growth 5Y5.09%
ROICexc growth 3Y3.57%
ROICexc growth 5Y9.67%
OM growth 3Y23.96%
OM growth 5Y20.97%
PM growth 3Y18.69%
PM growth 5Y23.13%
GM growth 3Y16.36%
GM growth 5Y8.71%
F-Score4
Asset Turnover0.96
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 2.25 | ||
| Cap/Depr | 169.53% | ||
| Cap/Sales | 13.57% | ||
| Interest Coverage | 4.07 | ||
| Cash Conversion | 55.8% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.18 | ||
| Quick Ratio | 1.18 | ||
| Altman-Z | 2.09 |
F-Score4
WACC9.18%
ROIC/WACC0.82
Cap/Depr(3y)222.51%
Cap/Depr(5y)169.48%
Cap/Sales(3y)11.3%
Cap/Sales(5y)8.53%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-27.51%
EPS 3Y18.02%
EPS 5Y20.14%
EPS Q2Q%-88.44%
EPS Next Y-61.23%
EPS Next 2Y-22.13%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)1.15%
Revenue growth 3Y1.78%
Revenue growth 5Y4.07%
Sales Q2Q%-22.26%
Revenue Next Year-8.93%
Revenue Next 2Y-0.88%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-19.17%
EBIT growth 3Y26.16%
EBIT growth 5Y25.89%
EBIT Next Year21.27%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-180.3%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-32.52%
OCF growth 3Y10.49%
OCF growth 5Y-2.57%