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UL SOLUTIONS INC - CLASS A (ULS) Stock Fundamental Analysis

NYSE:ULS - New York Stock Exchange, Inc. - US9037311076 - Common Stock - Currency: USD

70.23  +0.16 (+0.23%)

After market: 70.23 0 (0%)

Fundamental Rating

4

Taking everything into account, ULS scores 4 out of 10 in our fundamental rating. ULS was compared to 82 industry peers in the Professional Services industry. ULS has only an average score on both its financial health and profitability. ULS does not seem to be growing, but still is valued expensively.


Dividend Valuation Growth Profitability Health

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6

1. Profitability

1.1 Basic Checks

In the past year ULS was profitable.
ULS had a positive operating cash flow in the past year.
ULS Yearly Net Income VS EBIT VS OCF VS FCFULS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2021 2022 2023 100M 200M 300M 400M

1.2 Ratios

ULS has a Return On Assets of 10.53%. This is amongst the best in the industry. ULS outperforms 82.93% of its industry peers.
With an excellent Return On Equity value of 34.75%, ULS belongs to the best of the industry, outperforming 84.15% of the companies in the same industry.
ULS has a better Return On Invested Capital (16.29%) than 85.37% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for ULS is in line with the industry average of 12.28%.
The last Return On Invested Capital (16.29%) for ULS is above the 3 year average (13.46%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 10.53%
ROE 34.75%
ROIC 16.29%
ROA(3y)8.8%
ROA(5y)N/A
ROE(3y)25.75%
ROE(5y)N/A
ROIC(3y)13.46%
ROIC(5y)N/A
ULS Yearly ROA, ROE, ROICULS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2021 2022 2023 10 20 30

1.3 Margins

ULS has a better Profit Margin (10.76%) than 84.15% of its industry peers.
ULS's Operating Margin of 15.38% is amongst the best of the industry. ULS outperforms 84.15% of its industry peers.
Looking at the Gross Margin, with a value of 48.31%, ULS is in the better half of the industry, outperforming 62.20% of the companies in the same industry.
Industry RankSector Rank
OM 15.38%
PM (TTM) 10.76%
GM 48.31%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
ULS Yearly Profit, Operating, Gross MarginsULS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2021 2022 2023 10 20 30 40

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5

2. Health

2.1 Basic Checks

ULS has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
There is no outstanding debt for ULS. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
ULS Yearly Shares OutstandingULS Yearly Shares OutstandingYearly Shares Outstanding 2021 2022 2023 50M 100M 150M
ULS Yearly Total Debt VS Total AssetsULS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2021 2022 2023 1B 2B 3B

2.2 Solvency

ULS has an Altman-Z score of 5.88. This indicates that ULS is financially healthy and has little risk of bankruptcy at the moment.
With an excellent Altman-Z score value of 5.88, ULS belongs to the best of the industry, outperforming 89.02% of the companies in the same industry.
ULS has a debt to FCF ratio of 2.83. This is a good value and a sign of high solvency as ULS would need 2.83 years to pay back of all of its debts.
ULS has a better Debt to FCF ratio (2.83) than 67.07% of its industry peers.
A Debt/Equity ratio of 0.87 indicates that ULS is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.87, ULS is doing worse than 65.85% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.87
Debt/FCF 2.83
Altman-Z 5.88
ROIC/WACC1.85
WACC8.82%
ULS Yearly LT Debt VS Equity VS FCFULS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2021 2022 2023 500M 1B 1.5B 2B

2.3 Liquidity

A Current Ratio of 1.31 indicates that ULS should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.31, ULS is in line with its industry, outperforming 47.56% of the companies in the same industry.
ULS has a Quick Ratio of 1.31. This is a normal value and indicates that ULS is financially healthy and should not expect problems in meeting its short term obligations.
With a Quick ratio value of 1.31, ULS perfoms like the industry average, outperforming 47.56% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.31
Quick Ratio 1.31
ULS Yearly Current Assets VS Current LiabilitesULS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2021 2022 2023 500M 1B 1.5B

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1

3. Growth

3.1 Past

EPS 1Y (TTM)N/A
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%17.86%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%5.22%

3.2 Future

ULS is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 11.52% yearly.
The Revenue is expected to grow by 6.26% on average over the next years.
EPS Next Y7.48%
EPS Next 2Y9.21%
EPS Next 3Y11.52%
EPS Next 5YN/A
Revenue Next Year6.13%
Revenue Next 2Y6.08%
Revenue Next 3Y6.26%
Revenue Next 5YN/A

3.3 Evolution

ULS Yearly Revenue VS EstimatesULS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2021 2022 2023 2024 2025 2026 2027 1B 2B 3B
ULS Yearly EPS VS EstimatesULS Yearly EPS VS EstimatesYearly EPS VS Estimates 2024 2025 2026 2027 0.5 1 1.5 2

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1

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 42.05, the valuation of ULS can be described as expensive.
Based on the Price/Earnings ratio, ULS is valued a bit more expensive than the industry average as 65.85% of the companies are valued more cheaply.
ULS is valuated expensively when we compare the Price/Earnings ratio to 27.54, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 36.35, which means the current valuation is very expensive for ULS.
64.63% of the companies in the same industry are cheaper than ULS, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 36.44, ULS is valued at the same level.
Industry RankSector Rank
PE 42.05
Fwd PE 36.35
ULS Price Earnings VS Forward Price EarningsULS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, ULS is valued a bit more expensive than the industry average as 60.98% of the companies are valued more cheaply.
Based on the Price/Free Cash Flow ratio, ULS is valued a bit more expensive than 60.98% of the companies in the same industry.
Industry RankSector Rank
P/FCF 49.93
EV/EBITDA 24.21
ULS Per share dataULS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates ULS does not grow enough to justify the current Price/Earnings ratio.
ULS has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)5.62
PEG (5Y)N/A
EPS Next 2Y9.21%
EPS Next 3Y11.52%

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1

5. Dividend

5.1 Amount

With a yearly dividend of 0.73%, ULS is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 2.11, ULS pays a bit more dividend than its industry peers.
With a Dividend Yield of 0.73, ULS pays less dividend than the S&P500 average, which is at 2.35.
Industry RankSector Rank
Dividend Yield 0.73%

5.2 History

ULS is new to the dividend game and has less than 3 years of track record.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
ULS Yearly Dividends per shareULS Yearly Dividends per shareYearly Dividends per share 2024 2025 0.1 0.2 0.3

5.3 Sustainability

DPN/A
EPS Next 2Y9.21%
EPS Next 3Y11.52%
ULS Yearly Income VS Free CF VS DividendULS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2021 2022 2023 100M 200M 300M

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UL SOLUTIONS INC - CLASS A

NYSE:ULS (7/18/2025, 8:04:00 PM)

After market: 70.23 0 (0%)

70.23

+0.16 (+0.23%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryProfessional Services
Earnings (Last)05-06 2025-05-06/bmo
Earnings (Next)07-30 2025-07-30
Inst Owners114.78%
Inst Owner Change0%
Ins Owners0.95%
Ins Owner Change19.55%
Market Cap14.08B
Analysts78.57
Price Target73.04 (4%)
Short Float %5.23%
Short Ratio3.97
Dividend
Industry RankSector Rank
Dividend Yield 0.73%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-Date05-30 2025-05-30 (0.13)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)19.86%
Min EPS beat(2)11.81%
Max EPS beat(2)27.92%
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)1.34%
Min Revenue beat(2)0.56%
Max Revenue beat(2)2.13%
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-1.75%
PT rev (3m)18.97%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 42.05
Fwd PE 36.35
P/S 5
P/FCF 49.93
P/OCF 27.08
P/B 16.15
P/tB 521.52
EV/EBITDA 24.21
EPS(TTM)1.67
EY2.38%
EPS(NY)1.93
Fwd EY2.75%
FCF(TTM)1.41
FCFY2%
OCF(TTM)2.59
OCFY3.69%
SpS14.04
BVpS4.35
TBVpS0.13
PEG (NY)5.62
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 10.53%
ROE 34.75%
ROCE 20.31%
ROIC 16.29%
ROICexc 19.24%
ROICexgc 36.18%
OM 15.38%
PM (TTM) 10.76%
GM 48.31%
FCFM 10.02%
ROA(3y)8.8%
ROA(5y)N/A
ROE(3y)25.75%
ROE(5y)N/A
ROIC(3y)13.46%
ROIC(5y)N/A
ROICexc(3y)18.12%
ROICexc(5y)N/A
ROICexgc(3y)37.32%
ROICexgc(5y)N/A
ROCE(3y)16.77%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.98
Health
Industry RankSector Rank
Debt/Equity 0.87
Debt/FCF 2.83
Debt/EBITDA 1.26
Cap/Depr 141.67%
Cap/Sales 8.45%
Interest Coverage 9.21
Cash Conversion 86.52%
Profit Quality 93.07%
Current Ratio 1.31
Quick Ratio 1.31
Altman-Z 5.88
F-Score6
WACC8.82%
ROIC/WACC1.85
Cap/Depr(3y)112.15%
Cap/Depr(5y)N/A
Cap/Sales(3y)6.26%
Cap/Sales(5y)N/A
Profit Quality(3y)102.7%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)N/A
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%17.86%
EPS Next Y7.48%
EPS Next 2Y9.21%
EPS Next 3Y11.52%
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%5.22%
Revenue Next Year6.13%
Revenue Next 2Y6.08%
Revenue Next 3Y6.26%
Revenue Next 5YN/A
EBIT growth 1Y-1.7%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year62%
EBIT Next 3Y26.33%
EBIT Next 5Y22.3%
FCF growth 1Y21.15%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y25.54%
OCF growth 3YN/A
OCF growth 5YN/A