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UNITED AIRLINES HOLDINGS INC (1UAL.MI) Stock Fundamental Analysis

Europe - Euronext Milan - BIT:1UAL - US9100471096 - Common Stock

80.34 EUR
-10.57 (-11.63%)
Last: 10/2/2025, 7:00:00 PM
Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to 1UAL. 1UAL was compared to 14 industry peers in the Passenger Airlines industry. 1UAL has a medium profitability rating, but doesn't score so well on its financial health evaluation. 1UAL has a valuation in line with the averages, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • In the past year 1UAL was profitable.
  • 1UAL had a positive operating cash flow in the past year.
  • In multiple years 1UAL reported negative net income over the last 5 years.
  • Of the past 5 years 1UAL 4 years had a positive operating cash flow.
1UAL.MI Yearly Net Income VS EBIT VS OCF VS FCF1UAL.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5B -5B

1.2 Ratios

  • 1UAL's Return On Assets of 4.29% is fine compared to the rest of the industry. 1UAL outperforms 69.23% of its industry peers.
  • The Return On Equity of 1UAL (24.75%) is better than 69.23% of its industry peers.
  • 1UAL has a Return On Invested Capital of 8.57%. This is in the better half of the industry: 1UAL outperforms 76.92% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for 1UAL is below the industry average of 9.24%.
  • The last Return On Invested Capital (8.57%) for 1UAL is above the 3 year average (6.63%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 4.29%
ROE 24.75%
ROIC 8.57%
ROA(3y)3.01%
ROA(5y)-1.15%
ROE(3y)21.2%
ROE(5y)-18.81%
ROIC(3y)6.63%
ROIC(5y)N/A
1UAL.MI Yearly ROA, ROE, ROIC1UAL.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -50 -100

1.3 Margins

  • 1UAL has a better Profit Margin (5.71%) than 76.92% of its industry peers.
  • 1UAL's Profit Margin has declined in the last couple of years.
  • Looking at the Operating Margin, with a value of 9.32%, 1UAL is in the better half of the industry, outperforming 76.92% of the companies in the same industry.
  • In the last couple of years the Operating Margin of 1UAL has declined.
  • 1UAL has a Gross Margin of 64.15%. This is amongst the best in the industry. 1UAL outperforms 84.62% of its industry peers.
  • In the last couple of years the Gross Margin of 1UAL has remained more or less at the same level.
Industry RankSector Rank
OM 9.32%
PM (TTM) 5.71%
GM 64.15%
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%
1UAL.MI Yearly Profit, Operating, Gross Margins1UAL.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 -40 60

3

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), 1UAL is destroying value.
  • 1UAL has about the same amout of shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, 1UAL has more shares outstanding
  • 1UAL has a better debt/assets ratio than last year.
1UAL.MI Yearly Shares Outstanding1UAL.MI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M
1UAL.MI Yearly Total Debt VS Total Assets1UAL.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 20B 40B 60B

2.2 Solvency

  • 1UAL has a debt to FCF ratio of 6.70. This is a slightly negative value and a sign of low solvency as 1UAL would need 6.70 years to pay back of all of its debts.
  • The Debt to FCF ratio of 1UAL (6.70) is better than 61.54% of its industry peers.
  • A Debt/Equity ratio of 1.56 is on the high side and indicates that 1UAL has dependencies on debt financing.
  • 1UAL has a better Debt to Equity ratio (1.56) than 61.54% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.56
Debt/FCF 6.7
Altman-Z N/A
ROIC/WACC1
WACC8.58%
1UAL.MI Yearly LT Debt VS Equity VS FCF1UAL.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10B 20B 30B

2.3 Liquidity

  • 1UAL has a Current Ratio of 0.70. This is a bad value and indicates that 1UAL is not financially healthy enough and could expect problems in meeting its short term obligations.
  • With a decent Current ratio value of 0.70, 1UAL is doing good in the industry, outperforming 69.23% of the companies in the same industry.
  • A Quick Ratio of 0.65 indicates that 1UAL may have some problems paying its short term obligations.
  • 1UAL's Quick ratio of 0.65 is in line compared to the rest of the industry. 1UAL outperforms 46.15% of its industry peers.
Industry RankSector Rank
Current Ratio 0.7
Quick Ratio 0.65
1UAL.MI Yearly Current Assets VS Current Liabilites1UAL.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B 20B

3

3. Growth

3.1 Past

  • 1UAL shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 17.95%, which is quite good.
  • The Earnings Per Share has been decreasing by -2.65% on average over the past years.
  • 1UAL shows a small growth in Revenue. In the last year, the Revenue has grown by 4.23%.
  • 1UAL shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.70% yearly.
EPS 1Y (TTM)17.95%
EPS 3YN/A
EPS 5Y-2.65%
EPS Q2Q%-6.52%
Revenue 1Y (TTM)4.23%
Revenue growth 3Y32.31%
Revenue growth 5Y5.7%
Sales Q2Q%1.67%

3.2 Future

  • The Earnings Per Share is expected to decrease by -0.61% on average over the next years.
  • 1UAL is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.88% yearly.
EPS Next Y-2.09%
EPS Next 2Y9.64%
EPS Next 3Y11.39%
EPS Next 5Y-0.61%
Revenue Next Year4.1%
Revenue Next 2Y5.87%
Revenue Next 3Y6.01%
Revenue Next 5Y2.88%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • 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.
1UAL.MI Yearly Revenue VS Estimates1UAL.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 20B 40B 60B
1UAL.MI Yearly EPS VS Estimates1UAL.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 0 10 -10 -20

4

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 8.17, the valuation of 1UAL can be described as very reasonable.
  • The rest of the industry has a similar Price/Earnings ratio as 1UAL.
  • Compared to an average S&P500 Price/Earnings ratio of 27.30, 1UAL is valued rather cheaply.
  • Based on the Price/Forward Earnings ratio of 7.31, the valuation of 1UAL can be described as very cheap.
  • Based on the Price/Forward Earnings ratio, 1UAL is valued a bit more expensive than the industry average as 61.54% of the companies are valued more cheaply.
  • When comparing the Price/Forward Earnings ratio of 1UAL to the average of the S&P500 Index (24.32), we can say 1UAL is valued rather cheaply.
Industry RankSector Rank
PE 8.17
Fwd PE 7.31
1UAL.MI Price Earnings VS Forward Price Earnings1UAL.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, 1UAL is valued a bit more expensive than the industry average as 76.92% of the companies are valued more cheaply.
  • Based on the Price/Free Cash Flow ratio, 1UAL is valued a bit more expensive than the industry average as 61.54% of the companies are valued more cheaply.
Industry RankSector Rank
P/FCF 7.44
EV/EBITDA 4.24
1UAL.MI Per share data1UAL.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 50 100 150

4.3 Compensation for Growth

  • 1UAL has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y9.64%
EPS Next 3Y11.39%

0

5. Dividend

5.1 Amount

  • 1UAL does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

UNITED AIRLINES HOLDINGS INC / 1UAL.MI FAQ

Can you provide the ChartMill fundamental rating for UNITED AIRLINES HOLDINGS INC?

ChartMill assigns a fundamental rating of 4 / 10 to 1UAL.MI.


What is the valuation status for 1UAL stock?

ChartMill assigns a valuation rating of 4 / 10 to UNITED AIRLINES HOLDINGS INC (1UAL.MI). This can be considered as Fairly Valued.


Can you provide the profitability details for UNITED AIRLINES HOLDINGS INC?

UNITED AIRLINES HOLDINGS INC (1UAL.MI) has a profitability rating of 6 / 10.


Can you provide the expected EPS growth for 1UAL stock?

The Earnings per Share (EPS) of UNITED AIRLINES HOLDINGS INC (1UAL.MI) is expected to decline by -2.09% in the next year.