UNITED AIRLINES HOLDINGS INC (UAL1.DE) Stock Fundamental Analysis

FRA:UAL1 • US9100471096

93.6 EUR
-1.53 (-1.61%)
Last: Feb 24, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to UAL1. UAL1 was compared to 14 industry peers in the Passenger Airlines industry. UAL1 has a medium profitability rating, but doesn't score so well on its financial health evaluation. UAL1 has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • UAL1 had positive earnings in the past year.
  • UAL1 had a positive operating cash flow in the past year.
  • Of the past 5 years UAL1 4 years were profitable.
  • UAL1 had a positive operating cash flow in each of the past 5 years.
UAL1.DE Yearly Net Income VS EBIT VS OCF VS FCFUAL1.DE 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 2025 0 5B -5B

1.2 Ratios

  • The Return On Assets of UAL1 (4.39%) is comparable to the rest of the industry.
  • With a Return On Equity value of 21.94%, UAL1 perfoms like the industry average, outperforming 42.86% of the companies in the same industry.
  • The Return On Invested Capital of UAL1 (7.58%) is comparable to the rest of the industry.
  • The Average Return On Invested Capital over the past 3 years for UAL1 is in line with the industry average of 9.75%.
Industry RankSector Rank
ROA 4.39%
ROE 21.94%
ROIC 7.58%
ROA(3y)4.11%
ROA(5y)2.11%
ROE(3y)24.95%
ROE(5y)9.3%
ROIC(3y)7.85%
ROIC(5y)N/A
UAL1.DE Yearly ROA, ROE, ROICUAL1.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -50 -100

1.3 Margins

  • UAL1 has a Profit Margin (5.68%) which is in line with its industry peers.
  • In the last couple of years the Profit Margin of UAL1 has grown nicely.
  • UAL1 has a Operating Margin of 8.42%. This is comparable to the rest of the industry: UAL1 outperforms 57.14% of its industry peers.
  • In the last couple of years the Operating Margin of UAL1 has grown nicely.
  • UAL1's Gross Margin of 63.63% is fine compared to the rest of the industry. UAL1 outperforms 71.43% of its industry peers.
  • In the last couple of years the Gross Margin of UAL1 has grown nicely.
Industry RankSector Rank
OM 8.42%
PM (TTM) 5.68%
GM 63.63%
OM growth 3Y15.17%
OM growth 5YN/A
PM growth 3Y51.28%
PM growth 5YN/A
GM growth 3Y5.21%
GM growth 5Y6.96%
UAL1.DE Yearly Profit, Operating, Gross MarginsUAL1.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40 -40 60

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2

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so UAL1 is destroying value.
  • UAL1 has less shares outstanding than it did 1 year ago.
  • The number of shares outstanding for UAL1 has been increased compared to 5 years ago.
  • The debt/assets ratio for UAL1 has been reduced compared to a year ago.
UAL1.DE Yearly Shares OutstandingUAL1.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M
UAL1.DE Yearly Total Debt VS Total AssetsUAL1.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20B 40B 60B

2.2 Solvency

  • The Debt to FCF ratio of UAL1 is 9.77, which is on the high side as it means it would take UAL1, 9.77 years of fcf income to pay off all of its debts.
  • UAL1 has a Debt to FCF ratio (9.77) which is comparable to the rest of the industry.
  • UAL1 has a Debt/Equity ratio of 1.35. This is a high value indicating a heavy dependency on external financing.
  • With a Debt to Equity ratio value of 1.35, UAL1 perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.35
Debt/FCF 9.77
Altman-Z N/A
ROIC/WACC0.84
WACC8.97%
UAL1.DE Yearly LT Debt VS Equity VS FCFUAL1.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10B 20B 30B

2.3 Liquidity

  • UAL1 has a Current Ratio of 0.65. This is a bad value and indicates that UAL1 is not financially healthy enough and could expect problems in meeting its short term obligations.
  • The Current ratio of UAL1 (0.65) is worse than 71.43% of its industry peers.
  • A Quick Ratio of 0.59 indicates that UAL1 may have some problems paying its short term obligations.
  • UAL1 has a Quick ratio of 0.59. This is in the lower half of the industry: UAL1 underperforms 71.43% of its industry peers.
Industry RankSector Rank
Current Ratio 0.65
Quick Ratio 0.59
UAL1.DE Yearly Current Assets VS Current LiabilitesUAL1.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B 25B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. Growth

3.1 Past

  • The Earnings Per Share has been growing slightly by 0.76% over the past year.
  • Measured over the past years, UAL1 shows a very strong growth in Earnings Per Share. The EPS has been growing by 63.03% on average per year.
  • The Revenue has been growing slightly by 3.52% in the past year.
  • UAL1 shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 30.93% yearly.
EPS 1Y (TTM)0.76%
EPS 3Y63.03%
EPS 5YN/A
EPS Q2Q%-4.91%
Revenue 1Y (TTM)3.52%
Revenue growth 3Y9.53%
Revenue growth 5Y30.93%
Sales Q2Q%4.78%

3.2 Future

  • Based on estimates for the next years, UAL1 will show a quite strong growth in Earnings Per Share. The EPS will grow by 15.01% on average per year.
  • The Revenue is expected to grow by 4.68% on average over the next years.
EPS Next Y26.7%
EPS Next 2Y20.23%
EPS Next 3Y17.19%
EPS Next 5Y15.01%
Revenue Next Year8.16%
Revenue Next 2Y7.39%
Revenue Next 3Y6.45%
Revenue Next 5Y4.68%

3.3 Evolution

  • Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
UAL1.DE Yearly Revenue VS EstimatesUAL1.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 20B 40B 60B
UAL1.DE Yearly EPS VS EstimatesUAL1.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 10 -10 20 -20

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5

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 10.34, the valuation of UAL1 can be described as very reasonable.
  • Compared to the rest of the industry, the Price/Earnings ratio of UAL1 is on the same level as its industry peers.
  • UAL1's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.98.
  • UAL1 is valuated reasonably with a Price/Forward Earnings ratio of 8.16.
  • Based on the Price/Forward Earnings ratio, UAL1 is valued a bit more expensive than 64.29% of the companies in the same industry.
  • UAL1 is valuated cheaply when we compare the Price/Forward Earnings ratio to 28.01, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 10.34
Fwd PE 8.16
UAL1.DE Price Earnings VS Forward Price EarningsUAL1.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of UAL1 indicates a rather expensive valuation: UAL1 more expensive than 85.71% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 13.96
EV/EBITDA N/A
UAL1.DE Per share dataUAL1.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 50 100 150

4.3 Compensation for Growth

  • UAL1's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • UAL1 has a very decent profitability rating, which may justify a higher PE ratio.
  • UAL1's earnings are expected to grow with 17.19% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.39
PEG (5Y)N/A
EPS Next 2Y20.23%
EPS Next 3Y17.19%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. Dividend

5.1 Amount

  • UAL1 does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

UNITED AIRLINES HOLDINGS INC

FRA:UAL1 (2/24/2026, 7:00:00 PM)

93.6

-1.53 (-1.61%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryPassenger Airlines
Earnings (Last)01-20
Earnings (Next)04-13
Inst Owners91.1%
Inst Owner ChangeN/A
Ins Owners0.52%
Ins Owner ChangeN/A
Market Cap30.30B
Revenue(TTM)59.07B
Net Income(TTM)3.35B
Analysts82
Price Target118.41 (26.51%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)4.56%
Min EPS beat(2)4.52%
Max EPS beat(2)4.61%
EPS beat(4)4
Avg EPS beat(4)7.16%
Min EPS beat(4)0.48%
Max EPS beat(4)19.01%
EPS beat(8)8
Avg EPS beat(8)14.83%
EPS beat(12)12
Avg EPS beat(12)15.2%
EPS beat(16)15
Avg EPS beat(16)12.1%
Revenue beat(2)0
Avg Revenue beat(2)-1.33%
Min Revenue beat(2)-1.67%
Max Revenue beat(2)-0.98%
Revenue beat(4)0
Avg Revenue beat(4)-1.43%
Min Revenue beat(4)-1.76%
Max Revenue beat(4)-0.98%
Revenue beat(8)1
Avg Revenue beat(8)-0.94%
Revenue beat(12)2
Avg Revenue beat(12)-0.72%
Revenue beat(16)4
Avg Revenue beat(16)-0.76%
PT rev (1m)2.01%
PT rev (3m)12.7%
EPS NQ rev (1m)2.51%
EPS NQ rev (3m)13.67%
EPS NY rev (1m)1.6%
EPS NY rev (3m)2.82%
Revenue NQ rev (1m)0.29%
Revenue NQ rev (3m)0.17%
Revenue NY rev (1m)0.13%
Revenue NY rev (3m)0.34%
Valuation
Industry RankSector Rank
PE 10.34
Fwd PE 8.16
P/S 0.6
P/FCF 13.96
P/OCF 4.23
P/B 2.34
P/tB 4.41
EV/EBITDA N/A
EPS(TTM)9.05
EY9.67%
EPS(NY)11.47
Fwd EY12.25%
FCF(TTM)6.71
FCFY7.17%
OCF(TTM)22.11
OCFY23.63%
SpS154.93
BVpS40.08
TBVpS21.24
PEG (NY)0.39
PEG (5Y)N/A
Graham Number90.34
Profitability
Industry RankSector Rank
ROA 4.39%
ROE 21.94%
ROCE 9.88%
ROIC 7.58%
ROICexc 10.02%
ROICexgc 12.34%
OM 8.42%
PM (TTM) 5.68%
GM 63.63%
FCFM 4.33%
ROA(3y)4.11%
ROA(5y)2.11%
ROE(3y)24.95%
ROE(5y)9.3%
ROIC(3y)7.85%
ROIC(5y)N/A
ROICexc(3y)10.83%
ROICexc(5y)N/A
ROICexgc(3y)13.53%
ROICexgc(5y)N/A
ROCE(3y)10.23%
ROCE(5y)N/A
ROICexgc growth 3Y15.42%
ROICexgc growth 5YN/A
ROICexc growth 3Y17.73%
ROICexc growth 5YN/A
OM growth 3Y15.17%
OM growth 5YN/A
PM growth 3Y51.28%
PM growth 5YN/A
GM growth 3Y5.21%
GM growth 5Y6.96%
F-Score8
Asset Turnover0.77
Health
Industry RankSector Rank
Debt/Equity 1.35
Debt/FCF 9.77
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales 9.94%
Interest Coverage 250
Cash Conversion N/A
Profit Quality 76.26%
Current Ratio 0.65
Quick Ratio 0.59
Altman-Z N/A
F-Score8
WACC8.97%
ROIC/WACC0.84
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)11.04%
Cap/Sales(5y)10.48%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)0.76%
EPS 3Y63.03%
EPS 5YN/A
EPS Q2Q%-4.91%
EPS Next Y26.7%
EPS Next 2Y20.23%
EPS Next 3Y17.19%
EPS Next 5Y15.01%
Revenue 1Y (TTM)3.52%
Revenue growth 3Y9.53%
Revenue growth 5Y30.93%
Sales Q2Q%4.78%
Revenue Next Year8.16%
Revenue Next 2Y7.39%
Revenue Next 3Y6.45%
Revenue Next 5Y4.68%
EBIT growth 1Y-4.55%
EBIT growth 3Y26.14%
EBIT growth 5YN/A
EBIT Next Year85.53%
EBIT Next 3Y30.12%
EBIT Next 5Y19.67%
FCF growth 1Y-33.24%
FCF growth 3Y27.04%
FCF growth 5YN/A
OCF growth 1Y-10.74%
OCF growth 3Y11.6%
OCF growth 5YN/A

UNITED AIRLINES HOLDINGS INC / UAL1.DE FAQ

What is the fundamental rating for UAL1 stock?

ChartMill assigns a fundamental rating of 4 / 10 to UAL1.DE.


What is the valuation status of UNITED AIRLINES HOLDINGS INC (UAL1.DE) stock?

ChartMill assigns a valuation rating of 5 / 10 to UNITED AIRLINES HOLDINGS INC (UAL1.DE). This can be considered as Fairly Valued.


What is the profitability of UAL1 stock?

UNITED AIRLINES HOLDINGS INC (UAL1.DE) has a profitability rating of 6 / 10.


How financially healthy is UNITED AIRLINES HOLDINGS INC?

The financial health rating of UNITED AIRLINES HOLDINGS INC (UAL1.DE) is 2 / 10.


Can you provide the expected EPS growth for UAL1 stock?

The Earnings per Share (EPS) of UNITED AIRLINES HOLDINGS INC (UAL1.DE) is expected to grow by 26.7% in the next year.