UNIVERSAL LOGISTICS HOLDINGS (ULH) Stock Fundamental Analysis
NASDAQ:ULH - Nasdaq - US91388P1057 - Common Stock - Currency: USD
We assign a fundamental rating of 4 out of 10 to ULH. ULH was compared to 40 industry peers in the Ground Transportation industry. ULH scores excellent on profitability, but there are concerns on its financial health. ULH has a valuation in line with the averages, but it does not seem to be growing.
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.
ULH had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
ULH's Return On Assets of 4.64% is in line compared to the rest of the industry. ULH outperforms 60.00% of its industry peers.
ULH has a Return On Equity (12.91%) which is in line with its industry peers.
ULH has a better Return On Invested Capital (7.49%) than 62.50% of its industry peers.
The Average Return On Invested Capital over the past 3 years for ULH is significantly above the industry average of 8.58%.
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
The Profit Margin of ULH (4.81%) is better than 67.50% 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 65.00% of its industry peers.
In the last couple of years the Operating Margin of ULH has grown nicely.
ULH has a Gross Margin (39.82%) which is in line with its industry peers.
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
ULH has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
Compared to 1 year ago, ULH has about the same amount of shares outstanding.
Compared to 5 years ago, ULH has less shares outstanding
ULH has a worse debt/assets ratio than last year.
2.2 Solvency
ULH has an Altman-Z score of 2.11. 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.
ULH has a Altman-Z score of 2.11. This is in the lower half of the industry: ULH underperforms 60.00% of its industry peers.
ULH has a Debt/Equity ratio of 1.00. This is a neutral value indicating 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 70.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 2.11 |
ROIC/WACC0.84
WACC8.89%
2.3 Liquidity
A Current Ratio of 1.18 indicates that ULH should not have too much problems paying its short term obligations.
The Current ratio of ULH (1.18) is comparable to the rest of the industry.
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.
ULH has a Quick ratio of 1.18. This is comparable to the rest of the industry: ULH outperforms 60.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.18 | ||
| Quick Ratio | 1.18 |
3. Growth
3.1 Past
ULH shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -27.51%.
Measured over the past years, ULH shows a very strong growth in Earnings Per Share. The EPS has been growing by 20.14% on average per year.
The Revenue has been growing slightly by 1.15% in the past year.
Measured over the past years, ULH shows a small growth in Revenue. The Revenue has been growing by 4.07% on average per year.
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
Based on estimates for the next years, ULH will show a very negative growth in Earnings Per Share. The EPS will decrease by -22.13% on average per year.
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
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 7.64, the valuation of ULH can be described as very cheap.
Compared to the rest of the industry, the Price/Earnings ratio of ULH indicates a rather cheap valuation: ULH is cheaper than 97.50% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of ULH to the average of the S&P500 Index (27.15), we can say ULH is valued rather cheaply.
ULH is valuated reasonably with a Price/Forward Earnings ratio of 8.24.
Compared to the rest of the industry, the Price/Forward Earnings ratio of ULH indicates a rather cheap valuation: ULH is cheaper than 97.50% of the companies listed in the same industry.
ULH is valuated cheaply when we compare the Price/Forward Earnings ratio to 21.60, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.64 | ||
| Fwd PE | 8.24 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ULH is valued cheaply inside the industry as 95.00% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 4.78 |
4.3 Compensation for Growth
ULH has a very decent 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)0.38
EPS Next 2Y-22.13%
EPS Next 3YN/A
5. Dividend
5.1 Amount
ULH has a Yearly Dividend Yield of 1.64%. Purely for dividend investing, there may be better candidates out there.
ULH's Dividend Yield is a higher than the industry average which is at 1.55.
Compared to the average S&P500 Dividend Yield of 2.42, ULH is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.64% |
5.2 History
The dividend of ULH decreases each year by -4.84%.
ULH has paid a dividend for at least 10 years, which is 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
25.38
-0.35 (-1.36%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryGround Transportation
Earnings (Last)
Earnings (Next)
Inst Owners28.53%
Inst Owner Change2.97%
Ins Owners2.69%
Ins Owner Change7.53%
Market Cap668.26M
Analysts45
Price Target29.58 (16.55%)
Short Float %5.2%
Short Ratio6.1
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.64% |
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)0%
PT rev (3m)-21.62%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-46.03%
EPS NY rev (1m)0%
EPS NY rev (3m)-30.6%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-7.82%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-5.24%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.64 | ||
| Fwd PE | 8.24 | ||
| P/S | 0.38 | ||
| P/FCF | N/A | ||
| P/OCF | 4.18 | ||
| P/B | 1.03 | ||
| P/tB | 2.25 | ||
| EV/EBITDA | 4.78 |
EPS(TTM)3.32
EY13.08%
EPS(NY)3.08
Fwd EY12.14%
FCF(TTM)-2.88
FCFYN/A
OCF(TTM)6.07
OCFY23.91%
SpS65.95
BVpS24.55
TBVpS11.26
PEG (NY)N/A
PEG (5Y)0.38
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 | 2.11 |
F-Score4
WACC8.89%
ROIC/WACC0.84
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%