UNITEDHEALTH GROUP INC (UNH.DE) Fundamental Analysis & Valuation

FRA:UNH • US91324P1021

Current stock price

223.3 EUR
-10.8 (-4.61%)
Last:

This UNH.DE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

5

1. UNH.DE Profitability Analysis

1.1 Basic Checks

  • UNH had positive earnings in the past year.
  • UNH had a positive operating cash flow in the past year.
  • UNH had positive earnings in each of the past 5 years.
  • In the past 5 years UNH always reported a positive cash flow from operatings.
UNH.DE Yearly Net Income VS EBIT VS OCF VS FCFUNH.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 10B 20B 30B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 3.89%, UNH belongs to the top of the industry, outperforming 85.19% of the companies in the same industry.
  • UNH has a better Return On Equity (12.05%) than 74.07% of its industry peers.
  • UNH has a Return On Invested Capital (5.09%) which is in line with its industry peers.
  • The Average Return On Invested Capital over the past 3 years for UNH is above the industry average of 5.91%.
Industry RankSector Rank
ROA 3.89%
ROE 12.05%
ROIC 5.09%
ROA(3y)5.63%
ROA(5y)6.65%
ROE(3y)17.6%
ROE(5y)20.55%
ROIC(3y)8.75%
ROIC(5y)9.53%
UNH.DE Yearly ROA, ROE, ROICUNH.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20 25

1.3 Margins

  • Looking at the Profit Margin, with a value of 2.69%, UNH is in the better half of the industry, outperforming 62.96% of the companies in the same industry.
  • UNH's Profit Margin has declined in the last couple of years.
  • Looking at the Operating Margin, with a value of 4.24%, UNH is in line with its industry, outperforming 55.56% of the companies in the same industry.
  • In the last couple of years the Operating Margin of UNH has declined.
Industry RankSector Rank
OM 4.24%
PM (TTM) 2.69%
GM N/A
OM growth 3Y-21.54%
OM growth 5Y-13.43%
PM growth 3Y-24.29%
PM growth 5Y-14.77%
GM growth 3YN/A
GM growth 5YN/A
UNH.DE Yearly Profit, Operating, Gross MarginsUNH.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6 8

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4

2. UNH.DE Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), UNH is creating some value.
  • The number of shares outstanding for UNH has been reduced compared to 1 year ago.
  • Compared to 5 years ago, UNH has less shares outstanding
  • The debt/assets ratio for UNH has been reduced compared to a year ago.
UNH.DE Yearly Shares OutstandingUNH.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M
UNH.DE Yearly Total Debt VS Total AssetsUNH.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100B 200B 300B

2.2 Solvency

  • UNH has a debt to FCF ratio of 4.99. This is a neutral value as UNH would need 4.99 years to pay back of all of its debts.
  • The Debt to FCF ratio of UNH (4.99) is better than 85.19% of its industry peers.
  • A Debt/Equity ratio of 0.72 indicates that UNH is somewhat dependend on debt financing.
  • UNH has a Debt to Equity ratio of 0.72. This is in the better half of the industry: UNH outperforms 66.67% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.72
Debt/FCF 4.99
Altman-Z N/A
ROIC/WACC0.61
WACC8.34%
UNH.DE Yearly LT Debt VS Equity VS FCFUNH.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20B 40B 60B 80B 100B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
UNH.DE Yearly Current Assets VS Current LiabilitesUNH.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B

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4

3. UNH.DE Growth Analysis

3.1 Past

  • The earnings per share for UNH have decreased strongly by -41.58% in the last year.
  • The Earnings Per Share has been decreasing by -0.67% on average over the past years.
  • The Revenue has grown by 11.81% in the past year. This is quite good.
  • UNH shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 11.72% yearly.
EPS 1Y (TTM)-41.58%
EPS 3Y-9.75%
EPS 5Y-0.67%
EPS Q2Q%-69.02%
Revenue 1Y (TTM)11.81%
Revenue growth 3Y11.35%
Revenue growth 5Y11.72%
Sales Q2Q%12.31%

3.2 Future

  • UNH is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 18.30% yearly.
  • UNH is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.63% yearly.
EPS Next Y10.57%
EPS Next 2Y10.35%
EPS Next 3Y13.05%
EPS Next 5Y18.3%
Revenue Next Year-1.57%
Revenue Next 2Y0.8%
Revenue Next 3Y2.53%
Revenue Next 5Y4.63%

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.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
UNH.DE Yearly Revenue VS EstimatesUNH.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 200B 400B 600B
UNH.DE Yearly EPS VS EstimatesUNH.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 10 20 30 40 50

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3

4. UNH.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 15.77, the valuation of UNH can be described as correct.
  • Compared to the rest of the industry, the Price/Earnings ratio of UNH is on the same level as its industry peers.
  • UNH's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 24.88.
  • UNH is valuated correctly with a Price/Forward Earnings ratio of 14.26.
  • UNH's Price/Forward Earnings is on the same level as the industry average.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 22.19, UNH is valued a bit cheaper.
Industry RankSector Rank
PE 15.77
Fwd PE 14.26
UNH.DE Price Earnings VS Forward Price EarningsUNH.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 Enterprise Value to EBITDA ratio of UNH indicates a slightly more expensive valuation: UNH is more expensive than 66.67% of the companies listed in the same industry.
  • The rest of the industry has a similar Price/Free Cash Flow ratio as UNH.
Industry RankSector Rank
P/FCF 14.85
EV/EBITDA 12.16
UNH.DE Per share dataUNH.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 100 200 300 400

4.3 Compensation for Growth

  • UNH's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • UNH's earnings are expected to grow with 13.05% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.49
PEG (5Y)N/A
EPS Next 2Y10.35%
EPS Next 3Y13.05%

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6

5. UNH.DE Dividend Analysis

5.1 Amount

  • UNH has a Yearly Dividend Yield of 3.30%.
  • Compared to an average industry Dividend Yield of 1.94, UNH pays a bit more dividend than its industry peers.
  • UNH's Dividend Yield is rather good when compared to the S&P500 average which is at 1.89.
Industry RankSector Rank
Dividend Yield 3.3%

5.2 History

  • The dividend of UNH is nicely growing with an annual growth rate of 12.43%!
Dividend Growth(5Y)12.43%
Div Incr Years5
Div Non Decr Years5
UNH.DE Yearly Dividends per shareUNH.DE Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 2026 2 4 6 8

5.3 Sustainability

  • 65.66% of the earnings are spent on dividend by UNH. This is not a sustainable payout ratio.
  • The dividend of UNH is growing, but earnings are growing more, so the dividend growth is sustainable.
DP65.66%
EPS Next 2Y10.35%
EPS Next 3Y13.05%
UNH.DE Yearly Income VS Free CF VS DividendUNH.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B 25B
UNH.DE Dividend Payout.UNH.DE Dividend Payout, showing the Payout Ratio.UNH.DE Dividend Payout.PayoutRetained Earnings

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UNH.DE Fundamentals: All Metrics, Ratios and Statistics

UNITEDHEALTH GROUP INC

FRA:UNH (3/27/2026, 7:00:00 PM)

223.3

-10.8 (-4.61%)

Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupHealth Care Equipment & Services
GICS IndustryHealth Care Providers & Services
Earnings (Last)01-27
Earnings (Next)04-21
Inst Owners84.22%
Inst Owner ChangeN/A
Ins Owners0.17%
Ins Owner ChangeN/A
Market Cap202.68B
Revenue(TTM)447.57B
Net Income(TTM)12.06B
Analysts75.29
Price Target319.93 (43.27%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.3%
Yearly Dividend7.55
Dividend Growth(5Y)12.43%
DP65.66%
Div Incr Years5
Div Non Decr Years5
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)1.45%
Min EPS beat(2)-0.58%
Max EPS beat(2)3.48%
EPS beat(4)1
Avg EPS beat(4)-2.3%
Min EPS beat(4)-9.92%
Max EPS beat(4)3.48%
EPS beat(8)5
Avg EPS beat(8)0.06%
EPS beat(12)9
Avg EPS beat(12)0.66%
EPS beat(16)13
Avg EPS beat(16)1.45%
Revenue beat(2)0
Avg Revenue beat(2)-1.21%
Min Revenue beat(2)-1.51%
Max Revenue beat(2)-0.91%
Revenue beat(4)0
Avg Revenue beat(4)-1.53%
Min Revenue beat(4)-2.79%
Max Revenue beat(4)-0.91%
Revenue beat(8)1
Avg Revenue beat(8)-1.05%
Revenue beat(12)5
Avg Revenue beat(12)-0.37%
Revenue beat(16)6
Avg Revenue beat(16)-0.33%
PT rev (1m)-1.44%
PT rev (3m)-8.87%
EPS NQ rev (1m)-0.89%
EPS NQ rev (3m)5.16%
EPS NY rev (1m)0.14%
EPS NY rev (3m)0.57%
Revenue NQ rev (1m)0.01%
Revenue NQ rev (3m)-3.29%
Revenue NY rev (1m)-0.04%
Revenue NY rev (3m)-2.99%
Valuation
Industry RankSector Rank
PE 15.77
Fwd PE 14.26
P/S 0.52
P/FCF 14.85
P/OCF 12.07
P/B 2.33
P/tB 2.33
EV/EBITDA 12.16
EPS(TTM)14.16
EY6.34%
EPS(NY)15.66
Fwd EY7.01%
FCF(TTM)15.04
FCFY6.73%
OCF(TTM)18.5
OCFY8.29%
SpS428.14
BVpS95.75
TBVpS95.75
PEG (NY)1.49
PEG (5Y)N/A
Graham Number174.66
Profitability
Industry RankSector Rank
ROA 3.89%
ROE 12.05%
ROCE 6.25%
ROIC 5.09%
ROICexc 5.62%
ROICexgc 21.72%
OM 4.24%
PM (TTM) 2.69%
GM N/A
FCFM 3.51%
ROA(3y)5.63%
ROA(5y)6.65%
ROE(3y)17.6%
ROE(5y)20.55%
ROIC(3y)8.75%
ROIC(5y)9.53%
ROICexc(3y)9.73%
ROICexc(5y)10.65%
ROICexgc(3y)29.49%
ROICexgc(5y)31.32%
ROCE(3y)10.77%
ROCE(5y)11.72%
ROICexgc growth 3Y-15.05%
ROICexgc growth 5Y-8.06%
ROICexc growth 3Y-22.49%
ROICexc growth 5Y-14%
OM growth 3Y-21.54%
OM growth 5Y-13.43%
PM growth 3Y-24.29%
PM growth 5Y-14.77%
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover1.45
Health
Industry RankSector Rank
Debt/Equity 0.72
Debt/FCF 4.99
Debt/EBITDA 3.1
Cap/Depr 83.05%
Cap/Sales 0.81%
Interest Coverage 250
Cash Conversion 82.92%
Profit Quality 130.39%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score7
WACC8.34%
ROIC/WACC0.61
Cap/Depr(3y)84.55%
Cap/Depr(5y)83.03%
Cap/Sales(3y)0.86%
Cap/Sales(5y)0.86%
Profit Quality(3y)129.12%
Profit Quality(5y)123.75%
High Growth Momentum
Growth
EPS 1Y (TTM)-41.58%
EPS 3Y-9.75%
EPS 5Y-0.67%
EPS Q2Q%-69.02%
EPS Next Y10.57%
EPS Next 2Y10.35%
EPS Next 3Y13.05%
EPS Next 5Y18.3%
Revenue 1Y (TTM)11.81%
Revenue growth 3Y11.35%
Revenue growth 5Y11.72%
Sales Q2Q%12.31%
Revenue Next Year-1.57%
Revenue Next 2Y0.8%
Revenue Next 3Y2.53%
Revenue Next 5Y4.63%
EBIT growth 1Y-41.26%
EBIT growth 3Y-12.63%
EBIT growth 5Y-3.28%
EBIT Next Year29.5%
EBIT Next 3Y16.64%
EBIT Next 5Y17%
FCF growth 1Y-23.26%
FCF growth 3Y-12.42%
FCF growth 5Y-4.82%
OCF growth 1Y-19.36%
OCF growth 3Y-9.63%
OCF growth 5Y-2.7%

UNITEDHEALTH GROUP INC / UNH.DE Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for UNITEDHEALTH GROUP INC?

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


Can you provide the valuation status for UNITEDHEALTH GROUP INC?

ChartMill assigns a valuation rating of 3 / 10 to UNITEDHEALTH GROUP INC (UNH.DE). This can be considered as Overvalued.


Can you provide the profitability details for UNITEDHEALTH GROUP INC?

UNITEDHEALTH GROUP INC (UNH.DE) has a profitability rating of 5 / 10.


What are the PE and PB ratios of UNITEDHEALTH GROUP INC (UNH.DE) stock?

The Price/Earnings (PE) ratio for UNITEDHEALTH GROUP INC (UNH.DE) is 15.77 and the Price/Book (PB) ratio is 2.33.


Is the dividend of UNITEDHEALTH GROUP INC sustainable?

The dividend rating of UNITEDHEALTH GROUP INC (UNH.DE) is 6 / 10 and the dividend payout ratio is 65.66%.