UNITEDHEALTH GROUP INC (UNH.DE) Stock Fundamental Analysis
Europe • Frankfurt Stock Exchange • FRA:UNH • US91324P1021
245.375 EUR
+5.03 (+2.09%)
Last: Feb 2, 2026, 05:26 PM
UNH gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 33 industry peers in the Health Care Providers & Services industry. Both the profitability and the financial health of UNH get a neutral evaluation. Nothing too spectacular is happening here. While showing a medium growth rate, UNH is valued expensive at the moment. Finally UNH also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
- UNH had positive earnings in the past year.
- In the past year UNH had a positive cash flow from operations.
- In the past 5 years UNH has always been profitable.
- UNH had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- UNH has a Return On Assets of 3.89%. This is amongst the best in the industry. UNH outperforms 81.82% of its industry peers.
- The Return On Equity of UNH (12.05%) is better than 75.76% of its industry peers.
- UNH has a Return On Invested Capital of 5.09%. This is comparable to the rest of the industry: UNH outperforms 57.58% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for UNH is above the industry average of 5.90%.
| Industry Rank | Sector 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%
1.3 Margins
- Looking at the Profit Margin, with a value of 2.69%, UNH is in the better half of the industry, outperforming 63.64% of the companies in the same industry.
- UNH's Profit Margin has declined in the last couple of years.
- UNH has a Operating Margin (4.24%) which is comparable to the rest of the industry.
- UNH's Operating Margin has declined in the last couple of years.
| Industry Rank | Sector 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
2. Health
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so UNH is still creating some value.
- UNH has less shares outstanding than it did 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.
2.2 Solvency
- The Debt to FCF ratio of UNH is 4.99, which is a neutral value as it means it would take UNH, 4.99 years of fcf income to pay off all of its debts.
- With an excellent Debt to FCF ratio value of 4.99, UNH belongs to the best of the industry, outperforming 87.88% of the companies in the same industry.
- A Debt/Equity ratio of 0.72 indicates that UNH is somewhat dependend on debt financing.
- Looking at the Debt to Equity ratio, with a value of 0.72, UNH is in the better half of the industry, outperforming 72.73% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.72 | ||
| Debt/FCF | 4.99 | ||
| Altman-Z | N/A |
ROIC/WACC0.59
WACC8.64%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
- UNH shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -41.58%.
- Measured over the past years, UNH shows a decrease in Earnings Per Share. The EPS has been decreasing by -0.67% on average per year.
- UNH shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 11.81%.
- Measured over the past years, UNH shows a quite strong growth in Revenue. The Revenue has been growing by 11.72% on average per year.
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
- Based on estimates for the next years, UNH will show a very strong growth in Earnings Per Share. The EPS will grow by 21.30% on average per year.
- UNH is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.37% yearly.
EPS Next Y9.86%
EPS Next 2Y13.65%
EPS Next 3Y17.57%
EPS Next 5Y21.3%
Revenue Next Year1.48%
Revenue Next 2Y3.3%
Revenue Next 3Y3.62%
Revenue Next 5Y5.37%
3.3 Evolution
- The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
- 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
- A Price/Earnings ratio of 17.94 indicates a rather expensive valuation of UNH.
- UNH's Price/Earnings is on the same level as the industry average.
- When comparing the Price/Earnings ratio of UNH to the average of the S&P500 Index (28.32), we can say UNH is valued slightly cheaper.
- UNH is valuated correctly with a Price/Forward Earnings ratio of 16.32.
- UNH's Price/Forward Earnings is on the same level as the industry average.
- When comparing the Price/Forward Earnings ratio of UNH to the average of the S&P500 Index (25.57), we can say UNH is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.94 | ||
| Fwd PE | 16.32 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, UNH is valued a bit more expensive than 69.70% of the companies in the same industry.
- UNH's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.85 | ||
| EV/EBITDA | 13.28 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates UNH does not grow enough to justify the current Price/Earnings ratio.
- UNH's earnings are expected to grow with 17.57% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.82
PEG (5Y)N/A
EPS Next 2Y13.65%
EPS Next 3Y17.57%
5. Dividend
5.1 Amount
- UNH has a Yearly Dividend Yield of 3.02%. Purely for dividend investing, there may be better candidates out there.
- UNH's Dividend Yield is rather good when compared to the industry average which is at 1.60. UNH pays more dividend than 87.88% of the companies in the same industry.
- UNH's Dividend Yield is rather good when compared to the S&P500 average which is at 1.83.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.02% |
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
5.3 Sustainability
- UNH pays out 65.66% of its income as dividend. 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 2Y13.65%
EPS Next 3Y17.57%
UNITEDHEALTH GROUP INC / UNH.DE FAQ
Can you provide the ChartMill fundamental rating for UNITEDHEALTH GROUP INC?
ChartMill assigns a fundamental rating of 5 / 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 17.94 and the Price/Book (PB) ratio is 2.65.
Is the dividend of UNITEDHEALTH GROUP INC sustainable?
The dividend rating of UNITEDHEALTH GROUP INC (UNH.DE) is 7 / 10 and the dividend payout ratio is 65.66%.