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

FRA:UNH • US91324P1021

Current stock price

313.8 EUR
+2.4 (+0.77%)
Last:

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

4

1. UNH.DE Profitability Analysis

1.1 Basic Checks

  • In the past year UNH was profitable.
  • UNH had a positive operating cash flow in the past year.
  • In the past 5 years UNH has always been profitable.
  • UNH had a positive operating cash flow in each of the past 5 years.
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

  • UNH has a better Return On Assets (3.85%) than 77.78% of its industry peers.
  • UNH has a better Return On Equity (11.59%) than 77.78% of its industry peers.
  • UNH's Return On Invested Capital of 5.02% is in line compared to the rest of the industry. UNH outperforms 51.85% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for UNH is above the industry average of 5.73%.
Industry RankSector Rank
ROA 3.85%
ROE 11.59%
ROIC 5.02%
ROA(3y)5.63%
ROA(5y)6.65%
ROE(3y)17.86%
ROE(5y)20.71%
ROIC(3y)8.98%
ROIC(5y)9.66%
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

  • UNH's Profit Margin of 2.68% is in line compared to the rest of the industry. UNH outperforms 59.26% of its industry peers.
  • In the last couple of years the Profit Margin of UNH has declined.
  • UNH has a Operating Margin of 4.19%. This is comparable to the rest of the industry: UNH outperforms 44.44% of its industry peers.
  • In the last couple of years the Operating Margin of UNH has declined.
Industry RankSector Rank
OM 4.19%
PM (TTM) 2.68%
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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5

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.
  • UNH has less shares outstanding than it did 1 year ago.
  • UNH has less shares outstanding than it did 5 years ago.
  • 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 3.98. This is a good value and a sign of high solvency as UNH would need 3.98 years to pay back of all of its debts.
  • UNH has a Debt to FCF ratio of 3.98. This is amongst the best in the industry. UNH outperforms 88.89% of its industry peers.
  • A Debt/Equity ratio of 0.69 indicates that UNH is somewhat dependend on debt financing.
  • The Debt to Equity ratio of UNH (0.69) is better than 70.37% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.69
Debt/FCF 3.98
Altman-Z N/A
ROIC/WACC0.58
WACC8.69%
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

2.3 Liquidity

  • A Current Ratio of 0.89 indicates that UNH may have some problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 0.89, UNH is in line with its industry, outperforming 40.74% of the companies in the same industry.
  • A Quick Ratio of 0.89 indicates that UNH may have some problems paying its short term obligations.
  • UNH has a Quick ratio (0.89) which is in line with its industry peers.
Industry RankSector Rank
Current Ratio 0.89
Quick Ratio 0.89
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 40B

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4

3. UNH.DE Growth Analysis

3.1 Past

  • UNH shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -41.56%.
  • The Earnings Per Share has been decreasing by -0.67% on average over the past years.
  • The Revenue has grown by 9.67% in the past year. This is quite good.
  • The Revenue has been growing by 11.72% on average over the past years. This is quite good.
EPS 1Y (TTM)-41.56%
EPS 3Y-9.75%
EPS 5Y-0.67%
EPS Q2Q%0.42%
Revenue 1Y (TTM)9.67%
Revenue growth 3Y11.35%
Revenue growth 5Y11.72%
Sales Q2Q%1.96%

3.2 Future

  • The Earnings Per Share is expected to grow by 15.88% on average over the next years. This is quite good.
  • UNH is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.86% yearly.
EPS Next Y10.55%
EPS Next 2Y10.88%
EPS Next 3Y13.68%
EPS Next 5Y15.88%
Revenue Next Year-1.61%
Revenue Next 2Y0.98%
Revenue Next 3Y2.65%
Revenue Next 5Y3.86%

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.
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

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2

4. UNH.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 22.43, UNH is valued on the expensive side.
  • Compared to the rest of the industry, the Price/Earnings ratio of UNH is on the same level as its industry peers.
  • When comparing the Price/Earnings ratio of UNH to the average of the S&P500 Index (26.54), we can say UNH is valued inline with the index average.
  • UNH is valuated rather expensively with a Price/Forward Earnings ratio of 18.28.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of UNH is on the same level as its industry peers.
  • UNH is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 21.68, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 22.43
Fwd PE 18.28
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

  • 74.07% of the companies in the same industry are cheaper than UNH, based on the Enterprise Value to EBITDA ratio.
  • The rest of the industry has a similar Price/Free Cash Flow ratio as UNH.
Industry RankSector Rank
P/FCF 17
EV/EBITDA 16.27
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

  • 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 13.68% in the coming years. This may justify a more expensive valuation.
PEG (NY)2.13
PEG (5Y)N/A
EPS Next 2Y10.88%
EPS Next 3Y13.68%

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6

5. UNH.DE Dividend Analysis

5.1 Amount

  • UNH has a Yearly Dividend Yield of 2.49%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 1.64, UNH pays a bit more dividend than its industry peers.
  • UNH's Dividend Yield is a higher than the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 2.49%

5.2 History

  • On average, the dividend of UNH grows each year by 12.43%, which is quite nice.
Dividend Growth(5Y)12.43%
Div Incr Years6
Div Non Decr Years6
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

  • UNH pays out 66.50% 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.
DP66.5%
EPS Next 2Y10.88%
EPS Next 3Y13.68%
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 (4/29/2026, 7:00:00 PM)

313.8

+2.4 (+0.77%)

Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupHealth Care Equipment & Services
GICS IndustryHealth Care Providers & Services
Industry Strength44.1
Industry Growth72.05
Earnings (Last)04-21
Earnings (Next)07-27
Inst Owners84.08%
Inst Owner ChangeN/A
Ins Owners0.16%
Ins Owner ChangeN/A
Market Cap284.83B
Revenue(TTM)449.71B
Net Income(TTM)12.04B
Analysts75.88
Price Target313.24 (-0.18%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.49%
Yearly Dividend7.42
Dividend Growth(5Y)12.43%
DP66.5%
Div Incr Years6
Div Non Decr Years6
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)4.08%
Min EPS beat(2)-0.58%
Max EPS beat(2)8.74%
EPS beat(4)2
Avg EPS beat(4)0.43%
Min EPS beat(4)-9.92%
Max EPS beat(4)8.74%
EPS beat(8)5
Avg EPS beat(8)0.26%
EPS beat(12)9
Avg EPS beat(12)1.29%
EPS beat(16)13
Avg EPS beat(16)1.93%
Revenue beat(2)1
Avg Revenue beat(2)-0.28%
Min Revenue beat(2)-1.51%
Max Revenue beat(2)0.95%
Revenue beat(4)1
Avg Revenue beat(4)-0.6%
Min Revenue beat(4)-1.51%
Max Revenue beat(4)0.95%
Revenue beat(8)2
Avg Revenue beat(8)-0.91%
Revenue beat(12)5
Avg Revenue beat(12)-0.41%
Revenue beat(16)6
Avg Revenue beat(16)-0.31%
PT rev (1m)-2.09%
PT rev (3m)-9.38%
EPS NQ rev (1m)2.4%
EPS NQ rev (3m)5.92%
EPS NY rev (1m)-0.02%
EPS NY rev (3m)0.62%
Revenue NQ rev (1m)0.01%
Revenue NQ rev (3m)-3.49%
Revenue NY rev (1m)-0.04%
Revenue NY rev (3m)-3.05%
Valuation
Industry RankSector Rank
PE 22.43
Fwd PE 18.28
P/S 0.74
P/FCF 17
P/OCF 14.43
P/B 3.2
P/tB 3.2
EV/EBITDA 16.27
EPS(TTM)13.99
EY4.46%
EPS(NY)17.17
Fwd EY5.47%
FCF(TTM)18.46
FCFY5.88%
OCF(TTM)21.75
OCFY6.93%
SpS424.19
BVpS98
TBVpS98
PEG (NY)2.13
PEG (5Y)N/A
Graham Number175.634 (-44.03%)
Profitability
Industry RankSector Rank
ROA 3.85%
ROE 11.59%
ROCE 6.15%
ROIC 5.02%
ROICexc 5.59%
ROICexgc 19.97%
OM 4.19%
PM (TTM) 2.68%
GM N/A
FCFM 4.35%
ROA(3y)5.63%
ROA(5y)6.65%
ROE(3y)17.86%
ROE(5y)20.71%
ROIC(3y)8.98%
ROIC(5y)9.66%
ROICexc(3y)9.97%
ROICexc(5y)10.8%
ROICexgc(3y)28.02%
ROICexgc(5y)30.44%
ROCE(3y)11.07%
ROCE(5y)11.9%
ROICexgc growth 3Y-21.25%
ROICexgc growth 5Y-12.15%
ROICexc growth 3Y-19.22%
ROICexc growth 5Y-11.85%
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-Score6
Asset Turnover1.44
Health
Industry RankSector Rank
Debt/Equity 0.69
Debt/FCF 3.98
Debt/EBITDA 3.08
Cap/Depr 80.55%
Cap/Sales 0.78%
Interest Coverage 250
Cash Conversion 99.55%
Profit Quality 162.5%
Current Ratio 0.89
Quick Ratio 0.89
Altman-Z N/A
F-Score6
WACC8.69%
ROIC/WACC0.58
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)-41.56%
EPS 3Y-9.75%
EPS 5Y-0.67%
EPS Q2Q%0.42%
EPS Next Y10.55%
EPS Next 2Y10.88%
EPS Next 3Y13.68%
EPS Next 5Y15.88%
Revenue 1Y (TTM)9.67%
Revenue growth 3Y11.35%
Revenue growth 5Y11.72%
Sales Q2Q%1.96%
Revenue Next Year-1.61%
Revenue Next 2Y0.98%
Revenue Next 3Y2.65%
Revenue Next 5Y3.86%
EBIT growth 1Y-43.73%
EBIT growth 3Y-12.63%
EBIT growth 5Y-3.28%
EBIT Next Year29.57%
EBIT Next 3Y17.04%
EBIT Next 5Y15.62%
FCF growth 1Y86.12%
FCF growth 3Y-12.42%
FCF growth 5Y-4.82%
OCF growth 1Y66.07%
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 2 / 10 to UNITEDHEALTH GROUP INC (UNH.DE). This can be considered as Overvalued.


What is the profitability of UNH stock?

UNITEDHEALTH GROUP INC (UNH.DE) has a profitability rating of 4 / 10.


How financially healthy is UNITEDHEALTH GROUP INC?

The financial health rating of UNITEDHEALTH GROUP INC (UNH.DE) is 5 / 10.


Can you provide the dividend sustainability for UNH stock?

The dividend rating of UNITEDHEALTH GROUP INC (UNH.DE) is 6 / 10 and the dividend payout ratio is 66.5%.