UNITEDHEALTH GROUP INC (UNH.DE) Stock Fundamental Analysis
Europe - FRA:UNH - US91324P1021 - Common Stock
304.85 EUR
-0.6 (-0.2%)
Overall UNH gets a fundamental rating of 5 out of 10. We evaluated UNH against 28 industry peers in the Health Care Providers & Services industry. UNH has only an average score on both its financial health and profitability. UNH is quite expensive at the moment. It does show a decent growth rate.
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.
Each year in the past 5 years UNH had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 6.90%, UNH belongs to the top of the industry, outperforming 81.48% of the companies in the same industry.
With an excellent Return On Equity value of 21.20%, UNH belongs to the best of the industry, outperforming 92.59% of the companies in the same industry.
UNH's Return On Invested Capital of 7.89% is fine compared to the rest of the industry. UNH outperforms 77.78% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for UNH is above the industry average of 6.04%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.9% | ||
| ROE | 21.2% | ||
| ROIC | 7.89% |
ROA(3y)7.06%
ROA(5y)7.43%
ROE(3y)22.21%
ROE(5y)22.85%
ROIC(3y)10.14%
ROIC(5y)10.16%
1.3 Margins
UNH has a better Profit Margin (5.04%) than 70.37% of its industry peers.
UNH's Profit Margin has declined in the last couple of years.
With a Operating Margin value of 7.27%, UNH perfoms like the industry average, outperforming 51.85% of the companies in the same industry.
UNH's Operating Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.27% | ||
| PM (TTM) | 5.04% | ||
| GM | N/A |
OM growth 3Y-1.09%
OM growth 5Y-0.16%
PM growth 3Y-15.71%
PM growth 5Y-8.84%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), UNH is creating some value.
Compared to 1 year ago, UNH has less shares outstanding
UNH has less shares outstanding than it did 5 years ago.
UNH has a worse debt/assets ratio than last year.
2.2 Solvency
UNH has a debt to FCF ratio of 3.13. This is a good value and a sign of high solvency as UNH would need 3.13 years to pay back of all of its debts.
The Debt to FCF ratio of UNH (3.13) is better than 85.19% of its industry peers.
UNH has a Debt/Equity ratio of 0.73. This is a neutral value indicating UNH is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.73, UNH perfoms like the industry average, outperforming 51.85% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.73 | ||
| Debt/FCF | 3.13 | ||
| Altman-Z | N/A |
ROIC/WACC0.94
WACC8.4%
2.3 Liquidity
A Current Ratio of 0.88 indicates that UNH may have some problems paying its short term obligations.
UNH has a worse Current ratio (0.88) than 66.67% of its industry peers.
A Quick Ratio of 0.88 indicates that UNH may have some problems paying its short term obligations.
UNH has a Quick ratio (0.88) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.88 | ||
| Quick Ratio | 0.88 |
3. Growth
3.1 Past
The earnings per share for UNH have decreased by -5.40% in the last year.
The Earnings Per Share has been growing by 13.07% on average over the past years. This is quite good.
UNH shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 9.70%.
The Revenue has been growing by 10.57% on average over the past years. This is quite good.
EPS 1Y (TTM)-5.4%
EPS 3Y13.67%
EPS 5Y13.07%
EPS Q2Q%-40%
Revenue 1Y (TTM)9.7%
Revenue growth 3Y11.65%
Revenue growth 5Y10.57%
Sales Q2Q%12.66%
3.2 Future
UNH is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 3.11% yearly.
The Revenue is expected to grow by 6.35% on average over the next years.
EPS Next Y-41.39%
EPS Next 2Y-20.21%
EPS Next 3Y-9.29%
EPS Next 5Y3.11%
Revenue Next Year11.71%
Revenue Next 2Y7.77%
Revenue Next 3Y6.89%
Revenue Next 5Y6.35%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less 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
Based on the Price/Earnings ratio of 14.15, the valuation of UNH can be described as correct.
Based on the Price/Earnings ratio, UNH is valued a bit cheaper than the industry average as 77.78% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 27.30. UNH is valued slightly cheaper when compared to this.
Based on the Price/Forward Earnings ratio of 20.10, the valuation of UNH can be described as rather expensive.
UNH's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. UNH is more expensive than 66.67% of the companies in the same industry.
UNH's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 22.73.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.15 | ||
| Fwd PE | 20.1 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of UNH is on the same level as its industry peers.
UNH's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.79 | ||
| EV/EBITDA | 10.6 |
4.3 Compensation for Growth
UNH has a very decent profitability rating, which may justify a higher PE ratio.
A cheap valuation may be justified as UNH's earnings are expected to decrease with -9.29% in the coming years.
PEG (NY)N/A
PEG (5Y)1.08
EPS Next 2Y-20.21%
EPS Next 3Y-9.29%
5. Dividend
5.1 Amount
UNH has a Yearly Dividend Yield of 2.50%. 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 2.57. UNH pays more dividend than 81.48% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.38, UNH has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.5% |
5.2 History
On average, the dividend of UNH grows each year by 14.73%, which is quite nice.
Dividend Growth(5Y)14.73%
Div Incr Years5
Div Non Decr Years5
5.3 Sustainability
UNH pays out 36.54% of its income as dividend. This is a sustainable payout ratio.
The dividend of UNH is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP36.54%
EPS Next 2Y-20.21%
EPS Next 3Y-9.29%
FRA:UNH (9/12/2025, 7:00:00 PM)
304.85
-0.6 (-0.2%)
Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupHealth Care Equipment & Services
GICS IndustryHealth Care Providers & Services
Earnings (Last)
Earnings (Next)
Inst Owners90.48%
Inst Owner ChangeN/A
Ins Owners0.19%
Ins Owner ChangeN/A
Market Cap276.09B
Analysts75.63
Price Target296.93 (-2.6%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.5% |
Yearly Dividend6.99
Dividend Growth(5Y)14.73%
DP36.54%
Div Incr Years5
Div Non Decr Years5
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-6.05%
Min EPS beat(2)-9.92%
Max EPS beat(2)-2.18%
EPS beat(4)2
Avg EPS beat(4)-2.67%
Min EPS beat(4)-9.92%
Max EPS beat(4)1.12%
EPS beat(8)6
Avg EPS beat(8)0.29%
EPS beat(12)10
Avg EPS beat(12)1.09%
EPS beat(16)14
Avg EPS beat(16)1.55%
Revenue beat(2)0
Avg Revenue beat(2)-1.85%
Min Revenue beat(2)-2.79%
Max Revenue beat(2)-0.91%
Revenue beat(4)1
Avg Revenue beat(4)-1.27%
Min Revenue beat(4)-2.79%
Max Revenue beat(4)0.55%
Revenue beat(8)3
Avg Revenue beat(8)-0.56%
Revenue beat(12)5
Avg Revenue beat(12)-0.28%
Revenue beat(16)8
Avg Revenue beat(16)-0.12%
PT rev (1m)2.06%
PT rev (3m)-16.59%
EPS NQ rev (1m)-0.29%
EPS NQ rev (3m)-62.75%
EPS NY rev (1m)-26.67%
EPS NY rev (3m)-32.68%
Revenue NQ rev (1m)0.01%
Revenue NQ rev (3m)-0.31%
Revenue NY rev (1m)-0.27%
Revenue NY rev (3m)-0.54%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.15 | ||
| Fwd PE | 20.1 | ||
| P/S | 0.77 | ||
| P/FCF | 12.79 | ||
| P/OCF | 11.16 | ||
| P/B | 3.22 | ||
| P/tB | 3.22 | ||
| EV/EBITDA | 10.6 |
EPS(TTM)21.54
EY7.07%
EPS(NY)15.17
Fwd EY4.98%
FCF(TTM)23.83
FCFY7.82%
OCF(TTM)27.31
OCFY8.96%
SpS398.41
BVpS94.67
TBVpS94.67
PEG (NY)N/A
PEG (5Y)1.08
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.9% | ||
| ROE | 21.2% | ||
| ROCE | 10.15% | ||
| ROIC | 7.89% | ||
| ROICexc | 8.82% | ||
| ROICexgc | 33.7% | ||
| OM | 7.27% | ||
| PM (TTM) | 5.04% | ||
| GM | N/A | ||
| FCFM | 5.98% |
ROA(3y)7.06%
ROA(5y)7.43%
ROE(3y)22.21%
ROE(5y)22.85%
ROIC(3y)10.14%
ROIC(5y)10.16%
ROICexc(3y)11.32%
ROICexc(5y)11.36%
ROICexgc(3y)32.46%
ROICexgc(5y)32.01%
ROCE(3y)13.1%
ROCE(5y)13.1%
ROICexcg growth 3Y-2.11%
ROICexcg growth 5Y-0.12%
ROICexc growth 3Y-2.38%
ROICexc growth 5Y-0.43%
OM growth 3Y-1.09%
OM growth 5Y-0.16%
PM growth 3Y-15.71%
PM growth 5Y-8.84%
GM growth 3YN/A
GM growth 5YN/A
F-Score8
Asset Turnover1.37
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.73 | ||
| Debt/FCF | 3.13 | ||
| Debt/EBITDA | 2.1 | ||
| Cap/Depr | 87.23% | ||
| Cap/Sales | 0.87% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 82.85% | ||
| Profit Quality | 118.76% | ||
| Current Ratio | 0.88 | ||
| Quick Ratio | 0.88 | ||
| Altman-Z | N/A |
F-Score8
WACC8.4%
ROIC/WACC0.94
Cap/Depr(3y)84.34%
Cap/Depr(5y)80.61%
Cap/Sales(3y)0.88%
Cap/Sales(5y)0.86%
Profit Quality(3y)124.43%
Profit Quality(5y)123.8%
High Growth Momentum
Growth
EPS 1Y (TTM)-5.4%
EPS 3Y13.67%
EPS 5Y13.07%
EPS Q2Q%-40%
EPS Next Y-41.39%
EPS Next 2Y-20.21%
EPS Next 3Y-9.29%
EPS Next 5Y3.11%
Revenue 1Y (TTM)9.7%
Revenue growth 3Y11.65%
Revenue growth 5Y10.57%
Sales Q2Q%12.66%
Revenue Next Year11.71%
Revenue Next 2Y7.77%
Revenue Next 3Y6.89%
Revenue Next 5Y6.35%
EBIT growth 1Y-3.97%
EBIT growth 3Y10.44%
EBIT growth 5Y10.4%
EBIT Next Year-27.23%
EBIT Next 3Y-3.46%
EBIT Next 5Y4.32%
FCF growth 1Y-33.78%
FCF growth 3Y0.99%
FCF growth 5Y4.56%
OCF growth 1Y-29.96%
OCF growth 3Y2.39%
OCF growth 5Y5.37%