UNITEDHEALTH GROUP INC (UNH) Fundamental Analysis & Valuation

NYSE:UNH • US91324P1021

Current stock price

364.13 USD
-6.61 (-1.78%)
Last:

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

4

1. UNH 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.
  • In the past 5 years UNH always reported a positive cash flow from operatings.
UNH Yearly Net Income VS EBIT VS OCF VS FCFUNH 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

  • The Return On Assets of UNH (3.85%) is better than 71.00% of its industry peers.
  • Looking at the Return On Equity, with a value of 11.59%, UNH is in the better half of the industry, outperforming 78.00% of the companies in the same industry.
  • UNH's Return On Invested Capital of 5.02% is in line compared to the rest of the industry. UNH outperforms 57.00% of its industry peers.
  • UNH had an Average Return On Invested Capital over the past 3 years of 8.98%. This is in line with the industry average of 8.40%.
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 Yearly ROA, ROE, ROICUNH 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 fine compared to the rest of the industry. UNH outperforms 66.00% 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 59.00% 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 Yearly Profit, Operating, Gross MarginsUNH 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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3

2. UNH Health Analysis

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.
UNH Yearly Shares OutstandingUNH Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M
UNH Yearly Total Debt VS Total AssetsUNH 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

  • The Debt to FCF ratio of UNH is 3.98, which is a good value as it means it would take UNH, 3.98 years of fcf income to pay off all of its debts.
  • UNH has a Debt to FCF ratio of 3.98. This is in the better half of the industry: UNH outperforms 66.00% of its industry peers.
  • UNH has a Debt/Equity ratio of 0.69. This is a neutral value indicating UNH is somewhat dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.69, UNH is in line with its industry, outperforming 52.00% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.69
Debt/FCF 3.98
Altman-Z N/A
ROIC/WACC0.57
WACC8.78%
UNH Yearly LT Debt VS Equity VS FCFUNH 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

  • UNH has a Current Ratio of 0.89. This is a bad value and indicates that UNH is not financially healthy enough and could expect problems in meeting its short term obligations.
  • UNH has a worse Current ratio (0.89) than 78.00% of its industry peers.
  • UNH has a Quick Ratio of 0.89. This is a bad value and indicates that UNH is not financially healthy enough and could expect problems in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 0.89, UNH is doing worse than 73.00% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.89
Quick Ratio 0.89
UNH Yearly Current Assets VS Current LiabilitesUNH 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 Growth Analysis

3.1 Past

  • The earnings per share for UNH have decreased strongly by -41.56% in the last year.
  • 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.
  • 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

  • Based on estimates for the next years, UNH will show a quite strong growth in Earnings Per Share. The EPS will grow by 15.88% on average per year.
  • 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

  • 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 Yearly Revenue VS EstimatesUNH Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 200B 400B 600B
UNH Yearly EPS VS EstimatesUNH 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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3

4. UNH Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 22.28, the valuation of UNH can be described as rather expensive.
  • Based on the Price/Earnings ratio, UNH is valued a bit cheaper than 66.00% of the companies in the same industry.
  • 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.
  • A Price/Forward Earnings ratio of 18.16 indicates a rather expensive valuation of UNH.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of UNH indicates a somewhat cheap valuation: UNH is cheaper than 62.00% of the companies listed in the same industry.
  • When comparing the Price/Forward Earnings ratio of UNH to the average of the S&P500 Index (21.68), we can say UNH is valued inline with the index average.
Industry RankSector Rank
PE 22.28
Fwd PE 18.16
UNH Price Earnings VS Forward Price EarningsUNH Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

  • UNH's Enterprise Value to EBITDA is on the same level as the industry average.
  • 67.00% of the companies in the same industry are more expensive than UNH, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 16.89
EV/EBITDA 16.54
UNH Per share dataUNH 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)2.11
PEG (5Y)N/A
EPS Next 2Y10.88%
EPS Next 3Y13.68%

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7

5. UNH Dividend Analysis

5.1 Amount

  • UNH has a Yearly Dividend Yield of 2.38%. 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 0.45. UNH pays more dividend than 95.00% of the companies in the same industry.
  • UNH's Dividend Yield is a higher than the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 2.38%

5.2 History

  • On average, the dividend of UNH grows each year by 12.43%, which is quite nice.
  • UNH has paid a dividend for at least 10 years, which is a reliable track record.
  • UNH has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)12.43%
Div Incr Years16
Div Non Decr Years34
UNH Yearly Dividends per shareUNH Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2 4 6 8

5.3 Sustainability

  • 66.50% of the earnings are spent on dividend by UNH. This is not a sustainable payout ratio.
  • UNH's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP66.5%
EPS Next 2Y10.88%
EPS Next 3Y13.68%
UNH Yearly Income VS Free CF VS DividendUNH 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 Dividend Payout.UNH Dividend Payout, showing the Payout Ratio.UNH Dividend Payout.PayoutRetained Earnings

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UNH Fundamentals: All Metrics, Ratios and Statistics

UNITEDHEALTH GROUP INC

NYSE:UNH (4/30/2026, 10:03:09 AM)

364.13

-6.61 (-1.78%)

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 Change-0.41%
Ins Owners0.16%
Ins Owner Change-0.26%
Market Cap330.51B
Revenue(TTM)449.71B
Net Income(TTM)12.04B
Analysts75.88
Price Target395.93 (8.73%)
Short Float %1.69%
Short Ratio1.72
Dividend
Industry RankSector Rank
Dividend Yield 2.38%
Yearly Dividend8.69
Dividend Growth(5Y)12.43%
DP66.5%
Div Incr Years16
Div Non Decr Years34
Ex-Date03-09
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)4.15%
Min EPS beat(2)-0.58%
Max EPS beat(2)8.88%
EPS beat(4)2
Avg EPS beat(4)0.47%
Min EPS beat(4)-9.92%
Max EPS beat(4)8.88%
EPS beat(8)5
Avg EPS beat(8)0.28%
EPS beat(12)9
Avg EPS beat(12)1.31%
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)-0.59%
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)-0.92%
PT rev (3m)-8.9%
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 22.28
Fwd PE 18.16
P/S 0.73
P/FCF 16.89
P/OCF 14.33
P/B 3.18
P/tB 3.18
EV/EBITDA 16.54
EPS(TTM)16.34
EY4.49%
EPS(NY)20.05
Fwd EY5.51%
FCF(TTM)21.56
FCFY5.92%
OCF(TTM)25.4
OCFY6.98%
SpS495.45
BVpS114.46
TBVpS114.46
PEG (NY)2.11
PEG (5Y)N/A
Graham Number205.139 (-43.66%)
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
WACC8.78%
ROIC/WACC0.57
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 Fundamental Analysis FAQ

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

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


Can you provide the valuation status for UNITEDHEALTH GROUP INC?

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


What is the profitability of UNH stock?

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


How financially healthy is UNITEDHEALTH GROUP INC?

The financial health rating of UNITEDHEALTH GROUP INC (UNH) is 3 / 10.


Can you provide the dividend sustainability for UNH stock?

The dividend rating of UNITEDHEALTH GROUP INC (UNH) is 7 / 10 and the dividend payout ratio is 66.5%.