UNITEDHEALTH GROUP INC (UNH) Fundamental Analysis & Valuation

NYSE:UNH • US91324P1021

Current stock price

277.26 USD
+3.28 (+1.2%)
At close:
277.3 USD
+0.04 (+0.01%)
After Hours:

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

  • UNH had positive earnings in the past year.
  • UNH had a positive operating cash flow in the past year.
  • Each year in the past 5 years UNH has been profitable.
  • Each year in the past 5 years UNH had a positive operating cash flow.
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

  • UNH has a better Return On Assets (3.89%) than 70.00% of its industry peers.
  • UNH has a better Return On Equity (12.05%) than 77.00% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 5.09%, UNH is in line with its industry, outperforming 56.00% of the companies in the same industry.
  • UNH had an Average Return On Invested Capital over the past 3 years of 8.75%. This is in line with the industry average of 8.63%.
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 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

  • Looking at the Profit Margin, with a value of 2.69%, UNH is in the better half of the industry, outperforming 65.00% 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 58.00% of the companies in the same industry.
  • UNH's Operating Margin has declined in the last couple of years.
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 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

  • UNH has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • The number of shares outstanding for UNH has been reduced compared to 1 year ago.
  • UNH has less shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, UNH has an improved debt to assets ratio.
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

  • 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.
  • UNH has a Debt to FCF ratio of 4.99. This is in the better half of the industry: UNH outperforms 61.00% of its industry peers.
  • UNH has a Debt/Equity ratio of 0.72. This is a neutral value indicating UNH is somewhat dependend on debt financing.
  • UNH has a Debt to Equity ratio (0.72) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.72
Debt/FCF 4.99
Altman-Z N/A
ROIC/WACC0.62
WACC8.27%
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 100B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
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

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4

3. UNH Growth Analysis

3.1 Past

  • UNH shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -41.58%.
  • UNH shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -0.67% yearly.
  • UNH shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 11.81%.
  • The Revenue has been growing by 11.72% on average over the past years. This is quite good.
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.
  • Based on estimates for the next years, UNH will show a small growth in Revenue. The Revenue will grow by 4.63% on average per year.
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

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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 50

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5

4. UNH Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 17.00, the valuation of UNH can be described as correct.
  • 71.00% of the companies in the same industry are more expensive than UNH, based on the Price/Earnings ratio.
  • UNH's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 25.60.
  • Based on the Price/Forward Earnings ratio of 15.37, the valuation of UNH can be described as correct.
  • Based on the Price/Forward Earnings ratio, UNH is valued a bit cheaper than the industry average as 76.00% of the companies are valued more expensively.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 22.84, UNH is valued a bit cheaper.
Industry RankSector Rank
PE 17
Fwd PE 15.37
UNH Price Earnings VS Forward Price EarningsUNH Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

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.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of UNH indicates a somewhat cheap valuation: UNH is cheaper than 73.00% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 16.01
EV/EBITDA 12.82
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 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)1.61
PEG (5Y)N/A
EPS Next 2Y10.35%
EPS Next 3Y13.05%

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8

5. UNH Dividend Analysis

5.1 Amount

  • UNH has a Yearly Dividend Yield of 3.30%.
  • Compared to an average industry Dividend Yield of 0.50, UNH pays a better dividend. On top of this UNH pays more dividend than 96.00% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.88, UNH pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.3%

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 their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)12.43%
Div Incr Years15
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

  • UNH pays out 65.66% of its income as dividend. This is not a sustainable payout ratio.
  • UNH's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP65.66%
EPS Next 2Y10.35%
EPS Next 3Y13.05%
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 (4/2/2026, 7:54:26 PM)

After market: 277.3 +0.04 (+0.01%)

277.26

+3.28 (+1.2%)

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 Change0.22%
Ins Owners0.17%
Ins Owner Change-0.28%
Market Cap251.66B
Revenue(TTM)447.57B
Net Income(TTM)12.06B
Analysts75.29
Price Target370.74 (33.72%)
Short Float %1.98%
Short Ratio1.7
Dividend
Industry RankSector Rank
Dividend Yield 3.3%
Yearly Dividend8.69
Dividend Growth(5Y)12.43%
DP65.66%
Div Incr Years15
Div Non Decr Years34
Ex-Date03-09
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)-0.86%
PT rev (3m)-8.26%
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 17
Fwd PE 15.37
P/S 0.56
P/FCF 16.01
P/OCF 13.01
P/B 2.51
P/tB 2.51
EV/EBITDA 12.82
EPS(TTM)16.31
EY5.88%
EPS(NY)18.03
Fwd EY6.5%
FCF(TTM)17.32
FCFY6.25%
OCF(TTM)21.31
OCFY7.69%
SpS493.09
BVpS110.27
TBVpS110.27
PEG (NY)1.61
PEG (5Y)N/A
Graham Number201.16
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
WACC8.27%
ROIC/WACC0.62
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 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 5 / 10 to UNITEDHEALTH GROUP INC (UNH). This can be considered as Fairly Valued.


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 8 / 10 and the dividend payout ratio is 65.66%.