United Parcel Service Valuation

Is UPSI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of UPSI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: UPSI (€128.5) is trading above our estimate of fair value (€82.94)

Significantly Below Fair Value: UPSI is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for UPSI?

Key metric: As UPSI is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for UPSI. This is calculated by dividing UPSI's market cap by their current earnings.
What is UPSI's PE Ratio?
PE Ratio	20.7x
Earnings	US$5.67b
Market Cap	US$117.37b

UPSI key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	1.5x
Enterprise Value/EBITDA	11.5x
PEG Ratio	1.6x

Price to Earnings Ratio vs Peers

How does UPSI's PE Ratio compare to its peers?

The above table shows the PE ratio for UPSI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	19.1x
POST Österreichische Post	13.4x	-1.7%	€1.9b
FDX FedEx	18.3x	10.8%	US$74.6b
DSV DSV	32.2x	10.0%	DKK 348.0b
DHL Deutsche Post	12.4x	9.0%	€40.0b
UPSI United Parcel Service	20.7x	13.0%	€117.4b

Price-To-Earnings vs Peers: UPSI is expensive based on its Price-To-Earnings Ratio (20.7x) compared to the peer average (19.1x).

Price to Earnings Ratio vs Industry

How does UPSI's PE Ratio compare vs other companies in the European Logistics Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: UPSI is expensive based on its Price-To-Earnings Ratio (20.7x) compared to the European Logistics industry average (13.2x).

Price to Earnings Ratio vs Fair Ratio

What is UPSI's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

UPSI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	20.7x
Fair PE Ratio	35.3x

Price-To-Earnings vs Fair Ratio: UPSI is good value based on its Price-To-Earnings Ratio (20.7x) compared to the estimated Fair Price-To-Earnings Ratio (35.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst UPSI forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	€128.50	€140.56 +9.4%	11.7%	€174.23	€94.18	n/a	29
Nov ’25	€123.84	€137.25 +10.8%	11.8%	€170.09	€91.94	n/a	29
Oct ’25	€120.08	€131.29 +9.3%	13.0%	€172.46	€90.77	n/a	28
Sep ’25	€114.88	€131.98 +14.9%	13.4%	€171.91	€90.48	n/a	29
Aug ’25	€120.76	€136.90 +13.4%	14.2%	€176.07	€92.67	n/a	29
Jul ’25	€126.80	€150.74 +18.9%	12.5%	€190.94	€93.14	n/a	29
Jun ’25	€126.66	€149.43 +18.0%	12.5%	€188.54	€91.97	n/a	28
May ’25	€138.46	€151.90 +9.7%	12.1%	€191.10	€93.22	n/a	30
Apr ’25	€137.24	€147.91 +7.8%	12.9%	€194.67	€92.70	n/a	29
Mar ’25	€136.38	€147.96 +8.5%	13.1%	€193.79	€87.67	n/a	29
Feb ’25	€129.46	€148.46 +14.7%	14.0%	€197.80	€87.40	n/a	30
Jan ’25	€142.10	€150.82 +6.1%	14.3%	€199.76	€90.80	n/a	30
Dec ’24	€140.68	€150.90 +7.3%	14.4%	€200.51	€91.14	n/a	30
Nov ’24	€132.06	€157.58 +19.3%	14.4%	€207.88	€94.49	€123.84	30
Oct ’24	€148.46	€174.44 +17.5%	12.4%	€217.56	€94.59	€120.08	29
Sep ’24	€155.68	€174.32 +12.0%	11.7%	€211.09	€91.78	€114.88	30
Aug ’24	€167.78	€173.13 +3.2%	12.3%	€209.16	€90.94	€120.76	29
Jul ’24	€161.22	€173.98 +7.9%	12.0%	€210.73	€91.62	€126.80	30
Jun ’24	€156.84	€178.81 +14.0%	11.7%	€215.21	€93.57	€126.66	29
May ’24	€159.02	€172.08 +8.2%	11.4%	€204.12	€90.72	€138.46	28
Apr ’24	€176.76	€177.86 +0.6%	11.8%	€208.46	€92.65	€137.24	30
Mar ’24	€172.34	€174.50 +1.3%	11.8%	€206.64	€91.03	€136.38	30
Feb ’24	€167.48	€174.50 +4.2%	11.8%	€206.64	€91.03	€129.46	30
Jan ’24	€164.54	€179.62 +9.2%	13.1%	€236.64	€94.28	€142.10	31
Dec ’23	€181.16	€181.93 +0.4%	13.1%	€240.91	€95.98	€140.68	31
Nov ’23	€168.68	€190.43 +12.9%	12.4%	€251.83	€100.33	€132.06	31

Analyst Forecast: Target price is less than 20% higher than the current share price.