United Airlines Holdings
Market Cap
US$6.1b
Last Updated
2020/04/08 05:09 UTC
Data Sources
Company Financials +
Executive Summary
United Airlines Holdings, Inc., through its subsidiaries, provides air transportation services in North America, Asia, Europe, Africa, the Pacific, the Middle East, and Latin America.
Rewards
Risk Analysis
Snowflake Analysis
Undervalued with acceptable track record.
Similar Companies
Share Price & News
How has United Airlines Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: UAL's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-4.6%
UAL
-11.7%
US Airlines
2.4%
US Market
1 Year Return
-71.0%
UAL
-57.1%
US Airlines
-10.0%
US Market
Return vs Industry: UAL underperformed the US Airlines industry which returned -57.1% over the past year.
Return vs Market: UAL underperformed the US Market which returned -10% over the past year.
Shareholder returns
| UAL | Industry | Market | |
|---|---|---|---|
| 7 Day | -4.6% | -11.7% | 2.4% |
| 30 Day | -47.7% | -43.1% | -11.0% |
| 90 Day | -72.2% | -59.4% | -19.4% |
| 1 Year | -71.0%-71.0% | -56.4%-57.1% | -8.1%-10.0% |
| 3 Year | -65.0%-65.0% | -53.6%-55.5% | 17.3%9.6% |
| 5 Year | -59.9%-59.9% | -45.4%-48.6% | 36.1%21.1% |
Price Volatility Vs. Market
How volatile is United Airlines Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 weeks ago | Simply Wall St
Should You Be Pleased About The CEO Pay At United Airlines Holdings, Inc.'s (NASDAQ:UAL)1 month ago | Simply Wall St
United Airlines Holdings, Inc. Just Reported Full-Year Earnings: Have Analysts Changed Their Mind On The Stock?1 month ago | Simply Wall St
Are United Airlines Holdings, Inc.’s Returns On Capital Worth Investigating?Valuation
Is United Airlines Holdings undervalued compared to its fair value and its price relative to the market?
6.7%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: UAL ($24.48) is trading below our estimate of fair value ($26.23)
Significantly Below Fair Value: UAL is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: UAL is good value based on its PE Ratio (2.1x) compared to the Airlines industry average (3.2x).
PE vs Market: UAL is good value based on its PE Ratio (2.1x) compared to the US market (13x).
Price to Earnings Growth Ratio
PEG Ratio: UAL is good value based on its PEG Ratio (0.2x)
Price to Book Ratio
PB vs Industry: UAL is good value based on its PB Ratio (0.5x) compared to the US Airlines industry average (0.6x).
Next Steps
Future Growth
How is United Airlines Holdings forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?
13.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: UAL's forecast earnings growth (13% per year) is above the savings rate (1.7%).
Earnings vs Market: UAL's earnings (13% per year) are forecast to grow slower than the US market (13.3% per year).
High Growth Earnings: UAL's earnings are forecast to grow, but not significantly.
Revenue vs Market: UAL's revenue (1.4% per year) is forecast to grow slower than the US market (7% per year).
High Growth Revenue: UAL's revenue (1.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: UAL's Return on Equity is forecast to be low in 3 years time (15.7%).
Next Steps
Past Performance
How has United Airlines Holdings performed over the past 5 years?
-13.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: UAL has high quality earnings.
Growing Profit Margin: UAL's current net profit margins (7%) are higher than last year (5.1%).
Past Earnings Growth Analysis
Earnings Trend: UAL's earnings have declined by -13.4% per year over the past 5 years.
Accelerating Growth: UAL's earnings growth over the past year (41.8%) exceeds its 5-year average (-13.4% per year).
Earnings vs Industry: UAL earnings growth over the past year (41.8%) underperformed the Airlines industry 41.8%.
Return on Equity
High ROE: Whilst UAL's Return on Equity (26.09%) is high, this metric is skewed due to their high level of debt.
Next Steps
Financial Health
How is United Airlines Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: UAL's short term assets ($8.2B) do not cover its short term liabilities ($14.9B).
Long Term Liabilities: UAL's short term assets ($8.2B) do not cover its long term liabilities ($26.1B).
Debt to Equity History and Analysis
Debt Level: UAL's debt to equity ratio (126.2%) is considered high.
Reducing Debt: UAL's debt to equity ratio has reduced from 469% to 126.2% over the past 5 years.
Debt Coverage: UAL's debt is well covered by operating cash flow (47.5%).
Interest Coverage: UAL's interest payments on its debt are well covered by EBIT (8.9x coverage).
Balance Sheet
Next Steps
Dividend
What is United Airlines Holdings's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate UAL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate UAL's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if UAL's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if UAL's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of UAL's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.9yrs
Average management tenure
CEO
Oscar Munoz (60yo)
4.58s
Tenure
US$10,493,832
Compensation
Mr. Oscar Munoz has been the Chief Executive Officer of United Continental Holdings, Inc. and United Airlines, Inc. since September 8, 2015. Mr. Munoz served as President of United Airlines, Inc. and Unite ...
CEO Compensation Analysis
Compensation vs Market: Oscar's total compensation ($USD10.49M) is above average for companies of similar size in the US market ($USD7.52M).
Compensation vs Earnings: Oscar's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 4.58yrs | US$10.49m | 0.10% $6.1m | |
| President | 3.67yrs | US$5.46m | 0.062% $3.8m | |
| Executive VP & CFO | 1.92yrs | US$2.56m | 0.025% $1.5m | |
| Executive VP & COO | 6.17yrs | US$3.72m | 0.011% $659.8k | |
| Executive VP | 2.92yrs | US$3.40m | 0.034% $2.1m | |
| Executive VP of Technology & Chief Digital Officer | 2.92yrs | no data | 0.011% $673.8k | |
| Vice President of Corporate Development & Investor Relations | no data | no data | no data | |
| Senior VP & Chief Communications Officer | 1.92yrs | no data | no data | |
| Senior Vice President of Worldwide Sales | no data | no data | no data | |
| Executive Vice President of Human Resources & Labor Relations | no data | no data | 0.011% $645.2k |
2.9yrs
Average Tenure
53.5yo
Average Age
Experienced Management: UAL's management team is considered experienced (2.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 4.58yrs | US$10.49m | 0.10% $6.1m | |
| Independent Director | 14.17yrs | US$318.73k | 0.0070% $427.9k | |
| Former Lead Independent Director | 3.75yrs | US$344.61k | 0.0021% $125.0k | |
| Independent Director | 14.17yrs | US$328.86k | 0.0059% $357.5k | |
| Independent Director | 4.08yrs | US$312.26k | 0.0054% $330.8k | |
| Non Executive Chairman | 1.92yrs | US$477.03k | 0.0024% $146.9k | |
| Independent Director | 4.08yrs | US$330.32k | 0.0031% $189.4k | |
| Independent Director | 10.25yrs | US$311.70k | 0.0060% $361.2k | |
| Director | 4.08yrs | US$25.03k | no data | |
| Director | 4.08yrs | US$40.31k | no data |
4.1yrs
Average Tenure
63.5yo
Average Age
Experienced Board: UAL's board of directors are considered experienced (4.1 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
United Airlines Holdings, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: United Airlines Holdings, Inc.
- Ticker: UAL
- Exchange: NasdaqGS
- Founded: 1934
- Industry: Airlines
- Sector: Transportation
- Market Cap: US$6.070b
- Shares outstanding: 247.95m
- Website: https://www.united.com
Number of Employees
Location
- United Airlines Holdings, Inc.
- 233 South Wacker Drive
- Chicago
- Illinois
- 60606
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| UAL | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Jan 2006 |
| UAL1 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jan 2006 |
| UAL * | BMV (Bolsa Mexicana de Valores) | Yes | Common Stock | MX | MXN | Jan 2006 |
| 0LIU | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Jan 2006 |
| UAL1 | BRSE (Berne Stock Exchange) | Yes | Common Stock | CH | CHF | Jan 2006 |
| U1AL34 | BOVESPA (Bolsa de Valores de Sao Paulo) | BDR EACH REPR 2 COM | BR | BRL | Dec 2019 |
Biography
United Airlines Holdings, Inc., through its subsidiaries, provides air transportation services in North America, Asia, Europe, Africa, the Pacific, the Middle East, and Latin America. It transports people and cargo through its mainline and regional fleets. As of February 28, 2020, the company operated approximately 791 mainline aircraft. It also sells fuel; and offers catering, ground handling, and maintenance services for third parties. The company was formerly known as United Continental Holdings, Inc. and changed its name to United Airlines Holdings, Inc. in June 2019. United Airlines Holdings, Inc. was founded in 1934 and is headquartered in Chicago, Illinois.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/04/08 05:09 |
| End of Day Share Price | 2020/04/07 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.