United Airlines Holdings
Market Cap
US$22.8b
Last Updated
2019/10/19 23:59 UTC
Data Sources
Company Financials +
Executive Summary
United Airlines Holdings, Inc., through its subsidiaries, provides air transportation services in North America, Asia, Europe, the Middle East, and Latin America.
Snowflake
Fundamentals
Fair value with mediocre balance sheet.
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
Market Performance
7 Day Return
3.4%
UAL
1.3%
US Airlines
0.4%
US Market
1 Year Return
3.0%
UAL
-0.4%
US Airlines
6.9%
US Market
Return vs Industry: UAL exceeded the US Airlines industry which returned -0.4% over the past year.
Return vs Market: UAL underperformed the US Market which returned 6.9% over the past year.
Shareholder returns
| UAL | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.4% | 1.3% | 0.4% |
| 30 Day | 0.7% | -3.0% | -1.1% |
| 90 Day | -4.0% | -5.3% | -0.5% |
| 1 Year | 3.0%3.0% | 1.0%-0.4% | 9.3%6.9% |
| 3 Year | 62.0%62.0% | 28.4%23.4% | 45.8%36.4% |
| 5 Year | 81.6%81.6% | 54.4%45.5% | 62.9%45.1% |
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
3 days ago | Simply Wall St
Here's What Analysts Are Forecasting For United Airlines Holdings, Inc. After Its Latest Third-Quarter Results5 days ago | Simply Wall St
Has United Airlines Holdings, Inc. (NASDAQ:UAL) Been Employing Capital Shrewdly?2 weeks ago | Simply Wall St
Is United Airlines Holdings, Inc.'s (NASDAQ:UAL) CEO Pay Fair?Valuation
Is United Airlines Holdings undervalued compared to its fair value and its price relative to the market?
34.2%
Undervalued compared to fair value
Share Price vs. Fair Value
Undervalued: UAL ($90.09) is trading below our estimate of fair value ($136.82)
Significantly Undervalued: 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 (8.4x) compared to the Airlines industry average (8.7x).
PE vs Market: UAL is good value based on its PE Ratio (8.4x) compared to the US market (17.6x).
Price to Earnings Growth Ratio
Low PEG Ratio: UAL is poor value based on its PEG Ratio (2.5x)
Price to Book Ratio
PB vs Industry: UAL is overvalued based on its PB Ratio (2x) compared to the US Airlines industry average (1.7x).
Next Steps
Future Growth
How is United Airlines Holdings forecast to perform in the next 1 to 3 years based on estimates from 18 analysts?
3.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: UAL's forecast earnings growth (3.4% per year) is above the savings rate (2.7%).
Earnings vs Market: UAL's earnings (3.4% per year) are forecast to grow slower than the US market (14.6% per year).
High Growth Earnings: UAL's earnings are forecast to grow, but not significantly.
Revenue vs Market: UAL's revenue (5% per year) is forecast to grow slower than the US market (7.2% per year).
High Growth Revenue: UAL's revenue (5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: UAL's Return on Equity is forecast to be high in 3 years time (22.2%)
Next Steps
Past Performance
How has United Airlines Holdings performed over the past 5 years?
-10.2%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: UAL's earnings have declined by -10.2% per year over the past 5 years.
Accelerating Growth: UAL's earnings growth over the past year (26.6%) exceeds its 5-year average (-10.2% per year).
Earnings vs Industry: UAL earnings growth over the past year (26.6%) exceeded the Airlines industry -30.9%.
Return on Equity
High ROE: Whilst UAL's Return on Equity (25.1%) is high, this metric is skewed due to their high level of debt.
Return on Assets
ROA vs Industry: UAL's Return on Assets is below or equal to the Airlines industry average last year.
Return on Capital Employed
ROCE Improving: UAL's Return on Capital Employed has declined over the past 3 years.
Next Steps
Financial Health
How is United Airlines Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: UAL's short term assets ($8.5B) do not cover its short term liabilities ($15.7B)
Long Term Liabilities: UAL's short term assets (8.5B) do not cover its long term liabilities (25.2B)
Debt to Equity History and Analysis
Debt Level: UAL's debt to equity ratio (125.1%) is considered high
Reducing Debt: UAL's debt to equity ratio has reduced from 294.4% to 125.1% over the past 5 years.
Debt Coverage: UAL's debt is well covered by operating cash flow (48.6%).
Interest Coverage: UAL's interest payments on its debt are well covered by EBIT (7.9x coverage).
Balance Sheet
Inventory Level: UAL has a high level of physical assets or inventory.
Debt Coverage by Assets: UAL's debt is not covered by short term assets (assets are 0.6x debt).
Next Steps
Dividend
What is United Airlines Holdings's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
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.
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
What is the CEO of United Airlines Holdings's salary, the management and board of directors tenure and is there insider trading?
2.4yrs
Average management tenure
CEO
Oscar Munoz (60yo)
4.1yrs
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 about average for companies of similar size in the US market ($USD11.18M).
Compensation vs Earnings: Oscar's compensation has been consistent with company performance over the past year.
Management Age and Tenure
2.4yrs
Average Tenure
53.5yo
Average Age
Experienced Management: UAL's management team is considered experienced (2.4 years average tenure).
Board Age and Tenure
3.6yrs
Average Tenure
63.5yo
Average Age
Experienced Board: UAL's board of directors are considered experienced (3.6 years average tenure).
Insider Trading
Insider Buying: UAL insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Shares | 10,000 |
| Max Price | US$82.00 |
| Entity | Individual |
| Role | Chief Operating Officer Executive VP & COO |
| Shares | 5,000 |
| Max Price | US$93.48 |
| Entity | Individual |
| Role | Chief Operating Officer Executive VP & COO |
| Shares | 5,000 |
| Max Price | US$89.66 |
| Entity | Individual |
| Shares | 15,000 |
| Max Price | US$88.08 |
| Entity | Individual |
| Shares | 30,000 |
| Max Price | US$92.92 |
Ownership Breakdown
Management Team
J. Kirby (52yo)
President
- Tenure: 3.2yrs
- Compensation: US$5.46m
Gerry Laderman (61yo)
Executive VP & CFO
- Tenure: 1.4yrs
- Compensation: US$2.56m
Oscar Munoz (60yo)
CEO & Director
- Tenure: 4.1yrs
- Compensation: US$10.49m
Linda Jojo (54yo)
Executive VP of Technology & Chief Digital Officer
- Tenure: 2.4yrs
Dave Hilfman (58yo)
Senior Vice President of Worldwide Sales
- Tenure: 0yrs
Brett Hart (49yo)
Executive VP
- Tenure: 2.4yrs
- Compensation: US$3.40m
Mike Leskinen
Managing Director of Investor Relations
- Tenure: 0yrs
Kate Gebo (50yo)
Executive Vice President of Human Resources & Labor Relations
- Tenure: 0yrs
Greg Hart (53yo)
Executive VP & COO
- Tenure: 5.7yrs
- Compensation: US$3.72m
Josh Earnest
Senior VP & Chief Communications Officer
- Tenure: 1.4yrs
Board Members
David Vitale (73yo)
Independent Director
- Tenure: 13.7yrs
- Compensation: US$318.73k
Ted Philip (54yo)
Independent Director
- Tenure: 3.3yrs
- Compensation: US$344.61k
Walter Isaacson (67yo)
Independent Director
- Tenure: 13.7yrs
- Compensation: US$328.86k
Jim Whitehurst (51yo)
Independent Director
- Tenure: 3.6yrs
- Compensation: US$312.26k
Oscar Munoz (60yo)
CEO & Director
- Tenure: 4.1yrs
- Compensation: US$10.49m
Jane Garvey (75yo)
Non Executive Chairman
- Tenure: 1.4yrs
- Compensation: US$477.03k
Jim Kennedy (65yo)
Independent Director
- Tenure: 3.6yrs
- Compensation: US$330.32k
Carolyn Corvi (67yo)
Independent Director
- Tenure: 9.8yrs
- Compensation: US$311.70k
Todd Insler (50yo)
Director
- Tenure: 3.6yrs
- Compensation: US$25.03k
Sito Pantoja (62yo)
Director
- Tenure: 3.6yrs
- Compensation: US$40.31k
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$22.795b
- Shares outstanding: 253.04m
- 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 |
Biography
United Airlines Holdings, Inc., through its subsidiaries, provides air transportation services in North America, Asia, Europe, the Middle East, and Latin America. It transports people and cargo through its ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/19 23:59 |
| End of Day Share Price | 2019/10/18 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.