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UAL

United Airlines Holdings NasdaqGS:UAL Stock Report

Last Price

US$36.44

Market Cap

US$11.9b

7D

-5.4%

1Y

-30.9%

Updated

01 Jul, 2022

Data

Company Financials +
UAL fundamental analysis
Snowflake Score
Valuation5/6
Future Growth4/6
Past Performance0/6
Financial Health1/6
Dividends0/6

UAL Stock Overview

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.

United Airlines Holdings Competitors

Price History & Performance

Summary of all time highs, changes and price drops for United Airlines Holdings
Historical stock prices
Current Share PriceUS$36.44
52 Week HighUS$54.52
52 Week LowUS$30.54
Beta1.23
1 Month Change-19.89%
3 Month Change-20.40%
1 Year Change-30.95%
3 Year Change-59.78%
5 Year Change-53.84%
Change since IPO-15.55%

Recent News & Updates

Jun 28

United Airlines: Still Ready For Takeoff

United Airlines is poised to ride the trends for higher passenger traffic to larger profits. The stock is priced for another virus shutdown while even analysts that missed the recent demand rebound predict a $7+ EPS in 2023. United should double by 2025 on just reaching half their pre-tax margin target.

Shareholder Returns

UALUS AirlinesUS Market
7D-5.4%-1.1%-0.6%
1Y-30.9%-37.2%-21.7%

Return vs Industry: UAL exceeded the US Airlines industry which returned -37.2% over the past year.

Return vs Market: UAL underperformed the US Market which returned -21.7% over the past year.

Price Volatility

Is UAL's price volatile compared to industry and market?
UAL volatility
UAL Average Weekly Movement9.2%
Airlines Industry Average Movement8.9%
Market Average Movement8.0%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.2%

Stable Share Price: UAL is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: UAL's weekly volatility (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
196887,400J. Kirbyhttps://www.united.com

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. The company transports people and cargo through its mainline and regional fleets. It also offers catering, ground handling, training, and maintenance services for third parties.

United Airlines Holdings Fundamentals Summary

How do United Airlines Holdings's earnings and revenue compare to its market cap?
UAL fundamental statistics
Market CapUS$11.91b
Earnings (TTM)-US$1.98b
Revenue (TTM)US$28.98b

0.4x

P/S Ratio

-6.0x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
UAL income statement (TTM)
RevenueUS$28.98b
Cost of RevenueUS$23.38b
Gross ProfitUS$5.60b
Other ExpensesUS$7.58b
Earnings-US$1.98b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-6.07
Gross Margin19.31%
Net Profit Margin-6.85%
Debt/Equity Ratio901.2%

How did UAL perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

UAL 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/Revenue1.2x
Enterprise Value/EBITDA-80.8x
PEG Ration/a

Price to Sales Ratio vs Peers

How does UAL's PS Ratio compare to its peers?

UAL PS Ratio vs Peers
The above table shows the PS ratio for UAL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average0.7x
AAL American Airlines Group
0.2x5.5%US$8.5b
DAL Delta Air Lines
0.5x4.8%US$18.9b
LUV Southwest Airlines
1.2x6.0%US$21.8b
ALK Alaska Air Group
0.7x9.3%US$5.2b
UAL United Airlines Holdings
0.4x7.9%US$11.9b

Price-To-Sales vs Peers: UAL is good value based on its Price-To-Sales Ratio (0.4x) compared to the peer average (0.7x).


Price to Earnings Ratio vs Industry

How does UAL's PE Ratio compare vs other companies in the US Airlines Industry?

Price-To-Sales vs Industry: UAL is good value based on its Price-To-Sales Ratio (0.4x) compared to the US Airlines industry average (0.6x)


Price to Sales Ratio vs Fair Ratio

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

UAL PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.4x
Fair PS Ratio1.2x

Price-To-Sales vs Fair Ratio: UAL is good value based on its Price-To-Sales Ratio (0.4x) compared to the estimated Fair Price-To-Sales Ratio (1.2x).


Share Price vs Fair Value

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

Below Fair Value: UAL ($36.44) is trading below our estimate of fair value ($666.33)

Significantly Below Fair Value: UAL is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate UAL's PEG Ratio to determine if it is good value.


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Future Growth

How is United Airlines Holdings forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


57.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: UAL is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).

Earnings vs Market: UAL is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: UAL is expected to become profitable in the next 3 years.

Revenue vs Market: UAL's revenue (7.9% per year) is forecast to grow slower than the US market (8.2% per year).

High Growth Revenue: UAL's revenue (7.9% 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 high in 3 years time (38.6%)


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Past Performance

How has United Airlines Holdings performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-55.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: UAL is currently unprofitable.

Growing Profit Margin: UAL is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: UAL is unprofitable, and losses have increased over the past 5 years at a rate of 55.6% per year.

Accelerating Growth: Unable to compare UAL's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: UAL is unprofitable, making it difficult to compare its past year earnings growth to the Airlines industry (44%).


Return on Equity

High ROE: UAL has a negative Return on Equity (-54.75%), as it is currently unprofitable.


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Financial Health

How is United Airlines Holdings's financial position?

Financial Health Score

1/6

Financial Health Score 1/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: UAL's short term assets ($22.6B) exceed its short term liabilities ($21.8B).

Long Term Liabilities: UAL's short term assets ($22.6B) do not cover its long term liabilities ($43.6B).


Debt to Equity History and Analysis

Debt Level: UAL's net debt to equity ratio (385.8%) is considered high.

Reducing Debt: UAL's debt to equity ratio has increased from 140.7% to 901.2% over the past 5 years.

Debt Coverage: UAL's debt is not well covered by operating cash flow (9.5%).

Interest Coverage: Insufficient data to determine if UAL's interest payments on its debt are well covered by EBIT.


Balance Sheet


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Dividend

What is United Airlines Holdings's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


0.16%

Forecast Dividend Yield

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 recent payouts.

High Dividend: Unable to evaluate UAL's dividend yield against the top 25% of dividend payers, as the company has not reported any recent 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.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as UAL has not reported any payouts.


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Management

How experienced are the management team and are they aligned to shareholders interests?

3.1yrs

Average management tenure


CEO

J. Kirby (55 yo)

2.08yrs

Tenure

US$9,845,064

Compensation

Mr. J. Scott Kirby has been Chief Executive Officer and Director of United Airlines Holdings, Inc. (formerly known as United Continental Holdings, Inc) and United Airlines Inc. since May 20, 2020 and serve...


CEO Compensation Analysis

Compensation vs Market: J.'s total compensation ($USD9.85M) is about average for companies of similar size in the US market ($USD13.59M).

Compensation vs Earnings: J.'s compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: UAL's management team is considered experienced (3.1 years average tenure).


Board Members

Experienced Board: UAL's board of directors are considered experienced (6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: UAL 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 employee growth, exchange listings and data sources


Key Information

  • Name: United Airlines Holdings, Inc.
  • Ticker: UAL
  • Exchange: NasdaqGS
  • Founded: 1968
  • Industry: Airlines
  • Sector: Transportation
  • Implied Market Cap: US$11.906b
  • Shares outstanding: 326.73m
  • Website: https://www.united.com

Number of Employees


Location

  • United Airlines Holdings, Inc.
  • 233 South Wacker Drive
  • Chicago
  • Illinois
  • 60606
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/01 00:00
End of Day Share Price2022/07/01 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.