UAL Stock Analysis: United Airlines Holdings | NASDAQ
Airlines | NASDAQ, USA | Market Cap: 41.886m USD | 12M Return: 41.7% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 699M
EPS Trend: 57.6%
Qual. Beats: 3
Rev. Trend: 97.9%
Qual. Beats: 1
Warnings
Tailwinds
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
United Airlines Holdings, Inc. (NASDAQ: UAL) is a large-cap US-based holding company that provides passenger and cargo air transportation services across North America, the Atlantic, Pacific, and Latin America through its mainline and regional fleets. Beyond core flight operations, the company generates ancillary revenue from ground handling, third-party maintenance, flight academy services, and loyalty program redemptions. Its cargo segment serves freight forwarders, logistics firms, commercial businesses, and national postal services, while ticket distribution occurs through direct digital channels (website and mobile app) as well as traditional and online travel agencies. The company is headquartered in Chicago, Illinois, was incorporated in 1968, and adopted its current name in June 2019 after operating as United Continental Holdings.
As a member of the Passenger Airlines sub-industry within the GICS Industrials sector, United operates within a capital-intensive, highly competitive industry characterized by significant fixed costs (aircraft, fuel hedging, labor) and cyclical demand tied to broader economic conditions. Major US carriers, including United, typically employ a hub-and-spoke network model, concentrating traffic through key airports to optimize aircraft utilization and route profitability-a structural feature that shapes both operating leverage and competitive dynamics in the sector.
- Jet fuel price volatility pressures operating margins
- Premium cabin and loyalty revenue drive unit revenue growth
- Boeing aircraft delivery delays constrain capacity expansion
| Net Income: 3.67b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA -2.38 > 1.0 |
| NWC/Revenue: -13.87% < 20% (prev -9.79%; Δ -4.09% < -1%) |
| CFO/TA 0.12 > 3% & CFO 9.52b > Net Income 3.67b |
| Net Debt (23.6b) to EBITDA (8.90b): 2.65 < 3 |
| Current Ratio: 0.70 > 1.5 & < 3 |
| Outstanding Shares: last quarter (326.8m) vs 12m ago -1.86% < -2% |
| Gross Margin: 64.24% > 18% (prev 38.15%; Δ 26.09% > 0.5%) |
| Asset Turnover: 77.00% > 50% (prev 75.86%; Δ 1.14% > 0%) |
| Interest Coverage Ratio: 4.79 > 6 (EBIT TTM 5.94b / Interest Expense TTM 1.24b) |
| A: -0.10 (Total Current Assets 19.4b - Total Current Liabilities 27.8b) / Total Assets 80.9b |
| B: 0.13 (Retained Earnings 10.7b / Total Assets 80.9b) |
| C: 0.08 (EBIT TTM 5.94b / Avg Total Assets 78.5b) |
| D: 0.24 (Book Value of Equity 15.9b / Total Liabilities 65.1b) |
| Altman-Z'' = 0.52 = B |
| DSRI: 1.11 (Receivables 2.66b/2.29b, Revenue 60.5b/57.7b) |
| GMI: 0.59 (GM 38.15% / 64.24%) |
| AQI: 0.89 (AQ_t 0.10 / AQ_t-1 0.11) |
| SGI: 1.05 (Revenue 60.5b / 57.7b) |
| TATA: -0.07 (NI 3.67b - CFO 9.52b) / TA 80.9b) |
| Beneish M = -3.34 (Cap -4..+1) = AA |
As of July 13, 2026, the stock is trading at USD 126.00 with a total of 3,905,918 shares traded. Over the past week, the price has changed by -5.49%, over one month by +9.07%, over three months by +32.35% and over the past year by +41.67%.
Current recommended Stop Loss: 113.30 (which is 10.1% or 2.4 ATR below the current price).
United Airlines Holdings has received a consensus analysts rating of 4.44. Therefore, it is recommended to buy UAL.
- StrongBuy: 16
- Buy: 6
- Hold: 2
- Sell: 0
- StrongSell: 1
| Analysts Target Price | 153 | 21.4% |
P/E Trailing = 11.2905
P/E Forward = 12.9366
P/S = 0.6927
P/B = 2.5804
P/EG = 6.5026
Revenue TTM = 60.5b USD
EBIT TTM = 5.94b USD
EBITDA TTM = 8.90b USD
Long Term Debt = 21.9b USD (from longTermDebt, last quarter)
Short Term Debt = 3.00b USD (from shortTermDebt, last quarter)
Debt = 37.7b USD (from shortLongTermDebtTotal, last quarter) + Leases 6.78b
Net Debt = 23.6b USD (calculated: Debt 37.7b - CCE 14.2b)
Enterprise Value = 65.5b USD (41.9b + Debt 37.7b - CCE 14.2b)
Interest Coverage Ratio = 4.79 (Ebit TTM 5.94b / Interest Expense TTM 1.24b)
EV/FCF = 20.41x (Enterprise Value 65.5b / FCF TTM 3.21b)
FCF Yield = 4.90% (FCF TTM 3.21b / Enterprise Value 65.5b)
FCF Margin = 5.30% (FCF TTM 3.21b / Revenue TTM 60.5b)
Net Margin = 6.06% (Net Income TTM 3.67b / Revenue TTM 60.5b)
Gross Margin = 64.24% ((Revenue TTM 60.5b - Cost of Revenue TTM 21.6b) / Revenue TTM)
Gross Margin QoQ = 63.27% (prev 64.14%)
Tobins Q-Ratio = 0.81 (Enterprise Value 65.5b / Total Assets 80.9b)
Interest Expense / Debt = 3.28% (Interest Expense 1.24b / Debt 37.7b)
Taxrate = 22.01% (1.03b / 4.70b)
NOPAT = 4.63b (EBIT 5.94b * (1 - 22.01%))
Current Ratio = 0.70 (Total Current Assets 19.4b / Total Current Liabilities 27.8b)
Debt / Equity = 2.38 (Debt 37.7b / totalStockholderEquity, last quarter 15.9b)
Debt / EBITDA = 2.65 (Net Debt 23.6b / EBITDA 8.90b)
Debt / FCF = 7.35 (Net Debt 23.6b / FCF TTM 3.21b)
Total Stockholder Equity = 14.7b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.67% (Net Income 3.67b / Total Assets 80.9b)
RoE = 24.91% (Net Income TTM 3.67b / Total Stockholder Equity 14.7b)
RoCE = 16.20% (EBIT 5.94b / Capital Employed (Equity 14.7b + L.T.Debt 21.9b))
RoIC = 8.71% (NOPAT 4.63b / Invested Capital 53.1b)
WACC = 7.48% (E(41.9b)/V(79.6b) * Re(11.91%) + D(37.7b)/V(79.6b) * Rd(3.28%) * (1-Tc(0.22)))
Discount Rate = 11.91% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -46.67 | Cagr: -0.61%
[DCF] Terminal Value 73.10% ; FCFF base≈3.85b ; Y1≈3.38b ; Y5≈2.73b
[DCF] Fair Price = 62.41 (EV 43.8b - Net Debt 23.6b = Equity 20.3b / Shares 324.6m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: 57.64 | EPS CAGR: 4.40% | SUE: 1.02 | # QB: 3
Revenue Correlation: 97.91 | Revenue CAGR: 5.68% | SUE: 1.61 | # QB: 1
EPS current Quarter (2026-06-30): EPS=1.84 | Chg30d=+4.86% | Revisions=+22% | Analysts=21
EPS next Quarter (2026-09-30): EPS=3.45 | Chg30d=+29.51% | Revisions=+44% | Analysts=19
EPS current Year (2026-12-31): EPS=10.36 | Chg30d=+12.12% | Revisions=+30% | GrowthEPS=-2.5% | GrowthRev=+13.5%
EPS next Year (2027-12-31): EPS=14.84 | Chg30d=+4.41% | Revisions=+44% | GrowthEPS=+43.4% | GrowthRev=+4.3%
[Analyst] Revisions Ratio: +46% (up=19, down=6)