(UAL) United Airlines Holdings - Overview
Exchange: NASDAQ •
Country: United States •
Currency: USD •
Type: Common Stock •
ISIN: US9100471096
Stock: Passenger Flights, Cargo, Maintenance, Ground Handling, Training
Total Rating 40
Risk 63
Buy Signal 1.46
EPS (Earnings per Share)
Revenue
| Risk 5d forecast | |
|---|---|
| Volatility | 48.4% |
| Relative Tail Risk | -9.50% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.31 |
| Alpha | -21.38 |
| Character TTM | |
|---|---|
| Beta | 2.147 |
| Beta Downside | 1.966 |
| Drawdowns 3y | |
|---|---|
| Max DD | 49.19% |
| CAGR/Max DD | 0.69 |
Description: UAL United Airlines Holdings December 17, 2025
United Airlines Holdings Inc. (NASDAQ: UAL) operates a global network of passenger and cargo flights across the United States, Canada, the Atlantic, the Pacific, and Latin America, leveraging both mainline and regional fleets. In addition to air transport, the company generates ancillary revenue through ground handling, a flight academy, third-party maintenance services, and a frequent-flyer program that includes non-travel redemptions. United was incorporated in 1968, rebranded from United Continental Holdings in June 2019, and is headquartered in Chicago, Illinois.
Key performance indicators as of the latest quarter show a load factor of roughly 84%, an RASM (Revenue per Available Seat Mile) of $0.13, and an operating margin near 6%, reflecting modest profitability amid volatile fuel prices. The airline’s cost structure is heavily influenced by jet fuel (≈ 30% of operating expenses) and labor agreements, while demand recovery from the COVID-19 pandemic and capacity growth in the trans-Atlantic market remain primary growth drivers for the sector.
For a deeper quantitative look at United’s valuation metrics, you may find ValueRay’s analyst tools useful.
Piotroski VR‑10 (Strict, 0-10) 5.0
| Net Income: 3.35b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA -1.83 > 1.0 |
| NWC/Revenue: -15.70% < 20% (prev -7.77%; Δ -7.94% < -1%) |
| CFO/TA 0.11 > 3% & CFO 8.43b > Net Income 3.35b |
| Net Debt (30.51b) to EBITDA (7.54b): 4.05 < 3 |
| Current Ratio: 0.65 > 1.5 & < 3 |
| Outstanding Shares: last quarter (327.0m) vs 12m ago -2.24% < -2% |
| Gross Margin: 64.12% > 18% (prev 0.29%; Δ 6383 % > 0.5%) |
| Asset Turnover: 78.48% > 50% (prev 77.03%; Δ 1.46% > 0%) |
| Interest Coverage Ratio: 3.77 > 6 (EBITDA TTM 7.54b / Interest Expense TTM 1.22b) |
Altman Z'' 0.26
| A: -0.12 (Total Current Assets 16.86b - Total Current Liabilities 26.13b) / Total Assets 76.45b |
| B: 0.12 (Retained Earnings 9.05b / Total Assets 76.45b) |
| C: 0.06 (EBIT TTM 4.60b / Avg Total Assets 75.27b) |
| D: 0.25 (Book Value of Equity 15.28b / Total Liabilities 61.17b) |
| Altman-Z'' Score: 0.26 = B |
Beneish M -3.57
| DSRI: 1.07 (Receivables 2.39b/2.16b, Revenue 59.07b/57.06b) |
| GMI: 0.45 (GM 64.12% / 28.90%) |
| AQI: 0.90 (AQ_t 0.10 / AQ_t-1 0.11) |
| SGI: 1.04 (Revenue 59.07b / 57.06b) |
| TATA: -0.07 (NI 3.35b - CFO 8.43b) / TA 76.45b) |
| Beneish M-Score: -3.57 (Cap -4..+1) = AAA |
What is the price of UAL shares?
As of February 07, 2026, the stock is trading at USD 115.91 with a total of 9,018,032 shares traded.
Over the past week, the price has changed by +13.28%, over one month by -1.38%, over three months by +21.09% and over the past year by +6.19%.
Over the past week, the price has changed by +13.28%, over one month by -1.38%, over three months by +21.09% and over the past year by +6.19%.
Is UAL a buy, sell or hold?
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
What are the forecasts/targets for the UAL price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 138.9 | 19.8% |
| Analysts Target Price | 138.9 | 19.8% |
| ValueRay Target Price | 133.5 | 15.1% |
UAL Fundamental Data Overview February 07, 2026
P/E Trailing = 10.727
P/E Forward = 8.2372
P/S = 0.5814
P/B = 2.3193
P/EG = 6.5389
Revenue TTM = 59.07b USD
EBIT TTM = 4.60b USD
EBITDA TTM = 7.54b USD
Long Term Debt = 20.81b USD (from longTermDebt, two quarters ago)
Short Term Debt = 5.06b USD (from shortTermDebt, last quarter)
Debt = 36.45b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 30.51b USD (from netDebt column, last quarter)
Enterprise Value = 58.56b USD (34.35b + Debt 36.45b - CCE 12.24b)
Interest Coverage Ratio = 3.77 (Ebit TTM 4.60b / Interest Expense TTM 1.22b)
EV/FCF = 22.90x (Enterprise Value 58.56b / FCF TTM 2.56b)
FCF Yield = 4.37% (FCF TTM 2.56b / Enterprise Value 58.56b)
FCF Margin = 4.33% (FCF TTM 2.56b / Revenue TTM 59.07b)
Net Margin = 5.68% (Net Income TTM 3.35b / Revenue TTM 59.07b)
Gross Margin = 64.12% ((Revenue TTM 59.07b - Cost of Revenue TTM 21.19b) / Revenue TTM)
Gross Margin QoQ = 64.14% (prev 64.61%)
Tobins Q-Ratio = 0.77 (Enterprise Value 58.56b / Total Assets 76.45b)
Interest Expense / Debt = 0.89% (Interest Expense 324.0m / Debt 36.45b)
Taxrate = 21.21% (281.0m / 1.32b)
NOPAT = 3.62b (EBIT 4.60b * (1 - 21.21%))
Current Ratio = 0.65 (Total Current Assets 16.86b / Total Current Liabilities 26.13b)
Debt / Equity = 2.39 (Debt 36.45b / totalStockholderEquity, last quarter 15.28b)
Debt / EBITDA = 4.05 (Net Debt 30.51b / EBITDA 7.54b)
Debt / FCF = 11.93 (Net Debt 30.51b / FCF TTM 2.56b)
Total Stockholder Equity = 13.90b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.45% (Net Income 3.35b / Total Assets 76.45b)
RoE = 24.13% (Net Income TTM 3.35b / Total Stockholder Equity 13.90b)
RoCE = 13.25% (EBIT 4.60b / Capital Employed (Equity 13.90b + L.T.Debt 20.81b))
RoIC = 9.02% (NOPAT 3.62b / Invested Capital 40.16b)
WACC = 7.07% (E(34.35b)/V(70.80b) * Re(13.83%) + D(36.45b)/V(70.80b) * Rd(0.89%) * (1-Tc(0.21)))
Discount Rate = 13.83% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -0.65%
[DCF Debug] Terminal Value 74.68% ; FCFF base≈3.07b ; Y1≈2.01b ; Y5≈918.4m
Fair Price DCF = N/A (negative equity: EV 21.57b - Net Debt 30.51b = -8.94b; debt exceeds intrinsic value)
EPS Correlation: 44.87 | EPS CAGR: 138.0% | SUE: 1.40 | # QB: 2
Revenue Correlation: 71.26 | Revenue CAGR: 20.86% | SUE: 0.36 | # QB: 0
EPS next Quarter (2026-03-31): EPS=1.32 | Chg30d=+0.254 | Revisions Net=+10 | Analysts=20
EPS current Year (2026-12-31): EPS=13.34 | Chg30d=+0.470 | Revisions Net=+12 | Growth EPS=+25.6% | Growth Revenue=+8.1%
EPS next Year (2027-12-31): EPS=15.29 | Chg30d=+0.809 | Revisions Net=+11 | Growth EPS=+14.6% | Growth Revenue=+6.7%
P/E Forward = 8.2372
P/S = 0.5814
P/B = 2.3193
P/EG = 6.5389
Revenue TTM = 59.07b USD
EBIT TTM = 4.60b USD
EBITDA TTM = 7.54b USD
Long Term Debt = 20.81b USD (from longTermDebt, two quarters ago)
Short Term Debt = 5.06b USD (from shortTermDebt, last quarter)
Debt = 36.45b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 30.51b USD (from netDebt column, last quarter)
Enterprise Value = 58.56b USD (34.35b + Debt 36.45b - CCE 12.24b)
Interest Coverage Ratio = 3.77 (Ebit TTM 4.60b / Interest Expense TTM 1.22b)
EV/FCF = 22.90x (Enterprise Value 58.56b / FCF TTM 2.56b)
FCF Yield = 4.37% (FCF TTM 2.56b / Enterprise Value 58.56b)
FCF Margin = 4.33% (FCF TTM 2.56b / Revenue TTM 59.07b)
Net Margin = 5.68% (Net Income TTM 3.35b / Revenue TTM 59.07b)
Gross Margin = 64.12% ((Revenue TTM 59.07b - Cost of Revenue TTM 21.19b) / Revenue TTM)
Gross Margin QoQ = 64.14% (prev 64.61%)
Tobins Q-Ratio = 0.77 (Enterprise Value 58.56b / Total Assets 76.45b)
Interest Expense / Debt = 0.89% (Interest Expense 324.0m / Debt 36.45b)
Taxrate = 21.21% (281.0m / 1.32b)
NOPAT = 3.62b (EBIT 4.60b * (1 - 21.21%))
Current Ratio = 0.65 (Total Current Assets 16.86b / Total Current Liabilities 26.13b)
Debt / Equity = 2.39 (Debt 36.45b / totalStockholderEquity, last quarter 15.28b)
Debt / EBITDA = 4.05 (Net Debt 30.51b / EBITDA 7.54b)
Debt / FCF = 11.93 (Net Debt 30.51b / FCF TTM 2.56b)
Total Stockholder Equity = 13.90b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.45% (Net Income 3.35b / Total Assets 76.45b)
RoE = 24.13% (Net Income TTM 3.35b / Total Stockholder Equity 13.90b)
RoCE = 13.25% (EBIT 4.60b / Capital Employed (Equity 13.90b + L.T.Debt 20.81b))
RoIC = 9.02% (NOPAT 3.62b / Invested Capital 40.16b)
WACC = 7.07% (E(34.35b)/V(70.80b) * Re(13.83%) + D(36.45b)/V(70.80b) * Rd(0.89%) * (1-Tc(0.21)))
Discount Rate = 13.83% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -0.65%
[DCF Debug] Terminal Value 74.68% ; FCFF base≈3.07b ; Y1≈2.01b ; Y5≈918.4m
Fair Price DCF = N/A (negative equity: EV 21.57b - Net Debt 30.51b = -8.94b; debt exceeds intrinsic value)
EPS Correlation: 44.87 | EPS CAGR: 138.0% | SUE: 1.40 | # QB: 2
Revenue Correlation: 71.26 | Revenue CAGR: 20.86% | SUE: 0.36 | # QB: 0
EPS next Quarter (2026-03-31): EPS=1.32 | Chg30d=+0.254 | Revisions Net=+10 | Analysts=20
EPS current Year (2026-12-31): EPS=13.34 | Chg30d=+0.470 | Revisions Net=+12 | Growth EPS=+25.6% | Growth Revenue=+8.1%
EPS next Year (2027-12-31): EPS=15.29 | Chg30d=+0.809 | Revisions Net=+11 | Growth EPS=+14.6% | Growth Revenue=+6.7%