UAL Stock Analysis: United Airlines Holdings | NASDAQ
Airlines | NASDAQ, USA | Market Cap: 37.438m USD | 12M Return: 28% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 607M
EPS Trend: 8.0%
Qual. Beats: 4
Rev. Trend: 98.0%
Qual. Beats: 0
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: 3.50b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA -2.23 > 1.0 |
| NWC/Revenue: -9.70% < 20% (prev -15.06%; Δ 5.36% < -1%) |
| CFO/TA 0.11 > 3% & CFO 8.91b > Net Income 3.50b |
| Net Debt (24.2b) to EBITDA (8.47b): 2.86 < 3 |
| Current Ratio: 0.78 > 1.5 & < 3 |
| Outstanding Shares: last quarter (326.6m) vs 12m ago -0.18% < -2% |
| Gross Margin: 65.06% > 18% (prev 46.76%; Δ 18.30% > 0.5%) |
| Asset Turnover: 77.79% > 50% (prev 75.15%; Δ 2.64% > 0%) |
| Interest Coverage Ratio: 4.30 > 6 (EBIT TTM 5.47b / Interest Expense TTM 1.27b) |
| A: -0.07 (Total Current Assets 21.7b - Total Current Liabilities 27.8b) / Total Assets 84.6b |
| B: 0.14 (Retained Earnings 11.5b / Total Assets 84.6b) |
| C: 0.07 (EBIT TTM 5.47b / Avg Total Assets 80.9b) |
| D: 0.25 (Book Value of Equity 16.7b / Total Liabilities 67.9b) |
| Altman-Z'' = 0.68 = B |
| DSRI: 1.00 (Receivables 2.47b/2.29b, Revenue 62.9b/58.0b) |
| GMI: 0.72 (GM 46.76% / 65.06%) |
| AQI: 0.94 (AQ_t 0.10 / AQ_t-1 0.11) |
| SGI: 1.08 (Revenue 62.9b / 58.0b) |
| TATA: -0.06 (NI 3.50b - CFO 8.91b) / TA 84.6b) |
| Beneish M = -3.26 (Cap -4..+1) = AA |
As of July 27, 2026, the stock is trading at USD 118.27 with a total of 4,692,651 shares traded. Over the past week, the price has changed by +2.48%, over one month by -13.11%, over three months by +28.69% and over the past year by +27.96%.
Current recommended Stop Loss: 112.30 (which is 5% or 1.3 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 | 162.2 | 37.1% |
P/E Trailing = 10.9748
P/E Forward = 11.4416
P/S = 0.5952
P/B = 2.2795
P/EG = 6.5026
Revenue TTM = 62.9b USD
EBIT TTM = 5.47b USD
EBITDA TTM = 8.47b USD
Long Term Debt = 24.3b USD (from longTermDebt, last quarter)
Short Term Debt = 2.99b USD (from shortTermDebt, last quarter)
Debt = 40.9b USD (from shortLongTermDebtTotal, last quarter) + Leases 7.20b
Net Debt = 24.2b USD (calculated: Debt 40.9b - CCE 16.6b)
Enterprise Value = 61.7b USD (37.4b + Debt 40.9b - CCE 16.6b)
Interest Coverage Ratio = 4.30 (Ebit TTM 5.47b / Interest Expense TTM 1.27b)
EV/FCF = 24.25x (Enterprise Value 61.7b / FCF TTM 2.54b)
FCF Yield = 4.12% (FCF TTM 2.54b / Enterprise Value 61.7b)
FCF Margin = 4.04% (FCF TTM 2.54b / Revenue TTM 62.9b)
Net Margin = 5.56% (Net Income TTM 3.50b / Revenue TTM 62.9b)
Gross Margin = 65.06% ((Revenue TTM 62.9b - Cost of Revenue TTM 22.0b) / Revenue TTM)
Gross Margin QoQ = 67.72% (prev 63.27%)
Tobins Q-Ratio = 0.73 (Enterprise Value 61.7b / Total Assets 84.6b)
Interest Expense / Debt = 3.11% (Interest Expense 1.27b / Debt 40.9b)
Taxrate = 21.89% (980.0m / 4.48b)
NOPAT = 4.28b (EBIT 5.47b * (1 - 21.89%))
Current Ratio = 0.78 (Total Current Assets 21.7b / Total Current Liabilities 27.8b)
Debt / Equity = 2.45 (Debt 40.9b / totalStockholderEquity, last quarter 16.7b)
Debt / EBITDA = 2.86 (Net Debt 24.2b / EBITDA 8.47b)
Debt / FCF = 9.53 (Net Debt 24.2b / FCF TTM 2.54b)
Total Stockholder Equity = 15.5b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.32% (Net Income 3.50b / Total Assets 84.6b)
RoE = 22.50% (Net Income TTM 3.50b / Total Stockholder Equity 15.5b)
RoCE = 13.74% (EBIT 5.47b / Capital Employed (Equity 15.5b + L.T.Debt 24.3b))
RoIC = 7.55% (NOPAT 4.28b / Invested Capital 56.6b)
WACC = 7.01% (E(37.4b)/V(78.3b) * Re(12.01%) + D(40.9b)/V(78.3b) * Rd(3.11%) * (1-Tc(0.22)))
Discount Rate = 12.01% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -66.57 | Cagr: -0.23%
[DCF] Terminal Value 73.10% ; FCFF base≈3.14b ; Y1≈2.76b ; Y5≈2.23b
[DCF] Fair Price = 35.47 (EV 35.7b - Net Debt 24.2b = Equity 11.5b / Shares 324.6m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: 8.03 | EPS CAGR: 0.68% | SUE: 1.23 | # QB: 4
Revenue Correlation: 98.01 | Revenue CAGR: 5.66% | SUE: 0.60 | # QB: 0
EPS current Quarter (2026-09-30): EPS=3.21 | Chg30d=+17.21% | Revisions=+50% | Analysts=19
EPS current Year (2026-12-31): EPS=10.38 | Chg30d=+10.48% | Revisions=+40% | GrowthEPS=-2.3% | GrowthRev=+14.7%
EPS next Year (2027-12-31): EPS=15.50 | Chg30d=+9.05% | Revisions=+50% | GrowthEPS=+49.4% | GrowthRev=+5.0%
[Analyst] Revisions Ratio: +54% (up=27, down=7)