UAL Stock Analysis: United Airlines Holdings | NASDAQ
Airlines | NASDAQ, USA | Market Cap: 33.108m USD | 12M Return: 11.6% | US9100471096 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 520M
EPS Trend: -16.7%
Qual. Beats: -1
Rev. Trend: 96.0%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 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 the parent company of United Airlines, a major U.S.-based air carrier providing passenger and cargo transportation across North America, the Atlantic, the Pacific, and Latin America through its mainline and regional fleets. In addition to core flight operations, United generates ancillary revenue from ground handling, maintenance, flight academy services, cargo and mail transportation for freight forwarders and postal services, and its MileagePlus loyalty program. The company distributes tickets through its own website and mobile app, as well as through traditional and online travel agencies.
The company is classified within the GICS Industrials sector and the Passenger Airlines sub-industry, a capital-intensive business characterized by high fixed costs for fuel, labor, and fleet, as well as exposure to cyclical demand. United Airlines Holdings was incorporated in 1968 and is headquartered in Chicago, Illinois; it was renamed from United Continental Holdings, Inc. in June 2019.
- Premium cabin demand lifts unit revenue across transatlantic routes
- Boeing delivery delays constrain fleet renewal and capacity growth
- Jet fuel price volatility pressures operating margins
| Net Income: 3.58b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA -3.55 > 1.0 |
| NWC/Revenue: -10.15% < 20% (prev -15.46%; Δ 5.32% < -1%) |
| CFO/TA 0.10 > 3% & CFO 8.16b > Net Income 3.58b |
| Net Debt (26.8b) to EBITDA (8.54b): 3.14 < 3 |
| Current Ratio: 0.75 > 1.5 & < 3 |
| Outstanding Shares: last quarter (327.4m) vs 12m ago 0.15% < -2% |
| Gross Margin: 65.72% > 18% (prev 55.71%; Δ 10.01% > 0.5%) |
| Asset Turnover: 81.21% > 50% (prev 76.49%; Δ 4.73% > 0%) |
| Interest Coverage Ratio: 4.06 > 6 (EBIT TTM 5.49b / Interest Expense TTM 1.35b) |
| A: -0.08 (Total Current Assets 20.0b - Total Current Liabilities 26.6b) / Total Assets 85.1b |
| B: 0.15 (Retained Earnings 12.6b / Total Assets 85.1b) |
| C: 0.07 (EBIT TTM 5.49b / Avg Total Assets 80.7b) |
| D: 0.26 (Book Value of Equity 17.8b / Total Liabilities 67.4b) |
| Altman-Z'' = 0.70 = B |
| DSRI: 0.96 (Receivables 2.64b/2.43b, Revenue 65.6b/58.4b) |
| GMI: 0.85 (GM 55.71% / 65.72%) |
| AQI: 0.93 (AQ_t 0.10 / AQ_t-1 0.11) |
| SGI: 1.12 (Revenue 65.6b / 58.4b) |
| TATA: -0.05 (NI 3.58b - CFO 8.16b) / TA 85.1b) |
| Beneish M = -3.15 (Cap -4..+1) = AA |
As of November 02, 2026, the stock is trading at USD 104.24 with a total of 4,942,555 shares traded. Over the past week, the price has changed by +6.44%, over one month by -7.47%, over three months by -15.64% and over the past year by +11.63%.
Current recommended Stop Loss: 92.00 (which is 11.7% or 2.7 ATR below the current price).
United Airlines Holdings has received a consensus analysts rating of 4.68. Therefore, it is recommended to buy UAL.
- StrongBuy: 19
- Buy: 4
- Hold: 2
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 150.9 | 44.8% |
P/E Trailing = 9.3407
P/E Forward = 7.3855
P/S = 0.5051
P/B = 2.2396
P/EG = 6.5026
Revenue TTM = 65.6b USD
EBIT TTM = 5.49b USD
EBITDA TTM = 8.54b USD
Long Term Debt = 20.6b USD (from longTermDebt, last fiscal year)
Short Term Debt = 2.78b USD (from shortTermDebt, last quarter)
Debt = 41.5b USD (from shortLongTermDebtTotal, last quarter) + Leases 7.20b
Net Debt = 26.8b USD (calculated: Debt 41.5b - CCE 14.7b)
Enterprise Value = 60.0b USD (33.1b + Debt 41.5b - CCE 14.7b)
Interest Coverage Ratio = 4.06 (Ebit TTM 5.49b / Interest Expense TTM 1.35b)
EV/FCF = 53.72x (Enterprise Value 60.0b / FCF TTM 1.12b)
FCF Yield = 1.86% (FCF TTM 1.12b / Enterprise Value 60.0b)
FCF Margin = 1.70% (FCF TTM 1.12b / Revenue TTM 65.6b)
Net Margin = 5.46% (Net Income TTM 3.58b / Revenue TTM 65.6b)
Gross Margin = 65.72% ((Revenue TTM 65.6b - Cost of Revenue TTM 22.5b) / Revenue TTM)
Gross Margin QoQ = 67.09% (prev 67.72%)
Tobins Q-Ratio = 0.70 (Enterprise Value 60.0b / Total Assets 85.1b)
Interest Expense / Debt = 3.26% (Interest Expense 1.35b / Debt 41.5b)
Taxrate = 21.09% (956.0m / 4.53b)
NOPAT = 4.34b (EBIT 5.49b * (1 - 21.09%))
Current Ratio = 0.75 (Total Current Assets 20.0b / Total Current Liabilities 26.6b)
Debt / Equity = 2.34 (Debt 41.5b / totalStockholderEquity, last quarter 17.8b)
Debt / EBITDA = 3.14 (Net Debt 26.8b / EBITDA 8.54b)
Debt / FCF = 24.05 (Net Debt 26.8b / FCF TTM 1.12b)
Total Stockholder Equity = 16.4b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.43% (Net Income 3.58b / Total Assets 85.1b)
RoE = 21.81% (Net Income TTM 3.58b / Total Stockholder Equity 16.4b)
RoCE = 14.86% (EBIT 5.49b / Capital Employed (Equity 16.4b + L.T.Debt 20.6b))
RoIC = 7.48% (NOPAT 4.34b / Invested Capital 58.0b)
WACC = 6.38% (E(33.1b)/V(74.6b) * Re(11.15%) + D(41.5b)/V(74.6b) * Rd(3.26%) * (1-Tc(0.21)))
Discount Rate = 11.15% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -84.82 | Cagr: -0.87%
[DCF] Terminal Value 73.10% ; FCFF base≈2.15b ; Y1≈1.89b ; Y5≈1.53b
[DCF] Fair Price = N/A (negative equity: EV 24.5b - Net Debt 26.8b = -2.35b; debt exceeds intrinsic value)
EPS Correlation: -16.71 | EPS CAGR: -1.65% | SUE: -1.04 | # QB: -1
Revenue Correlation: 96.04 | Revenue CAGR: 6.27% | SUE: -0.16 | # QB: 0
EPS current Quarter (2027-03-31): EPS=0.05 | Chg30d=-95.87% | Revisions=-57% | Analysts=11
EPS current Year (2026-12-31): EPS=7.19 | Chg30d=-24.57% | Revisions=-87% | GrowthEPS=-32.3% | GrowthRev=+16.3%
EPS next Year (2027-12-31): EPS=12.05 | Chg30d=-17.26% | Revisions=-70% | GrowthEPS=+67.6% | GrowthRev=+6.6%
[Analyst] Revisions Ratio: -85% (up=2, down=42)