(UAL) United Airlines Holdings - Ratings and Ratios
Exchange: NASDAQ •
Country: United States •
Currency: USD •
Type: Common Stock •
ISIN: US9100471096
Passenger Flights, Cargo, Maintenance, Ground Handling, Training
EPS (Earnings per Share)
Revenue
Dividends
Currently no dividends paid| Risk via 5d forecast | |
|---|---|
| Volatility | 40.1% |
| Value at Risk 5%th | 60.6% |
| Relative Tail Risk | -8.12% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.57 |
| Alpha | -12.25 |
| CAGR/Max DD | 0.76 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.383 |
| Beta | 2.011 |
| Beta Downside | 1.944 |
| Drawdowns 3y | |
|---|---|
| Max DD | 49.19% |
| Mean DD | 16.07% |
| Median DD | 15.25% |
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) 5.5
| Net Income (3.29b TTM) > 0 and > 6% of Revenue (6% = 3.50b TTM) |
| FCFTA 0.05 (>2.0%) and ΔFCFTA 4.44pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue -15.46% (prev -8.56%; Δ -6.90pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.12 (>3.0%) and CFO 9.37b > Net Income 3.29b (YES >=105%, WARN >=100%) |
| Net Debt (24.59b) to EBITDA (7.03b) ratio: 3.50 <= 3.0 (WARN <= 3.5) |
| Current Ratio 0.67 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (326.9m) change vs 12m ago -1.74% (target <= -2.0% for YES) |
| Gross Margin 55.71% (prev 27.98%; Δ 27.72pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 78.37% (prev 77.08%; Δ 1.29pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 3.99 (EBITDA TTM 7.03b / Interest Expense TTM 1.21b) >= 6 (WARN >= 3) |
Altman Z'' 0.20
| (A) -0.12 = (Total Current Assets 18.09b - Total Current Liabilities 27.12b) / Total Assets 76.31b |
| (B) 0.12 = Retained Earnings (Balance) 9.05b / Total Assets 76.31b |
| (C) 0.06 = EBIT TTM 4.84b / Avg Total Assets 74.48b |
| (D) 0.15 = Book Value of Equity 9.18b / Total Liabilities 62.00b |
| Total Rating: 0.20 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 66.10
| 1. Piotroski 5.50pt |
| 2. FCF Yield 6.85% |
| 3. FCF Margin 6.36% |
| 4. Debt/Equity 2.19 |
| 5. Debt/Ebitda 3.50 |
| 6. ROIC - WACC (= 1.53)% |
| 7. RoE 24.87% |
| 8. Rev. Trend 76.11% |
| 9. EPS Trend 54.34% |
What is the price of UAL shares?
As of January 08, 2026, the stock is trading at USD 117.53 with a total of 5,435,120 shares traded.
Over the past week, the price has changed by +5.39%, over one month by +12.47%, over three months by +21.08% and over the past year by +19.24%.
Over the past week, the price has changed by +5.39%, over one month by +12.47%, over three months by +21.08% and over the past year by +19.24%.
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.
- Strong Buy: 16
- Buy: 6
- Hold: 2
- Sell: 0
- Strong Sell: 1
What are the forecasts/targets for the UAL price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 125.3 | 6.6% |
| Analysts Target Price | 125.3 | 6.6% |
| ValueRay Target Price | 137 | 16.5% |
UAL Fundamental Data Overview January 03, 2026
Market Cap USD = 36.20b (36.20b USD * 1.0 USD.USD)
P/E Trailing = 11.1932
P/E Forward = 8.569
P/S = 0.6202
P/B = 2.5299
P/EG = 4.858
Beta = 1.304
Revenue TTM = 58.37b USD
EBIT TTM = 4.84b USD
EBITDA TTM = 7.03b USD
Long Term Debt = 20.81b USD (from longTermDebt, last quarter)
Short Term Debt = 5.18b USD (from shortTermDebt, last quarter)
Debt = 31.32b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 24.59b USD (from netDebt column, last quarter)
Enterprise Value = 54.19b USD (36.20b + Debt 31.32b - CCE 13.33b)
Interest Coverage Ratio = 3.99 (Ebit TTM 4.84b / Interest Expense TTM 1.21b)
FCF Yield = 6.85% (FCF TTM 3.71b / Enterprise Value 54.19b)
FCF Margin = 6.36% (FCF TTM 3.71b / Revenue TTM 58.37b)
Net Margin = 5.64% (Net Income TTM 3.29b / Revenue TTM 58.37b)
Gross Margin = 55.71% ((Revenue TTM 58.37b - Cost of Revenue TTM 25.85b) / Revenue TTM)
Gross Margin QoQ = 64.61% (prev 64.92%)
Tobins Q-Ratio = 0.71 (Enterprise Value 54.19b / Total Assets 76.31b)
Interest Expense / Debt = 0.89% (Interest Expense 278.0m / Debt 31.32b)
Taxrate = 24.38% (306.0m / 1.25b)
NOPAT = 3.66b (EBIT 4.84b * (1 - 24.38%))
Current Ratio = 0.67 (Total Current Assets 18.09b / Total Current Liabilities 27.12b)
Debt / Equity = 2.19 (Debt 31.32b / totalStockholderEquity, last quarter 14.31b)
Debt / EBITDA = 3.50 (Net Debt 24.59b / EBITDA 7.03b)
Debt / FCF = 6.63 (Net Debt 24.59b / FCF TTM 3.71b)
Total Stockholder Equity = 13.24b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.32% (Net Income 3.29b / Total Assets 76.31b)
RoE = 24.87% (Net Income TTM 3.29b / Total Stockholder Equity 13.24b)
RoCE = 14.20% (EBIT 4.84b / Capital Employed (Equity 13.24b + L.T.Debt 20.81b))
RoIC = 9.04% (NOPAT 3.66b / Invested Capital 40.45b)
WACC = 7.51% (E(36.20b)/V(67.52b) * Re(13.42%) + D(31.32b)/V(67.52b) * Rd(0.89%) * (1-Tc(0.24)))
Discount Rate = 13.42% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -0.67%
[DCF Debug] Terminal Value 50.46% ; FCFE base≈2.35b ; Y1≈1.54b ; Y5≈705.0m
Fair Price DCF = 22.73 (DCF Value 7.36b / Shares Outstanding 323.7m; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: 54.34 | EPS CAGR: 27.68% | SUE: 0.94 | # QB: 1
Revenue Correlation: 76.11 | Revenue CAGR: 17.97% | SUE: -0.48 | # QB: 0
EPS next Quarter (2026-03-31): EPS=1.04 | Chg30d=-0.053 | Revisions Net=-5 | Analysts=15
EPS next Year (2026-12-31): EPS=12.87 | Chg30d=-0.133 | Revisions Net=-9 | Growth EPS=+22.2% | Growth Revenue=+7.8%
P/E Trailing = 11.1932
P/E Forward = 8.569
P/S = 0.6202
P/B = 2.5299
P/EG = 4.858
Beta = 1.304
Revenue TTM = 58.37b USD
EBIT TTM = 4.84b USD
EBITDA TTM = 7.03b USD
Long Term Debt = 20.81b USD (from longTermDebt, last quarter)
Short Term Debt = 5.18b USD (from shortTermDebt, last quarter)
Debt = 31.32b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 24.59b USD (from netDebt column, last quarter)
Enterprise Value = 54.19b USD (36.20b + Debt 31.32b - CCE 13.33b)
Interest Coverage Ratio = 3.99 (Ebit TTM 4.84b / Interest Expense TTM 1.21b)
FCF Yield = 6.85% (FCF TTM 3.71b / Enterprise Value 54.19b)
FCF Margin = 6.36% (FCF TTM 3.71b / Revenue TTM 58.37b)
Net Margin = 5.64% (Net Income TTM 3.29b / Revenue TTM 58.37b)
Gross Margin = 55.71% ((Revenue TTM 58.37b - Cost of Revenue TTM 25.85b) / Revenue TTM)
Gross Margin QoQ = 64.61% (prev 64.92%)
Tobins Q-Ratio = 0.71 (Enterprise Value 54.19b / Total Assets 76.31b)
Interest Expense / Debt = 0.89% (Interest Expense 278.0m / Debt 31.32b)
Taxrate = 24.38% (306.0m / 1.25b)
NOPAT = 3.66b (EBIT 4.84b * (1 - 24.38%))
Current Ratio = 0.67 (Total Current Assets 18.09b / Total Current Liabilities 27.12b)
Debt / Equity = 2.19 (Debt 31.32b / totalStockholderEquity, last quarter 14.31b)
Debt / EBITDA = 3.50 (Net Debt 24.59b / EBITDA 7.03b)
Debt / FCF = 6.63 (Net Debt 24.59b / FCF TTM 3.71b)
Total Stockholder Equity = 13.24b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.32% (Net Income 3.29b / Total Assets 76.31b)
RoE = 24.87% (Net Income TTM 3.29b / Total Stockholder Equity 13.24b)
RoCE = 14.20% (EBIT 4.84b / Capital Employed (Equity 13.24b + L.T.Debt 20.81b))
RoIC = 9.04% (NOPAT 3.66b / Invested Capital 40.45b)
WACC = 7.51% (E(36.20b)/V(67.52b) * Re(13.42%) + D(31.32b)/V(67.52b) * Rd(0.89%) * (1-Tc(0.24)))
Discount Rate = 13.42% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -0.67%
[DCF Debug] Terminal Value 50.46% ; FCFE base≈2.35b ; Y1≈1.54b ; Y5≈705.0m
Fair Price DCF = 22.73 (DCF Value 7.36b / Shares Outstanding 323.7m; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: 54.34 | EPS CAGR: 27.68% | SUE: 0.94 | # QB: 1
Revenue Correlation: 76.11 | Revenue CAGR: 17.97% | SUE: -0.48 | # QB: 0
EPS next Quarter (2026-03-31): EPS=1.04 | Chg30d=-0.053 | Revisions Net=-5 | Analysts=15
EPS next Year (2026-12-31): EPS=12.87 | Chg30d=-0.133 | Revisions Net=-9 | Growth EPS=+22.2% | Growth Revenue=+7.8%
Additional Sources for UAL Stock
News:
Wall Street Journal |
Benzinga |
Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle