UAL Stock Analysis: United Airlines Holdings | NASDAQ
Airlines | NASDAQ, USA | Market Cap: 32.884m USD | 12M Return: -3.1% | US9100471096 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 480M
EPS Trend: 8.0%
Qual. Beats: 4
Rev. Trend: 98.0%
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: 3.50b 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 (8.35b): 2.90 < 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: 4.21 > 6 (EBIT TTM 5.36b / 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 5.36b / Avg Total Assets 80.9b) |
| D: 0.25 (Book Value of Equity 16.7b / Total Liabilities 67.9b) |
| Altman-Z'' = 0.67 = 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 October 19, 2026, the stock is trading at USD 96.10 with a total of 4,852,538 shares traded. Over the past week, the price has changed by -10.57%, over one month by -10.72%, over three months by -16.73% and over the past year by -3.07%.
Current recommended Stop Loss: 91.20 (which is 5.1% or 1.3 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 | 152.8 | 59% |
P/E Trailing = 9.486
P/E Forward = 7.3855
P/S = 0.5228
P/B = 2.2396
P/EG = 6.5026
Revenue TTM = 62.9b USD
EBIT TTM = 5.36b USD
EBITDA TTM = 8.35b 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 = 57.1b USD (32.9b + Debt 40.9b - CCE 16.6b)
Interest Coverage Ratio = 4.21 (Ebit TTM 5.36b / Interest Expense TTM 1.27b)
EV/FCF = 22.45x (Enterprise Value 57.1b / FCF TTM 2.54b)
FCF Yield = 4.45% (FCF TTM 2.54b / Enterprise Value 57.1b)
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 = 0.68 (Enterprise Value 57.1b / Total Assets 84.6b)
Interest Expense / Debt = 3.11% (Interest Expense 1.27b / Debt 40.9b)
Taxrate = 21.89% (980.0m / 4.48b)
NOPAT = 4.18b (EBIT 5.36b * (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 = 2.90 (Net Debt 24.2b / EBITDA 8.35b)
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 = 13.45% (EBIT 5.36b / Capital Employed (Equity 15.5b + L.T.Debt 24.3b))
RoIC = 7.39% (NOPAT 4.18b / Invested Capital 56.6b)
WACC = 6.42% (E(32.9b)/V(73.8b) * Re(11.38%) + D(40.9b)/V(73.8b) * Rd(3.11%) * (1-Tc(0.22)))
Discount Rate = 11.38% (= 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 = 35.49 (EV 35.8b - 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=2.59 | Chg30d=-11.56% | Revisions=-75% | Analysts=19
EPS current Year (2026-12-31): EPS=7.89 | Chg30d=-19.15% | Revisions=-86% | GrowthEPS=-25.7% | GrowthRev=+15.2%
EPS next Year (2027-12-31): EPS=12.83 | Chg30d=-13.04% | Revisions=-70% | GrowthEPS=+62.5% | GrowthRev=+6.2%
[Analyst] Revisions Ratio: -85% (up=3, down=53)