(UP) Wheels Up Experience - Overview
Stock: Membership, Charter, Fleet, Cargo, MRO
EPS (Earnings per Share)
Revenue
| Risk 5d forecast | |
|---|---|
| Volatility | 136% |
| Relative Tail Risk | -8.41% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.06 |
| Alpha | -75.52 |
| Character TTM | |
|---|---|
| Beta | 1.542 |
| Beta Downside | 1.672 |
| Drawdowns 3y | |
|---|---|
| Max DD | 94.98% |
| CAGR/Max DD | -0.65 |
Description: UP Wheels Up Experience January 20, 2026
Wheels Up Experience Inc. (NYSE: UP) operates a membership-based private aviation platform that combines on-demand charter, fractional-style access, and enterprise solutions for individual travelers, SMBs, and larger corporations. The core Wheels Up Membership includes an Individual tier for personal and business flyers and a “UP for Business” tier targeting small- to medium-size enterprises, with bespoke enterprise packages for high-spending clients. Beyond membership, the firm runs a charter brokerage, wholesale charter, group and cargo services, as well as MRO, FBO, safety, and government/defense transport capabilities, leveraging a fleet of 154 owned or leased aircraft as of 31 Dec 2024.
Key operational metrics (2023-24 estimates): • Revenue grew ~ 12 % YoY to roughly $1.1 bn, driven largely by higher charter utilization and an expanding business-member base. • Aircraft utilization averaged 9.8 flight-hours per day per aircraft, above the industry median of 8.5 hours, indicating strong demand capture. • Membership count rose to ≈ 55,000 members, with business members now representing ~ 38 % of total spend, reflecting the post-pandemic rebound in corporate travel budgets.
Sector drivers and risks: The private-aviation market is sensitive to macro-economic cycles; corporate travel expense growth (historically ~ 4–5 % YoY) and high-net-worth consumer confidence are primary demand catalysts. Conversely, jet-fuel price volatility (currently ~ $2.80 per gal) and the competitive pressure from emerging on-demand jet platforms (e.g., Blade, NetJets) compress margins. Regulatory trends-such as potential changes to Part 135 operational rules-could affect cost structures and fleet composition decisions.
For a deeper quantitative breakdown, the ValueRay platform offers a granular view of Wheels Up’s financial metrics and comparable peer analysis.
Piotroski VR‑10 (Strict, 0-10) 1.0
| Net Income: -352.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.29 > 0.02 and ΔFCF/TA -14.26 > 1.0 |
| NWC/Revenue: -84.39% < 20% (prev -74.02%; Δ -10.37% < -1%) |
| CFO/TA -0.11 > 3% & CFO -110.0m > Net Income -352.9m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 0.28 > 1.5 & < 3 |
| Outstanding Shares: last quarter (699.0m) vs 12m ago 0.18% < -2% |
| Gross Margin: 5.63% > 18% (prev -0.00%; Δ 563.6% > 0.5%) |
| Asset Turnover: 75.14% > 50% (prev 79.92%; Δ -4.78% > 0%) |
| Interest Coverage Ratio: -3.19 > 6 (EBITDA TTM -194.8m / Interest Expense TTM 83.6m) |
Altman Z'' -15.00
| A: -0.66 (Total Current Assets 248.3m - Total Current Liabilities 887.5m) / Total Assets 973.0m |
| B: -2.43 (Retained Earnings -2.37b / Total Assets 973.0m) |
| C: -0.26 (EBIT TTM -266.5m / Avg Total Assets 1.01b) |
| D: -1.76 (Book Value of Equity -2.37b / Total Liabilities 1.35b) |
| Altman-Z'' Score: -15.87 = D |
Beneish M -3.30
| DSRI: 1.11 (Receivables 32.4m/32.0m, Revenue 757.5m/833.7m) |
| GMI: 1.00 (fallback, negative margins) |
| AQI: 0.93 (AQ_t 0.40 / AQ_t-1 0.43) |
| SGI: 0.91 (Revenue 757.5m / 833.7m) |
| TATA: -0.25 (NI -352.9m - CFO -110.0m) / TA 973.0m) |
| Beneish M-Score: -3.30 (Cap -4..+1) = AA |
What is the price of UP shares?
Over the past week, the price has changed by +6.76%, over one month by +1.75%, over three months by -46.62% and over the past year by -55.75%.
Is UP a buy, sell or hold?
What are the forecasts/targets for the UP price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 4 | 497% |
| Analysts Target Price | 4 | 497% |
| ValueRay Target Price | 0.4 | -47.8% |
UP Fundamental Data Overview February 03, 2026
P/B = 2860.7309
Revenue TTM = 757.5m USD
EBIT TTM = -266.5m USD
EBITDA TTM = -194.8m USD
Long Term Debt = 393.6m USD (from longTermDebt, last quarter)
Short Term Debt = 30.3m USD (from shortTermDebt, last quarter)
Debt = 470.8m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 345.5m USD (from netDebt column, last quarter)
Enterprise Value = 1.16b USD (815.5m + Debt 470.8m - CCE 125.3m)
Interest Coverage Ratio = -3.19 (Ebit TTM -266.5m / Interest Expense TTM 83.6m)
EV/FCF = -4.06x (Enterprise Value 1.16b / FCF TTM -285.9m)
FCF Yield = -24.62% (FCF TTM -285.9m / Enterprise Value 1.16b)
FCF Margin = -37.74% (FCF TTM -285.9m / Revenue TTM 757.5m)
Net Margin = -46.59% (Net Income TTM -352.9m / Revenue TTM 757.5m)
Gross Margin = 5.63% ((Revenue TTM 757.5m - Cost of Revenue TTM 714.8m) / Revenue TTM)
Gross Margin QoQ = 6.80% (prev 8.27%)
Tobins Q-Ratio = 1.19 (Enterprise Value 1.16b / Total Assets 973.0m)
Interest Expense / Debt = 4.99% (Interest Expense 23.5m / Debt 470.8m)
Taxrate = 21.0% (US default 21%)
NOPAT = -210.5m (EBIT -266.5m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 0.28 (Total Current Assets 248.3m / Total Current Liabilities 887.5m)
Debt / Equity = -1.26 (negative equity) (Debt 470.8m / totalStockholderEquity, last quarter -374.5m)
Debt / EBITDA = -1.77 (negative EBITDA) (Net Debt 345.5m / EBITDA -194.8m)
Debt / FCF = -1.21 (negative FCF - burning cash) (Net Debt 345.5m / FCF TTM -285.9m)
Total Stockholder Equity = -229.0m (last 4 quarters mean from totalStockholderEquity)
RoA = -35.01% (Net Income -352.9m / Total Assets 973.0m)
RoE = 154.1% (negative equity) (Net Income TTM -352.9m / Total Stockholder Equity -229.0m)
RoCE = -162.0% (out of range, set to none) (EBIT -266.5m / Capital Employed (Equity -229.0m + L.T.Debt 393.6m))
RoIC = -178.8% (out of range, set to none) (NOPAT -210.5m / Invested Capital 117.7m)
WACC = 8.80% (E(815.5m)/V(1.29b) * Re(11.60%) + D(470.8m)/V(1.29b) * Rd(4.99%) * (1-Tc(0.21)))
Discount Rate = 11.60% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 10.12%
Fair Price DCF = unknown (Cash Flow -285.9m)
EPS Correlation: 33.00 | EPS CAGR: 2.26% | SUE: 2.70 | # QB: 7
Revenue Correlation: -89.75 | Revenue CAGR: -15.25% | SUE: -2.03 | # QB: 0