Financials United Parcel Service Inc.

Equities

UPS

US9113121068

Air Freight & Logistics

Market Closed - Nyse 04:00:01 2024-06-06 pm EDT 5-day change 1st Jan Change
137.6 USD -0.01% Intraday chart for United Parcel Service Inc. +0.51% -12.51%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 100,417 145,565 186,292 150,357 133,948 117,691 - -
Enterprise Value (EV) 1 116,494 164,309 197,952 164,417 150,140 137,319 138,267 139,456
P/E ratio 22.9 x 103 x 14.6 x 13.2 x 20.2 x 17 x 13.9 x 12.6 x
Yield 3.28% 2.4% 2.14% 3.55% - 4.74% 4.82% 4.97%
Capitalization / Revenue 1.36 x 1.72 x 1.91 x 1.5 x 1.47 x 1.27 x 1.2 x 1.15 x
EV / Revenue 1.57 x 1.94 x 2.03 x 1.64 x 1.65 x 1.48 x 1.41 x 1.36 x
EV / EBITDA 11.1 x 14.4 x 12.3 x 9.69 x 11.3 x 10.5 x 9.32 x 8.58 x
EV / FCF 51.6 x 32.6 x 18.3 x 17.6 x 29.6 x 23.6 x 21.6 x 22.7 x
FCF Yield 1.94% 3.07% 5.46% 5.68% 3.38% 4.24% 4.63% 4.41%
Price to Book 30.6 x 197 x 13.1 x 7.68 x - 6.65 x 6.39 x 6.04 x
Nbr of stocks (in thousands) 857,823 864,398 869,142 864,918 851,926 855,559 - -
Reference price 2 117.1 168.4 214.3 173.8 157.2 137.6 137.6 137.6
Announcement Date 1/30/20 2/2/21 2/1/22 1/31/23 1/30/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 74,094 84,628 97,287 100,338 90,958 92,909 98,342 102,716
EBITDA 1 10,510 11,416 16,097 16,965 13,239 13,113 14,843 16,262
EBIT 1 8,150 8,718 13,144 13,853 9,873 9,556 11,286 12,600
Operating Margin 11% 10.3% 13.51% 13.81% 10.85% 10.29% 11.48% 12.27%
Earnings before Tax (EBT) 1 5,652 1,974 16,595 14,825 8,573 9,142 10,913 11,972
Net income 1 4,440 1,427 12,890 11,548 6,708 6,958 8,359 9,192
Net margin 5.99% 1.69% 13.25% 11.51% 7.37% 7.49% 8.5% 8.95%
EPS 2 5.110 1.640 14.68 13.20 7.800 8.105 9.864 10.96
Free Cash Flow 1 2,259 5,047 10,813 9,335 5,080 5,819 6,406 6,149
FCF margin 3.05% 5.96% 11.11% 9.3% 5.58% 6.26% 6.51% 5.99%
FCF Conversion (EBITDA) 21.49% 44.21% 67.17% 55.03% 38.37% 44.38% 43.16% 37.81%
FCF Conversion (Net income) 50.88% 353.68% 83.89% 80.84% 75.73% 83.64% 76.63% 66.9%
Dividend per Share 2 3.840 4.040 4.580 6.180 - 6.515 6.626 6.833
Announcement Date 1/30/20 2/2/21 2/1/22 1/31/23 1/30/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 27,771 24,378 24,766 24,161 27,033 22,925 22,055 21,061 24,917 21,700 22,272 22,445 26,402 23,463 23,699
EBITDA 1 4,706 4,070 4,338 3,923 4,634 3,386 3,747 2,452 3,654 2,645 3,209 3,246 3,970 3,216 3,782
EBIT 1 3,952 3,306 3,576 3,149 3,822 2,552 2,919 1,615 2,787 1,747 2,330 2,422 3,119 2,330 2,816
Operating Margin 14.23% 13.56% 14.44% 13.03% 14.14% 11.13% 13.24% 7.67% 11.19% 8.05% 10.46% 10.79% 11.81% 9.93% 11.88%
Earnings before Tax (EBT) 1 3,962 3,392 3,697 3,269 4,467 2,522 2,720 1,268 2,063 1,536 2,242 2,339 3,012 2,191 2,730
Net income 1 3,093 2,662 2,849 2,584 3,453 1,895 2,081 1,127 1,605 1,113 1,713 1,788 2,319 1,647 2,111
Net margin 11.14% 10.92% 11.5% 10.69% 12.77% 8.27% 9.44% 5.35% 6.44% 5.13% 7.69% 7.97% 8.78% 7.02% 8.91%
EPS 2 3.520 3.030 3.250 2.960 3.960 2.190 2.420 1.310 1.870 1.300 1.990 2.086 2.722 1.925 2.453
Dividend per Share 2 1.520 1.520 1.520 1.520 1.620 1.620 1.620 - - 1.630 1.630 1.630 1.630 1.675 1.675
Announcement Date 2/1/22 4/26/22 7/26/22 10/25/22 1/31/23 4/25/23 8/8/23 10/26/23 1/30/24 4/23/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 16,077 18,744 11,660 14,060 16,192 19,628 20,576 21,765
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.53 x 1.642 x 0.7244 x 0.8288 x 1.223 x 1.497 x 1.386 x 1.338 x
Free Cash Flow 1 2,259 5,047 10,813 9,335 5,080 5,819 6,406 6,149
ROE (net income / shareholders' equity) 207% 358% 143% 66.6% 36.2% 38.2% 42.7% 44.2%
ROA (Net income/ Total Assets) 12.1% 11.9% 19.6% 16.4% 9.45% 9.8% 11.5% 13%
Assets 1 36,600 11,983 65,907 70,243 70,990 71,033 72,531 70,529
Book Value Per Share 2 3.830 0.8600 16.30 22.60 - 20.70 21.50 22.80
Cash Flow per Share 2 9.940 12.00 17.10 16.10 11.90 12.70 14.70 16.50
Capex 1 6,380 5,412 4,194 4,769 5,158 4,622 5,504 6,069
Capex / Sales 8.61% 6.4% 4.31% 4.75% 5.67% 4.97% 5.6% 5.91%
Announcement Date 1/30/20 2/2/21 2/1/22 1/31/23 1/30/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
31
Last Close Price
137.6 USD
Average target price
162.5 USD
Spread / Average Target
+18.12%
Consensus
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  4. Financials United Parcel Service Inc.