UL SOLUTIONS INC. |
Real-time Estimate
Other stock markets
|
5-day change | 1st Jan Change | ||
| 40.9 EUR | +2.25% |
|
+2.01% | 0.00% |
| Jul. 12 | Baird Downgrades UL Solutions to Neutral From Outperform, Adjusts Price Target to $46 From $41 | MT |
| Jul. 09 | UL Solutions Acquires TesTneT Engineering in Germany | MT |
Valuation
| Fiscal Period: December | 2024 | 2025 | 2026 |
|---|---|---|---|
| Capitalization 1 | 9,024 | - | - |
| Enterprise Value (EV) 1 | 9,567 | 9,416 | 9,215 |
| P/E ratio | 32.5 x | 30.7 x | 28.4 x |
| Yield | 1.06% | 1.17% | 1.24% |
| Capitalization / Revenue | 3.21 x | 3.05 x | 2.89 x |
| EV / Revenue | 3.4 x | 3.18 x | 2.95 x |
| EV / EBITDA | 15.2 x | 13.5 x | 12.1 x |
| EV / FCF | 38.6 x | 32.5 x | 27.4 x |
| FCF Yield | 2.59% | 3.07% | 3.66% |
| Price to Book | 11 x | 8.91 x | 7.36 x |
| Nbr of stocks (in thousands) | 200,004 | - | - |
| Reference price 2 | 45.12 | 45.12 | 45.12 |
| Announcement Date | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Net sales 1 | 2,678 | 2,810 | 2,957 | 3,125 |
| EBITDA 1 | - | 628.6 | 696.2 | 760.4 |
| EBIT 1 | - | 441.2 | 477.3 | 511 |
| Operating Margin | - | 15.7% | 16.14% | 16.35% |
| Earnings before Tax (EBT) 1 | - | 374.7 | 415 | 437.5 |
| Net income 1 | 260 | 280.9 | 294.3 | 318.3 |
| Net margin | 9.71% | 9.99% | 9.95% | 10.18% |
| EPS 2 | - | 1.390 | 1.467 | 1.591 |
| Free Cash Flow 1 | - | 247.9 | 289.5 | 336.9 |
| FCF margin | - | 8.82% | 9.79% | 10.78% |
| FCF Conversion (EBITDA) | - | 39.44% | 41.58% | 44.3% |
| FCF Conversion (Net income) | - | 88.28% | 98.38% | 105.84% |
| Dividend per Share 2 | - | 0.4783 | 0.5283 | 0.5581 |
| Announcement Date | 2/29/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|
| Net sales 1 | 670 | 719.7 | 702.9 | 710.2 | 697.2 | 757.8 |
| EBITDA 1 | 131 | 170.1 | 158.1 | 163.8 | 143.6 | 191.8 |
| EBIT 1 | 90 | 122.9 | 110.6 | 114.4 | 93.94 | 136.9 |
| Operating Margin | 13.43% | 17.07% | 15.74% | 16.11% | 13.47% | 18.07% |
| Earnings before Tax (EBT) 1 | 73 | 105 | 94.33 | 102.3 | 78.5 | 125.5 |
| Net income 1 | 56 | 77.98 | 71.4 | 76.44 | 54 | 89 |
| Net margin | 8.36% | 10.83% | 10.16% | 10.76% | 7.75% | 11.74% |
| EPS 2 | 0.2800 | 0.3774 | 0.3583 | 0.3735 | 0.2749 | 0.4355 |
| Dividend per Share 2 | 0.1300 | 0.1250 | 0.1250 | 0.1250 | 0.1275 | 0.1275 |
| Announcement Date | 5/20/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Net Debt 1 | - | 543 | 392 | 191 |
| Net Cash position 1 | - | - | - | - |
| Leverage (Debt/EBITDA) | - | 0.8631 x | 0.5625 x | 0.2515 x |
| Free Cash Flow 1 | - | 248 | 290 | 337 |
| ROE (net income / shareholders' equity) | - | 37.6% | 32.5% | 28.9% |
| ROA (Net income/ Total Assets) | - | 9.81% | 9.8% | 10.2% |
| Assets 1 | - | 2,864 | 3,004 | 3,132 |
| Book Value Per Share 2 | - | 4.100 | 5.070 | 6.130 |
| Cash Flow per Share 2 | - | 2.180 | 2.730 | - |
| Capex 1 | - | 219 | 238 | 240 |
| Capex / Sales | - | 7.79% | 8.07% | 7.69% |
| Announcement Date | 2/29/24 | - | - | - |
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
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
12
Last Close Price
45.12
USD
Average target price
41.75
USD
Spread / Average Target
-7.46%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +12.27% | 17.28B | |
| -21.69% | 2.56B | |
| -23.62% | 2.33B | |
| -23.43% | 1.93B | |
| +34.60% | 1.11B | |
| -18.96% | 926M | |
| -0.21% | 750M | |
| -32.02% | 632M | |
| -37.60% | 554M |
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