UAL · United Airlines Holdings, Inc.

$136.112026-07-21

Sector: Industrials; Industry: Airlines, Airports & Air Services; Sub-Industry: Passenger Airlines

Intrinsic Value Range Comparison · Mulya.ai

Leases factored

Bull

$78

-42.5% vs market

Base · active

$58

-57.5% vs market

Bear

$40

-70.3% vs market

Mulya.ai vs Analyst IV Comparison?

Bear $40

Base $58

Bull $78

Median $135

Market $136

Market Price $136

Mulya.ai Base $58

Analysts Median $135

Mulya.ai IV range ($40 · $78)

Analysts Range ($112 · $182)

Fundamentals · historical + forward · base

italics = DCF projection

Period	Revenue	Rev Gr ?	Ops M% ?	Tax Rate ?	NOPAT ?	Reinvest ?	FCFF ?	WACC% ?	PV FCFF ?	ROIC ?	Inv. Cap ?	EPS ?	P/E
2024.Q1	$53.7B	—	8.5%	22.8%	$3.5B	−$8.2B	−$4.7B	9.1%	—	12.7%	$27.7B	$8.01	—
2024.Q4	$53.7B	0.0%	8.5%	24.5%	$3.5B	−$8.4B	−$4.9B	9.6%	—	11.6%	$32.1B	$8.01	—
2025.Q1	$57.1B	6.2%	9.7%	23.9%	$4.2B	−$7.7B	−$3.5B	9.3%	—	13.3%	$31.2B	$9.64	—
2025.Q4	$57.1B	0.0%	9.7%	22.1%	$4.3B	−$11.6B	−$7.3B	9.8%	—	13.1%	$34.4B	$9.64	—
2026.Q1	$60.5B	6.0%	9.2%	22.0%	$4.3B	−$9.1B	−$4.8B	9.1%	—	12.9%	$32.4B	$11.21	8.0
italics below = DCF projection · 10yr Rev CAGR: 5.9%
2027.Q1	$67.8B	+12.1%	10.0%	21.8%	$5.3B	−$8.9B	−$3.6B	9.4%	−$3.3B	14.3%	$41.3B	$13.68	9.9
2028.Q1	$71.1B	+4.9%	9.3%	21.6%	$5.2B	−$2.8B	$2.4B	9.3%	$2.0B	12.2%	$44.2B	$13.68	9.9
2029.Q1	$75.1B	+5.8%	8.8%	21.4%	$5.2B	−$2.7B	$2.5B	9.3%	$1.9B	11.3%	$46.9B	$13.76	9.9
2030.Q1	$79.8B	+6.2%	8.1%	21.2%	$5.1B	−$4.7B	$438MM	9.2%	$307MM	10.4%	$51.5B	$13.86	9.8
2031.Q1	$84.5B	+5.9%	6.9%	21.0%	$4.6B	−$4.5B	$171MM	9.1%	$110MM	8.6%	$56.0B	$13.03	10.4

Term. Yr+	$111.3B	4.1%	6.9%	20.0%	$6.2B	−$2.9B	$3.2B	8.6%	$30.2B	8.6%	—	—	—

Active scenario IV: $58 (-57.5% vs market)