Unitedhealth Group Inc

Health Care
Medical Specialities
www.unitedhealthgroup.com

Earnings Score
Moat Score
Safety Score
Final Score

Market Cap $490.97B
PE 34
Debt $78.01B
Cash $32.40B
EV $536.58B
FCF $13.10B

Earnings

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Sales & Net Margins

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Earnings	$14.32B
EBIT	$32.20B
ROE	14%
ROA	11%
FCF	$13.10B
Equity	$99.88B
Growth Stability	100%
PE	34.29
PEG	8.45
PB	4.92
P/FCF	37.49
P/S	1.25
Price/Cash	0.07
Debt/Equity	0.78
Debt/FCF	5.96
Net Margins	3%
Gross Margins	89%
Op. Margins	8%
Earnings CAGR	14%
Sales Growth YoY	9%
Sales Growth QoQ	2%
Sales CAGR	10%
FCF CAGR	10%
Equity CAGR	13%
Earnings Stability	0.77
Earnings Growth YoY	4%
Earnings Growth QoQ	44%
Earnings CAGR 5Y	4%

Sales CAGR 5Y	12%
FCF CAGR 5Y	-4%
Equity CAGR 5Y	11%
Earnings CAGR 3Y	13%
Sales CAGR 3Y	13%
FCF CAGR 3Y	-24%
Equity CAGR 3Y	11%
Market Cap	$490.97B
Revenue	$393.90B
Dividend Yield	1%
Payout Ratio	51%
Assets	$299.31B
Total Debt	$78.01B
Cash	$32.40B
Shares Outstanding	922M
EV	536.58B
Earnings Score	92%
Moat Score	85%
Safety Score	82%
Final Score	86%
Working Capital	-9.31B
Current Ratio	0.91
Gross Profit	$349.47B
Shares Growth 3y	-1%
Equity Growth QoQ	5%
Equity Growth YoY	12%

Assets & ROA

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Stockholders Equity & ROE

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UnitedHealth Group is one of the largest private health insurers, providing medical benefits to 50 million members globally, including 5 million outside the U.S. at the end of 2021. As a leader in employer-sponsored, self-directed, and government-backed insurance plans, UnitedHealth has obtained massive scale in managed care. Along with its insurance assets, UnitedHealth's continued investments in its Optum franchises have created a healthcare services colossus that spans everything from medical and pharmaceutical benefits to providing outpatient care and analytics to both affiliated and third-party customers.

SEC Filings

Direct access to Unitedhealth Group Inc (UNH) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Unitedhealth Group Inc compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Unitedhealth Group Inc compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 14%

Stability 77%

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Unitedhealth Group Inc Discounted Cash Flow

Fully customizable DCF calculator online for Unitedhealth Group Inc.

Years

Calculation mode

= $260B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$13B	$14B	$16B	$17B	$19B	$21B	$23B	$25B	$28B	$31B	$34B	$337B
DCF		$13B	$13B	$13B	$13B	$13B	$13B	$13B	$13B	$13B	$13B	$130B
Value	$260B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	4%	4%	5%	5%	6%	6%	6%	6%	6%	3%
ROA	-	11%	11%	11%	11%	11%	11%	12%	12%	11%
ROE	-	18%	21%	22%	23%	23%	23%	25%	24%	14%

Bad Net Margins (2.96%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	4.08	2.74	2.68	2.48	2.16	2.31	2.46	2.44	5.96
Debt over Equity	0.95	0.86	0.64	0.67	0.67	0.64	0.61	0.71	0.66	0.78
Growth Stability	-	-	-	100%	100%	100%	100%	100%	100%	100%

Bad Debt/FCF ratio (5.96)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Good Debt/Equity ratio (0.78)

The company is not overleveraged and has a good balance between equity and debt.

Good Graham’s Stability (100%)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	18%	9%	12%	7%	6%	12%	13%	15%	12%
Earnings YoY growth	-	21%	50%	14%	15%	11%	12%	16%	11%	4%
Equity YoY growth	-	13%	31%	9%	11%	13%	10%	9%	16%	11%
FCF YoY growth	-	-1%	43%	18%	20%	23%	-1%	18%	10%	-4%