Union Pacific Corp

Industrials
Railroads
www.up.com

Earnings Score
Moat Score
Safety Score

Market Cap $150.99B
PE 23
Debt $31.41B
Cash $947.00M
EV $181.45B
FCF $5.53B

Earnings

loading chart...

Sales & Net Margins

loading chart...

Earnings	$6.64B
EBIT	$9.60B
ROE	40%
ROA	14%
FCF	$5.53B
Equity	$16.58B
Growth Stability	71%
PE	22.75
PEG	5.25
PB	9.1
P/FCF	27.33
P/S	6.22
Price/Cash	0.01
Debt/Equity	1.89
Debt/FCF	5.69
Net Margins	27%
Op. Margins	40%
Earnings CAGR	3%
Sales Growth YoY	3%
Sales Growth QoQ	1%
Sales CAGR	2%
FCF CAGR	6%
Equity CAGR	-6%
Earnings Stability	0.06
Earnings Growth YoY	9%
Earnings Growth QoQ	-0%
Earnings CAGR 5Y	4%

Sales CAGR 5Y	5%
FCF CAGR 5Y	-2%
Equity CAGR 5Y	-3%
Earnings CAGR 3Y	3%
Sales CAGR 3Y	3%
FCF CAGR 3Y	-7%
Equity CAGR 3Y	11%
Market Cap	$150.99B
Revenue	$24.29B
Dividend Yield	2%
Payout Ratio	48%
Assets	$67.57B
Total Debt	$31.41B
Cash	$947.00M
Shares Outstanding	606.91M
EV	181.45B
Earnings Score	7%
Moat Score	96%
Safety Score	75%
Final Score	59%
Working Capital	-1.22B
Current Ratio	0.77
Shares Growth 3y	-2%
Equity Growth QoQ	1%
Equity Growth YoY	18%

Assets & ROA

loading chart...

Stockholders Equity & ROE

loading chart...

Omaha, Nebraska-based Union Pacific is the largest public railroad in North America. Operating on more than 30,000 miles of track in the western two thirds of the U.S., UP generated roughly $22 billion of revenue in 2021 by hauling coal, industrial products, intermodal containers, agriculture goods, chemicals, and automotive goods. UP owns about one fourth of Mexican railroad Ferromex and derives about 10% of its revenue hauling freight to and from Mexico.

SEC Filings

Direct access to Union Pacific Corp (UNP) 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 Union Pacific Corp compare to its competitors?

Loading chart...

Peter Lynch's Chart

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

CAGR 3%

Stability 6%

loading chart...

Union Pacific Corp Discounted Cash Flow

Fully customizable DCF calculator online for Union Pacific Corp.

Years

Calculation mode

= $81B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$5.5B	$5.8B	$6.2B	$6.5B	$6.9B	$7.3B	$7.7B	$8.1B	$8.6B	$9.1B	$9.6B	$96B
DCF		$5.3B	$5.1B	$4.9B	$4.7B	$4.5B	$4.3B	$4.2B	$4B	$3.8B	$3.7B	$37B
Value	$81B

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	22%	21%	50%	26%	27%	27%	30%	28%	26%	27%
ROA	-	13%	14%	15%	14%	13%	15%	15%	14%	14%
ROE	-	21%	43%	29%	33%	32%	46%	58%	43%	40%

Good Net Margins (27.5%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce 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	-	4.14	4.67	4.7	5.36	5.23	5.52	6.41	7.49	5.69
Debt over Equity	0.71	0.84	0.75	1.21	1.53	1.73	2.38	3.02	2.42	1.89
Growth Stability	-	-	-	91%	85%	71%	100%	100%	100%	71%

Bad Debt/FCF ratio (5.69)

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

Bad Debt/Equity ratio (1.89)

The company is overleveraged and has a bad balance between equity and debt.

Bad Graham’s Stability (71%)

The company has a bad stability in its earnings, which is a sign of a bad 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	-	-9%	7%	7%	-5%	-10%	12%	14%	-3%	5%
Earnings YoY growth	-	-11%	153%	-44%	-1%	-10%	22%	7%	-9%	4%
Equity YoY growth	-	-4%	25%	-18%	-11%	-6%	-16%	-14%	22%	-3%
FCF YoY growth	-	49%	-1%	31%	-2%	9%	9%	-6%	-17%	-2%