UL Solutions (ULS US)
ULS US$72.40
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Performance
Share price activity
- Last (Price)
- 72.40
- Change
- ▲ 0.20 (0.28)
- Bid / Ask
- 0.00 - 0.00
- Volume
- 146,387
- Turnover
- 8,904,380
- Open
- 72.08
- Day Range
- 71.78 - 73.08
- VWAP
- 72.37
- Prev Close
- 72.20
- Last Trade
- 28/10 4:10pm
Key information
- Sector
- Industrials
- Shares Issued
- 78,143,173
- NTA/Share
- 2.41
- Last Dividend
- 0.15
- Dividend Ex Date
- 31 AUG 2026
- Dividend Pay Date
- 10 SEP 2026
Current (USD) · FY2025
- Revenue
- 3,053.00
- EBITDA
- 695.00
- Profit
- 325.00
- Earnings Per Share (EPS)
- 1.60
- Dividend Per Share (DPS)
- 0.52
- Yield %
- 0.78
- Market Cap
- 14,617.43
- Price to Earnings Ratio (P/E)
- 29.19
Estimates (USD) · FY2027
- Revenue
- 3,390.67
- EBITDA
- 925.00
- Profit
- 537.25
- Earnings Per Share (EPS)
- 2.63
- Dividend Per Share (DPS)
- 0.63
Quantitative rating
Fairly valued
- Economic Moat
- Narrow
- Financial Health
- Moderate
- Uncertainty
- Medium
Morningstar Quantitative Rating as of 28 OCT 2026.
Quantitative Equity Rating Methodology – view here
Fair value estimate
Five-star price 64.37 Fair value 72.40 One-star price 81.44
Morningstar Quantitative Rating as of 28 OCT 2026.
Quantitative valuation
- Fair Value
- 72.40
- Price / Fair Value
- 1.00
- Valuation
- Fairly valued
- Uncertainty
- Medium
Morningstar Quantitative Rating as of 28 OCT 2026. The slider runs from the five-star price (64.37) to the one-star price (81.44).
| Ratios |
|---|
| Currency (Price/reporting): USD/USD |
| Exchange Rate: 1.0000 |
| Price - closing or last bid | 72.40 |
| Price - 12 month high | 107.54 |
| Price - 12 month low | 63.28 |
| Pricing date | 27 OCT 2026 |
| Volume - avg. trading volume for the last ten days | 0.94 |
| Market capitalization | 5,657.57 |
| 12 Month High price date | 6 MAY 2026 |
| 12 Month Low price date | 17 SEP 2026 |
| Volume - avg. trading volume for the last 3 months | 0.96 |
| Price - 1 Day % Change | 0.28% |
| Price - 13 week price percent change | -21.03% |
| Price - 26 week price percent change | -18.00% |
| Price - 5 Day % Change | -2.53% |
| Price - 52 week price percent change | -10.71% |
| Price - YTD price percent change | -9.84% |
| Price % Change Month To Date | 11.73% |
| EPS excluding extraordinary items - most recent fiscal year | 1.600 |
| EPS excluding extraordinary items - trailing 12 month | 2.480 |
| EPS Normalized - most recent fiscal year | 1.990 |
| Revenue/share - most recent fiscal year | 15.039 |
| Revenue/share - trailing 12 month | 15.459 |
| Book value per share - most recent fiscal year | 6.278 |
| Book value per share - most recent quarter | 7.900 |
| Book value (tangible) per share - most recent fiscal year | 2.413 |
| Book value (tangible) per share - most recent quarter | 4.195 |
| Cash per share - most recent fiscal year | 1.467 |
| Cash per share - most recent quarter | 2.150 |
| Cash Flow per share - most recent fiscal year | 3.010 |
| Cash Flow per share - trailing 12 month | 3.209 |
| Dividend per share - most recent fiscal year | 0.520 |
| Dividends per share - trailing 12 month | 0.565 |
| EBITD per share - trailing 12 month | 4.600 |
| EPS Basic excluding extraordinary items - most recent fiscal year | 1.620 |
| EPS Basic excluding extraordinary items - trailing 12 month | 2.530 |
| EPS including extraordinary items - most recent fiscal year | 1.620 |
| EPS including extraordinary items - trailing 12 month | 2.520 |
| Free Cash Flow per share - trailing 12 month | 2.020 |
| P/E excluding extraordinary items, most recent fiscal year | 29.19 |
| P/E Normalized, most recent fiscal year | 33.21 |
| Price to sales - most recent fiscal year | 4.68 |
| Price to Tangible Book - most fiscal year | 17.78 |
| Price to Free Cash Flow per Share - most recent fiscal year | 35.85 |
| Price to Cash Flow per share - trailing 12 month | 22.56 |
| Price to Book - most recent fiscal year | 9.16 |
| P/E excluding extraordinary items high, trailing 12 months | 60.98 |
| P/E excluding extraordinary items low, trailing 12 months | 25.82 |
| Net Debt, LFI | 42.00 |
| Net Debt, LFY | 388.00 |
| Dividend Yield - 5 Year Average | — |
| Dividend Yield - indicated annual dividend divided by closing price | 0.78% |
| Current Dividend Yield - Common Stock Primary Issue, LTM | 0.78% |
| Free Cash Flow - most recent fiscal year | 414.00 |
| LT debt/equity - most recent fiscal year | 49.46% |
| Payout ratio - most recent fiscal year | 32.50% |
| Total debt/total equity - most recent fiscal year | 52.78% |
| LT debt/equity - most recent quarter | 26.98% |
| Total debt/total equity - most recent quarter | 29.38% |
| Free Cash Flow - trailing 12 month | 411.00 |
| Payout ratio - trailing 12 month | 22.27% |
| Revenue - most recent fiscal year | 3,053.00 |
| Revenue - trailing 12 month | 3,146.00 |
| EBITD - most recent fiscal year | 695.00 |
| EBITD - trailing 12 month | 936.00 |
| Earnings before taxes - most recent fiscal year | 470.00 |
| Earnings before taxes - trailing 12 month | 719.00 |
| Net Income available to common - most recent fiscal year | 325.00 |
| Net Income available to common - trailing 12 months | 506.00 |
| Earnings before taxes Normalized - most recent fiscal year | 562.00 |
| Net Income Available to Common, Normalized - most recent fiscal year | 423.00 |
| Earnings per Share, Normalized, Excluding Extraordinary Items, Avg. Diluted Shares Outstanding, TTM | 2.18 |
| Net Profit Margin % - 1st historical fiscal year | 11.30% |
| Net Profit Margin % - trailing 12 month | 16.82% |
| Operating margin - 1st historical fiscal year | 18.24% |
| Operating margin - trailing 12 month | 18.98% |
| Pretax margin - trailing 12 month | 22.85% |
| Pretax margin - 1st historical fiscal year | 15.39% |
| Operating Margin - 5 year average | 15.47% |
| Pretax Margin - 5 year average | 13.77% |
| Free Operating Cash Flow/Revenue, 5 Year Average | 11.37% |
| Free Operating Cash Flow/Revenue, TTM | 13.06% |
| Net Profit Margin - 5 year average | 11.07% |
| Return on average assets - most recent fiscal year | 11.96% |
| Return on average assets - trailing 12 month | 17.85% |
| Return on average equity - most recent fiscal year | 31.81% |
| Return on average equity - trailing 12 month | 40.93% |
| Return on average assets - 5 year average | 11.16% |
| Return on average equity - 5 year average | 30.70% |
| Net Income/employee - most recent fiscal year | 23,651.20 |
| Revenue/employee - most recent fiscal year | 209,295.95 |
| Revenue growth rate, 5 year | 5.82% |
| EPS growth rate, 5 year | 6.74% |
| Growth rate% - dividend, 3 year | — |
| Revenue/share (5 yr growth) | 5.50% |
| Growth rate% - Revenue, 3 year | 6.60% |
| Growth rate% - EPS, 3 year | 2.98% |
| Book value per share growth rate, 5 year | — |
| Capital Spending growth rate, 5 year | 10.61% |
| Earnings Before Interest, Taxes, Depreciation & Amortization, 5 Year CAGR | 7.64% |
Financial forecast (USD, millions except per share)
| Actuals | Estimates | |||||||
| 2025 | 2026 | 2027 | 2028 | 2029 | ||||
| Estimate breakdown | ||||||||
Financials (USD, millions)
| Period end: | DEC 21 | DEC 22 | DEC 23 | DEC 24 | DEC 25 |
| Fiscal year: | 2021 | 2022 | 2023 | 2024 | 2025 |
| Period length: | 12 months | 12 months | 12 months | 12 months | 12 months |
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Business Summary
UL Solutions is a global leader specializing in a broad range of product testing, inspection, and certification services. UL Solutions is the for-profit branch out of three organizations under the UL Enterprise. TIC operations make up nearly all of UL Solutions' total revenue and are composed of two segments: industrial and consumer. UL Solutions' remaining business includes software and advisory, which complements its core TIC offerings. The firm operates globally.