Company Valuation: Union Pacific Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 161,960 133,120 149,729 138,251 137,210 150,923 - -
Change - -17.81% 12.48% -7.67% -0.75% 9.99% - -
Enterprise Value (EV) 1 190,683 165,427 181,237 168,407 167,758 178,222 175,140 176,274
Change - -13.24% 9.56% -7.08% -0.39% 6.24% -1.73% 0.65%
P/E ratio 25.3x 18.5x 23.5x 20.6x 19.3x 20.5x 18.8x 17.4x
PBR 11.6x 10.6x 10.1x 8.22x 7.46x 6.82x 5.64x 4.88x
PEG - 1.5x -3.47x 3.36x 2.4x 5.84x 2.03x 2.13x
Capitalization / Revenue 7.43x 5.35x 6.21x 5.7x 5.6x 5.96x 5.68x 4.99x
EV / Revenue 8.75x 6.65x 7.51x 6.94x 6.84x 7.04x 6.59x 5.82x
EV / EBITDA 16.5x 13.6x 15.9x 13.9x 13.6x 13.5x 12.4x 11x
EV / EBIT 20.4x 16.7x 20x 17.3x 17x 16.9x 15.4x 13.5x
EV / FCF 31.3x 28.8x 38x 28.6x 30.5x 26.2x 23.5x 104x
FCF Yield 3.2% 3.47% 2.63% 3.5% 3.28% 3.81% 4.26% 0.96%
Dividend per Share 2 4.29 5.08 5.2 5.28 5.44 5.546 5.727 6.337
Rate of return 1.7% 2.45% 2.12% 2.32% 2.35% 2.18% 2.25% 2.49%
EPS 2 9.95 11.21 10.45 11.09 11.98 12.4 13.55 14.66
Distribution rate 43.1% 45.3% 49.8% 47.6% 45.4% 44.7% 42.3% 43.2%
Net sales 1 21,804 24,875 24,119 24,250 24,510 25,308 26,569 30,265
EBITDA 1 11,546 12,163 11,400 12,111 12,311 13,207 14,113 16,077
EBIT 1 9,338 9,917 9,082 9,713 9,846 10,564 11,375 13,037
Net income 1 6,523 6,998 6,379 6,747 7,138 7,354 8,001 9,162
Net Debt 1 28,723 32,307 31,508 30,156 30,548 27,299 24,216 25,351
Reference price 2 251.93 207.07 245.62 228.04 231.32 254.34 254.34 254.34
Nbr of stocks (in thousands) 642,876 642,876 609,597 606,257 593,161 593,391 - -
Announcement Date 1/20/22 1/24/23 1/25/24 1/23/25 1/27/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
20.51x7.04x13.49x2.18% 151B
25.7x6.66x14.56x1.28% 75.82B
24.05x6.87x14.94x1.77% 68.61B
14.12x0.92x4.81x4.15% 14.81B
29.58x3.81x17.24x2.02% 4.31B
14.84x2.78x6.67x5.43% 4.36B
Average 21.47x 4.68x 11.95x 2.8% 53.14B
Weighted average by Cap. 22.25x 6.53x 13.61x 2.01%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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