Company Valuation: United Parcel Service, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 186,292 150,357 133,948 107,610 84,151 100,063 - -
Change - -19.29% -10.91% -19.66% -21.8% 18.91% - -
Enterprise Value (EV) 1 197,952 164,417 150,140 122,576 102,391 119,420 118,789 117,697
Change - -16.94% -8.68% -18.36% -16.47% 16.63% -0.53% -0.92%
P/E 14.6x 13.2x 20.2x 18.7x 15.1x 16.7x 14.7x 13.9x
PBR 13.1x 7.68x 7.81x 6.45x 5.19x 6.56x 6.58x 5.95x
PEG - -1.3x -0.5x -1.4x -5.36x 2.15x 1.1x 2.53x
Capitalization / Revenue 1.91x 1.5x 1.47x 1.18x 0.95x 1.11x 1.06x 1.03x
EV / Revenue 2.03x 1.64x 1.65x 1.35x 1.15x 1.32x 1.26x 1.21x
EV / EBITDA 12.3x 9.69x 11.3x 9.8x 8.25x 9.62x 8.85x 8.41x
EV / EBIT 15.1x 11.9x 15.2x 13.8x 11.8x 13.9x 12.4x 11.7x
EV / FCF 18.3x 17.6x 29.6x 19.7x 21.5x 20.6x 16.6x 19.5x
FCF Yield 5.46% 5.68% 3.38% 5.07% 4.65% 4.86% 6.03% 5.12%
Dividend per Share 2 4.58 6.18 6.48 6.52 6.56 6.561 6.581 6.69
Rate of return 2.14% 3.55% 4.12% 5.17% 6.61% 5.57% 5.59% 5.68%
EPS 2 14.68 13.2 7.8 6.75 6.56 7.069 8.005 8.444
Distribution rate 31.2% 46.8% 83.1% 96.6% 100% 92.8% 82.2% 79.2%
Net sales 1 97,287 100,338 90,958 91,070 88,661 90,349 94,148 96,929
EBITDA 1 16,097 16,965 13,239 12,503 12,407 12,410 13,420 13,992
EBIT 1 13,144 13,853 9,873 8,894 8,661 8,575 9,573 10,026
Net income 1 12,890 11,548 6,708 5,782 5,572 6,018 6,664 6,608
Net Debt 1 11,660 14,060 16,192 14,966 18,240 19,357 18,726 17,635
Reference price 2 214.34 173.84 157.23 126.10 99.19 117.72 117.72 117.72
Nbr of stocks (in thousands) 869,142 864,918 851,926 853,370 848,386 850,006 - -
Announcement Date 2/1/22 1/31/23 1/30/24 1/30/25 1/27/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
16.65x1.32x9.62x5.57% 100B
16.65x1.02x7.5x3.48% 72.1B
26.58x1.95x18.52x0.9% 23.91B
19.86x0.71x8.1x-.--% 11.28B
25.99x2.47x9.23x-.--% 8.84B
29.53x0.57x8.42x-.--% 6.22B
15.75x0.72x8.11x3.33% 5.95B
8.78x0.28x5.37x8.05% 5.32B
36.29x0.34x6.95x2.32% 3.91B
Average 21.79x 1.04x 9.09x 2.63% 26.4B
Weighted average by Cap. 18.61x 1.23x 9.58x 3.79%

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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