UL Solutions: Initiating Coverage With Narrow Moat Rating; $38 Fair Value Estimate
We initiate coverage of UL Solutions with a narrow moat rating and a $38 per share fair value estimate. We view shares as fairly valued.
We initiate coverage of UL Solutions with a narrow moat rating and a $38 per share fair value estimate. We view shares as fairly valued.
The size of the global TIC market is growing as regulations increase and end-users’ demands for ESG compliance and product transparency heighten.
Competitors are also expanding their portfolio and global scale as they pursue market share and may eat into UL Solutions’ customer base.
Metric
|
ULS
|
BVI
|
ITRK
|
---|---|---|---|
Price/Earnings (Normalized) | 27.72 | 20.32 | 20.49 |
Price/Book Value | 12.54 | 6.16 | 5.78 |
Price/Sales | 3.10 | 2.05 | 2.31 |
Price/Cash Flow | 17.18 | 14.04 | 14.65 |
Metric
|
ULS
|
BVI
|
ITRK
|
---|---|---|---|
Quick Ratio | 1.17 | 1.67 | 1.02 |
Current Ratio | 1.27 | 1.67 | 1.09 |
Interest Coverage | 8.98 | 8.40 | 10.40 |
Metric
|
ULS
|
BVI
|
ITRK
|
---|---|---|---|
Return on Assets (Normalized) | 11.36% | 8.25% | 10.16% |
Return on Equity (Normalized) | 33.68% | 31.39% | 28.28% |
Return on Invested Capital (Normalized) | 19.32% | 12.79% | 14.92% |
1-Day Chart
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