(ULS) UL Solutions - Overview
Stock: Testing, Certification, Advisory, Software, Compliance
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 0.77% |
| Yield on Cost 5y | 1.51% |
| Yield CAGR 5y | 38.67% |
| Payout Consistency | 100.0% |
| Payout Ratio | 35.9% |
| Risk 5d forecast | |
|---|---|
| Volatility | 32.4% |
| Relative Tail Risk | -8.79% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.84 |
| Alpha | 19.57 |
| Character TTM | |
|---|---|
| Beta | 0.579 |
| Beta Downside | 0.492 |
| Drawdowns 3y | |
|---|---|
| Max DD | 23.98% |
| CAGR/Max DD | 2.08 |
Description: ULS UL Solutions January 03, 2026
UL Solutions Inc. (NYSE: ULS) delivers testing, inspection, certification, and related software and advisory services worldwide through three operating segments: Industrial, Consumer, and Software & Advisory. The Industrial segment serves energy, automation, engineered materials, and built-environment markets, helping manufacturers, owners, regulators, and end-users meet safety and performance standards. The Consumer segment focuses on safety certification, connectivity testing, and risk-mitigation for products such as electronics, medical devices, appliances, HVAC, lighting, and emerging categories like new-mobility, smart-home and 5G devices. The Software & Advisory segment offers platforms such as ULTRUS to manage regulatory compliance, supply-chain transparency, and sustainability reporting.
Key metrics (Q4 2023) show UL Solutions generating $1.3 billion in annual revenue, with the Software & Advisory segment growing at a 12-% year-over-year compound rate-driven by rising ESG disclosure requirements and tighter supply-chain traceability mandates. The broader testing and certification market is expanding at ~5 % CAGR, buoyed by increased product complexity, stricter global regulations, and accelerated digital transformation in manufacturing.
Investors should monitor macro-level drivers such as the U.S. Infrastructure Bill and EU Green Deal, which are expected to raise demand for compliance services across energy and construction sectors; a sustained uptick in consumer-electronics launches (especially 5G and IoT) also fuels the Consumer segment’s pipeline.
For a deeper, data-rich perspective on UL Solutions’ valuation and risk profile, a quick look at ValueRay’s analyst toolkit can be a useful next step.
Piotroski VR‑10 (Strict, 0-10) 8.0
| Net Income: 339.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.13 > 0.02 and ΔFCF/TA 3.62 > 1.0 |
| NWC/Revenue: 8.19% < 20% (prev 8.24%; Δ -0.05% < -1%) |
| CFO/TA 0.20 > 3% & CFO 586.0m > Net Income 339.0m |
| Net Debt (481.0m) to EBITDA (686.0m): 0.70 < 3 |
| Current Ratio: 1.33 > 1.5 & < 3 |
| Outstanding Shares: last quarter (203.0m) vs 12m ago 1.49% < -2% |
| Gross Margin: 48.68% > 18% (prev 0.48%; Δ 4820 % > 0.5%) |
| Asset Turnover: 104.0% > 50% (prev 97.84%; Δ 6.16% > 0%) |
| Interest Coverage Ratio: 11.16 > 6 (EBITDA TTM 686.0m / Interest Expense TTM 45.0m) |
Altman Z'' 2.41
| A: 0.08 (Total Current Assets 995.0m - Total Current Liabilities 749.0m) / Total Assets 2.90b |
| B: 0.15 (Retained Earnings 429.0m / Total Assets 2.90b) |
| C: 0.17 (EBIT TTM 502.0m / Avg Total Assets 2.89b) |
| D: 0.19 (Book Value of Equity 327.1m / Total Liabilities 1.68b) |
| Altman-Z'' Score: 2.41 = A |
Beneish M -3.13
| DSRI: 0.97 (Receivables 623.0m/603.0m, Revenue 3.00b/2.81b) |
| GMI: 0.99 (GM 48.68% / 48.31%) |
| AQI: 0.94 (AQ_t 0.36 / AQ_t-1 0.39) |
| SGI: 1.07 (Revenue 3.00b / 2.81b) |
| TATA: -0.09 (NI 339.0m - CFO 586.0m) / TA 2.90b) |
| Beneish M-Score: -3.13 (Cap -4..+1) = AA |
What is the price of ULS shares?
Over the past week, the price has changed by +1.79%, over one month by -15.42%, over three months by -16.44% and over the past year by +32.42%.
Is ULS a buy, sell or hold?
- StrongBuy: 4
- Buy: 2
- Hold: 4
- Sell: 1
- StrongSell: 0
What are the forecasts/targets for the ULS price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 90.6 | 26.7% |
| Analysts Target Price | 90.6 | 26.7% |
| ValueRay Target Price | 79.9 | 11.7% |
ULS Fundamental Data Overview February 07, 2026
P/E Forward = 34.6021
P/S = 4.6414
P/B = 12.1062
P/EG = 2.2737
Revenue TTM = 3.00b USD
EBIT TTM = 502.0m USD
EBITDA TTM = 686.0m USD
Long Term Debt = 544.0m USD (from longTermDebt, last quarter)
Short Term Debt = 42.0m USD (from shortTermDebt, last quarter)
Debt = 736.0m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 481.0m USD (from netDebt column, last quarter)
Enterprise Value = 14.42b USD (13.94b + Debt 736.0m - CCE 255.0m)
Interest Coverage Ratio = 11.16 (Ebit TTM 502.0m / Interest Expense TTM 45.0m)
EV/FCF = 37.07x (Enterprise Value 14.42b / FCF TTM 389.0m)
FCF Yield = 2.70% (FCF TTM 389.0m / Enterprise Value 14.42b)
FCF Margin = 12.95% (FCF TTM 389.0m / Revenue TTM 3.00b)
Net Margin = 11.29% (Net Income TTM 339.0m / Revenue TTM 3.00b)
Gross Margin = 48.68% ((Revenue TTM 3.00b - Cost of Revenue TTM 1.54b) / Revenue TTM)
Gross Margin QoQ = 50.32% (prev 48.97%)
Tobins Q-Ratio = 4.98 (Enterprise Value 14.42b / Total Assets 2.90b)
Interest Expense / Debt = 1.36% (Interest Expense 10.0m / Debt 736.0m)
Taxrate = 27.40% (40.0m / 146.0m)
NOPAT = 364.5m (EBIT 502.0m * (1 - 27.40%))
Current Ratio = 1.33 (Total Current Assets 995.0m / Total Current Liabilities 749.0m)
Debt / Equity = 0.62 (Debt 736.0m / totalStockholderEquity, last quarter 1.19b)
Debt / EBITDA = 0.70 (Net Debt 481.0m / EBITDA 686.0m)
Debt / FCF = 1.24 (Net Debt 481.0m / FCF TTM 389.0m)
Total Stockholder Equity = 1.04b (last 4 quarters mean from totalStockholderEquity)
RoA = 11.74% (Net Income 339.0m / Total Assets 2.90b)
RoE = 32.60% (Net Income TTM 339.0m / Total Stockholder Equity 1.04b)
RoCE = 31.69% (EBIT 502.0m / Capital Employed (Equity 1.04b + L.T.Debt 544.0m))
RoIC = 21.74% (NOPAT 364.5m / Invested Capital 1.68b)
WACC = 7.70% (E(13.94b)/V(14.67b) * Re(8.05%) + D(736.0m)/V(14.67b) * Rd(1.36%) * (1-Tc(0.27)))
Discount Rate = 8.05% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 0.75%
[DCF Debug] Terminal Value 82.24% ; FCFF base≈346.2m ; Y1≈426.6m ; Y5≈724.9m
Fair Price DCF = 162.7 (EV 13.05b - Net Debt 481.0m = Equity 12.57b / Shares 77.3m; r=7.70% [WACC]; 5y FCF grow 24.86% → 2.90% )
EPS Correlation: -14.18 | EPS CAGR: -63.06% | SUE: -4.0 | # QB: 0
Revenue Correlation: 92.84 | Revenue CAGR: 6.75% | SUE: 0.60 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.42 | Chg30d=+0.001 | Revisions Net=+1 | Analysts=7
EPS next Year (2026-12-31): EPS=2.08 | Chg30d=+0.020 | Revisions Net=+2 | Growth EPS=+9.4% | Growth Revenue=+5.6%