Company Valuation: Union Pacific Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 161,960 133,120 149,729 138,251 137,210 170,372 - -
Change - -17.81% 12.48% -7.67% -0.75% 24.17% - -
Enterprise Value (EV) 1 190,683 165,427 181,237 168,407 167,758 197,263 194,229 192,769
Change - -13.24% 9.56% -7.08% -0.39% 17.59% -1.54% -0.75%
P/E 25.3x 18.5x 23.5x 20.6x 19.3x 23x 20.9x 19x
PBR 11.6x 10.6x 10.1x 8.22x 7.46x 7.57x 6.44x 5.72x
PEG - 1.5x -3.47x 3.36x 2.4x 5.51x 2.1x 1.9x
Capitalization / Revenue 7.43x 5.35x 6.21x 5.7x 5.6x 6.51x 6.23x 5.99x
EV / Revenue 8.75x 6.65x 7.51x 6.94x 6.84x 7.53x 7.1x 6.78x
EV / EBITDA 16.5x 13.6x 15.9x 13.9x 13.6x 14.8x 13.6x 12.9x
EV / EBIT 20.4x 16.7x 20x 17.3x 17x 18.5x 16.8x 15.7x
EV / FCF 31.3x 28.8x 38x 28.6x 30.5x 28.4x 25.9x 24.1x
FCF Yield 3.2% 3.47% 2.63% 3.5% 3.28% 3.52% 3.86% 4.15%
Dividend per Share 2 4.29 5.08 5.2 5.28 5.44 5.55 5.745 6.161
Rate of return 1.7% 2.45% 2.12% 2.32% 2.35% 1.93% 2% 2.15%
EPS 2 9.95 11.21 10.45 11.09 11.98 12.48 13.73 15.11
Distribution rate 43.1% 45.3% 49.8% 47.6% 45.4% 44.5% 41.8% 40.8%
Net sales 1 21,804 24,875 24,119 24,250 24,510 26,190 27,337 28,436
EBITDA 1 11,546 12,163 11,400 12,111 12,311 13,331 14,259 14,989
EBIT 1 9,338 9,917 9,082 9,713 9,846 10,691 11,527 12,297
Net income 1 6,523 6,998 6,379 6,747 7,138 7,400 8,132 8,822
Net Debt 1 28,723 32,307 31,508 30,156 30,548 26,891 23,857 22,397
Reference price 2 251.93 207.07 245.62 228.04 231.32 286.96 286.96 286.96
Nbr of stocks (in thousands) 642,876 642,876 609,597 606,257 593,161 593,713 - -
Announcement Date 1/20/22 1/24/23 1/25/24 1/23/25 1/27/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
22.99x7.53x14.8x1.93% 170B
25.49x7.32x15.4x1.14% 91.81B
27.24x6.87x15.45x1.65% 73.55B
12.51x0.84x4.51x4.81% 13.88B
17.05x2.96x7.16x5.4% 4.87B
26.8x3.41x15.55x2.22% 3.7B
-1.75x - - 2.64% 536M
Average 18.62x 4.82x 12.14x 2.83% 51.25B
Weighted average by Cap. 24.02x 6.98x 14.59x 1.84%

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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