UL Solutions Inc.

UL Solutions Inc.

ULSยทNYSE

$98.03

-1.9%
IndustrialsSpecialty Business Services

UL Solutions Inc. provides safety science services worldwide. It operates through three segments: Industrial, Consumer, and Software and Advisory. The Industrial segment provides testing, inspection, and certification services across various end markets, including energy, industrial automation, engineered materials, and built environment, as well as stakeholders, such as manufacturers, building owners, end users, and regulators. The Consumer segment offers safety certification testing, ongoing certification, global market access, testing for connectivity, performance and quality, and critical systems advisory and training services, as well as product market acceptance and risk mitigation services for customers in the consumer products end markets comprising consumer electronics, medical devices, information technologies, appliances, HVAC, lighting, and retail, as well as consumer applications, such as new mobility, smart products, and 5G. The Software and Advisory segment provide software and technical advisory services that enable customers to manage regulatory requirements, deliver supply chain transparency, and operationalize sustainability for regulated industries, including life sciences, supply chain regulations, transparency needs, and new ESG and sustainability requirements. It offers ULTRUS software brand to help customers improve speed to market, sustainability and safety. UL Solutions Inc. was formerly known as UL Inc. and changed its name to UL Solutions Inc. in June 2022. The company was founded in 1894 and is headquartered in Northbrook, Illinois with additional offices in North America, Asia Pacific, Africa, Europe, Latin America, and Middle East. UL Solutions Inc. operates as a subsidiary of ULSE Inc.

At a Glance

Live Snapshot
Market Cap$19.73B
EPS1.6200
P/E Ratio60.51
Earnings Date08/04/2026
UL Solutions Inc.

UL Solutions Inc. Fair Value Envelope

ULS ยท NYSE

Our analysis suggests that ULS has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $98.03, this represents a potential HIDDEN relative to our calculated worth for UL Solutions Inc..

Intrinsic Value
Current Price: $98.03

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$162.6B
+ Cash & Equivalents$295.0M
Firm Value$162.9B
- Debt$832.0M
Equity Value$162.1B
/ Shares Outstanding200,945,626B
DCF Value$807
UNDERVALUED BY 723%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$842.5M
$1.2B
$1.7B
$2.3B
$3.3B
$4.6B
$6.5B
$9.1B
$12.7B
$17.9B
Maintenance CapEx
-$55.3M
-$77.7M
-$109.1M
-$153.2M
-$215.1M
-$302.0M
-$424.1M
-$595.5M
-$836.2M
-$1.2B
Owner Earnings
$787.2M
$1.1B
$1.6B
$2.2B
$3.1B
$4.3B
$6.0B
$8.5B
$11.9B
$16.7B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$728.9M
$947.7M
$1.2B
$1.6B
$2.1B
$2.7B
$3.5B
$4.6B
$6.0B
$7.7B
Terminal Value represents 80.9% of Enterprise Value