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Industrials - Specialty Business Services - NYSE - US
$ 70.68
-0.268 %
$ 14.2 B
Market Cap
42.32
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Jul, 6, 2025.

The intrinsic value of one ULS stock under the worst case scenario is HIDDEN Compared to the current market price of 70.7 USD, UL Solutions Inc. is HIDDEN

This DCF valuation model was last updated on Jul, 6, 2025.

The intrinsic value of one ULS stock under the base case scenario is HIDDEN Compared to the current market price of 70.7 USD, UL Solutions Inc. is HIDDEN

This DCF valuation model was last updated on Jul, 6, 2025.

The intrinsic value of one ULS stock under the best case scenario is HIDDEN Compared to the current market price of 70.7 USD, UL Solutions Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart ULS

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$75.0$75.0$70.0$70.0$65.0$65.0$60.0$60.0$55.0$55.0$50.0$50.0$45.0$45.015 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '2515 Apr15 AprMay '25May '2515 May15 MayJun '25Jun '2515 Jun15 JunJul '25Jul '25
FINANCIALS
2.87 B REVENUE
7.17%
462 M OPERATING INCOME
25.54%
345 M NET INCOME
32.69%
524 M OPERATING CASH FLOW
12.21%
-234 M INVESTING CASH FLOW
-33.71%
-284 M FINANCING CASH FLOW
3.40%
705 M REVENUE
-4.60%
109 M OPERATING INCOME
-5.22%
71 M NET INCOME
-16.47%
154 M OPERATING CASH FLOW
18.46%
-50 M INVESTING CASH FLOW
15.25%
-135 M FINANCING CASH FLOW
-64.63%
Balance Sheet UL Solutions Inc.
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Current Assets 921 M
Cash & Short-Term Investments 298 M
Receivables 586 M
Other Current Assets 37 M
Non-Current Assets 1.88 B
Long-Term Investments 0
PP&E 817 M
Other Non-Current Assets 1.06 B
10.64 %20.93 %29.18 %37.93 %Total Assets$2.8b
Current Liabilities 740 M
Accounts Payable 182 M
Short-Term Debt 88 M
Other Current Liabilities 470 M
Non-Current Liabilities 1.13 B
Long-Term Debt 847 M
Other Non-Current Liabilities 282 M
9.74 %4.71 %25.15 %45.32 %15.09 %Total Liabilities$1.9b
EFFICIENCY
Earnings Waterfall UL Solutions Inc.
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Revenue 2.87 B
Cost Of Revenue 1.48 B
Gross Profit 1.39 B
Operating Expenses 931 M
Operating Income 462 M
Other Expenses 117 M
Net Income 345 M
3b3b3b3b2b2b2b2b1b1b500m500m003b(1b)1b(931m)462m(117m)345mRevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
48.54% GROSS MARGIN
48.54%
16.10% OPERATING MARGIN
16.10%
11.36% NET MARGIN
11.36%
36.06% ROE
36.06%
11.64% ROA
11.64%
17.88% ROIC
17.88%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis UL Solutions Inc.
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400m400m350m350m300m300m250m250m200m200m150m150m100m100m50m50m00202020202021202120222022202320232024202420252025
Net Income 345 M
Depreciation & Amortization 172 M
Capital Expenditures -237 M
Stock-Based Compensation 23 M
Change in Working Capital 0
Others 0
Free Cash Flow 287 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets UL Solutions Inc.
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Wall Street analysts predict an average 1-year price target for ULS of $57.5 , with forecasts ranging from a low of $45 to a high of $72 .
ULS Lowest Price Target Wall Street Target
45 USD -36.33%
ULS Average Price Target Wall Street Target
57.5 USD -18.65%
ULS Highest Price Target Wall Street Target
72 USD 1.87%
Price
Max Price Target
Min Price Target
Average Price Target
75757070656560605555505045454040Aug '24Aug '24Oct '24Oct '24Nov '24Nov '2420252025Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Jul '25Jul '25Aug '25Aug '25Oct '25Oct '25Nov '25Nov '2520262026Feb '26Feb '26Apr '26Apr '26Jun '26Jun '26
4. DIVIDEND ANALYSIS
0.23% DIVIDEND YIELD
0.13 USD DIVIDEND PER SHARE
Q1
Q2
Q3
Q4
0.6000.6000.5000.5000.4000.4000.3000.3000.2000.2000.1000.1000.0000.0000.130.1250.130.1250.1250.510.132024202420252025
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5. COMPETITION
6. Ownership
Insider Ownership UL Solutions Inc.
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Sold
0-3 MONTHS
609 K USD 2
3-6 MONTHS
103 K USD 1
6-9 MONTHS
1.62 M USD 1
9-12 MONTHS
1.13 B USD 1
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
UL Solutions Takes Aim at Lithium-Ion Battery Fire Risks with Innovative New Certification Programs for Battery Containment Enclosures and Micromobility Charging Equipment NORTHBROOK, Ill.--(BUSINESS WIRE)--UL Solutions (NYSE: ULS), a global leader in applied safety science, today announced its new testing and certification program for battery containment enclosures, including the battery charging or storage cabinets that are becoming more common on city sidewalks and in apartment buildings to address growing concerns around hazards of lithium-ion batteries for e-bikes. Safety-certified battery containment enclosures are growing in popularity for use with e-bikes. businesswire.com - 2 weeks ago
UL Solutions Launches New Testing to Help Performance and Sustainability of Data Centers Needed for AI NORTHBROOK, Ill.--(BUSINESS WIRE)--UL Solutions Inc. (NYSE: ULS), a global leader in applied safety science, today announced its new testing and certification service for immersion cooling fluids for data centers, which contain critical equipment needed for artificial intelligence (AI) and other technologies but are at risk for dangerous overheating. Data centers are vital facilities that control and centralize an organization's information technology (IT) operations and equipment. Data centers. businesswire.com - 2 weeks ago
Hyundai Card Becomes First in Asia to Achieve UL Solutions Healthy Building Verifications for Cultural and Leisure Facilities NORTHBROOK, Ill.--(BUSINESS WIRE)--UL Solutions (NYSE: ULS), a global leader in applied safety science, today announced that four properties operated by Hyundai Card, a leading South Korean credit card company and a subsidiary of the Hyundai Motor Group, have become the first cultural and leisure buildings in Asia to receive UL Verified Healthy Building Marks, demonstrating a commitment to creating healthier and more sustainable indoor environments for employees and guests. The unique Hyundai C. businesswire.com - 1 month ago
UL Solutions to Attend Upcoming Investor Conferences NORTHBROOK, Ill.--(BUSINESS WIRE)--UL Solutions Inc. (NYSE: ULS), a global leader in applied safety science, today announced that senior management of the company will participate in the following investor conferences: William Blair 45th Annual Growth Stock Conference, June 3 Stifel 2025 Boston Cross Sector 1x1 Conference, June 4 and Baird 2025 Global Consumer, Technology & Services Conference, June 5. The company's presentation at the William Blair 45th Annual Growth Stock Conference, at 3. businesswire.com - 1 month ago
UL Solutions Expands European HVAC Testing to Address Surging Heat Pump Market and New Regulations NORTHBROOK, Ill.--(BUSINESS WIRE)--UL Solutions, a global leader in applied safety science, today announced a significant expansion of its heating, ventilation and air conditioning (HVAC) testing facility in Carugate, Italy, addressing rapidly growing European demand for comprehensive heat pump performance and safety testing. This rising demand in turn is being driven by the widespread adoption of environmentally friendly refrigerants and evolving regulatory requirements. The expanded Carugate. businesswire.com - 1 month ago
UL Solutions Announces Quarterly Dividend NORTHBROOK, Ill.--(BUSINESS WIRE)--UL Solutions Inc. (NYSE: ULS), a global leader in applied safety science, today announced that its board of directors has declared a quarterly dividend of $0.13 per share. The dividend will be paid on June 9 to shareholders of record as of the close of business on May 30. About UL Solutions A global leader in applied safety science, UL Solutions Inc. (NYSE: ULS) transforms safety, security and sustainability challenges into opportunities for customers in more. businesswire.com - 1 month ago
What Makes UL Solutions Inc. (ULS) a Strong Momentum Stock: Buy Now? Does UL Solutions Inc. (ULS) have what it takes to be a top stock pick for momentum investors? Let's find out. zacks.com - 1 month ago
UL Solutions Launches Advanced Battery Testing Center in Europe NORTHBROOK, Ill.--(BUSINESS WIRE)--UL Solutions Inc. (NYSE: ULS) today announced the opening of its Europe Advanced Battery Testing Laboratory in Aachen, Germany, which will test batteries used in electric vehicles (EVs) and large-scale energy storage systems, significantly expanding the company's battery technology testing capabilities and its European footprint. Driven by the increasing demand for reliable battery testing services, the facility was purpose-built from the ground up to evaluate. businesswire.com - 1 month ago
New Strong Buy Stocks for May 14th BTSG, NVZMY, SWX, FTS and ULS have been added to the Zacks Rank #1 (Strong Buy) List on May 14, 2025. zacks.com - 1 month ago
UL Solutions Inc. (ULS) Hit a 52 Week High, Can the Run Continue? UL Solutions Inc. (ULS) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues. zacks.com - 1 month ago
UL Solutions Inc. (ULS) Q1 2025 Earnings Call Transcript UL Solutions Inc. (NYSE:ULS ) Q1 2025 Earnings Conference Call May 6, 2025 8:30 AM ET Company Participants Mitchell Ji - SVP, Corporate Finance Jenny Scanlon - President and CEO Ryan Robinson - EVP and CFO Conference Call Participants Stephanie Moore - Jefferies George Tong - Goldman Sachs Josh Chan - UBS Andrew Nicholas - William Blair Arthur Truslove - Citi Brett Castelli - Morningstar Operator Good day, and welcome to the UL Solutions' First Quarter 2025 Earnings Conference Call. All participants will be in a listen-only mode. seekingalpha.com - 1 month ago
UL Solutions Inc. (ULS) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates While the top- and bottom-line numbers for UL Solutions Inc. (ULS) give a sense of how the business performed in the quarter ended March 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values. zacks.com - 2 months ago
8. Profile Summary

UL Solutions Inc. ULS

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COUNTRY US
INDUSTRY Specialty Business Services
MARKET CAP $ 14.2 B
Dividend Yield 0.23%
Description 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.
Contact 333 Pfingsten Road, Northbrook, IL, 60062-2096 https://www.ul.com
IPO Date July 15, 2014
Employees 14813
Officers Mr. John A. Genovesi Executive Vice President and President of Software & Advisory Ms. Jennifer F. Scanlon President, Chief Executive Officer & Director Ms. Gitte Schjotz Executive Vice President and Chief Operations and Sustainability Officer Ms. Karen K. Pepping Senior Vice President & Chief Accounting Officer Mitchell Ji Senior Vice President of Corporate Finance Ms. Patricia A. Crawford Senior Vice President & Chief Information Officer Mr. Scott D'Angelo Executive vice president & Chief legal officer, Mr. Ryan D. Robinson Executive Vice President & Chief Financial Officer Mr. Weifang Zhou Executive Vice President and President of Testing, Inspection & Certification Ms. Kathleen A. Fieweger Senior Vice President & Chief Corporate Communications Officer