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UL Solutions Inc. (ULS)



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Upturn Advisory Summary
06/30/2025: ULS (1-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $70.6
1 Year Target Price $70.6
4 | Strong Buy |
2 | Buy |
4 | Hold |
1 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -4.99% | Avg. Invested days 23 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Large-Cap Stock | Market Capitalization 14.47B USD | Price to earnings Ratio 43.22 | 1Y Target Price 70.6 |
Price to earnings Ratio 43.22 | 1Y Target Price 70.6 | ||
Volume (30-day avg) 11 | Beta - | 52 Weeks Range 41.32 - 73.98 | Updated Date 06/30/2025 |
52 Weeks Range 41.32 - 73.98 | Updated Date 06/30/2025 | ||
Dividends yield (FY) 0.72% | Basic EPS (TTM) 1.67 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Revenue by Geography
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 11.6% | Operating Margin (TTM) 15.32% |
Management Effectiveness
Return on Assets (TTM) 10.4% | Return on Equity (TTM) 42.71% |
Valuation
Trailing PE 43.22 | Forward PE 41.84 | Enterprise Value 15046009149 | Price to Sales(TTM) 4.98 |
Enterprise Value 15046009149 | Price to Sales(TTM) 4.98 | ||
Enterprise Value to Revenue 5.18 | Enterprise Value to EBITDA 22.66 | Shares Outstanding 62368900 | Shares Floating 61503053 |
Shares Outstanding 62368900 | Shares Floating 61503053 | ||
Percent Insiders 1.34 | Percent Institutions 117.36 |
Analyst Ratings
Rating 4 | Target Price 70.6 | Buy 2 | Strong Buy 4 |
Buy 2 | Strong Buy 4 | ||
Hold 4 | Sell 1 | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
UL Solutions Inc.
Company Overview
History and Background
UL Solutions Inc. (formerly Underwriters Laboratories) was founded in 1894. Initially focused on fire safety, it has evolved into a global leader in safety science, testing, inspection, certification, and advisory services.
Core Business Areas
- Testing, Inspection, and Certification (TIC): Provides testing, inspection, certification, validation, verification, training, and advisory services related to product safety, security, sustainability, and performance.
- Software and Advisory: Offers software solutions and advisory services to help companies manage risk, improve product performance, and achieve sustainability goals.
- Other: Includes various activities and other businesses supporting UL's mission, such as standards development and regulatory consulting.
Leadership and Structure
Jennifer Scanlon serves as the President and CEO. UL Solutions operates with a global organizational structure, with regional teams and specialized business units focusing on specific industries and service areas. Corporate functions include finance, legal, human resources, and marketing.
Top Products and Market Share
Key Offerings
- Product Safety Certification: UL's core service, certifying products for safety. This includes electrical, fire, and other hazards. Market share data is difficult to pinpoint exactly but UL is one of the top players. Competitors include Intertek, CSA Group, and TUV Rheinland.
- revenue: Unavailable to the public.
- Performance Testing: Evaluates product performance characteristics, such as energy efficiency, durability, and reliability. Market share data unavailable but UL is a major player. Competitors include Intertek, SGS, and Bureau Veritas.
- revenue: Unavailable to the public.
- Cybersecurity Certification: Certifies products for cybersecurity vulnerabilities and compliance with industry standards. This is a growing market segment. Competitors include Bureau Veritas, NCC Group, and other specialized cybersecurity firms.
- revenue: Unavailable to the public.
Market Dynamics
Industry Overview
The TIC (Testing, Inspection and Certification) industry is growing, driven by increasing regulations, globalization of supply chains, and rising consumer demand for safe and reliable products.
Positioning
UL Solutions is a leading provider of TIC services, with a strong brand reputation and global reach. Its competitive advantages include its long history, technical expertise, and comprehensive service offerings.
Total Addressable Market (TAM)
The global testing, inspection, and certification market is projected to reach hundreds of billions of dollars. UL Solutions is positioned to capture a significant portion of this market due to its brand recognition and global presence.
Upturn SWOT Analysis
Strengths
- Strong brand recognition and reputation
- Global presence and reach
- Comprehensive service offerings
- Technical expertise and experience
- Accredited by various regulatory bodies
Weaknesses
- Relatively high pricing compared to some competitors
- Potential for bureaucracy due to its size
- Dependence on regulatory compliance trends
Opportunities
- Growing demand for cybersecurity certification
- Expansion into new geographic markets
- Development of new service offerings
- Increased focus on sustainability and ESG (Environmental, Social, and Governance)
- Growing adoption of AI in testing and certification
Threats
- Increased competition from other TIC providers
- Economic downturns that could reduce demand for testing and certification services
- Changes in regulations that could impact the need for certain certifications
- Emergence of new technologies that could disrupt the TIC industry
- Counterfeit products undermining certification value
Competitors and Market Share
Key Competitors
- ITK
- SGSN.SW
- BVRDF.PK
- CSAU.TO
Competitive Landscape
UL Solutions benefits from a strong brand and broad service offerings. However, competitors like Intertek, SGS, and Bureau Veritas also have significant market share and global presence. Competition is intense, particularly on price and specialized service offerings.
Major Acquisitions
Kinectrics
- Year: 2023
- Acquisition Price (USD millions):
- Strategic Rationale: Expanded UL Solutions' service offerings in the energy and utilities sector, particularly in nuclear power and renewable energy.
Growth Trajectory and Initiatives
Historical Growth: Historical growth data is not publicly available.
Future Projections: Future projections are not publicly available but are expected to correlate positively with the overall growth of the TIC industry and cybersecurity sectors.
Recent Initiatives: Recent initiatives include investments in cybersecurity testing and certification capabilities, expansion into new geographic markets, and development of sustainability-focused service offerings.
Summary
UL Solutions is a strong player in the TIC industry due to its reputable brand, long history, and global reach. Its strengths lie in its comprehensive service offerings and deep technical expertise. The company should continue to innovate in areas like cybersecurity and sustainability to maintain its competitive edge, while also carefully managing pricing and adapting to evolving regulations and market dynamics.
Peer Comparison
Sources and Disclaimers
Data Sources:
- UL Solutions website
- Industry reports and analyses
- Competitor websites
- Market research reports
- Various financial data sources
Disclaimers:
The information provided is based on available data and analysis. Market share figures are estimates and may vary. Financial data is limited due to the company's private status. This analysis is for informational purposes only and should not be considered investment advice.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About UL Solutions Inc.
Exchange NYSE | Headquaters Northbrook, IL, United States | ||
IPO Launch date 2024-04-12 | President, CEO & Director Ms. Jennifer F. Scanlon | ||
Sector Industrials | Industry Specialty Business Services | Full time employees 14813 | Website https://www.ul.com |
Full time employees 14813 | Website https://www.ul.com |
UL Solutions Inc., together with its subsidiaries, provides testing, inspection and certification, and related software and advisory 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 and asset 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. It offers ULTRUS, a software that helps customers meet regulatory, supply chain, and sustainability challenges. 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. UL Solutions Inc. is a subsidiary of ULSE Inc.
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