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Union Pacific Corp (UNP)

Fair Value
IndustrialsRailroadsUnited States

Fundamental

68

Price

$272.13

Market Cap

$162.84B

Part 1 · What the company is worth

Overview

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. It offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, and ethanol and renewable biofuel producers; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, petroleum, liquid petroleum gases, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers. The company was founded in 1862 and is headquartered in Omaha, Nebraska.

No editorial profile for this company yet

Direct competitors

Who this company fights with for the same customers

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No competitor list for this company yet.

Balance Sheet & Liquidity

Revenue

$25.41B

Trailing 12 months (through 6/30/2026)

Net Income

$7.33B

Trailing 12 months (through 6/30/2026)

Free Cash Flow

$5.50B

Total Equity

$18.47B

Total Liabilities

$51.23B

Current Ratio

0.99

Interest Coverage

7.92

Debt/EBITDA

2.42

Earnings Per Share

Revenue & Net Income

Free Cash Flow

Income Breakdown

Historical statement

Margins over time

Debt over time

How heavy the debt is

Growth grid

Growth — Revenue

Fair Value Estimation

General caseFairly Valued

Fair Value

$261.59

Current Price

$272.13

Margin of Safety

-4.0%

Fair Value Range

$205.18 - $318.01

Spread across the valuation methods used, not a statistically calibrated confidence interval.

Estimation Methods

Analyst price target:$329.33
Discounted cash flow (DCF):$220.28
Earnings multiple (P/E):$244.24
Graham growth formula:$282.34
Earnings power value (EPV):$145.89
Justified P/B:$204.56
Dividend discount (Gordon):$106.60
P/FFO, funds from operations:Not enough data to compute it
Mid-cycle earnings:$342.94
Revenue multiple:$121.65
Analyst Consensus:Buy (21B / 10H / 0S)
Last Earnings Surprise:+4.08%

Valuation Metrics

P/E Ratio

22.02

ROE

38.7%

P/B Ratio

7.82

P/FCF

24.86

Gross Margin

-

ROIC

12.3%

Profitability Radar

Value Creation (Economic Moat)

ROIC

12.3%

WACC

8.3%

ROIC − WACC

+3.9 pp

ROIC exceeds the cost of capital — the company is creating value for shareholders.

Fundamental Analysis Criteria

Passed (19)

  • EPS shows upward trend
  • EPS CAGR 7.14%
  • Price CAGR 10.62%
  • ROIC 12.2%
  • P/FCF 24.86
  • Debt/Equity ratio
  • Operating Margin 40.0%
  • Positive Free Cash Flow
  • Current Ratio
  • Interest Coverage
  • Debt/EBITDA
  • Return on Tangible Assets
  • Low reliance on intangibles
  • ROE 38.6%
  • Analyst Consensus 68% Buy
  • Earnings Quality (OCF/NI) 1.40
  • Share Dilution -2.1%
  • Net Margin Trend 28.8% vs 28.4%
  • Piotroski F-Score 7/9

Failed (7)

  • P/B Ratio 7.82
  • CapEx intensity
  • Price below Graham Number
  • DCF valuation (Overvalued)
  • Revenue Growth 5Y 4.6%
  • Earnings Surprise avg 1.5%
  • PEG Ratio 2.54

Unavailable (2)

  • Gross Margin NaN%
  • Dividend Payout NaN%

Piotroski F-Score

7/9

Strong financial health

score
criteria

Earnings Quality

1.40

High quality: earnings backed by cash

Share Dilution

-2.1%

Buying back shares. Shareholder friendly

Institutional Holdings

Governance

Executive Team

NameTitleAge
Mr. Vincenzo James VenaCEO & Director66
Ms. Jennifer L. HamannExecutive VP & CFO57
Mr. Rahul JalaliExecutive VP & Chief Information Officer51
Mr. Kenny G. RockerExecutive Vice President of Marketing & Sales53
Ms. Elizabeth F. WhitedAdvisor59
Mr. Eric J. GehringerExecutive Vice President of Operations46
Ms. Carrie J. PowersVP, Controller & Chief Accounting Officer54
Ms. Rebecca B. GregorySenior Vice President of Administration-
Kate OttosonDirector of Investor Relations-
Ms. Christina B. ConlinExecutive VP, Chief Legal Officer & Corporate Secretary52

Audit Risk

8

Board Risk

1

Compensation Risk

3

Shareholder Rights Risk

1

Part 2 · The price and when to enter

This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.

Documents

  • Annual Report (10-K)

    A yearly overview of the business, its financial results, and the risks it faces.

    Filed on 2026-02-06

    View document
  • Quarterly Report (10-Q)

    A snapshot of financial performance for the most recent three-month period.

    Filed on 2026-07-23

    View document
  • Current Report (8-K)

    An announcement of a major event, such as a leadership change or big news.

    Filed on 2026-07-23

    View document

via SEC EDGAR

Income History

via SEC EDGAR

Latest News

Recent headlines for UNP, sourced from Markets Gazette.

  • 6/10/2026NEUTRAL
    Here's How Much You Would Have Made Owning Union Pacific Stock In The Last 20 Years

    An analysis of Union Pacific Corporation's stock performance over the past two decades reveals a significant historical return for investors. While specific figures are not detailed in the provided snippet, the title suggests a substantial gain, implying consistent operational success and shareholder value creation. This historical data, though backward-looking, provides context for current investors regarding the company's long-term trajectory and its ability to navigate market cycles. Further examination of the underlying drivers of this performance would be necessary for a complete investment thesis.

  • 6/4/2026NEUTRAL
    Union Pacific CEO responds to Trump idea for U.S. stake in $71.5 billion railroad mega merger: ‘We do not need anybody’s help to do this’

    Union Pacific CEO Jim Vena has publicly stated that the company does not require government assistance for its proposed merger with Norfolk Southern, dismissing the idea of a 15% U.S. government stake. Vena indicated no direct discussions with former President Trump on this matter. The merger, valued at approximately $71.5 billion, is proceeding under the company's own strategic direction. This statement aims to reassure investors about the merger's independence and management's control over the process, suggesting no immediate external interference is anticipated.

  • 5/29/2026NEUTRAL
    Trump floated the idea of a 15% government stake in a massive railroad merger

    Former President Trump reportedly suggested a 15% government equity stake in a potential major railroad merger. While no specific companies were named, the ongoing acquisition of Norfolk Southern by Union Pacific is the only significant railroad deal currently in progress. This proposal, if enacted, could introduce substantial government influence and potential dilution for existing shareholders in the merged entity. Investors in the railroad sector will monitor any developments closely, as such a move could alter the financial structure and operational independence of major rail operators.

  • 5/28/2026NEGATIVE
    Union Pacific, Norfolk Tumble as Regulator Pauses Merger Review

    Union Pacific Corporation and Norfolk Southern Corporation shares experienced significant declines, falling over 10% following the Surface Transportation Board's (STB) decision to pause its review of their proposed $72 billion merger. This unexpected halt introduces considerable uncertainty regarding the deal's timeline and ultimate approval, potentially jeopardizing the largest-ever rail merger. Investors are reacting to the increased regulatory hurdle and the possibility of prolonged delays or even a failed transaction, impacting the near-term outlook for both companies.

via Markets Gazette