WallStSmart

LATAM Airlines Group S.A. (LTM)vsUnited Airlines Holdings Inc (UAL)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

United Airlines Holdings Inc generates 303% more annual revenue ($60.47B vs $15.00B). LTM leads profitability with a 11.2% profit margin vs 6.1%. LTM appears more attractively valued with a PEG of 2.58. UAL earns a higher WallStSmart Score of 67/100 (B-).

LTM

Strong Buy

67

out of 100

Grade: B-

Growth: 8.7Profit: 8.0Value: 4.7Quality: 4.3
Piotroski: 5/9Altman Z: 1.39

UAL

Strong Buy

67

out of 100

Grade: B-

Growth: 7.3Profit: 6.0Value: 6.0Quality: 4.0
Piotroski: 6/9Altman Z: 1.16
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

LTMSignificantly Overvalued (-40.2%)

Margin of Safety

-40.2%

Fair Value

$43.78

Current Price

$49.68

$5.90 premium

UndervaluedFair: $43.78Overvalued
UALUndervalued (+14.6%)

Margin of Safety

+14.6%

Fair Value

$133.39

Current Price

$96.62

$36.77 discount

UndervaluedFair: $133.39Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

LTM4 strengths · Avg: 9.5/10
P/E RatioValuation
8.6x10/10

Attractively priced relative to earnings

Return on EquityProfitability
117.6%10/10

Every $100 of equity generates 118 in profit

EPS GrowthGrowth
70.7%10/10

Earnings expanding 70.7% YoY

Revenue GrowthGrowth
21.9%8/10

Revenue surging 21.9% year-over-year

UAL5 strengths · Avg: 9.0/10
P/E RatioValuation
8.9x10/10

Attractively priced relative to earnings

EPS GrowthGrowth
84.5%10/10

Earnings expanding 84.5% YoY

Return on EquityProfitability
25.7%9/10

Every $100 of equity generates 26 in profit

Price/BookValuation
2.0x8/10

Reasonable price relative to book value

Free Cash FlowQuality
$3.13B8/10

Generating 3.1B in free cash flow

Areas to Watch

LTM3 concerns · Avg: 2.7/10
Price/BookValuation
12.4x4/10

Trading at 12.4x book value

PEG RatioValuation
2.582/10

Expensive relative to growth rate

Altman Z-ScoreHealth
1.392/10

Distress zone — elevated risk

UAL4 concerns · Avg: 2.5/10
Profit MarginProfitability
6.1%3/10

6.1% margin — thin

Operating MarginProfitability
4.3%3/10

Operating margin of 4.3%

PEG RatioValuation
6.502/10

Expensive relative to growth rate

Altman Z-ScoreHealth
1.162/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : LTM

The strongest argument for LTM centers on P/E Ratio, Return on Equity, EPS Growth. Revenue growth of 21.9% demonstrates continued momentum.

Bull Case : UAL

The strongest argument for UAL centers on P/E Ratio, EPS Growth, Return on Equity. Revenue growth of 10.6% demonstrates continued momentum.

Bear Case : LTM

The primary concerns for LTM are Price/Book, PEG Ratio, Altman Z-Score.

Bear Case : UAL

The primary concerns for UAL are Profit Margin, Operating Margin, PEG Ratio. Debt-to-equity of 2.39 is elevated, increasing financial risk.

Key Dynamics to Monitor

LTM profiles as a growth stock while UAL is a value play — different risk/reward profiles.

UAL carries more volatility with a beta of 1.21 — expect wider price swings.

LTM is growing revenue faster at 21.9% — sustainability is the question.

UAL generates stronger free cash flow (3.1B), providing more financial flexibility.

Bottom Line

LTM scores higher overall (67/100 vs 67/100) and 21.9% revenue growth. Both earn "Strong Buy" and "Strong Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

LATAM Airlines Group S.A.

INDUSTRIALS · AIRLINES · USA

LATAM Airlines Group SA, provides passenger and cargo air transport services in Peru, Argentina, the United States, Europe, Colombia, Brazil, Ecuador, Chile, Asia Pacific and the rest of Latin America.

United Airlines Holdings Inc

INDUSTRIALS · AIRLINES · USA

United Airlines Holdings, Inc. (formerly known as United Continental Holdings, Inc., UAL Corporation, Allegis Corporation and founded originally as UAL, Inc.) is a publicly traded airline holding company headquartered in the Willis Tower in Chicago. UAH owns and operates United Airlines, Inc.

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