Reading ULS? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track ULS free→Reading ULS? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track ULS free→NYSEIndustrialsSpecialty Business ServicesSnapshot 2026-06-16
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
Recent financial performance is neutral, and earnings quality is also neutral. Management's recent track record has been steady, while risk is moderate. The sector backdrop is a headwind, and compared with sector peers, ULS trades above typical levels. Peer multiples imply a price about 113% below where it trades (it looks expensive on this basis); the read is rich. The analysis is provisional.
Daily closes. Earnings/event dots are placed inline.
A consensus fair price across 7 valuation methods, at three horizons. Current price $96.97. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
No-growth: today's peer multiple on trailing earnings. The headline read.
Embeds projected growth. Leans optimistic by design. Upside context.
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
At $97 the market pays 46× p/e — above the 21× p/e peer median but in line with its own 46× history. That premium reflects a durable franchise our peer-anchored $45 fair value understates; treat the 'expensive vs peers' read with low confidence. Analysts: $87–$115. Not investment advice.
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
The market is pricing in roughly 117% of near-term growth above a flat-multiple fair value; not enough history to forecast a comparison. This describes what's priced in, not a forecast of the move.
Only expensive valuation — not the full expensive x weak x turbulent stack.
For similar setups historically (n=20,154): about 33% saw a 20%+ drawdown, and roughly 76% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 2 of the last 3 quarter-over-quarter moves. Historically, Industrials names rated neutral grew net income 57% of the time over the next year (vs 64% for the rest of the cohort, n=4882).
Over the trailing year it converted 1.90x of net income into operating cash flow. Historically, Industrials names rated neutral grew net income 57% of the time over the next year (vs 60% for the rest of the cohort, n=4440).
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, real (inflation-adjusted) rates, long-term interest rates, Fed net liquidity.
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
EPS estimate $0.55 → $0.56 (+2.3% / 30d). 2 raised, 1 cut, 9 covering analysts.
0 upgrades, 0 downgrades / 30d. 54% of analysts rate Buy.
0 positive, 0 negative / 30d.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
A guidance track record builds as the company issues and delivers on guidance.
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
On a typical day, $10k can swing ±$122.
How much price usually moves either way.
On a bad day, this stock has moved -$327.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $2,434.
Deepest peak-to-trough drop in the last year.
Past results, not a forecast. Not investment advice.
The most important moves since the prior daily snapshot.
Valuation rose by 13.6 points (from 33.3 to 46.9).
As of June 16, 2026, the valuation dimension rose. This change indicates a higher assessment of the stock's worth relative to its earnings or assets. The sector backdrop remains a headwind, suggesting challenges in the broader industry environment. Additionally, the risk dimension is moderate, reflecting a balanced level of uncertainty associated with the stock.
as of 2026-06-16
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Why it matters: This would signal a slowdown in growth and could impact the full-year outlook.
Confirms:Q2 organic revenue growth was less than 5%.
Disproves:Q2 organic revenue growth reported at or above 5%.
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
No graded news catalysts for ULS yet.
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On June 1, 2026, (the “Grant Date”), the Human Capital and Compensation Committee of the Board of Directors (the “Committee”) recommended, and the Board of Directors (the “Board”) of UL Solutions Inc. (the “Company”) approved, a special, one-time grant of performance share units (“PSUs”) to Jennifer F. Scanlon, the Company’s President and Chief Exe…
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Long-thesis check; widest uncertainty.
$87.00 – $115.00 (median $96.00) · 7 analysts · as of 2026-05-06
Looks more expensive than peers.
Around its own typical valuation.
Trailing four: 2025-Q1, 2025-Q2, 2025-Q3, 2026-Q1
A side-by-side read on sector standing, valuation, and risk versus Diversified Support Services.
| Stock | Sector standing | Valuation | Risk |
|---|---|---|---|
ULS UL Solutions | Above typical Show detailsSector percentile: 90 of 100 | expensive | moderate |
CTAS Cintas | Above typical Show detailsSector percentile: 84 of 100 | expensive | moderate |
CPRT Copart | Above typical Show detailsSector percentile: 90 of 100 | fair | elevated |
RBA RB Global | Above typical Show detailsSector percentile: 75 of 100 | full | moderate |
LDOS Leidos | Above typical Show detailsSector percentile: 96 of 100 | inexpensive | elevated |
2 material management or governance events in the past 24 months, led by executive changes. Historically, Industrials names rated stable grew net income 60% of the time over the next year (vs 59% for the rest of the cohort, n=792).
Not investment advice. As of 2026-06-16.
via XLI
Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive. Historically, headwind regimes have averaged stronger forward returns than tailwind.
Context label only: describes the market state (e.g. real bear vs narrative panic, healthy uptrend vs late-stage froth). It is not a per-ticker buy/sell signal and does not predict factor performance.
Not investment advice. As of 2026-06-16.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Focus on enhancing the adjusted EBITDA margin to approximately 27% by the end of 2026.
Target $200 million in revenue from the E&E business segment in 2026.
Aim for mid-single digit constant currency organic revenue growth in 2026.
Focus on increasing revenue through strategic initiatives and market expansion.
Continue efforts to improve operating income through cost management and efficiency.
Why it matters: Exceeding 8% growth would show UL Solutions is improving its revenue growth focus. This is key for investor confidence.
Confirms:Q2 revenue growth exceeds 8% year over year.
Disproves:Q2 revenue growth is below 5% year over year.
Why it matters: Exceeding 30% growth in net income would signal strong financial health and effective strategies. This is crucial for investor trust.
Confirms:Net income grows more than 30% year over year.
Disproves:Net income growth is below 10% year over year.
Why it matters: Achieving this revenue mark shows growth in a key business area. It supports overall growth goals.
Confirms:E&E business revenue reported at or above $200M.
Disproves:E&E business revenue reported below $150M.
Why it matters: This growth rate indicates healthy demand and market position. It affects long-term performance.
Confirms:Reported organic revenue growth of 4% or higher.
Disproves:Organic revenue growth was below 2%.
Why it matters: UL Solutions is growing its operating income. This shows they are managing costs well. It is important for making more money.
Confirms:Operating income increases year over year by more than 10%.
Disproves:Operating income growth is flat or negative year over year.
Why it matters: Hitting this target shows good cost control and smooth operations.
Confirms:Adjusted EBITDA margin is 27% or more.
Disproves:Adjusted EBITDA margin is less than 26.5%.
Why it matters: Closing this deal would help UL Solutions make more money and do more things.
Confirms:The acquisition will close in Q4 2026.
Disproves:There are delays or failure to close the acquisition.
Results of Operations and Financial Condition. On May 5, 2026, UL Solutions Inc. (the “Company”) issued a press release announcing its financial results for the first quarter ended March 31, 2026. The full text of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference. The information contained or incorporated by reference in this Item 2.02, including the press release furnished herewith as Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18…
Other Events. Sale and Purchase Agreement On April 13, 2026, Underwriters Laboratories Holdings B.V., a company registered in the Netherlands (“ULH”) and a wholly owned subsidiary of the Company, entered into a sale and purchase agreement (the “Sale and Purchase Agreement”) by and among ULH, Eurofins Product Testing Lux Holding, a private limited liability company ( société à responsabilité limitée ) registered in Luxembourg with the Luxembourg Register of Commerce and Companies (the “Seller”…
Results of Operations and Financial Condition On February 19, 2026, UL Solutions Inc. (the “Company”) issued a press release announcing its financial results for the fourth quarter and full year ended December 31, 2025. The full text of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference. The information contained or incorporated by reference in this Item 2.02, including the press release furnished herewith as Exhibit 99.1, shall not be deemed “filed” for…