WallStSmart

Copa Holdings SA (CPA)vsUnited Airlines Holdings Inc (UAL)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

United Airlines Holdings Inc generates 1533% more annual revenue ($59.07B vs $3.62B). CPA leads profitability with a 18.6% profit margin vs 5.7%. CPA appears more attractively valued with a PEG of 0.95. CPA earns a higher WallStSmart Score of 77/100 (B+).

CPA

Strong Buy

77

out of 100

Grade: B+

Growth: 6.0Profit: 8.5Value: 10.0Quality: 6.5
Piotroski: 3/9Altman Z: 2.09

UAL

Buy

60

out of 100

Grade: C

Growth: 5.3Profit: 6.0Value: 7.3Quality: 4.0
Piotroski: 6/9Altman Z: 1.16
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

CPAUndervalued (+40.6%)

Margin of Safety

+40.6%

Fair Value

$253.50

Current Price

$108.98

$144.52 discount

UndervaluedFair: $253.50Overvalued
UALUndervalued (+43.5%)

Margin of Safety

+43.5%

Fair Value

$201.55

Current Price

$89.95

$111.60 discount

UndervaluedFair: $201.55Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

CPA5 strengths · Avg: 8.6/10
P/E RatioValuation
7.0x10/10

Attractively priced relative to earnings

Return on EquityProfitability
26.1%9/10

Every $100 of equity generates 26 in profit

PEG RatioValuation
0.958/10

Growing faster than its price suggests

Price/BookValuation
1.6x8/10

Reasonable price relative to book value

Operating MarginProfitability
22.5%8/10

Strong operational efficiency at 22.5%

UAL3 strengths · Avg: 9.0/10
P/E RatioValuation
8.8x10/10

Attractively priced relative to earnings

Return on EquityProfitability
24.0%9/10

Every $100 of equity generates 24 in profit

Price/BookValuation
1.9x8/10

Reasonable price relative to book value

Areas to Watch

CPA1 concerns · Avg: 3.0/10
Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

UAL4 concerns · Avg: 2.8/10
Revenue GrowthGrowth
4.8%4/10

4.8% revenue growth

Profit MarginProfitability
5.7%3/10

5.7% margin — thin

PEG RatioValuation
5.952/10

Expensive relative to growth rate

Free Cash FlowQuality
$-604.00M2/10

Negative free cash flow — burning cash

Comparative Analysis Report

WallStSmart Research

Bull Case : CPA

The strongest argument for CPA centers on P/E Ratio, Return on Equity, PEG Ratio. Profitability is solid with margins at 18.6% and operating margin at 22.5%. PEG of 0.95 suggests the stock is reasonably priced for its growth.

Bull Case : UAL

The strongest argument for UAL centers on P/E Ratio, Return on Equity, Price/Book.

Bear Case : CPA

The primary concerns for CPA are Piotroski F-Score.

Bear Case : UAL

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

Key Dynamics to Monitor

CPA profiles as a mature stock while UAL is a value play — different risk/reward profiles.

UAL carries more volatility with a beta of 1.25 — expect wider price swings.

CPA is growing revenue faster at 9.6% — sustainability is the question.

CPA generates stronger free cash flow (352M), providing more financial flexibility.

Bottom Line

CPA scores higher overall (77/100 vs 60/100), backed by strong 18.6% margins. UAL offers better value entry with a 43.5% margin of safety. Both earn "Strong Buy" and "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.

Copa Holdings SA

INDUSTRIALS · AIRLINES · USA

Copa Holdings, SA, provides airline passenger and cargo services. The company is headquartered in Panama City, Panama.

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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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