UP - Wheels Up Experience Inc. Stock Price, Fair Value and News

2.82USD+0.04 (+1.44%)Delayed

Market Summary

USD2.82+0.04

Delayed

1.44%

UP Alerts

Big fall in Revenue (Y/Y)

Losses in recent quarter

UP Stock Price

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UP RSI Chart

UP Valuation

Market Cap

2.0B

Price/Earnings (Trailing)

-4.06

Price/Sales (Trailing)

1.79

EV/EBITDA

-5.03

Price/Free Cashflow

-3.56

UP Price/Sales (Trailing)

UP Profitability

Operating Margin

1.97%

EBT Margin

-43.95%

Return on Equity

-51.7K%

Return on Assets

-40.96%

Free Cashflow Yield

-28.07%

UP Fundamentals

UP Revenue

Revenue (TTM)

1.1B

Rev. Growth (Yr)

-43.98%

Rev. Growth (Qtr)

-20%

UP Earnings

Earnings (TTM)

-483.9M

Earnings Growth (Yr)

3.44%

Earnings Growth (Qtr)

-20.07%

Breaking Down UP Revenue

Last 7 days

25.3%

Last 30 days

2.9%

Last 90 days

-17.5%

Trailing 12 Months

-9.6%

How does UP drawdown profile look like?

UP Financial Health

Current Ratio

0.38

Debt/Equity

238.01

Debt/Cashflow

-2.41

UP Investor Care

Shares Dilution (1Y)

2671.32%

Diluted EPS (TTM)

-0.12

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	1.1B	0	0	0
2023	1.6B	1.5B	1.4B	1.3B
2022	2.1B	2.2B	2.4B	1.6B
2021	800.5M	951.8M	1.1B	2.0B
2020	462.4M	539.9M	617.5M	695.0M
2019	0	0	0	384.9M
2018	0	0	0	332.1M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of Wheels Up Experience Inc.

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 13, 2024	briffa mark	sold	-14,084	2.52	-5,589	evp, charter & ceo air partner
Mar 13, 2024	heltebran laura	sold	-72,169	2.54	-28,413	chief legal officer
Feb 26, 2024	smith todd lamar	sold (taxes)	-52,830	3.00	-17,610	chief financial officer
Feb 26, 2024	briffa mark	sold (taxes)	-14,871	3.00	-4,957	evp, charter & ceo air partner
Feb 26, 2024	heltebran laura	sold (taxes)	-13,623	3.00	-4,541	chief legal officer
Feb 20, 2024	heltebran laura	sold (taxes)	-8,074	3.42	-2,361	chief legal officer
Jan 22, 2024	moak donald lee	acquired	-	-	63,166	-
Jan 22, 2024	armstrong timothy m	acquired	-	-	92,593	-
Jan 22, 2024	adelman david j.	acquired	-	-	92,593	-
Jan 04, 2024	smith todd lamar	sold (taxes)	-179,388	4.15	-43,226	chief financial officer

Which funds bought or sold UP recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	JANE STREET GROUP, LLC	reduced	-41.3	-118,757	114,648	-%
May 16, 2024	Colony Group, LLC	new	-	129,000	129,000	-%
May 16, 2024	Ancora Advisors LLC	unchanged	-	-1,688	8,653	-%
May 15, 2024	Mariner, LLC	unchanged	-	-78,296	401,266	-%
May 15, 2024	Schonfeld Strategic Advisors LLC	new	-	188,230	188,230	-%
May 15, 2024	Man Group plc	new	-	54,610	54,610	-%
May 15, 2024	TWO SIGMA ADVISERS, LP	reduced	-19.67	-14,057	28,815	-%
May 15, 2024	TWINBEECH CAPITAL LP	new	-	50,991	50,991	-%
May 15, 2024	Knighthead Capital Management, LLC	unchanged	-	-144,575,000	740,946,000	27.84%
May 15, 2024	Walleye Capital LLC	sold off	-100	-564,389	-	-%

Are Funds Buying or Selling UP?

Are funds buying UP calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own UP

No. of Funds

Unveiling Wheels Up Experience Inc.'s Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Nov 27, 2023	whitebox advisors llc	6.2%	43,028,201	SC 13G
Nov 20, 2023	cox investment holdings, inc.	12.4%	86,056,403	SC 13D/A
Nov 17, 2023	delta air lines, inc.	37.8%	263,369,307	SC 13D/A
Nov 17, 2023	ck wheels llc	37.1%	258,169,208	SC 13D/A
Sep 27, 2023	cox investment holdings, inc.	8.26%	20,187,667	SC 13D
Sep 26, 2023	ck wheels llc	36.3%	60,563,002	SC 13D
Sep 22, 2023	delta air lines, inc.	39.4%	65,763,101	SC 13D/A
Aug 29, 2023	delta air lines, inc.	20.5%	5,200,099	SC 13D/A
Aug 15, 2023	delta air lines, inc.	20.5%	5,200,099	SC 13D/A
May 05, 2023	blackrock inc.	4.5%	11,318,732	SC 13G

Recent SEC filings of Wheels Up Experience Inc.

View All Filings

Date Filed	Form Type	Document
May 17, 2024	4	Insider Trading
May 09, 2024	10-Q	Quarterly Report
May 09, 2024	8-K	Current Report
May 06, 2024	8-K	Current Report
Apr 24, 2024	ARS	ARS
Apr 24, 2024	DEF 14A	DEF 14A
Apr 24, 2024	DEFA14A	DEFA14A
Mar 26, 2024	3	Insider Trading
Mar 15, 2024	4/A	Insider Trading
Mar 15, 2024	4	Insider Trading

Peers (Alternatives to Wheels Up Experience Inc.)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
BA	113.6B	76.4B	8.72%	-10.70%	-52.82	1.49	8.37%	47.92%
GD	82.1B	43.1B	5.16%	41.81%	24.25	1.9	8.09%	-0.18%
LHX	42.4B	20.2B	11.05%	20.35%	36.17	2.1	15.66%	26.95%
HWM	33.9B	6.9B	30.70%	83.58%	39.37	4.93	15.47%	76.95%
HEI	29.8B	3.2B	9.16%	20.69%	70.11	9.19	38.68%	18.86%
AXON	21.8B	1.7B	-3.68%	43.18%	83.09	12.96	31.69%	90.90%
HII	10.1B	11.6B	-5.81%	27.02%	14.29	0.87	7.53%	24.12%
MID-CAP
CW	10.7B	2.9B	11.46%	69.26%	28.48	3.64	11.39%	20.50%
BWXT	8.1B	2.5B	-4.85%	32.85%	31.91	3.19	11.52%	5.39%
AVAV	5.5B	705.8M	32.20%	77.40%	-51.04	7.73	44.89%	-1159.76%
SMALL-CAP
DCO	856.0M	766.6M	13.00%	39.33%	48.79	1.12	4.98%	-32.31%
SPCE	407.2M	8.4M	5.32%	-77.95%	-0.92	48.52	194.12%	21.45%
ISSC	92.5M	41.0M	-18.87%	-24.21%	14.63	2.26	46.14%	28.25%
CODA	74.1M	642.5K	9.05%	-25.34%	31.44	106.77	-97.11%	-47.43%
ASTC	16.0M	2.0M	-1.36%	-14.45%	-1.45	7.99	456.67%	-18.02%

Wheels Up Experience Inc. News

Latest updates

Wheels Up Experience Inc. Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

Income Statement (Quarterly)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2018Q4
Revenue	-20.0%	197,101,000	246,380,000	320,063,000	335,062,000	351,812,000	408,257,000	420,356,000	425,512,000	325,635,000	1,194,259,000	301,978,000	285,580,000	261,657,000	209,773,000	194,781,000	134,331,000	-	-	-
Cost Of Revenue	-21.0%	198,260,000	250,925,000	299,887,000	327,903,000	353,791,000	395,627,000	403,042,000	408,898,000	332,758,000	1,117,633,000	283,495,000	255,188,000	234,508,000	188,143,000	171,338,000	127,336,000	-	-	-
Costs and Expenses	-10.2%	279,686,000	311,295,000	449,068,000	488,049,000	448,462,000	629,760,000	572,018,000	519,636,000	418,353,000	1,397,537,000	370,550,000	310,376,000	289,325,000	239,071,000	168,655,000	155,645,000	-	-	-
S&GA Expenses	23.7%	21,437,000	17,328,000	22,548,000	23,149,000	25,803,000	29,349,000	30,830,000	33,688,000	23,243,000	80,071,000	22,157,000	17,895,000	15,794,000	16,231,000	13,655,000	10,277,000	-	-	-
R&D Expenses	-4.5%	11,081,000	11,608,000	19,962,000	14,430,000	15,873,000	14,804,000	16,639,000	14,606,000	11,191,000	33,579,000	8,769,000	8,025,000	7,024,000	5,665,000	6,044,000	4,449,000	-	-	-
EBITDA Margin	-16.0%	-0.36	-0.31	-0.38	-0.36	-0.30	-0.31	-0.18	-0.15	-0.13	-0.10	-0.01	-0.01	-0.01	-	-	-	-	-	-
Interest Expenses	-52.2%	6,792,000	14,220,000	11,258,000	7,658,000	8,119,000	7,515,000	-	-	-	9,519,000	782,000	4,164,000	4,557,000	4,862,000	5,614,000	-	-	-	-
Income Taxes	-118.2%	-114,000	626,000	579,000	-16,000	200,000	-335,000	185,000	320,000	-	58,000	-	-	-	-	-	-	-	-	-
Earnings Before Taxes	-21.2%	-97,507,000	-80,483,000	-144,234,000	-160,609,000	-100,678,000	-225,245,000	-148,653,000	-92,440,000	-89,040,000	-197,172,000	-59,455,000	-28,954,000	-32,213,000	-	20,548,000	-	-	-	-
EBT Margin	-13.3%	-0.44	-0.39	-0.45	-0.42	-0.35	-0.35	-0.22	-0.19	-0.18	-0.16	-0.08	-0.09	-0.11	-	-	-	-	-	-
Net Income	-20.1%	-97,393,000	-81,115,000	-144,813,000	-160,593,000	-100,866,000	-224,910,000	-148,838,000	-92,760,000	-89,040,000	-190,020,000	-58,485,000	-28,954,000	-32,213,000	-25,711,000	18,909,000	-27,365,000	-44,474,000	-	-
Net Income Margin	-13.3%	-0.44	-0.39	-0.45	-0.42	-0.35	-0.35	-0.22	-0.19	-0.17	-0.15	-0.14	-0.07	-0.08	-	-	-	-	-	-
Free Cashflow	-568.1%	-77,816,000	-11,647,000	-249,905,000	-212,669,000	-211,232,000	54,132,000	-151,741,000	-29,080,000	-187,559,000	270,355,000	-35,408,000	-36,698,000	-86,993,000	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2019Q4
Assets	-10.2%	1,181	1,316	1,328	1,386	1,710	1,923	1,748	1,969	1,885	1,981	1,676	1,310	240	1,360	227	528
Current Assets	-23.3%	333	434	410	350	603	820	552	692	733	933	657	270	0.00	396	2.00	128
Cash Equivalents	-19.2%	213	264	245	152	363	586	312	454	540	787	535	161	215	325	104	96.00
Inventory	0.8%	21.00	20.00	24.00	23.00	39.00	29.00	18.00	12.00	10.00	9.00	9.00	8.00	-	5.00	-	1.00
Net PPE	-4.7%	322	338	362	401	399	395	388	389	380	318	314	317	-	323	-	345
Goodwill	-0.3%	218	218	215	282	350	348	460	528	84.00	437	437	437	-	37.00	-	4.00
Liabilities	-3.8%	1,169	1,216	1,182	1,373	1,547	1,671	1,300	1,386	1,221	1,245	883	1,044	1,055	1,066	825	584
Current Liabilities	-3.2%	879	908	869	1,071	1,232	1,344	1,194	1,272	1,104	1,135	760	810	4.00	840	-	384
Long Term Debt	-5.2%	223	235	235	210	220	226	-	-	-	-	0.00	123	-	148	-	195
LT Debt, Current	-7.2%	22.00	24.00	25.00	27.00	27.00	27.00	-	-	-	-	0.00	60.00	-	63.00	-	49.00
LT Debt, Non Current	-100.0%	-	235	235	210	220	226	-	-	-	-	0.00	-	-	148	-	-
Shareholder's Equity	-99.0%	1.00	97.00	145	13.00	163	252	447	583	664	736	793	266	293	294	327	-
Retained Earnings	-5.5%	-1,860	-1,763	-1,682	-1,537	-1,376	-1,275	-1,050	-902	-809	-720	-677	-130	-30.03	-32.70	-0.53	-25.90
Additional Paid-In Capital	0.1%	1,882	1,879	1,849	1,564	1,557	1,546	1,522	1,500	1,476	1,451	1,460	-	-	-32.70	6.00	26.00
Shares Outstanding	0.1%	697	697	167	25.00	25.00	25.00	24.00	24.00	24.00	20.00	19.00	17.00	17.00	-	-	-
Minority Interest	-	-	-	-	-	-	-	-	-	3.00	6.00	10.00	-	-	26.00	-	-
Float	-	-	-	-	21.00	-	-	-	306	-	-	-	-	-	239	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																			(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2018Q4
Cashflow From Operations	-1846.6%	-73,794	-3,791	-249,794	-209,218	-202,482	57,652	-148,166	-18,959	-121,216	278,906	-33,505	-34,191	-84,720	101,592	-26.80	-	-	-	-
Share Based Compensation	181.5%	11,211	3,983	3,508	6,604	11,538	23,140	22,504	20,781	22,554	19,005	27,906	1,348	1,414	-	-	-	-	-	-
Cashflow From Investing	361.1%	19,603	4,251	37,530	10,124	-11,035	-3,517	9,372	-61,545	-119,552	-30,242	-5,760	-5,587	2,919	-10,124	-225,000	-	-	-	-
Cashflow From Financing	-236.7%	-24,314	17,783	301,854	-11,931	-6,752	252,133	-658	-582	-6,107	628	403,972	-17,788	-12,786	2,995	226,858	-	-	-	-
Buy Backs	1107.1%	338	28.00	-3.00	3.00	-	340	658	582	6,107	-	-	-	-	-	-	-	-	-	-

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UP Income Statement

2024-03-31

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Revenue	$ 197,101	$ 351,812
Costs and expenses:
Cost of revenue	198,260	353,791
Technology and development	11,081	15,873
Sales and marketing	21,437	25,803
General and administrative	36,237	39,416
Depreciation and amortization	15,395	14,445
Gain on sale of aircraft held for sale	(2,724)	(866)
Total costs and expenses	279,686	448,462
Loss from operations	(82,585)	(96,650)
Other income (expense):
Gain on disposal of assets, net	1,440	0
Loss on extinguishment of debt	(1,706)	0
Change in fair value of warrant liability	(28)	125
Interest income	56	3,821
Interest expense	(14,555)	(8,119)
Other income (expense), net	(129)	145
Total other income (expense)	(14,922)	(4,028)
Loss before income taxes	(97,507)	(100,678)
Income tax benefit (expense)	114	(188)
Net loss	(97,393)	(100,866)
Less: Net loss attributable to non-controlling interests	0	0
Net loss attributable to Wheels Up Experience Inc.	$ (97,393)	$ (100,866)
Net loss per share of Common Stock (Note 18)
Basic (in dollars per share)	$ (0.14)	$ (3.98)
Diluted (in dollars per share)	$ (0.14)	$ (3.98)
Weighted-average shares of Common Stock outstanding:
Basic (in shares)	697,983,030	25,334,527
Diluted (in shares)	697,983,030	25,334,527

UP Balance Sheet

2024-03-31

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 180,857	$ 263,909
Accounts receivable, net	42,317	38,237
Other receivables	9,309	11,528
Parts and supplies inventories, net	20,561	20,400
Aircraft inventory	0	1,862
Aircraft held for sale	20,239	30,496
Prepaid expenses	43,360	55,715
Other current assets	16,257	11,887
Total current assets	332,900	434,034
Property and equipment, net	321,904	337,714
Operating lease right-of-use assets	63,043	68,910
Goodwill	217,516	218,208
Intangible assets, net	112,447	117,766
Restricted cash	32,433	28,916
Other non-current assets	101,049	110,512
Total assets	1,181,292	1,316,060
Current liabilities:
Current maturities of long-term debt	22,265	23,998
Accounts payable	45,694	32,973
Accrued expenses	90,122	102,475
Deferred revenue, current	698,013	723,246
Operating lease liabilities, current	20,718	22,869
Other current liabilities	1,920	1,941
Total current liabilities	878,732	907,502
Long-term debt, net	222,780	235,074
Operating lease liabilities, non-current	51,093	54,956
Intangible liabilities, non-current	10,295	10,677
Other non-current liabilities	6,581	7,978
Total liabilities	1,169,481	1,216,187
Commitments and contingencies (Note 13)
Total mezzanine equity	10,875	2,476
Equity:
Common Stock, $0.0001 par value; 1,500,000,000 authorized; 697,689,963 and 697,131,838 shares issued and 697,321,492 and 696,856,131 shares outstanding as of March 31, 2024 and December 31, 2023, respectively	70	70
Additional paid-in capital	1,881,821	1,879,009
Accumulated deficit	(1,860,653)	(1,763,260)
Accumulated other comprehensive loss	(12,246)	(10,704)
Treasury stock, at cost, 368,471 and 275,707 shares, respectively	(8,056)	(7,718)
Total Wheels Up Experience Inc. stockholders’ equity	936	97,397
Non-controlling interests	0	0
Total equity	936	97,397
Total liabilities and equity	$ 1,181,292	$ 1,316,060

About Wheels Up Experience Inc.

Wheels Up Experience Inc. provides private aviation services in the United States. The company offers membership programs, charter, aircraft management, whole aircraft sales, and commercial travel services. It also provides freight, safety, and security solutions, as well as managed services. The company serves individuals, industry, government, and civil organizations. It operates a fleet of approximately 1,500 aircraft. The company was founded in 2013 and is headquartered in New York, New York.

CEO	Mr. Todd Lamar Smith
WEBSITE	wheelsup.com
INDUSTRY	Aerospace & Defense
EMPLOYEES	3005

Wheels Up Experience Inc. Frequently Asked Questions

What is the ticker symbol for Wheels Up Experience Inc.? What does UP stand for in stocks?

UP is the stock ticker symbol of Wheels Up Experience Inc.. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Wheels Up Experience Inc. (UP)?

As of Fri May 17 2024, market cap of Wheels Up Experience Inc. is 1.97 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of UP stock?

You can check UP's fair value in chart for subscribers.

What is the fair value of UP stock?

You can check UP's fair value in chart for subscribers. The fair value of Wheels Up Experience Inc. is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Wheels Up Experience Inc. is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for UP so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Wheels Up Experience Inc. a good stock to buy?

The fair value guage provides a quick view whether UP is over valued or under valued. Whether Wheels Up Experience Inc. is cheap or expensive depends on the assumptions which impact Wheels Up Experience Inc.'s fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for UP.

What is Wheels Up Experience Inc.'s Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, UP's PE ratio (Price to Earnings) is -4.06 and Price to Sales (PS) ratio is 1.79. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. UP PE ratio will change depending on the future growth rate expectations of investors.