AKBA

Akebia Therapeutics, Inc.

34
Fundamentals33/ 100
Valuation50/ 100
Upside potential64/ 100
Risk potential45/ 100

AKBA trails on the overall score without a compensating advantage in the available component scores.

UNH

UnitedHealth Group Incorporated

62
Fundamentals51/ 100
Valuation56/ 100
Upside potential71/ 100
Risk potential15/ 100

UNH has the edge over AKBA overall, supported by lower modeled downside and stronger fundamentals.

AKBA Fundamentals

MetricStatus
Weak
Weak
Stable
Strong

AKBA's balance sheet is currently strong, and its cash flow is stable, but its revenue and profitability are weak.

UNH Fundamentals

MetricStatus
Stable
Stable
Healthy
Healthy

UNH's cash flow and balance sheet are currently healthy, and its revenue and profitability are stable.

AKBA PE Valuation

AKBA has no meaningful PE right now: it lost money over the past year.

UNH PE Valuation

CHEAPFAIREXPENSIVE10x21x31x42x
CHEAPFAIREXPENSIVE10x21x31x42x
LevelPEPriceVs current
Forward18x$405—
Cheap19x$325-20%
Fair23x$410+1.2%
Current23x$405—
Expensive30x$526+30%

Historical ranges are pointers, not guarantees.

UNH's PE is in its fair range at 23x. If earnings grow as analysts expect, today's price would be 18x next year's earnings, in its cheap range.

AKBA Forward outlook

MetricOutlook
--
Losses growing
Strong decline
Strongly weakening
Limited
Low

Analysts expect AKBA's losses to grow, with revenue declining. However, they disagree widely on these estimates.

UNH Forward outlook

MetricOutlook
Strongly improving
Strong growth
Stable
Improving
Moderate
Low

UNH has the edge over AKBA on the outlook, with more favorable earnings and revenue expectations.

AKBA Risk to reward

ScenarioChangePrice
Upside+80%$0.90
Downside-46%$0.27

Calculated from the latest close: $0.50 on Nov 12.

AKBA trails UNH on modeled risk to reward, with less potential upside relative to its potential downside.

UNH Risk to reward

ScenarioChangePrice
Upside+36%$550.65
Downside-15%$346.07

Calculated from the latest close: $405.13 on Nov 12.

UNH has a better modeled risk to reward balance than AKBA, with more potential upside relative to its potential downside.

AKBA Earnings Per Share

Q4 2023: $-0.27Q1 2024: $-0.22Q2 2024: $-0.20Q3 2024: $-0.22Q4 2024: $-0.33Q1 2025: $-0.21Q2 2025: $-0.17Q3 2025: $-0.07Q4 2025: $-0.02Q1 2026: $-0.08Q2 2026: $-0.11Q3 2026: $-0.16
Q4 2023: $-0.27Q1 2024: $-0.22Q2 2024: $-0.20Q3 2024: $-0.22Q4 2024: $-0.33Q1 2025: $-0.21Q2 2025: $-0.17Q3 2025: $-0.07Q4 2025: $-0.02Q1 2026: $-0.08Q2 2026: $-0.11Q3 2026: $-0.16
QuarterTTM EPSYoY
Q3 2026-$0.16-$0.09
Q2 2026-$0.11+$0.06
Q1 2026-$0.08+$0.13
Q4 2025-$0.02+$0.31
Q3 2025-$0.07+$0.15
Q2 2025-$0.17+$0.03
Q1 2025-$0.21+$0.01
Q4 2024-$0.33-$0.06

AKBA lost $0.16 per share over the past year, and its loss has widened in each of the last three quarters.

UNH Earnings Per Share

Q4 2023: $23.86Q1 2024: $16.38Q2 2024: $15.10Q3 2024: $15.37Q4 2024: $15.51Q1 2025: $23.89Q2 2025: $23.09Q3 2025: $19.17Q4 2025: $13.23Q1 2026: $13.28Q2 2026: $15.58Q3 2026: $17.55Forward: $22.65
Q4 2023: $23.86Q1 2024: $16.38Q2 2024: $15.10Q3 2024: $15.37Q4 2024: $15.51Q1 2025: $23.89Q2 2025: $23.09Q3 2025: $19.17Q4 2025: $13.23Q1 2026: $13.28Q2 2026: $15.58Q3 2026: $17.55Forward: $22.65
QuarterTTM EPSYoY
Forward$22.65+29%
Q3 2026$17.55-8.5%
Q2 2026$15.58-33%
Q1 2026$13.28-44%
Q4 2025$13.23-15%
Q3 2025$19.17+25%
Q2 2025$23.09+53%
Q1 2025$23.89+46%
Q4 2024$15.51-35%

UNH has the edge over AKBA on earnings quality, reporting a profit while its opponent remains loss making.

AKBA Quarterly Revenue

Q4 2023: $56MQ1 2024: $33MQ2 2024: $44MQ3 2024: $37MQ4 2024: $46MQ1 2025: $57MQ2 2025: $62MQ3 2025: $59MQ4 2025: $58MQ1 2026: $54MQ2 2026: $49MQ3 2026: $37M
Q4 2023: $56MQ1 2024: $33MQ2 2024: $44MQ3 2024: $37MQ4 2024: $46MQ1 2025: $57MQ2 2025: $62MQ3 2025: $59MQ4 2025: $58MQ1 2026: $54MQ2 2026: $49MQ3 2026: $37M
QuarterRevenueYoY
Q3 2026$36.9M-37%
Q2 2026$49.1M-21%
Q1 2026$53.5M-6.6%
Q4 2025$57.6M+24%
Q3 2025$58.8M+57%
Q2 2025$62.5M+43%
Q1 2025$57.3M+76%
Q4 2024$46.5M-17%

AKBA's revenue has slid since its 2022 peak: $37M last quarter, down 37% from the same quarter a year ago.

UNH Quarterly Revenue

Q4 2023: $94.4BQ1 2024: $99.8BQ2 2024: $98.9BQ3 2024: $101BQ4 2024: $101BQ1 2025: $110BQ2 2025: $112BQ3 2025: $113BQ4 2025: $113BQ1 2026: $112BQ2 2026: $112BQ3 2026: $113B
Q4 2023: $94.4BQ1 2024: $99.8BQ2 2024: $98.9BQ3 2024: $101BQ4 2024: $101BQ1 2025: $110BQ2 2025: $112BQ3 2025: $113BQ4 2025: $113BQ1 2026: $112BQ2 2026: $112BQ3 2026: $113B
QuarterRevenueYoY
Q3 2026$112.7B-0.4%
Q2 2026$112B+0.4%
Q1 2026$111.7B+2%
Q4 2025$113.2B+12%
Q3 2025$113.2B+12%
Q2 2025$111.6B+13%
Q1 2025$109.6B+9.8%
Q4 2024$100.8B+6.8%

UNH's revenue has held roughly level: $113B last quarter, about level with the same quarter a year ago.

AKBA Free Cash Flow

Q4 2023: −$2MQ1 2024: −$19MQ2 2024: --Q3 2024: −$7MQ4 2024: −$4MQ1 2025: −$14MQ2 2025: $22MQ3 2025: $28MQ4 2025: $31MQ1 2026: −$21MQ2 2026: $2MQ3 2026: $2M
Q4 2023: −$2MQ1 2024: −$19MQ2 2024: --Q3 2024: −$7MQ4 2024: −$4MQ1 2025: −$14MQ2 2025: $22MQ3 2025: $28MQ4 2025: $31MQ1 2026: −$21MQ2 2026: $2MQ3 2026: $2M
QuarterFree cash flowYoY
Q3 2026$1.6M-94%
Q2 2026$2.4M-89%
Q1 2026-$21.3M-$7.7M
Q4 2025$31.1M+$35.5M
Q3 2025$28M+$34.7M
Q1 2025-$13.6M+$5.8M
Q4 2024-$4.5M-$2.2M
Q3 2024-$6.7M+$470K

AKBA has burned cash in most quarters: $14M over the past year, down 57% from the year before.

UNH Free Cash Flow

Q4 2023: −$6.2BQ1 2024: $401MQ2 2024: $5.9BQ3 2024: $13BQ4 2024: $1.5BQ1 2025: $4.6BQ2 2025: $6.3BQ3 2025: $5.1BQ4 2025: $160MQ1 2026: $8.1BQ2 2026: $10.3BQ3 2026: $4.3B
Q4 2023: −$6.2BQ1 2024: $401MQ2 2024: $5.9BQ3 2024: $13BQ4 2024: $1.5BQ1 2025: $4.6BQ2 2025: $6.3BQ3 2025: $5.1BQ4 2025: $160MQ1 2026: $8.1BQ2 2026: $10.3BQ3 2026: $4.3B
QuarterFree cash flowYoY
Q3 2026$4.3B-16%
Q2 2026$10.3B+63%
Q1 2026$8.1B+79%
Q4 2025$160M-89%
Q3 2025$5.1B-61%
Q2 2025$6.3B+6.9%
Q1 2025$4.6B+1037%
Q4 2024$1.5B+$7.6B

UNH has the edge over AKBA on cash flow, with more consistent year-over-year improvement.

AKBA Total Shares

Q4 2023: 187MQ1 2024: 205MQ2 2024: 210MQ3 2024: 210MQ4 2024: 211MQ1 2025: 242MQ2 2025: 271MQ3 2025: 274MQ4 2025: 257MQ1 2026: 267MQ2 2026: 270MQ3 2026: 277M
Q4 2023: 187MQ1 2024: 205MQ2 2024: 210MQ3 2024: 210MQ4 2024: 211MQ1 2025: 242MQ2 2025: 271MQ3 2025: 274MQ4 2025: 257MQ1 2026: 267MQ2 2026: 270MQ3 2026: 277M
PeriodChange %Net change
Quarterly+2.7%+7.3M shares
1 year+0.9%+2.5M shares
3 years+47%+88.6M shares
5 years+59%+103M shares
Available history+132%+158M shares

AKBA has 277M diluted shares, up 0.9% from a year ago.

UNH Total Shares

Q4 2023: 938MQ1 2024: 922MQ2 2024: 928MQ3 2024: 930MQ4 2024: 929MQ1 2025: 918MQ2 2025: 910MQ3 2025: 908MQ4 2025: 911MQ1 2026: 910MQ2 2026: 906MQ3 2026: 902M
Q4 2023: 938MQ1 2024: 922MQ2 2024: 928MQ3 2024: 930MQ4 2024: 929MQ1 2025: 918MQ2 2025: 910MQ3 2025: 908MQ4 2025: 911MQ1 2026: 910MQ2 2026: 906MQ3 2026: 902M
PeriodChange %Net change
Quarterly-0.4%-4M shares
1 year-0.7%-6M shares
3 years-3.6%-34M shares
5 years-5.5%-53M shares
Available history-6.6%-64M shares

UNH has the edge over AKBA on shareholder dilution, with a more favorable share count trend.

AKBA Net Leverage

Q3 2024: 1.6xQ1 2025: -10.5xQ2 2025: -4.5xQ3 2025: -4.2xQ4 2025: -5.5xQ1 2026: -17.3x
Q3 2024: 1.6xQ1 2025: -10.5xQ2 2025: -4.5xQ3 2025: -4.2xQ4 2025: -5.5xQ1 2026: -17.3x
QuarterNet LeverageStatus
Q1 2026-17.3xNet Cash
Q4 2025-5.5xNet Cash
Q3 2025-4.2xNet Cash
Q2 2025-4.5xNet Cash
Q1 2025-10.5xNet Cash
Q3 20241.6xHealthy

AKBA has more cash than debt.

UNH Net Leverage

Q4 2023: 1.0xQ1 2024: 1.3xQ2 2024: 1.4xQ3 2024: 1.3xQ4 2024: 1.4xQ1 2025: 1.3xQ2 2025: 1.5xQ3 2025: 1.7xQ4 2025: 2.3xQ1 2026: 2.2xQ2 2026: 1.7xQ3 2026: 1.7x
Q4 2023: 1.0xQ1 2024: 1.3xQ2 2024: 1.4xQ3 2024: 1.3xQ4 2024: 1.4xQ1 2025: 1.3xQ2 2025: 1.5xQ3 2025: 1.7xQ4 2025: 2.3xQ1 2026: 2.2xQ2 2026: 1.7xQ3 2026: 1.7x
QuarterNet LeverageStatus
Q3 20261.7xHealthy
Q2 20261.7xHealthy
Q1 20262.2xModerate
Q4 20252.3xModerate
Q3 20251.7xHealthy
Q2 20251.5xHealthy
Q1 20251.3xHealthy
Q4 20241.4xHealthy

UNH's net debt is about 1.7 years of its operating earnings (EBITDA), about the same as a year ago.

AKBA Weekly Momentum

MetricValueStatus
RSI33.4Neutral
Stochastic14.7Oversold

AKBA's weekly RSI is 33 (neutral) and its Stochastic is 15 (oversold).

UNH Weekly Momentum

MetricValueStatus
RSI56.4Neutral
Stochastic60.0Neutral

UNH's weekly RSI is 56 (neutral) and its Stochastic is 60 (neutral).

AKBA PE vs Healthcare Sector

AKBA has no meaningful PE right now: it lost money over the past year.

UNH PE vs Healthcare Sector

MetricUNHSector medianRelative
PE23x26x11% below
PE %472918 pts above

UNH is trading at 23x earnings, a 11% discount to the Healthcare sector's median of 26x.

AKBA Weekly Moving Averages

Moving averageMA priceRelative
8 week MA$0.6826% below
20 week MA$0.9246% below
50 week MA$1.1657% below
100 week MA$1.8873% below
200 week MA$1.5668% below

AKBA is in a downtrend: it's below all five of its weekly moving averages, and 68% below its 200-week average.

UNH Weekly Moving Averages

Moving averageMA priceRelative
8 week MA$394.22.8% above
20 week MA$400.51.2% above
50 week MA$361.212% above
100 week MA$376.07.8% above
200 week MA$446.69.3% below

UNH has the edge over AKBA on trend strength, trading above more of its moving averages.

AKBA Yearly ROI

YearStart priceEnd priceROI
2020$6.52$2.92-55%
2021$2.92$2.53-13%
2022$2.53$0.43-83%
2023$0.43$1.24+188%
2024$1.24$1.95+57%
2025$1.95$1.66-15%
2026 YTD$1.66$0.50-70%

AKBA's yearly returns have swung widely, from +188% in 2023 to −83% in 2022. It's down 70% so far in 2026.

UNH Yearly ROI

YearStart priceEnd priceROI
2020$296.0$340.8+15%
2021$340.8$495.4+45%
2022$495.4$531.3+7.3%
2023$531.3$526.5-0.9%
2024$526.5$510.0-3.1%
2025$510.0$331.8-35%
2026 YTD$331.8$405.1+22%

UNH has the edge over AKBA on returns for 2026, with the stronger performance.

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