Company Valuation: Unilever PLC

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 120,277 119,234 109,432 136,147 121,203 117,184 - -
Change - -0.87% -8.22% 24.41% -10.98% -3.32% - -
Enterprise Value (EV) 1 145,787 142,910 133,089 160,666 144,279 141,017 139,954 139,093
Change - -1.97% -6.87% 20.72% -10.2% -2.26% -0.75% -0.62%
P/E 20.2x 15.8x 17.1x 24x 21.5x 18.4x 16.8x 15.8x
PBR 7.03x 6.27x 6.05x 6.81x 7.82x 7.3x 6.79x 6.27x
PEG - 0.5x -1.2x -2.3x 40.28x 1.3x 1.82x 2.39x
Capitalization / Revenue 2.29x 1.98x 1.84x 2.24x 2.4x 2.27x 2.18x 2.1x
EV / Revenue 2.78x 2.38x 2.23x 2.64x 2.86x 2.73x 2.6x 2.5x
EV / EBITDA 12.8x 12.5x 11.6x 12.5x 12.7x 12x 11.4x 10.8x
EV / EBIT 15.1x 14.8x 13.4x 14.4x 14.3x 13.6x 12.8x 12.2x
EV / FCF 22.8x 25.3x 18.8x 23.2x 24.4x 22.2x 20x 19.1x
FCF Yield 4.39% 3.96% 5.33% 4.31% 4.1% 4.5% 5.01% 5.22%
Dividend per Share 2 1.954 1.883 1.921 1.979 1.82 1.911 1.999 2.093
Rate of return 3.7% 3.55% 3.9% 3.2% 3.27% 3.51% 3.67% 3.85%
EPS 2 2.61 3.364 2.88 2.576 2.59 2.958 3.23 3.444
Distribution rate 74.8% 56% 66.7% 76.8% 70.3% 64.6% 61.9% 60.8%
Net sales 1 52,444 60,073 59,604 60,761 50,503 51,648 53,815 55,741
EBITDA 1 11,382 11,408 11,510 12,803 11,394 11,712 12,302 12,855
EBIT 1 9,636 9,683 9,931 11,179 10,084 10,373 10,911 11,421
Net income 1 6,049 7,642 6,487 5,744 9,469 6,486 6,685 7,302
Net Debt 1 25,510 23,676 23,657 24,519 23,076 23,833 22,770 21,909
Reference price 2 52.85 53.04 49.26 61.87 55.70 54.42 54.42 54.42
Nbr of stocks (in thousands) 2,275,903 2,247,919 2,221,344 2,200,509 2,175,828 2,153,300 - -
Announcement Date 10/02/22 09/02/23 08/02/24 13/02/25 12/02/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
21.65x4.13x15.12x2.98% 342B
18.4x2.73x12.04x3.51% 134B
23.37x3.52x14.77x2.47% 68.5B
40.59x6.52x28.27x2.31% 47.83B
33.33x2.62x14.55x1.62% 35.76B
18.61x2.63x10.97x4.78% 33.94B
22.5x1.64x10.48x2.25% 19.87B
20.02x1.28x8.36x1.31% 18.86B
15.26x1.47x8.29x3.49% 17.97B
Average 23.75x 2.95x 13.65x 2.75% 79.84B
Weighted average by Cap. 22.73x 3.61x 14.69x 2.95%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield