Company Valuation: Unilever PLC

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 120,277 119,234 109,432 136,147 121,203 120,158 - -
Change - -0.87% -8.22% 24.41% -10.98% -0.86% - -
Enterprise Value (EV) 1 145,787 142,910 133,089 160,666 144,279 143,992 142,932 142,066
Change - -1.97% -6.87% 20.72% -10.2% -0.2% -0.74% -0.61%
P/E 20.2x 15.8x 17.1x 24x 21.5x 18.8x 17.2x 16.2x
PBR 7.03x 6.27x 6.05x 6.81x 7.82x 7.47x 6.94x 6.43x
PEG - 0.5x -1.2x -2.3x 40.28x 1.3x 1.83x 2.56x
Capitalization / Revenue 2.29x 1.98x 1.84x 2.24x 2.4x 2.33x 2.23x 2.16x
EV / Revenue 2.78x 2.38x 2.23x 2.64x 2.86x 2.79x 2.66x 2.55x
EV / EBITDA 12.8x 12.5x 11.6x 12.5x 12.7x 12.3x 11.6x 11.1x
EV / EBIT 15.1x 14.8x 13.4x 14.4x 14.3x 13.9x 13.1x 12.4x
EV / FCF 22.8x 25.3x 18.8x 23.2x 24.4x 22.4x 20.4x 19.3x
FCF Yield 4.39% 3.96% 5.33% 4.31% 4.1% 4.46% 4.9% 5.17%
Dividend per Share 2 1.954 1.883 1.921 1.979 1.82 1.912 2.001 2.093
Rate of return 3.7% 3.55% 3.9% 3.2% 3.27% 3.43% 3.59% 3.75%
EPS 2 2.61 3.364 2.88 2.576 2.59 2.961 3.24 3.444
Distribution rate 74.8% 56% 66.7% 76.8% 70.3% 64.6% 61.8% 60.8%
Net sales 1 52,444 60,073 59,604 60,761 50,503 51,666 53,820 55,741
EBITDA 1 11,382 11,408 11,510 12,803 11,394 11,710 12,300 12,855
EBIT 1 9,636 9,683 9,931 11,179 10,084 10,371 10,909 11,421
Net income 1 6,049 7,642 6,487 5,744 9,469 6,482 6,679 7,302
Net Debt 1 25,510 23,676 23,657 24,519 23,076 23,834 22,774 21,909
Reference price 2 52.85 53.04 49.26 61.87 55.70 55.80 55.80 55.80
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
20.94x4.04x14.73x3.06% 334B
18.62x2.79x12.3x3.43% 139B
24.68x3.69x15.52x2.34% 72.34B
41.7x6.72x29.15x2.21% 49.42B
34.87x2.65x14.72x1.55% 37.41B
20.16x2.82x11.74x4.4% 36.82B
23.64x1.73x11.04x2.15% 20.56B
21.2x1.38x8.96x1.24% 20.35B
16.22x1.55x8.89x3.27% 19.81B
Average 24.67x 3.04x 14.12x 2.63% 81.12B
Weighted average by Cap. 22.90x 3.61x 14.75x 2.92%

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