Company Valuation: Unilever PLC

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 120,277 119,234 109,432 136,147 121,203 119,330 - -
Change - -0.87% -8.22% 24.41% -10.98% -1.55% - -
Enterprise Value (EV) 1 145,787 142,910 133,089 160,666 144,279 142,950 141,875 141,239
Change - -1.97% -6.87% 20.72% -10.2% -0.92% -0.75% -0.45%
P/E 20.2x 15.8x 17.1x 24x 21.5x 18.7x 17.1x 16.1x
PBR 7.03x 6.27x 6.05x 6.81x 7.82x 7.43x 6.91x 6.39x
PEG - 0.5x -1.2x -2.3x 40.28x 1.3x 1.86x 2.46x
Capitalization / Revenue 2.29x 1.98x 1.84x 2.24x 2.4x 2.31x 2.22x 2.14x
EV / Revenue 2.78x 2.38x 2.23x 2.64x 2.86x 2.77x 2.64x 2.53x
EV / EBITDA 12.8x 12.5x 11.6x 12.5x 12.7x 12.2x 11.5x 11x
EV / EBIT 15.1x 14.8x 13.4x 14.4x 14.3x 13.8x 13x 12.4x
EV / FCF 22.8x 25.3x 18.8x 23.2x 24.4x 22.2x 20.2x 19.2x
FCF Yield 4.39% 3.96% 5.33% 4.31% 4.1% 4.5% 4.94% 5.2%
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% 3.45% 3.61% 3.78%
EPS 2 2.61 3.364 2.88 2.576 2.59 2.96 3.232 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 51,662 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 23,620 22,545 21,909
Reference price 2 52.85 53.04 49.26 61.87 55.70 55.42 55.42 55.42
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.58x4.12x15.08x2.99% 341B
18.63x2.75x12.15x3.47% 138B
24.5x3.67x15.42x2.36% 71.82B
40.69x6.55x28.44x2.27% 48.77B
19.93x2.79x11.62x4.45% 36.4B
34.02x2.59x14.39x1.58% 36.49B
22.87x1.67x10.72x2.2% 20.65B
20.15x1.29x8.38x1.3% 19.37B
15.84x1.52x8.73x3.36% 19.38B
Average 24.25x 3.00x 13.88x 2.66% 81.34B
Weighted average by Cap. 22.97x 3.63x 14.77x 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