Projected Income Statement: Unilever PLC

Forecast Balance Sheet: Unilever PLC

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 23,165 20,928 25,510 23,676 23,657 23,830 21,962 20,711
Change - -9.66% 21.89% -7.19% -0.08% 0.73% -7.84% -5.7%
Announcement Date 30/01/20 04/02/21 10/02/22 09/02/23 08/02/24 - - -
1EUR in Million
Estimates

Cash Flow Forecast: Unilever PLC

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
CAPEX 1 1,429 932 1,239 1,627 1,703 1,822 1,909 1,989
Change - -34.78% 32.94% 31.32% 4.67% 6.98% 4.8% 4.18%
Free Cash Flow (FCF) 1 6,680 7,671 6,393 5,655 7,091 6,885 7,542 7,910
Change - 14.84% -16.66% -11.54% 25.39% -2.91% 9.54% 4.88%
Announcement Date 30/01/20 04/02/21 10/02/22 09/02/23 08/02/24 - - -
1EUR in Million
Estimates

Forecast Financial Ratios: Unilever PLC

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026

Profitability

        
EBITDA Margin (%) 22.91% 22.44% 21.7% 18.99% 19.31% 20.88% 21.26% 21.45%
EBIT Margin (%) 19.14% 18.47% 18.37% 16.12% 16.66% 18.27% 18.58% 18.81%
EBT Margin (%) 15.95% 15.76% 16.31% 17.21% 15.67% 16.54% 17.27% 17.75%
Net margin (%) 10.82% 11% 11.53% 12.72% 10.88% 11.13% 11.64% 11.93%
FCF margin (%) 12.85% 15.12% 12.19% 9.41% 11.9% 11.36% 12.01% 12.23%
FCF / Net Income (%) 118.76% 137.45% 105.69% 74% 109.31% 102.08% 103.18% 102.49%

Profitability

        
ROA 10.62% 9.86% 9.58% 8.59% 8.61% 9.46% 10.15% 10.54%
ROE 54.4% 45.91% 42.25% 36.36% 35.49% 39.43% 40.07% 37.86%

Financial Health

        
Leverage (Debt/EBITDA) 1.94x 1.84x 2.24x 2.08x 2.06x 1.88x 1.64x 1.49x
Debt / Free cash flow 3.47x 2.73x 3.99x 4.19x 3.34x 3.46x 2.91x 2.62x

Capital Intensity

        
CAPEX / Current Assets (%) 2.75% 1.84% 2.36% 2.71% 2.86% 3.01% 3.04% 3.08%
CAPEX / EBITDA (%) 12% 8.19% 10.89% 14.26% 14.8% 14.4% 14.3% 14.34%
CAPEX / FCF (%) 21.39% 12.15% 19.38% 28.77% 24.02% 26.46% 25.32% 25.15%

Items per share

        
Cash flow per share 1 3.087 3.444 3.055 2.879 3.722 3.358 3.645 3.896
Change - 11.57% -11.31% -5.74% 29.27% -9.78% 8.55% 6.89%
Dividend per Share 1 1.64 1.658 1.736 1.674 1.707 1.779 1.929 2.035
Change - 1.1% 4.73% -3.62% 2.01% 4.19% 8.42% 5.51%
Book Value Per Share 1 - 5.822 6.68 7.521 7.24 7.695 8.385 9.215
Change - - 14.73% 12.6% -3.74% 6.29% 8.96% 9.9%
EPS 1 2.14 2.12 2.32 2.99 2.56 2.674 2.902 3.056
Change - -0.93% 9.43% 28.88% -14.38% 4.45% 8.55% 5.28%
Nbr of stocks (in thousands) 2,641,716 2,624,898 2,560,390 2,528,909 2,499,012 2,475,623 2,475,623 2,475,623
Announcement Date 30/01/20 04/02/21 10/02/22 09/02/23 08/02/24 - - -
1EUR
Estimates
2024 *2025 *
P/E ratio 21.2x 19.5x
PBR 7.35x 6.75x
EV / Sales 2.7x 2.58x
Yield 3.14% 3.41%
More valuation ratios * Estimated data

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Trading Rating
Investor Rating
ESG MSCI
AAA
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
18
Last Close Price
56.57EUR
Average target price
59.84EUR
Spread / Average Target
+5.79%
Consensus

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Equities
  3. ULVR Stock
  4. Financials Unilever PLC