Company Valuation: Unilever PLC

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 120,277 119,234 109,432 136,147 121,203 119,984 - -
Change - -0.87% -8.22% 24.41% -10.98% -1.01% - -
Enterprise Value (EV) 1 145,787 142,910 133,089 160,666 144,279 143,604 142,529 141,893
Change - -1.97% -6.87% 20.72% -10.2% -0.47% -0.75% -0.45%
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 6.95x 6.42x
PEG - 0.5x -1.2x -2.3x 40.28x 1.3x 1.87x 2.47x
Capitalization / Revenue 2.29x 1.98x 1.84x 2.24x 2.4x 2.32x 2.23x 2.15x
EV / Revenue 2.78x 2.38x 2.23x 2.64x 2.86x 2.78x 2.65x 2.55x
EV / EBITDA 12.8x 12.5x 11.6x 12.5x 12.7x 12.3x 11.6x 11x
EV / EBIT 15.1x 14.8x 13.4x 14.4x 14.3x 13.8x 13.1x 12.4x
EV / FCF 22.8x 25.3x 18.8x 23.2x 24.4x 22.3x 20.3x 19.3x
FCF Yield 4.39% 3.96% 5.33% 4.31% 4.1% 4.47% 4.92% 5.18%
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% 3.43% 3.59% 3.76%
EPS 2 2.61 3.364 2.88 2.576 2.59 2.959 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 55.72 55.72 55.72
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 2/10/22 A 2/9/23 A 2/8/24 A 2/13/25 A 2/12/26 A - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.48x4.1x15.01x3.01% 340B
18.97x2.8x12.34x3.4% 140B
24.38x3.65x15.35x2.37% 71.45B
41.37x6.66x28.92x2.23% 49.39B
33.73x2.57x14.28x1.6% 36.18B
19.72x2.76x11.52x4.5% 36.01B
23.42x1.71x10.97x2.16% 20.43B
20.41x1.31x8.52x1.29% 19.57B
16.16x1.55x8.86x3.28% 19.73B
Average 24.40x 3.01x 13.97x 2.65% 81.39B
Weighted average by Cap. 23.02x 3.63x 14.81x 2.91%

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