Company Valuation: PT Unilever Indonesia Tbk

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 280,402,500 156,796,500 179,305,000 134,669,500 71,912,750 99,890,644 - -
Change - -44.08% 14.36% -24.89% -46.6% 38.91% - -
Enterprise Value (EV) 1 283,533 158,321 179,402 133,649 72,692 98,541 98,933 98,283
Change - -44.16% 13.32% -25.5% -45.61% 35.56% 0.4% -0.66%
P/E ratio 39.1x 27.2x 33.3x 28x 21.4x 23.2x 23x 22x
PBR 56.8x 36.3x 44.9x 39.8x 33.5x 30.3x 31.1x 30.9x
PEG - -1.4x -5.03x -2.6x -0.7x 0.8x 19.81x 4.88x
Capitalization / Revenue 6.53x 3.96x 4.35x 3.49x 2.05x 2.82x 2.79x 2.69x
EV / Revenue 6.6x 4x 4.35x 3.46x 2.07x 2.78x 2.77x 2.64x
EV / EBITDA 26.9x 18.1x 22.1x 18.5x 13.7x 15.3x 15.1x 14.5x
EV / EBIT 29.9x 20.6x 25.4x 21.3x 16.5x 17.5x 17.3x 16.4x
EV / FCF 36.8x 21.6x 24.2x 21.3x 25.2x 22.1x 21.4x 20.4x
FCF Yield 2.72% 4.62% 4.14% 4.7% 3.97% 4.52% 4.67% 4.9%
Dividend per Share 3 194 150 140 - - 104.1 116.3 112.6
Rate of return 2.64% 3.65% 2.98% - - 3.96% 4.42% 4.28%
EPS 3 188 151 141 126 88 113.2 114.5 119.7
Distribution rate 103% 99.3% 99.3% - - 91.9% 102% 94.1%
Net sales 1 42,972 39,546 41,219 38,611 35,139 35,420 35,743 37,164
EBITDA 1 10,554 8,756 8,123 7,233 5,292 6,437 6,534 6,791
EBIT 1 9,471 7,678 7,070 6,279 4,415 5,645 5,712 5,988
Net income 1 7,164 5,758 5,365 4,801 3,369 4,787 4,352 4,554
Net Debt 1 3,131 1,525 97.12 -1,021 778.8 -1,350 -957.6 -1,608
Reference price 3 7,350.00 4,110.00 4,700.00 3,530.00 1,885.00 2,630.00 2,630.00 2,630.00
Nbr of stocks (in thousands) 38,150,000 38,150,000 38,150,000 38,150,000 38,150,000 37,981,233 - -
Announcement Date 2/3/21 2/10/22 2/9/23 2/7/24 2/13/25 - - -
1IDR in Million2IDR in Billions3IDR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
23.23x2.78x15.31x3.96% 6B
20.78x3.4x12.16x3.53% 53.93B
25.81x3.57x15.67x1.4% 20.32B
18.28x2.42x12.33x4.79% 12.69B
16.84x1.8x10.01x3.75% 5.14B
17.53x0.81x6.4x1.83% 2.89B
33.58x4.28x22.76x - 2.76B
28.5x3.31x20.28x1.6% 1.15B
Average 23.07x 2.80x 14.36x 2.98% 13.11B
Weighted average by Cap. 21.73x 3.15x 13.14x 3.23%
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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

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