Company Valuation: Unilever PLC

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 120,277 119,234 109,432 136,147 121,203 116,697 - -
Change - -0.87% -8.22% 24.41% -10.98% -3.72% - -
Enterprise Value (EV) 1 145,787 142,910 133,089 160,666 144,279 140,530 139,467 138,606
Change - -1.97% -6.87% 20.72% -10.2% -2.6% -0.76% -0.62%
P/E 20.2x 15.8x 17.1x 24x 21.5x 18.2x 16.8x 15.7x
PBR 7.03x 6.27x 6.05x 6.81x 7.82x 7.27x 6.76x 6.25x
PEG - 0.5x -1.2x -2.3x 40.28x 1.2x 1.95x 2.37x
Capitalization / Revenue 2.29x 1.98x 1.84x 2.24x 2.4x 2.26x 2.17x 2.09x
EV / Revenue 2.78x 2.38x 2.23x 2.64x 2.86x 2.72x 2.59x 2.49x
EV / EBITDA 12.8x 12.5x 11.6x 12.5x 12.7x 12x 11.3x 10.8x
EV / EBIT 15.1x 14.8x 13.4x 14.4x 14.3x 13.5x 12.8x 12.1x
EV / FCF 22.8x 25.3x 18.8x 23.2x 24.4x 22.1x 19.9x 19.1x
FCF Yield 4.39% 3.96% 5.33% 4.31% 4.1% 4.52% 5.02% 5.24%
Dividend per Share 2 1.954 1.883 1.921 1.979 1.82 1.915 2.009 2.114
Rate of return 3.7% 3.55% 3.9% 3.2% 3.27% 3.53% 3.71% 3.9%
EPS 2 2.61 3.364 2.88 2.576 2.59 2.974 3.23 3.444
Distribution rate 74.8% 56% 66.7% 76.8% 70.3% 64.4% 62.2% 61.4%
Net sales 1 52,444 60,073 59,604 60,761 50,503 51,702 53,815 55,741
EBITDA 1 11,382 11,408 11,510 12,803 11,394 11,720 12,302 12,855
EBIT 1 9,636 9,683 9,931 11,179 10,084 10,383 10,911 11,421
Net income 1 6,049 7,642 6,487 5,744 9,469 6,522 6,685 7,302
Net Debt 1 25,510 23,676 23,657 24,519 23,076 23,833 22,770 21,909
Reference price 2 52.85 53.04 49.26 61.87 55.70 54.19 54.19 54.19
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 2/9/23 2/8/24 2/13/25 2/12/26 - - -
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
18.23x2.72x11.99x3.53% 133B
23.4x3.52x14.79x2.47% 68.6B
40.44x6.49x28.17x2.32% 47.63B
18.75x2.65x11.04x4.74% 34.19B
32.33x2.52x13.99x1.69% 34.18B
22.73x1.66x10.59x2.22% 20.2B
20.71x1.34x8.75x1.27% 19.52B
15.09x1.45x8.2x3.54% 17.7B
Average 23.68x 2.94x 13.61x 2.75% 79.41B
Weighted average by Cap. 22.57x 3.59x 14.60x 2.97%

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