Company Valuation: Unilever PLC

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 120,277 119,234 109,432 136,147 121,203 130,055 - -
Change - -0.87% -8.22% 24.41% -10.98% 7.3% - -
Enterprise Value (EV) 1 145,787 142,910 133,089 160,666 144,279 154,075 153,093 152,502
Change - -1.97% -6.87% 20.72% -10.2% 6.79% -0.64% -0.39%
P/E 20.2x 15.8x 17.1x 24x 21.5x 19.7x 18.1x 17.3x
PBR 7.03x 6.27x 6.05x 6.81x 7.82x 8.18x 7.5x 6.86x
PEG - 0.5x -1.2x -2.3x 40.28x 1.1x 2.05x 3.99x
Capitalization / Revenue 2.29x 1.98x 1.84x 2.24x 2.4x 2.5x 2.39x 2.3x
EV / Revenue 2.78x 2.38x 2.23x 2.64x 2.86x 2.96x 2.81x 2.7x
EV / EBITDA 12.8x 12.5x 11.6x 12.5x 12.7x 13.1x 12.3x 11.7x
EV / EBIT 15.1x 14.8x 13.4x 14.4x 14.3x 14.8x 13.9x 13.2x
EV / FCF 22.8x 25.3x 18.8x 23.2x 24.4x 23.9x 21.4x 20.8x
FCF Yield 4.39% 3.96% 5.33% 4.31% 4.1% 4.18% 4.67% 4.8%
Dividend per Share 2 1.954 1.883 1.921 1.979 1.82 1.926 2.015 2.124
Rate of return 3.7% 3.55% 3.9% 3.2% 3.27% 3.19% 3.34% 3.52%
EPS 2 2.61 3.364 2.88 2.576 2.59 3.068 3.34 3.484
Distribution rate 74.8% 56% 66.7% 76.8% 70.3% 62.8% 60.3% 61%
Net sales 1 52,444 60,073 59,604 60,761 50,503 52,046 54,509 56,549
EBITDA 1 11,382 11,408 11,510 12,803 11,394 11,772 12,447 12,980
EBIT 1 9,636 9,683 9,931 11,179 10,084 10,436 11,037 11,543
Net income 1 6,049 7,642 6,487 5,744 9,469 6,598 6,910 7,356
Net Debt 1 25,510 23,676 23,657 24,519 23,076 24,020 23,037 22,447
Reference price 2 52.85 53.04 49.26 61.87 55.70 60.41 60.41 60.41
Nbr of stocks (in thousands) 2,275,903 2,247,919 2,221,344 2,200,509 2,175,828 2,152,978 - -
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
24.46x4.6x16.84x2.63% 387B
34.78x5.26x21.87x1.69% 272B
19.69x2.96x13.09x3.19% 146B
27.13x3.97x16.58x2.15% 78.45B
18.83x4.4x20.41x4.67% 67.78B
62.59x8.86x34.21x0.25% 55.83B
41.22x6.54x28.77x2.29% 49.28B
35.14x2.7x14.46x1.34% 39B
25.17x1.84x11.75x2.01% 22.29B
Average 32.11x 4.57x 19.77x 2.25% 124.23B
Weighted average by Cap. 29.22x 4.67x 18.98x 2.37%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Unilever PLC

Historical PBR trend

Valuation ratios - PBR - Unilever PLC

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Unilever PLC

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Unilever PLC


Year-on-year evolution of the Yield

Valuation ratios - Yield - Unilever PLC