Unilever PLC

DB:UNVB Stock Report

Market Cap: €138.3b

Unilever Valuation

Is UNVB undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of UNVB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: UNVB (€55.76) is trading below our estimate of fair value (€58.57)

Significantly Below Fair Value: UNVB is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for UNVB?

Key metric: As UNVB is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for UNVB. This is calculated by dividing UNVB's market cap by their current earnings.
What is UNVB's PE Ratio?
PE Ratio20.8x
Earnings€6.64b
Market Cap€138.32b

Price to Earnings Ratio vs Peers

How does UNVB's PE Ratio compare to its peers?

The above table shows the PE ratio for UNVB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average34.8x
BEI Beiersdorf
37.3x12.7%€27.6b
HEN3 Henkel KGaA
19.6x6.5%€32.6b
OR L'Oréal
28.2x7.5%€183.0b
500696 Hindustan Unilever
54x9.6%₹5.5t
UNVB Unilever
20.8x5.7%€114.1b

Price-To-Earnings vs Peers: UNVB is good value based on its Price-To-Earnings Ratio (20.8x) compared to the peer average (34.8x).

Price to Earnings Ratio vs Industry

How does UNVB's PE Ratio compare vs other companies in the European Personal Products Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
UNVB 20.8xIndustry Avg. 24.2xNo. of Companies4PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: UNVB is good value based on its Price-To-Earnings Ratio (20.8x) compared to the European Personal Products industry average (24.2x).

Price to Earnings Ratio vs Fair Ratio

What is UNVB's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

UNVB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio20.8x
Fair PE Ratio30.6x

Price-To-Earnings vs Fair Ratio: UNVB is good value based on its Price-To-Earnings Ratio (20.8x) compared to the estimated Fair Price-To-Earnings Ratio (30.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst UNVB forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€55.76
€59.31
+6.4%
11.5%€67.58€46.94n/a17
Dec ’25€56.58
€59.08
+4.4%
11.7%€67.21€46.94n/a17
Nov ’25€56.92
€59.05
+3.7%
11.8%€68.41€46.81n/a17
Oct ’25€58.36
€58.41
+0.08%
11.5%€67.49€46.68n/a17
Sep ’25€58.22
€58.05
-0.3%
11.5%€67.49€46.32n/a17
Aug ’25€56.54
€56.61
+0.1%
12.3%€67.49€44.89n/a17
Jul ’25€51.20
€52.71
+2.9%
11.1%€61.29€43.21n/a16
Jun ’25€50.10
€51.46
+2.7%
11.1%€60.47€43.21n/a16
May ’25€48.07
€49.93
+3.9%
11.5%€58.34€42.00n/a16
Apr ’25€46.52
€49.20
+5.8%
12.6%€58.58€39.83n/a16
Mar ’25€45.11
€48.70
+8.0%
12.7%€58.58€39.84n/a18
Feb ’25€45.25
€48.06
+6.2%
12.2%€58.87€38.32n/a18
Jan ’25€43.81
€48.36
+10.4%
12.8%€58.87€37.72n/a19
Dec ’24€44.54
€49.38
+10.9%
12.0%€58.62€37.72€56.5819
Nov ’24€44.73
€49.63
+11.0%
11.4%€58.62€37.72€56.9219
Oct ’24€46.95
€50.59
+7.7%
11.1%€59.34€37.22€58.3618
Sep ’24€47.02
€51.30
+9.1%
11.9%€61.78€37.22€58.2219
Aug ’24€48.85
€51.33
+5.1%
11.9%€61.78€37.22€56.5419
Jul ’24€47.70
€50.46
+5.8%
12.3%€59.46€35.92€51.2018
Jun ’24€46.87
€50.12
+6.9%
12.4%€59.46€35.92€50.1018
May ’24€50.35
€49.26
-2.2%
12.6%€59.46€35.92€48.0718
Apr ’24€48.04
€48.01
-0.05%
12.1%€57.86€34.09€46.5218
Mar ’24€46.88
€47.97
+2.3%
12.1%€57.86€34.09€45.1118
Feb ’24€46.66
€48.25
+3.4%
12.4%€59.45€34.45€45.2518
Jan ’24€47.29
€48.54
+2.6%
10.9%€56.03€36.42€43.8118
Dec ’23€48.68
€49.09
+0.8%
9.3%€55.94€36.42€44.5419

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/18 13:08
End of Day Share Price 2024/12/18 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Unilever PLC is covered by 75 analysts. 21 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Robert Jan VosABN AMRO Bank N.V.
Pierre-Yves GauthierAlphaValue
null nullArgus Research Company