Unilever Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • 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 ULVR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ULVR (£44.5) is trading above our estimate of fair value (£43.51)

Significantly Below Fair Value: ULVR is trading above our estimate of fair value.


Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

ULVR key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2.7x
Enterprise Value/EBITDA14.4x
PEG Ratio4.7x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for ULVR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average33.8x
HLN Haleon
27.3x12.0%UK£29.6b
RKT Reckitt Benckiser Group
18.8x10.9%UK£30.8b
W7L Warpaint London
32.5x14.7%UK£451.8m
500696 Hindustan Unilever
56.7x8.6%₹5.8t
ULVR Unilever
20.3x4.4%UK£111.1b

Price-To-Earnings vs Peers: ULVR is good value based on its Price-To-Earnings Ratio (20.3x) compared to the peer average (33.8x).


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a6.2%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a6.2%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: ULVR is good value based on its Price-To-Earnings Ratio (20.3x) compared to the European Personal Products industry average (25.1x).


Price to Earnings Ratio vs Fair Ratio

What is ULVR'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.

ULVR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio20.3x
Fair PE Ratio29.1x

Price-To-Earnings vs Fair Ratio: ULVR is good value based on its Price-To-Earnings Ratio (20.3x) compared to the estimated Fair Price-To-Earnings Ratio (29.1x).


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 ULVR forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£44.50
UK£44.14
-0.8%
11.5%UK£50.96UK£36.44n/a16
Jun ’25UK£42.79
UK£43.77
+2.3%
11.0%UK£51.41UK£36.77n/a16
May ’25UK£41.40
UK£42.72
+3.2%
11.5%UK£49.92UK£35.94n/a16
Apr ’25UK£39.76
UK£42.05
+5.8%
12.6%UK£50.07UK£34.04n/a16
Mar ’25UK£38.68
UK£41.65
+7.7%
12.7%UK£50.10UK£34.07n/a18
Feb ’25UK£38.56
UK£41.07
+6.5%
12.2%UK£50.31UK£32.75n/a18
Jan ’25UK£38.00
UK£41.93
+10.3%
12.8%UK£51.05UK£32.71n/a19
Dec ’24UK£37.81
UK£42.69
+12.9%
12.0%UK£50.67UK£32.61n/a19
Nov ’24UK£38.87
UK£43.28
+11.4%
11.4%UK£51.12UK£32.90n/a19
Oct ’24UK£40.62
UK£43.98
+8.3%
11.1%UK£51.59UK£32.36n/a18
Sep ’24UK£40.29
UK£44.16
+9.6%
11.9%UK£53.17UK£32.03n/a19
Aug ’24UK£42.02
UK£44.13
+5.0%
11.9%UK£53.11UK£32.00n/a19
Jul ’24UK£40.98
UK£43.36
+5.8%
12.3%UK£51.09UK£30.86n/a18
Jun ’24UK£40.18
UK£43.33
+7.8%
12.4%UK£51.41UK£31.06UK£42.7918
May ’24UK£44.37
UK£43.26
-2.5%
12.6%UK£52.22UK£31.55UK£41.4018
Apr ’24UK£41.90
UK£42.27
+0.9%
12.1%UK£50.94UK£30.01UK£39.7618
Mar ’24UK£41.38
UK£42.59
+2.9%
12.1%UK£51.38UK£30.27UK£38.6818
Feb ’24UK£41.33
UK£42.83
+3.6%
12.4%UK£52.77UK£30.58UK£38.5618
Jan ’24UK£41.82
UK£42.78
+2.3%
10.9%UK£49.39UK£32.10UK£38.0018
Dec ’23UK£41.80
UK£42.20
+1.0%
9.3%UK£48.10UK£31.31UK£37.8119
Nov ’23UK£39.48
UK£41.64
+5.5%
10.9%UK£48.20UK£31.38UK£38.8720
Oct ’23UK£39.69
UK£41.95
+5.7%
10.2%UK£47.86UK£34.00UK£40.6220
Sep ’23UK£38.79
UK£40.88
+5.4%
10.4%UK£47.77UK£33.84UK£40.2920
Aug ’23UK£39.89
UK£40.88
+2.5%
10.4%UK£47.77UK£33.84UK£42.0220
Jul ’23UK£38.00
UK£39.85
+4.9%
11.7%UK£48.35UK£33.34UK£40.9820
Jun ’23UK£37.05
UK£39.84
+7.5%
11.5%UK£47.88UK£33.02UK£40.1820

Analyst Forecast: Target price is lower than the current share price.


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