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UNIL

Unilever NigeriaNGSE:UNILEVER Stock Report

Market Cap

₦75.8b

7D

0%

1Y

-2.2%

Updated

17 Oct, 2021

Data

Company Financials +
UNILEVER fundamental analysis
Snowflake Score
Valuation0/6
Future Growth4/6
Past Performance0/6
Financial Health6/6
Dividends0/6

UNILEVER Overview

Unilever Nigeria Plc manufactures and markets food and personal care products primarily in Nigeria.

Rewards

Earnings are forecast to grow 56.41% per year

Risk Analysis

No risks detected for UNILEVER from our risk checks.

Price History & Performance

Summary of all time highs, changes and price drops for Unilever Nigeria
Historical stock prices
Current Share Price₦13.20
52 Week High₦11.40
52 Week Low₦15.75
Beta0.56
1 Month Change-2.22%
3 Month Change1.15%
1 Year Change-2.22%
3 Year Change-69.93%
5 Year Change-71.24%
Change since IPO312.91%

Recent News & Updates

Shareholder Returns

UNILEVERNG Household ProductsNG Market
7D0%0%1.6%
1Y-2.2%-7.4%40.0%

Return vs Industry: UNILEVER exceeded the NG Household Products industry which returned -7.4% over the past year.

Return vs Market: UNILEVER underperformed the NG Market which returned 40% over the past year.

Price Volatility

Is UNILEVER's price volatile compared to industry and market?
UNILEVER volatility
UNILEVER Beta0.56
Industry Beta0.46
Market Beta1

Stable Share Price: UNILEVER is not significantly more volatile than the rest of NG stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: UNILEVER's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1923777Carl Raymond Cruzhttps://www.unilevernigeria.com

Unilever Nigeria Plc manufactures and markets food and personal care products primarily in Nigeria. The company offers toothpastes under the Close-Up and Pepsodent brands; soaps under the LUX, Lifebuoy, and Rexona brands; lotions and petroleum jellies under the Vaseline brand name; tea under the Lipton yellow brand name; and bouillon cubes under the Knorr, Glen Tea, and Royco brands. It also provides multi-active detergents under the OMO brand name; washing powders, washing bar soaps, and dish washing liquids under the Sunlight brand name; and baby products under the Pears brand name.

Unilever Nigeria Fundamentals Summary

How do Unilever Nigeria's earnings and revenue compare to its market cap?
UNILEVER fundamental statistics
Market Cap₦75.83b
Earnings (TTM)-₦2.73b
Revenue (TTM)₦73.77b

1.0x

P/S Ratio

-27.8x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
UNILEVER income statement (TTM)
Revenue₦73.77b
Cost of Revenue₦57.25b
Gross Profit₦16.52b
Expenses₦19.25b
Earnings-₦2.73b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.48
Gross Margin22.39%
Net Profit Margin-3.70%
Debt/Equity Ratio0%

How did UNILEVER perform over the long term?

See historical performance and comparison

Valuation

Is Unilever Nigeria undervalued compared to its fair value and its price relative to the market?

1.21x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: UNILEVER (NGN13.2) is trading above our estimate of fair value (NGN1.21)

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


Price To Earnings Ratio

PE vs Industry: UNILEVER is unprofitable, so we can't compare its PE Ratio to the Global Household Products industry average.

PE vs Market: UNILEVER is unprofitable, so we can't compare its PE Ratio to the NG market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate UNILEVER's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: UNILEVER's PB Ratio (1.2x) is in line with the XF Household Products industry average.


Future Growth

How is Unilever Nigeria forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

56.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: UNILEVER is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (13.2%).

Earnings vs Market: UNILEVER is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: UNILEVER's is expected to become profitable in the next 3 years.

Revenue vs Market: UNILEVER's revenue (10.8% per year) is forecast to grow faster than the NG market (10.4% per year).

High Growth Revenue: UNILEVER's revenue (10.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: UNILEVER's Return on Equity is forecast to be low in 3 years time (6.8%).


Past Performance

How has Unilever Nigeria performed over the past 5 years?

-44.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: UNILEVER is currently unprofitable.

Growing Profit Margin: UNILEVER is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: UNILEVER is unprofitable, and losses have increased over the past 5 years at a rate of 44% per year.

Accelerating Growth: Unable to compare UNILEVER's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: UNILEVER is unprofitable, making it difficult to compare its past year earnings growth to the Household Products industry (8.6%).


Return on Equity

High ROE: UNILEVER has a negative Return on Equity (-4.35%), as it is currently unprofitable.


Financial Health

How is Unilever Nigeria's financial position?


Financial Position Analysis

Short Term Liabilities: UNILEVER's short term assets (NGN70.2B) exceed its short term liabilities (NGN32.0B).

Long Term Liabilities: UNILEVER's short term assets (NGN70.2B) exceed its long term liabilities (NGN1.6B).


Debt to Equity History and Analysis

Debt Level: UNILEVER is debt free.

Reducing Debt: UNILEVER has no debt compared to 5 years ago when its debt to equity ratio was 146.4%.

Debt Coverage: UNILEVER has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: UNILEVER has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Unilever Nigeria current dividend yield, its reliability and sustainability?

0.81%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate UNILEVER's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate UNILEVER's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if UNILEVER's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if UNILEVER's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: UNILEVER is not paying a notable dividend for the NG market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of UNILEVER's dividend in 3 years as they are not forecast to pay a notable one for the NG market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.4yrs

Average board tenure


CEO

Carl Raymond Cruz

1.67yrs

Tenure

Mr. Carl Raymond R. Cruz serves as Managing Director and Director at Unilever Nigeria Plc since February 01, 2020 and served as its Vice President of Ghana-Nigeria. He is the Vice President of West Africa...


Board Members

Experienced Board: UNILEVER's board of directors are considered experienced (5.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Unilever Nigeria Plc's employee growth, exchange listings and data sources


Key Information

  • Name: Unilever Nigeria Plc
  • Ticker: UNILEVER
  • Exchange: NGSE
  • Founded: 1923
  • Industry: Household Products
  • Sector: Household
  • Market Cap: ₦75.834b
  • Shares outstanding: 5.75b
  • Website: https://www.unilevernigeria.com

Number of Employees


Location

  • Unilever Nigeria Plc
  • 1 Billings Way
  • Oregun
  • Lagos
  • Nigeria

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/17 15:22
End of Day Share Price2021/10/15 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.