ENXTAM:UNA

Stock Analysis Report

Executive Summary

The Unilever Group, together with its subsidiaries, operates in the fast-moving consumer goods industry worldwide.


Snowflake Analysis

Established dividend payer and slightly overvalued.


Similar Companies

Share Price & News

How has Unilever Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: UNA has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.7%

UNA

-1.1%

NL Personal Products

-1.6%

NL Market


1 Year Return

10.5%

UNA

14.1%

NL Personal Products

8.2%

NL Market

Return vs Industry: UNA underperformed the Dutch Personal Products industry which returned 14.1% over the past year.

Return vs Market: UNA exceeded the Dutch Market which returned 8.2% over the past year.


Shareholder returns

UNAIndustryMarket
7 Day-1.7%-1.1%-1.6%
30 Day4.0%2.4%0.9%
90 Day2.7%3.2%2.8%
1 Year14.0%10.5%16.6%14.1%12.6%8.2%
3 Year33.8%21.8%43.1%33.5%34.7%19.9%
5 Year61.8%38.5%66.5%48.4%47.3%18.2%

Price Volatility Vs. Market

How volatile is Unilever Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

39.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: UNA (€53.92) is trading below our estimate of fair value (€88.97)

Significantly Below Fair Value: UNA is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: UNA is poor value based on its PE Ratio (25.1x) compared to the Personal Products industry average (24x).

PE vs Market: UNA is poor value based on its PE Ratio (25.1x) compared to the Dutch market (18.8x).


Price to Earnings Growth Ratio

PEG Ratio: UNA is poor value based on its PEG Ratio (2.9x)


Price to Book Ratio

PB vs Industry: UNA is overvalued based on its PB Ratio (10.7x) compared to the XE Personal Products industry average (2.4x).


Next Steps

Future Growth

How is Unilever Group forecast to perform in the next 1 to 3 years based on estimates from 23 analysts?

8.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: UNA's forecast earnings growth (8.7% per year) is above the savings rate (-0.2%).

Earnings vs Market: UNA's earnings (8.7% per year) are forecast to grow slower than the Dutch market (12.6% per year).

High Growth Earnings: UNA's earnings are forecast to grow, but not significantly.

Revenue vs Market: UNA's revenue (3.6% per year) is forecast to grow slower than the Dutch market (6.8% per year).

High Growth Revenue: UNA's revenue (3.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: UNA's Return on Equity is forecast to be very high in 3 years time (56.6%).


Next Steps

Past Performance

How has Unilever Group performed over the past 5 years?

12.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: UNA has high quality earnings.

Growing Profit Margin: UNA's current net profit margins (10.8%) are lower than last year (18.4%).


Past Earnings Growth Analysis

Earnings Trend: UNA's earnings have grown by 12.2% per year over the past 5 years.

Accelerating Growth: UNA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: UNA had negative earnings growth (-40.1%) over the past year, making it difficult to compare to the Personal Products industry average (-7.2%).


Return on Equity

High ROE: Whilst UNA's Return on Equity (43.4%) is outstanding, this metric is skewed due to their high level of debt.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Unilever Group's financial position?


Financial Position Analysis

Short Term Liabilities: UNA's short term assets (€16.4B) do not cover its short term liabilities (€21.0B).

Long Term Liabilities: UNA's short term assets (€16.4B) do not cover its long term liabilities (€29.9B).


Debt to Equity History and Analysis

Debt Level: UNA's debt to equity ratio (189.6%) is considered high.

Reducing Debt: UNA's debt to equity ratio has increased from 87.9% to 189.6% over the past 5 years.

Debt Coverage: UNA's debt is well covered by operating cash flow (30.8%).

Interest Coverage: UNA's interest payments on its debt are well covered by EBIT (16.6x coverage).


Balance Sheet

Inventory Level: UNA has a high level of physical assets or inventory.

Debt Coverage by Assets: UNA's debt is not covered by short term assets (assets are 0.6x debt).


Next Steps

Dividend

What is Unilever Group's current dividend yield, its reliability and sustainability?

3.04%

Current Dividend Yield


Dividend Yield vs Market

company3.0%marketbottom25%2.0%markettop25%5.6%industryaverage2.2%forecastin3Years3.4%

Current dividend yield vs market & industry

Notable Dividend: UNA's dividend (3.04%) is higher than the bottom 25% of dividend payers in the Dutch market (2.01%).

High Dividend: UNA's dividend (3.04%) is low compared to the top 25% of dividend payers in the Dutch market (5.61%).


Stability and Growth of Payments

Stable Dividend: UNA's dividends per share have been stable in the past 10 years.

Growing Dividend: UNA's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (76.4%), UNA's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: UNA's dividends in 3 years are forecast to be covered by earnings (64.8% payout ratio).


Next Steps

Management

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

3.9yrs

Average management tenure


CEO

Alan Jope (55yo)

1.1yrs

Tenure

0

Mr. Alan W. Jope serves as an Executive Director at Unilever PLC and Unilever N.V. since May 02, 2019. He has been President of North Asia at Unilever South Africa (Pty) Ltd. since September 2011. Mr. Jope ...


Leadership Team

NamePositionTenureCompensationOwnership
Graeme Pitkethly
CFO & Executive Director3.8yrs€3.86m0.0071% 9.8m
Alan Jope
CEO & Executive Director1.1yrsno datano data
Nitin Paranjpe
Chief Operating Officer0.8yrsno datano data
Richard Williams
Head of Investor Relations0yrsno datano data
Ritva Sotamaa
Chief Legal Officer & Group Secretary7yrsno datano data
Conny Braams
Chief Digital & Marketing Officer0.08yrsno datano data
Leena Nair
Chief Human Resources Officer3.9yrsno data0.00077% 1.1m
Jan van der Bijl
Head of Group Taxation18.6yrsno datano data
T. Kruythoff
President of Home Care2.1yrsno datano data
Ulli Gritzuhn
Head of Germany5.6yrsno datano data

3.9yrs

Average Tenure

55yo

Average Age

Experienced Management: UNA's management team is considered experienced (3.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Graeme Pitkethly
CFO & Executive Director3.8yrs€3.86m0.0071% 9.8m
Alan Jope
CEO & Executive Director1.1yrsno datano data
Marijn Dekkers
Independent Non-Executive Director3.8yrs€757.00k0.00076% 1.1m
Feike Sijbesma
Non-Executive Director5.3yrs€135.00k0.00038% 528.2k
Vittorio Colao
Non-Executive Director4.6yrs€127.00k0.00021% 291.9k
John Rishton
Non-Executive Director6.8yrs€143.00k0.00020% 278.0k
Nils Andersen
Non-Executive Chairman0.3yrs€130.00k0.00080% 1.1m
May-Lung Cha
Non-Executive Director6.8yrs€115.00k0.00013% 180.7k
Jacobus Schraven
Chairman of Unilever NV Foundation0yrsno datano data
Youngme Moon
Vice Chairman & Senior Independent Director1.8yrs€147.00k0.00013% 180.7k

3.8yrs

Average Tenure

60yo

Average Age

Experienced Board: UNA's board of directors are considered experienced (3.8 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: UNA insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

The Unilever Group's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: The Unilever Group
  • Ticker: UNA
  • Exchange: ENXTAM
  • Founded: 1930
  • Industry: Personal Products
  • Sector: Household
  • Market Cap: €138.990b
  • Shares outstanding: 2.56b
  • Website: https://www.unilever.com

Number of Employees


Location

  • The Unilever Group
  • Weena 455
  • PO Box 760
  • Rotterdam
  • Zuid-Holland
  • 3000 DK
  • Netherlands

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
UNNYSE (New York Stock Exchange)N Y SHS NEWUSUSDJan 1968
UNINDB (Deutsche Boerse AG)N Y SHS NEWDEEURJan 1968
UNINXTRA (XETRA Trading Platform)N Y SHS NEWDEEURJan 1968
UNLY.FOTCPK (Pink Sheets LLC)PLC Ordinary SharesUSUSDJan 1975
ULVRLSE (London Stock Exchange)PLC Ordinary SharesGBGBPJan 1975
UNVBDB (Deutsche Boerse AG)PLC Ordinary SharesDEEURJan 1975
UNVBXTRA (XETRA Trading Platform)PLC Ordinary SharesDEEURJan 1975
ULVRLBATS-CHIXE (BATS 'Chi-X Europe')PLC Ordinary SharesGBGBPJan 1975
ULVRSEP (The Stock Exchange Prague Co. Ltd.)PLC Ordinary SharesCZCZKJan 1975
ULNYSE (New York Stock Exchange)ADS-EA REPR 1 ORD GPB0.03111USUSDMay 1992
UL NBMV (Bolsa Mexicana de Valores)ADS-EA REPR 1 ORD GPB0.03111MXMXNMay 1992
UNVADB (Deutsche Boerse AG)ADS-EA REPR 1 ORD GPB0.03111DEEURMay 1992
UNBASE (Buenos Aires Stock Exchange)CEDEAR EACH 3 REP 1 ORD EUR0.16(NY SHS)ARARSAug 2003
UNI2DB (Deutsche Boerse AG)YesNV Ordinary SharesDEEURMay 2006
UNAENXTAM (Euronext Amsterdam)YesNV Ordinary SharesNLEURMay 2006
UNLV.FOTCPK (Pink Sheets LLC)YesNV Ordinary SharesUSUSDMay 2006
0NXNLSE (London Stock Exchange)YesNV Ordinary SharesGBEURMay 2006
UNIAWBAG (Wiener Boerse AG)YesNV Ordinary SharesATEURMay 2006
UNAABATS-CHIXE (BATS 'Chi-X Europe')YesNV Ordinary SharesGBEURMay 2006
UNABIT (Borsa Italiana)YesNV Ordinary SharesITEURMay 2006

Biography

The Unilever Group, together with its subsidiaries, operates in the fast-moving consumer goods industry worldwide. It operates through three segments: Beauty & Personal Care, Foods & Refreshment, and Home Care. The Beauty & Personal Care segment offers skin care and hair care products, deodorants, and oral care products under the Axe, Dove, Lux, Rexona, and Sunsilk brands, as well as others, such as TRESemmé, Signal, Lifebuoy, and Vaseline brands. The Foods & Refreshment segment offers soups, bouillons, sauces, snacks, mayonnaise, salad dressings, margarines and spreads, ice cream, and tea-based beverages. This segment offers its products under the Knorr, Hellmann’s, Magnum, Lipton, and Heart brands, as well as others that include Brooke Bond and Ben & Jerry’s brands. It also includes local jewels comprising Bango and Robertson’s brands, as well as Pukka Herbs, Sir Kensington’s, and Mãe Terra brands. The Home Care segment offers home care products, including powders, liquids and capsules, soap bars, and various cleaning products under the Dirt is Good and Surf brands, as well as Comfort, Domestos, Sunlight, Cif, and Seventh Generation brands. It also provides air and water purification products under the Blueair, Pureit, and Truliva/Qinyuan brands. The company was founded in 1930 and is headquartered in Rotterdam, the Netherlands. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/23 21:26
End of Day Share Price2020/02/21 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.