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Unilever

ENXTAM:UNA
Snowflake Description

Solid track record established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
UNA
ENXTAM
€127B
Market Cap
  1. Home
  2. NL
  3. Household
Company description

Unilever N.V. operates in the fast-moving consumer goods industry worldwide. The last earnings update was 23 days ago. More info.


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UNA Share Price and Events
7 Day Returns
-0.3%
ENXTAM:UNA
-0.1%
Europe Personal Products
0.1%
NL Market
1 Year Returns
12.2%
ENXTAM:UNA
14.5%
Europe Personal Products
1.3%
NL Market
UNA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Unilever (UNA) -0.3% 3.9% -0.3% 12.2% 24% 69.8%
Europe Personal Products -0.1% 6.3% 2.1% 14.5% 32.2% 70.9%
NL Market 0.1% 6.3% 4.9% 1.3% 27.3% 26.3%
1 Year Return vs Industry and Market
  • UNA underperformed the Personal Products industry which returned 14.5% over the past year.
  • UNA outperformed the Market in Netherlands which returned 1.3% over the past year.
Price Volatility
UNA
Industry
5yr Volatility vs Market

UNA Value

 Is Unilever undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Unilever to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data    Our calculation method for this is changing soon.

Below are the data sources, inputs and calculation used to determine the intrinsic value for Unilever.

ENXTAM:UNA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 23 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.1%
Perpetual Growth Rate 10-Year NL Government Bond Rate 0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ENXTAM:UNA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year NL Govt Bond Rate 0.4%
Equity Risk Premium S&P Global 9.6%
Personal Products Unlevered Beta Simply Wall St/ S&P Global 0.38
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.384 (1 + (1- 25%) (19.52%))
0.441
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.37% + (0.8 * 9.63%)
8.07%

Discounted Cash Flow Calculation for ENXTAM:UNA using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Unilever is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

ENXTAM:UNA DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (EUR, Millions) 6,323.82 7,257.86 7,791.15 8,396.00 8,534.48
Source Analyst x15 Analyst x14 Analyst x9 Analyst x1 Est @ 1.65%
Present Value
Discounted (@ 8.07%)
5,851.38 6,213.93 6,172.17 6,154.43 5,788.56
Present value of next 5 years cash flows €30,180.46
ENXTAM:UNA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= €8,534.48 × (1 + 0.37%) ÷ (8.07% – 0.37%)
€111,189.71
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= €111,189.71 ÷ (1 + 8.07%)5
€75,415.13
ENXTAM:UNA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= €30,180.46 + €75,415.13
€105,595.59
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €105,595.59 / 2,613.61
€40.4
ENXTAM:UNA Discount to Share Price
Calculation Result
Value per share (EUR) From above. €40.40
Current discount Discount to share price of €48.78
= -1 x (€48.78 - €40.40) / €40.40
-20.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Unilever is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Unilever's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Unilever's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ENXTAM:UNA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €3.50
ENXTAM:UNA Share Price ** ENXTAM (2019-02-22) in EUR €48.78
Europe Personal Products Industry PE Ratio Median Figure of 23 Publicly-Listed Personal Products Companies 17.21x
Netherlands Market PE Ratio Median Figure of 80 Publicly-Listed Companies 16.33x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Unilever.

ENXTAM:UNA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTAM:UNA Share Price ÷ EPS (both in EUR)

= 48.78 ÷ 3.50

13.94x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unilever is good value based on earnings compared to the Europe Personal Products industry average.
  • Unilever is good value based on earnings compared to the Netherlands market.
Price based on expected Growth
Does Unilever's expected growth come at a high price?
Raw Data
ENXTAM:UNA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.94x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 23 Analysts
-5.9%per year
Europe Personal Products Industry PEG Ratio Median Figure of 14 Publicly-Listed Personal Products Companies 1.12x
Netherlands Market PEG Ratio Median Figure of 61 Publicly-Listed Companies 1.63x

*Line of best fit is calculated by linear regression .

ENXTAM:UNA PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 13.94x ÷ -5.9%

-2.36x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unilever earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Unilever's assets?
Raw Data
ENXTAM:UNA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €4.43
ENXTAM:UNA Share Price * ENXTAM (2019-02-22) in EUR €48.78
Europe Personal Products Industry PB Ratio Median Figure of 38 Publicly-Listed Personal Products Companies 2.27x
Netherlands Market PB Ratio Median Figure of 102 Publicly-Listed Companies 1.89x
ENXTAM:UNA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTAM:UNA Share Price ÷ Book Value per Share (both in EUR)

= 48.78 ÷ 4.43

11.02x

* Primary Listing of Unilever.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unilever is overvalued based on assets compared to the Europe Personal Products industry average.
X
Value checks
We assess Unilever's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Personal Products industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Personal Products industry average (and greater than 0)? (1 check)
  5. Unilever has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

UNA Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-5.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Unilever expected to grow at an attractive rate?
  • Unilever's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.4%.
Growth vs Market Checks
  • Unilever's earnings are expected to decrease over the next 1-3 years, this is below the Netherlands market average.
  • Unilever's revenue growth is positive but not above the Netherlands market average.
Annual Growth Rates Comparison
Raw Data
ENXTAM:UNA Future Growth Rates Data Sources
Data Point Source Value (per year)
ENXTAM:UNA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 23 Analysts -5.9%
ENXTAM:UNA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 23 Analysts 3.2%
Europe Personal Products Industry Earnings Growth Rate Market Cap Weighted Average -1.1%
Europe Personal Products Industry Revenue Growth Rate Market Cap Weighted Average 4%
Netherlands Market Earnings Growth Rate Market Cap Weighted Average 7.4%
Netherlands Market Revenue Growth Rate Market Cap Weighted Average 3.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ENXTAM:UNA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 23 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ENXTAM:UNA Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 59,355 12,847 3
2022-12-31 58,222 10,827 8,105 5
2021-12-31 56,087 10,114 7,430 17
2020-12-31 53,905 9,184 6,703 23
2019-12-31 51,789 7,939 6,015 17
ENXTAM:UNA Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 50,982 6,753 9,389
2018-09-30 51,662 7,133 7,686
2018-06-30 52,342 7,513 5,982
2018-03-31 53,029 7,403 6,018
2017-12-31 53,715 7,292 6,053
2017-09-30 53,935 7,353 5,918
2017-06-30 54,155 7,413 5,782
2017-03-31 53,434 7,230 5,483
2016-12-31 52,713 7,047 5,184
2016-09-30 52,639 6,975 5,058
2016-06-30 52,564 6,903 4,932
2016-03-31 52,918 7,117 4,921

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unilever's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unilever's revenue is expected to grow by 3.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ENXTAM:UNA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 23 Analyst Estimates (S&P Global) See Below

All data from Unilever Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTAM:UNA Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 3.19 3.35 3.03 2.00
2021-12-31 2.89 3.06 2.71 9.00
2020-12-31 2.63 2.97 2.39 14.00
2019-12-31 2.25 2.48 2.08 15.00
ENXTAM:UNA Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 3.50
2018-09-30 2.83
2018-06-30 2.18
2018-03-31 2.17
2017-12-31 2.16
2017-09-30 2.10
2017-06-30 2.04
2017-03-31 1.93
2016-12-31 1.83
2016-09-30 1.78
2016-06-30 1.74
2016-03-31 1.73

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unilever is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
X
Future performance checks
We assess Unilever's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Unilever has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

UNA Past Performance

  How has Unilever performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Unilever's growth in the last year to its industry (Personal Products).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Unilever's year on year earnings growth rate has been positive over the past 5 years.
  • Unilever's 1-year earnings growth exceeds its 5-year average (55.1% vs 9%)
  • Unilever's earnings growth has exceeded the Europe Personal Products industry average in the past year (55.1% vs 30.5%).
Earnings and Revenue History
Unilever's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Unilever Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTAM:UNA Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 50,982.00 9,389.00 221.00
2018-09-30 51,662.00 7,685.50 6,825.50 450.00
2018-06-30 52,342.00 5,982.00 13,430.00 900.00
2018-03-31 53,028.50 6,017.50 13,468.50 900.00
2017-12-31 53,715.00 6,053.00 13,507.00 900.00
2017-09-30 53,935.00 5,917.50 13,680.50 939.00
2017-06-30 54,155.00 5,782.00 13,854.00 978.00
2017-03-31 53,434.00 5,483.00 13,826.50 978.00
2016-12-31 52,713.00 5,184.00 13,799.00 978.00
2016-09-30 52,638.50 5,058.00 13,936.00 991.50
2016-06-30 52,564.00 4,932.00 14,073.00 1,005.00
2016-03-31 52,918.00 4,920.50 14,069.00 1,005.00
2015-12-31 53,272.00 4,909.00 14,065.00 1,005.00
2015-09-30 52,300.50 4,875.50 12,626.00 980.00
2015-06-30 51,329.00 4,842.00 11,187.00 955.00
2015-03-31 49,882.50 5,006.50 11,197.50 955.00
2014-12-31 48,436.00 5,171.00 11,208.00 955.00
2014-09-30 48,415.50 5,201.00 11,744.50 997.50
2014-06-30 48,395.00 5,231.00 12,281.00 1,040.00
2014-03-31 49,096.00 5,036.50 12,294.50 1,040.00
2013-12-31 49,797.00 4,842.00 12,308.00 1,040.00
2013-09-30 50,611.50 4,757.00 12,244.50 1,523.00
2013-06-30 51,426.00 4,672.00 13,841.00
2013-03-31 51,375.00 4,520.00 13,815.00
2012-12-31 51,324.00 4,368.00 12,959.00 1,003.00
2012-09-30 50,200.50 4,123.00 13,142.00
2012-06-30 49,077.00 4,142.00 12,137.00
2012-03-31 47,772.00 4,197.00 12,085.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst Unilever made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%), this is metric is skewed due to its high level of debt.
  • Unilever used its assets more efficiently than the Europe Personal Products industry average last year based on Return on Assets.
  • Unilever has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Unilever's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Personal Products industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Unilever has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

UNA Health

 How is Unilever's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Unilever's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Unilever's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Unilever's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Unilever's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Unilever Company Filings, last reported 1 month ago.

ENXTAM:UNA Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 12,292.00 24,885.00 4,104.00
2018-09-30 12,292.00 24,885.00 4,104.00
2018-06-30 12,301.00 29,621.00 4,857.00
2018-03-31 12,301.00 29,621.00 4,857.00
2017-12-31 14,387.00 24,430.00 4,009.00
2017-09-30 14,387.00 24,430.00 4,009.00
2017-06-30 16,818.00 19,633.00 5,841.00
2017-03-31 16,818.00 19,633.00 5,841.00
2016-12-31 16,980.00 16,595.00 4,128.00
2016-09-30 16,980.00 16,595.00 4,128.00
2016-06-30 15,106.00 16,371.00 3,797.00
2016-03-31 15,106.00 16,371.00 3,797.00
2015-12-31 16,082.00 14,643.00 3,022.00
2015-09-30 16,082.00 14,643.00 3,022.00
2015-06-30 15,885.00 15,382.00 3,578.00
2015-03-31 15,885.00 15,382.00 3,578.00
2014-12-31 14,263.00 12,722.00 2,771.00
2014-09-30 14,263.00 12,722.00 2,771.00
2014-06-30 14,469.00 13,436.00 4,163.00
2014-03-31 14,469.00 13,436.00 4,163.00
2013-12-31 14,815.00 11,501.00 3,239.00
2013-09-30 14,815.00 11,501.00 3,239.00
2013-06-30 13,317.00 15,907.00 4,271.00
2013-03-31 13,317.00 15,907.00 4,271.00
2012-12-31 15,949.00 10,221.00 3,232.00
2012-09-30 15,949.00 10,221.00 3,232.00
2012-06-30 14,948.00 13,812.00 4,661.00
2012-03-31 14,948.00 13,812.00 4,661.00
  • Unilever's level of debt (202.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (77.8% vs 202.4% today).
  • Debt is well covered by operating cash flow (27.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 21.5x coverage).
X
Financial health checks
We assess Unilever's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Unilever has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

UNA Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.18%
Current annual income from Unilever dividends. Estimated to be 3.68% next year.
If you bought €2,000 of Unilever shares you are expected to receive €64 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unilever's pays a higher dividend yield than the bottom 25% of dividend payers in Netherlands (2.47%).
  • Unilever's dividend is below the markets top 25% of dividend payers in Netherlands (5.92%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ENXTAM:UNA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 23 Analyst Estimates (S&P Global) See Below
Europe Personal Products Industry Average Dividend Yield Market Cap Weighted Average of 21 Stocks 2.6%
Netherlands Market Average Dividend Yield Market Cap Weighted Average of 67 Stocks 4%
Netherlands Minimum Threshold Dividend Yield 10th Percentile 1.6%
Netherlands Bottom 25% Dividend Yield 25th Percentile 2.5%
Netherlands Top 25% Dividend Yield 75th Percentile 5.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ENXTAM:UNA Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31 2.10 3.00
2021-12-31 1.93 17.00
2020-12-31 1.79 23.00
2019-12-31 1.65 22.00
ENXTAM:UNA Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-01-31 1.549 3.191
2018-10-18 1.549 3.243
2018-07-19 1.549 3.196
2018-04-19 1.549 3.273
2018-02-28 1.434 3.224
2018-02-01 1.434 3.252
2017-10-19 1.434 2.999
2017-07-26 1.434 2.863
2017-07-20 1.434 2.886
2017-04-20 1.434 2.908
2017-01-26 1.280 2.936
2016-10-13 1.280 3.352
2016-07-22 1.280 3.111
2016-07-21 1.280 3.063
2016-01-19 1.208 3.040
2015-10-15 1.208 3.013
2015-07-24 1.208 3.250
2015-07-23 1.208 2.946
2015-03-06 1.140 2.910
2015-01-20 1.140 3.028
2014-09-12 1.140 3.611
2014-07-24 1.140 3.646
2014-01-21 1.076 3.568
2013-04-25 1.076 3.628
2013-01-23 0.972 3.174
2012-07-26 0.972 3.422
2012-04-26 0.972 3.750
2012-02-02 0.900 3.541
2011-11-03 0.900 3.565
2011-08-04 0.900 3.848
2011-04-28 0.900 3.980
2011-02-03 0.832 3.788
2010-04-29 0.832 3.727
2010-03-05 0.780 3.445
2010-02-04 0.780 3.537
2009-03-06 0.770 4.164
2009-02-24 0.770 5.232

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Unilever's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.5x coverage).
X
Income/ dividend checks
We assess Unilever's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Unilever afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Unilever has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

UNA Management

 What is the CEO of Unilever's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Alan Jope
AGE 54
TENURE AS CEO 0.1 years
CEO Bio

Mr. Alan W. Jope has been President of North Asia at Unilever South Africa (Pty) Ltd. since September 2011. Mr. Jope has been President of Beauty & Personal Care at Unilever plc since September 2014 and has also been its Chief Executive Officer since January 01, 2019. Mr. Jope had served as President of Personal Care at Unilever NV since September 2014 until January 01, 2019 and serves as its Chief Executive Officer from January 2019 and served as its President of Russia, Africa & Middle East from October 2013 to September 2014. He has an excellent track record of leading Unilever's business in both developed and emerging markets, having run the company's North Asia business for four years. Mr. Jope served as the President of North Asia Operations at Unilever Plc and Unilever NV since September 2011 to September 2014. Prior to this, he served as the Chief Operating Officer of Unilever Home and Personal Care, North America. He served as President of Unilever’s Home & Personal Care business in North America - both based just outside New York City. From 1995 to 1998, he served as Vice President of Personal Care for Unilever Thailand with additional responsibility for Hair Care in Asia Pacific. He served as Group Vice President of Global Spreads Cooking Products and Dressings Foods Category at Unilever Plc since January 1, 2006. He served as Group Vice President of Home and Personal Care, U.S. of Unilever Plc. He joined Unilever in 1985 and worked in a number of Sales and Marketing roles in London and Connecticut until 1995. He was President at Unilever Russia, Africa and Middle East. He was President at Unilever North Asia. He was Global Category Leaderat CC and Dressings. From 1995 to 1998, he served as Division Director for Unilever Thailand, where he built the Thai Personal Products and the Asia-Pacific Hair Care businesses. From 1999 to 2000, he served as in Chicago as Vice President of Marketing for Unilever's Hair and Deodorant businesses (Unilever's Helene Curtis business). He serves as the Chairman of The Soap and Detergent Association. He served as Chairman of Unilever Greater China since 2009. He served as the Chairman of the Board of Unilever (China) Ltd. since 2009 and serves as its Director. He served as the Chairman of The American Cleaning Institute. Mr. Jope has a Bachelor of Commerce with Honors from Edinburgh University, Scotland. In addition, he graduated from Harvard Business School's General Manager Program in 2001.

CEO Compensation
  • Insufficient data for Alan to compare compensation growth.
  • Insufficient data for Alan to establish whether their remuneration is reasonable compared to companies of similar size in Netherlands.
Management Team Tenure

Average tenure and age of the Unilever management team in years:

5.3
Average Tenure
54
Average Age
  • The average tenure for the Unilever management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Graeme Pitkethly

TITLE
CFO & Executive Director
COMPENSATION
€4M
AGE
51
TENURE
3.3 yrs

Alan Jope

TITLE
Chief Executive Officer
AGE
54
TENURE
0.1 yrs

Geneviève Berger

TITLE
Chief Science Officer
COMPENSATION
€42K
AGE
63
TENURE
7.1 yrs

Ritva Sotamaa

TITLE
Chief Legal Officer & Group Secretary
AGE
54
TENURE
6 yrs

Keith C. Weed

TITLE
Chief Marketing & Communications Officer
AGE
56
TENURE
8.8 yrs

Leena Nair

TITLE
Chief Human Resources Officer
AGE
48
TENURE
2.9 yrs

Jan van der Bijl

TITLE
Head of Group Taxation
AGE
68
TENURE
17.6 yrs

Pier Sigismondi

TITLE
President of Southeast Asia & Australasia
AGE
52
TENURE
2.9 yrs

David Blanchard

TITLE
Chief R & D Officer
AGE
53
TENURE
6.1 yrs

Ulli Gritzuhn

TITLE
Head of Germany
AGE
56
TENURE
4.6 yrs
Board of Directors Tenure

Average tenure and age of the Unilever board of directors in years:

3.6
Average Tenure
59
Average Age
  • The tenure for the Unilever board of directors is about average.
Board of Directors

Marijn Dekkers

TITLE
Chairman
COMPENSATION
€740K
AGE
59
TENURE
2.8 yrs

Youngme Moon

TITLE
Vice Chairman & Senior Independent Director
COMPENSATION
€103K
AGE
54
TENURE
0.8 yrs

Graeme Pitkethly

TITLE
CFO & Executive Director
COMPENSATION
€4M
AGE
51
TENURE
2.8 yrs

Jacobus Schraven

TITLE
Chairman of Unilever NV Foundation
AGE
76

John Rishton

TITLE
Non-Executive Director
COMPENSATION
€127K
AGE
60
TENURE
5.8 yrs

Vittorio Colao

TITLE
Non-Executive Director
COMPENSATION
€103K
AGE
56
TENURE
3.6 yrs

Strive Masiyiwa

TITLE
Non-Executive Director
COMPENSATION
€111K
AGE
57
TENURE
2.8 yrs

Laura Cha

TITLE
Non-Executive Director
COMPENSATION
€107K
AGE
68
TENURE
5.8 yrs

Mary Ma

TITLE
Non-Executive Director
COMPENSATION
€105K
AGE
65
TENURE
5.8 yrs

Feike Sijbesma

TITLE
Non-Executive Director
COMPENSATION
€127K
AGE
59
TENURE
4.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Unilever's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Unilever has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

UNA News

Simply Wall St News

Unilever N.V. (AMS:UNA) Earns Among The Best Returns In Its Industry

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Understanding Return On Capital Employed (ROCE). … ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business.

Simply Wall St -

What is Behind Unilever NV's (AMS:UNA) Superior ROE?

This article is for those who would like to learn about Return On Equity (ROE). … One way to conceptualize this, is that for each €1 of shareholders' equity it has, the company made €0.52 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Is Unilever NV (AMS:UNA) Worth €49.16 Based On Intrinsic Value?

In this article I am going to calculate the intrinsic value of Unilever NV (AMS:UNA). … by projecting its future cash flows and then discounting them to today's value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model

Simply Wall St -

Should You Be Concerned About Unilever NV's (AMS:UNA) Investors?

In this article, I'm going to take a look at Unilever NV’s (AMS:UNA) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … Ownership structure has been found to have an impact on shareholder returns in both short- and long-term. … ENXTAM:UNA Ownership Summary July 18th 18

Simply Wall St -

How Does Unilever NV (AMS:UNA) Fare As A Dividend Stock?

Unilever NV (AMS:UNA) has pleased shareholders over the past 10 years, paying out an average dividend of 3.00% annually. … The stock currently pays out a dividend yield of 3.23%, and has a market cap of €128.67b. … Does Unilever tick all the boxes of a great dividend stock?

Simply Wall St -

Should You Expect Unilever NV (AMS:UNA) To Continue Delivering An ROE Of 45.08%?

and want a simplistic look at the return on Unilever NV (AMS:UNA) stock. … With an ROE of 45.08%, Unilever NV (AMS:UNA) outpaced its own industry which delivered a less exciting 15.16% over the past year. … Sustainability can be gauged by a company’s financial leverage – the more debt it has, the higher ROE is pumped up in the short term, at the expense of long term interest payment burden

Simply Wall St -

Unilever NV (AMS:UNA): A Fundamentally Attractive Investment

Unilever NV (AMS:UNA) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects. … dividend-paying company

Simply Wall St -

What Should You Know About Unilever NV's (ENXTAM:UNA) Earnings Trajectory?

Unilever NV's (ENXTAM:UNA) latest earnings announcement in December 2017a … revealed … business

Simply Wall St -

Does Unilever NV.'s (AMS:UNA) 16.76% Earnings Growth Reflect The Long-Term Trend?

Assessing Unilever NV.'s (ENXTAM:UNA) past track record of performance is a useful exercise for investors. … For Unilever, its most recent earnings (trailing twelve month) is €6.05B, which compared to last year’s figure, has risen by 16.76%. … Unilever's track record can be a valuable insight into its earnings performance, but it certainly doesn't tell the whole story.

Simply Wall St -

What Should Investors Know About the future of Unilever NV.'s (AMS:UNA)?

To get a preliminary understanding, I will try to evaluate Unilever's margin behaviour to assist in analysing the revenue and cost anatomy behind the earnings expectations for the future and the impact it has on shareholder returns relative to the wider industry. … Margin Calculation for UNA Profit Margin = Net Income ÷ Revenue ∴ Profit Margin = 6.05 Billion ÷ 53.72 Billion = 11.27% Unilever's margin has expanded in the past five years, as a result of a 4.87% average growth in net income outstripping a 2.16% average growth in revenue, which suggests that the company has been able to convert a larger percentage of revenue into net income whilst grow their top line at the same time. … Understanding what could be driving Unilever's future earnings Margins are expected to continue to expand, with an expectation of 1.43% in annual revenue growth and annual net income growth forecasted at 5.06%.

Simply Wall St -

UNA Company Info

Map
Description

Unilever N.V. operates in the fast-moving consumer goods industry worldwide. The company operates through Personal Care, Home Care, Foods, and Refreshment segments. The Personal Care segment offers skincare and haircare products, deodorants, and oral care products. This segment markets its products under the Axe, Dove, Lux, Rexona, Sunsilk, TRESemmé, Signal, Lifebuoy, Vaseline, Dermalogica, Murad, Dollar Shave Club, Zest & Camay, and Seventh Generation brands. The Home Care segment provides home care products, such as powders, liquids and capsules, soap bars, and various cleaning products under the Dirt is Good, Surf, Comfort, Domestos, Sunlight, Cif, Pureit, Blueair, and Radiant brands. The Foods segment provides soups, bouillons, sauces, snacks, mayonnaise, salad dressings, margarines, and spreads under the Knorr, Hellmann’s, Bango, Maizena, Robertsons, and Kissan brands. The Refreshment segment offers ice cream and tea-based beverages under the Heartbrand, Magnum, Lipton, Brooke Bond, Ben & Jerry’s, Pure Leaf, Taj Mahal, Grom, Talenti, and Breyers brands. The company was formerly known as Margarine Unie N.V. and changed its name to Unilever N.V. in 1929. Unilever N.V. was founded in 1927 and is headquartered in Rotterdam, the Netherlands. Unilever N.V. is a subsidiary of The Unilever Group.

Details
Name: Unilever N.V.
UNA
Exchange: ENXTAM
Founded: 1927
€127,491,831,995
2,613,608,692
Website: http://www.unilever.nl
Address: Unilever N.V.
Weena 455,
PO Box 760,
Rotterdam,
Zuid-Holland, 3000 DK,
Netherlands
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTAM UNA CERT OF SHS Euronext Amsterdam NL EUR 02. Jan 1986
OTCPK UNLN.F CERT OF SHS Pink Sheets LLC US USD 02. Jan 1986
DB UNI3 CERT OF SHS Deutsche Boerse AG DE EUR 02. Jan 1986
XTRA UNI3 CERT OF SHS XETRA Trading Platform DE EUR 02. Jan 1986
LSE 0NXM CERT OF SHS London Stock Exchange GB EUR 02. Jan 1986
SWX UN CERT OF SHS SIX Swiss Exchange CH CHF 02. Jan 1986
BIT UNA CERT OF SHS Borsa Italiana IT EUR 02. Jan 1986
WBAG UNA CERT OF SHS Wiener Boerse AG AT EUR 02. Jan 1986
BATS-CHIXE UNAA CERT OF SHS BATS 'Chi-X Europe' GB EUR 02. Jan 1986
NYSE UN N Y SHS NEW New York Stock Exchange US USD 02. Jan 1968
ENXTAM UNIA NV Ordinary Shares Euronext Amsterdam NL EUR 22. May 2006
OTCPK UNLV.F NV Ordinary Shares Pink Sheets LLC US USD 22. May 2006
DB UNIN N Y SHS NEW Deutsche Boerse AG DE EUR 02. Jan 1968
XTRA UNIN N Y SHS NEW XETRA Trading Platform DE EUR 02. Jan 1968
LSE 0NXN NV Ordinary Shares London Stock Exchange GB EUR 22. May 2006
BATS-CHIXE UNIAA NV Ordinary Shares BATS 'Chi-X Europe' GB EUR 22. May 2006
Number of employees
Current staff
Staff numbers
160,566
Unilever employees.
Industry
Personal Products
Household
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/23 21:07
End of day share price update: 2019/02/22 00:00
Last estimates confirmation: 2019/02/22
Last earnings filing: 2019/01/31
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.