Unilever Future Growth

Future criteria checks 2/6

Unilever is forecast to grow earnings and revenue by 4.3% and 3.4% per annum respectively. EPS is expected to grow by 4.3% per annum. Return on equity is forecast to be 34.6% in 3 years.

Key information

4.3%

Earnings growth rate

4.3%

EPS growth rate

Personal Products earnings growth	22.0%
Revenue growth rate	3.4%
Future return on equity	34.6%
Analyst coverage	Good
Last updated	02 May 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

NYSE:UL - Analysts future estimates and past financials data (EUR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	65,706	7,351	8,061	9,731	16
12/31/2025	63,383	6,879	7,602	9,129	19
12/31/2024	61,045	6,444	7,152	8,541	20
12/31/2023	59,604	6,487	7,681	9,426	N/A
9/30/2023	60,241	7,386	6,808	8,513	N/A
6/30/2023	60,878	8,285	5,935	7,599	N/A
3/31/2023	60,476	7,964	5,754	7,441	N/A
12/31/2022	60,073	7,642	5,573	7,282	N/A
9/30/2022	58,175	6,738	6,002	7,630	N/A
6/30/2022	56,276	5,833	6,430	7,977	N/A
3/31/2022	54,360	5,941	6,531	7,975	N/A
12/31/2021	52,444	6,049	6,632	7,972	N/A
9/30/2021	51,623	5,734	7,111	8,273	N/A
6/30/2021	50,801	5,418	7,589	8,574	N/A
3/31/2021	50,763	5,500	7,813	8,816	N/A
12/31/2020	50,724	5,581	8,037	9,058	N/A
9/30/2020	51,146	5,742	7,946	9,152	N/A
6/30/2020	51,568	5,903	7,855	9,245	N/A
3/31/2020	51,774	5,764	7,219	8,677	N/A
12/31/2019	51,980	5,625	6,583	8,109	N/A
9/30/2019	51,368	7,485	6,004	7,565	N/A
6/30/2019	50,756	9,344	5,425	7,020	N/A
3/31/2019	50,869	9,357	5,606	7,169	N/A
12/31/2018	50,982	9,369	5,786	7,318	N/A
9/30/2018	51,662	7,642	6,634	8,145	N/A
6/30/2018	52,342	5,974	6,307	7,797	N/A
3/31/2018	53,029	6,014	5,966	7,545	N/A
1/1/2018	53,715	6,023	6,212	7,879	N/A
9/30/2017	53,935	5,918	N/A	7,353	N/A
6/30/2017	54,155	5,782	N/A	7,413	N/A
3/31/2017	53,434	5,483	N/A	7,230	N/A
12/31/2016	52,713	5,184	N/A	7,047	N/A
9/30/2016	52,639	5,058	N/A	6,975	N/A
6/30/2016	52,564	4,932	N/A	6,903	N/A
3/31/2016	52,918	4,921	N/A	7,117	N/A
12/31/2015	53,272	4,909	N/A	7,330	N/A
9/30/2015	52,301	4,876	N/A	6,688	N/A
6/30/2015	51,329	4,842	N/A	6,045	N/A
3/31/2015	49,883	5,007	N/A	5,794	N/A
12/31/2014	48,436	5,171	N/A	5,543	N/A
9/30/2014	48,416	5,201	N/A	5,738	N/A
6/30/2014	48,395	5,231	N/A	5,933	N/A
3/31/2014	49,096	5,037	N/A	6,114	N/A
12/31/2013	49,797	4,842	N/A	6,294	N/A
9/30/2013	50,612	4,757	N/A	6,348	N/A
6/30/2013	51,426	4,672	N/A	6,402	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: UL's forecast earnings growth (4.3% per year) is above the savings rate (2.4%).

Earnings vs Market: UL's earnings (4.3% per year) are forecast to grow slower than the US market (14.1% per year).

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

Revenue vs Market: UL's revenue (3.4% per year) is forecast to grow slower than the US market (8.2% per year).

High Growth Revenue: UL's revenue (3.4% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: UL's Return on Equity is forecast to be high in 3 years time (34.6%)

Unilever Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Unilever PLC Reaffirms Earnings Guidance for the Year 2023

Unilever PLC Provides Sales Guidance for the Year 2023

Recent updates

Unilever PLC Declares Interim Dividend for First Quarter of 2024, Payable on 07 June 2024

Unilever: The Company Is Moving In The Right Direction

Unilever Appoints Heiko Schipper as President, Nutrition Business Group, Effective May 1, 2024

Unilever: Don't Expect Market Beating Returns

Unilever plc Declares Quarterly Interim Dividend for the Fourth Quarter of 2023, Payable on March 22, 2024

Unilever PLC Announces Directorate Change

Unilever plc Announces Retirement of Graeme Pitkethly as Executive Director

Unilever: From Quantity Of Brands To Quality Of Brands

Unilever PLC (LSE:ULVR) signed an agreement to acquire Aquis Hairsciences Inc.

Unilever Hasn't Been This Cheap Since More Than A Decade

Yellow Wood Partners, LLC entered into a letter of intent to acquire Elida Beauty Limited from Unilever PLC (LSE:ULVR).

Unilever: New CEO Making Changes

Unilever Appoints Gayatri Makhijani as Head - Digital Hub

Unilever PLC to Report Fiscal Year 2023 Results on Feb 08, 2024

Unilever: Higher Quality Growth Needed

Unilever PLC Reaffirms Earnings Guidance for the Year 2023

Nexus Capital Management LP agreed to acquire Dollar Shave Club, Inc. from Unilever PLC (LSE:ULVR).

Unilever PLC Announces Changes to Its Board Committee Composition Effective December 1, 2023

Unilever: Not Appealing In Spite Of Decent Dividend Yield

Unilever Reportedly Explores Sale of Beauty Brands Including Pond's Skincare

Unilever: At The Crossroads Of Years Of Underperformance

Unilever PLC Appoints Ian Meakins as Non-Executive Director and Chair Designate

Unilever PLC Appoints Ian Meakins as Non-Executive Director and Chair Designate

Unilever plc Declares Quarterly Interim Dividend for the Second Quarter 2023, Payable on 31 August 2023

Unilever PLC Provides Sales Guidance for the Year 2023

Unilever: Appetizing With A FCF Yield Of 6.3% Hedged To Inflation

Unilever: A Consumer Giant In Need Of A Turnaround

Unilever PLC (LSE:ULVR) entered into an agreement to acquire Yasso Holdings, Inc.

Unilever: SKU Rationalization And Growth Prospects

Unilever PLC Announces Retirement of Graeme Pitkethly, Chief Financial Officer

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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