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Unilever PLC (ULVR) Fair Value & Analysis

Consumer Defensive · GB · Market cap 99.0B GBX · ISIN GB00BVZK7T90

What is Unilever PLC really worth?

UP Unilever PLC ULVR · LSE
Price£47.63
Fair Value£38.13
Upside−20.0%
Quality72/100

A solid business, but trading 25% above our fair value of £38.13.

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Strengths

Healthy Growth (revenue 5y +3.2 %/yr)
Solidly profitable · 18.8% net margin
Wide moat 78/100

Risks

!High debt · generates free cash flow
!Mixed vs. peers (6/15)
!Weak on valuation: 7 out of 100
!Weak on balance sheet: 23 out of 100

For context

·3.66% dividend yield
Evidence: High Range £25.12 – £57.74

Fair value as of: Aug 13, 2026

From 24 valuation models · updated 22 days ago

Share price +0.6% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • A high-quality business (quality 72/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • A fairly wide model range (£25.12 to £57.74) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

£54.15 £30.51 Fair Value £38.13 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range £30.51 – £54.15 · fair‑value band £25.12 – £57.74 · the £47.63 price screens above the £38.13 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Unilever PLC (ULVR) currently trades at £47.63, while our model-based Fair Value estimate is £38.13, implying the stock looks roughly 24.9% overvalued today. The Quality Score stands at 72/100 (solid quality), in the Consumer Defensive sector. Bull case: the Growth Earnings group reads highest at a median of £44.17 per share, and 4 of the 24 models we run sit above the £47.63 price. Bear case: the Asset-Based group reads lowest at £4.84, and 20 of the 24 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Unilever PLC generated revenue of £50.5B at a net margin of 18.8%. Revenue declined 3.2% year over year. It earns a return on equity of 31.0%. Net debt stands at £25.7B. Fundamentals as of Aug 13, 2026

Our scenario range runs from £25.12 (bear case) to £57.74 (bull case); at £47.63, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. For context, the median of 10 Consumer Defensive peers we cover trades at −36% fair-value upside, at −20%, ULVR screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly £0.3354 per share, which is 0.9 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
FCF DCF best evidence £20.46 £30.82 £51.80 79
Growth DCF £21.67 £31.83 £50.64 77
Owner Earnings £18.27 £27.87 £47.31 75
All 24 models by family
DCF Models
FCF DCF best evidence £20.46 £30.82 £51.80 79
Owner Earnings £18.27 £27.87 £47.31 75
5Y Revenue Exit £16.06 £26.55 £42.41 71
5Y EBITDA Exit £29.21 £48.84 £75.78 74
5Y P/E Exit £25.41 £42.40 £63.43 70
10Y Revenue Exit £16.84 £26.21 £36.74 67
10Y EBITDA Exit £25.57 £40.89 £58.26 68
10Y P/E Exit £23.24 £36.65 £50.29 64
Earnings-Based
Graham-Dodd £18.90 £30.72 £37.12 67
EPV £23.67 £29.17 £33.99 74
Dividend Discount
Gordon GGM £18.65 £22.63 £26.92 69
DDM Multi-Stage £18.65 £24.83 £32.56 67
Multiples
P/E Multiple £43.79 £58.38 £72.98 63
P/S Multiple £28.15 £37.53 £46.91 58
P/B Multiple £29.79 £39.72 £49.65 55
EV/EBIT £49.28 £68.83 £88.38 66
EV/EBITDA £41.50 £58.45 £75.41 67
EV/Revenue £15.27 £25.83 £36.38 52
Asset-Based
NCAV (Graham) £3.61 £4.84 £7.22 54
Growth DCF
Growth DCF £21.67 £31.83 £50.64 77
Rev-Margin DCF £16.06 £27.23 £41.51 71
Economic Profit
Residual Income £16.48 £20.00 £83.97 64
ROIC Compounder £24.18 £30.63 £37.71 72
Growth Earnings
Growth-Adj P/E £30.92 £44.17 £57.42 67

Widest divergence: Growth Earnings (£44.17) versus Asset-Based (£4.84). Highest evidence: FCF DCF (79).

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Key figures & financial health

P/E ratio 21.3
P/S ratio 2.52 P/E × margin
EPS (TTM) £2.24 price ÷ EPS = P/E 21.3
Dividend yield 3.7% payout 77.9%
Net margin 11.9% FY2025
Return on equity 31.0% TTM
More key figures
Profitability
Return on assets (EBIT) 12.8% avg 5y
Operating margin 20.1% TTM
Growth
Revenue (TTM) £50.5B TTM
Revenue growth (YoY) −3.2% 3y avg −5.6%
EPS growth (YoY) −3.4%
Balance sheet & cash flow
Free cash flow 6.4B GBX FY2025
Net debt 25.7B GBX FY2025 · ≈ 4.0 yrs of FCF

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 72/100

Of which business quality 66 · Market factors (momentum, volatility) 58

Profitability 64
Margins and returns on capital today
Quality Growth 47
Are margins and returns improving?
Cashflow 62
Earnings quality: real cash, not paper profit
Fin. Strength 44
Balance sheet, leverage, solvency risk
Investment 99
Disciplined investing over empire-building
Low Volatility 92
Calm price path (market factor)
Momentum 42
Price trend over the last 3–12 months (market factor)
52W Momentum 45
Distance to the 52-week high (market factor)
Net Issuance 100
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Unilever PLC operates as a fast-moving consumer goods company in the Asia Pacific, Africa, the Americas, and Europe. It operates through four segments: Beauty & Wellbeing, Personal Care, Home Care, and Foods.

Full company description

Unilever PLC operates as a fast-moving consumer goods company in the Asia Pacific, Africa, the Americas, and Europe. It operates through four segments: Beauty & Wellbeing, Personal Care, Home Care, and Foods. The Beauty & Wellbeing segment offers hair care, such as shampoo, conditioner, and styling; face, hand, and body moisturizer skin care products; and Prestige Beauty and Wellbeing products. The Personal Care segment provides soap and shower skin cleansing products; and deodorant and oral care, including toothpaste, toothbrush, and mouthwash products. The Home Care segment offers washing powders and liquids, and rinse conditioner fabric care products; and a range of home and hygiene cleaning products. The Foods segment provides cooking aids and mini meals comprising soups, bouillons, and seasonings, as well as mayonnaise and ketchup condiments; and Unilever food solutions. The company provides its products under the AXE, Clear, Cif, Closeup, Comfort, Dermalogica, Domestos, Dove, Dove Men+Care, Hellmann's, Horlicks, Knorr, LUX, Lifebuoy, Liquid I.V., Nexxus, Nutrafol, OMO, Pond's, Paula's Choice, Pepsodent, Radiant, Rexona, Sunlight, Sunsilk, Surf, TRESemmé, and Vaseline brand names. Unilever PLC was founded in 1860 and is headquartered in London, the United Kingdom.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Unilever PLC reported revenue of €50.5B in FY2025 versus €52.4B in FY2021, a compound −0.9%/yr. Reported net income was €6.0B in FY2025, compounding −0.3%/yr from FY2021.

Growth Quality 74/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
£50.5B
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+5.0%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+3.2%
Avg. revenue growth/yr (39Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+2.1%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+8.7% (5.0 + 3.7)
Revenue −0.9%/yr
FY21 €52.4B
FY22 €60.1B
FY23 €59.6B
FY24 €60.8B
FY25 €50.5B
Net income −0.3%/yr
FY21 €6.0B
FY22 €7.6B
FY23 €6.5B
FY24 €5.7B
FY25 €6.0B
Character of growth · EPS growth decomposed (2014-2025) +4.0 % p.a.
Revenue per share +3.1 %

of which total revenue +1.1 % · buybacks/dilution +1.9 %

EBIT margin +1.3 %
Tax rate +0.0 %
Residual (interest, one-offs) −0.5 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

ULVR screens 25% overvalued. Compare with L'Oréal S.A →

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Cite: Fair Value Calculator (2026). "Unilever PLC Fair Value". https://www.fairvalue-calculator.com/stock/ULVR

Recent news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Household & Personal Products · 244 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 72 · Top 25%
Fair Value upside −20% · Below median
Return on equity (TTM) 31% · Top 25%
Return on assets 8% · Top 25%
Net margin (TTM) 19% · Top 25%
Operating margin (TTM) 20% · Top 25%
Revenue growth −3% · Below median
Dividend yield (TTM) 3.7% · Above median
Debt / equity 1.55× · Higher than 75% of peers

Valuation Multiples vs Household & Personal Products median · lower = cheaper

P/E (TTM) 21.3× · Pricier than median
P/B 8.62× · Pricier than 75% of peers
P/S (TTM) 2.65× · Pricier than 75% of peers
P/FCF 21.0× · Pricier than 75% of peers
EV/EBITDA 14.2× · Pricier than median
PEG 11.39× · Pricier than 75% of peers

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE7 · sector 28
FUTURE0 · sector 8
PAST100 · sector 27
HEALTH23 · sector 98
DIVIDEND73 · sector 56

Insider activity: 40/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Household & Personal Products stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
L'Oréal S.A LORL C$24.76 C$22.64 −9%
Colgate-Palmolive Company CL $90.75 $55.28 −39%
500696 500696 ₹2,093 ₹641.55 −69%
Hindustan Unilever Limited HINDUNILVR ₹2,015 ₹789.46 −61%
Kenvue Inc KVUE $18.95 $10.97 −42%
Kimberly-Clark Corporation KMB $109.55 $79.71 −27%
Henkel AG HEN3 €75.82 €85.95 +13%
The Estée Lauder Companies Inc ESLA €86.54 €18.84 −78%
Church & Dwight Co CHD $101.26 $65.12 −36%
Beiersdorf Aktiengesellschaft, BEI €80.42 €68.36 −15%

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Frequently asked questions

Is Unilever PLC (ULVR) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of £38.13 versus a price of £47.63, about −20% upside (overvalued).
What is the fair value of ULVR?
Our model-based fair value for Unilever PLC is £38.13 (as of Aug 13, 2026), built from audited fundamentals. The current price: £47.63.
What is the quality score of ULVR?
Unilever PLC has a Quality Score of 72/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Unilever PLC (ULVR)?
Unilever PLC reported trailing-twelve-month revenue of about £50.5B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of ULVR?
The net profit margin of Unilever PLC is about 18.8%, meaning it keeps roughly 18.8% of revenue as net income. Based on the latest reported figures.
Does Unilever PLC pay a dividend?
Unilever PLC currently shows a dividend yield of about 3.66% relative to its recent price (as of Aug 13, 2026).
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