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Unilever PLC (UNA) Fair Value & Analysis

Consumer Defensive · NL · Market cap €116B

UP Unilever PLC UNA · AS
Price€55.66
Fair Value€40.47
Upside-27.3%
Quality71/100

Strengths

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

Risks

!Trades 38% ABOVE our fair value of €40.47
!High debt · generates free cash flow
Healthy Growth (revenue 5y +3.2 %/yr)
Solidly profitable · 18.8% net margin
High debt · generates free cash flow
3.69% dividend yield
Wide moat 78/100
Evidence: High Range €27.65 – €65.19 Share as image

Fair value as of: Aug 13, 2026

From 24 valuation models · updated 12 days ago

Share price +3.9% over the past month.

A solid business, but trading 38% above our fair value.

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

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What matters now

  • A high-quality business (quality 71/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • A fairly wide model range (€27.65 to €65.19) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

€61.85 €34.62 Fair Value €40.47 Jun 2021 Aug 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 €34.62 – €61.85 · fair‑value band €27.65 – €65.19 · the €55.66 price screens above the €40.47 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 (UNA) currently trades at €55.66, while our model-based Fair Value estimate is €40.47, implying the stock looks roughly 27.3% overvalued today. The Quality Score stands at 71/100 (solid quality), in the Consumer Defensive sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: 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 €27.65 (bear case) to €65.19 (bull case); at €55.66, 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. The share trades about 11% below its 52-week high and 20% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -36% fair-value upside, at -27%, UNA screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted 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.

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
Growth DCF €21.65 €31.85 €50.66 80
Residual Income €16.48 €20.01 €84.00 76
Rev-Margin DCF €15.80 €26.81 €40.88 74
All 24 models by family
DCF Models
FCF DCF €20.44 €30.84 €51.82 38
Owner Earnings €18.25 €27.88 €47.33 31
5Y Revenue Exit €15.80 €26.13 €41.73 39
5Y EBITDA Exit €29.20 €48.86 €75.80 41
5Y P/E Exit €25.40 €42.42 €63.45 38
10Y Revenue Exit €16.69 €25.88 €36.18 36
10Y EBITDA Exit €25.56 €40.81 €58.08 37
10Y P/E Exit €23.23 €36.58 €50.14 35
Earnings-Based
Graham-Dodd €18.91 €30.45 €36.74 54
EPV €23.68 €29.19 €34.01 59
Dividend Discount
Gordon GGM €18.65 €22.50 €26.69 70
DDM Multi-Stage €18.65 €24.79 €32.48 61
Multiples
P/E Multiple €43.80 €58.40 €73.00 63
P/S Multiple €27.65 €36.86 €46.08 58
P/B Multiple €29.80 €39.73 €49.66 55
EV/EBIT €49.30 €68.86 €88.41 53
EV/EBITDA €41.52 €58.48 €75.44 54
EV/Revenue €14.84 €25.20 €35.57 43
Asset-Based
NCAV (Graham) €3.61 €4.84 €7.22 50
Growth DCF
Growth DCF €21.65 €31.85 €50.66 80
Rev-Margin DCF €15.80 €26.81 €40.88 74
Economic Profit
Residual Income €16.48 €20.01 €84.00 76
ROIC Compounder €24.17 €30.64 €37.73 72
Growth Earnings
Growth-Adj P/E €30.93 €44.18 €57.44 68

Widest divergence: Growth Earnings (€44.18) versus Asset-Based (€4.84). Highest evidence: Growth DCF (80).

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Key figures & financial health

P/E ratio 21.5
P/S ratio 2.30 TTM
Dividend yield 3.7% payout 79.3%
Net margin 18.8% TTM
Return on equity 31.0% TTM
Return on assets 8.4% TTM
More key figures
Profitability
Operating margin 20.1% TTM
EPS (TTM) €2.59
Growth
Revenue (TTM) €50.5B TTM
Revenue growth (YoY) -3.2% 3y avg -6.2%
EPS growth (YoY) -3.4%
Balance sheet & cash flow
Free cash flow €6.4B FY2025
Net debt €25.7B 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 71/100

Of which business quality 66 · Market factors (momentum, volatility) 59

Profitability 64
Margins and returns on capital today
Quality Growth 47
Are margins and returns improving?
Cashflow 63
Earnings quality: real cash, not paper profit
Fin. Strength 44
Balance sheet, leverage, solvency risk
Investment 99
Disciplined investing over empire-building
Low Volatility 94
Calm price path (market factor)
Momentum 43
Price trend over the last 3–12 months (market factor)
52W Momentum 48
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 €49.6B in FY2025 versus €52.4B in FY2021, a compound −1.4%/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)
€49.6B
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.
+9.0% (5.0 + 4.0)
Revenue −1.4%/yr
FY21 €52.4B
FY22 €60.1B
FY23 €59.6B
FY24 €60.8B
FY25 €49.6B
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 +3.0 pp

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

EBIT margin +1.4 pp
Tax rate +0.0 pp
Residual (interest, one-offs) −0.5 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

UNA screens 27% overvalued. Compare with Colgate-Palmolive Company →

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

Earlier news

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

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

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Frequently asked questions

Is Unilever PLC (UNA) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of €40.47 versus a price of €55.66, about −27% (overvalued).
What is the fair value of UNA?
Our model-based fair value for Unilever PLC is €40.47 (as of Aug 13, 2026), built from audited fundamentals. The current price: €55.66.
What is the quality score of UNA?
Unilever PLC has a Quality Score of 71/100. 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 (UNA)?
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 UNA?
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 3.96% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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