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PT Unilever Indonesia Tbk (UNVR) Fair Value & Analysis

Consumer Defensive · ID · Market cap 65.7T IDR

PU PT Unilever Indonesia Tbk UNVR · JK
Price1,820 IDR
Fair Value1,934 IDR
Upside+6.3%
Quality77/100
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Weak Growth
Highly profitable · 26.6% net margin
Low debt · generates free cash flow
Ranks above peers (9/15)
Wide moat 82/100
Evidence: High Range 1,484 IDR – 2,835 IDR Share as image

Fair value as of: Jul 12, 2026

From 25 valuation models · updated 29 days ago

Fair value updated Jul 12, 2026, revised from 2,031 IDR to 1,934 IDR (−4.8%) since Jun 24, 2026. Share price +4.9% over the past month.

A strong business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (1,484 IDR to 2,835 IDR) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

5,285 IDR 886.68 IDR Fair Value 1,934 IDR Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

60‑month range 886.68 IDR – 5,285 IDR · fair‑value band 1,484 IDR – 2,835 IDR · the 1,820 IDR price screens below the 1,934 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

PT Unilever Indonesia Tbk (UNVR) currently trades at 1,820 IDR, while our model-based Fair Value estimate is 1,934 IDR, implying the stock looks roughly 6.3% fairly valued today. The Quality Score stands at 77/100 (high quality), in the Consumer Defensive sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, PT Unilever Indonesia Tbk generated revenue of 32.2T IDR at a net margin of 26.6%. Revenue grew 2.8% year over year. It earns a return on equity of 74.3%. The balance sheet holds a net cash position of 5.1T IDR. Fundamentals as of Jul 12, 2026

Our scenario range runs from 1,484 IDR (bear case) to 2,835 IDR (bull case); at 1,820 IDR, 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 34% below its 52-week high and 44% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -32% fair-value upside, at 6%, UNVR 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 BearBaseBull Evidence
Highest evidence
Growth DCF 1,629 IDR 2,248 IDR 3,131 IDR 80
Residual Income 492.16 IDR 642.28 IDR 5,553 IDR 76
Rev-Margin DCF 1,179 IDR 1,648 IDR 2,147 IDR 74
All 25 models by family
DCF Models
FCF DCF 1,577 IDR 2,230 IDR 3,197 IDR 38
Owner Earnings 2,310 IDR 3,295 IDR 4,754 IDR 31
5Y Revenue Exit 1,179 IDR 1,626 IDR 2,166 IDR 39
5Y EBITDA Exit 1,408 IDR 2,029 IDR 2,712 IDR 41
5Y P/E Exit 2,436 IDR 3,839 IDR 5,226 IDR 38
10Y Revenue Exit 1,285 IDR 1,714 IDR 2,225 IDR 36
10Y EBITDA Exit 1,456 IDR 1,991 IDR 2,628 IDR 37
10Y P/E Exit 2,111 IDR 3,236 IDR 4,485 IDR 35
Earnings-Based
Graham-Dodd 1,368 IDR 2,990 IDR 3,809 IDR 54
PEG = 1.0 471.77 IDR 673.96 IDR 876.15 IDR 46
EPV 1,093 IDR 1,262 IDR 1,412 IDR 59
Dividend Discount
Gordon GGM 1,291 IDR 2,086 IDR 3,015 IDR 70
DDM Multi-Stage 1,291 IDR 1,902 IDR 2,621 IDR 61
Multiples
P/E Multiple 3,169 IDR 4,225 IDR 5,281 IDR 63
P/S Multiple 1,009 IDR 1,346 IDR 1,682 IDR 58
P/B Multiple 486.03 IDR 648.03 IDR 810.04 IDR 55
EV/EBIT 1,679 IDR 2,193 IDR 2,706 IDR 53
EV/EBITDA 1,488 IDR 1,938 IDR 2,388 IDR 54
EV/Revenue 1,020 IDR 1,399 IDR 1,777 IDR 43
Asset-Based
NCAV (Graham) 58.91 IDR 78.94 IDR 117.82 IDR 50
Growth DCF
Growth DCF 1,629 IDR 2,248 IDR 3,131 IDR 80
Rev-Margin DCF 1,179 IDR 1,648 IDR 2,147 IDR 74
Economic Profit
Residual Income 492.16 IDR 642.28 IDR 5,553 IDR 76
ROIC Compounder 1,093 IDR 1,262 IDR 1,412 IDR 72
Growth Earnings
Growth-Adj P/E 2,350 IDR 3,358 IDR 4,365 IDR 68

Widest divergence: Growth Earnings (3,358 IDR) versus Asset-Based (78.94 IDR). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 32.2T IDR
Revenue growth (YoY) +2.8%
Net margin 26.6%
Return on equity 74.3%
Free cash flow 4.9T IDR FY2025
P/E ratio 16.2
More key figures
Operating margin 18.6%
EPS (TTM) 97.02 IDR
EPS growth (YoY) +73.8%
Net cash 5.1T IDR FY2025

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 77/100

Of which business quality 76 · Market factors (momentum, volatility) 54

Profitability 99
Margins and returns on capital today
Quality Growth 42
Are margins and returns improving?
Cashflow 59
Earnings quality: real cash, not paper profit
Fin. Strength 82
Balance sheet, leverage, solvency risk
Investment 87
Disciplined investing over empire-building
Low Volatility 66
Calm price path (market factor)
Momentum 51
Price trend over the last 3–12 months (market factor)
52W Momentum 45
Distance to the 52-week high (market factor)
Net Issuance 83
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.

About the company

PT Unilever Indonesia Tbk manufactures, markets, and distributes consumer goods in Indonesia. The company operates in two segments: Home and Personal Care; and Foods and Refreshment. It offers soaps, detergents, dairy based foods, ice creams, cosmetic products, tea-based beverages, and fruit juices.

Full company description

PT Unilever Indonesia Tbk manufactures, markets, and distributes consumer goods in Indonesia. The company operates in two segments: Home and Personal Care; and Foods and Refreshment. It offers soaps, detergents, dairy based foods, ice creams, cosmetic products, tea-based beverages, and fruit juices. The company provides its products under the Axe, Bango, Buavita, Cif, Citra, Clear, Clear Men, Close Up, Cornetto, Dove, Feast, Feast, Glow & Lovely, Jawara, Knorr, Lifebuoy, Lipton, Love Beauty & Planet, Lux, Magnum, Molto, Paddle Pop, Pepsodent, Pond's, Pond's Men, Populaire, Rexona, Rinso, Royco, SariWangi, Seru, Simple, St. Ives, Suave, Sunlight, Sunsilk, Superpell, TRESemmé, The Vegetarian Butcher, Unilever Professional, Vaseline Men, Viennetta, Vixal, Wall's, Wipol, Zwitsalm, and other brands. It also leases office space. PT Unilever Indonesia Tbk was founded in 1933 and is headquartered in Tangerang, Indonesia. PT Unilever Indonesia Tbk operates as a subsidiary of Unilever Indonesia Holding B.V.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Unilever Indonesia Tbk reported revenue of 31.9T IDR in FY2025 versus 39.5T IDR in FY2021, a compound −5.2%/yr. Reported net income was 7.6T IDR in FY2025, compounding +7.3%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
31.9T IDR
Latest YoY
−9.1%
Avg. growth/yr (3Y)
−8.1%
Avg. growth/yr (5Y)
−5.8%
Avg. growth/yr (25Y)
+7.8%
Revenue −5.2%/yr
FY21 39.5T IDR
FY22 41.2T IDR
FY23 38.6T IDR
FY24 35.1T IDR
FY25 31.9T IDR
Net income +7.3%/yr
FY21 5.8T IDR
FY22 5.4T IDR
FY23 4.8T IDR
FY24 3.4T IDR
FY25 7.6T IDR

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Cite: Fair Value Calculator (2026). "PT Unilever Indonesia Tbk Fair Value". https://www.fairvalue-calculator.com/stock/UNVR

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 77 · Top 25%
Fair Value upside +6% · Above median
Return on equity (TTM) 74% · Top 25%
Return on assets 16% · Top 25%
Net margin (TTM) 27% · Top 25%
Operating margin (TTM) 19% · Top 25%
Revenue growth 3% · Above median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.11× · Higher than median

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

P/E (TTM) 17.8× · Cheaper than median
P/B 14.68× · Pricier than 75% of peers
P/S (TTM) 2.04× · Pricier than median
P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 11.7× · Pricier than median
PEG 2.02× · Pricier than median

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.

VALUE 42 · sector 28
FUTURE 14 · sector 4
PAST 100 · sector 26
HEALTH 95 · sector 98
DIVIDEND 0 · sector 50

Insider activity: 30/100

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Household & Personal Products stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
The Procter & Gamble Company PG $146.80 $108.16 -26%
Unilever PLC ULN 1,080 MXN 1,273 MXN +18%
Hindustan Unilever Limited HINDUNILVR ₹2,144 ₹1,000 -53%
Essity AB ESSITYA kr 279.00 kr 250.02 -10%
Godrej Consumer Products Limited GODREJCP ₹1,088 ₹367.64 -66%
Marico Limited MARICO ₹846.75 ₹233.05 -72%
APR Co 278470 375,000 KRW 151,222 KRW -60%
Dabur India Limited DABUR ₹429.45 ₹181.60 -58%
Kimberly-Clark de México, S. A. B. de C. V., KIMBERA 38.07 MXN 50.09 MXN +32%
Amorepacific Corporation 090430 124,400 KRW 84,785 KRW -32%

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Frequently asked questions

Is PT Unilever Indonesia Tbk (UNVR) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of 1,934 IDR versus a price of 1,820 IDR, about +6% (fairly valued).
What is the fair value of UNVR?
Our model-based fair value for PT Unilever Indonesia Tbk is 1,934 IDR (as of Jul 12, 2026), built from audited fundamentals. The current price is 1,820 IDR.
What is the quality score of UNVR?
PT Unilever Indonesia Tbk has a Quality Score of 77/100. 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 PT Unilever Indonesia Tbk (UNVR)?
PT Unilever Indonesia Tbk reported trailing-twelve-month revenue of about 32.2T IDR (latest available figure, as of Jul 12, 2026).
What is the net profit margin of UNVR?
The net profit margin of PT Unilever Indonesia Tbk is about 26.6%, meaning it keeps roughly 26.6% of revenue as net income. Based on the latest reported figures.

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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