UNILEVER NIGERIA PLC |
End-of-day quote
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|
5-day change | 1st Jan Change | ||
| 15.1 NGN | 0.00% |
|
+11.03% | +2.03% |
| Apr. 19 | Unilever Nigeria Plc Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
| Jan. 19 | Unilever Nigeria Plc Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 126,390 | 79,856 | 83,303 | 66,642 | 85,026 | 86,750 | - | - |
| Enterprise Value (EV) 1 | 126,390 | 43,543 | 83,303 | -1,535 | 85,026 | 38,026 | 32,087 | 25,401 |
| P/E ratio | -29.7 x | -49.6 x | - | 11.2 x | 9.93 x | 5.7 x | 7.46 x | 6.85 x |
| Yield | - | - | - | 2.16% | 5.07% | 10.4% | 10% | 11.8% |
| Capitalization / Revenue | 2.08 x | 1.3 x | 1.18 x | 0.75 x | 0.87 x | 0.68 x | 0.74 x | 0.66 x |
| EV / Revenue | 2.08 x | 0.71 x | 1.18 x | -0.02 x | 0.87 x | 0.3 x | 0.27 x | 0.19 x |
| EV / EBITDA | -18.5 x | 20.4 x | 14 x | -0.14 x | 3.93 x | 1.67 x | 1.12 x | 0.8 x |
| EV / FCF | -8.51 x | 67.8 x | - | -0.14 x | - | 5.54 x | 1.86 x | 1.33 x |
| FCF Yield | -11.8% | 1.48% | - | -714% | - | 18% | 53.6% | 75% |
| Price to Book | 1.81 x | 1.23 x | 1.26 x | 0.96 x | - | 1.06 x | 0.95 x | 0.86 x |
| Nbr of stocks (in thousands) | 5,745,005 | 5,745,005 | 5,745,005 | 5,745,005 | 5,745,005 | 5,745,005 | - | - |
| Reference price 2 | 22.00 | 13.90 | 14.50 | 11.60 | 14.80 | 15.10 | 15.10 | 15.10 |
| Announcement Date | 1/23/20 | 1/22/21 | 1/27/22 | 1/24/23 | 1/19/24 | - | - | - |
1NGN in Million2NGN
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 60,758 | 61,572 | 70,524 | 88,721 | 97,438 | 128,401 | 116,685 | 131,757 |
| EBITDA 1 | -6,835 | 2,139 | 5,960 | 10,948 | 21,649 | 22,836 | 28,698 | 31,771 |
| EBIT 1 | -9,632 | -1,970 | 2,028 | 8,577 | 17,134 | 19,414 | 25,276 | 28,318 |
| Operating Margin | -15.85% | -3.2% | 2.88% | 9.67% | 17.58% | 15.12% | 21.66% | 21.49% |
| Earnings before Tax (EBT) 1 | -8,322 | -1,799 | - | 9,863 | 17,404 | 22,372 | 17,028 | 18,530 |
| Net income 1 | -4,224 | -1,592 | - | 5,993 | 8,544 | 15,213 | 11,638 | 12,656 |
| Net margin | -6.95% | -2.59% | - | 6.75% | 8.77% | 11.85% | 9.97% | 9.61% |
| EPS 2 | -0.7400 | -0.2800 | - | 1.040 | 1.490 | 2.650 | 2.025 | 2.205 |
| Free Cash Flow 1 | -14,856 | 642.3 | - | 10,964 | - | 6,859 | 17,207 | 19,046 |
| FCF margin | -24.45% | 1.04% | - | 12.36% | - | 5.34% | 14.75% | 14.46% |
| FCF Conversion (EBITDA) | - | 30.02% | - | 100.15% | - | 30.04% | 59.96% | 59.95% |
| FCF Conversion (Net income) | - | - | - | 182.96% | - | 45.09% | 147.85% | 150.49% |
| Dividend per Share 2 | - | - | - | 0.2500 | 0.7500 | 1.570 | 1.510 | 1.787 |
| Announcement Date | 1/23/20 | 1/22/21 | 1/27/22 | 1/24/23 | 1/19/24 | - | - | - |
1NGN in Million2NGN
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2023 Q2 |
|---|---|---|
| Net sales | 11,801 | - |
| EBITDA | - | - |
| EBIT | 1,147 | - |
| Operating Margin | 9.72% | - |
| Earnings before Tax (EBT) | - | - |
| Net income 1 | - | 91.48 |
| Net margin | - | - |
| EPS 2 | - | 0.0200 |
| Dividend per Share | - | - |
| Announcement Date | 1/27/22 | 7/24/23 |
1NGN in Million2NGN
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | - | 36,312 | - | 68,177 | - | 48,724 | 54,663 | 61,349 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | -14,856 | 642 | - | 10,964 | - | 6,859 | 17,207 | 19,046 |
| ROE (net income / shareholders' equity) | -5.05% | -2.42% | 5.43% | 8.88% | - | 18.4% | 21.4% | 21.8% |
| ROA (Net income/ Total Assets) | -3.22% | -1.58% | 3.46% | 5.19% | - | 11.7% | 13.8% | 14% |
| Assets 1 | 131,050 | 100,818 | - | 115,491 | - | 130,026 | 84,640 | 90,720 |
| Book Value Per Share 2 | 12.20 | 11.30 | 11.50 | 12.00 | - | 14.20 | 15.80 | 17.70 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | 5,378 | 1,014 | - | 1,494 | - | 2,882 | 3,298 | 3,689 |
| Capex / Sales | 8.85% | 1.65% | - | 1.68% | - | 2.24% | 2.83% | 2.8% |
| Announcement Date | 1/23/20 | 1/22/21 | 1/27/22 | 1/24/23 | 1/19/24 | - | - | - |
1NGN in Million2NGN
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
15.1
NGN
Average target price
23.23
NGN
Spread / Average Target
+53.81%
EPS Revisions
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +2.03% | 65.23M | |
| -4.93% | 266B | |
| -2.51% | 94.98B | |
| +3.19% | 46.39B | |
| +8.74% | 39.99B | |
| -0.65% | 39.95B | |
| -0.15% | 38.02B | |
| -16.78% | 30.16B | |
| -6.61% | 28.72B | |
| +11.32% | 24.54B |
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- Financials Unilever Nigeria Plc
