Stock

Unilever

UL
51
Household & Personal Products · Consumer Defensive
Price
$66.16
+1.51 (+2.34%)
Market Cap
$142.53B
Exchange
New York Stock Exchange
Winston Score
51
Winston is curious
Mixed quality — meaningful strengths and weaknesses.
Data as of Oct 18, 2026 · filings through Jun 30, 2026

§How the score breaks down

Quality
Good
18/30
Growth
Mixed
7/20
Cash Flow
Exceptional
9/10
Stability
Good
6/10
Valuation
Strong
7/10
Ownership
Weak
1/15
Dividends
Good
3/5

51 of 100 counted points = Winston Score 51.

Share count falling — buybacks

−15.9% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 2.61B (2021) → 2.20B (2025)

§Winston Score History

The full picture

Unilever is a British consumer goods company that makes everyday products people use at home. Its brands include Dove soap, Hellmann's mayonnaise, Lipton tea, Ben & Jerry's ice cream, and Vaseline. It sells to ordinary consumers around the world through grocery stores, pharmacies, and online retailers.

Unilever makes money by selling physical products at a markup, relying on high brand recognition to support pricing power. It operates in over 190 countries, with a large share of sales coming from emerging markets like India, Indonesia, and Brazil, where a growing middle class buys more packaged goods. The company owns roughly 400 brands, which gives it strong shelf space and retailer relationships, but it faces constant pressure from cheaper store-brand alternatives and rising raw material costs. Its biggest growth opportunity is continued expansion in emerging markets, while its main risk is losing price-sensitive consumers to lower-cost competitors during periods of high inflation.

Score breakdown

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Quality

Profit per sale
Gross Margin
0.0%
Thin — 0.0% gross margin
Profit after running costs
Operating Margin
20.1%
Excellent — 20.1% operating margin
Return on the money invested
ROCE
20.0%
Exceptional — 20.0% return on capital

ROIC between 15% and 25%. Every dollar invested in the business earns 15 to 25 cents back per year.

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Growth

Sales growth
Sales YoY
-22.4%
Shrinking sales (-22.4% YoY)
Profit growth
EPS YoY
+15.1%
Earnings growing fast (+15.1% YoY)

Healthy double-digit earnings growth — what compounders look like.

How steady the profit is
EPS Consistency
4/8 quarters
Earnings inconsistent quarter-to-quarter

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Cash Flow

Profit that turns into cash
Cash Conversion
151%
Turns 151% of profit into real cash
Spare cash per sale
FCF Margin
15.6%
Converts sales into free cash efficiently (15.6%)

FCF margin between 10% and 20%. Every $100 in sales becomes $10 to $20 in real cash.

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Stability

What it owes vs what it owns
Debt / Equity
1.90
Elevated debt (1.90)
Covers its interest
Interest Cover
9.13x
Comfortably covers interest (9.1x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

Price vs profit
P/E Ratio (TTM)
25.5x
Growth-priced — P/E 25.5

P/E above the market average. People are paying up for expected growth.

Cheaper or dearer next year
P/E vs Forward
+9.9
GROWING
Earnings expected to grow meaningfully — cheaper on forward P/E (25.5 → 15.7)

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Dividends

Dividend
Dividend Yield
3.56%
Moderate income — 3.56% yield

Standard yield zone for stable dividend payers. A meaningful piece of total return.

Dividend record
Dividend Growth
+8.6%
Dividend growing modestly (8.6% YoY)
Payout Ratio
74%
no trend
Most of the profit goes out as dividends. Little left to reinvest, and less cushion if earnings dip.

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