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Unilever

ULVR.L
58
Household & Personal Products · Consumer Defensive
Price
4,681.00 GBp
+32.00 (+0.69%)
Market Cap
£100.84B
Exchange
London Stock Exchange
Winston Score
58
Winston is curious
A decent business — some strong pillars, some weaker.
Data as of Aug 23, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Good
Growth
Good
Cash Flow
Exceptional
Stability
Good
Valuation
Strong
Dividends
Good

Share count falling — buybacks

5.4% over 4y

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

Diluted shares outstanding: 2.32B (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 — things like soap, shampoo, laundry detergent, ice cream, and food sauces. Its brands include Dove, Axe, Hellmann's, Lipton, and Ben & Jerry's, and it sells to ordinary consumers through supermarkets, pharmacies, and convenience stores worldwide. It is one of the largest consumer goods companies on the planet, with a portfolio of roughly 400 brands across personal care, home care, and nutrition.

Unilever makes money by selling physical products, earning revenue each time a consumer buys one of its brands off a shelf. It operates in over 190 countries, with a large share of sales coming from fast-growing emerging markets like India, Indonesia, and Brazil, which gives it broad geographic diversification. Its main competitive advantage is brand recognition built over decades, but its biggest ongoing risk is cost inflation in raw materials — like palm oil and packaging — which can squeeze profit margins if prices cannot be passed on to consumers.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+72.2% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+97.2% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

€821M/ year

Declining (-17% vs prior year)

1.6% of revenue

In line with sector average (2%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

0.8%ownership

Rising

Insiders increasing their stake — aligned with shareholders

Cash Position

Cash flow positive

€9.4B cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Company generates more cash than it spends — no dilution risk from fundraising

Revenue accelerating

Unilever grew revenue 72% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

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
26.3%
Exceptional — 26.3% return on capital

ROIC above 25%. Every dollar invested in the business earns more than 25 cents back per year.

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Growth

Sales growth
Sales YoY
+3.5%
Slow sales growth (+3.5% YoY)
Profit growth
EPS YoY
+68.6%
Earnings growing fast (+68.6% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is
EPS Consistency
5/8 quarters
Mixed — about half the quarters showed growth

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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
12.08x
Comfortably covers interest (12.1x)

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

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Valuation

Price vs profit
P/E Ratio (TTM)
18.1x
Fair value — P/E 18.1

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year
P/E vs Forward
+3.1
GROWING
Earnings expected to grow meaningfully — cheaper on forward P/E (18.1 → 15.0)

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Dividends

Dividend
Dividend Yield
3.59%
Moderate income — 3.59% yield

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

Dividend record
Dividend Growth
+5.0%
Dividend growing modestly (5.0% YoY)

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