Unilever Still Undervalued, say Analysts

Morningstar analysts believe Unilever offers modest upside to its current market price after mixed full-year results were received negatively by investors

Philip Gorham 31 January, 2019 | 3:01PM

Unilever

Shares in FTSE 100 consumer goods giant Unilever (ULVR) fell in London today as sales growth in the final quarter missed estimates. The company's share price lost 2% to £39.70, leaving it below Morningstar's fair value estimate of £46.50.

Unilever reported sales growth for 2018 that was slightly softer than Morningstar analyst assumptions, but a strong margin performance meant that pre-tax profit came in above our forecast. Pre-tax profits were up 53% year on year but revenue fell 5% on 2017.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Unilever PLC4,306.00 GBX0.54

About Author

Philip Gorham  

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