Unilever PLC
ULVR: XLON (GBR)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
GBX 9,734.00 | Xvdj | Fnxrhjkp |
Strong Finish to 2022, but Unilever Not Out of the Woods yet
Unilever reported better fourth-quarter revenue and earnings than we had expected, in an impressive performance given the multitude of macroeconomic challenges the company faces. This performance has minimal impact on our valuation, however, and we are retaining our EUR 50 fair value estimate for the Amsterdam-traded shares. The results increase our conviction that there is modest upside to Unilever's valuation, as at the close of business on Feb. 8.