Forecast Of The Day: Unilever’s Foods & Refreshment Revenues
What?
Unilever’s (NYSE:UL) foods & refreshment revenues – which include its foods, ice cream, and beverages categories – rose from $21.6 billion in 2019 to $24 billion in 2021. Trefis expects the metric to rise to about $25 billion by 2023.
Why?
- Should You Pick Unilever Stock At $50?
- Does Unilever Stock Have More Room For Growth?
- Unilever Stock Seems Poised For A Jump
- Can Unilever Stock Maintain Its Outperformance?
- Forecast Of The Day: Unilever’s Foods & Refreshment Revenues
- After Strong Consolidation Last Week, Unilever Stock Looks Set To Break Out
While growth over 2020 and 2021 was driven by higher demand through the Covid-19 lockdowns, we expect the growth rate to cool a bit going forward.
So What?
We think UL stock is undervalued at current levels. We value UL at about $63 per share, 40% ahead of the current market price.
See Our Complete Analysis For Unilever
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| Returns | Mar 2022 MTD [1] |
2022 YTD [1] |
2017-22 Total [2] |
| UL Return | -10% | -16% | 12% |
| S&P 500 Return | -2% | -10% | 91% |
| Trefis MS Portfolio Return | -3% | -13% | 244% |
[1] Month-to-date and year-to-date as of 3/10/2022
[2] Cumulative total returns since the end of 2016