Forecast Of The Day: Unilever’s Foods & Refreshment Revenues

UL: Unilever logo


Unilever’s (NYSE:UL) Foods & Refreshment Revenues rose from $21.6 billion in 2019 to $23.5 billion in 2020 and to $24 billion by 2021. Trefis expects the metric to grow to $25 billion by 2023.


Relevant Articles
  1. Should You Pick Unilever Stock At $50?
  2. Does Unilever Stock Have More Room For Growth?
  3. Unilever Stock Seems Poised For A Jump
  4. Can Unilever Stock Maintain Its Outperformance?
  5. Forecast Of The Day: Unilever’s Foods & Refreshment Revenues
  6. After Strong Consolidation Last Week, Unilever Stock Looks Set To Break Out

Sales grew strongly over 2020 due to the impact of Covid-19 and the stay-at-home trend. We expect revenue to rise steadily going forward, driven by rising sales of the company’s well-known brands such as Knorr, Hellmann’s, Magnum, Lipton, and Heart.

So What?

We think UL stock is undervalued at current levels. We value UL at about $63 per share, 35% ahead of the current market price.

See Our Complete Analysis For Unilever

What if you’re looking for a more balanced portfolio instead? Our high-quality portfolio and multi-strategy portfolio have beaten the market consistently since the end of 2016.

Invest with Trefis Market Beating Portfolios
See all Trefis Price Estimates