Report
Philip Gorham, CFA, FRM
EUR 98.48 For Business Accounts Only

Unilever is a secular share gainer, but intracategory competition may continue to grow.

It took an approach from Kraft Heinz to spark management into life, but the results of Unilever’s strategic review suggest that the company has finally got religion on the emerging competitive challenges it faces in its categories. We welcome the overdue measures to leverage its wide economic moat and extract more cash from the business, and we think the new financial targets are, for the most part, achievable. We are raising our fair value estimate by 25% to EUR 50 from EUR 40 for the Amsterdam...
Underlying
Unilever PLC ADS

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Philip Gorham, CFA, FRM

Other Reports on these Companies
Other Reports from Morningstar

ResearchPool Subscriptions

Get the most out of your insights

Get in touch