{"id":19378,"date":"2019-11-25T14:27:31","date_gmt":"2019-11-25T18:27:31","guid":{"rendered":"https:\/\/www.pgmcapital.com\/?p=19378"},"modified":"2019-11-25T14:27:33","modified_gmt":"2019-11-25T18:27:33","slug":"highlights-of-the-unilever-group","status":"publish","type":"post","link":"https:\/\/www.pgmcapital.com\/nl\/highlights-of-the-unilever-group\/","title":{"rendered":"HIGHLIGHTS OF THE UNILEVER GROUP"},"content":{"rendered":"\n<p>Dear PGM Blog readers,<\/p>\n\n\n\n<p>In our last Novembers&#8217; blog article, we would like to inform you with the latest developments on THE UNILEVER GROUP, and how you can&nbsp; profit as a value investor from these developments;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">INTRODUCTION:<\/h3>\n\n\n\n<p><strong>Unilever<\/strong>&nbsp;(ULVR.LE and UNA.AS) is a British-Dutch&nbsp;transnational consumer goods&nbsp;company co-headquartered in&nbsp;London,&nbsp;United Kingdom, and&nbsp;Rotterdam,&nbsp;Netherlands. <\/p>\n\n\n\n<p>Its products include food and beverages (about 40 percent of its revenue),&nbsp;cleaning agents,&nbsp;beauty products, and&nbsp;personal care&nbsp;products. <\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img decoding=\"async\" src=\"https:\/\/www.pgmcapital.com\/wp-content\/uploads\/2019\/11\/1200px-Unilever.svg_-925x1024.png\" alt=\"\" class=\"wp-image-19382\" width=\"500\" srcset=\"https:\/\/www.pgmcapital.com\/wp-content\/uploads\/2019\/11\/1200px-Unilever.svg_-925x1024.png 925w, https:\/\/www.pgmcapital.com\/wp-content\/uploads\/2019\/11\/1200px-Unilever.svg_-271x300.png 271w, https:\/\/www.pgmcapital.com\/wp-content\/uploads\/2019\/11\/1200px-Unilever.svg_-768x850.png 768w, https:\/\/www.pgmcapital.com\/wp-content\/uploads\/2019\/11\/1200px-Unilever.svg_.png 1200w\" sizes=\"(max-width: 925px) 100vw, 925px\" \/><\/figure><\/div>\n\n\n\n<p>Unilever is Europe\u2019s seventh most valuable company, is one of the oldest multinational companies; its products are available in around 190 countries.<\/p>\n\n\n\n<p>It owns over 400 brands, with a turnover in 2017 of 53.7 billion\u00a0euros,\u00a0and thirteen brands with sales of over one billion euros: Axe\/Lynx,\u00a0Dove,\u00a0Omo,\u00a0Heartbrand\u00a0ice creams,\u00a0Hellmann&#8217;s,\u00a0Knorr,\u00a0Lipton,\u00a0Lux,\u00a0Magnum,\u00a0Rexona\/Degree,\u00a0Sunsilk\u00a0and\u00a0Surf.\u00a0<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img loading=\"lazy\" decoding=\"async\" width=\"650\" height=\"366\" src=\"https:\/\/www.pgmcapital.com\/wp-content\/uploads\/2019\/11\/http3blmedia.commediastylesfmr_page_photos_blogpublicvideosthumbnails198557thumbnail-198557_0006.pngitokI1WMaMlL.png\" alt=\"\" class=\"wp-image-19386\" srcset=\"https:\/\/www.pgmcapital.com\/wp-content\/uploads\/2019\/11\/http3blmedia.commediastylesfmr_page_photos_blogpublicvideosthumbnails198557thumbnail-198557_0006.pngitokI1WMaMlL.png 650w, https:\/\/www.pgmcapital.com\/wp-content\/uploads\/2019\/11\/http3blmedia.commediastylesfmr_page_photos_blogpublicvideosthumbnails198557thumbnail-198557_0006.pngitokI1WMaMlL-300x169.png 300w\" sizes=\"auto, (max-width: 650px) 100vw, 650px\" \/><\/figure><\/div>\n\n\n\n<p>Having\u00a0a\u00a0dual-listed company\u00a0consisting of Unilever plc (ULVR.L)\u00a0and\u00a0Unilever N.V. (<a rel=\"noreferrer noopener\" href=\"http:\/\/una.as\/\" target=\"_blank\">UNA.AS<\/a>),\u00a0it is\u00a0based in London\u00a0and\u00a0Rotterdam\u00a0respectively.\u00a0<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">SELLING OF SOAP BUSINESS IN CENTRAL AMERICA:<\/h3>\n\n\n\n<p>Unilever&nbsp;<a href=\"https:\/\/www.unilever.com\/news\/press-releases\/2019\/unilever-to-dispose-its-direct-application-business-in-central-america.html\" target=\"_blank\" rel=\"noreferrer noopener\">has announced<\/a>&nbsp;that Industria La Popular, a Guatemala-based company, has offered to buy its direct application soap bars business in Central America for an undisclosed sum.<\/p>\n\n\n\n<p>The deal also includes a licence for Industria La Popular to use the brands Xtra, Surf, Unox, and Rinso.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img decoding=\"async\" src=\"https:\/\/www.pgmcapital.com\/wp-content\/uploads\/2019\/11\/18893331_842382352577336_1040437067106491230_n.jpg\" alt=\"\" class=\"wp-image-19388\" width=\"500\" srcset=\"https:\/\/www.pgmcapital.com\/wp-content\/uploads\/2019\/11\/18893331_842382352577336_1040437067106491230_n.jpg 716w, https:\/\/www.pgmcapital.com\/wp-content\/uploads\/2019\/11\/18893331_842382352577336_1040437067106491230_n-236x300.jpg 236w\" sizes=\"(max-width: 716px) 100vw, 716px\" \/><\/figure><\/div>\n\n\n\n<p>However, the right to use these brands in the detergents category will be retained by Unilever, the FMCG giant said in its statement.<\/p>\n\n\n\n<p>The transaction, expected to close in the second half of 2020, is subject to regulatory approvals by the local authorities.<\/p>\n\n\n\n<p>Industria La Popular is a homecare and personal care business, that employs more than 2,000 people and offers around 15 brands.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">PGM CAPITAL&#8217;s ANALYSIS &amp; COMMENTS:<\/h3>\n\n\n\n<h5 class=\"wp-block-heading\">Going Eco friendly:<\/h5>\n\n\n\n<p>Unilever aims to reduce the environmental footprint of their operations &#8211; including their offices and manufacturing sites &#8211; as their business grows. <\/p>\n\n\n\n<p>The Unilever <a rel=\"noreferrer noopener\" aria-label=\"Sustainable Living Plan (opens in a new tab)\" href=\"https:\/\/www.unilever.com\/sustainable-living\/reducing-environmental-impact\/eco-efficiency-in-our-operations\/\" target=\"_blank\">Sustainable Living Plan<\/a> (USLP) sets out their greenhouse gas, water and waste reduction targets and our ambition to play a leadership role in the transition to a zero-carbon economy by becoming carbon positive in their operations by 2030, with the following timeline:<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img decoding=\"async\" src=\"https:\/\/www.pgmcapital.com\/wp-content\/uploads\/2019\/11\/green-earth.png\" alt=\"\" class=\"wp-image-19392\" width=\"500\" srcset=\"https:\/\/www.pgmcapital.com\/wp-content\/uploads\/2019\/11\/green-earth.png 894w, https:\/\/www.pgmcapital.com\/wp-content\/uploads\/2019\/11\/green-earth-300x244.png 300w, https:\/\/www.pgmcapital.com\/wp-content\/uploads\/2019\/11\/green-earth-768x624.png 768w\" sizes=\"(max-width: 894px) 100vw, 894px\" \/><\/figure><\/div>\n\n\n\n<ul class=\"wp-block-list\"><li>Source 100% of energy used across their operations from renewable sources by 2030.<\/li><li>Source all electricity purchased from the grid from renewable sources by 2020.<\/li><li>Eliminate coal from their energy mix by 2020.<\/li><li> Using more recycled plastic and finding other alternative materials <\/li><\/ul>\n\n\n\n<h5 class=\"wp-block-heading\">Share performance:<\/h5>\n\n\n\n<p>As can be seen from below chart shares of the company since the end of the great recession has rissen with approx. 400 percent.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img decoding=\"async\" src=\"https:\/\/www.pgmcapital.com\/wp-content\/uploads\/2019\/11\/Unilever-all-time-chart-PM-1024x491.png\" alt=\"\" class=\"wp-image-19394\" width=\"700\" srcset=\"https:\/\/www.pgmcapital.com\/wp-content\/uploads\/2019\/11\/Unilever-all-time-chart-PM-1024x491.png 1024w, https:\/\/www.pgmcapital.com\/wp-content\/uploads\/2019\/11\/Unilever-all-time-chart-PM-300x144.png 300w, https:\/\/www.pgmcapital.com\/wp-content\/uploads\/2019\/11\/Unilever-all-time-chart-PM-768x368.png 768w, https:\/\/www.pgmcapital.com\/wp-content\/uploads\/2019\/11\/Unilever-all-time-chart-PM.png 1655w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><\/div>\n\n\n\n<p>On top of this the company, has increased its yearly dividend from 51.1 pence in 2006 to GBP 1.353 in 2018, as can be seen from below chart.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img decoding=\"async\" src=\"https:\/\/www.pgmcapital.com\/wp-content\/uploads\/2019\/11\/Unilever-dividend-aristocrat.png\" alt=\"\" class=\"wp-image-19395\" width=\"500\" srcset=\"https:\/\/www.pgmcapital.com\/wp-content\/uploads\/2019\/11\/Unilever-dividend-aristocrat.png 614w, https:\/\/www.pgmcapital.com\/wp-content\/uploads\/2019\/11\/Unilever-dividend-aristocrat-259x300.png 259w\" sizes=\"(max-width: 614px) 100vw, 614px\" \/><\/figure><\/div>\n\n\n\n<p>Based on the company&#8217;s fundamentals, P\/E ratio of 14.8, strong balance sheet and the ability to increase its dividend payout YOY, we have a BUY RATING on the shares of the company.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Disclosure:<\/h4>\n\n\n\n<p>We own shares of Unilever in our personal portfolio.<\/p>\n\n\n\n<p>Last but not least, before taking any investment decision, always take your investment horizon and risk tolerance into consideration and keep in mind that; share prices don\u2019t move in a straight line and that Past Performance Is Not Indicative Of Future Results.<\/p>\n\n\n\n<p>Yours sincerely,<\/p>\n\n\n\n<figure class=\"wp-block-image is-resized\"><a href=\"https:\/\/www.pgmcapital.com\/wp-content\/uploads\/2015\/06\/eric.jpg\"><img decoding=\"async\" src=\"https:\/\/www.pgmcapital.com\/wp-content\/uploads\/2015\/06\/eric.jpg\" alt=\"\" class=\"wp-image-14\" width=\"110\" srcset=\"https:\/\/www.pgmcapital.com\/wp-content\/uploads\/2015\/06\/eric.jpg 160w, https:\/\/www.pgmcapital.com\/wp-content\/uploads\/2015\/06\/eric-150x150.jpg 150w\" sizes=\"(max-width: 160px) 100vw, 160px\" \/><\/a><\/figure>\n\n\n\n<p>Eric Panneflek<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dear PGM Blog readers, In our last Novembers&#8217; blog article, we would like to inform you with the latest developments on THE UNILEVER GROUP, and how you can&nbsp; profit as a value investor from these developments; INTRODUCTION: Unilever&nbsp;(ULVR.LE and UNA.AS) is a British-Dutch&nbsp;transnational consumer goods&nbsp;company co-headquartered in&nbsp;London,&nbsp;United Kingdom, and&nbsp;Rotterdam,&nbsp;Netherlands. Its products include food and beverages<a href=\"https:\/\/www.pgmcapital.com\/nl\/highlights-of-the-unilever-group\/\">[&#8230;]<\/a><\/p>\n","protected":false},"author":2,"featured_media":19399,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[51],"tags":[],"class_list":["post-19378","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pgm-capital-blog"],"_links":{"self":[{"href":"https:\/\/www.pgmcapital.com\/nl\/wp-json\/wp\/v2\/posts\/19378","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pgmcapital.com\/nl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pgmcapital.com\/nl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pgmcapital.com\/nl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pgmcapital.com\/nl\/wp-json\/wp\/v2\/comments?post=19378"}],"version-history":[{"count":16,"href":"https:\/\/www.pgmcapital.com\/nl\/wp-json\/wp\/v2\/posts\/19378\/revisions"}],"predecessor-version":[{"id":19401,"href":"https:\/\/www.pgmcapital.com\/nl\/wp-json\/wp\/v2\/posts\/19378\/revisions\/19401"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pgmcapital.com\/nl\/wp-json\/wp\/v2\/media\/19399"}],"wp:attachment":[{"href":"https:\/\/www.pgmcapital.com\/nl\/wp-json\/wp\/v2\/media?parent=19378"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pgmcapital.com\/nl\/wp-json\/wp\/v2\/categories?post=19378"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pgmcapital.com\/nl\/wp-json\/wp\/v2\/tags?post=19378"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}