• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Opinions Blurb

Unilever Post N5.6B Pat, Roe Stable At A Whopping 41%

Ugodre Obi-chukwu by Ugodre Obi-chukwu
April 2, 2013
in Blurb
Share on FacebookShare on TwitterShare on Linkedin

 

What happens when 100% of your current assets are financed by 100% of trade liabilities? Your damn right to have negative working capital. On a flip side which by the way is the right side, returns on equity is also likely to be very high.

 

RelatedStories

How Much Money Do You Need To Start Investing?

Profits Windfall for Total, BUA Foods, Unilever!

April 8, 2025
Unilever, UK Government and EY, announce grant of £500,000 for five West African Startups, including three in Nigeria 

Unilever, UK Government and EY, announce grant of £500,000 for five West African Startups, including three in Nigeria 

April 5, 2025

Unilever Nigeria Plc (The Group) released its full year 2012 Audited Accounts with revenue rising 1.5% to N55.47 from N54.7billion posted at the end of 2011. Operating Profit rose slightly (16%) to N8.9billion in 2012 against N8.3billion (15%) in 2011. Profit after tax attributed to the group rose 1.5% to N5.7billion for the year. The profit after tax of N5.6billion helped steady its return on average equity to 40.73% for the year lower that 41.3% posted in 2011. Fora company to post this sort of ROAE will have to mean the business is largely financed by cheap loans or with very cheap credit such as trade payables. The latter is obviously the case here.

 

Unilever also post a  Return on Average Asset of 25.9% and turns over its inventory 4.5years annually. The company has very little long term loans preferring only overdrafts to finance working capital shortfalls helping with a cash in bank of about N1.8billion. Stats such as this can mostly be found in foreign run and owned entities and so one is not surprised.

 

Unilever has proposed a dividend payout of N1.40 per share (same with 2011) and represents a yield of about 2.6% and 100% in dividend payout ratio. In other words, the group is paying out all of its earnings this year as dividend. Unilever currently trades at N53.75 and has risen 88% in the last one year. It currently has a P.E ratio of about 30X, way above its underlying growth potential and ostensibly overvalued. But with stats like this, very few investors will not want to have this stock in their portfolio.

 

Unilever Audited Accounts as Posted on the website of the NSE

 

Tags: Unilever
Ugodre Obi-chukwu

Ugodre Obi-chukwu

Ugo Obi-Chukwu "Ugodre" is the Founder, Publisher, and Chief Analyst of Nairametrics, a leading business and financial news online platform in Nigeria. Ugo is also the Chief Editor of the Nairametrics “Blurb” Opinion pages. Follow Ugodre on Twitter @ugodre and Instagram @ugodre Email: ugodre@nairametrics.com

Related Posts

How Much Money Do You Need To Start Investing?
Digital Media

Profits Windfall for Total, BUA Foods, Unilever!

April 8, 2025
Unilever, UK Government and EY, announce grant of £500,000 for five West African Startups, including three in Nigeria 
Company News

Unilever, UK Government and EY, announce grant of £500,000 for five West African Startups, including three in Nigeria 

April 5, 2025
Are Nigerian Consumer Stocks the Next Big Investment?
Digital Media

Are Nigerian Consumer Stocks the Next Big Investment?

February 12, 2025
Cadbury vs. Unilever – The FMCG Face-Off!
Digital Media

Cadbury vs. Unilever – The FMCG Face-Off!

January 30, 2025
Unilever
Companies

Full Year 2024 Unaudited Report: Unilever Nigeria records 44% growth in Turnover

January 27, 2025
FMCGs
Consumer Goods

FMCGs record 133% increase in finance cost in 2024  

November 26, 2024
Next Post
Analysis: Will GT Bank shares rise or drop this week?

Gtb 2012 Full Year Results: Increase Pat By 81% To N86.6Billion

Comments 2

  1. Rotimi Abraham says:
    April 2, 2013 at 3:57 pm

    Good performance.

    Reply
  2. Ugometrics says:
    April 2, 2013 at 5:57 pm

    Yeah…quite expected. But the share price seem high. What do you think?

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • Africa Re to celebrate retirement Of DMD/COO, Mr. Ken Aghoghovbia
  • Sovereign green bond offer records N91.42 billion, oversubscribed by 183% – DMO 
  • Banks clear 95% of N180 billion USSD debt, 3 lenders still owing – ALTON 

Follow us on social media:

Recent News

Africa Re to celebrate retirement Of DMD/COO, Mr. Ken Aghoghovbia

Africa Re to celebrate retirement Of DMD/COO, Mr. Ken Aghoghovbia

June 19, 2025
DMO, FGN Savings Bonds

Sovereign green bond offer records N91.42 billion, oversubscribed by 183% – DMO 

June 19, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics