Comments on: Unilever PLC Intrinsic Value Review

By: Unilever Sold - Fat Pitch Financials

Unilever Sold - Fat Pitch Financials — Fri, 16 Nov 2007 14:53:54 +0000

[...] news it is selling off its marinades to McCormick (MKC). The price of UL shares had become richly valued, and I started getting concerned that a margin of safety no longer remained. The 9,000 shares in [...]

By: My 90 Unilever went 40% up in a year, so I sold 65 at $33.17 today « Democratic Investments by the people for the people

Wed, 09 May 2007 18:26:04 +0000

[...] great report about Unilever is on Fat Pitch Financials, he made 70% on UL, and his research is worth a [...]

By: George

George — Tue, 13 Feb 2007 22:08:14 +0000

C. Ridder, you are right! The number should be €64.208 billion. I think I copied the wrong number from my spreadsheet. The good news is that I actually used €64.208 billion when I came up with the $27.91 intrinsic value estimate.

By: C. Ridder

C. Ridder — Tue, 13 Feb 2007 19:07:40 +0000

“Plugging these numbers into the Gordon Growth Model, I estimate that the present value of future free cash flows to be €73,940 million. To determine the value of common stock equity, I add in cash and cash equivalents of €1,440 million. Then I subtracted current and long-term debt of €10,760 million. I also factored out €412 million worth of minority interests. The result is an intrinsic stock value estimate of €51.885 billion.”

Does not 73,940 + 1,440=75,380 then subtract (10,760 + 412 = 11,172) this would equal 75,380 – 11,172=64,208 or €64.208 Billion
and not €51.885 billion.

Have I missed something?

By: Financial Carnivals - Fat Pitch Financials

Financial Carnivals - Fat Pitch Financials — Tue, 13 Feb 2007 11:34:59 +0000

[...] The Festival of Stocks went up last night. This week’s Festival of Stocks is hosted by SelfInvestors. SelfInvestors did a nice job pulling together the Festival, even though there was a little confusion regarding the deadline and then a mad rush to get it done. My article on the intrinsic value of Unilever PLC (UL) was included in the Festival of Stocks. I recommend you also check out the article on portfolio margin of safety by Worst-Case Scenario Investing. What a great blog name. [...]

By: SelfInvestors - Trading Small/Mid Cap Stocks: Technical Analysis/Research; Market Commentary

Tue, 13 Feb 2007 03:20:00 +0000

Festival of Stocks #23…

This is my first time hosting or participating in a Blog Carnival (Festival of Stocks).. I just thank God there are no clowns involved. I’m terrified of them. Anyway, on to this week’s interesting submissions from around the blogosphere. Frugal…

By: George

George — Wed, 07 Feb 2007 05:10:09 +0000

Thanks for the feedback, Jason.

By: Jason

Jason — Wed, 07 Feb 2007 05:06:19 +0000

George,

Awesome work. Thanks a lot for walking thru exactly how you came to your conclusion. I have a couple companies that I need to run through the same process for…

By: Value Investing News

Value Investing News — Tue, 06 Feb 2007 14:40:11 +0000

Unilever PLC Intrinsic Value Review…

Unilever PLC ADRs are looking fairly value according to this intrinsic value analysis. All the steps taken in this valuation are detailed so you can learn from it and question the assumptions used.
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