Nestle Pakistan

Resource Person Presented by

Sir Abdul Kareem Muhammad Hassan
MBA 6th (2012-15)
Presented by Muhammad Hassan
 Introduction
Nestle Pakistan Limited is a Pakistan based food and
beverages company.

The Company is engaged in manufacturing, processing

and sale of food products.

Presented by Muhammad Hassan

 Introduction Cont.…

Started its' business life with only one product

and that was condensed milk for infants

named as Farine Lactée Nestlé.

Presented by Muhammad Hassan

 Founder

Henri Nestle (1814

Presented by Muhammad Hassan - 1890)
 History of Nestle Pakistan
The Company was formed in 1905 by Anglo-Swiss Milk
Company. The brothers George Page, Clarks Page and Farine
Lactee were the owners.

Nestlé in Pakistan is operating since 1988 under a

joint venture with MilkPak ltd and took over
management in 1992.

Presented by Muhammad Hassan

 CEO Nestle Pak

Bruno Olierhoek

Managing Director and

C.E.O of Nestlé

Pakistan
Presented by Muhammad Hassan
 Nestle Headquarter

Nestlé Headquarter is in Vevey, Switzerland,

situated on Lake Geneva.

Nestle Corporate office is in Lahore.

Presented by Muhammad Hassan

 Factories

Sheikhupura Factory

Khanewal Factory

Islamabad water factory

Port Qasim Water Factory

Presented by Muhammad Hassan

Nestle Products
Ambient Dairy
Chilled Dairy
Juices
Bottled water
Culinary & Food
Baby Food
Breakfast Cereals
Coffee
Presented by Muhammad Hassan
Confectionery
Income Statement Vertical Analysis Horizontal Analysis
Years 2014 2013 2012 2011 2010 2009 2014 2013 2012 2011 2010 2009

Sales – net 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 234.37% 209.51% 192.17% 157.51% 125.10% 100.00%

Cost of goods 71.67% 71.98% 72.79% 74.20% 73.04% 71.09% 236.30% 212.14% 196.75% 164.40% 128.55% 100.00%
sold
Gross profit 28.33% 28.02% 27.21% 25.80% 26.96% 28.91% 229.63% 203.05% 180.89% 140.56% 116.64% 100.00%

Distribution and 11.49% 12.45% 11.11% 10.59% 11.09% 12.73% 211.62% 204.86% 167.75% 130.99% 108.98% 100.00%
selling expenses
Administration 2.20% 2.27% 2.24% 2.17% 2.55% 2.64% 195.84% 180.44% 163.10% 129.51% 120.87% 100.00%
expenses
Operating profit 14.63% 13.30% 13.87% 13.05% 13.32% 13.55% 253.14% 205.75% 196.69% 151.70% 123.00% 100.00%

Finance cost 2.23% 2.45% 2.31% 1.62% 1.00% 1.07% 487.65% 478.02% 413.52% 237.61% 116.07% 100.00%

Other operating 1.53% 1.67% 1.67% 1.64% 1.59% 2.65% 134.95% 131.95% 121.00% 97.53% 75.07% 100.00%
expenses
Other operating 0.54% 0.23% 0.20% 0.25% 0.33% 0.35% 363.45% 134.98% 111.10% 110.68% 118.28% 100.00%
income
Profit before 11.41% 9.41% 10.09% 10.03% 11.06% 10.17% 262.98% 193.80% 190.58% 155.34% 136.07% 100.00%
taxation
Taxation 3.19% 2.60% 2.67% 2.83% 3.08% 2.87% 260.76% 190.17% 178.94% 155.32% 134.05% 100.00%

Profit after 8.22% 6.80% 7.42% 7.20%Presented by Muhammad

7.99% Hassan 263.86% 195.22% 195.15% 155.35% 136.86% 100.00%
7.30%
taxation
 0.00%
10.00%
20.00%
40.00%
50.00%
60.00%
70.00%

30.00%
80.00%

71.67%
71.98%
72.79%
74.20%
73.04%

C.O.G.S
71.09%

28.33%
28.02%
27.21%

G.P
25.80%
26.96%
28.91%

13.69%
14.72%
13.35%
2014

O.E
12.76%
13.64%
15.37%

14.63%
13.30%
13.87%

O.P
2013

13.05%
13.32%
13.55%

2.23%
2.45%
2.31%
Presented by Muhammad Hassan

1.62%
2012

FIN. C

1.00%
1.07%

11.41%
9.41%
10.09%
Income Statement Vertical Analysis

10.03%
2011

E.B.T

11.06%
10.17%

3.19%
2.60%
2.67%
2.83%
TAX
2010

3.08%
2.87%

8.22%
6.80%
7.42%
7.20%
2009

E.A.T

7.99%
7.30%
 0.00%
100.00%
200.00%
300.00%
400.00%
500.00%
600.00%

234.37%
209.51%
192.17%
157.51%

SALES
125.10%
100.00%
2014

236.30%
212.14%
196.75%
164.40%
128.55%

C.O.G.S
100.00%

229.63%
203.05%
2013

180.89%

G.P
140.56%
116.64%
100.00%

307.46%
285.30%
230.85%
160.50%

O.E
2012

129.85%
100.00%

253.14%
205.75%
196.69%

O.P
151.70%
123.00%
100.00%
2011

Presented by Muhammad Hassan

487.65%
478.02%
413.52%
237.61%
FIN. C

116.07%
100.00%
2010

262.98%
Income Statement Horizontal Analysis

193.80%
190.58%
155.34%
E.B.T

136.07%
100.00%

260.76%
190.17%
178.94%
2009

155.32%
TAX

134.05%
100.00%

263.86%
195.22%
195.15%
155.35%
E.A.T

136.86%
100.00%
Balance Sheet
2014 2013 2012 2011 2010 2009 2014 2013 2012 2011 2010
ASSETS
Current assets
Stores and spares 2.34% 2.44% 2.70% 3.63% 4.58% 4.68% 139.08% 146.55% 158.03% 147.12% 120.92%
Stock in trade 18.87% 15.16% 15.68% 20.08% 20.05% 20.96% 250.68% 203.47% 204.87% 181.36% 118.15%
Trade debts 0.53% 0.66% 0.97% 0.79% 0.55% 1.30% 112.66% 143.16% 203.48% 114.54% 52.33%
Current long term loans 0.15% 0.11% 0.09% 0.09% 0.08% 0.11% 362.09% 265.49% 217.66% 147.13% 91.13%
Advances & other
13.26% 14.56% 12.20% 11.49% 8.93% 8.09% 456.33% 506.71% 413.05% 268.97% 136.32%
receivables
Cash and bank balances 0.44% 1.38% 1.50% 2.00% 2.20% 1.70% 71.62% 228.03% 240.94% 222.32% 160.09%
Total Current Assets 35.58% 34.30% 33.13% 38.08% 36.39% 36.83% 268.87% 262.02% 246.28% 195.68% 122.02%
Tangible Fixed Assets
PP&E 59.06% 60.18% 43.17% 46.14% 49.54% 57.57% 285.49% 294.07% 205.32% 151.67% 106.26%
Capital work-in-progress 4.32% 4.50% 22.70% 15.27% 13.40% 4.92% 244.16% 257.01% 1262.31% 586.97% 336.24%
Total Tangible Assets 63.37% 64.68% 65.87% 61.40% 62.94% 62.49% 282.24% 291.15% 288.58% 185.96% 124.37%
Intangible assets 0.00% 0.00% 0.01% 0.03% 0.07% 0.04% 0.00% 33.66% 100.94% 168.22% 235.51%
Goodwill 0.32% 0.32% 0.20% 0.00% 0.00% 0.00% 167.55% 167.55% 104.18% 0.00% 0.00%
Long term loans & advances 0.61% 0.56% 0.47% 0.46% 0.55% 0.61% 279.85% 257.56% 208.51% 142.73% 110.74%
Long term security deposits 1.70% 1.74% 2.99% 0.40% 0.58% 0.33% 1106.23% 1419.98% 1963.05% 195.32% 195.32%
Total Intangible Assets 1.05% 1.02% 0.88% 0.52% 0.66% 0.68% 430.45% 424.77% 355.55% 146.27% 121.18%
Presented by Muhammad Hassan
Total Assets 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 278.32% 281.32% 273.79% 189.27% 123.49%
 Balance Sheet
LIABILITIES AND EQUITY
Current Liabilities
Current as non-current liab. 5.96% 9.24% 0.08% 0.12% 0.25% 7.11% 233.13% 365.37% 3.15% 3.14% 4.37%
Short term borrowings 7.76% 0.00% 7.67% 14.07% 9.34% 11.33% 190.65% 0.00% 185.24% 235.11% 101.82%
Short term running finance 11.50% 6.42% 11.67% 11.87% 12.12% 4.07% 786.65% 443.78% 784.99% 552.02% 367.66%
Customer security deposits 0.43% 0.35% 0.36% 0.43% 0.56% 0.57% 209.07% 172.19% 174.52% 141.73% 121.92%
Trade and other payables 27.76% 17.91% 19.15% 20.87% 20.19% 20.16% 383.36% 250.03% 260.09% 196.02% 123.69%
Interest and mark-up accrued 0.29% 0.50% 0.39% 0.36% 0.27% 0.25% 314.29% 561.48% 417.94% 273.17% 130.71%
Total Current Liabilities 53.70% 34.43% 39.32% 47.72% 42.73% 43.49% 343.64% 222.70% 247.47% 207.70% 121.32%
Non-current liabilities
Long term finances 13.44% 33.40% 30.21% 22.31% 24.28% 22.65% 165.09% 414.77% 364.95% 186.38% 132.37%
Deferred taxation 6.31% 7.85% 6.49% 7.04% 7.43% 8.24% 213.02% 267.77% 215.68% 161.68% 111.33%
Retirement benefits 2.15% 1.65% 1.25% 1.25% 1.00% 1.16% 514.53% 399.40% 295.47% 203.95% 106.11%
Liabilities against assets 0.00% 0.00% 0.00% 0.04% 0.24% 0.64% 0.00% 0.00% 0.00% 11.57% 46.85%
Total Noncurrent Liab. 21.89% 42.89% 37.96% 30.64% 32.95% 32.69% 186.38% 369.09% 317.75% 177.38% 124.47%
Share Capital and Reserves
Authorized capital 1.45% 1.43% 1.47% 2.13% 3.27% 4.04% 100.00% 100.00% 100.00% 100.00% 100.00%
Issued and paid up capital 0.88% 0.87% 0.89% 1.29% 1.98% 2.44% 100.00% 100.00% 100.00% 100.00% 100.00%
Share premium 0.48% 0.48% 0.49% 0.71% 1.09% 1.34% 100.00% 100.00% 100.00% 100.00% 100.00%
General reserve 0.54% 0.54% 0.55% 0.80% 1.22% 1.51% 100.00% 100.00% 100.00% 100.00% 100.00%
Accumulated profit 22.54% 20.80% 20.79% 18.84% 20.04% 18.53% 338.53% 315.81% 307.13% 192.49% 133.53%
Total Equity 24.41% 22.68% 22.72% 21.64% 24.32% 23.82% 285.24% 267.89% 261.13% 171.96% 126.09%
Presented by Muhammad Hassan
Total Equity& Liabilities 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 278.32% 281.32% 273.70% 189.27% 123.49%
 Balance Sheet Vertical Analysis
120.00%

100.00%

100.00%
100.00%
100.00%
100.00%
100.00%

100.00%

100.00%
100.00%
100.00%

100.00%
100.00%
100.00%

80.00%

66.75%
65.70%
64.42%

2014
63.61%
63.17%
61.92%
2013

53.70%
60.00%
2012

47.72%
2011

43.49%

42.89%
42.73%
39.32%
2010
38.08%

37.96%
36.83%
36.39%
35.58%

34.43%
34.30%
33.13%

32.95%
32.69%
40.00% 2009

30.64%

24.41%

24.32%
23.82%
22.72%
22.68%
21.89%

21.64%
20.00%

0.00%
TOTAL CURRENT TOTAL LONGTERM TOTAL ASSETS Presented
T O T Aby
L CMuhammad
URRENT Hassan
TOTAL NONCURRENT TOTAL EQUITY TOTAL EQUITY AND
ASSESTS ASSETS LIABILITIES LIABILITIES LIABILITIES
 Balance Sheet Horizontal Analysis
2014 2013 2012 2011 2010 2009

369.09%
400.00%

343.64%
350.00%

317.75%
292.58%
289.29%

285.24%
283.82%

281.32%

281.32%
278.32%

278.32%
273.79%

273.70%
268.87%

267.89%
300.00%
262.02%

261.13%
247.47%
246.28%

222.70%
250.00%

207.70%
195.68%

189.27%

189.27%
186.38%
185.54%

177.38%

171.96%
200.00%

126.09%
124.47%
124.34%

123.49%

123.49%
122.02%

121.32%
150.00%
100.00%

100.00%

100.00%

100.00%

100.00%

100.00%

100.00%
100.00%

50.00%

0.00%
TOTAL CURRENT TOTAL LONGTERM T O T A L A S S E TPresented
S byT O
Muhammad
T A L C U R R EHassan
NT TOTAL NONCURRENT TOTAL EQUITY TOTAL EQUITY AND
ASSESTS ASSETS LIABILITIES LIABILITIES LIABILITIES
 Liquidity Ratios
Nestle Unilever Nestle Unilever Nestle Unilever Nestle Unilever Nestle Unilever Nestle Unilever

Years 2014 2014 2013 2013 2012 2012 2011 2011 2010 2010 2009 2009

Current
0.66 0.61 1.00 0.68 0.84 0.96 0.80 0.88 0.85 1.09 0.85 0.88
ratio

Quick
0.02 0.28 0.06 0.35 0.06 0.38 0.06 0.38 0.06 0.54 0.07 0.39
ratio

Cash
0.01 0.05 0.04 0.16 0.04 0.15 0.04 0.08 0.05 0.12 0.04 0.06
ratio

Working
(9,371,460) (1,009,623) (64,506) (559,663) (3,143,967) (54,140) (3,393,438) (134,790) (1,453,649) 57,929 (1,237,602) (80,000)
capital Presented by Muhammad Hassan
 0.4
0.6
0.8
1.2

0.2

0
1
0.66
0.61
1
0.68
0.84
0.96
0.8
0.88

CURRENT RATIO
0.85
1.09
0.85
0.88

0.02
0.28

QUICK RATIO
0.06
0.35
Nestle 2010
Nestle 2012
Nestle 2014

0.06
0.38
0.06
0.38
0.06
LIQUIDITY RATIO

Presented by Muhammad Hassan

0.54
0.07
0.39
Unilever2014

Unilever 2010
Unilever 2012

Nestle 2014, 0.01

CASH RATIO

Unilever2014, 0.05
Nestle 2013, 0.04
Unilever 2013, 0.16
Nestle 2012, 0.04
Nestle 2009
Nestle 2011
Nestle 2013

Unilever 2012, 0.15

Nestle 2011, 0.04
Unilever 2011, 0.08
Nestle 2010, 0.05
Unilever 2010, 0.12
Nestle 2009, 0.04
Unilever 2009, 0.06
Unilever 2009
Unilever 2011
Unilever 2013
 Activity Ratios
Nestle Unilever Nestle Unilever Nestle Unilever Nestle Unilever Nestle Unilever Nestle Unilever

Years 2014 2014 2013 2013 2012 2012 2011 2011 2010 2010 2009 2009

Account Receivable Turnover 311.98 40.23 205.82 42.31 205.77 35.03 321.42 34.65 279.66 45.85 340.53 52.10

Account Receivable Turnover in Days 1.17 9.07 1.77 8.63 1.77 10.42 1.14 10.53 1.31 7.96 1.07 7.01

Days Sales Inventory 51.55 70.00 46.61 53.53 50.60 75.44 37.30 71.80 44.66 52.16 48.59 57.42

Inventory Turnover Times 7.82 6.14 7.80 6.03 7.65 5.40 8.25 6.34 8.85 7.24 15.02 6.18

Inventory Turnover in Days 46.70 59.49 46.77 60.57 47.69 67.54 44.26 57.57 41.23 50.39 24.30 59.01

Operating Cycle Days 47.87 68.57 48.54 69.19 49.47 77.96 45.40 68.11 42.54 58.35 25.37 66.02

Total Asset Turnover 1.85 2.69 1.67 3.21 1.84 3.11 2.23 3.46 2.48 3.92 4.43 3.39
Presented by Muhammad Hassan
Operating Asset turnover 2.29 2.77 2.32 3.34 2.73 3.25 3.03 3.67 3.06 4.25 5.07 3.70
80 Activity Ratios

67.54
70 Nestle 2014 Unilever2014 Nestle 2013 Unilever 2013

60.57
59.49

59.01
57.57
60

Nestle 2012 Unilever 2012 Nestle 2011 Unilever 2011

50.39
47.69
46.77
50

46.7

44.26

41.23
40 Nestle 2010 Unilever 2010 Nestle 2009 Unilever 2009

30

24.3
20
15.02
10.53
10.42
9.07

8.85
8.63

8.25
7.96

7.82

7.65

7.24
7.01

7.8

10
6.34

6.18
6.14

6.03

5.07
5.4

4.43

4.25
3.92

3.67
3.46

3.39

3.34

3.25
3.21

3.11

3.06
3.03

3.7
2.77

2.73
2.69

2.48

2.32
2.29
2.23
1.85

1.84
1.77

1.77

1.67
1.31
1.17

1.14

1.07

0 Presented by Muhammad Hassan

A/R TURNOVER IN DAYS INV. TURNOVER T. ASSETS TURNOVER OPRA. ASSET TURNOVER INV. TURNOVER IN DAYS
 Profitability Ratios
Nestle Unilever Nestle Unilever Nestle Unilever Nestle Unilever Nestle Unilever Nestle Unilever
Years 2014 2014 2013 2013 2012 2012 2011 2011 2010 2010 2009 2009
Gross profit
28.33% 43.15% 28.02% 41.78% 27.21% 38.06% 25.80% 38.96% 26.96% 37.98% 28.91% 37.15%
margin

Operating
13.11% 22.34% 11.63% 21.17% 12.20% 18.43% 11.41% 19.18% 11.73% 16.54% 10.90% 9.38%
profit margin

Net profit
13.11% 15.06% 11.63% 14.42% 12.20% 12.45% 11.41% 12.48% 11.73% 10.83% 10.90% 5.24%
margin
Return on
0.24 0.60 0.19 0.68 0.22 0.57 0.25 0.64 0.29 0.64 0.48 0.27
Assets
Return on
3.11 1.15 3.23 1.57 4.14 1.45 4.70 1.64 4.67 1.74 7.69 0.60
fixed assets

Return on
0.65 1.16 0.50 1.10 0.61 0.78 0.71 0.84 0.82 0.85 1.36 0.44
investment

Return on
0.65 1.90 0.50 1.92 0.61 1.34 0.71 1.38 0.82 1.30 1.36 0.62
total equity
Sales to fixed
2.29 5.15 2.32 7.41 2.73 7.88 3.03 8.86 3.06 10.65 5.07 7.73
assets

Return on
operating 0.30 0.62 0.27 0.71 0.33 0.60 0.35 0.68 0.36 0.69 0.55 0.29
assets

DuPont
return on
5.93 61.81 5.47 70.67 6.47 59.86 5.84 70.35 5.61 70.33 4.90 34.67
operating Presented by Muhammad Hassan
assets
 Profitablity Ratio
43.15%
Nestle 2014 Unilever2014 Nestle 2013
41.78%
Unilever 2013 Nestle 2012 Unilever 2012

38.96%
38.06%

37.98%

37.15%
Nestle 2011 Unilever 2011 Nestle 2010
Unilever 2010 Nestle 2009 Unilever 2009

28.91%
28.33%

28.02%

27.21%

26.96%
25.80%

22.34%

21.17%

19.18%
18.43%

16.54%

15.06%

14.42%
13.11%

13.11%

12.48%
12.45%
12.20%

12.20%

11.73%
11.73%
11.63%

11.63%
11.41%

11.41%
10.90%

10.90%
10.83%
9.38%

5.24%
Presented by Muhammad Hassan
GROSS PROFIT MARGIN OPERATING PROFIT MARGIN NET PROFIT MARGIN
 Profitablity Ratio

7.69
Nestle 2014 Unilever2014 Nestle 2013 Unilever 2013

Nestle 2012 Unilever 2012 Nestle 2011 Unilever 2011

Nestle 2010 Unilever 2010 Nestle 2009 Unilever 2009

4.67
4.7
4.14
3.23
3.11
1.92
1.9

1.74
1.64
1.57

1.45
1.38
1.36

1.36
1.34

1.3
1.16

1.15
1.1

0.85
0.84
0.82

0.82
0.78
0.71

0.71

0.71

0.69
0.68

0.68
0.65

0.65
0.64

0.64

0.62

0.62
0.61

0.61
0.57

0.55
0.6

0.6

0.6
0.48

0.44
0.5

0.5

0.36
0.35
0.33
0.29

0.29
0.27

0.27
0.25
0.24

0.22

0.3
0.19

Presented by Muhammad Hassan

RETURN ON ASSETS RETURN ON INVESTMENT RETURN ON TOTAL EQUITY RETURN ON OPERATING ASSETS RETURN ON FIXED ASSETS
 Debt Ratios
Nestle Unilever Nestle Unilever Nestle Unilever Nestle Unilever Nestle Unilever Nestle Unilever

Years 2014 2014 2013 2013 2012 2012 2011 2011 2010 2010 2009 2009

Debt
0.76 0.77 0.77 0.81 0.77 0.70 0.78 0.73 0.76 0.63 0.76 0.72
Ratio
Debt/eq
uity 3.10 3.42 3.41 4.17 3.40 2.37 3.62 2.62 3.11 1.69 3.20 2.63
ratio
Debt to
tangible
net 3.14 3.82 3.46 5.10 3.43 2.74 3.63 3.14 3.12 2.12 3.20 3.78
worth
ratio
Operatin
g cash
0.37 0.52 0.22 0.88 0.21 0.57 0.20 0.75 0.31 0.54 0.33 0.50
flow/tot
al debt

Times
interest 44.75 34.94 40.81 162.88 43.27 133.93 61.72 133.61 100.35 52.88 93.10 11.73
Presented by Muhammad Hassan
earned
 DEBT RATIO

Nestle 2014 Unilever2014 Nestle 2013 Unilever 2013

5.1
Nestle 2012 Unilever 2012 Nestle 2011 Unilever 2011
Nestle 2010 Unilever 2010 Nestle 2009 Unilever 2009

4.17

3.82

3.78
3.63
3.62

3.46

3.43
3.42
3.41

3.4

3.14

3.14
3.2

3.2
3.12
3.11
3.1

2.74
2.63
2.62
2.37

2.12
1.69
0.81

0.78
0.77
0.77

0.77
0.76

0.76

0.76
0.73

0.72
0.63
0.7

Presented by Muhammad Hassan

DE BT RAT I O DE BT/EQ UI T Y RAT I O DE BT TO TA N G I BLE N E T WO RT H RAT I O
 Investor Ratios
Nestle Unilever Nestle Unilever Nestle Unilever Nestle Unilever Nestle Unilever Nestle Unilever

Years 2014 2014 2013 2013 2012 2012 2011 2011 2010 2010 2009 2009

Earnings per share 174.85 190.46 129.37 162.97 129.32 118.53 102.94 100.15 90.69 71.04 66.27 28.71

Price/earnings ratio 39.74 46.62 34.82 57.07 21.11 36.28 21.15 17.08 12.25 15.55 12.04 45.28

Dividend payout 0.89 0.49 0.93 1.00 0.31 0.98 0.53 1.00 0.72 1.00 0.98 1.18

Percentage of earning
0.11 0.51 0.07 0.00 0.69 0.02 0.47 0.00 0.28 0.00 0.02 (0.18)
retained

Dividend yield 0.02 0.01 0.03 0.02 0.01 0.03 0.03 0.06 0.06 0.06 0.00 0.03

Book value per share 278.45 127.22 261.50 73.03 254.91 96.75 167.86 79.82 123.08 65.67 97.62 43.63

Operating cash flow per share 322.52 228.20 199.28 268.29 182.04 131.03 120.93 156.58 120.15 59.80 101.61 57.06

Degree of financial leverage 1.20 1.03 1.26 1.01 1.23 1.01 1.16 1.01 1.09 1.02 1.11 1.09

Operating cash flow/cash

2.08 2.43 1.66 1.65 by Muhammad
Presented 4.56 1.13
Hassan 2.20 1.57 1.85 0.84 1.56 1.68
dividend
 INVESTOR RATIO

Nestle 2014 Unilever2014 Nestle 2013 Unilever 2013 Nestle 2012 Unilever 2012

322.52
Nestle 2011 Unilever 2011 Nestle 2010 Unilever 2010 Nestle 2009 Unilever 2009

278.45

268.29
261.5

254.91

228.2
199.28
190.46

182.04
174.85

167.86
162.97

156.58
131.03
129.37

129.32

127.22

123.08

120.93

120.15
118.53
102.94

101.61
100.15

97.62
96.75
90.69

79.82
73.03
71.04
66.27

65.67
57.07

57.06
59.8
46.62

45.28

43.63
39.74

36.28
34.82
28.71

21.15
21.11

17.08

15.55
12.25

12.04

Presented by Muhammad Hassan

EA RN I N G S PE R SHA RE PRI CE /EA RNI NG S RAT I O BO O K VA LUE PE R SHA RE O PE RAT I N G C A SH F LOW PE R SHA RE
 Investor Ratio
Nestle 2014 Unilever2014 Nestle 2013 Unilever 2013 Nestle 2012 Unilever 2012
Nestle 2011 Unilever 2011 Nestle 2010 Unilever 2010 Nestle 2009 Unilever 2009

1.26

1.23
1.18

1.2

1.16

1.11
1.09

1.09
1.03

1.02
1.01

1.01

1.01
0.98
0.98
0.93
1

1
0.89

0.72

0.69
0.53

0.51
0.49

0.47
0.31

0.28
0.11

0.07

0.06
0.06
0.06
0.03

0.03
0.03

0.03
0.02

0.02

0.02

0.02
0.01

0.01
0

0
DIVIDEND PAYOUT PERCENTAGE OF EARNING DIVIDEND YIELD DEGREE OF FINANCIAL LEVERAGE
RETAINED
-0.18

Presented by Muhammad Hassan

 CONCLUSION

Presented by Muhammad Hassan

Presented by Muhammad Hassan