Unilever (ULVR.L) enters the next three years with a defensive profile but elevated execution demands. The shares have lagged over 12 months, while valuation signals the market is already pricing an earnings recovery: trailing P/E is 24.02 versus a forward P/E of 17.21 and a 3.28% forward dividend yield. Revenue over the last twelve months is 59.77B with profit margin of 9.29% and operating margin of 18.85%, yet quarterly revenue and earnings contracted year over year. Balance-sheet leverage is high (total debt 32.02B; debt/equity 160.68%) and liquidity tight (current ratio 0.76), making cash generation crucial. With a 0.20 beta and sizeable free cash flow (5.47B), the stock should remain relatively stable, but sustained volume improvement, disciplined pricing, and brand investment will dictate whether a rerating toward peers is achievable.

Visa Inc. enters September 2025 with fundamentals that remain among the strongest in large-cap payments. Over the last 12 months, the stock outperformed the S&P 500, supported by double-digit revenue growth and industry-leading margins. Trailing-12-month revenue stands at $38.89B and net income at $20.06B, with operating cash flow of $23.48B. The shares closed at about $351.78 in late August, near a 50-day moving average of $347.93 and above the 200-day at $339.22, with beta of 0.94 suggesting below-market volatility. With a 0.67% forward dividend yield and a 22.36% payout ratio, Visa retains flexibility to invest while returning cash to shareholders. This three-year outlook assesses potential drivers, risks, and scenarios that could shape returns through 2028.

Hyundai Motor (005380.KS) enters the next three years with solid top-line momentum but mixed cash signals. Over the last twelve months, revenue reached 182,250B, supported by 7.3% year‑on‑year quarterly revenue growth, while profit margin stands at 6.30% and operating margin at 7.46% (ttm). Return on equity is 10.64%. Liquidity is tight (current ratio 0.77) amid 26,500B in cash against 155,370B in total debt and a negative operating cash flow of -5,930B (ttm), partly offset by 954.46B in levered free cash flow. The stock closed at ₩221,500 on 1 September 2025, within a 52‑week range of ₩175,800–₩259,000, leaving the 52‑week change at -10.57% and beta at 0.89. A forward dividend of ₩10,000 per share (4.55% yield; payout ratio 23.96%) anchors returns as investors weigh EV execution and macro policy risks.

XPeng Inc. enters its next three-year stretch with rapid top-line expansion, improving product mix, and a stronger software story, but profitability remains the key swing factor. Trailing-12-month revenue stands at 60.29B with quarterly revenue growth of 125.30% year over year, while margins are still negative (profit margin -7.10%; operating margin -5.30%). The stock has rebounded sharply over the past year (52-week change 151.14%), though volatility is high (beta 2.50) and recent trading has been choppy. Liquidity is supported by 34.95B in cash against 16.95B in total debt and a current ratio of 1.14. Headlines highlight a first hybrid launch, a major system upgrade, delivery acceleration to 103,181 and an expanded Volkswagen partnership on software—potential catalysts if execution holds. Against a competitive and policy-sensitive backdrop, XPeng’s ability to lift margins will likely define returns.