Financials Imperial Brands PLC

Equities

IMB

GB0004544929

Tobacco

Market Closed - London S.E. 16:35:08 26/04/2024 BST 5-day change 1st Jan Change
1,812 GBX -0.88% Intraday chart for Imperial Brands PLC +2.11% +0.28%

Valuation

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 17,241 12,852 14,614 17,381 14,797 15,483 - -
Enterprise Value (EV) 1 28,589 23,177 23,400 25,786 22,823 23,913 23,819 23,307
P/E ratio 17.3 x 8.65 x 5.21 x 11.3 x 6.65 x 7.24 x 6.6 x 6.24 x
Yield 11.3% 10.1% 8.92% 7.61% 8.81% 8.52% 8.97% 9.39%
Capitalization / Revenue 1.91 x 1.43 x 1.68 x 1.97 x 1.56 x 1.64 x 1.62 x 1.59 x
EV / Revenue 3.17 x 2.58 x 2.7 x 2.92 x 2.41 x 2.54 x 2.48 x 2.4 x
EV / EBITDA 5.64 x 5.6 x 6.09 x 6.55 x 5.49 x 5.7 x 5.49 x 5.22 x
EV / FCF 10.1 x 6.22 x 15.4 x 10.1 x 9.65 x 8.49 x 8.25 x 8.4 x
FCF Yield 9.89% 16.1% 6.51% 9.94% 10.4% 11.8% 12.1% 11.9%
Price to Book 3.53 x 2.65 x 2.75 x 2.56 x 2.55 x 2.57 x 2.47 x 2.35 x
Nbr of stocks (in thousands) 943,066 939,802 937,666 936,986 887,651 854,706 - -
Reference price 2 18.28 13.68 15.58 18.55 16.67 18.12 18.12 18.12
Announcement Date 05/11/19 17/11/20 16/11/21 15/11/22 14/11/23 - - -
1GBP in Million2GBP
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: Settembre 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 9,013 9,000 8,679 8,839 9,478 9,429 9,586 9,731
EBITDA 1 5,065 4,136 3,842 3,938 4,157 4,195 4,337 4,462
EBIT 1 3,749 3,527 3,573 3,694 3,887 3,944 4,108 4,219
Operating Margin 41.6% 39.19% 41.17% 41.79% 41.01% 41.83% 42.86% 43.35%
Earnings before Tax (EBT) 1 1,690 2,166 3,238 2,551 3,111 3,103 3,243 3,219
Net income 1 1,010 1,495 2,834 1,570 2,328 2,187 2,249 2,246
Net margin 11.21% 16.61% 32.65% 17.76% 24.56% 23.2% 23.46% 23.08%
EPS 2 1.058 1.581 2.991 1.647 2.508 2.501 2.744 2.904
Free Cash Flow 1 2,827 3,728 1,524 2,562 2,364 2,816 2,888 2,774
FCF margin 31.37% 41.42% 17.56% 28.99% 24.94% 29.87% 30.13% 28.51%
FCF Conversion (EBITDA) 55.81% 90.14% 39.67% 65.06% 56.87% 67.14% 66.59% 62.18%
FCF Conversion (Net income) 279.9% 249.36% 53.78% 163.18% 101.55% 128.77% 128.41% 123.51%
Dividend per Share 2 2.066 1.377 1.391 1.412 1.468 1.543 1.626 1.700
Announcement Date 05/11/19 17/11/20 16/11/21 15/11/22 14/11/23 - - -
1GBP in Million2GBP
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: September 2019 S2 2020 S1 2020 S2 2021 S1 2021 S2 2022 S1 2022 S2 2023 S1 2023 S2 2024 S1 2024 S2 2025 S1 2025 S2
Net sales 1 5,006 3,997 5,003 4,104 4,575 3,997 4,842 4,394 5,084 4,336 5,057 4,542 5,283
EBITDA 1 3,329 - 2,289 1,750 2,092 1,725 2,213 - 2,300 1,824 2,419 - -
EBIT 1 2,129 1,469 2,058 1,589 1,984 1,600 2,094 - 2,171 1,693 2,288 - -
Operating Margin 42.53% 36.75% 41.14% 38.72% 43.37% 40.03% 43.25% - 42.7% 39.04% 45.25% - -
Earnings before Tax (EBT) 1 - - 1,381 2,059 1,179 - 1,295 - - 1,338 1,845 1,436 1,951
Net income 1 - - - 1,806 1,028 - 575 - 1,234 951 1,312 1,021 1,387
Net margin - - - 44.01% 22.47% - 11.88% - 24.27% 21.93% 25.95% 22.48% 26.25%
EPS 2 0.3480 - - 1.909 1.082 - 0.5990 - 1.347 1.038 1.451 1.145 1.577
Dividend per Share 2 1.440 0.4170 0.9600 0.4210 0.9698 0.4254 0.9863 - 1.036 0.4300 1.090 - -
Announcement Date 05/11/19 19/05/20 17/11/20 18/05/21 16/11/21 17/05/22 15/11/22 16/05/23 14/11/23 - - - -
1GBP in Million2GBP
Estimates

Balance Sheet Analysis

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 11,348 10,325 8,786 8,405 8,026 8,430 8,336 7,824
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.24 x 2.496 x 2.287 x 2.134 x 1.931 x 2.01 x 1.922 x 1.754 x
Free Cash Flow 1 2,827 3,728 1,524 2,562 2,364 2,816 2,888 2,774
ROE (net income / shareholders' equity) 50.7% 30.5% 55.4% 41.1% 39.9% 41.3% 45.7% 52.5%
ROA (Net income/ Total Assets) 8.4% 4.57% 9.23% 8.36% 8.51% 7.95% 8.31% 8.37%
Assets 1 12,025 32,692 30,700 18,788 27,357 27,515 27,069 26,834
Book Value Per Share 2 5.180 5.160 5.660 7.250 6.530 7.040 7.330 7.720
Cash Flow per Share 2 3.390 4.260 2.290 3.340 3.370 3.520 3.720 3.470
Capex 1 409 302 200 230 325 343 346 350
Capex / Sales 4.54% 3.36% 2.3% 2.6% 3.43% 3.64% 3.61% 3.6%
Announcement Date 05/11/19 17/11/20 16/11/21 15/11/22 14/11/23 - - -
1GBP in Million2GBP
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
A-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
12
Last Close Price
18.12 GBP
Average target price
22.78 GBP
Spread / Average Target
+25.77%
Consensus
  1. Stock Market
  2. Equities
  3. IMB Stock
  4. Financials Imperial Brands PLC