Financials Imperial Brands PLC

Equities

IMB

GB0004544929

Tobacco

Market Closed - London S.E. 16:35:09 12/07/2024 BST 5-day change 1st Jan Change
2,085 GBX +0.58% Intraday chart for Imperial Brands PLC +2.26% +15.42%

Valuation

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 17,241 12,852 14,614 17,381 14,797 17,656 - -
Enterprise Value (EV) 1 28,589 23,177 23,400 25,786 22,823 26,100 25,790 25,399
P/E ratio 17.3 x 8.65 x 5.21 x 11.3 x 6.65 x 8.39 x 7.69 x 6.93 x
Yield 11.3% 10.1% 8.92% 7.61% 8.81% 7.35% 7.7% 8.13%
Capitalization / Revenue 1.91 x 1.43 x 1.68 x 1.97 x 1.56 x 1.85 x 1.82 x 1.78 x
EV / Revenue 3.17 x 2.58 x 2.7 x 2.92 x 2.41 x 2.74 x 2.66 x 2.57 x
EV / EBITDA 5.64 x 5.6 x 6.09 x 6.55 x 5.49 x 6.24 x 5.98 x 5.72 x
EV / FCF 10.1 x 6.22 x 15.4 x 10.1 x 9.65 x 8.71 x 8.85 x 9.05 x
FCF Yield 9.89% 16.1% 6.51% 9.94% 10.4% 11.5% 11.3% 11%
Price to Book 3.53 x 2.65 x 2.75 x 2.56 x 2.55 x 2.98 x 2.93 x 2.85 x
Nbr of stocks (in thousands) 943,066 939,802 937,666 936,986 887,651 846,792 - -
Reference price 2 18.28 13.68 15.58 18.55 16.67 20.85 20.85 20.85
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: September 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 9,013 9,000 8,679 8,839 9,478 9,530 9,712 9,893
EBITDA 1 5,065 4,136 3,842 3,938 4,157 4,181 4,312 4,441
EBIT 1 3,749 3,527 3,573 3,694 3,887 3,962 4,112 4,234
Operating Margin 41.6% 39.19% 41.17% 41.79% 41.01% 41.57% 42.34% 42.8%
Earnings before Tax (EBT) 1 1,690 2,166 3,238 2,551 3,111 3,229 3,385 3,510
Net income 1 1,010 1,495 2,834 1,570 2,328 2,105 2,248 2,281
Net margin 11.21% 16.61% 32.65% 17.76% 24.56% 22.09% 23.14% 23.06%
EPS 2 1.058 1.581 2.991 1.647 2.508 2.485 2.712 3.008
Free Cash Flow 1 2,827 3,728 1,524 2,562 2,364 2,996 2,913 2,806
FCF margin 31.37% 41.42% 17.56% 28.99% 24.94% 31.43% 30% 28.36%
FCF Conversion (EBITDA) 55.81% 90.14% 39.67% 65.06% 56.87% 71.65% 67.56% 63.18%
FCF Conversion (Net income) 279.9% 249.36% 53.78% 163.18% 101.55% 142.31% 129.61% 123.02%
Dividend per Share 2 2.066 1.377 1.391 1.412 1.468 1.532 1.605 1.696
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 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 3,997 5,003 4,104 4,575 3,997 4,842 4,394 5,084 4,384 4,992 - -
EBITDA 1 - 2,289 1,750 2,092 1,725 2,213 - 2,300 1,812 2,429 - -
EBIT 1 1,469 2,058 1,589 1,984 1,600 2,094 - 2,171 1,669 2,297 - -
Operating Margin 36.75% 41.14% 38.72% 43.37% 40.03% 43.25% - 42.7% 38.07% 46.01% - -
Earnings before Tax (EBT) - 1,381 2,059 1,179 - 1,295 - - 1,144 - - -
Net income - - 1,806 1,028 - 575 - 1,234 846 - - -
Net margin - - 44.01% 22.47% - 11.88% - 24.27% 19.3% - - -
EPS - - 1.909 1.082 - 0.5990 - 1.347 0.9560 - - -
Dividend per Share 2 0.4170 0.9600 0.4210 0.9698 0.4254 0.9863 - 1.036 0.4490 1.070 - -
Announcement Date 19/05/20 17/11/20 18/05/21 16/11/21 17/05/22 15/11/22 16/05/23 14/11/23 15/05/24 - - -
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 8,444 8,134 7,744
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.24 x 2.496 x 2.287 x 2.134 x 1.931 x 2.02 x 1.886 x 1.744 x
Free Cash Flow 1 2,827 3,728 1,524 2,562 2,364 2,996 2,913 2,806
ROE (net income / shareholders' equity) 50.7% 30.5% 55.4% 41.1% 39.9% 41.6% 47.7% 57.2%
ROA (Net income/ Total Assets) 8.4% 4.57% 9.23% 8.36% 8.51% 7.43% 7.68% 7.98%
Assets 1 12,025 32,692 30,700 18,788 27,357 28,333 29,259 28,572
Book Value Per Share 2 5.180 5.160 5.660 7.250 6.530 6.990 7.120 7.320
Cash Flow per Share 2 3.390 4.260 2.290 3.340 3.370 3.560 3.740 3.710
Capex 1 409 302 200 230 325 313 317 323
Capex / Sales 4.54% 3.36% 2.3% 2.6% 3.43% 3.28% 3.26% 3.26%
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
13
Last Close Price
20.85 GBP
Average target price
24.1 GBP
Spread / Average Target
+15.61%
Consensus
  1. Stock Market
  2. Equities
  3. IMB Stock
  4. Financials Imperial Brands PLC