Imperial Brands PLC

BRSE:IMB Stock Report

Market Cap: CHF 20.5b

Imperial Brands Valuation

Is IMB undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of IMB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: IMB (CHF23.2) is trading below our estimate of fair value (CHF69.59)

Significantly Below Fair Value: IMB is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for IMB?

Other financial metrics that can be useful for relative valuation.

IMB key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.6x
Enterprise Value/EBITDA7.9x
PEG Ratio16x

Price to Earnings Ratio vs Peers

How does IMB's PE Ratio compare to its peers?

The above table shows the PE ratio for IMB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average27.3x
LISN Chocoladefabriken Lindt & Sprüngli
37.4x6.4%CHF 25.8b
BARN Barry Callebaut
26.3x25.0%CHF 7.5b
EMMN Emmi
24.5x15.3%CHF 4.7b
NESN Nestlé
20.9x6.5%CHF 234.0b
IMB Imperial Brands
8.8x0.6%CHF 18.3b

Price-To-Earnings vs Peers: IMB is good value based on its Price-To-Earnings Ratio (8.8x) compared to the peer average (27.3x).

Price to Earnings Ratio vs Industry

How does IMB's PE Ratio compare vs other companies in the Global Tobacco Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a19.8%
 n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a19.8%
 n/an/an/a
No more companies

Price-To-Earnings vs Industry: IMB is good value based on its Price-To-Earnings Ratio (8.8x) compared to the Global Tobacco industry average (11.4x).

Price to Earnings Ratio vs Fair Ratio

What is IMB's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

IMB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.8x
Fair PE Ratio18x

Price-To-Earnings vs Fair Ratio: IMB is good value based on its Price-To-Earnings Ratio (8.8x) compared to the estimated Fair Price-To-Earnings Ratio (18x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst IMB forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 23.20
CHF 26.55
+14.4%
19.4%CHF 41.35CHF 21.25n/a12
Aug ’25CHF 23.20
CHF 26.55
+14.4%
19.4%CHF 41.35CHF 21.25n/a12
Jul ’25CHF 23.20
CHF 26.39
+13.7%
19.4%CHF 41.10CHF 21.12n/a12
Jun ’25CHF 23.20
CHF 27.31
+17.7%
20.2%CHF 41.69CHF 21.42n/a12
May ’25CHF 23.20
CHF 25.66
+10.6%
22.6%CHF 40.54CHF 19.26n/a12
Apr ’25CHF 23.20
CHF 25.91
+11.7%
21.5%CHF 40.68CHF 20.34n/a12
Mar ’25CHF 23.20
CHF 25.13
+8.3%
20.7%CHF 39.51CHF 19.76n/a13
Feb ’25CHF 23.20
CHF 25.13
+8.3%
20.7%CHF 39.51CHF 19.76n/a13
Jan ’25CHF 23.20
CHF 24.78
+6.8%
20.3%CHF 38.03CHF 17.93n/a15
Dec ’24CHF 23.20
CHF 25.64
+10.5%
19.4%CHF 38.92CHF 18.35n/a15
Nov ’24CHF 23.20
CHF 25.31
+9.1%
19.3%CHF 38.20CHF 18.01n/a15
Oct ’24CHF 23.20
CHF 26.06
+12.3%
18.0%CHF 38.95CHF 18.70n/a15
Sep ’24CHF 23.20
CHF 26.56
+14.5%
17.3%CHF 39.15CHF 18.79CHF 23.2016
Aug ’24CHF 23.20
CHF 26.56
+14.5%
17.3%CHF 39.15CHF 18.79CHF 23.2016
Jul ’24CHF 23.20
CHF 26.98
+16.3%
17.2%CHF 39.72CHF 19.07CHF 23.2016
Jun ’24CHF 23.20
CHF 27.60
+19.0%
14.4%CHF 39.65CHF 22.58CHF 23.2017
May ’24CHF 23.20
CHF 27.15
+17.0%
14.1%CHF 38.86CHF 22.13CHF 23.2017
Apr ’24CHF 23.20
CHF 27.40
+18.1%
14.1%CHF 39.33CHF 22.40CHF 23.2017
Mar ’24CHF 23.20
CHF 27.40
+18.1%
14.1%CHF 39.33CHF 22.40CHF 23.2017
Feb ’24CHF 23.20
CHF 27.43
+18.2%
14.1%CHF 39.36CHF 22.57CHF 23.2017
Jan ’24CHF 23.20
CHF 27.89
+20.2%
12.7%CHF 37.90CHF 23.06CHF 23.2017
Dec ’23CHF 23.20
CHF 27.91
+20.3%
12.8%CHF 37.86CHF 23.04CHF 23.2017
Nov ’23CHF 23.20
CHF 26.54
+14.4%
15.1%CHF 36.43CHF 18.37CHF 23.2018
Oct ’23CHF 23.20
CHF 24.79
+6.9%
15.8%CHF 34.23CHF 17.26CHF 23.2017
Sep ’23CHF 23.20
CHF 26.08
+12.4%
16.2%CHF 36.51CHF 18.41CHF 23.2017

Analyst Forecast: Target price is less than 20% higher than the current share price.

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