| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 3/6 |
| Past Performance | 5/6 |
| Financial Health | 5/6 |
| Dividends | 2/6 |
IMI Overview
IMI plc, a specialist engineering company, designs, manufactures, and services engineered products worldwide.
IMI Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | UK£17.16 |
| 52 Week High | UK£10.12 |
| 52 Week Low | UK£18.62 |
| Beta | 1.23 |
| 1 Month Change | -4.67% |
| 3 Month Change | -1.27% |
| 1 Year Change | 63.27% |
| 3 Year Change | 51.59% |
| 5 Year Change | 57.29% |
| Change since IPO | 567.33% |
Recent News & Updates
Shareholder Returns
| IMI | GB Machinery | GB Market | |
|---|---|---|---|
| 7D | -2.9% | -0.9% | 1.6% |
| 1Y | 63.3% | 41.6% | 21.7% |
Return vs Industry: IMI exceeded the UK Machinery industry which returned 47.7% over the past year.
Return vs Market: IMI exceeded the UK Market which returned 24.1% over the past year.
Price Volatility
| IMI volatility | |
|---|---|
| IMI Beta | 1.23 |
| Industry Beta | 0.96 |
| Market Beta | 1 |
Stable Share Price: IMI is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: IMI's weekly volatility (2%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1862 | 10,000 | Roy Twite | https://www.imiplc.com |
IMI plc, a specialist engineering company, designs, manufactures, and services engineered products worldwide. The company operates through three divisions: IMI Precision Engineering, IMI Critical Engineering, and IMI Hydronic Engineering. The IMI Precision Engineering division develops motion and fluid control technologies for industrial automation, commercial vehicle, life sciences, energy, and rail applications.
IMI Fundamentals Summary
| IMI fundamental statistics | |
|---|---|
| Market Cap | UK£4.56b |
| Earnings (TTM) | UK£180.90m |
| Revenue (TTM) | UK£1.87b |
25.2x
P/E Ratio2.4x
P/S RatioIs IMI overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| IMI income statement (TTM) | |
|---|---|
| Revenue | UK£1.87b |
| Cost of Revenue | UK£1.01b |
| Gross Profit | UK£851.20m |
| Expenses | UK£670.30m |
| Earnings | UK£180.90m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.68 |
| Gross Margin | 45.64% |
| Net Profit Margin | 9.70% |
| Debt/Equity Ratio | 47.3% |
How did IMI perform over the long term?
See historical performance and comparisonDividends
1.3%
Current Dividend Yield34%
Payout RatioValuation
Is IMI undervalued compared to its fair value and its price relative to the market?
25.18x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: IMI (£17.16) is trading above our estimate of fair value (£14.8)
Significantly Below Fair Value: IMI is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: IMI is good value based on its PE Ratio (25.2x) compared to the UK Machinery industry average (29x).
PE vs Market: IMI is poor value based on its PE Ratio (25.2x) compared to the UK market (23.4x).
Price to Earnings Growth Ratio
PEG Ratio: IMI is poor value based on its PEG Ratio (1.6x)
Price to Book Ratio
PB vs Industry: IMI is overvalued based on its PB Ratio (5.5x) compared to the GB Machinery industry average (2.3x).
Future Growth
How is IMI forecast to perform in the next 1 to 3 years based on estimates from 18 analysts?
15.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: IMI's forecast earnings growth (15.3% per year) is above the savings rate (0.9%).
Earnings vs Market: IMI's earnings (15.3% per year) are forecast to grow faster than the UK market (14.4% per year).
High Growth Earnings: IMI's earnings are forecast to grow, but not significantly.
Revenue vs Market: IMI's revenue (3.3% per year) is forecast to grow slower than the UK market (5.9% per year).
High Growth Revenue: IMI's revenue (3.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: IMI's Return on Equity is forecast to be high in 3 years time (26.6%)
Past Performance
How has IMI performed over the past 5 years?
6.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IMI has high quality earnings.
Growing Profit Margin: IMI's current net profit margins (9.7%) are higher than last year (8.4%).
Past Earnings Growth Analysis
Earnings Trend: IMI's earnings have grown by 6.4% per year over the past 5 years.
Accelerating Growth: IMI's earnings growth over the past year (18%) exceeds its 5-year average (6.4% per year).
Earnings vs Industry: IMI earnings growth over the past year (18%) underperformed the Machinery industry 18%.
Return on Equity
High ROE: IMI's Return on Equity (21.9%) is considered high.
Financial Health
How is IMI's financial position?
Financial Position Analysis
Short Term Liabilities: IMI's short term assets (£892.9M) exceed its short term liabilities (£560.5M).
Long Term Liabilities: IMI's short term assets (£892.9M) exceed its long term liabilities (£563.1M).
Debt to Equity History and Analysis
Debt Level: IMI's debt to equity ratio (47.3%) is considered high.
Reducing Debt: IMI's debt to equity ratio has reduced from 69.6% to 47.3% over the past 5 years.
Debt Coverage: IMI's debt is well covered by operating cash flow (83.6%).
Interest Coverage: IMI's interest payments on its debt are well covered by EBIT (25.3x coverage).
Balance Sheet
Dividend
What is IMI current dividend yield, its reliability and sustainability?
1.33%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: IMI's dividend (1.33%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (1.34%).
High Dividend: IMI's dividend (1.33%) is low compared to the top 25% of dividend payers in the UK market (3.93%).
Stability and Growth of Payments
Stable Dividend: IMI's dividend payments have been volatile in the past 10 years.
Growing Dividend: IMI's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (34.3%), IMI's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: IMI's dividends in 3 years are forecast to be well covered by earnings (33.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.1yrs
Average management tenure
CEO
Roy Twite (54 yo)
2.33yrs
Tenure
UK£2,455,000
Compensation
Mr. Roy M. Twite has been the Chief Executive Officer at IMI Plc since May 9, 2019 and its Executive Director since February 1, 2007 and served as its Interim Divisional Managing Director of IMI Precision...
CEO Compensation Analysis
Compensation vs Market: Roy's total compensation ($USD3.37M) is above average for companies of similar size in the UK market ($USD2.18M).
Compensation vs Earnings: Roy's compensation has increased by more than 20% in the past year.
Leadership Team
Experienced Management: IMI's management team is considered experienced (3.1 years average tenure).
Board Members
Experienced Board: IMI's board of directors are considered experienced (6 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
IMI plc's employee growth, exchange listings and data sources
Key Information
- Name: IMI plc
- Ticker: IMI
- Exchange: LSE
- Founded: 1862
- Industry: Industrial Machinery
- Sector: Capital Goods
- Market Cap: UK£4.555b
- Shares outstanding: 265.46m
- Website: https://www.imiplc.com
Number of Employees
Location
- IMI plc
- Lakeside
- Solihull Parkway
- Birmingham
- West Midlands
- B37 7XZ
- United Kingdom
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/09/27 21:15 |
| End of Day Share Price | 2021/09/27 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.