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IMI

IMILSE:IMI Stock Report

Market Cap

UK£4.6b

7D

-2.9%

1Y

63.3%

Updated

27 Sep, 2021

Data

Company Financials +
IMI fundamental analysis
Snowflake Score
Valuation1/6
Future Growth3/6
Past Performance5/6
Financial Health5/6
Dividends2/6

IMI Overview

IMI plc, a specialist engineering company, designs, manufactures, and services engineered products worldwide.

IMI Competitors

Price History & Performance

Summary of all time highs, changes and price drops for IMI
Historical stock prices
Current Share PriceUK£17.16
52 Week HighUK£10.12
52 Week LowUK£18.62
Beta1.23
1 Month Change-4.67%
3 Month Change-1.27%
1 Year Change63.27%
3 Year Change51.59%
5 Year Change57.29%
Change since IPO567.33%

Recent News & Updates

Shareholder Returns

IMIGB MachineryGB Market
7D-2.9%-0.9%1.6%
1Y63.3%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

Is IMI's price volatile compared to industry and market?
IMI volatility
IMI Beta1.23
Industry Beta0.96
Market Beta1

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

FoundedEmployeesCEOWebsite
186210,000Roy Twitehttps://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

How do IMI's earnings and revenue compare to its market cap?
IMI fundamental statistics
Market CapUK£4.56b
Earnings (TTM)UK£180.90m
Revenue (TTM)UK£1.87b

25.2x

P/E Ratio

2.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
IMI income statement (TTM)
RevenueUK£1.87b
Cost of RevenueUK£1.01b
Gross ProfitUK£851.20m
ExpensesUK£670.30m
EarningsUK£180.90m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.68
Gross Margin45.64%
Net Profit Margin9.70%
Debt/Equity Ratio47.3%

How did IMI perform over the long term?

See historical performance and comparison

Dividends

1.3%

Current Dividend Yield

34%

Payout Ratio

Valuation

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/27 21:15
End of Day Share Price2021/09/27 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.