Imperial Brands Future Growth

Future criteria checks 1/6

Imperial Brands's revenue and earnings are forecast to decline at 16% and 4.8% per annum respectively. EPS is expected to grow by 6.6% per annum. Return on equity is forecast to be 81.5% in 3 years.

Key information

-4.8%

Earnings growth rate

6.6%

EPS growth rate

Tobacco earnings growth	19.6%
Revenue growth rate	-16.0%
Future return on equity	81.5%
Analyst coverage	Good
Last updated	10 Jan 2025

Recent future growth updates

Recent updates

Imperial Brands (LON:IMB) Will Pay A Dividend Of £0.5426

Jan 02

Imperial Brands' (LON:IMB) Dividend Will Be Increased To £0.5426

Oct 25

Imperial Brands (LON:IMB) Has Announced That It Will Be Increasing Its Dividend To £0.5426

Oct 11

Imperial Brands (LSE:IMB) Sees Strong Revenue Growth Amid Market Challenges and Strategic NGP Expansion

Sep 16

The Market Doesn't Like What It Sees From Imperial Brands PLC's (LON:IMB) Earnings Yet

Jan 26

Earnings and Revenue Growth Forecasts

LSE:IMB - Analysts future estimates and past financials data (GBP Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
9/30/2027	10,258	2,163	3,039	3,889	6
9/30/2026	10,030	2,118	2,918	3,782	7
9/30/2025	9,784	2,231	2,822	3,684	7
9/30/2024	18,486	2,613	2,936	3,307	N/A
6/30/2024	18,334	2,347	2,831	3,191	N/A
3/31/2024	18,182	2,080	2,726	3,074	N/A
12/31/2023	18,130	2,204	2,765	3,102	N/A
9/30/2023	18,077	2,328	2,804	3,129	N/A
6/30/2023	17,837	1,999	2,509	2,806	N/A
3/31/2023	17,596	1,669	2,213	2,482	N/A
12/31/2022	17,252	1,620	2,585	2,834	N/A
9/30/2022	16,907	1,570	2,956	3,186	N/A
6/30/2022	16,682	1,797	2,893	3,106	N/A
3/31/2022	16,457	2,023	2,830	3,026	N/A
12/31/2021	16,510	2,429	2,399	2,597	N/A
9/30/2021	16,562	2,834	1,967	2,167	N/A
6/30/2021	16,763	2,805	2,745	2,956	N/A
3/31/2021	16,963	2,776	3,522	3,744	N/A
12/31/2020	16,782	2,136	3,625	3,887	N/A
9/30/2020	16,600	1,495	3,728	4,030	N/A
6/30/2020	16,468	1,176	3,377	3,723	N/A
3/31/2020	16,336	856	3,025	3,415	N/A
12/31/2019	16,268	933	2,926	3,326	N/A
9/30/2019	16,200	1,010	2,827	3,236	N/A
6/30/2019	15,932	1,283	2,329	2,717	N/A
3/31/2019	15,663	1,556	1,830	2,198	N/A
12/31/2018	15,515	1,462	2,295	2,643	N/A
9/30/2018	15,366	1,368	2,760	3,087	N/A
6/30/2018	15,258	1,297	N/A	3,213	N/A
3/31/2018	15,149	1,225	N/A	3,339	N/A
12/31/2017	15,215	1,317	N/A	3,202	N/A
9/30/2017	15,280	1,409	N/A	3,065	N/A
6/30/2017	15,040	1,213	N/A	3,238	N/A
3/31/2017	14,800	1,016	N/A	3,410	N/A
12/31/2016	14,450	824	N/A	3,284	N/A
9/30/2016	14,099	631	N/A	3,157	N/A
6/30/2016	13,664	880	N/A	3,186	N/A
3/31/2016	13,228	1,128	N/A	3,215	N/A
12/31/2015	12,966	1,410	N/A	2,981	N/A
9/30/2015	12,704	1,691	N/A	2,747	N/A
6/30/2015	12,867	1,800	N/A	2,786	N/A
3/31/2015	13,030	1,909	N/A	2,825	N/A
12/31/2014	13,281	1,666	N/A	2,664	N/A
9/30/2014	13,532	1,422	N/A	2,502	N/A
6/30/2014	13,895	1,041	N/A	2,350	N/A
3/31/2014	14,257	660	N/A	2,198	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: IMB's earnings are forecast to decline over the next 3 years (-4.8% per year).

Earnings vs Market: IMB's earnings are forecast to decline over the next 3 years (-4.8% per year).

High Growth Earnings: IMB's earnings are forecast to decline over the next 3 years.

Revenue vs Market: IMB's revenue is expected to decline over the next 3 years (-16% per year).

High Growth Revenue: IMB's revenue is forecast to decline over the next 3 years (-16% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: IMB's Return on Equity is forecast to be very high in 3 years time (81.5%).

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/13 12:22
End of Day Share Price	2025/01/13 00:00
Earnings	2024/09/30
Annual Earnings	2024/09/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Imperial Brands PLC is covered by 38 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Anna Zyniewicz	AlphaValue
Simon Hales	Barclays
David Hayes	Barclays

Imperial Brands Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Price target increased by 8.0% to UK£27.83

Price target increased by 7.3% to UK£27.48

Price target increased by 7.3% to UK£24.80

Consensus EPS estimates increase by 13%

Price target increased to UK£21.58

Consensus forecasts updated

Recent updates

Imperial Brands (LON:IMB) Will Pay A Dividend Of £0.5426

Fourth quarter dividend of UK£0.54 announced

Price target increased by 8.0% to UK£27.83

Price target increased by 7.3% to UK£27.48

Upcoming dividend of UK£0.54 per share

New major risk - Revenue and earnings growth

Imperial Brands' (LON:IMB) Dividend Will Be Increased To £0.5426

Imperial Brands PLC, Annual General Meeting, Jan 29, 2025

Imperial Brands plc Announces That Diane De Saint Victor Steps Down as Non-Executive Director

Imperial Brands (LON:IMB) Has Announced That It Will Be Increasing Its Dividend To £0.5426

Dividend of UK£0.54 announced

Imperial Brands plc Announces Third Interim Dividend for the Fiscal Year 2024, Payable on December 31, 2024

Price target increased by 7.3% to UK£24.80

Imperial Brands (LSE:IMB) Sees Strong Revenue Growth Amid Market Challenges and Strategic NGP Expansion

Does Imperial Brands (LON:IMB) Have A Healthy Balance Sheet?

Imperial Brands PLC Appoints Priyali Kamath as President

Imperial Brands' (LON:IMB) Dividend Will Be £0.2245

Upcoming dividend of UK£0.22 per share

Imperial Brands' (LON:IMB) Dividend Will Be £0.2245

Imperial Brands (LON:IMB) Will Pay A Dividend Of £0.2245

Dividend of UK£0.22 announced

Imperial Brands (LON:IMB) Has A Somewhat Strained Balance Sheet

First half 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Dividend increased to UK£0.22

Imperial Brands PLC Approves Interim Dividend, Payable on 28 June 2024 and 30 September 2024 Respectively

New major risk - Revenue and earnings growth

Imperial Brands (LON:IMB) Is Experiencing Growth In Returns On Capital

CFO & Director recently sold UK£1.0m worth of stock

CEO & Director exercised options and sold UK£2.6m worth of stock

High number of new directors

Upcoming dividend of UK£0.52 per share at 7.9% yield

Imperial Brands (LON:IMB) Will Pay A Dividend Of £0.5182

The Market Doesn't Like What It Sees From Imperial Brands PLC's (LON:IMB) Earnings Yet

Imperial Brands PLC Announces Changes to Membership of Board Committees, Effective January 1, 2024

Imperial Brands PLC, Annual General Meeting, Jan 31, 2024

Imperial Brands PLC Proposes Final Dividend, Payable on 28 March 2024

Imperial Brands PLC (LSE:IMB) announces an Equity Buyback for £1,100 million worth of its shares.

Imperial Brands PLC to Report Fiscal Year 2023 Results on Nov 14, 2023

Upcoming dividend of UK£0.22 per share at 7.8% yield

Imperial Brands PLC (LSE:IMB) acquired US Nicotine Pouches Range from TJP Labs Inc. for $82.2 million.

Imperial Brands PLC (LSE:IMB) acquired US Nicotine Pouches Range from TJP Labs Inc. for $82.2 million.

CEO & Director exercised options and sold UK£724k worth of stock

Imperial Brands PLC to Report Q2, 2023 Results on May 16, 2023

First half 2023 earnings released: EPS: UK£117 (vs UK£1.05 in 1H 2022)

Imperial Brands plc Proposes Interim Dividend

Upcoming dividend of UK£0.49 per share at 7.0% yield

Imperial Brands plc Appoints Andrew Gilchrist as Non-Executive Director, with Effect from 1 March 2023

Imperial Brands PLC, Annual General Meeting, Feb 01, 2023

Consensus EPS estimates increase by 13%

High number of new directors

Upcoming dividend of UK£0.21 per share

CEO & Director exercised options and sold UK£218k worth of stock

Price target increased to UK£21.58

First half 2022 earnings: EPS exceeds analyst expectations

Imperial Brands plc Approves Interim Dividend, Payable on 30 June 2022 and 30 September 2022 in Two Payments, Respectively

Consensus forecasts updated

High number of new directors

Upcoming dividend of UK£0.48 per share

Imperial Brands PLC to Report Fiscal Year 2022 Results on Nov 15, 2022

Full year 2021 earnings: EPS exceeds analyst expectations

Full year 2021 earnings released: EPS UK£3.00 (vs UK£1.58 in FY 2020)

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

Discover growth companies

Company Analysis and Financial Data Status

Data Sources

Analysis Model and Snowflake