Imperial Brands
Market Cap
UK£15.3b
Last Updated
2021/01/18 02:21 UTC
Data Sources
Company Financials +
Executive Summary
Imperial Brands PLC, together with its subsidiaries, manufactures, imports, markets, and sells tobacco and tobacco-related products. More Details
Rewards
Risk Analysis
Snowflake Analysis
Solid track record established dividend payer.
Similar Companies
Share Price & News
How has Imperial Brands's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: IMB is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: IMB's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
1.5%
IMB
0.006%
GB Tobacco
-0.7%
GB Market
1 Year Return
-19.8%
IMB
-18.3%
GB Tobacco
-8.5%
GB Market
Return vs Industry: IMB matched the UK Tobacco industry which returned -19.2% over the past year.
Return vs Market: IMB underperformed the UK Market which returned -8.7% over the past year.
Shareholder returns
| IMB | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.5% | 0.006% | -0.7% |
| 30 Day | 3.9% | 0.6% | 3.8% |
| 90 Day | 25.6% | 9.4% | 14.6% |
| 1 Year | -11.2%-19.8% | -11.4%-18.3% | -4.7%-8.5% |
| 3 Year | -28.2%-45.1% | -30.7%-44.1% | 3.9%-8.8% |
| 5 Year | -34.8%-54.4% | -8.2%-32.2% | 47.6%14.1% |
Long-Term Price Volatility Vs. Market
How volatile is Imperial Brands's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 days ago | Simply Wall St
Imperial Brands (LON:IMB) Seems To Use Debt Quite Sensibly2 weeks ago | Simply Wall St
Key Things To Consider Before Buying Imperial Brands PLC (LON:IMB) For Its DividendValuation
Is Imperial Brands undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: IMB (£16.35) is trading below our estimate of fair value (£90.89)
Significantly Below Fair Value: IMB is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: IMB's PE Ratio (10.3x) is in line with the XE Tobacco industry average.
PE vs Market: IMB is good value based on its PE Ratio (10.3x) compared to the UK market (22.6x).
Price to Earnings Growth Ratio
PEG Ratio: IMB is poor value based on its PEG Ratio (1.2x)
Price to Book Ratio
PB vs Industry: IMB is overvalued based on its PB Ratio (3.1x) compared to the XE Tobacco industry average (1.3x).
Next Steps
Future Growth
How is Imperial Brands forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?
8.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: IMB's forecast earnings growth (8.8% per year) is above the savings rate (1%).
Earnings vs Market: IMB's earnings (8.8% per year) are forecast to grow slower than the UK market (26% per year).
High Growth Earnings: IMB's earnings are forecast to grow, but not significantly.
Revenue vs Market: IMB's revenue is expected to decline over the next 3 years (-17% per year).
High Growth Revenue: IMB's revenue is forecast to decline over the next 3 years (-17% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: IMB's Return on Equity is forecast to be high in 3 years time (39%)
Next Steps
Past Performance
How has Imperial Brands performed over the past 5 years?
0.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IMB has high quality earnings.
Growing Profit Margin: IMB's current net profit margins (9%) are higher than last year (6.2%).
Past Earnings Growth Analysis
Earnings Trend: IMB's earnings have grown by 0.7% per year over the past 5 years.
Accelerating Growth: IMB's earnings growth over the past year (48.1%) exceeds its 5-year average (0.7% per year).
Earnings vs Industry: IMB earnings growth over the past year (48.1%) exceeded the Tobacco industry 9.1%.
Return on Equity
High ROE: Whilst IMB's Return on Equity (28.23%) is high, this metric is skewed due to their high level of debt.
Next Steps
Financial Health
How is Imperial Brands's financial position?
Financial Position Analysis
Short Term Liabilities: IMB's short term assets (£9.7B) do not cover its short term liabilities (£12.3B).
Long Term Liabilities: IMB's short term assets (£9.7B) do not cover its long term liabilities (£14.5B).
Debt to Equity History and Analysis
Debt Level: IMB's debt to equity ratio (211.7%) is considered high.
Reducing Debt: IMB's debt to equity ratio has reduced from 250.2% to 211.7% over the past 5 years.
Debt Coverage: IMB's debt is well covered by operating cash flow (34.5%).
Interest Coverage: IMB earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is Imperial Brands's current dividend yield, its reliability and sustainability?
8.43%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: IMB's dividend (8.43%) is higher than the bottom 25% of dividend payers in the UK market (1.55%).
High Dividend: IMB's dividend (8.43%) is in the top 25% of dividend payers in the UK market (4.55%)
Stability and Growth of Payments
Stable Dividend: IMB's dividend payments have been volatile in the past 10 years.
Growing Dividend: IMB's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (87%), IMB's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: IMB's dividends in 3 years are forecast to be covered by earnings (55.9% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
7.2yrs
Average management tenure
CEO
Stefan Bomhard (52 yo)
0.50
Tenure
UK£1,104,000
Compensation
Mr. Stefan Bomhard serves as the Chief Executive Officer and Director of Imperial Brands PLC since July 01, 2020. He was a Director of Inchcape plc since May 21, 2015 and served as Group Chief Executive Of...
CEO Compensation Analysis
Compensation vs Market: Stefan's total compensation ($USD1.50M) is below average for companies of similar size in the UK market ($USD4.02M).
Compensation vs Earnings: Insufficient data to compare Stefan's compensation with company performance.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 0.50yr | UK£1.10m | no data | |
| CFO & Executive Director | 7.25yrs | UK£1.71m | 0.0080% £ 1.2m | |
| Investor Relations Director | no data | no data | no data | |
| Director of Corporate Communications | no data | no data | no data | |
| Head of Sales | no data | no data | no data | |
| Group Human Resources Director | 8.25yrs | no data | no data | |
| Head of Grocery and Key Accounts | 9.5yrs | no data | no data | |
| Group Head of Sustainability | 2.92yrs | no data | no data | |
| Chief People & Culture Officer | 0.25yr | no data | no data | |
| Group Treasurer | no data | no data | no data | |
| Company Secretary | 8.58yrs | no data | no data | |
| Group Media Relations Manager | no data | no data | no data |
7.2yrs
Average Tenure
Experienced Management: IMB's management team is seasoned and experienced (7.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 0.50yr | UK£1.10m | no data | |
| CFO & Executive Director | 7.25yrs | UK£1.71m | 0.0080% £ 1.2m | |
| Senior Independent Director | 1yr | UK£130.00k | 0.00061% £ 93.5k | |
| Independent Non-Executive Director | 4.92yrs | UK£104.00k | 0.0021% £ 314.2k | |
| Independent Non-Executive Chairman | 1yr | UK£512.00k | 0.0062% £ 948.7k | |
| Non-Executive Director | no data | no data | no data | |
| Independent Non-Executive Director | 3.58yrs | UK£88.00k | 0.0027% £ 412.3k | |
| Non-Executive Director | 0.17yr | no data | no data | |
| Independent Non-Executive Director | 1.67yrs | UK£96.00k | 0.00021% £ 32.2k | |
| Non-Executive Director | 0.50yr | UK£21.00k | no data |
1.0yrs
Average Tenure
57.5yo
Average Age
Experienced Board: IMB's board of directors are not considered experienced ( 1 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: IMB 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
Imperial Brands PLC's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Imperial Brands PLC
- Ticker: IMB
- Exchange: LSE
- Founded: 1901
- Industry: Tobacco
- Sector: Food, Beverage & Tobacco
- Market Cap: UK£15.326b
- Shares outstanding: 937.67m
- Website: https://www.imperialbrandsplc.com
Number of Employees
Location
- Imperial Brands PLC
- 121 Winterstoke Road
- Bristol
- BS3 2LL
- United Kingdom
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| IMBB.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Oct 1996 |
| IMB | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | GBP | Oct 1996 |
| ITB | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Oct 1996 |
| ITB | XTRA (XETRA Trading Platform) | Yes | Ordinary Shares | DE | EUR | Oct 1996 |
| IMBL | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | GBP | Oct 1996 |
| IMB N | BMV (Bolsa Mexicana de Valores) | Yes | Ordinary Shares | MX | MXN | Oct 1996 |
| IMB | SWX (SIX Swiss Exchange) | Yes | Ordinary Shares | CH | CHF | Oct 1996 |
| IMBB.Y | OTCPK (Pink Sheets LLC) | SPON ADR EACH REPR 1 ORD SH | US | USD | Oct 1996 | |
| ITBA | DB (Deutsche Boerse AG) | SPON ADR EACH REPR 1 ORD SH | DE | EUR | Oct 1996 |
Biography
Imperial Brands PLC, together with its subsidiaries, manufactures, imports, markets, and sells tobacco and tobacco-related products. It offers a range of cigarettes, fine cut and smokeless tobacco, papers,...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/18 02:21 |
| End of Day Share Price | 2021/01/15 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2020/09/30 |
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.