IMI PLC |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,877 GBX | -0.27% |
|
-0.21% | +11.46% |
| May. 14 | Barclays Affirms IMI's Overweight Rating, Lifts PT | MT |
| May. 14 | DB and Berenberg raise Diploma price target | AN |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,193 | 3,155 | 4,519 | 3,335 | 4,352 | 4,887 | - | - |
| Enterprise Value (EV) 1 | 3,621 | 3,458 | 5,139 | 4,147 | 4,352 | 5,320 | 5,089 | 4,845 |
| P/E ratio | 20.5 x | 18.6 x | 23.7 x | 14.8 x | 18.5 x | 18.7 x | 15.5 x | 14.5 x |
| Yield | 3.49% | 1.93% | 1.37% | 2% | - | 1.62% | 1.75% | 1.87% |
| Capitalization / Revenue | 1.7 x | 1.73 x | 2.42 x | 1.63 x | 1.98 x | 2.17 x | 2.06 x | 1.98 x |
| EV / Revenue | 1.93 x | 1.89 x | 2.75 x | 2.02 x | 1.98 x | 2.36 x | 2.15 x | 1.96 x |
| EV / EBITDA | 10.1 x | 9.11 x | 12.7 x | 9.08 x | 8.65 x | 9.97 x | 8.85 x | 7.97 x |
| EV / FCF | 14.5 x | 12.4 x | 24.3 x | 19.5 x | - | 18 x | 15.1 x | 13.5 x |
| FCF Yield | 6.88% | 8.05% | 4.12% | 5.12% | - | 5.55% | 6.63% | 7.39% |
| Price to Book | 4.5 x | 3.95 x | 5.97 x | 3.69 x | - | 3.97 x | 3.32 x | 2.8 x |
| Nbr of stocks (in thousands) | 270,831 | 270,855 | 260,311 | 258,957 | 258,455 | 260,344 | - | - |
| Reference price 2 | 11.79 | 11.65 | 17.36 | 12.88 | 16.84 | 18.77 | 18.77 | 18.77 |
| Announcement Date | 2/28/20 | 2/26/21 | 2/25/22 | 3/3/23 | 3/1/24 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,873 | 1,825 | 1,866 | 2,049 | 2,196 | 2,256 | 2,367 | 2,473 |
| EBITDA 1 | 357 | 379.5 | 403.5 | 457 | 503.2 | 533.8 | 575 | 608 |
| EBIT 1 | 266 | 285 | 318 | 363.8 | 410.6 | 437.4 | 474.3 | 509.2 |
| Operating Margin | 14.2% | 15.62% | 17.04% | 17.76% | 18.7% | 19.39% | 20.04% | 20.59% |
| Earnings before Tax (EBT) 1 | 189.3 | 214 | 244.6 | 285.4 | 302.4 | 347.7 | 413.8 | 440.2 |
| Net income 1 | 156.1 | 170.2 | 196.3 | 226.3 | 237.3 | 260.8 | 313.3 | 330.3 |
| Net margin | 8.33% | 9.33% | 10.52% | 11.04% | 10.81% | 11.56% | 13.24% | 13.36% |
| EPS 2 | 0.5760 | 0.6270 | 0.7320 | 0.8720 | 0.9120 | 1.006 | 1.215 | 1.296 |
| Free Cash Flow 1 | 249 | 278.3 | 211.7 | 212.4 | - | 295.1 | 337.4 | 357.9 |
| FCF margin | 13.29% | 15.25% | 11.35% | 10.37% | - | 13.08% | 14.26% | 14.47% |
| FCF Conversion (EBITDA) | 69.75% | 73.33% | 52.47% | 46.48% | - | 55.29% | 58.69% | 58.86% |
| FCF Conversion (Net income) | 159.51% | 163.51% | 107.85% | 93.86% | - | 113.15% | 107.69% | 108.35% |
| Dividend per Share 2 | 0.4110 | 0.2250 | 0.2370 | 0.2570 | - | 0.3032 | 0.3278 | 0.3508 |
| Announcement Date | 2/28/20 | 2/26/21 | 2/25/22 | 3/3/23 | 3/1/24 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 963 | 867 | 958 | 907 | 959 | 972 | 1,077 | 1,084 | 1,112 | 1,080 | 1,178 |
| EBITDA | 193.3 | - | 212.6 | 185.5 | 218 | - | - | - | - | - | - |
| EBIT 1 | 148 | 121 | 164 | 142.1 | 175.9 | 159.8 | 204 | 193 | 217.8 | 197.6 | 240.5 |
| Operating Margin | 15.37% | 13.96% | 17.12% | 15.67% | 18.34% | 16.44% | 18.94% | 17.8% | 19.59% | 18.3% | 20.43% |
| Earnings before Tax (EBT) | 96.6 | - | 120.4 | 122.8 | 121.8 | - | - | - | - | - | - |
| Net income | 79.3 | - | - | - | 112 | - | - | - | - | - | - |
| Net margin | 8.23% | - | - | - | 11.68% | - | - | - | - | - | - |
| EPS | 0.2930 | - | 0.3540 | 0.3120 | 0.4200 | - | - | - | - | - | - |
| Dividend per Share 2 | 0.2620 | 0.0750 | 0.1500 | 0.0790 | 0.1580 | 0.0830 | 0.1740 | 0.0910 | - | 0.1000 | 0.2110 |
| Announcement Date | 2/28/20 | 7/24/20 | 2/26/21 | 7/30/21 | 2/25/22 | 7/29/22 | 3/3/23 | 7/28/23 | 3/1/24 | - | - |
1GBP in Million2GBP
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 428 | 302 | 620 | 812 | - | 433 | 203 | - |
| Net Cash position 1 | - | - | - | - | - | - | - | 41.9 |
| Leverage (Debt/EBITDA) | 1.199 x | 0.7966 x | 1.536 x | 1.777 x | - | 0.8115 x | 0.3528 x | - |
| Free Cash Flow 1 | 249 | 278 | 212 | 212 | - | 295 | 337 | 358 |
| ROE (net income / shareholders' equity) | 22.7% | 22.6% | 24.9% | 32.3% | - | 26.6% | 24.4% | 22.1% |
| ROA (Net income/ Total Assets) | 8.61% | 9% | - | 11.6% | - | 11.6% | 12.4% | 12.6% |
| Assets 1 | 1,813 | 1,891 | - | 1,948 | - | 2,253 | 2,536 | 2,622 |
| Book Value Per Share 2 | 2.620 | 2.950 | 2.910 | 3.490 | - | 4.720 | 5.660 | 6.700 |
| Cash Flow per Share 2 | 1.160 | 1.210 | 1.000 | 1.090 | - | 1.460 | 1.630 | 1.750 |
| Capex 1 | 65.8 | 50.7 | 57.5 | 71.3 | - | 76.4 | 74.6 | 76.7 |
| Capex / Sales | 3.51% | 2.78% | 3.08% | 3.48% | - | 3.39% | 3.15% | 3.1% |
| Announcement Date | 2/28/20 | 2/26/21 | 2/25/22 | 3/3/23 | 3/1/24 | - | - | - |
1GBP in Million2GBP
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
A-
Sell
Buy
Mean consensus
BUY
Number of Analysts
17
Last Close Price
18.77
GBP
Average target price
20.72
GBP
Spread / Average Target
+10.41%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +11.46% | 6.21B | |
| +13.94% | 85.98B | |
| +18.32% | 70.07B | |
| +19.80% | 37.38B | |
| +25.32% | 34.75B | |
| +10.85% | 27.97B | |
| +4.79% | 27.16B | |
| +4.77% | 26.77B | |
| +19.69% | 25.3B | |
| +15.10% | 25.19B |
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