Skip to Content

Imperial Brands PLC ADR IMBBY

Rating as of

Morningstar’s Analysis

Valuation
Currency in USD
Is it the right time to buy or sell?
Find out with Morningstar Premium
Is it the right time to buy or sell?
Find out with Morningstar Premium

1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Imperial Brands' Preliminary Results Indicate Volume Stabilization Is Continuing

Analyst Note

| Philip Gorham, CFA, FRM |

Imperial Brands' preliminary financial results for fiscal 2021 indicated that the momentum achieved in the first half of the fiscal year continued in the second. The strategy to stabilize market share appears to be bearing fruit; this is in line with our thesis that with a more focused approach to investment, Imperial will be able to continue to generate strong cash flow in the medium and long term. Until more details are provided, we are retaining our GBX 2,900 fair value estimate, and we see a lot of potential upside to Imperial.

Read Full Analysis

Company Profile

Business Description

Imperial Brands is the world's fourth-largest international tobacco company (excluding China National Tobacco) with total fiscal 2020 volume of 239 billion cigarettes sold in more than 160 countries. The firm holds a leading global position in the fine-cut tobacco and hand-rolling paper categories. Recent acquisitions in the United States make Imperial the third-largest manufacturer in that market. Through its acquisition of Altadis, the firm has a logistics platform in Western Europe.

Contact
121 Winterstoke Road
Bristol, BS3 2LL, United Kingdom
T +44 1179636636
Sector Consumer Defensive
Industry Tobacco
Most Recent Earnings
Fiscal Year End Sep 30, 2021
Stock Type
Employees 32,500

Related