Imperial Brands

Imperial Brands is comprised of two distinct businesses: Tobacco and Logistics. The Tobacco business comprises the manufacture, marketing and sale of tobacco and tobacco-related products, including sales to (but not by) the Logistics business. The Logistics business comprises the distribution of tobacco products for tobacco product manufacturers, including Co., as well as a range of non-tobacco products and services.
  • TickerIMB
  • ISINGB0004544929
  • ExchangeLondon Stock Exchange
  • SectorTobacco
  • CountryUnited Kingdom

Analysts

Imperial Brands PLC: Scenario Analysis: Current financial policy should strengthen balance sheet

Our scenario analysis concludes that using asset disposal proceeds to pay down debt would strengthen credit quality, but risky investments or share buybacks would do the opposite.

Imperial Brands PLC: Investment in cannabis creates opportunities for market expansion, a credit positive

The investment creates opportunities for Imperial to expand in the cannabis market but will not meaningfully reduce the company’s reliance on its declining combustible business

IMPERIAL BRANDS PLC. sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of IMPERIAL BRANDS PLC. (GB), a company active in the Tobacco industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date July 19, 2019, the closing price was GBp 2,145.00 and its potential was estimated at GBp 2,277.34.

Imperial Brands PLC: Key Facts and Statistics - H1 Mar 2019

A summary company profile, detailing Imperial Brands PLC’s business operations and financial highlights.

1 director bought

A director at Imperial Brands bought 22,500 shares at 1,860p and the significance rating of the trade was 83/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board...

Imperial Brands PLC: Scenario Analysis: Current financial policy should strengthen balance sheet

Our scenario analysis concludes that using asset disposal proceeds to pay down debt would strengthen credit quality, but risky investments or share buybacks would do the opposite.

Imperial Brands PLC: Investment in cannabis creates opportunities for market expansion, a credit positive

The investment creates opportunities for Imperial to expand in the cannabis market but will not meaningfully reduce the company’s reliance on its declining combustible business

Imperial Brands PLC: Key Facts and Statistics - H1 Mar 2019

A summary company profile, detailing Imperial Brands PLC’s business operations and financial highlights.

Imperial Brands PLC - March 2019 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Imperial Brands PLC: Update to credit analysis

Our credit view of Imperial Brands, reflecting its stable cash flow generation, high profitability and still-somewhat-weak key debt metrics.

Jonathan Leinster

Company initiation at a critical time

The share price of Imperial Brands has almost halved over the last 2 years. This has been driven by increased uncertainty about its future prospects, caused by a series of changes and potential changes to the market. This report: looks at the background and explains the proposals put forward by the Food & Drug Administration (FDA) in the US; looks at Imperial's entry into harm reduced products in the context of its major rivals and the impact of the growth of the vaping market on the US cigarette market in its historic context. The question is: are the potential risks being over discounted?...

Philip Gorham

Morningstar | Investors Maul Imperial Over NGP Revenue Miss; Sentiment Low but Material Value Exists

Investors reacted negatively to Imperial Brands' results for the first half of fiscal 2019, but we think the gap down is an overreaction and an indication of how the market is punishing every piece of bad news in the out-of-favor tobacco sector at present. Results were broadly in line with expectations, and we assume the market is concerned with the NGP revenue miss which implies that full year guidance of 1%-4% constant currency revenue growth is now unlikely to be attained at the high end of that range. This is immaterial to the intrinsic value of the stock, however, and we are reiterating o...

Philip Gorham

Investors Maul Imperial Over NGP Revenue Miss; Sentiment Low but Material Value Exists

Investors reacted negatively to Imperial Brands' results for the first half of fiscal 2019, but we think the gap down is an overreaction and an indication of how the market is punishing every piece of bad news in the out-of-favor tobacco sector at present. Results were broadly in line with expectations, and we assume the market is concerned with the NGP revenue miss which implies that full year guidance of 1%-4% constant currency revenue growth is now unlikely to be attained at the high end of t...

Philip Gorham

FDA Signals Anti-Initiation Strategy Will Be Sustained Under New Commissioner

The FDA announced tighter measures against what it describes as "epidemic" levels of youth consumption of e-cigarettes, a move we think signals the FDA will continue to pursue anti-initiation policies despite the resignation of commissioner Scott Gottlieb. We are reiterating our fair value estimates for the tobacco manufacturers as the measures, while significant in terms of signalling the FDA’s stance, will not have much direct impact on tobacco manufacturers’ cash flows. The FDA’s proposals in...

Philip Gorham

Morningstar | FDA Signals Anti-Initiation Strategy Will Be Sustained Under New Commissioner

The FDA announced tighter measures against what it describes as "epidemic" levels of youth consumption of e-cigarettes, a move we think signals the FDA will continue to pursue anti-initiation policies despite the resignation of commissioner Scott Gottlieb. We are reiterating our fair value estimates for the tobacco manufacturers as the measures, while significant in terms of signalling the FDA’s stance, will not have much direct impact on tobacco manufacturers’ cash flows. The FDA’s proposals include a ban on flavoured cigars, moving forward the application deadline for flavoured e-cigarettes...

1 director bought

A director at Imperial Brands bought 22,500 shares at 1,860p and the significance rating of the trade was 83/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board...

IMPERIAL BRANDS PLC. sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of IMPERIAL BRANDS PLC. (GB), a company active in the Tobacco industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date July 19, 2019, the closing price was GBp 2,145.00 and its potential was estimated at GBp 2,277.34.

Imperial Brands PLC

Imperial Brands PLC

Imperial Brands PLC

Imperial Brands PLC

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Karelia Tobacco Company Inc SA - Strategy, SWOT and Corporate Finance Report Summary Karelia Tobacco Company Inc SA - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Karelia Tobacco Company Inc SA (Karelia) manufactures, exports and markets cigarettes, cigars, hand rolling tobacco and other tobacco products. Major brand names of the company include George Karelia...

Imperial Brands – Proxinvest Corporate Governance Rating ® : B

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Expert Corporate Governance Service (ECGS)

Imperial Brands - February 06th, 2019

Item 2: Approve the Remuneration Report.   Although the structure is generally satisfactory, there are concerns over incentive pay plans.  The maximum bonus exceeds guidelines and accelerated vesting is possible. Actual variable remuneration is excessive, especially given the significant overlap in performance conditions.  Item 14: Re-appoint the Auditors. The auditor's tenure exceeds our tenure limit of 10 years.  PricewaterhouseCoopers (PwC) has been the external auditor since 1996 and an audit tender has not been carried out since.  In addition, they advised the Company on executive re...

Matthieu DRIOL

Analyse court terme - IMPERIAL BRANDS PLC : La tendance est haussière.

La tendance est haussière. La progression des cours se poursuit. Les objectifs sont à 2 732,50 p puis 2 979,73 p. La rupture de 2 252,68 p mettrait la tendance en danger.

Matthieu DRIOL

Short term view - IMPERIAL BRANDS PLC : The trend is bullish.

The trend is bullish. Prices are making further progress. The targets are at 2,732.50 p and then 2,979.73 p. The break of 2,252.68 p would endanger the trend.

Matthieu DRIOL

Analyse court terme - IMPERIAL BRANDS PLC : La progression des cours se poursuit.

La tendance est haussière. La progression des cours se poursuit. Les objectifs sont à 2 732,50 p puis 2 979,73 p. La rupture de 2 252,68 p mettrait la tendance en danger.

Matthieu DRIOL

Short term view - IMPERIAL BRANDS PLC : Prices are making further progress.

The trend is bullish. Prices are making further progress. The targets are at 2,732.50 p and then 2,979.73 p. The break of 2,252.68 p would endanger the trend.

Jérôme VINERIER

Analyse moyen terme - IMPERIAL BRANDS PLC : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Le mouvement se poursuit. Le prochain objectif est à 2 519,10 p, puis 2 246,68 p. Le franchissement de 3 064,92 p remettrait en cause la suite de la baisse.

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