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

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...

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.

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...

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 3 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 February 8, 2019, the closing price was GBp 2,537.50 and its potential was estimated at GBp 2,750.87.

MarketLine Department

Philip Morris International Inc. - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Philip Morris International Inc. Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Philip Morris International Inc. since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain i...

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.

Imperial Brands PLC - September 2018 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Imperial Brands PLC: Imperial Brands' disposal of up to 9.9% of its stake in Logista is credit positive

Partial disposal of Logista will help Imperial deleverage and shows management commitment to rebuild its balance sheet

Imperial Brands PLC: Update Following H1 2017/18 Results

Imperial is currently weakly positioned in the rating category but credit metrics will improve in the next 12-18 months.

Imperial Brands PLC - March 2018 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

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...

Philip Gorham

Morningstar | Imperial Appears Oversold Despite Heightened Regulatory Risk

Imperial Brands' market repeatable model has been the guiding hand behind its recent strategy, and we think the firm has executed well. Imperial's stated aim is high-quality market share growth through six pillars, which it describes as: simple market-focused portfolio, sustainable brand investments, always-on pricing strategy, core range everywhere all the time, tailor custom solutions, and honest accurate learning.In portfolio optimisation, the company has made great strides, reducing its total brand count by 32% by the end of fiscal 2017, and it targets a total reduction of 50% by 2020. Exe...

Philip Gorham

Imperial Appears Oversold Despite Heightened Regulatory Risk

We are encouraged by Imperial Brands' second half performance. The company pushed through very strong pricing in the second half, is accelerating next generation products, or NGP, sales, and again grew the dividend by 10% this year. Although we recently became slightly less bullish on margins for the tobacco group, we think Imperial's current market valuation undervalues its future cash flows and we are retaining our GBP 37 per share fair value estimate, and our wide moat rating. The big story o...

Imperial Brands PLC

Imperial Brands PLC

1 director bought

A director at Imperial Brands bought 10,000 shares at 2,321p and the significance rating of the trade was 72/100. 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 3 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 February 8, 2019, the closing price was GBp 2,537.50 and its potential was estimated at GBp 2,750.87.

Imperial Brands PLC

Imperial Brands PLC

Imperial Brands PLC

Imperial Brands PLC

MarketLine Department

Philip Morris International Inc. - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Philip Morris International Inc. Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Philip Morris International Inc. since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain i...

MarketLine Department

British American Tobacco p.l.c. - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's British American Tobacco p.l.c. Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by British American Tobacco p.l.c. since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain it...

MarketLine Department

Karelia Tobacco Company Inc SA - Strategy, SWOT and Corporate Finance Report

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 Plc in Tobacco (Saudi Arabia)

Imperial Brands aims to grow its volume share in tobacco in Saudi Arabia by strengthening its brands’ positioning. Euromonitor International Local Company Profiles are a concise set of briefings detailing the strategic direction taken by a company. Discover key contact details, the company background and their competitive positioning through this collection of snapshot company profiles. Product coverage: Cigarettes, Cigars, Cigarillos and Smoking Tobacco, Smokeless Tobacco and Vapour Products. Data coverage: market sizes (historic and forecasts), company shares, brand shares and distributi...

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.

ResearchPool Subscriptions

Get the most out of your insights

Get in touch