Frontierby eninvs

Language: EN / RU

← Region

Imperial Brands (IMB) GBP

Sector: Tobacco

EU_IMB

Price chart

24.24 GBPDay -0.86%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
24.24 GBP · -0.86%
Market cap
18.2 bn GBP

Growth

Δ revenue y/y
0.8%
Δ EBITDA y/y
-36.5%

Multiples

P/E (LTM)
8.8x
P/B (FY)
3.8x
EV/EBITDA (LTM)
6.8x
EV/EBITDA (ann.)
15.8x

Cash return

Dividend yield
6.7%
FCF yield (LTM)
17.4%

Value creation

fundamental value/yr, % of market cap
Value created / year
-1.6%
↓ details

Liquidity

Daily turnover (listing)
35.6 mln GBP

Shares: connector/market_inputs

Amounts: USD (converted) · As reported
Converted modes use NBK / ECB-linked rates: balance sheet date for BS items, period average for P&L and cash flow (see filing row evidence). As reported keeps each row in its filing currency.

Financial results

Monetary columns are in B GBP, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueB GBPOperating profitB GBPD&AB GBPEBITDAB GBPNet profitB GBPOperating CFB GBPCapex + M&AB GBPAssetsB GBPEquityB GBPROE (annualized)Net debtB GBPSource
2026-03-31H1 2026 (6M)PARTIAL14.7
y/y 0.8%
0.9
y/y -36.5%
—
y/y —
0.9
y/y -36.5%
—
y/y —
———
y/y —
—
y/y —
—10.9Link
2025-09-30H2 2025 (6M)OK17.6
y/y —
2.0
y/y —
0.8
y/y 20.7%
2.8
y/y —
2.1
y/y -20.7%
3.6-0.528.7
y/y 3.2%
4.8
y/y -11.4%
—8.2Yahoo Finance
2025-03-31H1 2025 (6M)PARTIAL14.6
y/y —
1.5
y/y —
—
y/y —
1.5
y/y —
—
y/y —
———
y/y —
—
y/y —
—10.5Link
2024-09-30FY 2024 (12M)OK32.4
y/y -0.2%
3.6
y/y 4.4%
0.6
y/y 2.4%
4.2
y/y 4.1%
2.6
y/y 12.2%
3.3-0.427.8
y/y -5.6%
5.4
y/y -9.6%
45.6%7.6Yahoo Finance
2023-09-30FY 2023 (12M)OK32.5
y/y —
3.4
y/y —
0.6
y/y —
4.0
y/y —
2.3
y/y —
3.1-0.229.5
y/y —
6.0
y/y —
—8.0Yahoo Finance

Net debt structure (leases included, IFRS 16) 2026-03-31

Long-term debt (incl. LT leases)10 943
Net debt10 943

Net debt / LTM EBITDA: 2.9x

Revenue & EBITDA

RevenueEBITDA

Quarterly values (GBP mln)

010 00020 00030 0002023 FY2024 FY2025 q12025 q42026 q1

Year-over-year change

-40%-20%0%2023 FY2024 FY2025 q12025 q42026 q1

Cash flow

FCF (GBP mln)

01 0002 0003 0002023 FY2024 FY2025 q12025 q42026 q1

Net debt / cash (GBP mln)

02 5005 0007 50010 0002023 q32023 q42024 q32024 q42025 q12025 q32025 q42026 q1

Profit and cash

Worth a look
In a typical year of 2022–2025 operating cash flow came to 1.55x of reported net profit; after capex, 1.40x.
year2022202320242025
cash flow / profit2.03x1.34x1.27x1.75x
accruals, % of assets-5.2%-2.7%-2.5%-5.4%
Last twelve months (to 2025-09-30): 1.75x of profit came back as operating cash flow.
net debt / EBITDA 1.9x · capex 0.4x of depreciation
● Capex is 39% of depreciation - the asset base is being consumed faster than replaced.
Read from the reported annual statements: cash flow / profit is the median of the yearly operating cash flow over net profit for the years shown; accruals are (profit − operating cash flow) / assets, the classic gap between what was booked and what was collected. A gap can be growth in working capital, capitalised costs, revaluations or profit from associates — the panel points at it, the statements explain it. Not investment advice.

Fundamental value creation

Value the company creates per year, as a % of market cap

Value created per year: -1.6%

How this was calculated
1. EBITDA growth (latest quarter YoY, annualised)
[EBITDA latest qtr − EBITDA year-ago qtr] × annualisation X (2026-03-31 vs 2025-03-31)
= (925 − 1 456) × 4.04
-70
2. Current EV/EBITDA (LTM)
(Market cap + Net debt) ÷ EBITDA (LTM)
= (18 234 + 10 943) ÷ 3 739
7.8x
3. Target multiple
(Current EV/EBITDA + 10) ÷ 2
= (7.8 + 10) ÷ 2
8.9x
4. Cash flow (balance method, LTM)
Net-debt reduction + dividends + buybacks − equity issuance
= -472 + 0 + 809 − 0
337
5. Value created per year
(EBITDA growth × Target multiple + Cash flow − Dilution) ÷ Market cap
= (-70 × 8.9 + 337) ÷ 18 234
-1.6%

Amounts in millions of the reporting currency. EBITDA growth is the latest quarter vs the same quarter a year ago, annualised.

Caveats:

  • half-year basis (semi-annual reporter)
  • FCF (LTM) approximated by latest FY (ended 2025-09-30, before the latest reported period 2026-03-31)
  • EBITDA-growth term damped to the multi-year FY trend SIZE but kept the latest period direction (down) - the trend pointed the other way

Revenue growth & acceleration

Growth steady →
Last-year revenue growth -1% vs -0% the year before — a -0.5 pp move. 3-year CAGR -0%.
revenue growth by year: 2023 -0% · 2024 -0% · 2025 -1%
The growth-acceleration signal behind the GARP+acceleration strategy — it favours companies whose revenue growth is speeding up and flags those slowing down (the second derivative of growth).

Dividends

Paid (completed)

DatePer shareDetailsStatusSource
2026-08-2041.68 GBPEx-dividend: 41.68 GBP per sharePaidYahoo Finance (ex-div)
2026-05-2141.68 GBPEx-dividend: 41.68 GBP per sharePaidYahoo Finance (ex-div)
2026-02-1940.08 GBPEx-dividend: 40.08 GBP per sharePaidYahoo Finance (ex-div)
2025-11-2740.08 GBPEx-dividend: 40.08 GBP per sharePaidYahoo Finance (ex-div)
2025-08-2140.08 GBPEx-dividend: 40.08 GBP per sharePaidYahoo Finance (ex-div)
2025-05-2240.08 GBPEx-dividend: 40.08 GBP per sharePaidYahoo Finance (ex-div)
2025-02-2054.26 GBPEx-dividend: 54.26 GBP per sharePaidYahoo Finance (ex-div)
2024-11-2854.26 GBPEx-dividend: 54.26 GBP per sharePaidYahoo Finance (ex-div)
2024-08-2222.45 GBPEx-dividend: 22.45 GBP per sharePaidYahoo Finance (ex-div)
2024-05-2322.45 GBPEx-dividend: 22.45 GBP per sharePaidYahoo Finance (ex-div)
2024-02-1551.82 GBPEx-dividend: 51.82 GBP per sharePaidYahoo Finance (ex-div)
2023-11-2351.82 GBPEx-dividend: 51.82 GBP per sharePaidYahoo Finance (ex-div)
2023-08-1721.59 GBPEx-dividend: 21.59 GBP per sharePaidYahoo Finance (ex-div)
2023-05-2521.59 GBPEx-dividend: 21.59 GBP per sharePaidYahoo Finance (ex-div)
2023-02-1649.32 GBPEx-dividend: 49.32 GBP per sharePaidYahoo Finance (ex-div)
2022-11-2449.31 GBPEx-dividend: 49.31 GBP per sharePaidYahoo Finance (ex-div)
2022-08-1821.27 GBPEx-dividend: 21.27 GBP per sharePaidYahoo Finance (ex-div)
2022-05-2621.27 GBPEx-dividend: 21.27 GBP per sharePaidYahoo Finance (ex-div)
2022-02-1748.48 GBPEx-dividend: 48.48 GBP per sharePaidYahoo Finance (ex-div)
2021-11-2548.48 GBPEx-dividend: 48.48 GBP per sharePaidYahoo Finance (ex-div)

KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).

Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of Imperial Brands (IMB) — from primary filings.

Frequently asked questions

What is Imperial Brands (IMB)'s P/E ratio?
Imperial Brands (IMB) trades at a P/E of 8.8x (price to trailing 12-month earnings).
What is Imperial Brands (IMB)'s EV/EBITDA?
Imperial Brands (IMB) trades at 6.8x EV/EBITDA.
What is Imperial Brands (IMB)'s P/B ratio?
Imperial Brands (IMB) trades at a P/B of 3.8x.
What is Imperial Brands (IMB)'s dividend yield?
Imperial Brands (IMB)'s trailing 12-month dividend yield is 6.7%.
What is Imperial Brands (IMB)'s return on equity (ROE)?
Imperial Brands (IMB)'s ROE is 40.3%.
What is Imperial Brands (IMB)'s market capitalization?
Imperial Brands (IMB)'s market cap is 18.2 bn GBP.

See also: The Cheapest Stocks in the World (2026): What Value Investing Says About Buying Cheap · global valuation map