Projected Income Statement: Imperial Oil Limited

Forecast Balance Sheet: Imperial Oil Limited

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 3,472 4,413 3,023 406 3,268 3,205 2,864 2,946
Change - 27.1% -31.5% -86.57% 704.93% -1.93% -10.64% 2.86%
Announcement Date 1/31/20 2/2/21 2/1/22 1/31/23 2/2/24 1/31/25 - -
1CAD in Million
Estimates

Cash Flow Forecast: Imperial Oil Limited

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
CAPEX 1 1,814 874 1,140 1,526 1,785 1,867 1,999 1,971
Change - -51.82% 30.43% 33.86% 16.97% 4.59% 7.09% -1.38%
Free Cash Flow (FCF) 1 1,701 6 4,336 7,471 4,650 4,609 4,690 4,219
Change - -99.65% 72,166.67% 72.3% -37.76% -0.88% 6.85% -10.04%
Announcement Date 1/31/20 2/2/21 2/1/22 1/31/23 2/2/24 1/31/25 - -
1CAD in Million
Estimates

Forecast Financial Ratios: Imperial Oil Limited

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026

Profitability

        
EBITDA Margin (%) 10.95% 4.15% 14.14% 18.72% 16.37% 15.35% 13.38% 14.05%
EBIT Margin (%) 6.27% -10.47% 8.88% 15.54% 12.63% 11.63% 10.05% 9.92%
EBT Margin (%) 5.99% -10.76% 8.73% 15.89% 12.5% 12.11% 9.81% 9.46%
Net margin (%) 6.44% -8.29% 6.59% 12.3% 9.59% 9.3% 7.3% 6.85%
FCF margin (%) 4.98% 0.03% 11.53% 12.52% 9.12% 8.94% 7.75% 7.4%
FCF / Net Income (%) 77.32% -0.32% 174.91% 101.78% 95.11% 96.22% 106.16% 107.95%

Profitability

        
ROA 5.26% -2% 6.31% 17.41% 11.54% 11.15% 6.61% 11.44%
ROE 9.02% -3.51% 11.49% 33.25% 21.91% 20.5% 16.73% 17.33%

Financial Health

        
Leverage (Debt/EBITDA) 0.93x 4.75x 0.57x 0.04x 0.39x 0.39x 0.35x 0.37x
Debt / Free cash flow 2.04x 735.5x 0.7x 0.05x 0.7x 0.73x 0.61x 0.7x

Capital Intensity

        
CAPEX / Current Assets (%) 5.31% 3.9% 3.03% 2.56% 3.5% 3.62% 3.3% 3.46%
CAPEX / EBITDA (%) 48.54% 94.08% 21.45% 13.66% 21.39% 22.85% 24.69% 24.61%
CAPEX / FCF (%) 106.64% 14,566.67% 26.29% 20.43% 38.39% 40.51% 42.62% 46.72%

Items per share

        
Cash flow per share 1 4.595 1.197 7.169 14.02 11.17 12.21 12.99 12.8
Change - -73.95% 499.02% 95.63% -20.33% 9.23% 6.96% -1.47%
Dividend per Share 1 0.82 0.88 1.03 1.46 1.94 2.4 2.902 2.758
Change - 7.32% 17.05% 41.75% 32.88% 23.71% 21.95% -4.98%
Book Value Per Share 1 32.63 29.18 32.05 38.37 41.47 44.09 47.55 50.97
Change - -10.58% 9.84% 19.71% 8.09% 6.32% 7.84% 7.19%
EPS 1 2.88 -2.53 3.48 11.44 8.49 9.03 9.515 8.325
Change - -187.85% -237.55% 228.74% -25.79% 6.36% 8.75% -12.5%
Nbr of stocks (in thousands) 746,241 734,077 692,765 584,153 535,837 509,000 509,000 509,000
Announcement Date 1/31/20 2/2/21 2/1/22 1/31/23 2/2/24 1/31/25 - -
1CAD
Estimates
2024 2025 *
P/E ratio 9.81x 10.5x
PBR 2.26x 2.1x
EV / Sales 0.89x 0.89x
Yield 2.71% 2.91%
More valuation ratios * Estimated data

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Trading Rating
Investor Rating
ESG MSCI
A
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
18
Last Close Price
99.67CAD
Average target price
103.76CAD
Spread / Average Target
+4.11%
Consensus

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Equities
  3. IMO Stock
  4. Financials Imperial Oil Limited