Company Valuation: Imperial Oil Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 31,604 38,525 40,445 45,877 58,918 85,132 - -
Change - 21.9% 4.98% 13.43% 28.42% 44.49% - -
Enterprise Value (EV) 1 34,627 38,931 43,713 48,909 61,773 86,446 86,959 86,807
Change - 12.43% 12.28% 11.89% 26.3% 39.94% 0.59% -0.17%
P/E 13.1x 5.76x 8.89x 9.81x 18.3x 10.1x 10.6x 12.9x
PBR 1.42x 1.72x 1.82x 1.92x 2.58x 3.51x 3.19x 3x
PEG - 0x -0.3x 1.54x -0.6x 0x -2.4x -0.7x
Capitalization / Revenue 0.84x 0.65x 0.79x 0.89x 1.25x 1.35x 1.33x 1.42x
EV / Revenue 0.92x 0.65x 0.86x 0.95x 1.31x 1.37x 1.36x 1.45x
EV / EBITDA 6.52x 3.48x 5.24x 5.92x 9.01x 6.59x 7.37x 8.71x
EV / EBIT 10.4x 4.2x 6.79x 7.79x 14.5x 7.52x 9.45x 11.4x
EV / FCF 7.99x 5.21x 9.4x 10.6x 15.3x 11.5x 10.4x 13.1x
FCF Yield 12.5% 19.2% 10.6% 9.42% 6.52% 8.72% 9.63% 7.61%
Dividend per Share 2 1.03 1.46 1.94 2.4 2.88 3.449 3.649 3.782
Rate of return 2.26% 2.21% 2.57% 2.71% 2.43% 1.91% 2.02% 2.1%
EPS 2 3.48 11.44 8.49 9.03 6.48 17.77 16.99 14.03
Distribution rate 29.6% 12.8% 22.9% 26.6% 44.4% 19.4% 21.5% 27%
Net sales 1 37,590 59,670 50,969 51,532 47,078 62,973 63,983 59,873
EBITDA 1 5,314 11,172 8,345 8,263 6,853 13,109 11,794 9,964
EBIT 1 3,337 9,275 6,438 6,280 4,274 11,491 9,198 7,600
Net income 1 2,479 7,340 4,889 4,790 3,268 8,712 7,355 5,581
Net Debt 1 3,023 406 3,268 3,032 2,855 1,314 1,827 1,675
Reference price 2 45.62 65.95 75.48 88.59 118.58 180.36 180.36 180.36
Nbr of stocks (in thousands) 692,765 584,153 535,837 517,861 496,861 472,012 - -
Announcement Date 2/1/22 1/31/23 2/2/24 1/31/25 1/30/26 - - -
1CAD in Million2CAD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
10.15x1.37x6.59x1.91% 59.78B
12.9x1.6x6.78x2.5% 680B
18.9x1.58x9.4x0.49% 193B
5.92x0.56x2.35x4.53% 116B
6.25x0.71x4.08x1.02% 110B
6.23x0.61x3.86x1.32% 101B
7.58x0.63x5.26x1.97% 101B
10.3x0.4x6.02x6.94% 96.39B
7.88x1.64x4.02x2.51% 79.39B
17.96x0.74x9.3x1.22% 53.08B
Average 10.41x 0.98x 5.77x 2.44% 159B
Weighted average by Cap. 11.55x 1.23x 6.20x 2.4%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Imperial Oil Limited

Historical PBR trend

Valuation ratios - PBR - Imperial Oil Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Imperial Oil Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Imperial Oil Limited


Year-on-year evolution of the Yield

Valuation ratios - Yield - Imperial Oil Limited
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