Imperial Brands
Financial ratios & Valuation

Forward Multiples (2025 – 2028)

2025202620272028
Price/Earnings ratio
12.1611.0410.229.29
Price/Sales ratio
N/AN/AN/AN/A
Earnings per Share (EPS)
$3.40$3.75$4.05$4.45

Historical Multiples (2015 – 2024)

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 TTM Median
Valuation Ratios
Price/Earnings ratio
19.2959.9521.8818.3617.348.655.2611.236.68N/A10.918.65
Price/Sales ratio
1.281.361.010.820.550.390.450.540.47N/A1.180.55
Price/Book Value ratio
6.127.125.424.353.542.652.782.572.58N/A4.173.54
Price/Cash Flow ratio
11.8711.9810.058.135.413.216.885.534.97N/A7.815.41
Price/Free Cash Flow ratio
-15.3812.9211.079.335.443.337.585.555.28N/A8.645.44
Price/Earnings Growth ratio
1.02-0.950.17-6.79-0.650.170.05-0.250.13N/A0.13-0.65
Dividend Yield
3.85%3.66%4.95%6.67%10.52%13.54%8.74%7.48%8.42%N/A5.99%13.54%
Profitability Indicator Ratios
Gross Profit Margin
20.44%21.55%21.24%21.13%19.75%18.97%18.38%18.54%20.56%20.91%35.57%19.75%
Operating Profit Margin
7.86%8.06%7.53%7.88%6.95%8.38%9.59%8.24%10.47%10.96%18.24%6.95%
Pretax Profit Margin
6.94%3.28%6.15%5.97%5.34%6.65%9.87%7.83%9.57%9.34%15.44%5.34%
Net Profit Margin
6.68%2.28%4.65%4.48%3.19%4.59%8.64%4.82%7.16%8.06%11.43%3.19%
Effective Tax Rate
1.87%26.24%22.24%21.72%36.03%28.07%10.22%34.73%21.05%9.31%21.61%28.07%
Return on Assets
5.61%1.92%4.54%4.43%2.99%4.62%9.74%5.07%7.89%9.39%7.47%2.99%
Return On Equity
31.74%11.88%24.78%23.70%20.45%30.69%52.95%22.88%38.66%48.01%41.83%20.45%
Return on Capital Employed
9.46%9.86%11.32%12.27%10.29%13.66%17.20%13.53%19.33%21.71%20.27%10.29%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0.71N/A
Quick Ratio
0.500.390.300.310.560.450.400.420.340.350.350.45
Cash ratio
0.220.120.050.060.180.130.110.160.110.090.090.13
Days of Sales Outstanding
32.0934.1031.4730.9933.4830.0631.4324.51-0.33N/AN/A30.06
Days of Inventory outstanding
51.5658.8955.2255.9758.7656.2452.2856.9963.9858.09127.1458.76
Operating Cycle
83.6693.0086.6986.9792.2486.3083.7281.5063.6458.09127.1492.24
Days of Payables Outstanding
17.9015.9219.0718.1625.5516.4713.8818.5121.3221.3446.7125.55
Cash Conversion Cycle
65.7577.0767.6168.8066.6969.8269.8362.9942.3236.7580.4266.69
Debt Ratios
Debt Ratio
0.470.420.400.380.400.360.330.320.310.310.310.36
Debt Equity Ratio
2.662.622.202.072.762.391.831.451.551.591.592.39
Long-term Debt to Capitalization
0.690.700.640.620.700.670.610.560.560.570.570.67
Total Debt to Capitalization
0.720.720.680.670.730.700.640.590.600.610.610.70
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A7.75N/A
Cash Flow to Debt Ratio
0.190.220.240.250.230.340.220.310.330.380.330.23
Company Equity Multiplier
5.656.165.455.346.836.635.434.514.895.115.116.63
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.100.110.100.100.100.120.060.090.090.100.150.10
Free Cash Flow / Operating Cash Flow Ratio
-0.770.920.900.870.990.960.900.990.940.980.850.96
Cash Flow Coverage Ratio
0.190.220.240.250.230.340.220.310.330.380.330.23
Short Term Coverage Ratio
1.402.041.301.281.672.791.953.152.082.772.431.67
Dividend Payout Ratio
74.45%219.65%108.44%122.51%182.57%117.25%46.04%84.07%56.35%49.71%62.74%117.25%