Company Valuation: IMI plc

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 4,519 3,335 4,352 4,643 6,101 7,196 - -
Change - -26.19% 30.49% 6.67% 31.41% 17.95% - -
Enterprise Value (EV) 1 5,139 4,147 4,991 5,191 6,634 7,747 7,520 7,245
Change - -19.29% 20.34% 4% 27.81% 16.78% -2.92% -3.67%
P/E 23.7x 14.8x 18.5x 19x 20.1x 23.4x 20.7x 18.9x
PBR 5.97x 3.69x 4.25x 4.34x 5.59x 7.46x 6.19x 5.18x
PEG - 0.8x 4.03x 3.94x 0.7x 4.95x 1.6x 1.93x
Capitalization / Revenue 2.42x 1.63x 1.98x 2.1x 2.65x 3.01x 2.91x 2.78x
EV / Revenue 2.75x 2.02x 2.27x 2.35x 2.88x 3.24x 3.04x 2.8x
EV / EBITDA 12.7x 9.08x 9.92x 9.86x 12.1x 13.5x 12.4x 11.3x
EV / EBIT 16.2x 11.4x 12.2x 11.9x 14.4x 16.2x 14.8x 13.3x
EV / FCF 24.3x 19.5x 17.6x 18.5x 20.9x 22.5x 22.8x 20.7x
FCF Yield 4.12% 5.12% 5.68% 5.4% 4.77% 4.45% 4.39% 4.82%
Dividend per Share 2 0.237 0.257 0.283 0.311 0.342 0.3669 0.4015 0.434
Rate of return 1.37% 2% 1.68% 1.71% 1.37% 1.21% 1.32% 1.43%
EPS 2 0.732 0.872 0.912 0.956 1.238 1.297 1.464 1.608
Distribution rate 32.4% 29.5% 31% 32.5% 27.6% 28.3% 27.4% 27%
Net sales 1 1,866 2,049 2,196 2,210 2,304 2,391 2,476 2,586
EBITDA 1 403.5 457 503.2 526.3 549.5 575 604.9 638.6
EBIT 1 318 363.8 410.6 435.5 460.1 478.2 507.5 544.5
Net income 1 196.3 226.3 237.3 248.5 309.9 308.8 338.5 362.4
Net Debt 1 619.9 812 638.6 547.7 532.8 551 324.6 48.9
Reference price 2 17.36 12.88 16.84 18.21 24.88 30.36 30.36 30.36
Nbr of stocks (in thousands) 260,311 258,957 258,455 254,960 245,217 237,018 - -
Announcement Date 25/2/22 3/3/23 1/3/24 28/2/25 6/3/26 - - -
1GBP in Million2GBP
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
30.41x5.2x18.93x0.86% 120B
25.93x4.74x16.62x2.32% 34.85B
20.34x1.74x12.52x2.31% 29.59B
28.78x3.86x14.57x0.12% 28.3B
19.53x3.34x10.67x1.56% 27.9B
20.88x3.03x13.07x1.12% 25.46B
23.3x2.85x12.28x1.62% 24.97B
93.86x35.38x77.15x0.4% 24.45B
25.52x3.21x15.69x1.77% 23.38B
Average 32.06x 7.04x 21.28x 1.34% 37.63B
Weighted average by Cap. 31.04x 6.29x 20.14x 1.24%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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