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Imperial Brands PLC

IMB.LConsumer DefensiveLSE

Tobacco · Last scanned May 30, 2026

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Financials · Annual
Revenue
$32.17B
-0.7% YoY
Net Income
$2.07B
-20.7% YoY
EBITDA
$4.37B
+5.5% YoY
Free Cash Flow
$2.50B

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About Imperial Brands PLC

Imperial Brands PLC, together with its subsidiaries, manufactures, imports, markets, and sells tobacco and tobacco-related products in Europe, the Americas, Africa, the Asia, Australasia, and. Valued at $20.81B, IMB.L is a large-cap name in its sector. It offers a range of cigarettes, tobacco accessories, vapour, heated tobacco, and oral nicotine.

Key stats
Market Cap$20.81B
P/E (TTM)12.66
Fwd P/E7.35
EPS$2.13
Beta0.17
52W Change-2.7%
Dividend Yield6.02%
ROE37.1%
Analysis

On the balance sheet, IMB.L has $497.0M in cash with $11.23B in obligations. The ability to service this debt comfortably depends on continued operational cash generation. The company generates $2.50B in free cash flow annually, which funds everything from R&D to shareholder returns without needing external financing. ROE of 37.1% points to exceptionally high capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. An ROA of 7.8% suggests reasonable efficiency in deploying the company's asset base. Revenue has been relatively flat, moving from $32.55B (2022) to $32.17B (2025).

The relatively low beta of 0.17 suggests IMB.L is a less volatile holding compared to the broader index. Debt significantly exceeds cash reserves, which means the company's financial flexibility could be constrained during economic downturns. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing IMB.L.

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