Imperial Brands plc

Public consensus   -   Last updated 09/05/22

Contributors

  • 10 H1 FY22 based on
  • 12 FY22 based on
  • 12 FY23 based on
Reporting currency: GBP
Reporting unit: Absolute
H1 FY22
CONSENSUS
09/05/22
FY22
CONSENSUS
09/05/22
FY23
CONSENSUS
09/05/22
Organic Growth % (excludes translation FX)
Tobacco & NGP Net Revenue - YOY %
-0.0
0.4
0.7
Total Group Adjusted Operating Profit - YOY %
0.8
0.9
2.2
Organic at actual rates
Volume Stick Equivalent (bn) - By Reporting Segment
Europe
56.8
118.8
113.4
Americas
9.1
20.8
20.0
Africa, Asia, Australasia
40.0
75.2
70.0
Total Tobacco Volume
105.9
214.9
203.4
Net Revenue (£m) - By Reporting Segment - Tobacco & NGP
Europe
1,588
3,454
3,455
Americas
1,150
2,665
2,720
Africa, Asia, Australasia
761
1,475
1,475
Total Tobacco & NGP Revenue
3,500
7,593
7,649
NGP Revenues (£m)
105
212
247
Adjusted Operating Profit (£m) - Tobacco & NGP
Europe
713
1,626
1,658
Americas
450
1,110
1,154
Africa, Asia, Australasia
290
595
608
Total tobacco & NGP operating profit
1,453
3,331
3,420
Logistics Adjusted Operating Profit (£m)
120
256
263
Eliminations (£m)
-0
1
-0
Total Group Adjusted Operating Profit
1,573
3,589
3,683
Interest
(180)
(359)
(331)
Share of profit of joint ventures
4
8
9
Profit Before Tax
1,397
3,238
3,361
Tax
(336)
(778)
(806)
Tax Rate (%)
24.0
24.0
24.0
Minority Interests
(55)
(115)
(118)
Earnings
1,006
2,345
2,436
Basic weighted average shares in issue
945.6
944.9
926.9
Adjusted EPS (p)
106.4
248.2
262.8
DPS (p)
45.1
142.6
146.8
Dividend payout ratio %
42
57
56
Model Assumptions
Euro/GBP (average)
0.997
1.000
1.001
USD/GBP (average)
1.091
1.077
1.074

Disclaimer

The consensus figures are an aggregation of publicly available forecasts collated exclusively by VUMA, but only on the basis of information submitted by those analysts who choose to participate. The consensus figure for a particular item represents the arithmetic average of all figures for that item submitted to VUMA by analysts. VUMA has no access to Imperial Brands' internal forecasts, budgets or any other information which is not publicly available.
The consensus figures are not based on Imperial Brands’ own opinions, estimates or forecasts and are compiled and published without comment from, or endorsement or verification by, Imperial Brands. The consensus figures do not necessarily reflect guidance provided from time to time by Imperial Brands where given in relation to equivalent metrics, which to the extent available can be found on the Imperial Brands website.
By enabling publication of the consensus figures and referencing the same on its website, Imperial Brands does not imply that it endorses, confirms or expresses a view on the consensus figures. The consensus figures are provided for informational purposes only and are not intended to, nor do they, constitute investment advice or any solicitation to buy, hold or sell securities or other financial instruments. No warranty or representation, either express or implied, is made by Imperial Brands or its affiliates, or their respective directors, officers and employees, in relation to the accuracy, completeness or achievability of the consensus figures and, to the fullest extent permitted by law, no responsibility or liability is accepted by any of those persons in respect of those matters. Imperial Brands assumes no obligation to update, revise or supplement the consensus figures to reflect circumstances existing after the date hereof.
Imperial Brands does not accept any liability whatsoever for reliance upon, or actions taken based on, any of the information set out in these consensus figures. The consensus figures are forward-looking and as such are speculative and rely on assumptions and events in the future (some or all of which may not be satisfied or may not occur).
The consensus figures do not take into consideration the investment objectives, financial situation or particular needs of any particular investor. Before making an investment decision, a prospective investor should consider its particular investment needs, objectives and financial circumstances, and should seek appropriate professional advice, tailored to the investor's circumstances. Any investment in securities is subject to investment risks.
Following the release of Imperial Brands’ quarterly results, each of the contributing analysts is asked to submit their estimates to VUMA. The consensus figures therefore represent the estimates of these analysts only (not necessarily being the same analysts that contributed to consensus figures for previous quarters) at the time of publication. Analyst estimates can change significantly from time to time. Any such changes in analysts’ estimates will not be reflected in the consensus figures published on VUMA’s website until Imperial Brands invites sell-side analysts to submit their updated forecasts following the release of Imperial Brands’ next financial results.