Imperial Brands plc

Public consensus   -   Last updated 23/12/19

Reporting currency: GBP
Reporting unit: Absolute
 
NO. OF
FORECASTS
FY20
CONSENSUS
23/12/19
FY20
MIN
FY20
MAX
Reported
Volume Stick Equivalent (bn) - By Reporting Segment
Europe
13
129
128
130
Americas
13
20
19
21
Africa, Asia, Australasia
13
84
81
85
Total Tobacco Volume
13
233
228
236
Net Revenue (£m) - By Reporting Segment - Tobacco & NGP
Europe
13
3,632
3,567
3,715
Americas
13
2,449
2,278
2,538
Africa, Asia, Australasia
13
1,917
1,876
1,950
Total Tobacco & NGP Revenue
13
7,999
7,794
8,147
NGP Revenues (£m)
13
316
277
368
Adjusted Operating Profit (£m) - Tobacco & NGP
Europe
13
1,699
1,653
1,727
Americas
13
1,082
1,031
1,134
Africa, Asia, Australasia
13
775
708
819
Total tobacco & NGP operating profit
13
3,556
3,454
3,606
Logistics Adjusted Operating Profit (£m)
13
237
229
246
Eliminations (£m)
13
(8)
(20)
-
Total Group Adjusted Operating Profit
13
3,785
3,693
3,838
Interest
13
(445)
(472)
(362)
Share of profit of joint ventures
13
51
-
70
Profit Before Tax
13
3,391
3,243
3,471
Tax
13
(705)
(729)
(638)
Tax Rate (%)
13
20.8
18.9
21.0
Minority Interests
13
(106)
(117)
(69)
Earnings
13
2,579
2,493
2,629
Basic weighted average shares in issue
13
947.8
940.5
954.9
Adjusted EPS (p)
13
272.1
261.6
277.3
DPS (p)
13
201.3
100.0
216.9
Dividend payout ratio %
13
74
38
80
Model Assumptions
Euro/GBP (average)
13
1.133
0.864
1.165
USD/GBP (average)
13
1.248
0.776
1.290

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.