Imperial Oil Ltd

Energy
Integrated oil Companies
www.imperialoil.ca

Earnings Score
Moat Score
Safety Score

Market Cap $34.91B
PE 7
Debt $4.01B
Cash $1.76B
EV $37.15B
FCF $4.66B

Earnings

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Sales & Net Margins

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Earnings	4.88B
EBIT	6.36B
ROE	20%
ROA	14%
FCF	$4.66B
Equity	24.41B
Growth Stability	-111%
PE	7.15
PEG	0.23
PB	1.43
P/FCF	7.48
P/S	0.67
Price/Cash	0.05
Debt/Equity	0.16
Debt/FCF	0.86
Net Margins	10%
Op. Margins	12%
Earnings CAGR	16%
Sales Growth YoY	2%
Sales Growth QoQ	-1%
Sales CAGR	0%
FCF CAGR	26%
Equity CAGR	-1%
Earnings Stability	0.36
Earnings Growth YoY	8%
Earnings Growth QoQ	5%
Earnings CAGR 5Y	31%

Sales CAGR 5Y	2%
FCF CAGR 5Y	38%
Equity CAGR 5Y	2%
Earnings CAGR 3Y	-5%
Sales CAGR 3Y	-5%
FCF CAGR 3Y	-23%
Equity CAGR 3Y	3%
Market Cap	$34.91B
Revenue	51.77B
Dividend Yield	4%
Payout Ratio	26%
Assets	43.89B
Total Debt	4.01B
Cash	1.76B
Shares Outstanding	509M
EV	37.15B
Earnings Score	27%
Moat Score	94%
Safety Score	65%
Final Score	62%
Working Capital	3.36B
Current Ratio	1.48
Shares Growth 3y	-8%
Equity Growth QoQ	4%
Equity Growth YoY	6%

Assets & ROA

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Stockholders Equity & ROE

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Imperial Oil is one of Canada's largest integrated oil companies, focusing on upstream operations, petroleum refining operations, and the marketing of petroleum products. Production averaged 398 thousand barrels of oil equivalent per day in 2020. The company estimates that it holds 5.2 billion boe of proved and probable crude oil and natural gas reserves. Imperial remains the largest refiner of petroleum products in Canada, operating three refineries with a combined processing capacity of 421 mboe/d.

SEC Filings

Direct access to Imperial Oil Ltd (IMO) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2025
- 10-Q Mar 31
2024
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Imperial Oil Ltd compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Imperial Oil Ltd compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 16%

Stability 36%

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Imperial Oil Ltd Discounted Cash Flow

Fully customizable DCF calculator online for Imperial Oil Ltd.

Years

Calculation mode

= $289B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$4.7B	$5.9B	$7.4B	$9.4B	$12B	$15B	$19B	$24B	$30B	$38B	$47B	$474B
DCF		$5.3B	$6.1B	$7B	$8.1B	$9.2B	$11B	$12B	$14B	$16B	$18B	$183B
Value	$289B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Net Margins	-	-	-	-	-	-8%	7%	12%	10%	9%	10%
ROA	-	6%	1%	7%	5%	-6%	8%	22%	15%	15%	14%
ROE	-	9%	2%	9%	9%	-9%	11%	33%	22%	20%	20%

Good Net Margins (10.29%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Debt over FCF	-	5.56	2.94	2.13	1.86	-74.06	1.18	0.46	2.12	0.97	0.86
Debt over Equity	0.36	0.21	0.21	0.21	0.21	0.24	0.24	0.19	0.19	0.17	0.16
Growth Stability	-	-	-	100%	100%	-111%	100%	100%	100%	98%	-111%

Good Debt/FCF ratio (0.86)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Good Debt/Equity ratio (0.16)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (-111%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	CAGR 5Y
Revenue YoY growth	-	-	-	-	-	-	68%	59%	-15%	1%	2%
Earnings YoY growth	-	93%	-77%	372%	-5%	-184%	-233%	196%	-33%	-2%	31%
Equity YoY growth	-	7%	-2%	0%	-1%	-12%	1%	3%	-1%	6%	2%
FCF YoY growth	-	-214%	88%	37%	15%	-103%	-6K%	105%	-78%	111%	38%