IMO Stock Analysis: Imperial Oil | AMEX
Oil & Gas Integrated | AMEX, USA | Market Cap: 65.044m USD | 12M Return: 39% | CA4530384086 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 75.8M
EPS Trend: -12.1%
Qual. Beats: 1
Rev. Trend: 30.1%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality
Imperial Oil Limited is a Canadian integrated energy company operating across three segments: Upstream (exploration and production of crude oil, natural gas, synthetic crude oil, and bitumen), Downstream (transport, refining, and marketing of petroleum products under the Esso and Mobil brands), and Chemical (manufacture of solvents, plasticizer intermediates, and polyethylene resins). The company is headquartered in Calgary, was incorporated in 1880, and operates as a subsidiary of Exxon Mobil Corporation.
As an integrated oil and gas producer, Imperial Oils business spans the full energy value chain from resource extraction through refining and retail marketing. Its focus on synthetic crude oil and bitumen reflects the prominence of Canadas oil sands in its production base, and its ownership of refineries, pipelines, and terminals across Alberta, Manitoba, and Ontario gives it significant midstream and downstream infrastructure in the Canadian market.
- Kearl oil sands production hits record volumes
- WCS heavy oil differential narrows, boosting upstream margins
- Carbon tax costs rise, pressuring Canadian refining margins
| Net Income: 4.38b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.11 > 0.02 and ΔFCF/TA 0.36 > 1.0 |
| NWC/Revenue: 6.81% < 20% (prev 7.92%; Δ -1.11% < -1%) |
| CFO/TA 0.15 > 3% & CFO 7.18b > Net Income 4.38b |
| Net Debt (1.96b) to EBITDA (8.68b): 0.23 < 3 |
| Current Ratio: 1.38 > 1.5 & < 3 |
| Outstanding Shares: last quarter (484.9m) vs 12m ago -4.98% < -2% |
| Gross Margin: 17.56% > 18% (prev 18.45%; Δ -0.90% > 0.5%) |
| Asset Turnover: 121.7% > 50% (prev 112.3%; Δ 9.42% > 0%) |
| Interest Coverage Ratio: 123.7 > 6 (EBIT TTM 5.71b / Interest Expense TTM 46.2m) |
| A: 0.08 (Total Current Assets 13.9b - Total Current Liabilities 10.1b) / Total Assets 47.9b |
| B: 0.49 (Retained Earnings 23.7b / Total Assets 47.9b) |
| C: 0.12 (EBIT TTM 5.71b / Avg Total Assets 46.0b) |
| D: 1.05 (Book Value of Equity 24.5b / Total Liabilities 23.3b) |
| Altman-Z'' = 4.07 = AA |
| DSRI: 1.29 (Receivables 8.17b/5.60b, Revenue 56.0b/49.6b) |
| GMI: 1.05 (GM 18.45% / 17.56%) |
| AQI: -17.07 (AQ_t -1.10 / AQ_t-1 0.06) |
| SGI: 1.13 (Revenue 56.0b / 49.6b) |
| TATA: -0.06 (NI 4.38b - CFO 7.18b) / TA 47.9b) |
| Beneish M = -13.37 (Cap -4..+1) = AAA |
As of September 22, 2026, the stock is trading at USD 126.17 with a total of 578,009 shares traded. Over the past week, the price has changed by -4.29%, over one month by -8.17%, over three months by +11.20% and over the past year by +38.99%.
Current recommended Stop Loss: 120.90 (which is 4.2% or 1.6 ATR below the current price).
Imperial Oil has received a consensus analysts rating of 3.22. Therefore, it is recommended to hold IMO.
- StrongBuy: 3
- Buy: 2
- Hold: 10
- Sell: 2
- StrongSell: 1
| Analysts Target Price | 108.7 | -13.9% |
Market Cap CAD = 91.3b (65.0b USD * 1.4031 USD.CAD)
P/E Trailing = 21.1494
P/E Forward = 14.9031
P/S = 1.7633
P/B = 3.5689
P/EG = 5.1807
Revenue TTM = 56.0b CAD
EBIT TTM = 5.71b CAD
EBITDA TTM = 8.68b CAD
Long Term Debt = 3.45b CAD (from longTermDebt, last quarter)
Short Term Debt = 19.0m CAD (from shortTermDebt, last quarter)
Debt = 4.80b CAD (from shortLongTermDebtTotal, last quarter) + Leases 667.0m
Net Debt = 1.96b CAD (calculated: Debt 4.80b - CCE 2.84b)
Enterprise Value = 93.2b CAD (91.3b + Debt 4.80b - CCE 2.84b)
Interest Coverage Ratio = 123.7 (Ebit TTM 5.71b / Interest Expense TTM 46.2m)
EV/FCF = 18.52x (Enterprise Value 93.2b / FCF TTM 5.04b)
FCF Yield = 5.40% (FCF TTM 5.04b / Enterprise Value 93.2b)
FCF Margin = 8.99% (FCF TTM 5.04b / Revenue TTM 56.0b)
Net Margin = 7.81% (Net Income TTM 4.38b / Revenue TTM 56.0b)
Gross Margin = 17.56% ((Revenue TTM 56.0b - Cost of Revenue TTM 46.2b) / Revenue TTM)
Gross Margin QoQ = 22.42% (prev 20.18%)
Tobins Q-Ratio = 1.95 (Enterprise Value 93.2b / Total Assets 47.9b)
Interest Expense / Debt = 0.96% (Interest Expense 46.2m / Debt 4.80b)
Taxrate = 23.25% (1.33b / 5.70b)
NOPAT = 4.38b (EBIT 5.71b * (1 - 23.25%))
Current Ratio = 1.38 (Total Current Assets 13.9b / Total Current Liabilities 10.1b)
Debt / Equity = 0.20 (Debt 4.80b / totalStockholderEquity, last quarter 24.5b)
Debt / EBITDA = 0.23 (Net Debt 1.96b / EBITDA 8.68b)
Debt / FCF = 0.39 (Net Debt 1.96b / FCF TTM 5.04b)
Total Stockholder Equity = 23.3b (last 4 quarters mean from totalStockholderEquity)
RoA = 9.51% (Net Income 4.38b / Total Assets 47.9b)
RoE = 18.77% (Net Income TTM 4.38b / Total Stockholder Equity 23.3b)
RoCE = 21.35% (EBIT 5.71b / Capital Employed (Equity 23.3b + L.T.Debt 3.45b))
RoIC = 12.54% (NOPAT 4.38b / Invested Capital 35.0b)
WACC = 7.01% (E(91.3b)/V(96.1b) * Re(7.34%) + D(4.80b)/V(96.1b) * Rd(0.96%) * (1-Tc(0.23)))
Discount Rate = 7.34% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -98.17 | Cagr: -4.43%
[DCF] Terminal Value 76.90% ; FCFF base≈4.82b ; Y1≈5.32b ; Y5≈6.82b
[DCF] Fair Price = 211.2 (EV 104b - Net Debt 1.96b = Equity 102b / Shares 483.6m; r=8.35% [WACC [floored]]; 5y FCF grow 12.14% → 2.50% )
EPS Correlation: -12.08 | EPS CAGR: -0.69% | SUE: 1.09 | # QB: 1
Revenue Correlation: 30.10 | Revenue CAGR: 0.98% | SUE: 0.02 | # QB: 0
EPS current Quarter (2026-09-30): EPS=4.44 | Chg30d=-1.92% | Revisions=+57% | Analysts=6
EPS current Year (2026-12-31): EPS=14.39 | Chg30d=+1.56% | Revisions=+57% | GrowthEPS=+68.8% | GrowthRev=+26.8%
EPS next Year (2027-12-31): EPS=11.53 | Chg30d=+3.23% | Revisions=+57% | GrowthEPS=-19.9% | GrowthRev=+2.5%
[Analyst] Revisions Ratio: +80% (up=12, down=0)