(IMO) Imperial Oil - Ratings and Ratios
Crude Oil, Natural Gas, Refined Products, Petrochemicals, Polyethylene
IMO EPS (Earnings per Share)
IMO Revenue
Description: IMO Imperial Oil September 29, 2025
Imperial Oil Ltd (NYSE MKT:IMO) is a Canadian-based, integrated oil and gas company operating as a subsidiary of Exxon Mobil. It is organized into three business segments – Upstream, Downstream, and Chemicals – and trades under the Esso and Mobil brands.
**Upstream**: The segment conducts exploration and production of crude oil, natural gas, synthetic crude, and bitumen across Western Canada. Based on the 2023 annual report, Imperial Oil’s average daily production was roughly 200,000 boe/d, giving it a reserve replacement ratio of 1.2× (assumption: the figure reflects reported proved plus probable reserves). The segment’s earnings are highly sensitive to the West Canadian Select (WCS) price spread versus WTI, which has averaged a $15-$20 per-barrel discount in 2023.
**Downstream**: Imperial Oil owns and operates two refineries (Edmonton ≈ 115,000 bbl/d and Sarnia ≈ 230,000 bbl/d) for a combined capacity of about 345,000 bbl/d. It transports crude and refined products via owned pipelines and third-party carriers, and distributes fuel, asphalt, and lubricants through a network of terminals and retail stations. The downstream segment contributed roughly 55 % of total revenue in 2023, and its operating margin is closely tied to the crack spread, which widened to ~ $25 per barrel in the second half of 2023.
**Chemicals**: The chemical arm manufactures aliphatic solvents, plasticizer intermediates, polyethylene resins, and refinery-grade propylene. While a smaller slice of the business (≈ 5 % of revenue), it benefits from stable demand in North American packaging and construction sectors, and its EBITDA margin has hovered near 12 % in recent quarters.
Key economic drivers for Imperial Oil include Canadian-U.S. price differentials, pipeline capacity constraints (e.g., Trans Mountain expansion), carbon-pricing mechanisms in Alberta, and broader macro trends such as global oil demand recovery and petrochemical demand growth driven by e-commerce packaging.
For a deeper, data-driven valuation of IMO that incorporates these drivers and recent KPI trends, you may find ValueRay’s analytical toolkit useful.
IMO Stock Overview
| Market Cap in USD | 46,675m |
| Sub-Industry | Integrated Oil & Gas |
| IPO / Inception | 1986-07-16 |
IMO Stock Ratings
| Growth Rating | 90.1% |
| Fundamental | 67.3% |
| Dividend Rating | 81.3% |
| Return 12m vs S&P 500 | 13.8% |
| Analyst Rating | 3.22 of 5 |
IMO Dividends
| Dividend Yield 12m | 2.11% |
| Yield on Cost 5y | 13.62% |
| Annual Growth 5y | 27.35% |
| Payout Consistency | 91.8% |
| Payout Ratio | 29.3% |
IMO Growth Ratios
| Growth Correlation 3m | 33.1% |
| Growth Correlation 12m | 79.6% |
| Growth Correlation 5y | 96.8% |
| CAGR 5y | 20.67% |
| CAGR/Max DD 3y (Calmar Ratio) | 0.90 |
| CAGR/Mean DD 3y (Pain Ratio) | 2.64 |
| Sharpe Ratio 12m | 1.26 |
| Alpha | 17.01 |
| Beta | 1.081 |
| Volatility | 28.52% |
| Current Volume | 473.1k |
| Average Volume 20d | 480.2k |
| Stop Loss | 90.4 (-3.3%) |
| Signal | 0.17 |
Piotroski VR‑10 (Strict, 0-10) 6.0
| Net Income (4.70b TTM) > 0 and > 6% of Revenue (6% = 2.83b TTM) |
| FCFTA 0.10 (>2.0%) and ΔFCFTA -0.17pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 8.33% (prev 6.25%; Δ 2.08pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.14 (>3.0%) and CFO 6.27b > Net Income 4.70b (YES >=105%, WARN >=100%) |
| Net Debt (1.53b) to EBITDA (8.17b) ratio: 0.19 <= 3.0 (WARN <= 3.5) |
| Current Ratio 1.58 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (510.3m) change vs 12m ago -4.97% (target <= -2.0% for YES) |
| Gross Margin 14.73% (prev 15.47%; Δ -0.74pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 106.9% (prev 113.2%; Δ -6.33pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 322.4 (EBITDA TTM 8.17b / Interest Expense TTM 19.0m) >= 6 (WARN >= 3) |
Altman Z'' 4.67
| (A) 0.09 = (Total Current Assets 10.66b - Total Current Liabilities 6.73b) / Total Assets 44.18b |
| (B) 0.55 = Retained Earnings (Balance) 24.25b / Total Assets 44.18b |
| (C) 0.14 = EBIT TTM 6.12b / Avg Total Assets 44.16b |
| (D) 1.30 = Book Value of Equity 25.00b / Total Liabilities 19.18b |
| Total Rating: 4.67 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 67.29
| 1. Piotroski 6.0pt = 1.0 |
| 2. FCF Yield 6.69% = 3.35 |
| 3. FCF Margin 9.52% = 2.38 |
| 4. Debt/Equity 0.16 = 2.49 |
| 5. Debt/Ebitda 0.19 = 2.47 |
| 6. ROIC - WACC (= 7.48)% = 9.35 |
| 7. RoE 19.47% = 1.62 |
| 8. Rev. Trend -59.09% = -4.43 |
| 9. EPS Trend -18.70% = -0.93 |
What is the price of IMO shares?
Over the past week, the price has changed by +5.93%, over one month by +2.96%, over three months by +10.66% and over the past year by +29.70%.
Is Imperial Oil a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of IMO is around 102.53 USD . This means that IMO is currently overvalued and has a potential downside of 9.73%.
Is IMO a buy, sell or hold?
- Strong Buy: 3
- Buy: 2
- Hold: 10
- Sell: 2
- Strong Sell: 1
What are the forecasts/targets for the IMO price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 57.8 | -38.1% |
| Analysts Target Price | 57.8 | -38.1% |
| ValueRay Target Price | 115.3 | 23.4% |
IMO Fundamental Data Overview November 02, 2025
P/E Trailing = 13.5708
P/E Forward = 19.5313
P/S = 0.9412
P/B = 2.5298
P/EG = 0.85
Beta = 1.081
Revenue TTM = 47.18b CAD
EBIT TTM = 6.12b CAD
EBITDA TTM = 8.17b CAD
Long Term Debt = 3.45b CAD (from longTermDebt, last quarter)
Short Term Debt = 19.0m CAD (from shortTermDebt, last quarter)
Debt = 3.92b CAD (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.53b CAD (from netDebt column, last quarter)
Enterprise Value = 67.10b CAD (65.57b + Debt 3.92b - CCE 2.39b)
Interest Coverage Ratio = 322.4 (Ebit TTM 6.12b / Interest Expense TTM 19.0m)
FCF Yield = 6.69% (FCF TTM 4.49b / Enterprise Value 67.10b)
FCF Margin = 9.52% (FCF TTM 4.49b / Revenue TTM 47.18b)
Net Margin = 9.96% (Net Income TTM 4.70b / Revenue TTM 47.18b)
Gross Margin = 14.73% ((Revenue TTM 47.18b - Cost of Revenue TTM 40.23b) / Revenue TTM)
Gross Margin QoQ = 13.65% (prev 16.01%)
Tobins Q-Ratio = 1.52 (Enterprise Value 67.10b / Total Assets 44.18b)
Interest Expense / Debt = 0.05% (Interest Expense 2.00m / Debt 3.92b)
Taxrate = 23.71% (295.0m / 1.24b)
NOPAT = 4.67b (EBIT 6.12b * (1 - 23.71%))
Current Ratio = 1.58 (Total Current Assets 10.66b / Total Current Liabilities 6.73b)
Debt / Equity = 0.16 (Debt 3.92b / totalStockholderEquity, last quarter 25.00b)
Debt / EBITDA = 0.19 (Net Debt 1.53b / EBITDA 8.17b)
Debt / FCF = 0.34 (Net Debt 1.53b / FCF TTM 4.49b)
Total Stockholder Equity = 24.13b (last 4 quarters mean from totalStockholderEquity)
RoA = 10.64% (Net Income 4.70b / Total Assets 44.18b)
RoE = 19.47% (Net Income TTM 4.70b / Total Stockholder Equity 24.13b)
RoCE = 22.21% (EBIT 6.12b / Capital Employed (Equity 24.13b + L.T.Debt 3.45b))
RoIC = 16.92% (NOPAT 4.67b / Invested Capital 27.62b)
WACC = 9.44% (E(65.57b)/V(69.49b) * Re(10.0%) + D(3.92b)/V(69.49b) * Rd(0.05%) * (1-Tc(0.24)))
Discount Rate = 10.0% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -4.00%
[DCF Debug] Terminal Value 72.63% ; FCFE base≈4.52b ; Y1≈4.83b ; Y5≈5.86b
Fair Price DCF = 144.9 (DCF Value 73.74b / Shares Outstanding 509.0m; 5y FCF grow 7.74% → 3.0% )
EPS Correlation: -18.70 | EPS CAGR: -18.28% | SUE: 3.00 | # QB: 4
Revenue Correlation: -59.09 | Revenue CAGR: -11.63% | SUE: -0.19 | # QB: 0
Additional Sources for IMO Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle