IMPERIAL OIL LTD (IMO.CA) Fundamental Analysis & Valuation
TSX:IMO • CA4530384086
163.41 CAD
+1.13 (+0.7%)
Last: Mar 3, 2026, 07:00 PM
This IMO.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
Taking everything into account, IMO scores 6 out of 10 in our fundamental rating. IMO was compared to 210 industry peers in the Oil, Gas & Consumable Fuels industry. Both the health and profitability get an excellent rating, making IMO a very profitable company, without any liquidiy or solvency issues. IMO has a valuation in line with the averages, but it does not seem to be growing.
1. IMO.CA Profitability Analysis
1.1 Basic Checks
- IMO had positive earnings in the past year.
- IMO had a positive operating cash flow in the past year.
- Of the past 5 years IMO 4 years were profitable.
- Of the past 5 years IMO 4 years had a positive operating cash flow.
1.2 Ratios
- With an excellent Return On Assets value of 9.31%, IMO belongs to the best of the industry, outperforming 93.81% of the companies in the same industry.
- With an excellent Return On Equity value of 16.89%, IMO belongs to the best of the industry, outperforming 94.76% of the companies in the same industry.
- With an excellent Return On Invested Capital value of 10.67%, IMO belongs to the best of the industry, outperforming 96.19% of the companies in the same industry.
- Measured over the past 3 years, the Average Return On Invested Capital for IMO is significantly above the industry average of 6.66%.
- The last Return On Invested Capital (10.67%) for IMO is well below the 3 year average (15.78%), which needs to be investigated, but indicates that IMO had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.31% | ||
| ROE | 16.89% | ||
| ROIC | 10.67% |
ROA(3y)13.3%
ROA(5y)8.22%
ROE(3y)25.05%
ROE(5y)15.58%
ROIC(3y)15.78%
ROIC(5y)N/A
1.3 Margins
- The Profit Margin of IMO (8.30%) is better than 61.90% of its industry peers.
- In the last couple of years the Profit Margin of IMO has grown nicely.
- With a Operating Margin value of 10.43%, IMO perfoms like the industry average, outperforming 58.10% of the companies in the same industry.
- In the last couple of years the Operating Margin of IMO has grown nicely.
- IMO has a Gross Margin (22.56%) which is in line with its industry peers.
- IMO's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 10.43% | ||
| PM (TTM) | 8.3% | ||
| GM | 22.56% |
OM growth 3Y11.07%
OM growth 5Y14.66%
PM growth 3Y12.16%
PM growth 5Y7.59%
GM growth 3Y1.78%
GM growth 5Y3.23%
2. IMO.CA Health Analysis
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so IMO is creating value.
- IMO has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
- An Altman-Z score of 4.81 indicates that IMO is not in any danger for bankruptcy at the moment.
- With an excellent Altman-Z score value of 4.81, IMO belongs to the best of the industry, outperforming 84.76% of the companies in the same industry.
- The Debt to FCF ratio of IMO is 0.84, which is an excellent value as it means it would take IMO, only 0.84 years of fcf income to pay off all of its debts.
- With an excellent Debt to FCF ratio value of 0.84, IMO belongs to the best of the industry, outperforming 94.29% of the companies in the same industry.
- A Debt/Equity ratio of 0.17 indicates that IMO is not too dependend on debt financing.
- IMO has a Debt to Equity ratio of 0.17. This is in the better half of the industry: IMO outperforms 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.17 | ||
| Debt/FCF | 0.84 | ||
| Altman-Z | 4.81 |
ROIC/WACC1.39
WACC7.69%
2.3 Liquidity
- IMO has a Current Ratio of 1.47. This is a normal value and indicates that IMO is financially healthy and should not expect problems in meeting its short term obligations.
- The Current ratio of IMO (1.47) is better than 72.38% of its industry peers.
- A Quick Ratio of 1.17 indicates that IMO should not have too much problems paying its short term obligations.
- IMO has a Quick ratio of 1.17. This is in the better half of the industry: IMO outperforms 69.52% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.47 | ||
| Quick Ratio | 1.17 |
3. IMO.CA Growth Analysis
3.1 Past
- The earnings per share for IMO have decreased by -5.75% in the last year.
- IMO shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -9.46% yearly.
EPS 1Y (TTM)-5.75%
EPS 3Y-9.46%
EPS 5YN/A
EPS Q2Q%-16.88%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-10.53%
3.2 Future
- IMO is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 7.01% yearly.
- IMO is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -1.06% yearly.
EPS Next Y-13.83%
EPS Next 2Y-1.3%
EPS Next 3Y4.73%
EPS Next 5Y7.01%
Revenue Next Year0.61%
Revenue Next 2Y0.81%
Revenue Next 3Y-4.57%
Revenue Next 5Y-1.06%
3.3 Evolution
- The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
4. IMO.CA Valuation Analysis
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 19.18, IMO is valued on the expensive side.
- Based on the Price/Earnings ratio, IMO is valued a bit cheaper than 66.19% of the companies in the same industry.
- Compared to an average S&P500 Price/Earnings ratio of 26.83, IMO is valued a bit cheaper.
- IMO is valuated rather expensively with a Price/Forward Earnings ratio of 22.26.
- 62.38% of the companies in the same industry are more expensive than IMO, based on the Price/Forward Earnings ratio.
- IMO's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 24.95.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.18 | ||
| Fwd PE | 22.26 |
4.2 Price Multiples
- IMO's Enterprise Value to EBITDA ratio is in line with the industry average.
- 73.33% of the companies in the same industry are more expensive than IMO, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.52 | ||
| EV/EBITDA | 10.85 |
4.3 Compensation for Growth
- IMO has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-1.3%
EPS Next 3Y4.73%
5. IMO.CA Dividend Analysis
5.1 Amount
- IMO has a Yearly Dividend Yield of 2.18%.
- Compared to an average industry Dividend Yield of 4.11, IMO pays a bit more dividend than its industry peers.
- Compared to an average S&P500 Dividend Yield of 1.82, IMO has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.18% |
5.2 History
- The dividend of IMO is nicely growing with an annual growth rate of 23.44%!
- IMO has been paying a dividend for at least 10 years, so it has a reliable track record.
- IMO has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)23.44%
Div Incr Years30
Div Non Decr Years34
5.3 Sustainability
- IMO pays out 33.92% of its income as dividend. This is a sustainable payout ratio.
- IMO's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP33.92%
EPS Next 2Y-1.3%
EPS Next 3Y4.73%
IMO.CA Fundamentals: All Metrics, Ratios and Statistics
TSX:IMO (3/3/2026, 7:00:00 PM)
163.41
+1.13 (+0.7%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)01-30 2026-01-30/bmo
Earnings (Next)04-30 2026-04-30/bmo
Inst Owners30.51%
Inst Owner ChangeN/A
Ins Owners0%
Ins Owner ChangeN/A
Market Cap79.02B
Revenue(TTM)N/A
Net Income(TTM)4.00B
Analysts48.7
Price Target118.47 (-27.5%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.18% |
Yearly Dividend2.37
Dividend Growth(5Y)23.44%
DP33.92%
Div Incr Years30
Div Non Decr Years34
Ex-Date03-05 2026-03-05 (0.87)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)12.02%
Min EPS beat(2)11.99%
Max EPS beat(2)12.06%
EPS beat(4)4
Avg EPS beat(4)12.54%
Min EPS beat(4)10.95%
Max EPS beat(4)15.18%
EPS beat(8)8
Avg EPS beat(8)12.27%
EPS beat(12)12
Avg EPS beat(12)10.25%
EPS beat(16)14
Avg EPS beat(16)10.88%
Revenue beat(2)0
Avg Revenue beat(2)-13.99%
Min Revenue beat(2)-19.09%
Max Revenue beat(2)-8.9%
Revenue beat(4)0
Avg Revenue beat(4)-16.26%
Min Revenue beat(4)-27.99%
Max Revenue beat(4)-8.9%
Revenue beat(8)0
Avg Revenue beat(8)-18.12%
Revenue beat(12)0
Avg Revenue beat(12)-17.56%
Revenue beat(16)1
Avg Revenue beat(16)-16.55%
PT rev (1m)2.78%
PT rev (3m)4.52%
EPS NQ rev (1m)-4.17%
EPS NQ rev (3m)0.05%
EPS NY rev (1m)0%
EPS NY rev (3m)1.08%
Revenue NQ rev (1m)-5.42%
Revenue NQ rev (3m)-6.57%
Revenue NY rev (1m)-0.7%
Revenue NY rev (3m)-3.9%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.18 | ||
| Fwd PE | 22.26 | ||
| P/S | 1.64 | ||
| P/FCF | 16.52 | ||
| P/OCF | 12.01 | ||
| P/B | 3.34 | ||
| P/tB | 3.36 | ||
| EV/EBITDA | 10.85 |
EPS(TTM)8.52
EY5.21%
EPS(NY)7.34
Fwd EY4.49%
FCF(TTM)9.89
FCFY6.05%
OCF(TTM)13.6
OCFY8.33%
SpS99.7
BVpS48.98
TBVpS48.63
PEG (NY)N/A
PEG (5Y)N/A
Graham Number96.89
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.31% | ||
| ROE | 16.89% | ||
| ROCE | 13.9% | ||
| ROIC | 10.67% | ||
| ROICexc | 11.25% | ||
| ROICexgc | 11.3% | ||
| OM | 10.43% | ||
| PM (TTM) | 8.3% | ||
| GM | 22.56% | ||
| FCFM | 9.92% |
ROA(3y)13.3%
ROA(5y)8.22%
ROE(3y)25.05%
ROE(5y)15.58%
ROIC(3y)15.78%
ROIC(5y)N/A
ROICexc(3y)16.85%
ROICexc(5y)N/A
ROICexgc(3y)16.94%
ROICexgc(5y)N/A
ROCE(3y)20.55%
ROCE(5y)N/A
ROICexgc growth 3Y20.23%
ROICexgc growth 5Y25.24%
ROICexc growth 3Y20.24%
ROICexc growth 5Y25.25%
OM growth 3Y11.07%
OM growth 5Y14.66%
PM growth 3Y12.16%
PM growth 5Y7.59%
GM growth 3Y1.78%
GM growth 5Y3.23%
F-Score7
Asset Turnover1.12
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.17 | ||
| Debt/FCF | 0.84 | ||
| Debt/EBITDA | 0.53 | ||
| Cap/Depr | 73.34% | ||
| Cap/Sales | 3.72% | ||
| Interest Coverage | 201.2 | ||
| Cash Conversion | 87.97% | ||
| Profit Quality | 119.55% | ||
| Current Ratio | 1.47 | ||
| Quick Ratio | 1.17 | ||
| Altman-Z | 4.81 |
F-Score7
WACC7.69%
ROIC/WACC1.39
Cap/Depr(3y)89.4%
Cap/Depr(5y)70.15%
Cap/Sales(3y)3.24%
Cap/Sales(5y)3.31%
Profit Quality(3y)82.59%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-5.75%
EPS 3Y-9.46%
EPS 5YN/A
EPS Q2Q%-16.88%
EPS Next Y-13.83%
EPS Next 2Y-1.3%
EPS Next 3Y4.73%
EPS Next 5Y7.01%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-10.53%
Revenue Next Year0.61%
Revenue Next 2Y0.81%
Revenue Next 3Y-4.57%
Revenue Next 5Y-1.06%
EBIT growth 1Y-19.46%
EBIT growth 3Y23.34%
EBIT growth 5Y24.52%
EBIT Next Year31.19%
EBIT Next 3Y5.4%
EBIT Next 5Y8.33%
FCF growth 1Y40.14%
FCF growth 3Y-1.98%
FCF growth 5Y8.05%
OCF growth 1Y26.03%
OCF growth 3Y2.98%
OCF growth 5Y6.19%
IMPERIAL OIL LTD / IMO.CA FAQ
Can you provide the ChartMill fundamental rating for IMPERIAL OIL LTD?
ChartMill assigns a fundamental rating of 6 / 10 to IMO.CA.
Can you provide the valuation status for IMPERIAL OIL LTD?
ChartMill assigns a valuation rating of 4 / 10 to IMPERIAL OIL LTD (IMO.CA). This can be considered as Fairly Valued.
Can you provide the profitability details for IMPERIAL OIL LTD?
IMPERIAL OIL LTD (IMO.CA) has a profitability rating of 8 / 10.
What are the PE and PB ratios of IMPERIAL OIL LTD (IMO.CA) stock?
The Price/Earnings (PE) ratio for IMPERIAL OIL LTD (IMO.CA) is 19.18 and the Price/Book (PB) ratio is 3.34.
What is the earnings growth outlook for IMPERIAL OIL LTD?
The Earnings per Share (EPS) of IMPERIAL OIL LTD (IMO.CA) is expected to decline by -13.83% in the next year.