Imperial Brands PLC
IMB: XLON (GBR)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
GBX 3,878.00 | Hqlyx | Spmbrsdcl |
Imperial Brands Reports in Line Fiscal 2021 Results; Shares Remain Undervalued
Imperial Brands' preliminary financial results for fiscal 2021 were broadly in line with our forecasts, confirming our thesis that Imperial still possesses pricing power, and with a more focused approach to investment, will be able to continue to generate strong cash flow in the medium and long term. We are retaining our GBX 2,900 fair value estimate, and we see a lot of potential upside to Imperial.