Imperial Oil Ltd Stock Research

Market Summary

USD45.80+0.09

Market Closed

0.20%

IMO Alerts

Big jump in Earnings (Y/Y)

IMO Stock Price

IMO RSI Chart

IMO Valuation

Market Cap

26.7B

Price/Earnings (Trailing)

3.64

Price/Sales (Trailing)

0.45

EV/EBITDA

2.36

Price/Free Cashflow

2.55

IMO Price/Sales (Trailing)

IMO Profitability

EBT Margin

15.89%

Return on Equity

32.75%

Return on Assets

16.86%

Free Cashflow Yield

39.19%

IMO Fundamentals

IMO Revenue

Revenue (TTM)

59.7B

Revenue Y/Y

17.39%

Revenue Q/Q

-5.06%

IMO Earnings

Earnings (TTM)

7.3B

Earnings Y/Y

112.42%

Earnings Q/Q

-14.97%

Price Action

52 Week Range

39.9558.99

(Low)(High)

Last 7 days

-10.5%

Last 30 days

-14.4%

Last 90 days

-3.5%

Trailing 12 Months

7.8%

IMO Financial Health

Current Ratio

1.21

Debt/Equity

0.18

Debt/Cashflow

2.6

IMO Investor Care

Dividend Yield

2.26%

Dividend/Share (TTM)

1.22

Buy Backs (1Y)

13.86%

Diluted EPS (TTM)

11.44

Peers (Alternatives to Imperial Oil)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
XOM	412.4B	413.7B	-13.74%	35.32%	7.4	1	44.83%	141.93%
CVX	298.1B	246.3B	-9.27%	-0.38%	8.41	1.21	51.57%	126.98%
COP	122.0B	82.2B	-15.20%	4.00%	6.53	1.49	69.92%	131.22%
MPC	61.5B	180.0B	-3.44%	67.96%	4.23	0.34	48.81%	49.07%
PSX	45.8B	175.7B	-13.50%	28.08%	4.15	0.26	52.98%	737.05%
APA	14.4B	11.9B	-24.61%	-11.58%	4.67	1.31	50.58%	232.96%
MID-CAP
MUR	5.4B	4.2B	-20.59%	-4.46%	5.64	1.29	50.65%	1409.36%
PBF	5.0B	46.8B	-6.96%	97.01%	1.72	0.11	71.83%	1145.37%
REGI	3.1B	-	0.65%	-11.32%	16.6	0.85	-	-
CVI	3.0B	10.9B	-15.94%	67.47%	6.44	0.27	50.46%	1752.00%
CPE	1.9B	3.2B	-26.77%	-44.44%	1.56	0.58	60.18%	231.32%
SMALL-CAP
GPRE	1.8B	3.7B	-10.84%	10.26%	-14.52	0.5	29.56%	-92.78%
CLMT	1.4B	4.6B	-8.27%	19.66%	-7.89	0.32	60.53%	28.58%
GEVO	431.6M	3.0M	-19.05%	-53.42%	-4.4	141.85	327.99%	-65.54%

Financials for Imperial Oil

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	3.7%	59,670	57,529	52,538	43,278	37,590
R&D Expenses	-	89.00	-	-	-	-
EBITDA	10.6%	11,441	10,349	8,955	6,261	-
EBITDA Margin	6.6%	0.19*	0.18*	0.17*	0.14*	-
Earnings Before Taxes	14.0%	9,484	8,316	7,000	4,305	3,283
EBT Margin	10.0%	0.16*	0.14*	0.13*	0.10*	-
Interest Expenses	7.1%	60.00	56.00	45.00	47.00	54.00
Net Income	14.2%	7,340	6,426	5,303	3,260	2,479
Net Income Margin	10.1%	0.12*	0.11*	0.10*	0.08*	-
Free Cahsflow	12.5%	10,482	9,317	8,175	6,345	-

Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	1.3%	43,524	42,986	44,892	43,810	40,782
Current Assets	-2.4%	10,736	11,005	11,889	10,718	7,813
Cash Equivalents	4.8%	3,749	3,576	2,867	3,149	2,153
Net PPE	1.6%	30,506	30,013	30,966	31,107	31,240
Goodwill	0%	166	166	166	166	166
Liabilities	2.1%	21,111	20,678	22,913	21,534	19,047
Current Liabilities	-0.4%	8,898	8,934	10,087	8,651	5,554
Long Term Debt	-20.2%	4,033	5,054	-	-	-
LT Debt, Non Current	-22.5%	3,447	4,447	4,447	4,447	-
Shareholder's Equity	0.5%	22,413	22,308	21,979	22,276	21,735
Retained Earnings	-1.9%	21,846	22,269	21,913	22,171	21,660
Accumulated Depreciation	-9.5%	23,750	26,256	25,818	25,522	-
Shares Outstanding	-4.6%	584	612	637	669	678

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	12.5%	10,482	9,317	8,175	6,345	5,476
Share Based Compensation	-	96.00	-	-	-	-
Cashflow From Investing	-13.6%	-618	-544	-1,167	-1,144	-1,012
Cashflow From Financing	-16.9%	-8,268	-7,072	-4,917	-3,519	-3,082
Dividend Payments	2.8%	851	828	796	729	706
Buy Backs	22.5%	6,395	5,222	4,023	2,694	2,245

Risks for IMO

What is the probability of a big loss on IMO?

79.2%

Probability that Imperial Oil stock will be more than 20% underwater in next one year

29.2%

Probability that Imperial Oil stock will be more than 30% underwater in next one year.

19.6%

Probability that Imperial Oil stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does IMO drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Imperial Oil was unfortunately bought at previous high price.

Drawdowns

Returns for IMO

Cumulative Returns on IMO

2.5%

10-Year Cumulative Returns

6.2%

7-Year Cumulative Returns

14.1%

5-Year Cumulative Returns

55.8%

3-Year Cumulative Returns

What are the long-term rolling returns for IMO?

FIve years rolling returns for Imperial Oil.

Annualized Returns

Which funds bought or sold IMO recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-08	Capital Asset Advisory Services LLC	sold off	-100	-204,000	-	-%
2023-03-01	Meixler Investment Management, Ltd.	added	1.25	39,348	315,348	0.32%
2023-02-24	SRS Capital Advisors, Inc.	unchanged	-	166	5,166	-%
2023-02-23	CHELSEA COUNSEL CO	new	-	580,850	580,850	0.29%
2023-02-22	TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY	new	-	1,803,000	1,803,000	0.02%
2023-02-21	NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	added	229	61,028	84,028	-%
2023-02-21	Triasima Portfolio Management inc.	new	-	38,289,100	38,289,100	2.93%
2023-02-16	DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main	unchanged	-	78,786	727,786	-%
2023-02-16	MAVERICK CAPITAL LTD	new	-	265,097	265,097	0.01%
2023-02-15	State of Tennessee, Treasury Department	reduced	-17.8	-477,000	5,428,000	0.03%

Latest Funds Activity

Are funds buying IMO calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own IMO

No. of Funds

IMO Alerts

Big jump in Earnings (Y/Y)

Imperial Oil News

Schedule 13G FIlings of Imperial Oil

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2023	exxon mobil corp	69.6%	406,569,870	SC 13G/A
Feb 10, 2022	exxon mobil corp	69.6%	471,943,097	SC 13G/A
Feb 12, 2021	exxon mobil corp	69.6%	510,916,893	SC 13G/A
Feb 05, 2020	exxon mobil corp	69.6%	517,755,287	SC 13G/A

IMO Fair Value

Imperial Oil fair value in different scenarios

The table shows the Fair Value estimates for Imperial Oil for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	112.13 144.83%	138.10 201.53%	254.64 455.98%	330.90 622.49%	413.56 802.97%
Current Inflation	104.72 128.65%	127.38 178.12%	227.88 397.55%	292.25 538.10%	362.23 690.90%
Very High Inflation	95.42 108.34%	114.15 149.24%	196.03 328.01%	246.95 439.19%	302.57 560.63%

Historical Imperial Oil Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Imperial Oil

View All Filings

Date Filed	Form Type	Document
Mar 16, 2023	8-K	Current Report
Feb 22, 2023	10-K	Annual Report
Feb 22, 2023	8-K	Current Report
Feb 09, 2023	SC 13G/A	Major Ownership Report
Jan 31, 2023	8-K	Current Report
Jan 31, 2023	8-K	Current Report
Jan 26, 2023	8-K	Current Report
Jan 19, 2023	8-K	Current Report
Dec 20, 2022	8-K	Current Report
Dec 14, 2022	8-K	Current Report

About Imperial Oil

Bradley W. Corson

www.imperialoil.ca

5400

Imperial Oil Limited engages in exploration, production, and sale of crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream and Chemical segments. The Upstream segment explores for, and produces crude oil, natural gas, synthetic oil, and bitumen. As of December 31, 2021, this segment had 386 million oil-equivalent barrels of proved undeveloped reserves. The Downstream segment is involved in the transportation and refining of crude oil, blending of refined products and the distribution, and marketing of refined products. It also transports crude oil to refineries by contracted pipelines, common carrier pipelines, and rail; maintains a distribution system to move petroleum products to market by pipeline, tanker, rail, and road transport; and owns and operates fuel terminals, natural gas liquids, and products pipelines in Alberta, Manitoba, and Ontario. In addition, this segment markets and supplies petroleum products to motoring public through approximately 2,400 Esso and Mobil-branded sites. Further, it sells petroleum products, including fuel, asphalt, and lubricants for industrial and transportation customers, independent marketers, and resellers, as well as other refiners serving the agriculture, residential heating, and commercial markets through branded fuel and lubricant resellers. The Chemical segment manufactures and markets various petrochemicals, benzene, aromatic and aliphatic solvents, plasticizer intermediates, and polyethylene resin. The company was incorporated in 1880 and is headquartered in Calgary, Canada. Imperial Oil Limited is a subsidiary of Exxon Mobil Corporation.

IMO Income Statement

2022-12-31

Consolidated statement of income (U.S. GAAP) - CAD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenues and other income
Revenues	$ 59,413	$ 37,508	$ 22,284
Investment and other income (note 8, 18)	257	82	104
Total revenues and other income	59,670	37,590	22,388
Expenses
Exploration (note 15)	5	32	13
Purchase of crude oil and products	37,742	23,174	13,293
Production and manufacturing (note 11)	7,404	6,316	5,535
Selling and general	882	784	741
Federal excise tax and fuel charge	2,179	1,928	1,736
Depreciation and depletion (includes impairments) (note 2, 11)	1,897	1,977	3,293
Non-service pension and postretirement benefit	17	42	121
Financing	60	54	64
Total expenses	50,186	34,307	24,796
Income (loss) before income taxes	9,484	3,283	(2,408)
Income taxes (note 3)	2,144	804	(551)
Net income (loss)	$ 7,340	$ 2,479	$ (1,857)
Per share information (Canadian dollars)
Net income (loss) per common share - basic (note 10) (in CAD per share)	$ 11.47	$ 3.48	$ (2.53)
Net income (loss) per common share - diluted (note 10) (in CAD per share)	$ 11.44	$ 3.48	$ (2.53)

IMO Balance Sheet

2022-12-31

Consolidated balance sheet (U.S. GAAP) - CAD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents	$ 3,749	$ 2,153
Accounts receivable - net	4,719	3,869
Inventories of crude oil and products (note 11)	1,514	1,102
Materials, supplies and prepaid expenses	754	689
Total current assets	10,736	7,813
Investments and long-term receivables	893	757
Property, plant and equipment, less accumulated depreciation and depletion (note 18)	30,506	31,240
Goodwill	166	166
Other assets, including intangibles - net	1,223	806
Total assets	43,524	40,782
Current liabilities
Notes and loans payable (note 12)	122	122
Accounts payable and accrued liabilities (note 11)	6,194	5,184
Income taxes payable	2,582	248
Total current liabilities	8,898	5,554
Long-term debt (note 14)	4,033	5,054
Other long-term obligations (note 5)	3,467	3,897
Deferred income tax liabilities (note 3)	4,713	4,542
Total liabilities	21,111	19,047
Commitments and contingent liabilities (note 9)
Shareholders’ equity
Common shares at stated value (note 10)	1,079	1,252
Earnings reinvested	21,846	21,660
Accumulated other comprehensive income (loss) (note 17)	(512)	(1,177)
Total shareholders’ equity	22,413	21,735
Total liabilities and shareholders’ equity	$ 43,524	$ 40,782