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Imperial Oil (TSX:IMO) Intrinsic Value: Projected FCF : C$146.59 (As of Jun. 25, 2025)


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What is Imperial Oil Intrinsic Value: Projected FCF?

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2025-06-25), Imperial Oil's Intrinsic Value: Projected FCF is C$146.59. The stock price of Imperial Oil is C$109.90. Therefore, Imperial Oil's Price-to-Intrinsic-Value-Projected-FCF of today is 0.8.

The historical rank and industry rank for Imperial Oil's Intrinsic Value: Projected FCF or its related term are showing as below:

TSX:IMO' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.41   Med: 0.89   Max: 5.53
Current: 0.75

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Imperial Oil was 5.53. The lowest was 0.41. And the median was 0.89.

TSX:IMO's Price-to-Projected-FCF is ranked worse than
50.54% of 647 companies
in the Oil & Gas industry
Industry Median: 0.73 vs TSX:IMO: 0.75

Imperial Oil Intrinsic Value: Projected FCF Historical Data

The historical data trend for Imperial Oil's Intrinsic Value: Projected FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Imperial Oil Intrinsic Value: Projected FCF Chart

Imperial Oil Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 37.23 54.58 104.88 123.14 140.16

Imperial Oil Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Intrinsic Value: Projected FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 127.48 131.13 134.18 140.16 146.59

Competitive Comparison of Imperial Oil's Intrinsic Value: Projected FCF

For the Oil & Gas Integrated subindustry, Imperial Oil's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Imperial Oil's Price-to-Projected-FCF Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Imperial Oil's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Imperial Oil's Price-to-Projected-FCF falls into.


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Imperial Oil Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get Imperial Oil's Free Cash Flow(6 year avg) = C$3,718.24.

Imperial Oil's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Mar25)*0.8)/Shares Outstanding (Diluted Average)
=(14.862653310476*3718.24+24411*0.8)/510.200
=146.59

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Imperial Oil  (TSX:IMO) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

Imperial Oil's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=109.90/146.59292835191
=0.75

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Imperial Oil Intrinsic Value: Projected FCF Related Terms

Thank you for viewing the detailed overview of Imperial Oil's Intrinsic Value: Projected FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Imperial Oil Business Description

Industry
Traded in Other Exchanges
Address
505 Quarry Park Boulevard S.E, Calgary, AB, CAN, T2C 5N1
Imperial Oil Ltd is an integrated oil company active in all phases of the petroleum industry in Canada, including the exploration for, and production and sale of, crude oil, natural gas, petroleum products, and petrochemicals. It also pursues lower-emission business opportunities, including carbon capture and storage, hydrogen, lower-emission fuels, and lithium. The company's reportable segments are Upstream, Downstream, and Chemical. Maximum revenue for the company is generated from its Downstream segment, which refines crude oil into petroleum products and distributes and market these products. The Upstream segment explores and produces crude oil, its equivalents, and natural gas, and the Chemical segment manufactures and markets hydrocarbon-based chemicals and chemical products.
Executives
Bradley William Corson Director, Senior Officer
Bruce Jolly Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Christopher Stephen Leyerzapf Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Denise Helen Hughes Senior Officer