IMI PLC (GB:IMI)
LSE:IMI
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IMI plc
(LSE:IMI)
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Rating:71Outperform
Price Target:
2,877.00 p
▲(1.02% Upside)
Action:ReiteratedDate:04/05/26
The score is driven primarily by strong financial performance (rising margins, strong ROE, and improving leverage), offset by weaker near-term technical momentum and a valuation that is not notably cheap given a modest dividend yield.
Positive Factors
Revenue and Margin Momentum
A large revenue acceleration in 2025 alongside rising net and operating margins indicates improving demand and operational leverage across IMI’s engineered-products and aftermarket businesses. Sustained margin expansion supports durable profitability and cash generation over the medium term.
Negative Factors
2025 Revenue Spike Sustainability
An unusually large one‑year revenue jump can reflect project timing, large contracts or one-offs that are hard to replicate. If growth reverts to prior trends, margins and profit growth may normalize, making near-term performance difficult to sustain without new structural wins.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and Margin Momentum
A large revenue acceleration in 2025 alongside rising net and operating margins indicates improving demand and operational leverage across IMI’s engineered-products and aftermarket businesses. Sustained margin expansion supports durable profitability and cash generation over the medium term.
Read all positive factors
IMI plc (IMI) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£6.79B
Dividend Yield1.29%
Average Volume (3M)617.01K
Price to Earnings (P/E)20.0
Beta (1Y)1.21
Revenue Growth-0.32%
EPS Growth-3.96%
CountryUK
Employees10,352
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)0.75
Shares Outstanding242,906,070
10 Day Avg. Volume799,914
30 Day Avg. Volume617,009
Financial Highlights & Ratios
PEG Ratio0.69
Price to Book (P/B)5.59
Price to Sales (P/S)2.69
P/FCF Ratio20.62
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£3,022.86Price Target Upside6.14% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
EPS Forecast (FY)1.4
Revenue Forecast (FY)£2.37B
IMI plc Business Overview & Revenue Model
Company Description
IMI plc, a specialist engineering company, designs, manufactures, and services engineered products worldwide. The company operates through three divisions: IMI Precision Engineering, IMI Critical Engineering, and IMI Hydronic Engineering. The IMI ...
How the Company Makes Money
IMI primarily makes money by selling engineered products and related services that help customers control, regulate, and manage fluid flows in demanding industrial and building environments. Revenue is generated through (1) project and original eq...
IMI plc Earnings Call Summary
Earnings Call Date:Aug 01, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Jul 31, 2026
Earnings Call Sentiment Neutral
The call highlighted IMI's solid performance in the face of challenges, including organic growth in sales and profits, strong order intake, and effective recovery from a cyber attack. However, it also noted the negative impact of the cyber incident, declines in specific divisions, and ongoing challenges in certain markets.Positive Updates
Organic Sales and Profit Growth
IMI achieved 2% organic sales growth and 5% organic adjusted operating profit growth in the first half of 2025, with adjusted operating margins rising by 30 basis points.
Negative Updates
Impact of Cyber Attack
The company recognized a one-off exceptional charge of $25.4 million related to IT system recovery and infrastructure upgrades following a cyber attack.
Read all updates
Q2-2025 Updates
Positive
Negative
Organic Sales and Profit Growth
IMI achieved 2% organic sales growth and 5% organic adjusted operating profit growth in the first half of 2025, with adjusted operating margins rising by 30 basis points.
Read all positive updates
Company Guidance
During the call, IMI reconfirmed its guidance for 2025, expecting to achieve its fourth consecutive year of mid-single-digit organic revenue growth. The company anticipates full-year adjusted basic earnings per share (EPS) to range between 129p and 136p. The adjusted operating margin is projected to be around 20%, with the interest charge slightly higher than prior guidance. The tax rate is expected to increase to approximately 25%, while the weighted average number of shares is predicted to reduce to 249 million at year-end. Despite currency fluctuations presenting a 1.5% headwind to profits, IMI remains on track to deliver on its financial targets, supported by strong order books in Process Automation, Climate, and Industrial Automation sectors.IMI plc Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
78
Positive
Cash Flow
74
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.30B | 2.21B | 2.20B | 2.05B | 1.87B |
| Gross Profit | 1.07B | 1.04B | 1.01B | 900.40M | 836.20M |
| EBITDA | 519.00M | 473.90M | 457.60M | 431.40M | 358.60M |
| Net Income | 309.90M | 248.50M | 237.30M | 226.30M | 196.30M |
Balance Sheet | |||||
| Total Assets | 2.48B | 2.49B | 2.47B | 2.52B | 2.17B |
| Cash, Cash Equivalents and Short-Term Investments | 114.90M | 150.00M | 108.20M | 135.00M | 97.50M |
| Total Debt | 643.70M | 695.50M | 745.10M | 945.00M | 717.40M |
| Total Liabilities | 1.37B | 1.41B | 1.44B | 1.61B | 1.39B |
| Stockholders Equity | 1.11B | 1.09B | 1.03B | 905.60M | 779.10M |
Cash Flow | |||||
| Free Cash Flow | 300.90M | 280.10M | 283.30M | 193.20M | 199.60M |
| Operating Cash Flow | 399.50M | 371.60M | 363.20M | 264.50M | 257.10M |
| Investing Cash Flow | -81.80M | -58.00M | -69.10M | -278.00M | -234.40M |
| Financing Cash Flow | -308.60M | -276.20M | -276.40M | 24.50M | -109.40M |
IMI plc Technical Analysis
Positive
2848.00
Price Trends
2742.71
Positive
2635.34
Positive
2446.74
Positive
Market Momentum
33.17
Negative
60.73
Neutral
92.13
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:IMI, the sentiment is Positive. The current price of 2848 is above the 20-day moving average (MA) of 2671.85, above the 50-day MA of 2742.71, and above the 200-day MA of 2446.74, indicating a bullish trend. The MACD of 33.17 indicates Negative momentum. The RSI at 60.73 is Neutral, neither overbought nor oversold. The STOCH value of 92.13 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:IMI.
IMI plc Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | £6.79B | 20.02 | 24.91% | 1.29% | -0.32% | -3.96% | |
71 Outperform | £959.73M | 15.43 | 33.12% | 1.01% | 24.42% | 103.25% | |
67 Neutral | £2.67B | 23.57 | 20.10% | 2.04% | 1.93% | -15.07% | |
64 Neutral | £7.67B | 15.58 | 13.46% | 1.93% | -6.93% | 18.57% | |
64 Neutral | £7.90B | 29.74 | 13.42% | 1.26% | -1.97% | 40.55% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
60 Neutral | £5.46B | 30.76 | 13.86% | 2.46% | 0.10% | -15.33% |
* Industrials Sector Average
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IMI plc Corporate Events
Business Operations and StrategyStock Buyback
IMI plc Cancels Further Shares After £2.7k Buyback Tranche
Positive
Apr 9, 2026
IMI plc has continued its share buyback activity, repurchasing 93,594 ordinary shares on 8 April 2026 through J.P. Morgan Securities at an average price of about 2,706 pence per share, with prices ranging between 2,688 pence and 2,714 pence. The s...
Regulatory Filings and Compliance
IMI Updates Share Capital and Voting Rights Total
Neutral
Apr 1, 2026
IMI plc reported that, as at 31 March 2026, it had issued 257,100,008 ordinary shares, of which 12,648,836 are held in treasury and do not carry voting rights. This leaves a total of 244,451,172 voting rights, a key reference figure investors must...
Regulatory Filings and Compliance
IMI COO Jun Hu Sells 10,000 Shares in Market-Notified Transaction
Neutral
Apr 1, 2026
IMI plc disclosed that its Chief Operating Officer, Jun Hu, has conducted a transaction involving the company’s ordinary shares. The move was reported as required under market abuse regulations governing dealings by senior executives and the...
Stock BuybackRegulatory Filings and Compliance
IMI trims share count with £13m buyback, updates voting rights
Positive
Apr 1, 2026
IMI plc has repurchased 511,000 of its ordinary shares on 31 March 2026 through J.P. Morgan Securities plc, paying an average price of 2,557.8688 pence per share and a maximum of 2,620 pence. Following cancellation of these shares, IMI’s sha...
Executive/Board Changes
IMI executives boost shareholdings through 2023 incentive plan awards
Neutral
Mar 31, 2026
IMI plc has disclosed a series of equity transactions by senior executives and a closely associated person involving the exercise and partial sale of share awards under the company’s 2023 Incentive Plan. Chief executive Roy Twite, CFO Luke G...
Financial DisclosuresRegulatory Filings and ComplianceShareholder Meetings
IMI Publishes 2025 Annual Report and Sets Date for 2026 AGM
Neutral
Mar 31, 2026
IMI plc has published its 2025 Annual Report and Accounts and issued the formal Notice and proxy materials for its 2026 Annual General Meeting, making these documents available to shareholders both online and in hard copy where requested. The AGM ...
Business Operations and StrategyStock Buyback
IMI trims share count with £12.5m buyback to boost EPS
Positive
Mar 31, 2026
IMI plc has repurchased 481,000 of its ordinary shares for cancellation at an average price of 2,602.2054 pence per share, executed through J.P. Morgan Securities on 30 March 2026 across the London Stock Exchange and BATS venues. Following the can...
Business Operations and StrategyStock Buyback
IMI plc cuts share count with latest buyback tranche
Positive
Mar 30, 2026
IMI plc has continued its share buyback activity, repurchasing 225,500 ordinary shares on 27 March 2026 through J.P. Morgan Securities at an average price of 2,617.9775 pence per share for cancellation. The trades were executed on the London Stock...
Business Operations and StrategyStock Buyback
IMI plc Further Reduces Share Count with Targeted Buyback
Positive
Mar 27, 2026
IMI plc has continued its share buyback activity, repurchasing 111,374 ordinary shares on 26 March 2026 via J.P. Morgan Securities at an average price of 2,684.2779 pence for cancellation. The move marginally reduces the company’s share capi...
Business Operations and StrategyStock Buyback
IMI plc Buys Back 335,644 Shares, Trimming Free Float and Voting Rights
Positive
Mar 26, 2026
IMI plc has continued its share buyback activity, purchasing 335,644 ordinary shares for cancellation on 25 March 2026 at an average price of 2,712.3523 pence, through J.P. Morgan Securities on the London Stock Exchange and BATS venues. Following ...
Stock Buyback
IMI plc Cancels 411,886 Shares After Latest Buyback Transaction
Positive
Mar 25, 2026
IMI plc has bought back 411,886 of its own ordinary shares for cancellation on 24 March 2026, at a volume-weighted average price of 2,639.2674 pence per share, with trades executed on the London Stock Exchange and BATS via J.P. Morgan Securities. ...
Business Operations and StrategyStock Buyback
IMI plc Buys Back 386,465 Shares, Trimming Free Float and Voting Rights
Positive
Mar 24, 2026
IMI plc has repurchased 386,465 of its ordinary shares for cancellation, at an average price of 2,602.0492 pence per share, with trades executed on 23 March 2026 through J.P. Morgan Securities on the London Stock Exchange and BATS. Following settl...
Executive/Board Changes
IMI Awards Nil-Cost Performance Shares to Senior Executives
Neutral
Mar 23, 2026
IMI plc has granted a series of nil-cost share awards to its senior leadership under the IMI Incentive Plan, reinforcing its equity-based remuneration framework. The grants cover ordinary shares awarded to Chief Executive Officer Roy Twite, Chief ...
Business Operations and StrategyStock Buyback
IMI plc Buys Back 115,132 Shares, Tightening Free Float and Voting Base
Positive
Mar 23, 2026
IMI plc has continued its share buyback programme, purchasing 115,132 ordinary shares on 20 March 2026 via J.P. Morgan Securities at an average price of 2,582.4608 pence, with the shares to be cancelled. Following this transaction, IMI’s sha...
Executive/Board Changes
IMI director Anne Thorburn takes non-executive role at OEM International
Positive
Mar 20, 2026
IMI plc has announced that its Non-executive Director and Senior Independent Director, Anne Thorburn, has accepted a nomination to join the board of OEM International AB in Sweden as a Non-executive Director. The external appointment underscores T...
Business Operations and StrategyStock Buyback
IMI plc Buys Back 110,500 Shares, Trimming Voting Share Capital
Positive
Mar 20, 2026
IMI plc has continued its share buyback activity, repurchasing 110,500 ordinary shares on 19 March 2026 through J.P. Morgan Securities at an average price of 2,629.5709 pence per share for cancellation. The highest and lowest prices paid were 2,67...
Business Operations and StrategyStock Buyback
IMI plc Buys Back 111,043 Shares, Trims Voting Capital
Positive
Mar 19, 2026
IMI plc has repurchased 111,043 of its ordinary shares for cancellation on 18 March 2026, at an average price of 2,726.7985 pence per share executed via J.P. Morgan Securities on the London Stock Exchange. Following this transaction, IMI’s s...
Business Operations and StrategyStock Buyback
IMI Tightens Free Float With Targeted Share Buyback
Positive
Mar 18, 2026
IMI plc has repurchased 111,685 of its ordinary shares on 17 March 2026, at a volume-weighted average price of 2,673.7619 pence, with the shares bought through J.P. Morgan Securities and cancelled. Following this transaction, IMI’s total sha...
Business Operations and StrategyStock Buyback
IMI plc Cancels 114,000 Shares in Ongoing Buyback Programme
Positive
Mar 17, 2026
IMI plc has continued its share buyback activity, repurchasing 114,000 ordinary shares on 16 March 2026 via J.P. Morgan Securities at a volume-weighted average price of 2,664.76 pence. The transaction forms part of the company’s capital mana...
Business Operations and StrategyStock Buyback
IMI Reduces Share Count with Latest £3m Buyback Tranche
Positive
Mar 17, 2026
IMI plc has repurchased 114,000 of its ordinary shares on 16 March 2026 via J.P. Morgan Securities at an average price of 2,664.7579 pence per share, with the shares bought for cancellation. Following settlement and cancellation, IMI’s total...
Business Operations and StrategyStock Buyback
IMI plc Buys Back Over 108,000 Shares, Trimming Equity Base
Positive
Mar 16, 2026
IMI plc has continued its share buyback activity, purchasing 108,368 ordinary shares on 13 March 2026 at an average price of 2,687.2539 pence per share for cancellation. The move reduces the total shares in issue to 259,114,344, of which 12,648,83...
Business Operations and StrategyStock Buyback
IMI trims share count with latest buyback, reducing voting rights in issue
Positive
Mar 13, 2026
IMI plc has continued its capital management programme by repurchasing 108,500 of its own ordinary shares on 12 March 2026 via J.P. Morgan Securities at an average price of 2,762.5731 pence per share, with the shares to be cancelled. Following set...
Business Operations and StrategyStock Buyback
IMI plc Cancels 108,500 Shares in Ongoing Buyback Programme
Positive
Mar 13, 2026
IMI plc has continued its share buyback activity, purchasing 108,500 ordinary shares on 12 March 2026 via J.P. Morgan Securities at an average price of 2,762.5731 pence, with the shares to be cancelled. Following this transaction, IMI will have 25...
Business Operations and StrategyStock Buyback
IMI plc shrinks share base with latest buyback tranche
Positive
Mar 12, 2026
IMI plc has executed a share buyback transaction, repurchasing 108,100 ordinary shares on 11 March 2026 via J.P. Morgan Securities at an average price of 2,755.4744 pence, for cancellation. Following settlement and the cancellation of these shares...
Regulatory Filings and Compliance
IMI executives buy shares under employee ownership plan
Neutral
Mar 11, 2026
IMI plc has disclosed that chief executive officer Roy Twite, chief financial officer Luke Grant and chief people officer Elizabeth Rose each acquired ordinary shares in the company on 10 March 2026. The purchases were made at £27.90 per shar...
Business Operations and StrategyStock Buyback
IMI trims share count with latest 110,000-share buyback
Positive
Mar 11, 2026
IMI plc has continued its share buyback activity, purchasing 110,000 ordinary shares on 10 March 2026 via J.P. Morgan Securities at an average price of 2,794.27 pence, with the shares to be cancelled. Following this transaction, IMI’s share ...
Business Operations and StrategyStock Buyback
IMI Reduces Share Count with Further Buyback Tranche
Positive
Mar 10, 2026
IMI plc has executed a further tranche of its share buyback programme, repurchasing 110,500 ordinary shares on 9 March 2026 at an average price of 2,724.0491 pence per share for cancellation. Following settlement and cancellation, the company will...
Business Operations and StrategyStock Buyback
IMI plc Cancels 110,500 Shares in Latest Buyback Move
Positive
Mar 10, 2026
IMI plc has repurchased 110,500 of its ordinary shares on 9 March 2026 through J.P. Morgan Securities at an average price of 2,724.0491 pence, with prices ranging between 2,698 and 2,744 pence per share. The repurchased shares will be cancelled, r...
Regulatory Filings and Compliance
IMI plc Discloses Share Purchase by Chairman’s Closely Associated Person
Positive
Mar 9, 2026
IMI plc disclosed a share purchase by a person closely associated with its non-executive director and chairman, Jamie Pike. On 6 March 2026, his spouse, Clare Pike, acquired 3,508 IMI ordinary shares at £28.48 each on the London Stock Exchang...
Business Operations and StrategyStock Buyback
IMI plc Launches £500 Million Share Buyback Programme
Positive
Mar 9, 2026
IMI plc has launched a share buyback programme of up to £500 million, aiming to purchase and cancel ordinary shares to reduce the company’s capital base. The programme, announced following a broader buyback plan unveiled on 6 March 2026...
Business Operations and StrategyStock BuybackDividendsFinancial Disclosures
IMI lifts margins, boosts payouts with £500m buyback after fifth year of organic growth
Positive
Mar 6, 2026
IMI plc reported its fifth consecutive year of mid-single digit organic revenue growth in 2025, with organic sales up 5% and organic adjusted operating profit up 8%, lifting adjusted operating margin to 20%. Statutory profit before tax rose 27%, f...
Regulatory Filings and Compliance
IMI Updates Voting Rights and Share Capital Structure
Neutral
Mar 2, 2026
IMI plc reported that its issued share capital comprises 259,658,154 ordinary shares, of which 12,648,836 are held in treasury, leaving 247,009,318 shares carrying voting rights. The company highlighted that this voting rights figure serves as the...
Other
IMI Executives Boost Holdings Through Employee Share Plan
Positive
Feb 11, 2026
IMI plc has disclosed that its chief executive officer Roy Twite, chief financial officer Luke Grant and chief people officer Elizabeth Rose have each purchased small amounts of IMI ordinary shares on the London Stock Exchange. The acquisitions, m...
Regulatory Filings and Compliance
IMI Updates Total Voting Rights and Share Capital
Neutral
Feb 2, 2026
IMI plc has reported that its issued share capital stands at 259,656,939 ordinary shares, of which 12,648,836 are held in treasury, leaving 247,008,103 shares carrying voting rights. The company highlighted that this total voting rights figure ser...
Regulatory Filings and Compliance
IMI Executives Add to Holdings Through Employee Share Plan
Positive
Jan 14, 2026
IMI plc has disclosed that three senior executives — Chief Executive Officer Roy Twite, Chief Financial Officer Luke Grant and Chief People Officer Elizabeth Rose — have each purchased small tranches of IMI ordinary shares through the ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.