Imperial Brands PLC (IMB) - Net Assets
Based on the latest financial reports, Imperial Brands PLC (IMB) has net assets worth GBX5.43 Billion GBX (≈ $660.92K USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX28.71 Billion ≈ $3.49 Million USD) and total liabilities (GBX23.28 Billion ≈ $2.83 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check IMB asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX5.43 Billion |
| % of Total Assets | 18.92% |
| Annual Growth Rate | 11.92% |
| 5-Year Change | -8.55% |
| 10-Year Change | -5.4% |
| Growth Volatility | 137.05 |
Imperial Brands PLC - Net Assets Trend (1991–2025)
This chart illustrates how Imperial Brands PLC's net assets have evolved over time, based on quarterly financial data. Also explore Imperial Brands PLC asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Imperial Brands PLC (1991–2025)
The table below shows the annual net assets of Imperial Brands PLC from 1991 to 2025. For live valuation and market cap data, see how much is Imperial Brands PLC worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | GBX5.43 Billion ≈ $660.92K |
-9.90% |
| 2024-09-30 | GBX6.03 Billion ≈ $733.55K |
-9.23% |
| 2023-09-30 | GBX6.64 Billion ≈ $808.14K |
-11.12% |
| 2022-09-30 | GBX7.47 Billion ≈ $909.25K |
+25.81% |
| 2021-09-30 | GBX5.94 Billion ≈ $722.73K |
+7.65% |
| 2020-09-30 | GBX5.52 Billion ≈ $671.38K |
-1.18% |
| 2019-09-30 | GBX5.58 Billion ≈ $679.41K |
-13.36% |
| 2018-09-30 | GBX6.45 Billion ≈ $784.17K |
+3.52% |
| 2017-09-30 | GBX6.23 Billion ≈ $757.52K |
+8.43% |
| 2016-09-30 | GBX5.74 Billion ≈ $698.64K |
+0.81% |
| 2015-09-30 | GBX5.70 Billion ≈ $693.04K |
+4.27% |
| 2014-09-30 | GBX5.46 Billion ≈ $664.69K |
-3.28% |
| 2013-09-30 | GBX5.65 Billion ≈ $687.20K |
-7.17% |
| 2012-09-30 | GBX6.08 Billion ≈ $740.25K |
-21.09% |
| 2011-09-30 | GBX7.71 Billion ≈ $938.08K |
+8.76% |
| 2010-09-30 | GBX7.09 Billion ≈ $862.53K |
+7.49% |
| 2009-09-30 | GBX6.59 Billion ≈ $802.42K |
+3.76% |
| 2008-09-30 | GBX6.36 Billion ≈ $773.34K |
+457.06% |
| 2007-09-30 | GBX1.14 Billion ≈ $138.83K |
+90.80% |
| 2006-09-30 | GBX598.00 Million ≈ $72.76K |
-15.18% |
| 2005-09-30 | GBX705.00 Million ≈ $85.78K |
+418.38% |
| 2004-09-30 | GBX136.00 Million ≈ $16.55K |
+130.51% |
| 2003-09-30 | GBX59.00 Million ≈ $7.18K |
+178.67% |
| 2002-09-30 | GBX-75.00 Million ≈ $-9.13K |
+93.19% |
| 2001-09-30 | GBX-1.10 Billion ≈ $-133.96K |
+13.92% |
| 2000-09-30 | GBX-1.28 Billion ≈ $-155.62K |
+13.35% |
| 1999-09-30 | GBX-1.48 Billion ≈ $-179.59K |
+11.14% |
| 1998-09-30 | GBX-1.66 Billion ≈ $-202.10K |
-54.22% |
| 1997-09-30 | GBX-1.08 Billion ≈ $-131.04K |
-275.98% |
| 1996-09-30 | GBX612.00 Million ≈ $74.46K |
+44.00% |
| 1995-09-30 | GBX425.00 Million ≈ $51.71K |
+269.57% |
| 1994-09-30 | GBX115.00 Million ≈ $13.99K |
-58.63% |
| 1993-09-30 | GBX278.00 Million ≈ $33.82K |
+93.06% |
| 1992-09-30 | GBX144.00 Million ≈ $17.52K |
+22.03% |
| 1991-09-30 | GBX118.00 Million ≈ $14.36K |
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Equity Component Analysis
This analysis shows how different components contribute to Imperial Brands PLC's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 1281.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | GBX87.00 Million | 1.80% |
| Other Comprehensive Income | GBX89.00 Million | 1.84% |
| Other Components | GBX5.85 Billion | 121.33% |
| Total Equity | GBX4.82 Billion | 100.00% |
Imperial Brands PLC Competitors by Market Cap
The table below lists competitors of Imperial Brands PLC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SC Asset Corporation Public Company Limited
BK:SC
|
$266.64 Million |
|
Blue Water Acquisition Corp. III Class A Ordinary Shares
NASDAQ:BLUW
|
$266.85 Million |
|
Eaton Vance National Municipal Opportunities Closed Fund
NYSE:EOT
|
$266.87 Million |
|
Kiri Industries Limited
NSE:KIRIINDUS
|
$266.95 Million |
|
Cohen Circle Acquisition Corp. II Class A Ordinary Shares
NASDAQ:CCII
|
$266.57 Million |
|
Xxentria Technology Materials Co Ltd
TWO:8942
|
$266.25 Million |
|
Bank Multiarta Sentosa PT
JK:MASB
|
$266.17 Million |
|
2Seventy Bio Inc
NASDAQ:TSVT
|
$266.14 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Imperial Brands PLC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 5,442,000,000 to 4,824,000,000, a change of -618,000,000 (-11.4%).
- Net income of 2,071,000,000 contributed positively to equity growth.
- Dividend payments of 1,558,000,000 reduced retained earnings.
- Share repurchases of 1,235,000,000 reduced equity.
- Other comprehensive income increased equity by 108,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX2.07 Billion | +42.93% |
| Dividends Paid | GBX1.56 Billion | -32.3% |
| Share Repurchases | GBX1.24 Billion | -25.6% |
| Other Comprehensive Income | GBX108.00 Million | +2.24% |
| Other Changes | GBX-4.00 Million | -0.08% |
| Total Change | GBX- | -11.36% |
Book Value vs Market Value Analysis
This analysis compares Imperial Brands PLC's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 484.95x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 17189.97x to 484.95x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1991-09-30 | GBX0.16 | GBX2816.50 | x |
| 1992-09-30 | GBX0.20 | GBX2816.50 | x |
| 1993-09-30 | GBX0.39 | GBX2816.50 | x |
| 1994-09-30 | GBX0.16 | GBX2816.50 | x |
| 1995-09-30 | GBX0.59 | GBX2816.50 | x |
| 1996-09-30 | GBX0.85 | GBX2816.50 | x |
| 1997-09-30 | GBX-1.50 | GBX2816.50 | x |
| 1998-09-30 | GBX-2.31 | GBX2816.50 | x |
| 1999-09-30 | GBX-2.05 | GBX2816.50 | x |
| 2000-09-30 | GBX-1.78 | GBX2816.50 | x |
| 2001-09-30 | GBX-1.56 | GBX2816.50 | x |
| 2002-09-30 | GBX-0.12 | GBX2816.50 | x |
| 2003-09-30 | GBX0.05 | GBX2816.50 | x |
| 2004-09-30 | GBX0.14 | GBX2816.50 | x |
| 2005-09-30 | GBX0.82 | GBX2816.50 | x |
| 2006-09-30 | GBX0.72 | GBX2816.50 | x |
| 2007-09-30 | GBX1.24 | GBX2816.50 | x |
| 2008-09-30 | GBX7.42 | GBX2816.50 | x |
| 2009-09-30 | GBX6.44 | GBX2816.50 | x |
| 2010-09-30 | GBX6.91 | GBX2816.50 | x |
| 2011-09-30 | GBX7.53 | GBX2816.50 | x |
| 2012-09-30 | GBX6.05 | GBX2816.50 | x |
| 2013-09-30 | GBX5.73 | GBX2816.50 | x |
| 2014-09-30 | GBX5.28 | GBX2816.50 | x |
| 2015-09-30 | GBX5.57 | GBX2816.50 | x |
| 2016-09-30 | GBX5.55 | GBX2816.50 | x |
| 2017-09-30 | GBX5.94 | GBX2816.50 | x |
| 2018-09-30 | GBX6.04 | GBX2816.50 | x |
| 2019-09-30 | GBX5.17 | GBX2816.50 | x |
| 2020-09-30 | GBX5.15 | GBX2816.50 | x |
| 2021-09-30 | GBX5.65 | GBX2816.50 | x |
| 2022-09-30 | GBX7.20 | GBX2816.50 | x |
| 2023-09-30 | GBX6.49 | GBX2816.50 | x |
| 2024-09-30 | GBX6.23 | GBX2816.50 | x |
| 2025-09-30 | GBX5.81 | GBX2816.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Imperial Brands PLC utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 42.93%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.44%
- • Asset Turnover: 1.12x
- • Equity Multiplier: 5.95x
- Recent ROE (42.93%) is below the historical average (90.36%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1991 | 214.41% | 9.48% | 1.68x | 13.43x | GBX241.20 Million |
| 1992 | 195.14% | 9.43% | 1.59x | 13.05x | GBX266.60 Million |
| 1993 | 103.96% | 9.41% | 1.50x | 7.37x | GBX261.20 Million |
| 1994 | 281.74% | 9.96% | 1.37x | 20.71x | GBX312.50 Million |
| 1995 | 72.94% | 41.50% | 0.27x | 6.52x | GBX267.50 Million |
| 1996 | 56.70% | 9.08% | 3.37x | 1.85x | GBX285.80 Million |
| 1997 | 0.00% | 5.47% | 4.03x | 0.00x | GBX319.70 Million |
| 1998 | 0.00% | 5.73% | 3.74x | 0.00x | GBX397.10 Million |
| 1999 | 0.00% | 6.39% | 3.44x | 0.00x | GBX434.60 Million |
| 2000 | 0.00% | 6.19% | 3.41x | 0.00x | GBX450.90 Million |
| 2001 | 0.00% | 5.91% | 3.16x | 0.00x | GBX462.20 Million |
| 2002 | 0.00% | 3.28% | 1.28x | 0.00x | GBX281.20 Million |
| 2003 | 1052.50% | 3.69% | 1.65x | 173.20x | GBX417.00 Million |
| 2004 | 377.12% | 4.04% | 1.71x | 54.48x | GBX433.20 Million |
| 2005 | 114.29% | 6.97% | 1.68x | 9.76x | GBX715.40 Million |
| 2006 | 146.98% | 7.29% | 1.63x | 12.34x | GBX793.10 Million |
| 2007 | 80.95% | 7.33% | 1.37x | 8.06x | GBX793.20 Million |
| 2008 | 6.79% | 2.08% | 0.70x | 4.64x | GBX-202.70 Million |
| 2009 | 10.14% | 2.50% | 0.83x | 4.90x | GBX9.20 Million |
| 2010 | 21.41% | 5.34% | 0.92x | 4.36x | GBX802.10 Million |
| 2011 | 23.46% | 6.15% | 0.96x | 3.99x | GBX1.03 Billion |
| 2012 | 11.23% | 2.37% | 1.03x | 4.58x | GBX74.50 Million |
| 2013 | 16.18% | 3.20% | 0.99x | 5.08x | GBX345.80 Million |
| 2014 | 28.08% | 5.37% | 1.02x | 5.11x | GBX915.50 Million |
| 2015 | 31.74% | 6.69% | 0.84x | 5.66x | GBX1.16 Billion |
| 2016 | 11.88% | 2.28% | 0.84x | 6.16x | GBX99.90 Million |
| 2017 | 24.79% | 4.66% | 0.98x | 5.45x | GBX840.60 Million |
| 2018 | 23.71% | 4.55% | 0.97x | 5.35x | GBX791.00 Million |
| 2019 | 20.46% | 3.20% | 0.96x | 6.70x | GBX516.30 Million |
| 2020 | 30.69% | 4.59% | 1.01x | 6.63x | GBX1.01 Billion |
| 2021 | 52.95% | 8.64% | 1.13x | 5.44x | GBX2.30 Billion |
| 2022 | 22.89% | 4.82% | 1.05x | 4.51x | GBX884.00 Million |
| 2023 | 38.66% | 7.17% | 1.10x | 4.90x | GBX1.73 Billion |
| 2024 | 48.02% | 8.06% | 1.16x | 5.11x | GBX2.07 Billion |
| 2025 | 42.93% | 6.44% | 1.12x | 5.95x | GBX1.59 Billion |
Industry Comparison
This section compares Imperial Brands PLC's net assets metrics with peer companies in the Tobacco industry.
Industry Context
- Industry: Tobacco
- Average net assets among peers: $8,406,000,000
- Average return on equity (ROE) among peers: 55.29%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Imperial Brands PLC (IMB) | GBX5.43 Billion | 214.41% | 4.29x | $266.62 Million |
| British American Tobacco PLC (BATS) | $8.41 Billion | 55.29% | 3.73x | $1.14 Billion |
About Imperial Brands PLC
Imperial Brands PLC, together with its subsidiaries, manufactures, imports, markets, and sells tobacco and tobacco-related products in Europe, the Americas, Africa, the Asia, Australasia, and internationally. It offers a range of cigarettes, tobacco accessories, vapour, heated tobacco, and oral nicotine. The company sells its products under various brands, including JPS, Davidoff, Gauloises, West… Read more