Imperial Oil Limited
Imperial Oil Limited was incorporated under the laws of Canada in 1880 and was continued under the Canada Business Corporations Act (the "CBCA") by certificate of continuance dated April 24, 1978. The head and principal office of the company is located at 505 Quarry Park Boulevard S.E., Calgary, Alberta, Canada T2C 5N1.
$133.94
+$2.10 (+1.59%)
Live
Operating margin is thin at 9.05%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 8.6% YoY. Margins deteriorated 3.1pp alongside, both lines moving the wrong way.
ROIC dropped from 17.64% to 12.05%, capital efficiency is deteriorating. Operating margin contracted 3.1pp YoY, cost discipline may be slipping.
21.9x earnings, 18.0x FCF. Valuation is in a reasonable range. The main question is whether the business can re-accelerate or if current trajectory is already priced in.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
C$51.84B
▼ -8.6% YoY
Net Income (TTM)
C$4.16B
▼ -31.8% YoY
Op. Margin
10.46%
▼ -3.1pp YoY
ROIC
15.11%
▼ -5.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
C$5.04B
▲ +14.3% YoY
Op. Cash Flow (TTM)
C$7.18B
▲ +12.2% YoY
Net Debt
C$1.36B
Cash & Equiv.
C$2.84B
5Y CAGR: +16.0%
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SourceComputed from the 10-Q filed 30 Jun 2026, covering the period ending 30 Jun 2026, as reported to the SEC. Data last refreshed 14 Oct 2026. How this is calculated.
Price from market data, live as of 23 Oct 2026. Fiscal year ends Dec. Sector medians are approximate S&P 500 benchmarks and update periodically.
Is Imperial Oil (IMO) overvalued?
At a P/E of 21.9 and a price-to-free-cash-flow of 18.0, Imperial Oil (IMO) trades below a two-stage DCF intrinsic value of about C$187.25 per share, so at C$133.94 the stock looks undervalued (39.8% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Imperial Oil scores 49/100 on Intrinsiqq's quality scorecard (a mixed business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 1.7%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
What is Imperial Oil's fair value?+
Intrinsiqq's two-stage DCF estimates an intrinsic value of about C$187.25 per share for IMO, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around C$140.44. At today's C$133.94, that puts the stock about 39.8% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Is Imperial Oil a high-quality business?+
Imperial Oil scores 49 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a mixed business on these measures. Recent fundamentals include a 10.5% operating margin and a 15.1% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Does Imperial Oil (IMO) pay a dividend, and how much?+
Yes, Imperial Oil pays a regular dividend of about C$3.09 per share per year (typically in quarterly installments), a yield of roughly 1.7% at the current price. That is a payout ratio of about 36.0% of earnings, so the dividend is amply covered by earnings. Imperial Oil has grown the dividend at roughly 18.7% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For IMO's full payout history, growth streak and dividend-safety score, see the dividends tab.
Is Imperial Oil a good stock to buy right now?+
That depends on valuation and quality together, not either alone. IMO currently trades below its estimated intrinsic value and scores 49/100 on quality (mixed). It also yields about 1.7%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.
Related stocks: Petroleum Refining
Spot a number that looks wrong? Check it in IMO's SEC filings or
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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