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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.
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.
Profitability & Returns
Revenue (TTM)
C$47.01B
▼ -8.6% YoY
Net Income (TTM)
C$2.92B
▼ -31.8% YoY
Op. Margin
8.10%
▼ -3.1pp YoY
ROIC
10.56%
▼ -5.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
C$3.85B
▲ +14.3% YoY
Op. Cash Flow (TTM)
C$5.94B
▲ +12.2% YoY
Net Debt
C$3.19B
Cash & Equiv.
C$1.03B
5Y CAGR: +16.0%
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