IMI.LN
IMI PLC
Industrial/Transportation
06/13/2013
Presented
| Date | 06/12/2013 |
| Price | £14.69 |
| Market Cap | $6.02B |
| Ent Value | $6.27B |
| P/E Ratio | 14.6x |
| Book Value | £2.13 |
| Div Yield | N/A |
| Shares O/S | 276.31M |
| Ave Daily Vol | 577,500 |
| Short Int | N/A |
Current
| Price | £17.88 |
| Market Cap | $7.03B |
| IMI plc, through its subsidiaries, provides engineering solutions for the control and movement of fluids in critical applications worldwide. It operates in five segments: Severe Service, Fluid Power, Indoor Climate, Beverage Dispense, and Merchandising. The Severe Service segment offers critical control valves and associated equipment for power generation plants, oil and gas producers, petrochemical industries, iron and steel plants and other process industries. This segment sells its products under the CCI, BTG, IMI Nuclear, Orton, Truflo Rona, STI, Z&J, THJ, Remosa, and InterAtiva brand names. The Fluid Power segment provides motion and fluid control systems, principally pneumatic devices, for original equipment manufacturers in industrial pneumatic, commercial vehicles, food and beverage, life sciences, rail, and energy industries. This segment markets its products under the Norgren, FAS, Kloehn, Herion, Buschjost, and Maxseal brand names. The Indoor Climate segment offers indoor climate control systems, primarily balancing valves for large commercial buildings; thermostatic radiator valves for residential buildings; and water conditioning equipment under the TA Hydronics, Heimeier, Pneumatex, and FDI brand names. The Beverage Dispense segment provides still and carbonated beverage dispense systems, beverage cooling solutions, and associated merchandising equipment for bars, restaurants, and retail outlets under the Cornelius and 3Wire brand names. The Merchandising segment offers point-of-sale solutions and technologies under the Artform, Cannon Equipment, DCI Marketing, and Display Technologies brand names for brand owners and retail sales outlets. IMI plc was founded in 1862 and is headquartered in Birmingham, the United Kingdom. |
Please note, this stock split on 02/17/2014 at a ratio of 7/8. The presented data has been updated to account for the change, however, the text of the note may refer to data based on the original presented price of £12.85.
Highlights
The presenter believes IMI is led by one of the “most solid” management teams he has met, and the CEO (Martin Lamb) is extremely focused on ROIC and staying ahead of the cost curve. The company produces control valves for regulating the flow of gas and liquids across a number of industries (oil and gas, nuclear power, beverages, residential and commercial real estate, and others), and its top line is growing well; he is bullish on the outlook for IMI’s earnings power, and the potential for margins to expand.
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