INCH.L - Inchcape plc

LSE - LSE Delayed price. Currency in GBp
632.50
-5.50 (-0.86%)
At close: 4:35PM GMT
Stock chart is not supported by your current browser
Previous close638.00
Open630.50
Bid631.50 x 0
Ask633.00 x 0
Day's range628.00 - 642.50
52-week range536.00 - 725.00
Volume736,216
Avg. volume886,407
Market cap2.525B
Beta (5Y monthly)0.99
PE ratio (TTM)49.03
EPS (TTM)12.90
Earnings date27 Feb 2020
Forward dividend & yield0.27 (4.20%)
Ex-dividend date01 Aug 2019
1y target est694.60
  • Bloomberg

    Imperial Brands Abandons Profit Forecast on Unsold Vapes

    (Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Imperial Brands Plc, the maker of Kool cigarettes, abandoned its forecast for earnings growth this year as a U.S. ban on some vaping flavors leads to a drop in sales of smoking alternatives.Adjusted earnings per share will drop about 10% at constant currency in the first half, the company said ahead of its annual meeting with shareholders Wednesday. Imperial said it expects a slight drop in full-year profit, giving up a target for low single-digit growth. The stock fell as much as 5.5%.Revenue from e-cigarettes and other smoking alternatives is set to decline significantly as the U.S. Food & Drug Administration bans certain vaping products as of Thursday, Imperial said. Demand for vaping products has also been dented by concern about safety after a spate of illness in the U.S. that’s largely been linked to products containing THC.Monday, the company named Stefan Bomhard, who leads U.K. luxury car distributor Inchcape Plc, to become its chief executive officer to replace Alison Cooper, who ran the cigarette maker for the past decade.Despite cost cuts, Imperial expects a net 40 million-pound ($52 million) reduction to profit due to the drop in demand this fiscal year, which ends in September. Tobacco companies have cut prices of vaping starter kits to as little as $1 in the U.S. in recent months in a fight to gain market share.The company said it’s writing down the value of flavored vaping product inventory, which will reduce earnings by a further 45 million pounds. The company has been offering deals such as 15 free Myblu flavored liquid pods for every 10 bought online in a last-minute sale in the U.S.What Bloomberg Intelligence Says:“Full-year expectations depend on a significant 2H recovery, which may depend on how global regulation develops.”\-- Duncan Fox, BI consumer goods analystImperial Brands’ New CEO Has Tough Decisions to Make: ReactImperial also said it’s still in negotiations to sell its premium cigar business. The company has been considering selling other assets as well.Michael R. Bloomberg, founder and majority owner of Bloomberg News parent Bloomberg LP, has campaigned and given money in support of a nationwide ban on flavored e-cigarettes and tobacco.(Updates with shares in second paragraph)To contact the reporter on this story: Thomas Mulier in Geneva at tmulier@bloomberg.netTo contact the editors responsible for this story: Eric Pfanner at epfanner1@bloomberg.net, Marthe FourcadeFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Big Tobacco’s Future Is Now
    Bloomberg

    Big Tobacco’s Future Is Now

    (Bloomberg Opinion) -- Cars and cigarettes have at least one thing in common these days: They are both being disrupted by more modern alternatives. So Stefan Bomhard, the chief executive officer of car dealer Inchcape Plc, should have some idea of what he’ll face when he takes the reins at U.K. cigarette maker Imperial Brands Plc.It isn’t easy to find executives willing to move to the much-aligned tobacco industry. But Bomhard looks a good  CEO choice for Imperial, which sells Lambert & Butler cigarettes and Blu vapes. The company had decided to part ways with Alison Cooper in October, a week after a profit warning. She will now step down as with immediate effect.Bomhard did a solid job at Inchcape. While the shares are down about 18% since he became CEO in April 2015, underperforming the FTSE All-Share Index, conditions in car dealing haven’t been easy since Britain voted to leave the European Union and consumer confidence crumbled. It’s still a much better performance than the FTSE All-Share General Retailers Index.The downside is that Bomhard doesn’t have any tobacco experience. But this is less of an issue than it would be in, say, general retailing. Imperial will have plenty of executives with many years’ worth of knowledge of the traditional cigarette business, still the biggest and most profitable part of the group. And he should be able to pull on his prior experience with big global brands in the race to grab market share for Imperial’s new products, whatever they may be.The new chief executive spent his career in consumer goods before joining Inchcape, with roles at spirits company Bicardi, chocolate and candy maker Cadbury, and consumer-goods giant Unilever. That should put him in good stead as Imperial attempts to pivot to alternatives to traditional cigarettes, which could in turn, pave the way for it to diversify into dispensing other adult, highly regulated products, such as cannabis.When Bomhard takes up the role at a yet to be determined date, his first task will be to get to grips with the crisis in the U.S. vaping industry. The company is evaluating the impact of the recent Food and Drug Administration ban on flavors aside from menthol and tobacco for pod-based electronic cigarettes, the type it makes.Then Bomhard will have to work quickly to decide where best to focus Imperial’s attention, and investment. Although the group has strong positions in vaping and oral nicotine, it only entered the heat-not-burn market relatively recently. He must decide whether to expand in this category, which has not been drawn into the crisis in the U.S. vaping industry.He could also look at reshaping other aspects of Imperial’s business, including traditional cigarettes. The company is already seeking to raise up to 2 billion pounds ($2.6 billion) through disposals, including a sale of its premium cigar business. But he could go further, say selling off parts of the portfolio in Asia and Africa, and returning the proceeds to shareholders, or investing more in tobacco alternatives.Either way, Bomhard must take decisive action. Shares in Imperial have fallen more than 20% over the past year, and they trade at a 40% discount to Bloomberg Intelligence’s global tobacco manufacturing valuation peer group. The company even lags Altria Group Inc., which is reeling from its disastrous investment in vaping company Juul Labs Inc.Imperial has long been seen as an acquisition target, with Japan Tobacco Inc. tipped as the most obvious contender. Another possibility would be for Japan Tobacco and British American Tobacco Plc to carve up Imperial’s empire between them along geographical lines. So if Bomhard doesn’t light up the Imperial share price, a bigger rival just might.To contact the author of this story: Andrea Felsted at afelsted@bloomberg.netTo contact the editor responsible for this story: Melissa Pozsgay at mpozsgay@bloomberg.netThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Andrea Felsted is a Bloomberg Opinion columnist covering the consumer and retail industries. She previously worked at the Financial Times.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Rizla and Golden Virginia-owner poaches car exec as new CEO
    Yahoo Finance UK

    Rizla and Golden Virginia-owner poaches car exec as new CEO

    Imperial Brands has named Inchcape chief executive Stefan Bomhard as its new boss.

  • Imperial Brands hires Inchcape's Bomhard as CEO to revive e-cigarette sales
    Reuters

    Imperial Brands hires Inchcape's Bomhard as CEO to revive e-cigarette sales

    Bombard replaces Alison Cooper, whose departure was announced last October. Bomhard joins the maker of Gauloises and Winston cigarettes after five years at the helm of British car dealer Inchcape and, prior to that, senior roles at Cadbury, Burger King and Unilever among other consumer goods groups.

  • Investing.com

    Premarket London: Imperial Finds New CEO

    By Geoffrey Smith

  • Is Inchcape plc (LON:INCH) At Risk Of Cutting Its Dividend?
    Simply Wall St.

    Is Inchcape plc (LON:INCH) At Risk Of Cutting Its Dividend?

    Dividend paying stocks like Inchcape plc (LON:INCH) tend to be popular with investors, and for good reason - some...

  • Watch out! 2 dividend stocks I think could cost you a fortune in 2020
    Fool.co.uk

    Watch out! 2 dividend stocks I think could cost you a fortune in 2020

    Fancy grabbing a slice of these cut-price dividend shares? You'd be much better giving them a miss, says Royston Wild.The post Watch out! 2 dividend stocks I think could cost you a fortune in 2020 appeared first on The Motley Fool UK.

  • Should You Take Comfort From Insider Transactions At Inchcape plc (LON:INCH)?
    Simply Wall St.

    Should You Take Comfort From Insider Transactions At Inchcape plc (LON:INCH)?

    We often see insiders buying up shares in companies that perform well over the long term. The flip side of that is...

  • Does Inchcape plc's (LON:INCH) CEO Salary Compare Well With Others?
    Simply Wall St.

    Does Inchcape plc's (LON:INCH) CEO Salary Compare Well With Others?

    Stefan Bomhard has been the CEO of Inchcape plc (LON:INCH) since 2015. First, this article will compare CEO...

  • Inchcape (LON:INCH) Takes On Some Risk With Its Use Of Debt
    Simply Wall St.

    Inchcape (LON:INCH) Takes On Some Risk With Its Use Of Debt

    Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...

  • Relative Strength Alert: Will the Inchcape (LON:INCH) share price keep rising?
    Stockopedia

    Relative Strength Alert: Will the Inchcape (LON:INCH) share price keep rising?

    Shares in Inchcape (LON:INCH) have been in an uptrend in recent months, and the question now for investors is whether that price strength will continue. Findin8230;

  • Reuters - UK Focus

    UPDATE 2-Lookers bosses leave as car dealer sounds another profit alarm

    British car dealership Lookers said on Friday its top boss and operations chief will step down immediately after weak sales led to a second profit warning in less than four months, sending its shares down as much as 30% and rattling peers. The London-listed firm which sells new and used vehicles made by multiple manufacturers, expects annual underlying profit to fall by more than two-thirds as the UK car market struggles with dwindling consumer confidence and margin pressures. As much as 60 million pounds was wiped from Lookers' stock market value, which fell to 136 million pounds as its shares tumbled.

  • Reuters - UK Focus

    UPDATE 2-UK watchdog proposes car finance commission crackdown

    Britain's markets watchdog has proposed banning auto dealers and brokers from receiving commission linked to interest rates on loans used to finance car purchases, a step it said would save consumers 165 million pounds ($208.4 million) annually. The Financial Conduct Authority (FCA) said some motor finance brokers receive commission linked to the interest rate that customers pay. "The broker can set that rate and the FCA found that the widespread use of this type of commission creates an incentive for brokers to act against customers' interests," the FCA said in a statement on Tuesday.

  • Estimating The Intrinsic Value Of Inchcape plc (LON:INCH)
    Simply Wall St.

    Estimating The Intrinsic Value Of Inchcape plc (LON:INCH)

    Does the October share price for Inchcape plc (LON:INCH) reflect what it's really worth? Today, we will estimate the...

  • Does The Inchcape plc (LON:INCH) Share Price Fall With The Market?
    Simply Wall St.

    Does The Inchcape plc (LON:INCH) Share Price Fall With The Market?

    Anyone researching Inchcape plc (LON:INCH) might want to consider the historical volatility of the share price. Modern...

  • Should You Like Inchcape plc’s (LON:INCH) High Return On Capital Employed?
    Simply Wall St.

    Should You Like Inchcape plc’s (LON:INCH) High Return On Capital Employed?

    Today we are going to look at Inchcape plc (LON:INCH) to see whether it might be an attractive investment prospect...

  • Is It Time To Consider Buying Inchcape plc (LON:INCH)?
    Simply Wall St.

    Is It Time To Consider Buying Inchcape plc (LON:INCH)?

    Inchcape plc (LON:INCH), which is in the retail distributors business, and is based in United Kingdom, received a lot...

  • It Might Be Better To Avoid Inchcape plc's (LON:INCH) Upcoming 1.4% Dividend
    Simply Wall St.

    It Might Be Better To Avoid Inchcape plc's (LON:INCH) Upcoming 1.4% Dividend

    Inchcape plc (LON:INCH) is about to trade ex-dividend in the next 3 days. Investors can purchase shares before the 1st...

  • Have Insiders Been Buying Inchcape plc (LON:INCH) Shares?
    Simply Wall St.

    Have Insiders Been Buying Inchcape plc (LON:INCH) Shares?

    We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. The...

  • Should Inchcape plc (LON:INCH) Focus On Improving This Fundamental Metric?
    Simply Wall St.

    Should Inchcape plc (LON:INCH) Focus On Improving This Fundamental Metric?

    One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...

  • Zooming in on LON:INCH's 4.4% Dividend Yield
    Simply Wall St.

    Zooming in on LON:INCH's 4.4% Dividend Yield

    Today we'll take a closer look at Inchcape plc (LON:INCH) from a dividend investor's perspective. Owning a strong...

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