-- 独立系調査会社CFRAは、に対し、以下の調査レポートを提供しました。CFRAのアナリストは、以下のように見解をまとめています。目標株価を145カナダドル（従来128カナダドル）に引き上げます。これは、2027年予想EBITDAに対する企業価値倍率（EV）が9.0倍となり、過去平均を上回ります。株価は2026年年初来で約55%上昇しており、同業他社や過去の株価倍率と比較して、依然として大幅なプレミアム水準で取引されています。そのため、IMOのコスト改善と成長可能性は魅力的ではありますが、現時点では上昇余地はほぼ織り込まれていると考えており、投資家には利益確定を推奨します。株価は同業他社と比較して過去10年間で最高水準にあり、過去10年間の上限値から1.7標準偏差上回っています。株式削減は積極的であり、株主にとって有益です。しかしながら、2026年第1四半期には自社株買いは行われませんでした。第1四半期はIMOにとって特に低調な四半期であり、生産量の横ばい、価格実現の低迷、価格差の拡大、および為替変動のマイナス影響が重なり、純利益は27%減少しました。このような質の事業運営は、前述のプレミアムを低下させる可能性が高いでしょう。当社は、2026年のEPSを6.33カナダドルから9.66カナダドルに、2027年のEPSを6.99カナダドルから8.22カナダドルに引き上げます。
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