Philip Morris International Future Growth

Future criteria checks 3/6

Philip Morris International is forecast to grow earnings and revenue by 9.4% and 6.5% per annum respectively. EPS is expected to grow by 9.6% per annum. Return on equity is forecast to be 192.3% in 3 years.

Key information

9.4%

Earnings growth rate

9.6%

EPS growth rate

Tobacco earnings growth	0%
Revenue growth rate	6.5%
Future return on equity	192.3%
Analyst coverage	Good
Last updated	10 Dec 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

BASE:PM - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	42,714	11,823	12,597	13,982	8
12/31/2025	39,696	10,757	11,240	12,803	11
12/31/2024	37,682	9,839	10,879	11,836	10
9/30/2024	37,219	9,805	10,040	11,517	N/A
6/30/2024	36,449	8,779	10,121	11,590	N/A
3/31/2024	35,948	7,944	8,941	10,400	N/A
12/31/2023	35,174	7,791	7,883	9,204	N/A
9/30/2023	34,279	7,991	7,638	8,995	N/A
6/30/2023	33,170	8,025	7,410	8,648	N/A
3/31/2023	32,035	8,689	7,603	8,730	N/A
12/31/2022	31,762	9,024	9,726	10,803	N/A
9/30/2022	31,714	8,721	10,723	11,742	N/A
6/30/2022	31,804	9,058	11,625	12,544	N/A
3/31/2022	31,566	8,996	11,852	12,650	N/A
12/31/2021	31,405	9,083	11,219	11,967	N/A
9/30/2021	30,745	8,966	10,498	11,097	N/A
6/30/2021	30,069	8,849	10,242	10,841	N/A
3/31/2021	29,126	8,626	8,525	9,136	N/A
12/31/2020	28,694	8,036	9,210	9,812	N/A
9/30/2020	28,963	7,677	9,356	9,974	N/A
6/30/2020	29,159	7,266	7,783	8,443	N/A
3/31/2020	30,207	7,639	9,262	9,960	N/A
12/31/2019	29,805	7,168	9,238	10,090	N/A
9/30/2019	29,591	7,463	8,158	9,188	N/A
6/30/2019	29,453	7,814	7,624	8,788	N/A
3/31/2019	29,480	7,692	7,944	9,339	N/A
12/31/2018	29,625	7,895	8,042	9,478	N/A
9/30/2018	30,420	6,680	8,322	9,977	N/A
6/30/2018	30,389	6,404	N/A	10,214	N/A
3/31/2018	29,580	5,987	N/A	9,449	N/A
12/31/2017	28,748	6,021	N/A	8,912	N/A
9/30/2017	27,425	7,036	N/A	8,140	N/A
6/30/2017	26,934	7,002	N/A	9,312	N/A
3/31/2017	26,666	7,010	N/A	8,458	N/A
12/31/2016	26,685	6,948	N/A	8,077	N/A
9/30/2016	26,106	6,486	N/A	7,800	N/A
6/30/2016	26,051	6,489	N/A	7,401	N/A
3/31/2016	26,261	6,586	N/A	8,702	N/A
12/31/2015	26,794	6,849	N/A	7,865	N/A
9/30/2015	27,599	7,209	N/A	7,347	N/A
6/30/2015	28,528	7,419	N/A	7,619	N/A
3/31/2015	29,466	7,381	N/A	6,649	N/A
12/31/2014	29,767	7,459	N/A	7,739	N/A
9/30/2014	30,359	7,831	N/A	8,705	N/A
6/30/2014	30,430	8,014	N/A	9,055	N/A
3/31/2014	30,550	8,283	N/A	9,487	N/A
12/31/2013	31,217	8,531	N/A	10,135	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: PM's forecast earnings growth (9.4% per year) is above the savings rate (8.7%).

Earnings vs Market: PM's earnings (9.4% per year) are forecast to grow faster than the AR market (2.1% per year).

High Growth Earnings: PM's earnings are forecast to grow, but not significantly.

Revenue vs Market: PM's revenue (6.5% per year) is forecast to grow slower than the AR market (13.6% per year).

High Growth Revenue: PM's revenue (6.5% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: PM's Return on Equity is forecast to be very high in 3 years time (192.3%).

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/19 10:36
End of Day Share Price	2024/12/19 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Philip Morris International Inc. is covered by 41 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
David Coleman	Argus Research Company
Ishan Majumdar	Baptista Research
Michael Branca	Barclays