Philip Morris International
Market Cap
US$156.0b
Last Updated
2021/07/31 23:12 UTC
Data Sources
Company Financials +
Executive Summary
Philip Morris International Inc., through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, smoke-free products, and related electronic devices and accessories. More Details
Rewards
Risk Analysis
Snowflake Analysis
6 star dividend payer with solid track record.
Similar Companies
Share Price & News
How has Philip Morris International's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PM is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: PM's weekly volatility (2%) has been stable over the past year.
Market Performance
7 Day Return
1.7%
PM
0.2%
US Tobacco
-0.5%
US Market
1 Year Return
30.3%
PM
18.0%
US Tobacco
35.9%
US Market
Return vs Industry: PM exceeded the US Tobacco industry which returned 18% over the past year.
Return vs Market: PM underperformed the US Market which returned 35.9% over the past year.
Shareholder returns
| PM | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.7% | 0.2% | -0.5% |
| 30 Day | 0.2% | -6.5% | 0.09% |
| 90 Day | 5.4% | -9.7% | 3.2% |
| 1 Year | 37.7%30.3% | 27.0%18.0% | 38.0%35.9% |
| 3 Year | 37.4%15.3% | 0.7%-18.8% | 62.8%52.6% |
| 5 Year | 31.2%1.2% | -1.3%-26.4% | 121.2%96.9% |
Long-Term Price Volatility Vs. Market
How volatile is Philip Morris International's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 day ago | Simply Wall St
Have Philip Morris International Inc. (NYSE:PM) Insiders Been Selling Their Stock?3 weeks ago | Simply Wall St
Could The Philip Morris International Inc. (NYSE:PM) Ownership Structure Tell Us Something Useful?1 month ago | Simply Wall St
Should Income Investors Look At Philip Morris International Inc. (NYSE:PM) Before Its Ex-Dividend?Valuation
Is Philip Morris International undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PM ($100.09) is trading below our estimate of fair value ($201.94)
Significantly Below Fair Value: PM is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PM is poor value based on its PE Ratio (17.6x) compared to the Global Tobacco industry average (13.4x).
PE vs Market: PM is good value based on its PE Ratio (17.6x) compared to the US market (18x).
Price to Earnings Growth Ratio
PEG Ratio: PM is poor value based on its PEG Ratio (2.4x)
Price to Book Ratio
PB vs Industry: PM has negative assets, so we can't compare its PB Ratio to the US Tobacco industry average.
Future Growth
How is Philip Morris International forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?
7.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PM's forecast earnings growth (7.3% per year) is above the savings rate (2%).
Earnings vs Market: PM's earnings (7.3% per year) are forecast to grow slower than the US market (14.9% per year).
High Growth Earnings: PM's earnings are forecast to grow, but not significantly.
Revenue vs Market: PM's revenue (5% per year) is forecast to grow slower than the US market (9.2% per year).
High Growth Revenue: PM's revenue (5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PM is forecast to be unprofitable in 3 years.
Past Performance
How has Philip Morris International performed over the past 5 years?
5.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PM has high quality earnings.
Growing Profit Margin: PM's current net profit margins (29.4%) are higher than last year (24.9%).
Past Earnings Growth Analysis
Earnings Trend: PM's earnings have grown by 5.3% per year over the past 5 years.
Accelerating Growth: PM's earnings growth over the past year (21.8%) exceeds its 5-year average (5.3% per year).
Earnings vs Industry: PM earnings growth over the past year (21.8%) exceeded the Tobacco industry 2.4%.
Return on Equity
High ROE: PM's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.
Financial Health
How is Philip Morris International's financial position?
Financial Position Analysis
Short Term Liabilities: PM has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: PM has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: PM has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: PM's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: PM's debt is well covered by operating cash flow (37.5%).
Interest Coverage: PM's interest payments on its debt are well covered by EBIT (20.3x coverage).
Balance Sheet
Dividend
What is Philip Morris International current dividend yield, its reliability and sustainability?
4.80%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PM's dividend (4.8%) is higher than the bottom 25% of dividend payers in the US market (1.31%).
High Dividend: PM's dividend (4.8%) is in the top 25% of dividend payers in the US market (3.54%)
Stability and Growth of Payments
Stable Dividend: PM's dividends per share have been stable in the past 10 years.
Growing Dividend: PM's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (84.5%), PM's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: PM's dividends in 3 years are forecast to be covered by earnings (74.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.2yrs
Average management tenure
CEO
Jacek Olczak (56 yo)
0.17
Tenure
US$10,962,549
Compensation
Mr. Jacek Olczak is the Chief Executive Officer and Director of Philip Morris International Inc. since May 05, 2021. He had been the Chief Operating Officer of Philip Morris International Inc. since Januar...
CEO Compensation Analysis
Compensation vs Market: Jacek's total compensation ($USD10.96M) is about average for companies of similar size in the US market ($USD11.17M).
Compensation vs Earnings: Jacek's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: PM's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.
Board Members
Experienced Board: PM's board of directors are considered experienced (3.2 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: PM insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Philip Morris International Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Philip Morris International Inc.
- Ticker: PM
- Exchange: NYSE
- Founded: 1987
- Industry: Tobacco
- Sector: Food, Beverage & Tobacco
- Market Cap: US$155.994b
- Shares outstanding: 1.56b
- Website: https://www.pmi.com
Number of Employees
Location
- Philip Morris International Inc.
- 120 Park Avenue
- New York
- New York
- 10017-5592
- United States
Listings
Biography
Philip Morris International Inc., through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, smoke-free products, and related electronic devices and accessories. The c...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/07/31 23:12 |
| End of Day Share Price | 2021/07/30 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.