Philip Morris International
Market Cap
US$138.0b
Last Updated
2020/01/19 00:04 UTC
Data Sources
Company Financials +
Executive Summary
Philip Morris International Inc., through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, and smoke-free products and related electronic devices and accessories.
Rewards
Risk Analysis
Snowflake Analysis
Established dividend payer with proven 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 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
1.4%
PM
1.5%
US Tobacco
2.0%
US Market
1 Year Return
20.2%
PM
5.1%
US Tobacco
23.6%
US Market
Return vs Industry: PM exceeded the US Tobacco industry which returned 5.7% over the past year.
Return vs Market: PM underperformed the US Market which returned 24.7% over the past year.
Shareholder returns
| PM | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.4% | 1.5% | 2.0% |
| 30 Day | 4.0% | 0.5% | 3.9% |
| 90 Day | 8.4% | 14.8% | 12.0% |
| 1 Year | 27.3%20.2% | 12.1%5.1% | 26.2%23.6% |
| 3 Year | 8.8%-6.2% | -14.7%-26.8% | 53.2%43.3% |
| 5 Year | 36.2%7.1% | 19.0%-5.4% | 75.7%56.3% |
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
3 days ago | Simply Wall St
Should You Like Philip Morris International Inc.’s (NYSE:PM) High Return On Capital Employed?1 year ago | Simply Wall St
What Do You Get For Owning Philip Morris International Inc (NYSE:PM)?1 year ago | Simply Wall St
Do You Know Who Else Invests In Philip Morris International Inc (NYSE:PM)?Valuation
Is Philip Morris International undervalued compared to its fair value and its price relative to the market?
38.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PM ($87.58) is trading below our estimate of fair value ($143.93)
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 (18.3x) compared to the Tobacco industry average (15.5x).
PE vs Market: PM is good value based on its PE Ratio (18.3x) compared to the US market (18.9x).
Price to Earnings Growth Ratio
PEG Ratio: PM is poor value based on its PEG Ratio (2.2x)
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.
Next Steps
Future Growth
How is Philip Morris International forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?
8.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PM's forecast earnings growth (8.3% per year) is above the savings rate (1.7%).
Earnings vs Market: PM's earnings (8.3% per year) are forecast to grow slower than the US market (14.3% per year).
High Growth Earnings: PM's earnings are forecast to grow, but not significantly.
Revenue vs Market: PM's revenue (4% per year) is forecast to grow slower than the US market (7.5% per year).
High Growth Revenue: PM's revenue (4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if PM's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Philip Morris International performed over the past 5 years?
-0.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PM has high quality earnings.
Growing Profit Margin: PM's current net profit margins (25.2%) are higher than last year (22%).
Past Earnings Growth Analysis
Earnings Trend: PM's earnings have declined by -0.2% per year over the past 5 years.
Accelerating Growth: PM's earnings growth over the past year (11.7%) exceeds its 5-year average (-0.2% per year).
Earnings vs Industry: PM earnings growth over the past year (11.7%) exceeded the Tobacco industry -1.7%.
Return on Equity
High ROE: PM's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.
Return on Assets
Return on Capital Employed
Next Steps
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 (28.9%).
Interest Coverage: PM's interest payments on its debt are well covered by EBIT (20.1x coverage).
Balance Sheet
Inventory Level: PM has a high level of physical assets or inventory.
Debt Coverage by Assets: PM has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Next Steps
Dividend
What is Philip Morris International's current dividend yield, its reliability and sustainability?
5.28%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: PM's dividend (5.34%) is higher than the bottom 25% of dividend payers in the US market (1.4%).
High Dividend: PM's dividend (5.34%) is in the top 25% of dividend payers in the US market (3.66%)
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: With its high payout ratio (95.7%), PM's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: PM's dividends in 3 years are forecast to be covered by earnings (82.4% payout ratio).
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Management
What is the CEO of Philip Morris International's salary, the management and board of directors tenure and is there insider trading?
2.0yrs
Average management tenure
CEO
André Calantzopoulos (61yo)
6.7yrs
Tenure
US$15,934,235
Compensation
Mr. André Calantzopoulos has been the Chief Executive Officer of Philip Morris International Inc. since May 8, 2013. Mr. Calantzopoulos served as the Chief Operating Officer of Philip Morris International, ...
CEO Compensation Analysis
Compensation vs Market: André's total compensation ($USD15.93M) is above average for companies of similar size in the US market ($USD10.76M).
Compensation vs Earnings: André's compensation has been consistent with company performance over the past year.
Management Age and Tenure
2.0yrs
Average Tenure
54.5yo
Average Age
Experienced Management: PM's management team is considered experienced (2 years average tenure).
Board Age and Tenure
6.7yrs
Average Tenure
65yo
Average Age
Experienced Board: PM's board of directors are considered experienced (6.7 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Shares | 11,000 |
| Max Price | US$81.44 |
| Entity | Individual |
| Shares | 1,100 |
| Max Price | US$87.42 |
| Entity | Individual |
| Shares | 1,000 |
| Max Price | US$80.74 |
| Entity | Individual |
| Shares | 2,500 |
| Max Price | US$84.67 |
| Entity | Individual |
| Role | Chairman of the Board Non-Executive Chairman |
| Shares | 70,000 |
| Max Price | US$83.54 |
| Entity | Individual |
| Shares | 1,200 |
| Max Price | US$84.32 |
| Entity | Individual |
| Role | Chief Executive Officer CEO & Director |
| Shares | 50,000 |
| Max Price | US$84.76 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
André Calantzopoulos (61yo)
CEO & Director
- Tenure: 6.7yrs
- Compensation: US$15.93m
Marc Firestone (60yo)
President of External Affairs & General Counsel
- Tenure: 7.6yrs
- Compensation: US$6.23m
Martin King (55yo)
Chief Financial Officer
- Tenure: 2yrs
- Compensation: US$3.86m
Mirek Zielinski (58yo)
Chief New Ventures Officer
- Tenure: 2yrs
- Compensation: US$5.34m
Jacek Olczak (54yo)
Chief Operating Officer
- Tenure: 2yrs
- Compensation: US$6.07m
Nicholas Rolli
Vice President of Investor Relations and Financial Communications
Patrick Brunel (54yo)
Chief Information Officer
Frank De Rooij (53yo)
Vice President of Treasury & Corporate Finance
Manuel Peitsch
Chief Science Officer
Michael Voegele (46yo)
Chief Technology Officer
- Tenure: 0.9yrs
Board Members
Louis Camilleri (64yo)
Non-Executive Chairman
- Tenure: 5.1yrs
- Compensation: US$700.00k
Stephen Wolf (78yo)
Independent Director
- Tenure: 12yrs
- Compensation: US$300.00k
Lucio Noto (80yo)
Independent Presiding Director
- Compensation: US$325.00k
Jun Makihara (61yo)
Independent Director
- Tenure: 5.3yrs
- Compensation: US$335.00k
Kalpana Morparia (70yo)
Independent Director
- Tenure: 8.1yrs
- Compensation: US$335.00k
André Calantzopoulos (61yo)
CEO & Director
- Tenure: 6.7yrs
- Compensation: US$15.93m
Werner Geissler (66yo)
Independent Director
- Tenure: 5yrs
- Compensation: US$335.00k
Robert Polet (64yo)
Independent Director
- Tenure: 8.3yrs
- Compensation: US$300.00k
Frederik Paulsen (68yo)
Independent Director
- Tenure: 5.3yrs
Jennifer Li (51yo)
Independent Director
- Tenure: 9.7yrs
- Compensation: US$335.00k
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$137.991b
- 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
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 4I1 | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Mar 2008 |
| PMI | SWX (SIX Swiss Exchange) | Yes | Common Shares | CH | CHF | Mar 2008 |
| PM | NYSE (New York Stock Exchange) | Yes | Common Shares | US | USD | Mar 2008 |
| 4I1 | XTRA (XETRA Trading Platform) | Yes | Common Shares | DE | EUR | Mar 2008 |
| 0M8V | LSE (London Stock Exchange) | Yes | Common Shares | GB | USD | Mar 2008 |
| PMIZ | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Common Shares | GB | CHF | Mar 2008 |
| PHMO-U | ETLX (Eurotlx) | Yes | Common Shares | IT | EUR | Mar 2008 |
| PMOR | WBAG (Wiener Boerse AG) | Yes | Common Shares | AT | EUR | Mar 2008 |
| PM * | BMV (Bolsa Mexicana de Valores) | Yes | Common Shares | MX | MXN | Mar 2008 |
Biography
Philip Morris International Inc., through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, and smoke-free products and related electronic devices and accessories. The company offers IQOS smoke-free products, including heated tobacco and nicotine-containing vapor products under the HEETS, HEETS Marlboro, and HEETS FROM MARLBORO brands, as well as the Marlboro HeatSticks and Parliament HeatSticks brands. It also sells its products under the Marlboro, Parliament, Bond Street, Chesterfield, L&M, Lark, and Philip Morris brands. In addition, the company owns various cigarette brands, such as Dji Sam Soe, Sampoerna A, and Sampoerna U in Indonesia; Fortune and Jackpot in the Philippines; and Belmont and Canadian Classics in Canada. As of November 21, 2019, Philip Morris International Inc. operated four physical stores in Sweden. It markets and sells its products in the European Union, Eastern Europe, the Middle East, Africa, South and Southeast Asia, East Asia, Australia, Latin America, and Canada. The company was incorporated in 1987 and is headquartered in New York, New York.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/01/19 00:04 |
| End of Day Share Price | 2020/01/17 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.