| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 1/6 |
| Past Performance | 2/6 |
| Financial Health | 2/6 |
| Dividends | 6/6 |
PM Stock Overview
Philip Morris International Inc. operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector.
Philip Morris International Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$103.40 |
| 52 Week High | US$112.48 |
| 52 Week Low | US$85.64 |
| Beta | 0.68 |
| 1 Month Change | -3.34% |
| 3 Month Change | 12.31% |
| 1 Year Change | 4.40% |
| 3 Year Change | 31.67% |
| 5 Year Change | -11.96% |
| Change since IPO | 109.35% |
Recent News & Updates
Philip Morris International: New Deal, New Debt But Good Place To Hide
Philip Morris offers a starting dividend yield of 4.9%. Management recently announced intentions to exit Russia and lowered guidance. The new deal to buy Swedish Match will increase debt and accelerate the non-tobacco transition.
Philip Morris Found Its Match
Company offers to buy Swedish Match for $16 billion. Deal would acceleration transition to smokeless future. Financial impact of deal is quite significant for shareholders.
Shareholder Returns
| PM | US Tobacco | US Market | |
|---|---|---|---|
| 7D | 5.6% | 3.3% | 6.6% |
| 1Y | 4.4% | -65.3% | -18.4% |
Return vs Industry: PM exceeded the US Tobacco industry which returned -65.3% over the past year.
Return vs Market: PM exceeded the US Market which returned -18.4% over the past year.
Price Volatility
| PM volatility | |
|---|---|
| PM Average Weekly Movement | 3.8% |
| Tobacco Industry Average Movement | 12.9% |
| Market Average Movement | 8.1% |
| 10% most volatile stocks in US Market | 16.6% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: PM is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: PM's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1987 | 69,600 | Jacek Olczak | https://www.pmi.com |
Philip Morris International Inc. operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products that are sold in markets outside the United States. The company offers its smoke-free products under the HEETS, HEETS Creations, HEETS Dimensions, HEETS Marlboro, HEETS FROM MARLBORO, Marlboro Dimensions, Marlboro HeatSticks, Parliament HeatSticks, and TEREA brands, as well as the KT&G-licensed brands, Fiit, and Miix.
Philip Morris International Fundamentals Summary
| PM fundamental statistics | |
|---|---|
| Market Cap | US$160.28b |
| Earnings (TTM) | US$9.00b |
| Revenue (TTM) | US$31.57b |
17.8x
P/E Ratio5.1x
P/S RatioIs PM overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| PM income statement (TTM) | |
|---|---|
| Revenue | US$31.57b |
| Cost of Revenue | US$10.34b |
| Gross Profit | US$21.23b |
| Other Expenses | US$12.23b |
| Earnings | US$9.00b |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
Jul 21, 2022
| Earnings per share (EPS) | 5.80 |
| Gross Margin | 67.25% |
| Net Profit Margin | 28.50% |
| Debt/Equity Ratio | -357.1% |
How did PM perform over the long term?
See historical performance and comparisonDividends
4.8%
Current Dividend Yield86%
Payout RatioDoes PM pay a reliable dividends?
See PM dividend history and benchmarks| Philip Morris International dividend dates | |
|---|---|
| Ex Dividend Date | Jun 30 2022 |
| Dividend Pay Date | Jul 15 2022 |
| Days until Ex dividend | 2 days |
| Days until Dividend pay date | 17 days |
Does PM pay a reliable dividends?
See PM dividend history and benchmarksValuation
Is PM undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
4/6Valuation Score 4/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio
Key Valuation Metric
Which metric is best to use when looking at relative valuation for PM?
Other financial metrics that can be useful for relative valuation.
| What is PM's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | US$160.28b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 5.9x |
| Enterprise Value/EBITDA | 13.4x |
| PEG Ratio | 3.8x |
Price to Earnings Ratio vs Peers
How does PM's PE Ratio compare to its peers?
| PM PE Ratio vs Peers |
|---|
| Company | PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 18.4x | ||
MO Altria Group | 26.2x | 9.0% | US$78.6b |
RLX RLX Technology | 8x | 10.4% | US$3.6b |
UVV Universal | 16.9x | n/a | US$1.5b |
PEP PepsiCo | 22.6x | 1.8% | US$229.7b |
PM Philip Morris International | 17.8x | 4.7% | US$160.3b |
Price-To-Earnings vs Peers: PM is good value based on its Price-To-Earnings Ratio (17.8x) compared to the peer average (18.4x).
Price to Earnings Ratio vs Industry
How does PM's PE Ratio compare vs other companies in the Global Tobacco Industry?
Price-To-Earnings vs Industry: PM is expensive based on its Price-To-Earnings Ratio (17.8x) compared to the Global Tobacco industry average (12.2x)
Price to Earnings Ratio vs Fair Ratio
What is PM's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 17.8x |
| Fair PE Ratio | 28.3x |
Price-To-Earnings vs Fair Ratio: PM is good value based on its Price-To-Earnings Ratio (17.8x) compared to the estimated Fair Price-To-Earnings Ratio (28.3x).
Share Price vs Fair Value
What is the Fair Price of PM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: PM ($103.4) is trading below our estimate of fair value ($190.93)
Significantly Below Fair Value: PM is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: PM is poor value based on its PEG Ratio (3.8x)
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Future Growth
How is Philip Morris International forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?
Future Growth Score
1/6Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
4.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PM's forecast earnings growth (4.7% per year) is above the savings rate (1.9%).
Earnings vs Market: PM's earnings (4.7% per year) are forecast to grow slower than the US market (13.9% 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 (8.4% 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
Discover growth companies
Past Performance
How has Philip Morris International performed over the past 5 years?
Past Performance Score
2/6Past Performance Score 2/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
6.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PM has high quality earnings.
Growing Profit Margin: PM's current net profit margins (28.5%) are lower than last year (29.6%).
Past Earnings Growth Analysis
Earnings Trend: PM's earnings have grown by 6.8% per year over the past 5 years.
Accelerating Growth: PM's earnings growth over the past year (4.3%) is below its 5-year average (6.8% per year).
Earnings vs Industry: PM earnings growth over the past year (4.3%) underperformed the Tobacco industry 6.9%.
Return on Equity
High ROE: PM's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.
Discover strong past performing companies
Financial Health
How is Philip Morris International's financial position?
Financial Health Score
2/6Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
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 (43.2%).
Interest Coverage: PM's interest payments on its debt are well covered by EBIT (21.4x coverage).
Balance Sheet
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Dividend
What is Philip Morris International current dividend yield, its reliability and sustainability?
Dividend Score
6/6Dividend Score 6/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
4.84%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: PM's dividend (4.84%) is higher than the bottom 25% of dividend payers in the US market (1.57%).
High Dividend: PM's dividend (4.84%) is in the top 25% of dividend payers in the US market (4.24%)
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.
Earnings Payout to Shareholders
Earnings Coverage: At its current payout ratio (85.6%), PM's payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (65.4%), PM's dividend payments are covered by cash flows.
Discover strong dividend paying companies
Management
How experienced are the management team and are they aligned to shareholders interests?
1.9yrs
Average management tenure
CEO
Jacek Olczak (56 yo)
1.08yrs
Tenure
US$10,557,568
Compensation
Mr. Jacek Olczak is the Chief Executive Officer and Director of Philip Morris International Inc. since May 05, 2021. He had been the Chief Operating Officer of Philip Morris International Inc. since Januar...
CEO Compensation Analysis
Compensation vs Market: Jacek's total compensation ($USD10.56M) is about average for companies of similar size in the US market ($USD13.44M).
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 ( 1.9 years average tenure), which suggests a new team.
Board Members
Experienced Board: PM's board of directors are considered experienced (7.6 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold 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 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
- Implied Market Cap: US$160.281b
- Shares outstanding: 1.55b
- 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
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/06/26 00:00 |
| End of Day Share Price | 2022/06/24 00:00 |
| Earnings | 2022/03/31 |
| Annual Earnings | 2021/12/31 |
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.