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PM

Philip Morris International NYSE:PM Stock Report

Last Price

US$103.40

Market Cap

US$160.3b

7D

5.6%

1Y

4.4%

Updated

26 Jun, 2022

Data

Company Financials +
PM fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance2/6
Financial Health2/6
Dividends6/6

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

Summary of all time highs, changes and price drops for Philip Morris International
Historical stock prices
Current Share PriceUS$103.40
52 Week HighUS$112.48
52 Week LowUS$85.64
Beta0.68
1 Month Change-4.32%
3 Month Change10.65%
1 Year Change4.40%
3 Year Change31.67%
5 Year Change-11.96%
Change since IPO109.35%

Recent News & Updates

Jun 12

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.

May 11

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

PMUS TobaccoUS Market
7D5.6%3.3%6.6%
1Y4.4%-65.3%-18.4%

Return vs Industry: PM exceeded the US Tobacco industry which returned -65.5% over the past year.

Return vs Market: PM exceeded the US Market which returned -18.5% over the past year.

Price Volatility

Is PM's price volatile compared to industry and market?
PM volatility
PM Average Weekly Movement3.8%
Tobacco Industry Average Movement12.9%
Market Average Movement8.1%
10% most volatile stocks in US Market16.6%
10% least volatile stocks in US Market3.2%

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

FoundedEmployeesCEOWebsite
198769,600Jacek Olczakhttps://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

How do Philip Morris International's earnings and revenue compare to its market cap?
PM fundamental statistics
Market CapUS$160.28b
Earnings (TTM)US$9.00b
Revenue (TTM)US$31.57b

17.8x

P/E Ratio

5.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PM income statement (TTM)
RevenueUS$31.57b
Cost of RevenueUS$10.34b
Gross ProfitUS$21.23b
Other ExpensesUS$12.23b
EarningsUS$9.00b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Jul 21, 2022

Earnings per share (EPS)5.80
Gross Margin67.25%
Net Profit Margin28.50%
Debt/Equity Ratio-357.1%

How did PM perform over the long term?

See historical performance and comparison

Dividends

4.8%

Current Dividend Yield

86%

Payout Ratio

Does PM pay a reliable dividends?

See PM dividend history and benchmarks
When do you need to buy PM by to receive an upcoming dividend?
Philip Morris International dividend dates
Ex Dividend DateJun 30 2022
Dividend Pay DateJul 15 2022
Days until Ex dividend4 days
Days until Dividend pay date19 days

Does PM pay a reliable dividends?

See PM dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

Is PM undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation 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.

PM key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue5.9x
Enterprise Value/EBITDA13.4x
PEG Ratio3.8x

Price to Earnings Ratio vs Peers

How does PM's PE Ratio compare to its peers?

PM PE Ratio vs Peers
The above table shows the PE ratio for PM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average18.4x

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.

PM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio17.8x
Fair PE Ratio28.3x

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 ($190.24)

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

1/6

Future 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 (14% 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


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Past Performance

How has Philip Morris International performed over the past 5 years?

Past Performance Score

2/6

Past 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

2/6

Financial 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

6/6

Dividend Score 6/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


4.84%

Current Dividend Yield

Upcoming Dividend Payment

TodayJun 26 2022Ex Dividend DateJun 30 2022Dividend Pay DateJul 15 202215 days from Ex DividendBuy in the next 4 days to receive the upcoming dividend

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.


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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 ($USD10.56M) is about average for companies of similar size in the US market ($USD13.61M).

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/26 00:00
End of Day Share Price2022/06/24 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.