Philip Morris International Inc
NYSE:PM
Intrinsic Value
Philip Morris International, Inc. is a holding company engaged in the manufacturing and sale of cigarettes, tobacco, and nicotine-containing products. [ Read More ]
The intrinsic value of one PM stock under the Base Case scenario is 113.37 USD. Compared to the current market price of 91.62 USD, Philip Morris International Inc is Undervalued by 19%.
Valuation Backtest
Philip Morris International Inc
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Fundamental Analysis
Robust Growth in Smoke-Free Products Driving Earnings
2023-Q4 Earnings Call
Over the next three years, the company aims for a 6% to 8% CAGR in organic net revenue and an 8% to 10% step-up in organic operating income growth. Adjusted EPS is targeted to increase by 9% to 11%, excluding currency fluctuations. In 2024, a significant acceleration in the performance of smoke-free products is expected, forecasting the highest ever growth in HTU adjusted IMS volumes at 14% to 16%, supporting overall organic revenue growth of 6.5% to 8%. Despite challenges, the company projects a Q1 currency-neutral adjusted diluted EPS growth of 7% to 10%, translating to $1.37 to $1.42 per share. Operating cash flow for 2024 is projected between $10 billion and $11 billion, with a capital expenditure of around $1.2 billion and a targeted deleveraging of 0.3 to 0.5x, aiming for a net debt to adjusted EBITDA ratio of around 2x.
Balance Sheet Decomposition
Philip Morris International Inc
Current Assets | 19.8B |
Cash & Short-Term Investments | 3.1B |
Receivables | 4.4B |
Other Current Assets | 12.3B |
Non-Current Assets | 45.5B |
Long-Term Investments | 4.9B |
PP&E | 7.5B |
Intangibles | 26.6B |
Other Non-Current Assets | 6.5B |
Current Liabilities | 26.4B |
Accounts Payable | 4.1B |
Accrued Liabilities | 12.4B |
Short-Term Debt | 2B |
Other Current Liabilities | 7.9B |
Non-Current Liabilities | 50.1B |
Long-Term Debt | 41.2B |
Other Non-Current Liabilities | 8.9B |
Earnings Waterfall
Philip Morris International Inc
Revenue
|
35.3B
USD
|
Cost of Revenue
|
-12.9B
USD
|
Gross Profit
|
22.4B
USD
|
Operating Expenses
|
-9.6B
USD
|
Operating Income
|
12.8B
USD
|
Other Expenses
|
-5B
USD
|
Net Income
|
7.8B
USD
|
Free Cash Flow Analysis
Philip Morris International Inc
What is Free Cash Flow?
PM Profitability Score
Profitability Due Diligence
Philip Morris International Inc's profitability score is 56/100. The higher the profitability score, the more profitable the company is.
Score
Philip Morris International Inc's profitability score is 56/100. The higher the profitability score, the more profitable the company is.
PM Solvency Score
Solvency Due Diligence
Philip Morris International Inc's solvency score is 49/100. The higher the solvency score, the more solvent the company is.
Score
Philip Morris International Inc's solvency score is 49/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
PM Price Targets Summary
Philip Morris International Inc
According to Wall Street analysts, the average 1-year price target for PM is 109.47 USD with a low forecast of 85.85 USD and a high forecast of 140.7 USD.
Ownership
PM Insider Trading
Buy and sell transactions by insiders
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Shareholder Return
PM Price
Philip Morris International Inc
Average Annual Return | 9.49% |
Standard Deviation of Annual Returns | 10.58% |
Max Drawdown | -32% |
Market Capitalization | 142.2B USD |
Shares Outstanding | 1 552 460 000 |
Percentage of Shares Shorted | 0.46% |
PM News
Last Important Events
Philip Morris International Inc
Significant happenings or occurrences that are of interest to investors. These could be company-specific developments or market-wide shifts.
Sentiment Analysis
Philip Morris International Inc
Company Profile
Country
Industry
Market Cap
Dividend Yield
Description
Philip Morris International, Inc. is a holding company engaged in the manufacturing and sale of cigarettes, tobacco, and nicotine-containing products. The company is headquartered in New York City, New York and currently employs 69,600 full-time employees. The company went IPO on 2008-03-17. The firm is engaged in the manufacture and sale of cigarettes, as well as smoke-free products, electronic devices and accessories, and other nicotine-containing products in markets outside the United States of America. Its segments include European Union Region (EU); Eastern Europe Region (EE); Middle East & Africa Region (ME&A); South & Southeast Asia Region (S&SA); East Asia & Australia Region (EA&A), and Latin America & Canada Region (LA&C). Its portfolio of international and local brands is led by Marlboro. Its other cigarette brands include Bond Street, Chesterfield, L&M, Lark and Philip Morris. The company owns various local cigarette brands, such as Dji Sam Soe, Sampoerna A and Sampoerna U in Indonesia, and Fortune and Jackpot in the Philippines. Its IQOS smoke-free product brand includes heated tobacco and nicotine-containing vapor products. The company also develops a pipeline of inhaled therapeutics and respiratory drug delivery.
Contact
IPO
Employees
Officers
The intrinsic value of one PM stock under the Base Case scenario is 113.37 USD.
Compared to the current market price of 91.62 USD, Philip Morris International Inc is Undervalued by 19%.