Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  Altria Group, Inc.    MO

ALTRIA GROUP, INC.

(MO)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

E-cigarette maker Juul cuts valuation to $10 billion - memo

10/29/2020 | 02:39pm EST
Shopkeepers stand inside a Juul shop at a shopping mall in Jakarta

(Reuters) - Juul Labs Inc has cut its valuation to about $10 billion from $12 billion at the end of last year, according to a company memo seen by Reuters on Thursday, as the once red-hot e-cigarette maker fizzles in a tumultuous period for the industry.

Juul was valued at $38 billion in December 2018, when Marlboro maker Altria Group Inc took a 35% stake in the company.

The company's new valuation was influenced by recent decisions to exit certain markets and related restructuring costs, according to the memo sent to Juul employees by chief executive officer K.C. Crosthwaite.

"Today's valuation does not surprise me, and I expect other investors to also arrive at lower valuation marks that factor in our recent restructuring," he said.

Juul has been pummeled over the last two years due to increased regulatory scrutiny following a rise in teenage vaping and a ban on the sale of popular flavors have hit demand.

In September, the company said it would make a significant cut to its global workforce and explore pulling out of some European and Asia-Pacific markets to save cash.

(Reporting by Uday Sampath in Bengaluru; Editing by Maju Samuel)


© Reuters 2020
All news about ALTRIA GROUP, INC.
12/03ALTRIA : Participates in the Morgan Stanley Global Consumer and Retail Conferenc..
AQ
12/02ALTRIA GROUP, INC. : Regulation FD Disclosure, Financial Statements and Exhibits..
AQ
12/02ALTRIA : Participates in the Morgan Stanley Global Consumer and Retail Conferenc..
BU
11/19Big Tobacco gets a pandemic pick-me-up
RE
11/16ALTRIA : Announces Conversion of Its Non-Voting Shares in JUUL; Does Not Intend ..
AQ
11/14ELON MUSK : Elon Musk Says He Tested Positive for Covid-19 -- 7th Update
DJ
11/14ELON MUSK : Elon Musk Says He Tested Positive for Covid-19 -- 6th Update
DJ
11/13ELON MUSK : Tesla CEO Says He Tests Both Positive and Negative -- 4th Update
DJ
11/13ELON MUSK'S COVID-19 TESTS : Tesla CEO Says He Tests Both Positive and Negative ..
DJ
11/13ELON MUSK'S COVID-19 TESTS : Tesla CEO Says He Tests Both Positive and Negative ..
DJ
More news
Financials (USD)
Sales 2020 20 732 M - -
Net income 2020 4 505 M - -
Net Debt 2020 25 145 M - -
P/E ratio 2020 16,8x
Yield 2020 8,43%
Capitalization 75 117 M 75 117 M -
EV / Sales 2020 4,84x
EV / Sales 2021 4,73x
Nbr of Employees 7 300
Free-Float 66,2%
Chart ALTRIA GROUP, INC.
Duration : Period :
Altria Group, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ALTRIA GROUP, INC.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 48,28 $
Last Close Price 40,42 $
Spread / Highest target 68,2%
Spread / Average Target 19,4%
Spread / Lowest Target -8,46%
EPS Revisions
Managers
NameTitle
William F. Gifford Vice Chairman & Chief Executive Officer
Thomas F. Farrell Independent Chairman
Jody L. Begley Chief Operating Officer & Executive Vice President
Salvatore Mancuso Chief Financial Officer & Executive Vice President
George Muñoz Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
ALTRIA GROUP, INC.-19.01%75 117
JAPAN TOBACCO INC.-11.88%36 630
ITC LIMITED-17.46%32 709
PT HANJAYA MANDALA SAMPOERNA TBK-20.71%13 657
KT&G CORPORATION-10.13%9 577
PT GUDANG GARAM TBK-16.51%6 004