Financials Philip Morris CR

Equities

TABAK

CS0008418869

Tobacco

End-of-day quote Prague S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
15,960 CZK +1.01% Intraday chart for Philip Morris CR +0.88% +2.18%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2024 2025 2026
Capitalization 1 41,949 41,071 44,201 45,903 43,816 - -
Enterprise Value (EV) 1 41,949 41,071 44,201 45,903 43,816 43,816 43,816
P/E ratio 10.4 x 11.6 x - 12.6 x 13.5 x 13.1 x 12.8 x
Yield 10.5% 8.42% 8.14% 7.83% 8.16% 8.1% 8.05%
Capitalization / Revenue 2.45 x 2.3 x 2.34 x 2.19 x 2 x 1.98 x 1.95 x
EV / Revenue 2.45 x 2.3 x 2.34 x 2.19 x 2 x 1.98 x 1.95 x
EV / EBITDA 7.34 x 7.74 x 8.66 x 9.24 x 9.08 x 8.88 x 8.79 x
EV / FCF 8.26 x 6.8 x - - 14.1 x 11.3 x 12.5 x
FCF Yield 12.1% 14.7% - - 7.1% 8.85% 7.97%
Price to Book 4.45 x - - - - - -
Nbr of stocks (in thousands) 2,745 2,745 2,745 2,745 2,745 - -
Reference price 2 15,280 14,960 16,100 16,720 15,960 15,960 15,960
Announcement Date 3/24/20 3/31/21 3/30/22 4/3/23 - - -
1CZK in Million2CZK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2024 2025 2026
Net sales 1 17,092 17,883 18,867 20,948 21,939 22,157 22,434
EBITDA 1 5,713 5,303 5,105 4,967 4,826 4,932 4,987
EBIT 1 5,010 4,453 4,367 4,243 4,263 4,256 4,258
Operating Margin 29.31% 24.9% 23.15% 20.25% 19.43% 19.21% 18.98%
Earnings before Tax (EBT) 1 5,065 4,460 - - 4,116 4,222 4,277
Net income 1 4,021 3,527 - 3,636 3,576 3,568 3,539
Net margin 23.53% 19.72% - 17.36% 16.3% 16.1% 15.77%
EPS 2 1,464 1,285 - 1,324 1,184 1,215 1,248
Free Cash Flow 1 5,080 6,040 - - 3,111 3,878 3,492
FCF margin 29.72% 33.78% - - 14.18% 17.5% 15.57%
FCF Conversion (EBITDA) 88.92% 113.9% - - 64.46% 78.63% 70.02%
FCF Conversion (Net income) 126.34% 171.25% - - 87.01% 108.7% 98.67%
Dividend per Share 2 1,600 1,260 1,310 1,310 1,302 1,292 1,286
Announcement Date 3/24/20 3/31/21 3/30/22 4/3/23 - - -
1CZK in Million2CZK
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S1 2020 S2 2021 S1 2022 S1 2022 S2 2023 S1
Net sales 1 8,901 8,573 9,310 8,887 9,810 11,138 9,711
EBITDA 1 2,834 2,575 2,728 2,475 2,437 2,502 2,143
EBIT 1 2,514 2,173 2,280 2,087 2,119 2,124 1,826
Operating Margin 28.24% 25.35% 24.49% 23.48% 21.6% 19.07% 18.8%
Earnings before Tax (EBT) - - - - - - -
Net income 1 2,001 1,735 1,792 1,728 1,830 1,806 1,653
Net margin 22.48% 20.24% 19.25% 19.44% 18.65% 16.21% 17.02%
EPS 2 728.0 632.0 653.0 630.0 666.0 658.0 602.0
Dividend per Share - - - - - - -
Announcement Date 3/24/20 10/2/20 3/31/21 9/30/21 9/29/22 4/3/23 -
1CZK in Million2CZK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2024 2025 2026
Net Debt - - - - - - -
Net Cash position - - - - - - -
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow 1 5,080 6,040 - - 3,111 3,878 3,492
ROE (net income / shareholders' equity) 41.8% 39% - - 38.8% 39.4% 39.7%
ROA (Net income/ Total Assets) - - - - 19.5% 19.2% 19.2%
Assets 1 - - - - 18,336 18,581 18,432
Book Value Per Share 3,437 - - - - - -
Cash Flow per Share 2 - - - - 1,688 1,604 1,559
Capex 1 390 334 - - 620 550 500
Capex / Sales 2.28% 1.87% - - 2.83% 2.48% 2.23%
Announcement Date 3/24/20 3/31/21 3/30/22 4/3/23 - - -
1CZK in Million2CZK
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
3
Last Close Price
15,960 CZK
Average target price
17,369 CZK
Spread / Average Target
+8.83%
Consensus
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