Company Valuation: Philip Morris International, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 147,899 156,896 146,050 187,124 249,685 306,525 - -
Change - 6.08% -6.91% 28.12% 33.43% 22.76% - -
Enterprise Value (EV) 1 171,209 196,812 190,899 228,603 293,648 348,068 346,118 344,363
Change - 14.95% -3% 19.75% 28.45% 18.53% -0.56% -0.51%
P/E 16.3x 17.4x 18.7x 26.6x 22.1x 26.8x 23x 20.8x
PBR -14.6x -17.5x -13x -15.9x -25x -40x -50.4x -66.2x
PEG - -50.72x -1.4x -2.67x 0.4x 25.52x 1.4x 1.9x
Capitalization / Revenue 4.71x 4.94x 4.15x 4.94x 6.14x 7.03x 6.71x 6.31x
EV / Revenue 5.45x 6.2x 5.43x 6.04x 7.22x 7.98x 7.57x 7.09x
EV / EBITDA 11.8x 14.3x 13.5x 14.7x 16.9x 17.9x 16.5x 15.4x
EV / EBIT 12.7x 15.2x 14.3x 15.6x 17.9x 19.6x 18.3x 17x
EV / FCF 15.3x 20.2x 24.2x 21.2x 27.5x 46.3x 37.5x 22.3x
FCF Yield 6.55% 4.94% 4.13% 4.71% 3.63% 2.16% 2.67% 4.48%
Dividend per Share 2 4.9 5.04 5.2 5.4 5.64 6.055 6.447 6.808
Rate of return 5.16% 4.98% 5.53% 4.49% 3.52% 3.08% 3.28% 3.46%
EPS 2 5.83 5.81 5.02 4.52 7.26 7.336 8.536 9.452
Distribution rate 84% 86.7% 104% 119% 77.7% 82.5% 75.5% 72%
Net sales 1 31,405 31,762 35,174 37,878 40,648 43,609 45,699 48,547
EBITDA 1 14,486 13,802 14,193 15,580 17,375 19,441 21,001 22,324
EBIT 1 13,488 12,908 13,337 14,688 16,428 17,755 18,912 20,290
Net income 1 9,109 9,048 7,813 7,057 11,348 11,787 13,293 14,640
Net Debt 1 23,310 39,916 44,849 41,479 43,963 41,543 39,592 37,838
Reference price 2 95.00 101.21 94.08 120.35 160.40 196.66 196.66 196.66
Nbr of stocks (in thousands) 1,556,828 1,550,202 1,552,406 1,554,833 1,556,639 1,558,656 - -
Announcement Date 2/10/22 2/9/23 2/8/24 2/6/25 2/6/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
26.81x7.98x17.9x3.08% 307B
13.94x4.92x10.43x5.45% 131B
14.05x7.27x11.45x5.54% 130B
15.9x3.01x9.37x4.62% 66.55B
20.4x4.45x15.24x4.48% 37.86B
10.85x3.08x7.08x5.73% 29.32B
15.86x2.64x10.03x4.67% 13.33B
30.19x2.19x18.86x2.18% 6.35B
9.08x0.59x5.88x10.03% 4.14B
Average 17.45x 4.01x 11.81x 5.09% 81B
Weighted average by Cap. 19.94x 6.27x 13.83x 4.33%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Philip Morris International, Inc.

Historical PBR trend

Valuation ratios - PBR - Philip Morris International, Inc.

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Philip Morris International, Inc.

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Philip Morris International, Inc.


Year-on-year evolution of the Yield

Valuation ratios - Yield - Philip Morris International, Inc.
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