Financials Philip Morris International, Inc.

Equities

PM

US7181721090

Tobacco

Market Closed - Nyse 04:00:03 2024-06-21 pm EDT 5-day change 1st Jan Change
99.92 USD +0.02% Intraday chart for Philip Morris International, Inc. -2.23% +6.21%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 132,389 128,930 147,899 156,896 146,050 155,331 - -
Enterprise Value (EV) 1 156,573 153,186 171,209 196,812 190,899 198,417 196,331 195,992
P/E ratio 18.5 x 16 x 16.3 x 17.4 x 18.7 x 16.5 x 14.9 x 13.8 x
Yield 5.43% 5.73% 5.16% 4.98% 5.53% 5.28% 5.5% 5.63%
Capitalization / Revenue 4.44 x 4.49 x 4.71 x 4.94 x 4.15 x 4.19 x 3.94 x 3.7 x
EV / Revenue 5.25 x 5.34 x 5.45 x 6.2 x 5.43 x 5.36 x 4.98 x 4.67 x
EV / EBITDA 12.3 x 12.1 x 11.8 x 14.3 x 13.5 x 12.7 x 11.7 x 11 x
EV / FCF 16.9 x 16.6 x 15.3 x 20.2 x 24.2 x 19.6 x 18.2 x 17.1 x
FCF Yield 5.9% 6.01% 6.55% 4.94% 4.13% 5.1% 5.5% 5.85%
Price to Book -11.4 x -10.3 x -14.6 x -17.5 x -13 x -15.9 x -21.2 x -25.9 x
Nbr of stocks (in thousands) 1,555,875 1,557,316 1,556,828 1,550,202 1,552,406 1,554,557 - -
Reference price 2 85.09 82.79 95.00 101.2 94.08 99.92 99.92 99.92
Announcement Date 2/6/20 2/4/21 2/10/22 2/9/23 2/8/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 29,805 28,694 31,405 31,762 35,174 37,032 39,419 41,954
EBITDA 1 12,724 12,679 14,486 13,802 14,193 15,614 16,755 17,830
EBIT 1 11,760 11,698 13,488 12,908 13,337 14,325 15,617 16,669
Operating Margin 39.46% 40.77% 42.95% 40.64% 37.92% 38.68% 39.62% 39.73%
Earnings before Tax (EBT) 1 9,872 10,953 12,232 11,634 10,450 12,610 13,770 14,948
Net income 1 7,185 8,056 9,109 9,048 7,813 9,431 10,297 11,211
Net margin 24.11% 28.08% 29% 28.49% 22.21% 25.47% 26.12% 26.72%
EPS 2 4.610 5.160 5.830 5.810 5.020 6.067 6.692 7.251
Free Cash Flow 1 9,238 9,210 11,219 9,726 7,883 10,126 10,803 11,465
FCF margin 30.99% 32.1% 35.72% 30.62% 22.41% 27.34% 27.41% 27.33%
FCF Conversion (EBITDA) 72.6% 72.64% 77.45% 70.47% 55.54% 64.85% 64.48% 64.3%
FCF Conversion (Net income) 128.57% 114.32% 123.16% 107.49% 100.9% 107.37% 104.91% 102.27%
Dividend per Share 2 4.620 4.740 4.900 5.040 5.200 5.278 5.497 5.630
Announcement Date 2/6/20 2/4/21 2/10/22 2/9/23 2/8/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 8,104 7,746 7,832 8,032 8,152 8,019 8,967 9,141 9,047 8,793 9,191 9,503 9,428 9,377 9,837
EBITDA 1 3,272 3,589 3,470 3,542 3,201 3,215 3,745 3,950 3,283 3,592 3,836 4,188 3,586 4,055 4,267
EBIT 1 2,993 3,340 3,224 3,330 2,976 3,019 3,532 3,734 3,052 3,360 3,609 3,880 3,460 3,802 4,017
Operating Margin 36.93% 43.12% 41.16% 41.46% 36.51% 37.65% 39.39% 40.85% 33.73% 38.21% 39.27% 40.83% 36.7% 40.54% 40.84%
Earnings before Tax (EBT) 1 2,768 3,140 2,925 2,823 2,746 2,479 2,263 3,101 2,607 2,731 3,180 3,430 2,957 3,204 3,521
Net income 1 2,093 2,331 2,233 2,087 2,397 1,995 1,568 2,054 2,196 2,148 2,265 2,562 2,391 2,474 2,586
Net margin 25.83% 30.09% 28.51% 25.98% 29.4% 24.88% 17.49% 22.47% 24.27% 24.43% 24.64% 26.96% 25.36% 26.38% 26.29%
EPS 2 1.340 1.500 1.430 1.340 1.540 1.280 1.010 1.320 1.410 1.380 1.471 1.680 1.547 1.644 1.672
Dividend per Share 2 1.250 1.250 1.250 1.270 1.270 1.270 1.270 1.300 1.300 1.300 1.335 1.287 1.332 1.338 1.349
Announcement Date 2/10/22 4/21/22 7/21/22 10/20/22 2/9/23 4/20/23 7/20/23 10/19/23 2/8/24 4/23/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 24,184 24,256 23,310 39,916 44,849 43,085 41,000 40,661
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.901 x 1.913 x 1.609 x 2.892 x 3.16 x 2.759 x 2.447 x 2.28 x
Free Cash Flow 1 9,238 9,210 11,219 9,726 7,883 10,126 10,803 11,465
ROE (net income / shareholders' equity) - - - - - - - -
ROA (Net income/ Total Assets) 17.4% 18.4% 21.2% 18% 14.7% 14.7% 15.9% 17.2%
Assets 1 41,341 43,845 43,052 50,193 53,149 64,160 64,633 65,246
Book Value Per Share 2 -7.450 -8.070 -6.490 -5.770 -7.230 -6.270 -4.710 -3.860
Cash Flow per Share 2 6.480 6.300 7.680 6.960 5.930 7.070 7.720 7.930
Capex 1 852 602 748 1,077 1,321 1,274 1,275 1,307
Capex / Sales 2.86% 2.1% 2.38% 3.39% 3.76% 3.44% 3.23% 3.12%
Announcement Date 2/6/20 2/4/21 2/10/22 2/9/23 2/8/24 - - -
1USD in Million2USD
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
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
16
Last Close Price
99.92 USD
Average target price
109.9 USD
Spread / Average Target
+9.98%
Consensus
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  4. Financials Philip Morris International, Inc.