Company Valuation: Philip Morris International, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 128,930 147,899 156,896 146,050 187,124 278,196 - -
Change - 14.71% 6.08% -6.91% 28.12% 48.67% - -
Enterprise Value (EV) 1 153,186 171,209 196,812 190,899 228,603 318,143 315,262 312,423
Change - 11.77% 14.95% -3% 19.75% 39.17% -0.91% -0.9%
P/E ratio 16x 16.3x 17.4x 18.7x 26.6x 24.7x 22.2x 20.3x
PBR -10.3x -14.6x -17.5x -13x -15.9x -27.9x -43.6x -39.2x
PEG - 1.3x -50.72x -1.4x -2.67x 0.4x 2x 2.13x
Capitalization / Revenue 4.49x 4.71x 4.94x 4.15x 4.94x 6.76x 6.24x 5.86x
EV / Revenue 5.34x 5.45x 6.2x 5.43x 6.04x 7.73x 7.07x 6.58x
EV / EBITDA 12.1x 11.8x 14.3x 13.5x 14.7x 17.6x 15.9x 14.5x
EV / EBIT 13.1x 12.7x 15.2x 14.3x 15.6x 19.2x 17.4x 15.9x
EV / FCF 16.6x 15.3x 20.2x 24.2x 21.2x 28.9x 24.4x 21.7x
FCF Yield 6.01% 6.55% 4.94% 4.13% 4.71% 3.46% 4.1% 4.6%
Dividend per Share 2 4.74 4.9 5.04 5.2 5.4 5.584 5.925 6.235
Rate of return 5.73% 5.16% 4.98% 5.53% 4.49% 3.12% 3.31% 3.49%
EPS 2 5.16 5.83 5.81 5.02 4.52 7.234 8.055 8.823
Distribution rate 91.9% 84% 86.7% 104% 119% 77.2% 73.6% 70.7%
Net sales 1 28,694 31,405 31,762 35,174 37,878 41,146 44,610 47,466
EBITDA 1 12,679 14,486 13,802 14,193 15,580 18,039 19,851 21,603
EBIT 1 11,698 13,488 12,908 13,337 14,688 16,591 18,100 19,672
Net income 1 8,056 9,109 9,048 7,813 7,057 11,286 12,525 13,700
Net Debt 1 24,256 23,310 39,916 44,849 41,479 39,947 37,066 34,227
Reference price 2 82.79 95.00 101.21 94.08 120.35 178.73 178.73 178.73
Nbr of stocks (in thousands) 1,557,316 1,556,828 1,550,202 1,552,406 1,554,833 1,556,517 - -
Announcement Date 2/4/21 2/10/22 2/9/23 2/8/24 2/6/25 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
24.71x7.73x17.64x3.12% 278B
11.57x4.47x9.3x6.41% 112B
10.5x3.25x7.5x5.56% 31.61B
83.12x8.93x56.26x0.47% 17.43B
41.39x - - - 5.65B
25.35x - - - 1.4B
Average 32.77x 6.10x 22.67x 3.89% 74.4B
Weighted average by Cap. 22.90x 6.63x 16.31x 4.03%
See all sector valuations

Year-on-year evolution of the PER

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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