Added to YB: 2024-08-12
Pitch date: 2024-08-10
PM [neutral]
Philip Morris International Inc.
+67.31%
current return
Author Info
Enterprising Investor shares analysis of value stocks. Sign up for the newsletter.
Company Info
Philip Morris International Inc. operates as a tobacco company. The company offers cigarettes and smoke-free products, including heat-not-burn, e-vapor, and oral nicotine products under the IQOS, VEEV, and ZYN brands; and consumer accessories, such as lighters and matches.
Market Cap
$284.4B
Pitch Price
$109.68
Price Target
58.75 (-68%)
Dividend
3.22%
EV/EBITDA
16.69
P/E
25.16
EV/Sales
8.14
Sector
Tobacco
Category
growth
Philip Morris International Valuation
PM: Dominant in smokeless tobacco w/ Zyn & IQOS. Market prices in high growth (20x P/E vs BTI's 10x). 2024E: $36.5B rev, 35% op margin, $9.58B earnings. Fair value $58.75 (EPV) vs $115 stock price. 7% 5yr rev growth est. Moat questionable. Cigarettes declining 5%/yr. Modern products growing but unprofitable. Long-term growth uncertain.
Read full article (7 min)