Added to YB: 2026-05-01
Pitch date: 2026-04-29
PM [neutral]
Philip Morris International Inc.
+18.43%
current return
Author Info
No bio for this author
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
$312.0B
Pitch Price
$162.12
Price Target
N/A
Dividend
2.94%
EV/EBITDA
19.51
P/E
28.80
EV/Sales
8.39
Sector
Tobacco
Category
growth
PMI's Q1 Beat and the Danger of a Single Story
PM (earnings): Q1 EPS $1.96 beat est $1.83 (+7%), rev $10.1B (+1.7% vs consensus). Reaffirmed FY26 guide: +5-7% organic rev, +7-9% op income, +7.5-9.5% EPS. ZYN US shipments -30.8%, but IQOS in-market sales +10.9%, VEEV 1B units, int'l combustibles pricing +8.5%. Stock +8% post-print despite no ZYN recovery; rally driven by market repricing multi-category resilience vs ZYN dependency. Key risks: Japan price elasticity post-April 1 hike, H2 margin recovery execution.
Read full article (9 min)