Added to YB: 2024-02-16
Pitch date: 2024-02-15
PM [bullish]
Philip Morris International Inc.
+92.02%
current return
Author Info
Company Info
Philip Morris International Inc. operates as a tobacco company. The company offers cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches.
Market Cap
$239.2B
Pitch Price
$82.49
Price Target
N/A
Dividend
3.83%
EV/EBITDA
15.08
P/E
27.82
EV/Sales
7.18
Sector
Tobacco
Category
growth
Philip Morris International's Transformative Path to Growth
PM: Marlboro maker's cigs 61% rev (2% vol decline), but 60% margins. Non-cig 40% rev, +23% YoY from IQOS & Zyn, more profitable than cigs. $10B post-tax profits, 10% annual growth potential. 5.8% div yield, 14.3x EV/OI. Pivot to reduced-risk products to drive returns.
Read full article (2 min)