Added to YB: 2024-04-29
Pitch date: 2024-04-28
PM [bullish]
Philip Morris International Inc.
+71.78%
current return
Author Info
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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
$234.1B
Pitch Price
$89.45
Price Target
N/A
Dividend
3.91%
EV/EBITDA
14.81
P/E
27.23
EV/Sales
7.05
Sector
Tobacco
Category
growth
Philip Morris International: Product Position
$PM Q1 beat despite headwinds. HTU vol +21%, cig vol -0.4%. Likely 4th straight yr of aggregate vol growth. Cig pricing strong at +7.9%. IQOS cannibalizing cigs, taking share. Oral nicotine shined: ZYN US vol +80% (demand outpacing supply), despite price hike & leading share. Category growing fast as usage broadens. Reg risk: FDA PMTA backlog clearing this yr key for ZYN's future, but $PM well-positioned regardless given quality, legal resources, production & distro scale to defend leadership as segment rapidly expands globally.
Read full article (11 min)