Professional
Added to YB: 2024-07-10
Pitch date: 2024-03-31
PM [neutral]
Philip Morris International Inc.
+78.64%
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, 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
$86.01
Price Target
N/A
Dividend
3.91%
EV/EBITDA
14.81
P/E
27.23
EV/Sales
7.05
Sector
Tobacco
Category
turnaround
Ariel Global Concentrated Exit Portfolio Holding: Philip Morris International Inc.
PM: Sold due to slowing heated tobacco growth, rising vape competition, $2B EU menthol ban hit, weak Russia sales. Q4 earnings miss, disappointing 2024 outlook. Lower combustible pricing. Exited to pursue better opportunities after strong overall performance during holding period.
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