Now trading at a price of $162.16, Philip Morris International Inc has moved -0.5% so far today.
Philip Morris International Inc returned gains of 35.2% last year, with its stock price reaching a high of $186.69 and a low of $116.12. Over the same period, the stock outperformed the S&P 500 index by 18.5%. More recently, the company's 50-day average price was $165.46. Philip Morris International Inc. operates as a tobacco company. Based in Stamford, CT, the Large-Cap Consumer Defensive company has 83,100 full time employees. Philip Morris International Inc has offered a 3.3% dividend yield over the last 12 months.
Wider Gross Margins Than the Industry Average of 56.0%:
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Revenue (M) | $77,921 | $28,694 | $31,405 | $31,762 | $35,174 | $37,878 |
| Gross Margins | 25% | 67% | 68% | 64% | 63% | 65% |
| Net Margins | 9% | 28% | 28% | 28% | 22% | 19% |
| Net Income (M) | $7,185 | $8,056 | $9,109 | $9,048 | $7,813 | $7,057 |
| Net Interest Expense (M) | -$570 | -$618 | -$628 | -$588 | -$1,061 | -$1,143 |
| Depreciation & Amort. (M) | $964 | $981 | $998 | $918 | $901 | $952 |
| Diluted Shares (M) | 1,556 | 1,558 | 1,559 | 1,552 | 1,553 | 1,556 |
| Earnings Per Share | $4.61 | $5.16 | $5.83 | $5.81 | $5.02 | $4.52 |
| EPS Growth | n/a | 11.93% | 12.98% | -0.34% | -13.6% | -9.96% |
| Avg. Price | $64.45 | $65.5 | $84.04 | $93.84 | $94.08 | $162.99 |
| P/E Ratio | 13.98 | 12.69 | 14.42 | 16.12 | 18.74 | 35.98 |
| Free Cash Flow (M) | $9,238 | $9,210 | $11,219 | $9,726 | $7,883 | $10,773 |
| CAPEX (M) | $852 | $602 | $748 | $1,077 | $1,321 | $1,444 |
| EV / EBITDA | 10.79 | 9.96 | 11.02 | 13.65 | 15.15 | 20.51 |
| Total Debt (M) | $30,707 | $31,292 | $27,581 | $37,486 | $45,941 | $45,558 |
| Net Debt / EBITDA | 2.07 | 1.9 | 1.65 | 2.6 | 3.44 | 2.88 |
| Current Ratio | 1.09 | 1.1 | 0.92 | 0.72 | 0.75 | 0.88 |
Philip Morris International Inc has declining revenues and increasing reinvestment in the business, flat EPS growth, and significant leverage levels. We also note that the company benefits from wider gross margins than its peer group and generally positive cash flows. However, the firm has not enough current assets to cover current liabilities because its current ratio is 0.88.
Philip Morris International Inc Is Fairly Priced at Current Levels:
Philip Morris International Inc has a trailing twelve month P/E ratio of 24.8, compared to an average of 25.91 for the Consumer Defensive sector. Based on its EPS guidance of $7.2, the company has a forward P/E ratio of 23.0. The 6.6% compound average growth rate of Philip Morris International Inc's historical and projected earnings per share yields a PEG ratio of 3.77. This suggests that these shares are overvalued.
Philip Morris International Inc Has an Average Rating of Buy:
The 15 analysts following Philip Morris International Inc have set target prices ranging from $153.0 to $220.0 per share, for an average of $189.47 with a buy rating. The company is trading -14.4% away from its average target price, indicating that there is an analyst consensus of some upside potential.
Philip Morris International Inc has a very low short interest because 0.8% of the company's shares are sold short. Institutions own 82.0% of the company's shares, and the insider ownership rate stands at 0.16%, suggesting a small amount of insider investors. The largest shareholder is Vanguard Group Inc, whose 9% stake in the company is worth $23,165,700,561.
