Professional
Added to YB: 2025-06-05
Pitch date: 2025-03-31
PM [neutral]
Philip Morris International Inc.
+18.81%
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
$284.4B
Pitch Price
$154.44
Price Target
N/A
Dividend
3.22%
EV/EBITDA
16.69
P/E
25.16
EV/Sales
8.14
Sector
Tobacco
Category
growth
Artisan Partners Value Fund Portfolio Holding: Philip Morris International Inc.
PM (holding update): Global tobacco firm shifting to smoke-free products (IQOS heat-not-burn, Zyn pouches) now 40% of gross profit. Smoke-free segment saw 330bps margin expansion. Swedish Match acquisition boosted Zyn's popularity. US market (<10% of revenue) offers growth runway with IQOS ILUMA launch in 2023. Trades at undemanding valuation with strong economics.
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