Professional
Added to YB: 2024-09-11
Pitch date: 2024-08-30
PM [bullish]
Philip Morris International Inc.
+57.2%
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
$116.73
Price Target
N/A
Dividend
3.22%
EV/EBITDA
16.69
P/E
25.16
EV/Sales
8.14
Sector
Tobacco
Category
value
Broyhill Asset Management Portfolio Holding: Philip Morris International Inc.
PM: Smoke-free products now 40% of revenue, driving upward guidance revisions. Zyn volume guidance up to 560-580M units for FY24. Stock rallied 26% in Q2-Q3, outperforming S&P/Nasdaq over 3 years. At 14.5x FY25 est., valuation still underestimates smoke-free transition potential.
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