Added to YB: 2026-09-18
Pitch date: 2026-09-15
PM [neutral]
Philip Morris International Inc.
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
$302.5B
Pitch Price
N/A
Price Target
N/A
Dividend
3.03%
EV/EBITDA
18.99
P/E
27.93
EV/Sales
8.17
Sector
Tobacco
Category
growth
PMI and Imperial Brands at Barclays 2026: Two Companies, Two Different Questions - $PM
PM (update): Philip Morris is maintaining FY2026 adjusted diluted EPS guidance of $8.11-$8.26, or 7.5%-9.5% currency-neutral growth, as stronger international results fund higher second-half US investment without reducing the outlook. The key question is whether that spending creates incremental ZYN demand or merely defends existing demand; with ~88% of its $340B enterprise value tied to terminal value beyond 2028, the stock is highly sensitive to any change in long-term growth.
Read full article (3 min)