Added to YB: 2024-02-13
Pitch date: 2024-02-11
PM [bullish]
Philip Morris International Inc.
+90.95%
current return
Author Info
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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
$239.2B
Pitch Price
$82.72
Price Target
N/A
Dividend
3.83%
EV/EBITDA
15.08
P/E
27.82
EV/Sales
7.18
Sector
Tobacco
Category
growth
Philip Morris International: More More More?
PM leads tobacco w/ Marlboro + next-gen products post Swedish Match deal. IQOS users +3.7M, volumes +14.74% in '23, overtaking Marlboro revenue despite FX pressures & costs. Cig volumes slightly down but overall grew 3 yrs straight. Margin compression from smokeless mix & $3.5B higher spend. BAT settlement reduces litigation $. ZYN +61.8% in US. Challenges: FX, funding costs, leverage; '25 buyback target. Dominant player w/ next-gen growth & strategic navigation.
Read full article (8 min)