Added to YB: 2024-02-16
Pitch date: 2024-02-15
PM [bullish]
Philip Morris International Inc.
+124.47%
current return
Author Info
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
$81.75
Price Target
N/A
Dividend
3.22%
EV/EBITDA
16.69
P/E
25.16
EV/Sales
8.14
Sector
Tobacco
Category
growth
Philip Morris International's Transformative Path to Growth
PM: Marlboro maker's cigs 61% rev (2% vol decline), but 60% margins. Non-cig 40% rev, +23% YoY from IQOS & Zyn, more profitable than cigs. $10B post-tax profits, 10% annual growth potential. 5.8% div yield, 14.3x EV/OI. Pivot to reduced-risk products to drive returns.
Read full article (2 min)