Philip Morris International Inc Stock Research

Market Summary

USD90.84+0.08

Market Closed

0.09%

PM Stock Price

PM RSI Chart

PM Valuation

Market Cap

143.5B

Price/Earnings (Trailing)

16.48

Price/Sales (Trailing)

1.78

EV/EBITDA

17.61

Price/Free Cashflow

18.88

PM Price/Sales (Trailing)

PM Profitability

EBT Margin

14.42%

Return on Assets

14.67%

Free Cashflow Yield

5.3%

PM Fundamentals

PM Revenue

Revenue (TTM)

80.6B

Revenue Y/Y

-0.12%

Revenue Q/Q

-3.56%

PM Earnings

Earnings (TTM)

8.7B

Earnings Y/Y

-14.41%

Earnings Q/Q

-16.77%

Price Action

52 Week Range

82.85105.77

(Low)(High)

Last 7 days

-2.5%

Last 30 days

-7.5%

Last 90 days

-7.8%

Trailing 12 Months

-13.7%

PM Financial Health

Current Ratio

0.72

Debt/Cashflow

0.31

PM Investor Care

Dividend Yield

5.57%

Dividend/Share (TTM)

5.06

Buy Backs (1Y)

0.43%

Diluted EPS (TTM)

5.59

Peers (Alternatives to Philip Morris International)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
KO	260.7B	43.5B	-5.18%	-3.51%	26.42	5.99	8.39%	-4.26%
PEP	253.0B	88.0B	-2.63%	8.67%	38.44	2.87	8.89%	-35.26%
PM	143.5B	80.6B	-7.49%	-13.67%	16.48	1.78	-1.90%	-3.44%
MO	80.8B	24.9B	-4.45%	-16.55%	14.44	3.24	-3.66%	85.78%
KDP	44.1B	14.3B	-11.52%	-10.64%	33.45	3.08	11.46%	-45.22%
TAP	12.4B	12.9B	2.55%	11.98%	-70.47	0.96	0.79%	-123.70%
MID-CAP
CELH	9.7B	780.2M	37.64%	92.04%	-63.58	12.44	96.20%	-1622.36%
SAM	3.9B	2.2B	1.91%	-7.25%	64.92	1.78	6.19%	213.77%
SMALL-CAP
FIZZ	4.7B	1.2B	1.61%	2.10%	33.28	3.99	4.98%	-14.14%
VGR	1.9B	1.5B	-4.96%	-2.24%	11.51	1.27	15.96%	-26.88%
UVV	1.3B	2.5B	-0.26%	-12.63%	13.71	0.52	21.63%	-4.05%
TPB	376.7M	415.1M	-8.85%	-24.87%	45.71	0.91	-5.39%	-83.93%
XXII	135.1M	64.9M	-13.23%	-66.36%	-2.61	2.08	53.74%	-15.07%
FARM	36.9M	501.3M	-34.63%	-62.09%	-1.02	0.07	11.63%	-128.21%

Financials for Philip Morris International

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Revenue	0.0%	80,646	80,669	81,468	82,197	82,209
Gross Profit	-0.8%	20,203	20,360	20,716	21,145	21,202
EBITDA	-0.4%	11,046	11,092	12,581	-	-
EBITDA Margin	0.6%	0.14*	0.14*	0.15*	-	-
Earnings Before Taxes	-5.7%	10,973	11,634	11,656	12,107	12,123
EBT Margin	0.8%	0.14*	0.14*	0.15*	-	-
Interest Expenses	-12.9%	-664	-588	-564	-580	-615
Net Income	-3.7%	8,712	9,048	8,744	9,083	9,022
Net Income Margin	4.5%	0.11*	0.11*	0.11*	-	-
Free Cahsflow	-9.3%	9,726	10,723	11,625	-	-

Balance Sheet					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Assets	0.6%	62,060	61,681	40,717	40,960	41,733
Current Assets	-0.2%	19,571	19,619	19,035	18,376	18,724
Cash Equivalents	-24.3%	2,428	3,207	5,368	5,036	4,626
Inventory	8.4%	10,712	9,886	7,153	7,551	8,684
Goodwill	1.1%	19,866	19,655	6,127	6,318	6,632
Liabilities	1.6%	69,113	67,992	48,120	48,220	49,936
Current Liabilities	-15.9%	22,985	27,336	20,772	20,547	20,417
. Short Term Borrowings	-14.8%	4,803	5,637	2,818	1,558	2,441
Long Term Debt	15.9%	40,416	34,875	21,762	22,345	24,019
Retained Earnings	0.0%	34,303	34,289	33,865	33,755	33,468
Additional Paid-In Capital	-1.9%	2,188	2,230	2,204	2,165	2,118
Minority Interest	-29.3%	1,871	2,646	1,734	1,784	1,895

* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Cashflow From Operations	-19.2%	8,730	10,803	11,742	12,544	12,650
Cashflow From Investing	-2.5%	-16,074	-15,679	-491	-2,285	-2,609
Cashflow From Financing	41.1%	5,371	3,806	-9,872	-9,654	-9,029
Dividend Payments	0.4%	7,847	7,812	7,791	7,725	7,653
Buy Backs	-100.0%	0.00	209	890	984	984

Risks for PM

What is the probability of a big loss on PM?

73.1%

Probability that Philip Morris International stock will be more than 20% underwater in next one year

30.8%

Probability that Philip Morris International stock will be more than 30% underwater in next one year.

Probability that Philip Morris International stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does PM drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Philip Morris International was unfortunately bought at previous high price.

Drawdowns

Returns for PM

Cumulative Returns on PM

4.6%

10-Year Cumulative Returns

3.6%

7-Year Cumulative Returns

7.9%

5-Year Cumulative Returns

13.0%

3-Year Cumulative Returns

What are the long-term rolling returns for PM?

FIve years rolling returns for Philip Morris International.

Annualized Returns

Which funds bought or sold PM recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-05-24	Old North State Trust, LLC	reduced	-4.09	-17,000	196,000	0.14%
2023-05-24	Verity Asset Management, Inc.	added	0.46	-47,656	1,324,450	0.79%
2023-05-23	Front Row Advisors LLC	unchanged	-	-	4,000	-%
2023-05-23	3Chopt Investment Partners, LLC	new	-	1,596,460	1,596,460	0.85%
2023-05-23	Toroso Investments, LLC	added	154	4,558,000	7,712,000	0.13%
2023-05-22	Raleigh Capital Management Inc.	added	4.94	31,403	3,805,550	1.88%
2023-05-22	Arete Wealth Advisors, LLC	reduced	-1.25	-1,281,970,000	1,218,000	0.10%
2023-05-22	American Trust	reduced	-72.98	-849,031	297,780	0.02%
2023-05-22	PUTNAM INVESTMENTS LLC	reduced	-2.13	-3,255,150	51,344,400	0.08%
2023-05-22	AMERIPRISE FINANCIAL INC	added	6.15	28,491,800	1,403,610,000	0.46%

Latest Funds Activity

Are funds buying PM calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own PM

No. of Funds

Philip Morris International News

Schedule 13G FIlings of Philip Morris International

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2023	capital world investors	6.5%	100,042,888	SC 13G/A
Feb 13, 2023	capital international investors	6.6%	103,019,220	SC 13G
Feb 09, 2023	vanguard group inc	8.65%	134,134,252	SC 13G/A
Feb 07, 2023	blackrock inc.	6.6%	102,158,305	SC 13G/A
Feb 11, 2022	capital world investors	5.2%	80,459,730	SC 13G/A
Feb 03, 2022	blackrock inc.	6.0%	94,109,468	SC 13G/A
Feb 16, 2021	capital world investors	5.3%	82,430,438	SC 13G
Feb 10, 2021	vanguard group inc	7.89%	122,884,229	SC 13G/A
Jan 29, 2021	blackrock inc.	5.8%	90,439,001	SC 13G/A
Feb 12, 2020	vanguard group inc	8.01%	124,734,308	SC 13G/A

PM Fair Value

Recent SEC filings of Philip Morris International

View All Filings

Date Filed	Form Type	Document
May 23, 2023	8-K	Current Report
May 10, 2023	25-NSE	25-NSE
May 09, 2023	8-K	Current Report
May 05, 2023	4	Insider Trading
May 05, 2023	4	Insider Trading
May 05, 2023	4	Insider Trading
May 05, 2023	4	Insider Trading
May 05, 2023	4	Insider Trading
May 05, 2023	4	Insider Trading
May 05, 2023	4	Insider Trading

Latest Insider Trading transactions for PM

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-05-03	Daboub Juan J.	acquired	175,003	96.58	1,812	-
2023-05-03	Morparia Kalpana	acquired	175,003	96.58	1,812	-
2023-05-03	Bough Bonin	acquired	175,003	96.58	1,812	-
2023-05-03	Makihara Jun	acquired	175,003	96.58	1,812	-
2023-05-03	Temperley Dessislava	acquired	175,003	96.58	1,812	-
2023-05-03	Combes Michel	acquired	175,003	96.58	1,812	-
2023-05-03	Yanai Shlomo	acquired	175,003	96.58	1,812	-
2023-05-03	Geissler Werner	acquired	175,003	96.58	1,812	-
2023-05-03	Polet Robert	acquired	175,003	96.58	1,812	-
2023-05-03	Hook Lisa	acquired	175,003	96.58	1,812	-

About Philip Morris International

Jacek Olczak

www.pmi.com

65535

Philip Morris International Inc., through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, smoke-free products, and related electronic devices and accessories. The company offers IQOS smoke-free products, including heated tobacco and nicotine-containing vapor products under the HEETS, HEETS Creations, HEETS Dimensions, HEETS Marlboro, HEETS FROM MARLBORO, Marlboro Dimensions, Marlboro HeatSticks, and Parliament HeatSticks brands, as well as under the Fiit and Miix licensed brands. It also sells its products under the Marlboro, Parliament, Bond Street, Chesterfield, L&M, Lark, and Philip Morris brands. In addition, the company owns various cigarette brands, such as Dji Sam Soe, Sampoerna A, and Sampoerna U in Indonesia; and Fortune and Jackpot in the Philippines. It markets and sells its products in the European Union, Eastern Europe, the Middle East, Africa, South and Southeast Asia, East Asia, Australia, Latin America, and Canada. Philip Morris International Inc. was incorporated in 1987 and is headquartered in New York, New York.

PM Income Statement

2023-03-31

Condensed Consolidated Statements of Earnings - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Income Statement [Abstract]
Revenues including excise taxes (includes $1,845 in 2023 and $1,629 in 2022 from related parties)	$ 19,318	$ 19,341
Excise taxes on products	11,299	11,595
Net revenues (includes $873 in 2023 and $678 in 2022 from related parties) (Note 14)	8,019	7,746
Cost of sales (Note 3)	3,038	2,608
Gross profit	4,981	5,138
Marketing, administration and research costs (Notes 3 & 17)	2,250	1,840
Operating income	2,731	3,298
Interest expense, net	230	154
Pension and other employee benefit costs (Note 5)	22	4
Earnings before income taxes	2,479	3,140
Provision for income taxes	428	619
Equity investments and securities (income)/loss, net	(51)	56
Net earnings	2,102	2,465
Net earnings attributable to noncontrolling interests	107	134
Net earnings attributable to PMI	$ 1,995	$ 2,331
Per share data (Note 8):
Basic earnings per share (in dollars per share)	$ 1.28	$ 1.50
Diluted earnings per share (in dollars per share)	$ 1.28	$ 1.50

PM Balance Sheet

2023-03-31

Condensed Consolidated Balance Sheets - USD ($)
$ in Millions

Mar. 31, 2023

Dec. 31, 2022

ASSETS

Cash and cash equivalents

$ 2,428

$ 3,207

Trade receivables (less allowances of $52 in 2023 and $42 in 2022) (1)

^[1]

3,642

3,850

Other receivables (less allowances of $33 in 2023 and $32 in 2022)

957

906

Inventories:

Leaf tobacco

1,848

1,674

Other raw materials

2,276

2,028

Finished product

6,588

6,184

Total inventory, net

10,712

9,886

Other current assets

1,832

1,770

Total current assets

19,571

19,619

Property, plant and equipment, at cost

15,777

15,443

Less: accumulated depreciation

8,989

8,733

Total property, plant and equipment, net

6,788

6,710

Goodwill (Note 6)

19,866

19,655

Other intangible assets, net (Note 6)

6,732

Equity investments (Note 14)

4,504

4,431

Deferred income taxes

585

603

Other assets (less allowances of $20 in 2023 and $20 in 2022) (Note 2)

4,014

3,931

TOTAL ASSETS

62,060

61,681

LIABILITIES

Short-term borrowings (Note 12)

4,803

5,637

Current portion of long-term debt (Note 12)

1,902

2,611

Accounts payable

3,945

4,076

Accrued liabilities:

Marketing and selling

662

695

Taxes, except income taxes

5,133

7,440

Employment costs

939

1,168

Dividends payable

1,991

1,990

Other

2,675

2,679

Income taxes

935

1,040

Total current liabilities

22,985

27,336

Long-term debt (Note 12)

40,416

34,875

Deferred income taxes

1,822

1,956

Employment costs

1,977

1,984

Income taxes and other liabilities

1,913

1,841

Total liabilities

69,113

67,992

Contingencies (Note 10)

STOCKHOLDERS’ (DEFICIT) EQUITY

Common stock, no par value (2,109,316,331 shares issued in 2023 and 2022)

Additional paid-in capital

2,188

2,230

Earnings reinvested in the business

34,303

34,289

Accumulated other comprehensive losses (Note 13)

(9,614)

(9,559)

Total stockholders' equity before treasury stock

26,877

26,960

Less: cost of repurchased stock (557,164,352 and 559,098,620 shares in 2023 and 2022, respectively)

35,801

35,917

Total PMI stockholders’ deficit

(8,924)

(8,957)

Noncontrolling interests

1,871

2,646

Total stockholders’ deficit

(7,053)

(6,311)

TOTAL LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY

$ 62,060

$ 61,681

[1]

Includes trade receivables from related parties of $708 million and $688 million as of March 31, 2023, and December 31, 2022, respectively (less allowances of $17 million as of March 31, 2023 and $7 million as of December 31, 2022). For further details, see Note 14. Related Parties - Equity Investments and Other.