PHILIP MORRIS INTERNATIONAL (4I1.DE) Fundamental Analysis & Valuation

FRA:4I1 • US7181721090

148.94 EUR
+1.7 (+1.15%)
Last: Mar 10, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

This 4I1.DE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

5

4I1 gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 4 industry peers in the Tobacco industry. 4I1 has an excellent profitability rating, but there are some minor concerns on its financial health. While showing a medium growth rate, 4I1 is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

7

1. 4I1.DE Profitability Analysis

1.1 Basic Checks

  • In the past year 4I1 was profitable.
  • In the past year 4I1 had a positive cash flow from operations.
  • Each year in the past 5 years 4I1 has been profitable.
  • In the past 5 years 4I1 always reported a positive cash flow from operatings.
4I1.DE Yearly Net Income VS EBIT VS OCF VS FCF4I1.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 16.36%, 4I1 is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
  • With a decent Return On Invested Capital value of 27.75%, 4I1 is doing good in the industry, outperforming 75.00% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for 4I1 is significantly above the industry average of 21.24%.
  • The 3 year average ROIC (26.43%) for 4I1 is below the current ROIC(27.75%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 16.36%
ROE N/A
ROIC 27.75%
ROA(3y)13.22%
ROA(5y)15.26%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)26.43%
ROIC(5y)29.99%
4I1.DE Yearly ROA, ROE, ROIC4I1.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -50 -100

1.3 Margins

  • 4I1's Profit Margin of 27.84% is fine compared to the rest of the industry. 4I1 outperforms 75.00% of its industry peers.
  • 4I1's Profit Margin has been stable in the last couple of years.
  • With a decent Operating Margin value of 38.56%, 4I1 is doing good in the industry, outperforming 75.00% of the companies in the same industry.
  • In the last couple of years the Operating Margin of 4I1 has declined.
  • 4I1 has a Gross Margin of 67.13%. This is in the better half of the industry: 4I1 outperforms 75.00% of its industry peers.
  • In the last couple of years the Gross Margin of 4I1 has remained more or less at the same level.
Industry RankSector Rank
OM 38.56%
PM (TTM) 27.84%
GM 67.13%
OM growth 3Y-1.49%
OM growth 5Y-1.6%
PM growth 3Y-0.68%
PM growth 5Y-0.12%
GM growth 3Y1.26%
GM growth 5Y0.14%
4I1.DE Yearly Profit, Operating, Gross Margins4I1.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

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4

2. 4I1.DE Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so 4I1 is creating value.
  • Compared to 1 year ago, 4I1 has about the same amount of shares outstanding.
  • 4I1 has about the same amout of shares outstanding than it did 5 years ago.
  • The debt/assets ratio for 4I1 has been reduced compared to a year ago.
4I1.DE Yearly Shares Outstanding4I1.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B
4I1.DE Yearly Total Debt VS Total Assets4I1.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20B 40B 60B

2.2 Solvency

  • An Altman-Z score of 4.04 indicates that 4I1 is not in any danger for bankruptcy at the moment.
  • The Altman-Z score of 4I1 (4.04) is better than 75.00% of its industry peers.
  • The Debt to FCF ratio of 4I1 is 4.58, which is a neutral value as it means it would take 4I1, 4.58 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 4.58, 4I1 is doing worse than 75.00% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 4.58
Altman-Z 4.04
ROIC/WACC3.13
WACC8.86%
4I1.DE Yearly LT Debt VS Equity VS FCF4I1.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10B -10B 20B 30B 40B

2.3 Liquidity

  • A Current Ratio of 0.96 indicates that 4I1 may have some problems paying its short term obligations.
  • The Current ratio of 4I1 (0.96) is better than 100.00% of its industry peers.
  • A Quick Ratio of 0.51 indicates that 4I1 may have some problems paying its short term obligations.
  • The Quick ratio of 4I1 (0.51) is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 0.96
Quick Ratio 0.51
4I1.DE Yearly Current Assets VS Current Liabilites4I1.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B 25B

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5

3. 4I1.DE Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 14.96% over the past year.
  • Measured over the past 5 years, 4I1 shows a small growth in Earnings Per Share. The EPS has been growing by 7.77% on average per year.
  • 4I1 shows a small growth in Revenue. In the last year, the Revenue has grown by 7.31%.
  • The Revenue has been growing slightly by 7.21% on average over the past years.
EPS 1Y (TTM)14.96%
EPS 3Y8.11%
EPS 5Y7.77%
EPS Q2Q%9.03%
Revenue 1Y (TTM)7.31%
Revenue growth 3Y8.57%
Revenue growth 5Y7.21%
Sales Q2Q%6.76%

3.2 Future

  • 4I1 is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 10.25% yearly.
  • The Revenue is expected to grow by 6.81% on average over the next years.
EPS Next Y15.43%
EPS Next 2Y12.09%
EPS Next 3Y11%
EPS Next 5Y10.25%
Revenue Next Year7.71%
Revenue Next 2Y7.1%
Revenue Next 3Y6.92%
Revenue Next 5Y6.81%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4I1.DE Yearly Revenue VS Estimates4I1.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 10B 20B 30B 40B 50B
4I1.DE Yearly EPS VS Estimates4I1.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2 4 6 8 10

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2

4. 4I1.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 22.84 indicates a rather expensive valuation of 4I1.
  • 4I1's Price/Earnings ratio is a bit more expensive when compared to the industry. 4I1 is more expensive than 75.00% of the companies in the same industry.
  • 4I1's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 26.25.
  • The Price/Forward Earnings ratio is 19.80, which indicates a rather expensive current valuation of 4I1.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of 4I1 indicates a slightly more expensive valuation: 4I1 is more expensive than 75.00% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 24.39, 4I1 is valued at the same level.
Industry RankSector Rank
PE 22.84
Fwd PE 19.8
4I1.DE Price Earnings VS Forward Price Earnings4I1.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as 4I1.
  • 75.00% of the companies in the same industry are cheaper than 4I1, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 25.12
EV/EBITDA 17.47
4I1.DE Per share data4I1.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 -10 20 -20

4.3 Compensation for Growth

  • 4I1's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • The decent profitability rating of 4I1 may justify a higher PE ratio.
PEG (NY)1.48
PEG (5Y)2.94
EPS Next 2Y12.09%
EPS Next 3Y11%

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4

5. 4I1.DE Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 3.46%, 4I1 has a reasonable but not impressive dividend return.
  • 4I1's Dividend Yield is slightly below the industry average, which is at 5.08.
  • 4I1's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 3.46%

5.2 History

  • The dividend of 4I1 has a limited annual growth rate of 3.22%.
Dividend Growth(5Y)3.22%
Div Incr Years5
Div Non Decr Years5
4I1.DE Yearly Dividends per share4I1.DE Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3 4 5

5.3 Sustainability

  • 76.21% of the earnings are spent on dividend by 4I1. This is not a sustainable payout ratio.
  • 4I1's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP76.21%
EPS Next 2Y12.09%
EPS Next 3Y11%
4I1.DE Yearly Income VS Free CF VS Dividend4I1.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B
4I1.DE Dividend Payout.4I1.DE Dividend Payout, showing the Payout Ratio.4I1.DE Dividend Payout.PayoutRetained Earnings

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4I1.DE Fundamentals: All Metrics, Ratios and Statistics

PHILIP MORRIS INTERNATIONAL

FRA:4I1 (3/10/2026, 7:00:00 PM)

148.94

+1.7 (+1.15%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryTobacco
Earnings (Last)02-06
Earnings (Next)04-22
Inst Owners83.11%
Inst Owner ChangeN/A
Ins Owners0.15%
Ins Owner ChangeN/A
Market Cap231.85B
Revenue(TTM)40.65B
Net Income(TTM)11.32B
Analysts79.26
Price Target163.64 (9.87%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.46%
Yearly Dividend4.79
Dividend Growth(5Y)3.22%
DP76.21%
Div Incr Years5
Div Non Decr Years5
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.2%
Min EPS beat(2)-3.43%
Max EPS beat(2)3.83%
EPS beat(4)2
Avg EPS beat(4)0.48%
Min EPS beat(4)-3.43%
Max EPS beat(4)3.83%
EPS beat(8)5
Avg EPS beat(8)0.71%
EPS beat(12)7
Avg EPS beat(12)0.23%
EPS beat(16)11
Avg EPS beat(16)2.29%
Revenue beat(2)0
Avg Revenue beat(2)-2.55%
Min Revenue beat(2)-3.64%
Max Revenue beat(2)-1.46%
Revenue beat(4)0
Avg Revenue beat(4)-2.71%
Min Revenue beat(4)-4.73%
Max Revenue beat(4)-1.03%
Revenue beat(8)2
Avg Revenue beat(8)-1.35%
Revenue beat(12)3
Avg Revenue beat(12)-1.58%
Revenue beat(16)7
Avg Revenue beat(16)0.38%
PT rev (1m)8.51%
PT rev (3m)4.41%
EPS NQ rev (1m)-3.72%
EPS NQ rev (3m)-3.72%
EPS NY rev (1m)1.27%
EPS NY rev (3m)1.15%
Revenue NQ rev (1m)-2.48%
Revenue NQ rev (3m)-2.62%
Revenue NY rev (1m)0.1%
Revenue NY rev (3m)-0.02%
Valuation
Industry RankSector Rank
PE 22.84
Fwd PE 19.8
P/S 6.59
P/FCF 25.12
P/OCF 21.9
P/B N/A
P/tB N/A
EV/EBITDA 17.47
EPS(TTM)6.52
EY4.38%
EPS(NY)7.52
Fwd EY5.05%
FCF(TTM)5.93
FCFY3.98%
OCF(TTM)6.8
OCFY4.57%
SpS22.6
BVpS-5.56
TBVpS-21.2
PEG (NY)1.48
PEG (5Y)2.94
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA 16.36%
ROE N/A
ROCE 35.82%
ROIC 27.75%
ROICexc 31.22%
ROICexgc 111.78%
OM 38.56%
PM (TTM) 27.84%
GM 67.13%
FCFM 26.24%
ROA(3y)13.22%
ROA(5y)15.26%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)26.43%
ROIC(5y)29.99%
ROICexc(3y)29.34%
ROICexc(5y)34.49%
ROICexgc(3y)118.63%
ROICexgc(5y)114.9%
ROCE(3y)34.6%
ROCE(5y)40.09%
ROICexgc growth 3Y5.23%
ROICexgc growth 5Y4.06%
ROICexc growth 3Y4.83%
ROICexc growth 5Y-9.48%
OM growth 3Y-1.49%
OM growth 5Y-1.6%
PM growth 3Y-0.68%
PM growth 5Y-0.12%
GM growth 3Y1.26%
GM growth 5Y0.14%
F-Score7
Asset Turnover0.59
Health
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 4.58
Debt/EBITDA 2.56
Cap/Depr 78.61%
Cap/Sales 3.86%
Interest Coverage 9.29
Cash Conversion 69.23%
Profit Quality 94.24%
Current Ratio 0.96
Quick Ratio 0.51
Altman-Z 4.04
F-Score7
WACC8.86%
ROIC/WACC3.13
Cap/Depr(3y)84.64%
Cap/Depr(5y)83.89%
Cap/Sales(3y)3.81%
Cap/Sales(5y)3.44%
Profit Quality(3y)116.19%
Profit Quality(5y)115.97%
High Growth Momentum
Growth
EPS 1Y (TTM)14.96%
EPS 3Y8.11%
EPS 5Y7.77%
EPS Q2Q%9.03%
EPS Next Y15.43%
EPS Next 2Y12.09%
EPS Next 3Y11%
EPS Next 5Y10.25%
Revenue 1Y (TTM)7.31%
Revenue growth 3Y8.57%
Revenue growth 5Y7.21%
Sales Q2Q%6.76%
Revenue Next Year7.71%
Revenue Next 2Y7.1%
Revenue Next 3Y6.92%
Revenue Next 5Y6.81%
EBIT growth 1Y15.18%
EBIT growth 3Y6.95%
EBIT growth 5Y5.5%
EBIT Next Year17.31%
EBIT Next 3Y11.06%
EBIT Next 5Y11.12%
FCF growth 1Y-1.01%
FCF growth 3Y3.12%
FCF growth 5Y2.98%
OCF growth 1Y0.13%
OCF growth 3Y4.23%
OCF growth 5Y4.51%

PHILIP MORRIS INTERNATIONAL / 4I1.DE FAQ

What is the ChartMill fundamental rating of PHILIP MORRIS INTERNATIONAL (4I1.DE) stock?

ChartMill assigns a fundamental rating of 5 / 10 to 4I1.DE.


What is the valuation status of PHILIP MORRIS INTERNATIONAL (4I1.DE) stock?

ChartMill assigns a valuation rating of 2 / 10 to PHILIP MORRIS INTERNATIONAL (4I1.DE). This can be considered as Overvalued.


What is the profitability of 4I1 stock?

PHILIP MORRIS INTERNATIONAL (4I1.DE) has a profitability rating of 7 / 10.


What are the PE and PB ratios of PHILIP MORRIS INTERNATIONAL (4I1.DE) stock?

The Price/Earnings (PE) ratio for PHILIP MORRIS INTERNATIONAL (4I1.DE) is 22.84 and the Price/Book (PB) ratio is -26.81.


How sustainable is the dividend of PHILIP MORRIS INTERNATIONAL (4I1.DE) stock?

The dividend rating of PHILIP MORRIS INTERNATIONAL (4I1.DE) is 4 / 10 and the dividend payout ratio is 76.21%.