ALTRIA GROUP INC (MO) Fundamental Analysis & Valuation

NYSE:MO • US02209S1033

Current stock price

67.38 USD
-0.08 (-0.12%)
At close:
67.48 USD
+0.1 (+0.15%)
After Hours:

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

9

1. MO Profitability Analysis

1.1 Basic Checks

  • In the past year MO was profitable.
  • MO had a positive operating cash flow in the past year.
  • In the past 5 years MO has always been profitable.
  • Each year in the past 5 years MO had a positive operating cash flow.
MO Yearly Net Income VS EBIT VS OCF VS FCFMO 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 0 5B 10B

1.2 Ratios

  • The Return On Assets of MO (19.78%) is better than 100.00% of its industry peers.
  • The Return On Invested Capital of MO (36.64%) is better than 100.00% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for MO is significantly above the industry average of 14.62%.
  • The 3 year average ROIC (35.29%) for MO is below the current ROIC(36.64%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 19.78%
ROE N/A
ROIC 36.64%
ROA(3y)24.25%
ROA(5y)18.91%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)35.29%
ROIC(5y)33.76%
MO Yearly ROA, ROE, ROICMO Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -200 -400

1.3 Margins

  • With an excellent Profit Margin value of 29.75%, MO belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
  • In the last couple of years the Profit Margin of MO has grown nicely.
  • The Operating Margin of MO (52.04%) is better than 100.00% of its industry peers.
  • MO's Operating Margin has improved in the last couple of years.
  • MO's Gross Margin of 62.37% is fine compared to the rest of the industry. MO outperforms 75.00% of its industry peers.
  • In the last couple of years the Gross Margin of MO has grown nicely.
Industry RankSector Rank
OM 52.04%
PM (TTM) 29.75%
GM 62.37%
OM growth 3Y3%
OM growth 5Y2.9%
PM growth 3Y9.1%
PM growth 5Y11.78%
GM growth 3Y3.44%
GM growth 5Y3.94%
MO Yearly Profit, Operating, Gross MarginsMO Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 40 60

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5

2. MO Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), MO is creating value.
  • MO has less shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, MO has less shares outstanding
  • The debt/assets ratio for MO is higher compared to a year ago.
MO Yearly Shares OutstandingMO Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B
MO Yearly Total Debt VS Total AssetsMO Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B 40B 50B

2.2 Solvency

  • MO has an Altman-Z score of 4.87. This indicates that MO is financially healthy and has little risk of bankruptcy at the moment.
  • MO's Altman-Z score of 4.87 is amongst the best of the industry. MO outperforms 100.00% of its industry peers.
  • The Debt to FCF ratio of MO is 2.83, which is a good value as it means it would take MO, 2.83 years of fcf income to pay off all of its debts.
  • MO has a better Debt to FCF ratio (2.83) than 100.00% of its industry peers.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 2.83
Altman-Z 4.87
ROIC/WACC3.91
WACC9.38%
MO Yearly LT Debt VS Equity VS FCFMO 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 20B

2.3 Liquidity

  • A Current Ratio of 0.65 indicates that MO may have some problems paying its short term obligations.
  • MO has a Current ratio of 0.65. This is amonst the worse of the industry: MO underperforms 87.50% of its industry peers.
  • A Quick Ratio of 0.53 indicates that MO may have some problems paying its short term obligations.
  • MO's Quick ratio of 0.53 is on the low side compared to the rest of the industry. MO is outperformed by 75.00% of its industry peers.
Industry RankSector Rank
Current Ratio 0.65
Quick Ratio 0.53
MO Yearly Current Assets VS Current LiabilitesMO 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

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. MO Growth Analysis

3.1 Past

  • MO shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 5.65%.
  • The Earnings Per Share has been growing slightly by 4.45% on average over the past years.
  • Looking at the last year, MO shows a decrease in Revenue. The Revenue has decreased by -3.08% in the last year.
  • Measured over the past years, MO shows a decrease in Revenue. The Revenue has been decreasing by -2.30% on average per year.
EPS 1Y (TTM)5.65%
EPS 3Y3.84%
EPS 5Y4.45%
EPS Q2Q%0.78%
Revenue 1Y (TTM)-3.08%
Revenue growth 3Y-2.47%
Revenue growth 5Y-2.3%
Sales Q2Q%14.49%

3.2 Future

  • The Earnings Per Share is expected to grow by 3.59% on average over the next years.
  • The Revenue is expected to grow by 0.91% on average over the next years.
EPS Next Y6.85%
EPS Next 2Y5.31%
EPS Next 3Y4.8%
EPS Next 5Y3.59%
Revenue Next Year0.47%
Revenue Next 2Y0.4%
Revenue Next 3Y0.19%
Revenue Next 5Y0.91%

3.3 Evolution

  • The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
MO Yearly Revenue VS EstimatesMO Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 5B 10B 15B 20B 25B
MO Yearly EPS VS EstimatesMO Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2 4 6

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7

4. MO Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 12.43 indicates a correct valuation of MO.
  • MO's Price/Earnings ratio is rather cheap when compared to the industry. MO is cheaper than 87.50% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 26.78, MO is valued rather cheaply.
  • MO is valuated reasonably with a Price/Forward Earnings ratio of 11.63.
  • Based on the Price/Forward Earnings ratio, MO is valued cheaper than 100.00% of the companies in the same industry.
  • MO's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 23.54.
Industry RankSector Rank
PE 12.43
Fwd PE 11.63
MO Price Earnings VS Forward Price EarningsMO Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • MO's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. MO is cheaper than 87.50% of the companies in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of MO indicates a rather cheap valuation: MO is cheaper than 87.50% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 12.41
EV/EBITDA 10.83
MO Per share dataMO EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 -5 10 -10

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates MO does not grow enough to justify the current Price/Earnings ratio.
  • The excellent profitability rating of MO may justify a higher PE ratio.
PEG (NY)1.81
PEG (5Y)2.79
EPS Next 2Y5.31%
EPS Next 3Y4.8%

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7

5. MO Dividend Analysis

5.1 Amount

  • MO has a Yearly Dividend Yield of 6.38%, which is a nice return.
  • MO's Dividend Yield is rather good when compared to the industry average which is at 3.41. MO pays more dividend than 100.00% of the companies in the same industry.
  • MO's Dividend Yield is rather good when compared to the S&P500 average which is at 1.89.
Industry RankSector Rank
Dividend Yield 6.38%

5.2 History

  • The dividend of MO has a limited annual growth rate of 4.09%.
  • MO has paid a dividend for at least 10 years, which is a reliable track record.
  • MO has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)4.09%
Div Incr Years16
Div Non Decr Years16
MO Yearly Dividends per shareMO Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3 4

5.3 Sustainability

  • 100.49% of the earnings are spent on dividend by MO. This is not a sustainable payout ratio.
  • The dividend of MO is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP100.49%
EPS Next 2Y5.31%
EPS Next 3Y4.8%
MO Yearly Income VS Free CF VS DividendMO Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5B 10B
MO Dividend Payout.MO Dividend Payout, showing the Payout Ratio.MO Dividend Payout.PayoutRetained Earnings

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MO Fundamentals: All Metrics, Ratios and Statistics

ALTRIA GROUP INC

NYSE:MO (4/10/2026, 8:04:00 PM)

After market: 67.48 +0.1 (+0.15%)

67.38

-0.08 (-0.12%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryTobacco
Earnings (Last)01-29
Earnings (Next)04-30
Inst Owners63.51%
Inst Owner Change0%
Ins Owners0.07%
Ins Owner Change1.79%
Market Cap112.65B
Revenue(TTM)23.28B
Net Income(TTM)6.93B
Analysts73.33
Price Target66.57 (-1.2%)
Short Float %2.92%
Short Ratio4.78
Dividend
Industry RankSector Rank
Dividend Yield 6.38%
Yearly Dividend4.14
Dividend Growth(5Y)4.09%
DP100.49%
Div Incr Years16
Div Non Decr Years16
Ex-Date03-25
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-3.51%
Min EPS beat(2)-4.24%
Max EPS beat(2)-2.79%
EPS beat(4)2
Avg EPS beat(4)-1.39%
Min EPS beat(4)-4.24%
Max EPS beat(4)0.84%
EPS beat(8)2
Avg EPS beat(8)-2.16%
EPS beat(12)2
Avg EPS beat(12)-2.43%
EPS beat(16)2
Avg EPS beat(16)-2.44%
Revenue beat(2)1
Avg Revenue beat(2)4.32%
Min Revenue beat(2)-3.97%
Max Revenue beat(2)12.62%
Revenue beat(4)1
Avg Revenue beat(4)0.7%
Min Revenue beat(4)-4.94%
Max Revenue beat(4)12.62%
Revenue beat(8)1
Avg Revenue beat(8)-1.17%
Revenue beat(12)1
Avg Revenue beat(12)-2.25%
Revenue beat(16)5
Avg Revenue beat(16)2.3%
PT rev (1m)1.29%
PT rev (3m)4.82%
EPS NQ rev (1m)0.29%
EPS NQ rev (3m)-0.67%
EPS NY rev (1m)0.83%
EPS NY rev (3m)0.83%
Revenue NQ rev (1m)-0.04%
Revenue NQ rev (3m)0.28%
Revenue NY rev (1m)-0.19%
Revenue NY rev (3m)0.62%
Valuation
Industry RankSector Rank
PE 12.43
Fwd PE 11.63
P/S 4.84
P/FCF 12.41
P/OCF 12.13
P/B N/A
P/tB N/A
EV/EBITDA 10.83
EPS(TTM)5.42
EY8.04%
EPS(NY)5.79
Fwd EY8.6%
FCF(TTM)5.43
FCFY8.05%
OCF(TTM)5.56
OCFY8.25%
SpS13.92
BVpS-2.09
TBVpS-12.66
PEG (NY)1.81
PEG (5Y)2.79
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA 19.78%
ROE N/A
ROCE 46.84%
ROIC 36.64%
ROICexc 44.31%
ROICexgc 254.35%
OM 52.04%
PM (TTM) 29.75%
GM 62.37%
FCFM 38.98%
ROA(3y)24.25%
ROA(5y)18.91%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)35.29%
ROIC(5y)33.76%
ROICexc(3y)41.2%
ROICexc(5y)39.44%
ROICexgc(3y)277.35%
ROICexgc(5y)214.93%
ROCE(3y)45.11%
ROCE(5y)43.16%
ROICexgc growth 3Y22.44%
ROICexgc growth 5Y33.89%
ROICexc growth 3Y4.83%
ROICexc growth 5Y9.91%
OM growth 3Y3%
OM growth 5Y2.9%
PM growth 3Y9.1%
PM growth 5Y11.78%
GM growth 3Y3.44%
GM growth 5Y3.94%
F-Score6
Asset Turnover0.66
Health
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 2.83
Debt/EBITDA 1.95
Cap/Depr 81.2%
Cap/Sales 0.93%
Interest Coverage 10.87
Cash Conversion 75.04%
Profit Quality 131.01%
Current Ratio 0.65
Quick Ratio 0.53
Altman-Z 4.87
F-Score6
WACC9.38%
ROIC/WACC3.91
Cap/Depr(3y)67.64%
Cap/Depr(5y)72.58%
Cap/Sales(3y)0.77%
Cap/Sales(5y)0.76%
Profit Quality(3y)106.56%
Profit Quality(5y)158.79%
High Growth Momentum
Growth
EPS 1Y (TTM)5.65%
EPS 3Y3.84%
EPS 5Y4.45%
EPS Q2Q%0.78%
EPS Next Y6.85%
EPS Next 2Y5.31%
EPS Next 3Y4.8%
EPS Next 5Y3.59%
Revenue 1Y (TTM)-3.08%
Revenue growth 3Y-2.47%
Revenue growth 5Y-2.3%
Sales Q2Q%14.49%
Revenue Next Year0.47%
Revenue Next 2Y0.4%
Revenue Next 3Y0.19%
Revenue Next 5Y0.91%
EBIT growth 1Y3.21%
EBIT growth 3Y0.45%
EBIT growth 5Y0.53%
EBIT Next Year4.05%
EBIT Next 3Y3.04%
EBIT Next 5Y2.14%
FCF growth 1Y5.38%
FCF growth 3Y4.07%
FCF growth 5Y2.16%
OCF growth 1Y6.14%
OCF growth 3Y4.01%
OCF growth 5Y2.07%

ALTRIA GROUP INC / MO Fundamental Analysis FAQ

What is the fundamental rating for MO stock?

ChartMill assigns a fundamental rating of 6 / 10 to MO.


What is the valuation status of ALTRIA GROUP INC (MO) stock?

ChartMill assigns a valuation rating of 7 / 10 to ALTRIA GROUP INC (MO). This can be considered as Undervalued.


What is the profitability of MO stock?

ALTRIA GROUP INC (MO) has a profitability rating of 9 / 10.


What is the expected EPS growth for ALTRIA GROUP INC (MO) stock?

The Earnings per Share (EPS) of ALTRIA GROUP INC (MO) is expected to grow by 6.85% in the next year.


How sustainable is the dividend of ALTRIA GROUP INC (MO) stock?

The dividend rating of ALTRIA GROUP INC (MO) is 7 / 10 and the dividend payout ratio is 100.49%.