PHILIP MORRIS INTERNATIONAL (PM) Fundamental Analysis & Valuation

NYSE:PM • US7181721090

Current stock price

174.66 USD
+2.66 (+1.55%)
At close:
175 USD
+0.34 (+0.19%)
After Hours:

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

8

1. PM Profitability Analysis

1.1 Basic Checks

  • PM had positive earnings in the past year.
  • In the past year PM had a positive cash flow from operations.
  • In the past 5 years PM has always been profitable.
  • PM had a positive operating cash flow in each of the past 5 years.
PM Yearly Net Income VS EBIT VS OCF VS FCFPM 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%, PM belongs to the top of the industry, outperforming 87.50% of the companies in the same industry.
  • PM has a better Return On Invested Capital (27.75%) than 87.50% of its industry peers.
  • PM had an Average Return On Invested Capital over the past 3 years of 26.43%. This is significantly above the industry average of 14.46%.
  • The 3 year average ROIC (26.43%) for PM 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%
PM Yearly ROA, ROE, ROICPM Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -50 -100

1.3 Margins

  • PM has a better Profit Margin (27.84%) than 87.50% of its industry peers.
  • In the last couple of years the Profit Margin of PM has remained more or less at the same level.
  • The Operating Margin of PM (38.56%) is better than 87.50% of its industry peers.
  • In the last couple of years the Operating Margin of PM has declined.
  • The Gross Margin of PM (67.13%) is better than 87.50% of its industry peers.
  • In the last couple of years the Gross Margin of PM 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%
PM Yearly Profit, Operating, Gross MarginsPM 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. PM Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so PM is creating value.
  • The number of shares outstanding for PM remains at a similar level compared to 1 year ago.
  • The number of shares outstanding for PM remains at a similar level compared to 5 years ago.
  • The debt/assets ratio for PM has been reduced compared to a year ago.
PM Yearly Shares OutstandingPM Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B
PM Yearly Total Debt VS Total AssetsPM 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 4.06 indicates that PM is not in any danger for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 4.06, PM is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
  • PM has a debt to FCF ratio of 4.58. This is a neutral value as PM would need 4.58 years to pay back of all of its debts.
  • With a decent Debt to FCF ratio value of 4.58, PM is doing good in the industry, outperforming 62.50% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 4.58
Altman-Z 4.06
ROIC/WACC3.08
WACC9.02%
PM Yearly LT Debt VS Equity VS FCFPM 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

  • PM has a Current Ratio of 0.96. This is a bad value and indicates that PM is not financially healthy enough and could expect problems in meeting its short term obligations.
  • The Current ratio of PM (0.96) is worse than 62.50% of its industry peers.
  • PM has a Quick Ratio of 0.96. This is a bad value and indicates that PM is not financially healthy enough and could expect problems in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 0.51, PM is doing worse than 87.50% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.96
Quick Ratio 0.51
PM Yearly Current Assets VS Current LiabilitesPM 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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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. PM Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 14.96% over the past year.
  • PM shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 7.77% yearly.
  • PM shows a small growth in Revenue. In the last year, the Revenue has grown by 7.31%.
  • Measured over the past years, PM shows a small growth in Revenue. The Revenue has been growing by 7.21% on average per year.
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

  • PM is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 10.25% yearly.
  • PM is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.81% yearly.
EPS Next Y13.99%
EPS Next 2Y11.47%
EPS Next 3Y11.03%
EPS Next 5Y10.25%
Revenue Next Year7.69%
Revenue Next 2Y7.07%
Revenue Next 3Y6.88%
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.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
PM Yearly Revenue VS EstimatesPM 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
PM Yearly EPS VS EstimatesPM 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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3

4. PM Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 23.20 indicates a rather expensive valuation of PM.
  • PM's Price/Earnings ratio is in line with the industry average.
  • PM is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 25.70, which is the current average of the S&P500 Index.
  • A Price/Forward Earnings ratio of 20.35 indicates a rather expensive valuation of PM.
  • The rest of the industry has a similar Price/Forward Earnings ratio as PM.
  • PM's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 23.84.
Industry RankSector Rank
PE 23.2
Fwd PE 20.35
PM Price Earnings VS Forward Price EarningsPM Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • 62.50% of the companies in the same industry are more expensive than PM, based on the Enterprise Value to EBITDA ratio.
  • PM's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 25.5
EV/EBITDA 17.63
PM Per share dataPM EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 -10 20 -20

4.3 Compensation for Growth

  • PM's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • The excellent profitability rating of PM may justify a higher PE ratio.
PEG (NY)1.66
PEG (5Y)2.99
EPS Next 2Y11.47%
EPS Next 3Y11.03%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. PM Dividend Analysis

5.1 Amount

  • PM has a Yearly Dividend Yield of 3.14%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 3.24, PM has a dividend in line with its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.82, PM pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.14%

5.2 History

  • The dividend of PM has a limited annual growth rate of 3.22%.
  • PM has been paying a dividend for at least 10 years, so it has a reliable track record.
  • PM has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)3.22%
Div Incr Years16
Div Non Decr Years16
PM Yearly Dividends per sharePM Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1 2 3 4 5

5.3 Sustainability

  • PM pays out 76.21% of its income as dividend. This is not a sustainable payout ratio.
  • PM's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP76.21%
EPS Next 2Y11.47%
EPS Next 3Y11.03%
PM Yearly Income VS Free CF VS DividendPM 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
PM Dividend Payout.PM Dividend Payout, showing the Payout Ratio.PM Dividend Payout.PayoutRetained Earnings

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PM Fundamentals: All Metrics, Ratios and Statistics

PHILIP MORRIS INTERNATIONAL

NYSE:PM (3/13/2026, 8:04:00 PM)

After market: 175 +0.34 (+0.19%)

174.66

+2.66 (+1.55%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryTobacco
Earnings (Last)02-06
Earnings (Next)04-22
Inst Owners82.83%
Inst Owner Change-0.52%
Ins Owners0.14%
Ins Owner Change2.83%
Market Cap271.89B
Revenue(TTM)40.65B
Net Income(TTM)11.32B
Analysts80
Price Target195.24 (11.78%)
Short Float %1.23%
Short Ratio3.45
Dividend
Industry RankSector Rank
Dividend Yield 3.14%
Yearly Dividend5.54
Dividend Growth(5Y)3.22%
DP76.21%
Div Incr Years16
Div Non Decr Years16
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)8.15%
PT rev (3m)5.66%
EPS NQ rev (1m)-3.72%
EPS NQ rev (3m)-3.72%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.11%
Revenue NQ rev (1m)-2.48%
Revenue NQ rev (3m)-2.62%
Revenue NY rev (1m)0.08%
Revenue NY rev (3m)-0.04%
Valuation
Industry RankSector Rank
PE 23.2
Fwd PE 20.35
P/S 6.69
P/FCF 25.5
P/OCF 22.23
P/B N/A
P/tB N/A
EV/EBITDA 17.63
EPS(TTM)7.53
EY4.31%
EPS(NY)8.58
Fwd EY4.91%
FCF(TTM)6.85
FCFY3.92%
OCF(TTM)7.86
OCFY4.5%
SpS26.11
BVpS-6.42
TBVpS-24.5
PEG (NY)1.66
PEG (5Y)2.99
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 4.06
F-Score7
WACC9.02%
ROIC/WACC3.08
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 Y13.99%
EPS Next 2Y11.47%
EPS Next 3Y11.03%
EPS Next 5Y10.25%
Revenue 1Y (TTM)7.31%
Revenue growth 3Y8.57%
Revenue growth 5Y7.21%
Sales Q2Q%6.76%
Revenue Next Year7.69%
Revenue Next 2Y7.07%
Revenue Next 3Y6.88%
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 / PM Fundamental Analysis FAQ

What is the fundamental rating for PM stock?

ChartMill assigns a fundamental rating of 5 / 10 to PM.


Can you provide the valuation status for PHILIP MORRIS INTERNATIONAL?

ChartMill assigns a valuation rating of 3 / 10 to PHILIP MORRIS INTERNATIONAL (PM). This can be considered as Overvalued.


What is the profitability of PM stock?

PHILIP MORRIS INTERNATIONAL (PM) has a profitability rating of 8 / 10.


Can you provide the financial health for PM stock?

The financial health rating of PHILIP MORRIS INTERNATIONAL (PM) is 4 / 10.


How sustainable is the dividend of PHILIP MORRIS INTERNATIONAL (PM) stock?

The dividend rating of PHILIP MORRIS INTERNATIONAL (PM) is 6 / 10 and the dividend payout ratio is 76.21%.