Altria Group Inc.
Find Ratings ReportsALTRIA GROUP INC's gross profit margin for the fourth quarter of its fiscal year 2023 is essentially unchanged when compared to the same period a year ago. Sales and net income have dropped, underperforming the average competitor within its subsector. ALTRIA GROUP INC has very weak liquidity. Currently, the Quick Ratio is 0.38 which clearly shows a lack of ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year.
During the same period, stockholders' equity ("net worth") has increased by 10.89% from the same quarter last year. The key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the near future.
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Income Statement | Q4 FY23 | Q4 FY22 |
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Net Sales ($mil) | 5024.0 | 5083.0 |
EBITDA ($mil) | 2895.0 | 2903.0 |
EBIT ($mil) | 2817.0 | 2840.0 |
Net Income ($mil) | 2060.0 | 2690.0 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 3691.0 | 4045.0 |
Total Assets ($mil) | 38570.0 | 36954.0 |
Total Debt ($mil) | 26233.0 | 26680.0 |
Equity ($mil) | -3540.0 | -3973.0 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 70.38 | 69.92 |
EBITDA Margin | 57.62 | 57.11 |
Operating Margin | 56.07 | 55.87 |
Sales Turnover | 0.53 | 0.56 |
Return on Assets | 21.07 | 15.59 |
Return on Equity | 0.0 | 0.0 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 0.49 | 0.84 |
Debt/Capital | 1.16 | 1.18 |
Interest Expense | 231.0 | 226.0 |
Interest Coverage | 12.19 | 12.57 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 1763.46 | 1785.53 |
Div / share | 0.98 | 0.94 |
EPS | 1.16 | 1.5 |
Book value / share | -2.01 | -2.23 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 1.011034E7 | 8618850.0 |
HOLD. ALTRIA GROUP INC's P/E ratio indicates a significant discount compared to an average of 22.25 for the Beverage and Tobacco Product Manufacturing subsector and a significant discount compared to the S&P 500 average of 27.95. Normally, for additional comaprison, we would look at the price-to-book ratio; however, this company's price-to-book ratio is negative making the value useless for comparisons. The current price-to-sales ratio is well above the S&P 500 average and above the subsector average, indicating a premium. Upon assessment of these and other key valuation criteria, ALTRIA GROUP INC proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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MO 9.69 | Peers 22.25 | MO 8.41 | Peers 19.91 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. MO is trading at a significant discount to its peers. |
Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. MO is trading at a significant discount to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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MO 8.43 | Peers 16.98 | MO 0.90 | Peers 1.14 | |||||||||||||||||||||
Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations. MO is trading at a significant discount to its peers. |
Discount. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. MO trades at a discount to its peers. |
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Price/Book |
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Earnings Growth |
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MO NM | Peers 7.67 | MO 43.26 | Peers 357.05 | |||||||||||||||||||||
Neutral. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. MO's P/B is negative making this valuation measure meaningless. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, MO is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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MO 3.81 | Peers 3.77 | MO -0.90 | Peers 9.01 | |||||||||||||||||||||
Average. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. MO is trading at a valuation on par with its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. MO significantly trails its peers on the basis of sales growth. |
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