Philip Morris International Inc

Find Ratings Reports
PM : NYSE : Consumer Goods
$110.84 up 0.65 | 0.59%
Today's Range: 109.73 - 110.905
Avg. Daily Volume: 4701000.0
04/28/17 - 4:01 PM ET

Financial Analysis


PHILIP MORRIS INTERNATIONAL's gross profit margin for the first quarter of its fiscal year 2017 is essentially unchanged when compared to the same period a year ago. Even though sales decreased, the net income has increased.

At the same time, stockholders' equity ("net worth") has remained virtually unchanged only increasing by 2.83% from the same quarter last year.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. To learn more visit www.TheStreetRatings.com.



Income Statement Q1 FY17 Q1 FY16
Net Sales ($mil)6064.06083.0
EBITDA ($mil)2593.02648.0
EBIT ($mil)2396.02473.0
Net Income ($mil)1590.01530.0


Balance Sheet Q1 FY17 Q1 FY16
Cash & Equiv. ($mil)0.02944.0
Total Assets ($mil)36627.034621.0
Total Debt ($mil)31346.029793.0
Equity ($mil)-12392.0-12753.0


Profitability Q1 FY17 Q1 FY16
Gross Profit Margin66.9968.12
EBITDA Margin42.7643.53
Operating Margin39.5140.65
Sales Turnover0.730.76
Return on Assets19.1819.08
Return on Equity0.00.0
Debt Q1 FY17 Q1 FY16
Current Ratio1.261.13
Debt/Capital1.651.75
Interest Expense219.0247.0
Interest Coverage10.9410.01


Share Data Q1 FY17 Q1 FY16
Shares outstanding (mil)1551.391551.26
Div / share1.041.02
EPS1.020.98
Book value / share-7.99-8.22
Institutional Own % n/a n/a
Avg Daily Volume4687304.05050113.0

Valuation


HOLD. The current P/E ratio indicates a premium compared to an average of 19.03 for the Tobacco industry and a value on par with the S&P 500 average of 24.92. 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, but below the industry average.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
PM 24.33 Peers 19.03   PM 20.17 Peers 31.42

Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations.

PM is trading at a significant premium 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.

PM is trading at a significant discount to its peers.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
PM 20.20 Peers 14.23   PM 2.73 Peers 1.12

Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations.

PM is trading at a significant premium to its peers.

 

Premium. 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.

PM trades at a significant premium to its peers.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
PM NM Peers 10.35   PM 6.60 Peers 43.10

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.

PM'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, PM is expected to significantly trail its peers on the basis of its earnings growth rate.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
PM 6.40 Peers 6.83   PM 1.54 Peers 1.31

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.

PM is trading at a valuation on par with its industry on this measurement.

 

Higher. A sales growth rate that exceeds the industry implies that a company is gaining market share.

PM has a sales growth rate that exceeds its peers.

 

 

Latest Stock Upgrades/Downgrades