Philip Morris International IncFind Ratings Reports
PHILIP MORRIS INTERNATIONAL's gross profit margin for the third quarter of its fiscal year 2016 is essentially unchanged when compared to the same period a year ago. Even though sales increased, the net income has decreased, representing a decrease to the bottom line. PHILIP MORRIS INTERNATIONAL has weak liquidity. Currently, the Quick Ratio is 0.56 which shows a lack of ability to cover short-term cash needs. The company's liquidity has increased from the same period last year, indicating improving cash flow.
During the same period, stockholders' equity ("net worth") has increased by 10.60% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the future.
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|Income Statement||Q3 FY16||Q3 FY15|
|Net Sales ($mil)||6982.0||6927.0|
|Net Income ($mil)||1938.0||1942.0|
|Balance Sheet||Q3 FY16||Q3 FY15|
|Cash & Equiv. ($mil)||4884.0||2393.0|
|Total Assets ($mil)||35577.0||32011.0|
|Total Debt ($mil)||30087.0||28907.0|
|Profitability||Q3 FY16||Q3 FY15|
|Gross Profit Margin||67.59||67.98|
|Return on Assets||18.28||22.6|
|Return on Equity||0.0||0.0|
|Debt||Q3 FY16||Q3 FY15|
|Share Data||Q3 FY16||Q3 FY15|
|Shares outstanding (mil)||1551.35||1549.29|
|Div / share||1.04||1.02|
|Book value / share||-7.83||-8.77|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||5066520.0||4367711.0|
HOLD. This stock's P/E ratio indicates a premium compared to an average of 19.97 for the Tobacco industry and a discount compared to the S&P 500 average of 25.79. 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 price-to-sales ratio is well above the S&P 500 average, but well below the industry average.
|PM 21.50||Peers 19.97||PM 17.87||Peers 26.36|
Average. An average P/E ratio can signify an industry neutral price for a stock and an average growth expectation.
PM is trading at a valuation on par with 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.
|PM 18.67||Peers 13.78||PM 12.72||Peers 4.24|
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.
|PM NM||Peers 20.39||PM -10.11||Peers 2.01|
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.
|PM 5.34||Peers 5.87||PM -5.41||Peers -0.63|
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.
Lower. A sales growth rate that trails the industry implies that a company is losing market share.
PM significantly trails its peers on the basis of sales growth