Philip Morris International Inc

Find Ratings Reports
PM : NYSE : Consumer Goods
$119.56 | %
Today's Range: 119.45 - 120.15
Avg. Daily Volume: 3914100.0
06/23/17 - 4:00 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. PHILIP MORRIS INTERNATIONAL has weak liquidity. Currently, the Quick Ratio is 0.61 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.

At the same time, stockholders' equity ("net worth") has remained virtually unchanged only increasing by 2.83% 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 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. ($mil)5076.02944.0
Total Assets ($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)1553.141551.26
Div / share1.041.02
EPS1.020.98
Book value / share-7.98-8.22
Institutional Own % n/a n/a
Avg Daily Volume4158783.04409761.0

Valuation


HOLD. The current P/E ratio indicates a premium compared to an average of 22.29 for the Tobacco industry and a value on par with the S&P 500 average of 25.73. 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 26.66 Peers 22.29   PM 22.11 Peers 29.38

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

PM is trading at a 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 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 22.11 Peers 15.39   PM 3.03 Peers 1.28

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 11.07   PM 6.60 Peers 26.34

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 7.02 Peers 7.25   PM 1.54 Peers -0.23

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 significantly exceeds its peers.

 

 

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