Philip Morris International Inc.
Find Ratings Reports
0.27 |
0.32%
PHILIP MORRIS INTERNATIONAL's gross profit margin for the fourth quarter of its fiscal year 2020 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 0.56 which shows a lack of ability to cover short-term cash needs. The company's liquidity has increased from the same period last year.
During the same period, stockholders' equity ("net worth") has decreased by 8.55% 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 | Q4 FY20 | Q4 FY19 |
|---|---|---|
| Net Sales ($mil) | 7444.0 | 7713.0 |
| EBITDA ($mil) | 3136.0 | 3118.0 |
| EBIT ($mil) | 2864.0 | 2863.0 |
| Net Income ($mil) | 1976.0 | 1616.0 |
| Balance Sheet | Q4 FY20 | Q4 FY19 |
|---|---|---|
| Cash & Equiv. ($mil) | 7285.0 | 6865.0 |
| Total Assets ($mil) | 44815.0 | 42875.0 |
| Total Debt ($mil) | 32243.0 | 31808.0 |
| Equity ($mil) | -12567.0 | -11577.0 |
| Profitability | Q4 FY20 | Q4 FY19 |
|---|---|---|
| Gross Profit Margin | 68.86 | 67.08 |
| EBITDA Margin | 42.12 | 40.42 |
| Operating Margin | 38.47 | 37.12 |
| Sales Turnover | 0.64 | 0.7 |
| Return on Assets | 17.97 | 16.75 |
| Return on Equity | 0.0 | 0.0 |
| Debt | Q4 FY20 | Q4 FY19 |
|---|---|---|
| Current Ratio | 1.1 | 1.09 |
| Debt/Capital | 1.64 | 1.57 |
| Interest Expense | 164.0 | 136.0 |
| Interest Coverage | 17.46 | 21.05 |
| Share Data | Q4 FY20 | Q4 FY19 |
|---|---|---|
| Shares outstanding (mil) | 1557.37 | 1555.9 |
| Div / share | 1.2 | 1.17 |
| EPS | 1.27 | 1.04 |
| Book value / share | -8.07 | -7.44 |
| Institutional Own % | n/a | n/a |
| Avg Daily Volume | 5166082.0 | 4623917.0 |
HOLD. PHILIP MORRIS INTERNATIONAL's P/E ratio indicates a significant discount compared to an average of 30.10 for the Beverage and Tobacco Product Manufacturing subsector and a significant discount compared to the S&P 500 average of 38.99. 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 both the S&P 500 average and the subsector average, indicating a premium. Upon assessment of these and other key valuation criteria, PHILIP MORRIS INTERNATIONAL proves to trade at a discount to investment alternatives.
| Price/Earnings |
|
Price/Cash Flow |
| |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PM 16.74 | Peers 14.36 | PM 13.73 | Peers 9.60 | |||||||||||||||||||||
|
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. |
Premium. 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 premium to its peers. |
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| Price/Projected Earnings |
|
Price to Earnings/Growth |
|
|||||||||||||||||||||
| PM 13.25 | Peers 7.30 | PM 1.03 | Peers 0.46 | |||||||||||||||||||||
|
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. |
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| Price/Book |
|
Earnings Growth |
|
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| PM NM | Peers 10.06 | PM 11.90 | Peers 99.90 | |||||||||||||||||||||
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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. |
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| Price/Sales |
|
Sales Growth |
|
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| PM 4.70 | Peers 3.55 | PM -3.73 | Peers 3.55 | |||||||||||||||||||||
|
Premium. 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 significant premium to its subsector. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. PM significantly trails its peers on the basis of sales growth. |
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