- Philip Morris has reported a Q1 Adjusted EPS of $1.50, which exceeds the estimated $1.40.
- The total PMI cigarette shipment volume has reached 143.19 billion units, surpassing the 139.98 billion unit estimate.
- The cigarette shipment volume in Europe is 37.09 billion units, slightly less than the estimated 37.85 billion units.
- Regions including South & Southeast Asia, Commonwealth of Independent States, Middle East, and Africa saw a total cigarette shipment volume of 80.19 billion units, which is higher than the estimated 75.66 billion units.
- In East Asia, Australia, and PMI duty-free markets, cigarette shipment volumes were 11.57 billion units, which fell short of the 12.78 billion unit estimate.
- Americas reported a cigarette shipment volume of 14.34 billion units, higher than the 13.78 billion unit estimate.
- Heated tobacco units shipped totalled 33.13 billion units, more than the estimated 31.47 billion units.
- Heated tobacco shipment volumes divided by the region are as follows: Europe at 11.34 billion units (estimate 12.13 billion); regions including South & Southeast Asia, Commonwealth of Independent States, Middle East, and Africa at 6.08 billion units (estimate 6.33 billion); and East Asia, Australia, and PMI duty-free at 15.60 billion units (estimate 12.47 billion). In the Americas, heated tobacco shipment volume was 117 million units, significantly less than the 187.33 million unit estimate.
- Philip Morris’ goal is to improve the “Net debt to adjusted EBITDA ratio” by 0.3x to 0.5x with the target to reach around 2x before the end of 2026.
- The company has stated their commitment to overcoming these challenges in order to maintain strong growth and create value.
- According to current ratings, there are 15 buys, 2 holds, and 1 sell for Philip Morris.
Philip Morris International on Smartkarma
Analyst coverage of Philip Morris International on Smartkarma highlights key insights from Baptista Research. In the report titled “Philip Morris International: Acquisition of Swedish Match,” Baptista Research provides a bullish outlook on PMI. The analysis focuses on PMI’s strong 2023 operating performance, driven by growth in smoke-free products like IQOS and ZYN. This performance reflects PMI’s strategic shift towards less harmful alternatives to traditional cigarettes. Baptista Research also aims to assess various influencing factors on PMI’s stock price, conducting an independent valuation using a Discounted Cash Flow (DCF) methodology.
Another report, “Philip Morris International: Development of Zero-Tobacco Heat Stick & Other Developments,” by Baptista Research, sheds light on PMI’s recent performance. Although the company delivered mixed results in the previous quarter, with revenues surpassing analyst expectations but earnings falling short, it reported strong growth in total volumes, particularly driven by IQOS and ZYN. This positive trend positions PMI for its third consecutive year of growth, despite some earnings challenges. The reports showcase a detailed assessment of PMI’s strategic initiatives and financial metrics, providing valuable insights for investors on Smartkarma.
A look at Philip Morris International Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 0 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 5 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Philip Morris International Inc., known for its wide range of branded cigarettes and tobacco products globally, has been given a positive outlook across various key factors according to Smartkarma Smart Scores. With a top score in Dividend and Resilience, the company seems to be well-positioned to provide stable returns to investors while weathering market uncertainties.
In terms of growth potential, Philip Morris International received a moderate score, indicating room for expansion and development. Additionally, the company’s strong momentum score suggests a favorable market sentiment and performance outlook. Overall, with a mix of high dividend yield, resilience, and promising growth prospects, Philip Morris International appears to offer a compelling long-term investment opportunity.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
