Sunday, June 26, 2022

Performance, Earnings, and Valuation Analysis: Philip Morris International Inc. (PM)

Despite certain negative macroeconomic circumstances, Philip Morris International Inc. (NYSE: PM) was able to outperform estimates in the first quarter of this year.


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Philip Morris boosted their net sales by 2.1 percent to $7.7 billion, although organic growth was just 9%. This discrepancy is due to the company’s decision to discontinue selling items in some locations.

At the same time, sales surpassed Wall Street experts’ expectations. Philip Morris International Inc. (PM) adjusted diluted earnings per quarter were $1.56, down 0.6 percent year over year but still exceeded Wall Street’s estimates.

Analysts are generally optimistic about Philip Morris’ prospects, estimating that the business would be able to create 4 percent YoY growth per diluted share over the next five years. The revenue structure will be dominated by next-generation cigarette products.

Philip Morris International Inc. (PM) is anticipated to become the leading smoke-free corporation by 2025. Smoke-free goods accounted for 30.4 percent of the company’s revenue during the quarter. In the first quarter, shipments of cigarettes and heated tobacco products (such as IQOS) increased by 4.9 percent to 155.3 billion.

Although the payout ratio is projected at a high of 90.1 percent in 2022, Philip Morris is a steady dividend provider.

However, once Philip Morris International Inc. (PM) International’s adjusted diluted earnings per share recover, dividend coverage could improve significantly. As a result, equities are expected to pay out yearly dividends in the mid-single digits in the future years.

This might be a solid combination of profits and growth prospects, given Philip Morris International’s strong dividend yield of 4.7 percent.

PM’s stock has grown by 4.84 percent in the last year, while the stock has increased by 13.84 percent in the previous six months. PM’s quarterly performance is at -5.23 percent, with a 0.21 percent gain in the previous month. The latest weekly performance is -2.83 percent.

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