Projected Income Statement: Philip Morris International, Inc.

Forecast Balance Sheet: Philip Morris International, Inc.

Forecast Balance Sheet - Philip Morris International, Inc.
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 23,310 39,916 44,849 41,479 43,963 41,291 39,115 37,225
Change - 71.24% 12.36% -7.51% 5.99% -6.08% -5.27% -4.83%
Announcement Date 2/10/22 2/9/23 2/8/24 2/6/25 2/6/26 - - -
1USD in Million
Estimates

Cash Flow Forecast: Philip Morris International, Inc.

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 748 1,077 1,321 1,444 1,569 1,557 1,557 1,627
Change - 43.98% 22.66% 9.31% 8.66% -0.76% -0.01% 4.48%
Free Cash Flow (FCF) 1 11,219 9,726 7,883 10,773 10,664 3,300 4,110 -
Change - -13.31% -18.95% 36.66% -1.01% -69.05% 24.55% -100%
Announcement Date 2/10/22 2/9/23 2/8/24 2/6/25 2/6/26 - - -
1USD in Million
Estimates

Forecast Financial Ratios: Philip Morris International, Inc.

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 46.13% 43.45% 40.35% 41.13% 42.75% 45.08% 45.31% 44.91%
EBIT Margin (%) 42.95% 40.64% 37.92% 38.78% 40.42% 41.01% 41.67% 41.78%
EBT Margin (%) 38.95% 36.63% 29.71% 32.21% 34.15% 36.56% 37.54% 38.88%
Net margin (%) 29% 28.49% 22.21% 18.63% 27.92% 27.77% 29.46% 30.54%
FCF margin (%) 35.72% 30.62% 22.41% 28.44% 26.23% 7.57% 8.94% -
FCF / Net Income (%) 123.16% 107.49% 100.9% 152.66% 93.97% 27.28% 30.33% -

Profitability

        
ROA 21.16% 18.03% 14.7% 16.09% 17.94% 17.58% 19.9% 21.5%
ROE - - - - - - - 930.5%

Financial Health

        
Leverage (Debt/EBITDA) 1.61x 2.89x 3.16x 2.66x 2.53x 2.1x 1.88x 1.7x
Debt / Free cash flow 2.08x 4.1x 5.69x 3.85x 4.12x 12.51x 9.52x -

Capital Intensity

        
CAPEX / Current Assets (%) 2.38% 3.39% 3.76% 3.81% 3.86% 3.57% 3.38% 3.34%
CAPEX / EBITDA (%) 5.16% 7.8% 9.31% 9.27% 9.03% 7.93% 7.47% 7.43%
CAPEX / FCF (%) 6.67% 11.07% 16.76% 13.4% 14.71% 47.18% 37.88% -

Items per share

        
Cash flow per share 1 7.676 6.961 5.927 7.852 7.54 9.08 9.909 11.2
Change - -9.32% -14.86% 32.48% -3.96% 20.42% 9.12% 13%
Dividend per Share 1 4.9 5.04 5.2 5.4 5.64 6.073 6.399 6.792
Change - 2.86% 3.17% 3.85% 4.44% 7.68% 5.36% 6.14%
Book Value Per Share 1 -6.486 -5.771 -7.228 -7.551 -6.415 -4.321 -3.754 -1.541
Change - 11.03% -25.24% -4.48% 15.05% 32.64% 13.11% 58.94%
EPS 1 5.83 5.81 5.02 4.52 7.26 7.758 8.7 9.6
Change - -0.34% -13.6% -9.96% 60.62% 6.87% 12.13% 10.34%
Nbr of stocks (in thousands) 1,556,828 1,550,202 1,552,406 1,554,833 1,556,639 1,558,613 1,558,613 1,558,613
Announcement Date 2/10/22 2/9/23 2/8/24 2/6/25 2/6/26 - - -
1USD
Estimates
2026 *2027 *
P/E 25.7x 22.9x
PBR -46.1x -53.1x
EV / Sales 8.08x 7.6x
Yield 3.05% 3.21%

EPS & Dividend

EPS & Dividend - Philip Morris International, Inc.


Y-o-Y evolution of P/E

Valuation ratios - P/E - Philip Morris International, Inc.
 

Year-on-year evolution of the Yield

Valuation ratios - Yield - Philip Morris International, Inc.
Trader
Investor
-
Global
-
Quality
-
ESG MSCI
A
MarketScreener Ratings - Philip Morris International, Inc.
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
16
Last Close Price
199.29USD
Average target price
208.80USD
Spread / Average Target
+4.77%

Quarterly revenue - Rate of surprise

Rate of surprise - Net sales - Quarterly - Philip Morris International, Inc.
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