Company Valuation: Philip Morris International, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 147,899 156,896 146,050 187,124 249,685 278,639 - -
Change - 6.08% -6.91% 28.12% 33.43% 11.6% - -
Enterprise Value (EV) 1 171,209 196,812 190,899 228,603 293,648 319,690 317,487 315,505
Change - 14.95% -3% 19.75% 28.45% 8.87% -0.69% -0.62%
P/E 16.3x 17.4x 18.7x 26.6x 22.1x 22.6x 20.5x 18.4x
PBR -14.6x -17.5x -13x -15.9x -25x -42.7x -66.1x -41.9x
PEG - -50.72x -1.4x -2.67x 0.4x 2.59x 1.9x 1.7x
Capitalization / Revenue 4.71x 4.94x 4.15x 4.94x 6.14x 6.41x 6.03x 5.66x
EV / Revenue 5.45x 6.2x 5.43x 6.04x 7.22x 7.36x 6.87x 6.41x
EV / EBITDA 11.8x 14.3x 13.5x 14.7x 16.9x 16.8x 15.4x 14.5x
EV / EBIT 12.7x 15.2x 14.3x 15.6x 17.9x 18.1x 16.6x 15.5x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 4.9 5.04 5.2 5.4 - 5.97 6.407 6.792
Rate of return 5.16% 4.98% 5.53% 4.49% - 3.34% 3.58% 3.8%
EPS 2 5.83 5.81 5.02 4.52 7.26 7.894 8.74 9.701
Distribution rate 84% 86.7% 104% 119% - 75.6% 73.3% 70%
Net sales 1 31,405 31,762 35,174 37,878 40,648 43,464 46,186 49,208
EBITDA 1 14,486 13,802 14,193 15,580 17,375 19,063 20,668 21,785
EBIT 1 13,488 12,908 13,337 14,688 16,428 17,707 19,157 20,403
Net income 1 9,109 9,048 7,813 7,057 11,348 12,322 13,606 15,062
Net Debt 1 23,310 39,916 44,849 41,479 43,963 41,050 38,848 36,866
Reference price 2 95.00 101.21 94.08 120.35 160.40 178.78 178.78 178.78
Nbr of stocks (in thousands) 1,556,828 1,550,202 1,552,406 1,554,833 1,556,639 1,558,559 - -
Announcement Date 2/10/22 2/9/23 2/8/24 2/6/25 2/6/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.45x4.93x10.23x5.48% 131B
10.24x3x6.88x6.05% 28.05B
27.25x1.92x17.49x1.81% 5.87B
56.07x - - 0.4% 1.55B
12.25x - - - 1.31B
Average 23.85x 3.28x 11.53x 3.43% 33.51B
Weighted average by Cap. 13.78x 4.49x 9.92x 5.4%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  5. Valuation Philip Morris International, Inc.