PHILIP MORRIS INTERNATIONAL (4I1.DE) Stock Fundamental Analysis
FRA:4I1 - Deutsche Boerse Ag - US7181721090 - Common Stock - Currency: EUR
We assign a fundamental rating of 4 out of 10 to 4I1. 4I1 was compared to 6 industry peers in the Tobacco industry. 4I1 has an average financial health and profitability rating. 4I1 is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
4I1 had positive earnings in the past year.
4I1 had a positive operating cash flow in the past year.
In the past 5 years 4I1 has always been profitable.
Each year in the past 5 years 4I1 had a positive operating cash flow.
1.2 Ratios
The Return On Assets of 4I1 (11.38%) is better than 75.00% of its industry peers.
The Return On Invested Capital of 4I1 (26.67%) is better than 75.00% of its industry peers.
The Average Return On Invested Capital over the past 3 years for 4I1 is in line with the industry average of 23.89%.
The last Return On Invested Capital (26.67%) for 4I1 is above the 3 year average (25.07%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.38% | ||
| ROE | N/A | ||
| ROIC | 26.67% |
ROA(3y)12.65%
ROA(5y)15.58%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)25.07%
ROIC(5y)31.2%
1.3 Margins
4I1 has a better Profit Margin (18.57%) than 75.00% of its industry peers.
In the last couple of years the Profit Margin of 4I1 has declined.
4I1 has a better Operating Margin (35.93%) than 75.00% of its industry peers.
4I1's Operating Margin has been stable in the last couple of years.
The Gross Margin of 4I1 (64.81%) is better than 75.00% of its industry peers.
In the last couple of years the Gross Margin of 4I1 has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 35.93% | ||
| PM (TTM) | 18.57% | ||
| GM | 64.81% |
OM growth 3Y-4.61%
OM growth 5Y-0.93%
PM growth 3Y-13.73%
PM growth 5Y-5.04%
GM growth 3Y-1.62%
GM growth 5Y0.03%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), 4I1 is creating value.
4I1 has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for 4I1 remains at a similar level compared to 5 years ago.
The debt/assets ratio for 4I1 is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 3.96 indicates that 4I1 is not in any danger for bankruptcy at the moment.
4I1's Altman-Z score of 3.96 is fine compared to the rest of the industry. 4I1 outperforms 75.00% of its industry peers.
The Debt to FCF ratio of 4I1 is 4.24, which is a neutral value as it means it would take 4I1, 4.24 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of 4I1 (4.24) is worse than 75.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | N/A | ||
| Debt/FCF | 4.24 | ||
| Altman-Z | 3.96 |
ROIC/WACC3.38
WACC7.9%
2.3 Liquidity
4I1 has a Current Ratio of 0.88. This is a bad value and indicates that 4I1 is not financially healthy enough and could expect problems in meeting its short term obligations.
With an excellent Current ratio value of 0.88, 4I1 belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
4I1 has a Quick Ratio of 0.88. This is a bad value and indicates that 4I1 is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.47, 4I1 is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.88 | ||
| Quick Ratio | 0.47 |
3. Growth
3.1 Past
4I1 shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 8.99%, which is quite good.
The Earnings Per Share has been growing slightly by 4.72% on average over the past years.
The Revenue has been growing slightly by 7.44% in the past year.
Measured over the past years, 4I1 shows a small growth in Revenue. The Revenue has been growing by 4.91% on average per year.
EPS 1Y (TTM)8.99%
EPS 3Y2.57%
EPS 5Y4.72%
EPS Q2Q%13.97%
Revenue 1Y (TTM)7.44%
Revenue growth 3Y6.45%
Revenue growth 5Y4.91%
Sales Q2Q%7.28%
3.2 Future
The Earnings Per Share is expected to grow by 11.09% on average over the next years. This is quite good.
The Revenue is expected to grow by 7.00% on average over the next years.
EPS Next Y12.23%
EPS Next 2Y11.27%
EPS Next 3Y10.81%
EPS Next 5Y11.09%
Revenue Next Year5.66%
Revenue Next 2Y6.83%
Revenue Next 3Y6.84%
Revenue Next 5Y7%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 23.18, the valuation of 4I1 can be described as rather expensive.
Compared to the rest of the industry, the Price/Earnings ratio of 4I1 indicates a slightly more expensive valuation: 4I1 is more expensive than 75.00% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 29.35. 4I1 is valued slightly cheaper when compared to this.
With a Price/Forward Earnings ratio of 20.64, 4I1 is valued on the expensive side.
Based on the Price/Forward Earnings ratio, 4I1 is valued a bit more expensive than 75.00% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.10. 4I1 is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.18 | ||
| Fwd PE | 20.64 |
4.2 Price Multiples
4I1's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. 4I1 is more expensive than 75.00% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, 4I1 is valued a bit more expensive than the industry average as 75.00% of the companies are valued more cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.9 | ||
| EV/EBITDA | 18.01 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The decent profitability rating of 4I1 may justify a higher PE ratio.
PEG (NY)1.9
PEG (5Y)4.91
EPS Next 2Y11.27%
EPS Next 3Y10.81%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.52%, 4I1 has a reasonable but not impressive dividend return.
4I1's Dividend Yield is slightly below the industry average, which is at 5.83.
Compared to an average S&P500 Dividend Yield of 2.33, 4I1 pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.52% |
5.2 History
The dividend of 4I1 has a limited annual growth rate of 2.76%.
Dividend Growth(5Y)2.76%
Div Incr Years4
Div Non Decr Years4
5.3 Sustainability
4I1 pays out 116.53% of its income as dividend. This is not a sustainable payout ratio.
The dividend of 4I1 is growing, but earnings are growing more, so the dividend growth is sustainable.
DP116.53%
EPS Next 2Y11.27%
EPS Next 3Y10.81%
FRA:4I1 (3/7/2025, 7:00:00 PM)
139.76
-1.62 (-1.15%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryTobacco
Earnings (Last)
Earnings (Next)
Inst Owners80.71%
Inst Owner ChangeN/A
Ins Owners0.13%
Ins Owner ChangeN/A
Market Cap217.31B
Analysts81.74
Price Target144.24 (3.21%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.52% |
Yearly Dividend4.86
Dividend Growth(5Y)2.76%
DP116.53%
Div Incr Years4
Div Non Decr Years4
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)1.11%
Min EPS beat(2)0.44%
Max EPS beat(2)1.78%
EPS beat(4)3
Avg EPS beat(4)0.95%
Min EPS beat(4)-1.59%
Max EPS beat(4)3.16%
EPS beat(8)5
Avg EPS beat(8)0.1%
EPS beat(12)9
Avg EPS beat(12)2.89%
EPS beat(16)10
Avg EPS beat(16)2.49%
Revenue beat(2)0
Avg Revenue beat(2)-0.41%
Min Revenue beat(2)-0.69%
Max Revenue beat(2)-0.13%
Revenue beat(4)2
Avg Revenue beat(4)0.02%
Min Revenue beat(4)-0.69%
Max Revenue beat(4)0.81%
Revenue beat(8)3
Avg Revenue beat(8)-1.01%
Revenue beat(12)7
Avg Revenue beat(12)1.42%
Revenue beat(16)9
Avg Revenue beat(16)0.96%
PT rev (1m)9.23%
PT rev (3m)9.08%
EPS NQ rev (1m)-0.41%
EPS NQ rev (3m)-2.76%
EPS NY rev (1m)1.3%
EPS NY rev (3m)-0.7%
Revenue NQ rev (1m)0.55%
Revenue NQ rev (3m)-0.98%
Revenue NY rev (1m)0.31%
Revenue NY rev (3m)-1.09%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.18 | ||
| Fwd PE | 20.64 | ||
| P/S | 6.23 | ||
| P/FCF | 21.9 | ||
| P/OCF | 19.31 | ||
| P/B | N/A | ||
| P/tB | N/A | ||
| EV/EBITDA | 18.01 |
EPS(TTM)6.03
EY4.31%
EPS(NY)6.77
Fwd EY4.84%
FCF(TTM)6.38
FCFY4.57%
OCF(TTM)7.24
OCFY5.18%
SpS22.44
BVpS-6.96
TBVpS-23.5
PEG (NY)1.9
PEG (5Y)4.91
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.38% | ||
| ROE | N/A | ||
| ROCE | 35.01% | ||
| ROIC | 26.67% | ||
| ROICexc | 29.9% | ||
| ROICexgc | 151.58% | ||
| OM | 35.93% | ||
| PM (TTM) | 18.57% | ||
| GM | 64.81% | ||
| FCFM | 28.44% |
ROA(3y)12.65%
ROA(5y)15.58%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)25.07%
ROIC(5y)31.2%
ROICexc(3y)27.51%
ROICexc(5y)37.8%
ROICexgc(3y)111.48%
ROICexgc(5y)109.03%
ROCE(3y)35.09%
ROCE(5y)42.41%
ROICexcg growth 3Y8.03%
ROICexcg growth 5Y11.03%
ROICexc growth 3Y-18.85%
ROICexc growth 5Y-9.39%
OM growth 3Y-4.61%
OM growth 5Y-0.93%
PM growth 3Y-13.73%
PM growth 5Y-5.04%
GM growth 3Y-1.62%
GM growth 5Y0.03%
F-Score6
Asset Turnover0.61
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | N/A | ||
| Debt/FCF | 4.24 | ||
| Debt/EBITDA | 2.75 | ||
| Cap/Depr | 80.81% | ||
| Cap/Sales | 3.81% | ||
| Interest Coverage | 8.73 | ||
| Cash Conversion | 79.35% | ||
| Profit Quality | 153.16% | ||
| Current Ratio | 0.88 | ||
| Quick Ratio | 0.47 | ||
| Altman-Z | 3.96 |
F-Score6
WACC7.9%
ROIC/WACC3.38
Cap/Depr(3y)88.63%
Cap/Depr(5y)80.44%
Cap/Sales(3y)3.65%
Cap/Sales(5y)3.09%
Profit Quality(3y)120.71%
Profit Quality(5y)120.05%
High Growth Momentum
Growth
EPS 1Y (TTM)8.99%
EPS 3Y2.57%
EPS 5Y4.72%
EPS Q2Q%13.97%
EPS Next Y12.23%
EPS Next 2Y11.27%
EPS Next 3Y10.81%
EPS Next 5Y11.09%
Revenue 1Y (TTM)7.44%
Revenue growth 3Y6.45%
Revenue growth 5Y4.91%
Sales Q2Q%7.28%
Revenue Next Year5.66%
Revenue Next 2Y6.83%
Revenue Next 3Y6.84%
Revenue Next 5Y7%
EBIT growth 1Y1.83%
EBIT growth 3Y1.54%
EBIT growth 5Y3.93%
EBIT Next Year16.95%
EBIT Next 3Y10.4%
EBIT Next 5Y9.23%
FCF growth 1Y36.66%
FCF growth 3Y-1.34%
FCF growth 5Y3.12%
OCF growth 1Y32.74%
OCF growth 3Y0.69%
OCF growth 5Y3.9%