PHILIP MORRIS INTERNATIONAL (4I1.DE) Stock Fundamental Analysis

Europe • Frankfurt Stock Exchange • FRA:4I1 • US7181721090

150.32 EUR
+0.38 (+0.25%)
Last: Feb 2, 2026, 07:00 PM
Fundamental Rating

4

4I1 gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 4 industry peers in the Tobacco industry. While 4I1 is still in line with the averages on profitability rating, there are concerns on its financial health. 4I1 is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

6

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.
  • Each year in the past 5 years 4I1 has been profitable.
  • In the past 5 years 4I1 always reported a positive cash flow from operatings.
4I1.DE Yearly Net Income VS EBIT VS OCF VS FCF4I1.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B

1.2 Ratios

  • 4I1's Return On Assets of 12.83% is fine compared to the rest of the industry. 4I1 outperforms 75.00% of its industry peers.
  • 4I1 has a Return On Invested Capital of 28.03%. This is in the better half of the industry: 4I1 outperforms 75.00% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for 4I1 is above the industry average of 20.94%.
  • The 3 year average ROIC (25.07%) for 4I1 is below the current ROIC(28.03%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 12.83%
ROE N/A
ROIC 28.03%
ROA(3y)12.65%
ROA(5y)15.58%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)25.07%
ROIC(5y)31.2%
4I1.DE Yearly ROA, ROE, ROIC4I1.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -50 -100

1.3 Margins

  • 4I1's Profit Margin of 21.51% is fine compared to the rest of the industry. 4I1 outperforms 75.00% of its industry peers.
  • In the last couple of years the Profit Margin of 4I1 has declined.
  • The Operating Margin of 4I1 (38.71%) is better than 75.00% of its industry peers.
  • 4I1's Operating Margin has been stable in the last couple of years.
  • 4I1 has a Gross Margin of 66.93%. This is in the better half of the industry: 4I1 outperforms 75.00% of its industry peers.
  • 4I1's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 38.71%
PM (TTM) 21.51%
GM 66.93%
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%
4I1.DE Yearly Profit, Operating, Gross Margins4I1.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60

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3

2. Health

2.1 Basic Checks

  • 4I1 has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
  • Compared to 1 year ago, 4I1 has about the same amount of shares outstanding.
  • 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.
4I1.DE Yearly Shares Outstanding4I1.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B
4I1.DE Yearly Total Debt VS Total Assets4I1.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 20B 40B 60B

2.2 Solvency

  • The Debt to FCF ratio of 4I1 is 4.95, which is a neutral value as it means it would take 4I1, 4.95 years of fcf income to pay off all of its debts.
  • 4I1 has a Debt to FCF ratio of 4.95. This is in the lower half of the industry: 4I1 underperforms 75.00% of its industry peers.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 4.95
Altman-Z N/A
ROIC/WACC3.23
WACC8.69%
4I1.DE Yearly LT Debt VS Equity VS FCF4I1.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10B -10B 20B 30B 40B

2.3 Liquidity

  • A Current Ratio of 0.85 indicates that 4I1 may have some problems paying its short term obligations.
  • The Current ratio of 4I1 (0.85) is better than 75.00% of its industry peers.
  • 4I1 has a Quick Ratio of 0.85. 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 0.85, 4I1 belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.85
Quick Ratio 0.85
4I1.DE Yearly Current Assets VS Current Liabilites4I1.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B 20B 25B

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5

3. Growth

3.1 Past

  • 4I1 shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 16.19%, which is quite good.
  • 4I1 shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 4.72% yearly.
  • 4I1 shows a small growth in Revenue. In the last year, the Revenue has grown by 7.45%.
  • 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)16.19%
EPS 3Y2.57%
EPS 5Y4.72%
EPS Q2Q%17.28%
Revenue 1Y (TTM)7.45%
Revenue growth 3Y6.45%
Revenue growth 5Y4.91%
Sales Q2Q%9.42%

3.2 Future

  • Based on estimates for the next years, 4I1 will show a quite strong growth in Earnings Per Share. The EPS will grow by 11.60% on average per year.
  • 4I1 is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.66% yearly.
EPS Next Y18.36%
EPS Next 2Y14.53%
EPS Next 3Y12.71%
EPS Next 5Y11.6%
Revenue Next Year8.28%
Revenue Next 2Y7.95%
Revenue Next 3Y7.5%
Revenue Next 5Y7.66%

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.
4I1.DE Yearly Revenue VS Estimates4I1.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 10B 20B 30B 40B 50B
4I1.DE Yearly EPS VS Estimates4I1.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2 4 6 8 10

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2

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 24.09, 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.
  • Compared to an average S&P500 Price/Earnings ratio of 28.41, 4I1 is valued at the same level.
  • Based on the Price/Forward Earnings ratio of 20.72, the valuation of 4I1 can be described as rather expensive.
  • 4I1's Price/Forward Earnings 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.
  • 4I1 is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 25.64, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 24.09
Fwd PE 20.72
4I1.DE Price Earnings VS Forward Price Earnings4I1.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • 4I1's Enterprise Value to EBITDA ratio is in line with the industry average.
  • 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 RankSector Rank
P/FCF 27.37
EV/EBITDA 18.43
4I1.DE Per share data4I1.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 -10 20 -20

4.3 Compensation for Growth

  • 4I1's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • 4I1 has a very decent profitability rating, which may justify a higher PE ratio.
  • 4I1's earnings are expected to grow with 12.71% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.31
PEG (5Y)5.1
EPS Next 2Y14.53%
EPS Next 3Y12.71%

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4

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 3.31%, 4I1 has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 5.31, 4I1 is paying slightly less dividend.
  • Compared to an average S&P500 Dividend Yield of 1.83, 4I1 pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.31%

5.2 History

  • The dividend of 4I1 has a limited annual growth rate of 2.76%.
Dividend Growth(5Y)2.76%
Div Incr Years5
Div Non Decr Years5
4I1.DE Yearly Dividends per share4I1.DE Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 1 2 3 4 5

5.3 Sustainability

  • 98.07% of the earnings are spent on dividend by 4I1. This is not a sustainable payout ratio.
  • The dividend of 4I1 is growing, but earnings are growing more, so the dividend growth is sustainable.
DP98.07%
EPS Next 2Y14.53%
EPS Next 3Y12.71%
4I1.DE Yearly Income VS Free CF VS Dividend4I1.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B
4I1.DE Dividend Payout.4I1.DE Dividend Payout, showing the Payout Ratio.4I1.DE Dividend Payout.PayoutRetained Earnings

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PHILIP MORRIS INTERNATIONAL

FRA:4I1 (2/2/2026, 7:00:00 PM)

150.32

+0.38 (+0.25%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryTobacco
Earnings (Last)10-21
Earnings (Next)02-06
Inst Owners82.83%
Inst Owner ChangeN/A
Ins Owners0.14%
Ins Owner ChangeN/A
Market Cap233.99B
Revenue(TTM)39.99B
Net Income(TTM)8.60B
Analysts82.31
Price Target155.94 (3.74%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.31%
Yearly Dividend4.43
Dividend Growth(5Y)2.76%
DP98.07%
Div Incr Years5
Div Non Decr Years5
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)1.82%
Min EPS beat(2)-0.19%
Max EPS beat(2)3.83%
EPS beat(4)3
Avg EPS beat(4)1.45%
Min EPS beat(4)-0.19%
Max EPS beat(4)3.83%
EPS beat(8)5
Avg EPS beat(8)0.05%
EPS beat(12)8
Avg EPS beat(12)1.26%
EPS beat(16)11
Avg EPS beat(16)2.42%
Revenue beat(2)0
Avg Revenue beat(2)-3.09%
Min Revenue beat(2)-4.73%
Max Revenue beat(2)-1.46%
Revenue beat(4)0
Avg Revenue beat(4)-1.84%
Min Revenue beat(4)-4.73%
Max Revenue beat(4)-0.13%
Revenue beat(8)2
Avg Revenue beat(8)-1.2%
Revenue beat(12)4
Avg Revenue beat(12)-0.9%
Revenue beat(16)8
Avg Revenue beat(16)0.7%
PT rev (1m)-2.64%
PT rev (3m)-2.48%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-0.58%
EPS NY rev (1m)-0.02%
EPS NY rev (3m)-0.06%
Revenue NQ rev (1m)0.07%
Revenue NQ rev (3m)-0.24%
Revenue NY rev (1m)0.01%
Revenue NY rev (3m)-0.5%
Valuation
Industry RankSector Rank
PE 24.09
Fwd PE 20.72
P/S 6.93
P/FCF 27.37
P/OCF 24.04
P/B N/A
P/tB N/A
EV/EBITDA 18.43
EPS(TTM)6.24
EY4.15%
EPS(NY)7.26
Fwd EY4.83%
FCF(TTM)5.49
FCFY3.65%
OCF(TTM)6.25
OCFY4.16%
SpS21.7
BVpS-5.92
TBVpS-21.29
PEG (NY)1.31
PEG (5Y)5.1
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA 12.83%
ROE N/A
ROCE 38.37%
ROIC 28.03%
ROICexc 30.99%
ROICexgc 120.05%
OM 38.71%
PM (TTM) 21.51%
GM 66.93%
FCFM 25.31%
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%
ROICexgc growth 3Y8.03%
ROICexgc 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 Turnover0.6
Health
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 4.95
Debt/EBITDA 2.51
Cap/Depr 71.88%
Cap/Sales 3.51%
Interest Coverage 250
Cash Conversion 66.12%
Profit Quality 117.7%
Current Ratio 0.85
Quick Ratio 0.85
Altman-Z N/A
F-Score6
WACC8.69%
ROIC/WACC3.23
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)16.19%
EPS 3Y2.57%
EPS 5Y4.72%
EPS Q2Q%17.28%
EPS Next Y18.36%
EPS Next 2Y14.53%
EPS Next 3Y12.71%
EPS Next 5Y11.6%
Revenue 1Y (TTM)7.45%
Revenue growth 3Y6.45%
Revenue growth 5Y4.91%
Sales Q2Q%9.42%
Revenue Next Year8.28%
Revenue Next 2Y7.95%
Revenue Next 3Y7.5%
Revenue Next 5Y7.66%
EBIT growth 1Y11.17%
EBIT growth 3Y1.54%
EBIT growth 5Y3.93%
EBIT Next Year23.19%
EBIT Next 3Y12.84%
EBIT Next 5Y11.52%
FCF growth 1Y32.53%
FCF growth 3Y-1.34%
FCF growth 5Y3.12%
OCF growth 1Y28.14%
OCF growth 3Y0.69%
OCF growth 5Y3.9%

PHILIP MORRIS INTERNATIONAL / 4I1.DE FAQ

What is the ChartMill fundamental rating of PHILIP MORRIS INTERNATIONAL (4I1.DE) stock?

ChartMill assigns a fundamental rating of 4 / 10 to 4I1.DE.


What is the valuation status of PHILIP MORRIS INTERNATIONAL (4I1.DE) stock?

ChartMill assigns a valuation rating of 2 / 10 to PHILIP MORRIS INTERNATIONAL (4I1.DE). This can be considered as Overvalued.


What is the profitability of 4I1 stock?

PHILIP MORRIS INTERNATIONAL (4I1.DE) has a profitability rating of 6 / 10.


What are the PE and PB ratios of PHILIP MORRIS INTERNATIONAL (4I1.DE) stock?

The Price/Earnings (PE) ratio for PHILIP MORRIS INTERNATIONAL (4I1.DE) is 24.09 and the Price/Book (PB) ratio is -25.38.


How sustainable is the dividend of PHILIP MORRIS INTERNATIONAL (4I1.DE) stock?

The dividend rating of PHILIP MORRIS INTERNATIONAL (4I1.DE) is 4 / 10 and the dividend payout ratio is 98.07%.