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Philip Morris International Inc (PM)

合理估值
Consumer DefensiveTobaccoUnited States

基本面

74

价格

$190.82

市值

$302.00B

第一部分 · 这家公司值多少

概览

Philip Morris International Inc. operates as a tobacco company. The company offers cigarettes and smoke-free products, including heat-not-burn, e-vapor, and oral nicotine products under the IQOS, VEEV, and ZYN brands; and consumer accessories, such as lighters and matches. It also offers wellness products. The company was incorporated in 1987 and is headquartered in Stamford, Connecticut.

No editorial profile for this company yet

Direct competitors

Who this company fights with for the same customers

No editorial profile for this company yet

No competitor list for this company yet.

资产负债表与流动性

营收

$42.55B

最近12个月(截至2026/6/30)

净利润

$10.87B

最近12个月(截至2026/6/30)

自由现金流

$10.66B

股东权益合计

$-9.99B

负债合计

$77.21B

流动比率

0.98

利息覆盖率

9.38

债务/EBITDA

2.91

每股收益

营收与净利润

自由现金流

收入构成

历史财务表

利润率变化

债务变化

债务负担有多重

增长一览表

增长 — 营业收入

公允价值估算

一般情形合理估值

公允价值

$172.27

当前价格

$190.82

安全边际

-10.8%

公允价值区间

$140.86 - $203.69

所用估值方法之间的离散区间,并非经过统计校准的置信区间。

估算方法

分析师目标价:$208.13
现金流折现法(DCF):$174.96
市盈率法(P/E):$154.24
格雷厄姆成长公式:$145.50
盈利能力价值(EPV):$101.67
合理市净率(P/B):$18.96
股息折现模型(戈登模型):$144.13
P/FFO(运营资金):$136.98
周期中段收益:$149.98
市销率法(P/S):$32.31
分析师共识:强力买入 (20B / 7H / 0S)
最近财报超预期:+4.38%

估值指标

市盈率(P/E)

27.46

ROE

-113.5%

市净率(P/B)

-

P/FCF

23.38

毛利率

67.5%

ROIC

30.4%

盈利能力雷达图

价值创造(经济护城河)

ROIC

30.4%

WACC

7.2%

ROIC − WACC

+23.2 pp

ROIC 超过资本成本:公司正在为股东创造价值。

基本面分析标准

通过(20)

  • EPS shows upward trend
  • EPS CAGR 5.31%
  • Price CAGR 7.64%
  • ROIC 30.4%
  • Gross Margin 67.5%
  • P/FCF 23.38
  • Operating Margin 37.7%
  • Positive Free Cash Flow
  • CapEx intensity
  • Current Ratio
  • Interest Coverage
  • Debt/EBITDA
  • Return on Tangible Assets
  • ROE 575.4%
  • Revenue Growth 5Y 7.2%
  • Analyst Consensus 74% Buy
  • Earnings Quality (OCF/NI) 1.31
  • Share Dilution 0.1%
  • Net Margin Trend 25.6% vs 21.1%
  • Piotroski F-Score 8/9

未通过(4)

  • Low reliance on intangibles
  • DCF valuation (Overvalued)
  • Earnings Surprise avg 2.2%
  • PEG Ratio 3.92

不可用(4)

  • P/B Ratio NaN
  • Dividend Payout NaN%
  • Debt/Equity ratio
  • Price below Graham Number

Piotroski F-评分

8/9

财务状况强健

score
criteria

盈利质量

1.31

高质量:盈利有现金流支撑

股权稀释

0.1%

股份数量稳定

机构持股

公司治理

管理团队

姓名职位年龄
Mr. Jacek OlczakGroup CEO & Director60
Mr. Massimo AndolinaGroup Chief Financial Officer56
Mr. Frederic de WildeCEO of PMI International58
Ms. Stacey KennedyCEO of PMI U.S.52
Mr. Emmanuel BabeauStrategic Advisor58
Mr. Scott CouttsChief Global Operations Officer-
Mr. Michael VoegeleChief Digital & Information Officer51
Mr. James R. BushnellVice President of Investor Relations & Financial Communications-
Mr. Yann GuerinGroup Chief Legal Officer48
Dr. Moira GilchristChief Communications Officer-

审计风险

2

董事会风险

5

薪酬风险

1

股东权利风险

5

第二部分 · 价格与买入时机

这一部分不判断公司是否值得拥有:它帮助你在基本面说服你之后,选择何时买入。包含:技术分析、潜力、历史回撤、Gamma 敞口。

文件

  • 年度报告(10-K)

    对公司业务、财务业绩和风险的年度概述。

    提交日期:2026-02-06

    查看文件
  • 季度报告(10-Q)

    最近三个月财务表现的最新情况。

    提交日期:2026-07-24

    查看文件
  • 临时报告(8-K)

    关于重大事件(如管理层变动或重要公告)的通知。

    提交日期:2026-09-18

    查看文件

via SEC EDGAR

损益历史

via SEC EDGAR

Latest News

Recent headlines for PM, sourced from Markets Gazette.

  • 21d agoPOSITIVE
    Philip Morris CEO Is ‘Optimistic’ About Zyn Potential

    Philip Morris International CEO Jacek Olczak expressed optimism regarding the growth potential of Zyn, a nicotine pouch product. He highlighted strong demand and discussed the company's year-end market share targets for Zyn. The potential introduction of larger cans, containing 15 to 20 pouches, was also explored as a strategy to enhance revenue and profit margins. This positive outlook on Zyn's performance and strategic expansion could signal continued growth for Philip Morris International, potentially influencing investor sentiment positively.

  • 6/2/2026NEGATIVE
    Philip Morris Cuts Outlook on $500 Million Canada Writedown

    Philip Morris International Inc. has revised its full-year profit forecast downwards, citing a substantial $500 million writedown on its investment in its Canadian affiliate. This significant impairment charge indicates potential underperformance or strategic challenges within its Canadian operations. Investors will be closely monitoring the company's ability to navigate these issues and recover profitability. The writedown raises concerns about the company's international segment performance and could lead to a reassessment of its growth trajectory and risk factors.

  • 4/22/2026POSITIVE
    What's Going On With Philip Morris Stock Today?

    Philip Morris International Inc. (PM) shares surged following a robust earnings report that surpassed analyst expectations. The company's performance was primarily fueled by significant growth in its smoke-free product category, which continues to offset challenges elsewhere. Despite this strong quarterly showing, Philip Morris has slightly lowered its full-year earnings guidance, a move that may temper some of the immediate enthusiasm. However, the core strength in its next-generation products signals a successful transition strategy, offering a positive outlook for long-term investors focused on the company's evolving portfolio.

  • 4/1/2026NEGATIVE
    Philip Morris Stock Falls As Zyn Delays Threaten Major Growth Engine

    Philip Morris International (PM) saw its stock price decline following reports that the FDA's expedited review process for new nicotine pouch applications has been delayed. This slowdown directly impacts the growth trajectory of Zyn, a key product for the company's future revenue streams. The delay raises concerns about the pace of market expansion and regulatory hurdles, potentially affecting investor confidence in PM's ability to capitalize on the burgeoning oral nicotine market. Investors are closely watching for further updates on the regulatory timeline and its impact on Zyn's sales projections.

  • 3/8/2026POSITIVE
    Philip Morris CEO Says Cigarettes Belong in a Museum as Zyn and IQOS Surge

    Philip Morris International is accelerating its transition from traditional cigarettes to smoke-free alternatives like IQOS and Zyn, a strategic shift aimed at reducing harm by eliminating combustion. The company's CEO suggests cigarettes should eventually be phased out. This pivot is driven by the surging popularity of nicotine pouches and heated tobacco products. While public health experts raise concerns about long-term effects and persistent addiction risks, the company's focus on innovation and market adaptation in a heavily regulated industry signals a potentially strong future performance for investors.

  • 2/24/2026NEUTRAL
    Here's How Much $100 Invested In Philip Morris Intl 5 Years Ago Would Be Worth Today

    A retrospective analysis of an investment in Philip Morris International offers crucial insights for long-term investors. While the headline doesn't provide specific details on the exact value of $100 invested five years ago, the significance of such studies lies in their ability to assess a company's historical performance. For investors, understanding how a stock has performed over time, including dividends and capital appreciation, is fundamental for shaping future expectations and refining portfolio strategies. Philip Morris, a tobacco giant with a growing emphasis on smoke-free products, represents an interesting case of market transition. Historical analysis helps contextualize the company's resilience and adaptability in the face of regulatory challenges and changing consumer habits, providing a basis for informed decisions.

  • 2/24/2026POSITIVE
    Inside a $280 billion tobacco giant’s push to turn smokers into smoke-free customers

    Philip Morris International, the $280 billion tobacco giant, is charting an ambitious course towards a smoke-free future. The company's core strategy involves transitioning traditional cigarette smokers to smoke-free product alternatives, a critical move to adapt to an evolving regulatory and health landscape. This strategic pivot is considered vital for the company's long-term sustainability and growth, positioning it to capitalize on emerging trends within the industry. Investors should closely monitor the effectiveness of this transition, as success in the reduced-risk product market could unlock significant future value for the company.

via Markets Gazette