PHILIP MORRIS INTERN

PM
Real-time Estimate Quote. Real-time Estimate  - 12/02 11:53:25 am
88.82USD +2.24%
Valuation
Fiscal Period: December 2020 2021
Capitalization1 128 930135 242
Entreprise Value (EV)1 153 186159 351
P/E ratio 16,0x14,8x
Yield 5,73%5,63%
Capitalization / Revenue 4,49x4,33x
EV / Revenue 5,34x5,10x
EV / EBITDA 12,1x11,0x
Price to Book -10,3x-11,5x
Nbr of stocks (in thousands) 1 557 3161 556 828
Reference price (USD) 82,886,9
Announcement Date 02/04/2021-
Previous period Next period
1 USD in Million
Estimates
Income Statement Evolution
Annual Income Statement Data
Fiscal Period: December 2020 2021
Net sales1 28 69431 253
EBITDA1 12 67914 441
Operating profit (EBIT)1 11 69813 500
Operating Margin 40,8%43,2%
Pre-Tax Profit (EBT)1 10 95312 468
Net income1 8 0569 219
Net margin 28,1%29,5%
EPS2 5,165,86
Dividend per Share2 4,744,89
Announcement Date 02/04/2021-
Previous period Next period
1 USD in Million
2 USD
Finances - Leverage
Fiscal Period: December 2020 2021
Net Debt1 24 25624 109
Net Cash position1 --
Leverage (Debt / EBITDA) 1,91x1,67x
Free Cash Flow1 9 2109 793
ROE (Net Profit / Equities) --74,8%
Shareholders' equity1 --12 325
ROA (Net Profit / Asset) 18,4%20,6%
Assets1 43 84544 812
Book Value Per Share2 -8,07-7,58
Cash Flow per Share2 6,306,72
Capex1 602790
Capex / Sales 2,10%2,53%
Announcement Date 02/04/2021-
Previous period Next period
1 USD in Million
2 USD
Financial Ratios
Size 2021e 2022e
Capitalization 135 242 M $ -
Entreprise Value (EV) 159 351 M $ 159 302 M $
Valuation 2021e 2022e
P/E ratio (Price / EPS) 14,8x 13,3x
Capitalization / Revenue 4,33x 4,15x
EV / Revenue 5,10x 4,90x
EV / EBITDA 11,0x 10,3x
Yield (DPS / Price) 5,63% 5,93%
Price to book (Price / BVPS) -11,5x -11,1x
Profitability 2021e 2022e
Operating Margin (EBIT / Sales) 43,2% 44,2%
Operating Leverage (Delta EBIT / Delta Sales) 1,73x 1,61x
Net Margin (Net Profit / Revenue) 29,5% 30,9%
ROA (Net Profit / Asset) 20,6% 22,5%
ROE (Net Profit / Equities) -74,8% -83,2%
Rate of Dividend 83,5% 78,9%
Balance Sheet Analysis 2021e 2022e
CAPEX / Sales   2,53% 2,72%
Cash Flow / Sales 33,5% 35,6%
Capital Intensity (Assets / Sales) 1,43x 1,37x
Financial Leverage (Net Debt / EBITDA) 1,67x 1,56x
Price Earning Ratio
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
EPS & Dividend