Financials Philip Morris Operations a.d. Nis

Equities

DINN

RSDINNE11951

Tobacco

End-of-day quote Belgrade S.E. 06:00:00 2024-01-17 pm EST 5-day change 1st Jan Change
7,010 RSD -.--% Intraday chart for Philip Morris Operations a.d. Nis -.--% -.--%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 36,456 32,557 48,825 48,825 48,825 45,635
Enterprise Value (EV) 1 32,553 27,094 43,820 42,301 40,126 37,301
P/E ratio 9.85 x 6.99 x 10 x 9.06 x 7.85 x 7.24 x
Yield 5.59% 7.93% 5.57% 6.19% 7% -
Capitalization / Revenue 1.71 x 1.44 x 2.05 x 1.9 x 1.69 x 1.45 x
EV / Revenue 1.53 x 1.2 x 1.84 x 1.65 x 1.39 x 1.19 x
EV / EBITDA 5.65 x 4.06 x 6.27 x 5.53 x 4.83 x 4.6 x
EV / FCF 11.8 x 5.64 x 11.7 x 10.5 x 6.7 x 8.9 x
FCF Yield 8.47% 17.7% 8.58% 9.54% 14.9% 11.2%
Price to Book 2.42 x 2.04 x 3.01 x 2.89 x 2.75 x 2.56 x
Nbr of stocks (in thousands) 6,510 6,510 6,510 6,510 6,510 6,510
Reference price 2 5,600 5,001 7,500 7,500 7,500 7,010
Announcement Date 4/24/19 5/5/20 4/29/21 4/7/23 4/7/23 4/23/24
1RSD in Million2RSD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 21,342 22,595 23,783 25,695 28,895 31,396
EBITDA 1 5,758 6,679 6,985 7,655 8,313 8,105
EBIT 1 4,643 5,482 5,726 6,365 7,249 7,123
Operating Margin 21.75% 24.26% 24.08% 24.77% 25.09% 22.69%
Earnings before Tax (EBT) 1 4,584 5,487 5,751 6,361 7,376 7,431
Net income 1 3,702 4,659 4,861 5,388 6,221 6,302
Net margin 17.35% 20.62% 20.44% 20.97% 21.53% 20.07%
EPS 2 568.7 715.6 746.8 827.6 955.6 968.0
Free Cash Flow 1 2,757 4,802 3,761 4,034 5,993 4,189
FCF margin 12.92% 21.25% 15.81% 15.7% 20.74% 13.34%
FCF Conversion (EBITDA) 47.87% 71.9% 53.84% 52.69% 72.09% 51.69%
FCF Conversion (Net income) 74.45% 103.09% 77.36% 74.87% 96.33% 66.47%
Dividend per Share 2 313.1 396.3 417.6 464.2 524.8 -
Announcement Date 4/24/19 5/5/20 4/29/21 4/7/23 4/7/23 4/23/24
1RSD in Million2RSD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 3,903 5,463 5,005 6,525 8,699 8,334
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 2,757 4,802 3,761 4,034 5,993 4,189
ROE (net income / shareholders' equity) 24.5% 30% 30.2% 32.6% 36% 35.5%
ROA (Net income/ Total Assets) 13.2% 14.7% 13.8% 14% 14.8% 13.6%
Assets 1 28,018 31,699 35,261 38,529 42,030 46,426
Book Value Per Share 2 2,310 2,457 2,489 2,592 2,723 2,735
Cash Flow per Share 2 597.0 869.0 793.0 1,049 1,369 1,307
Capex 1 1,034 492 1,001 1,573 820 1,127
Capex / Sales 4.85% 2.18% 4.21% 6.12% 2.84% 3.59%
Announcement Date 4/24/19 5/5/20 4/29/21 4/7/23 4/7/23 4/23/24
1RSD in Million2RSD
Estimates
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