Last $85.41 USD
Change Today +0.51 / 0.60%
Volume 4.9M
PM On Other Exchanges
Symbol
Exchange
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As of 8:04 PM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).

philip morris international (PM) Snapshot

Open
$85.60
Previous Close
$84.90
Day High
$86.08
Day Low
$84.84
52 Week High
11/18/13 - $91.81
52 Week Low
02/3/14 - $75.28
Market Cap
134.3B
Average Volume 10 Days
6.0M
EPS TTM
$5.30
Shares Outstanding
1.6B
EX-Date
06/24/14
P/E TM
16.1x
Dividend
$3.76
Dividend Yield
4.40%
Current Stock Chart for PHILIP MORRIS INTERNATIONAL (PM)

philip morris international (PM) Details

Philip Morris International Inc., through its subsidiaries, manufactures and sells cigarettes and other tobacco products. The company’s portfolio of brands include Marlboro, Merit, Parliament, Virginia Slims, L&M, Chesterfield, Bond Street, Lark, Muratti, Next, Philip Morris, and Red & White. It also owns various cigarette brands, such as Sampoerna, Dji Sam Soe, and U Mild in Indonesia; Fortune, Champion, and Hope in the Philippines; Diana in Italy; Optima and Apollo-Soyuz in Russia; Morven Gold in Pakistan; Boston in Colombia; Belmont, Canadian Classics, and Number 7 in Canada; Best and Classic in Serbia; f6 in Germany; Delicados in Mexico; Assos in Greece; and Petra in the Czech Republic and Slovakia. The company sells its products in approximately 180 countries in the European Union, Eastern Europe, the Middle East, Africa, Asia, Latin America, and Canada. Philip Morris International Inc. was incorporated in 1987 and is headquartered in New York, New York.

91,100 Employees
Last Reported Date: 02/21/14
Founded in 1987

philip morris international (PM) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $1.6M
Executive Chairman
Total Annual Compensation: $1.3M
Chief Financial Officer
Total Annual Compensation: $1.0M
President of Asia Region
Total Annual Compensation: $1.0M
President of Eastern Europe, Middle East & Af...
Total Annual Compensation: $1.0M
Compensation as of Fiscal Year 2013.

philip morris international (PM) Key Developments

Philip Morris International Inc. to Sell Marlboro Product that Heats Tobacco

Philip Morris International Inc. is hoping to capitalize on the growing appetite for alternatives to traditional smokes like e-cigarettes with a new Marlboro-branded product that heats tobacco rather than burning it. The company detailed its plans to release the Marlboro HeatSticks in cities in Japan and Italy later this year, with further expansion plans in 2015. The short, cigarette-like sticks are heated to maximum of 660 degrees Fahrenheit (350 degrees Celsius) in a hollow pen-like device called iQOS (pronounced EYE-cohs) to create a tobacco-flavoured nicotine vapour. Unlike popular e-cigarettes that use liquid nicotine, HeatSticks contain real tobacco, a point the company believes will make them more attractive to cigarette smokers. It's one of several so-called 'reduced-risk' products Philip Morris International plans to test as the industry diversifies beyond traditional cigarettes amid declining demand.

Philip Morris International, Inc. Revises Earnings Guidance for the Year 2014

Philip Morris International, Inc. revised earnings guidance for the year 2014. For the period, the company reported diluted earnings per share forecast to be in a range of $4.87 to $4.97, versus $5.26 in 2013, compared to a range of $5.09 to $5.19 as previously announced on May 7, 2014. On an adjusted basis, diluted EPS are projected to increase in the range of 6% to 8% versus adjusted diluted EPS of $5.40 in 2013, reflecting: a $0.01 per share charge recorded as asset impairment and exit costs in the first quarter of 2014 relating to the decision to cease cigarette production in Australia by the end of 2014; a pre-tax charge, related to the contemplated decision to discontinue cigarette production in the Netherlands in 2014, of approximately $495 million, or $0.24 per share, the majority of which is expected to be recorded in the second quarter of 2014; and an unfavorable currency impact, at prevailing exchange rates, of approximately $0.61 for the full-year 2014.

Philip Morris Mulls Acquisitions

Philip Morris International, Inc. (NYSE:PM) is looking for acquisitions. Bertrand Bonvin, Senior Vice President, Research & Development of Philip Morris said, "We are supplementing these efforts through open innovation, technology scouting, evaluation and acquisitions to ensure we are best positioned to respond to adult smoker preferences, potentially disruptive technologies and what we believe will be a dynamic category".

 

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Industry Analysis

PM

Industry Average

Valuation PM Industry Range
Price/Earnings 16.6x
Price/Sales 4.4x
Price/Book NM Not Meaningful
Price/Cash Flow 16.0x
TEV/Sales 3.3x
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