Last €64.60 EUR
Change Today +0.27 / 0.42%
Volume 228.0
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As of 9:31 AM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

philip morris international (PM) Snapshot

Open
€64.49
Previous Close
€64.33
Day High
€64.60
Day Low
€64.26
52 Week High
11/19/13 - €67.97
52 Week Low
03/12/14 - €55.41
Market Cap
100.9B
Average Volume 10 Days
125.7
EPS TTM
--
Shares Outstanding
1.6B
EX-Date
06/24/14
P/E TM
--
Dividend
€3.64
Dividend Yield
4.26%
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 Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Reaffirms Earnings Guidance for the Year 2014

Philip Morris International Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net revenues of $21.051 million against $20.483 million a year ago. Operating income was $2.874 million against $3.337 million a year ago. Earnings before income taxes were $2.620 million against $3.091 million a year ago. Net earnings attributable the company were $1.851 million against $2.124 million a year ago. Diluted earnings per share were $1.17 against $1.30 a year ago. Adjusted diluted EPS was $1.41 against $1.30 a year ago. Adjusted diluted EPS, excluding currency was $1.56 against $1.30 a year ago. Reported diluted EPS, excluding currency was $1.32 against $1.30 a year ago. EBITDA was $7.529 million against $6.764 million a year ago. Net cash provided by operating activities was $2.705 million against $3.137 million a year ago. Capital expenditures were $0.252 million against $0.280 million a year ago. Net cash provided by operating activities, excluding currency was $3.085 million against $3.137 million a year ago. For the six months, the company reported net Revenue was $38.830 million against $39.010 million a year ago. Operating income was $5.825 million against $6.728 million a year ago. Earnings before income taxes were $5.303 million against $6.246 million a year ago. Net earnings attributable to the company were $3.726 million against $4.249 million a year ago. Diluted earnings per share were $2.35 million against $2.58 million a year ago. Adjusted diluted EPS was $2.60 against $2.59 a year ago. Adjusted diluted EPS, excluding currency was $2.91 against $2.59 a year ago. Reported diluted EPS, excluding currency was $2.66 against $2.58 a year ago. EBITDA was $14.293 million against $14.706 million a year ago. Net debt was $27.968 million against $25.524 million a year ago. Net cash provided by operating activities was $3.420 million against $4.500 million a year ago. Capital expenditures were $0.508 million against $0.520 million a year ago. Net cash provided by operating activities, excluding currency was $4.068 million against $4.500 million a year ago. The company reaffirms its 2014 full-year reported diluted earnings per share forecast to be in a range of $4.87 to $4.97 versus $5.26 in 2013, as previously announced on June 26, 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. This adjustment reflects: an after-tax charge of $0.01 per share 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 decision to discontinue cigarette production in the Netherlands in 2014, of $488 million, or an after-tax charge of $0.24 per share, recorded as asset impairment and exit costs 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 International, Inc., Q2 2014 Earnings Call, Jul 17, 2014

Philip Morris International, Inc., Q2 2014 Earnings Call, Jul 17, 2014

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.

 

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Industry Analysis

PM

Industry Average

Valuation PM Industry Range
Price/Earnings 17.0x
Price/Sales 4.4x
Price/Book NM Not Meaningful
Price/Cash Flow 16.4x
TEV/Sales 3.3x
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