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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 8/10

vs
industry
vs
history
Cash to Debt 0.05
PM's Cash to Debt is ranked higher than
65% of the 46 Companies
in the Global Tobacco industry.

( Industry Median: 0.21 vs. PM: 0.05 )
PM' s 10-Year Cash to Debt Range
Min: 0.05   Max: No Debt
Current: 0.05

Equity to Asset -0.26
PM's Equity to Asset is ranked higher than
67% of the 46 Companies
in the Global Tobacco industry.

( Industry Median: 0.20 vs. PM: -0.26 )
PM' s 10-Year Equity to Asset Range
Min: -0.26   Max: 0.55
Current: -0.26

-0.26
0.55
Interest Coverage 12.24
PM's Interest Coverage is ranked higher than
85% of the 40 Companies
in the Global Tobacco industry.

( Industry Median: 10.13 vs. PM: 12.24 )
PM' s 10-Year Interest Coverage Range
Min: 12.24   Max: 9999.99
Current: 12.24

12.24
9999.99
F-Score: 4
Z-Score: 4.77
M-Score: -3.81
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 8/10

vs
industry
vs
history
Operating margin (%) 41.48
PM's Operating margin (%) is ranked higher than
96% of the 46 Companies
in the Global Tobacco industry.

( Industry Median: 28.64 vs. PM: 41.48 )
PM' s 10-Year Operating margin (%) Range
Min: 18.56   Max: 44.18
Current: 41.48

18.56
44.18
Net-margin (%) 26.46
PM's Net-margin (%) is ranked higher than
98% of the 46 Companies
in the Global Tobacco industry.

( Industry Median: 19.39 vs. PM: 26.46 )
PM' s 10-Year Net-margin (%) Range
Min: 11.91   Max: 29.56
Current: 26.46

11.91
29.56
ROA (%) 21.82
PM's ROA (%) is ranked higher than
89% of the 46 Companies
in the Global Tobacco industry.

( Industry Median: 13.47 vs. PM: 21.82 )
PM' s 10-Year ROA (%) Range
Min: 18.78   Max: 27.57
Current: 21.82

18.78
27.57
ROC (Joel Greenblatt) (%) 146.96
PM's ROC (Joel Greenblatt) (%) is ranked higher than
85% of the 46 Companies
in the Global Tobacco industry.

( Industry Median: 124.91 vs. PM: 146.96 )
PM' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 83.98   Max: 196.99
Current: 146.96

83.98
196.99
Revenue Growth (%) 9.20
PM's Revenue Growth (%) is ranked higher than
93% of the 43 Companies
in the Global Tobacco industry.

( Industry Median: 2.40 vs. PM: 9.20 )
PM' s 10-Year Revenue Growth (%) Range
Min: -12.9   Max: 13
Current: 9.2

-12.9
13
EBITDA Growth (%) 10.80
PM's EBITDA Growth (%) is ranked higher than
91% of the 43 Companies
in the Global Tobacco industry.

( Industry Median: 6.20 vs. PM: 10.80 )
PM' s 10-Year EBITDA Growth (%) Range
Min: 9.2   Max: 16.4
Current: 10.8

9.2
16.4
EPS Growth (%) 10.30
PM's EPS Growth (%) is ranked higher than
87% of the 45 Companies
in the Global Tobacco industry.

( Industry Median: 6.90 vs. PM: 10.30 )
PM' s 10-Year EPS Growth (%) Range
Min: 3.6   Max: 17
Current: 10.3

3.6
17
» PM's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q3 2013

PM Guru Trades in Q3 2013

Louis Moore Bacon 75,000 sh (New)
John Rogers 11,057 sh (New)
HOTCHKIS & WILEY 68,940 sh (+815.05%)
Joel Greenblatt 37,085 sh (+371.58%)
Mario Gabelli 27,989 sh (+52.37%)
Bill Frels 11,155 sh (+33.88%)
Jim Simons 3,565,500 sh (+15.74%)
Diamond Hill Capital 815,828 sh (+11.93%)
MS Global Franchise Fund 330,444 sh (+9.67%)
Murray Stahl 163,634 sh (+4.77%)
Tom Russo 9,616,739 sh (+4.62%)
Pioneer Investments 1,763,855 sh (+4.03%)
Jeremy Grantham 16,210,217 sh (+2.23%)
Jeff Auxier 158,439 sh (+1.67%)
Manning & Napier Advisors, Inc 287,383 sh (+0.93%)
James Barrow 21,562,204 sh (+0.88%)
Ronald Muhlenkamp 245,487 sh (+0.63%)
Dodge & Cox 21,300 sh (unchged)
Wintergreen Fund 892,889 sh (unchged)
Tweedy Browne 1,911,076 sh (unchged)
Ruane Cunniff 101,425 sh (unchged)
Jean-Marie Eveillard 40,000 sh (unchged)
Tweedy Browne Global Value 918,700 sh (unchged)
David Winters 1,158,000 sh (unchged)
Ray Dalio Sold Out
Chris Davis 3,788,142 sh (-1.18%)
Tom Gayner 114,500 sh (-1.89%)
Donald Yacktman 38,689 sh (-2.52%)
NWQ Managers 907,587 sh (-15.44%)
Steven Cohen 21,042 sh (-53.53%)
Ken Fisher 86,495 sh (-98.53%)
» More
Q4 2013

PM Guru Trades in Q4 2013

David Dreman 1,150 sh (New)
John Rogers 86,972 sh (+686.58%)
Joel Greenblatt 148,487 sh (+300.4%)
Jeff Auxier 177,424 sh (+11.98%)
MS Global Franchise Fund 356,773 sh (+7.97%)
Jeremy Grantham 17,066,193 sh (+5.28%)
Tom Russo 9,971,107 sh (+3.68%)
James Barrow 21,878,314 sh (+1.47%)
Diamond Hill Capital 827,112 sh (+1.38%)
Tweedy Browne 1,916,621 sh (+0.29%)
Dodge & Cox 21,300 sh (unchged)
Tweedy Browne Global Value 918,700 sh (unchged)
Ruane Cunniff 101,425 sh (unchged)
Ronald Muhlenkamp 245,487 sh (unchged)
Tom Gayner 114,500 sh (unchged)
Donald Yacktman 38,689 sh (unchged)
David Winters Sold Out
Wintergreen Fund Sold Out
Mario Gabelli Sold Out
Bill Frels 11,135 sh (-0.18%)
Chris Davis 3,728,580 sh (-1.57%)
NWQ Managers 890,012 sh (-1.94%)
Murray Stahl 156,977 sh (-4.07%)
Manning & Napier Advisors, Inc 272,210 sh (-5.28%)
Jim Simons 2,977,700 sh (-16.49%)
Pioneer Investments 1,082,562 sh (-38.63%)
Steven Cohen 9,785 sh (-53.5%)
Ken Fisher 34,470 sh (-60.15%)
Louis Moore Bacon 25,000 sh (-66.67%)
Jean-Marie Eveillard 13,000 sh (-67.5%)
HOTCHKIS & WILEY 4,120 sh (-94.02%)
» More
Q1 2014

PM Guru Trades in Q1 2014

Paul Tudor Jones 13,389 sh (New)
HOTCHKIS & WILEY 134,817 sh (+3172.26%)
Jean-Marie Eveillard 51,300 sh (+294.62%)
Joel Greenblatt 395,593 sh (+166.42%)
Diamond Hill Capital 1,133,697 sh (+37.07%)
Steven Cohen 12,320 sh (+25.91%)
Jeremy Grantham 19,839,326 sh (+16.25%)
Manning & Napier Advisors, Inc 304,999 sh (+12.05%)
John Rogers 92,085 sh (+5.88%)
James Barrow 22,589,693 sh (+3.25%)
Jim Simons 3,065,493 sh (+2.95%)
Tom Russo 10,191,037 sh (+2.21%)
MS Global Franchise Fund 361,266 sh (+1.26%)
Jeff Auxier 179,359 sh (+1.09%)
Tweedy Browne 1,922,821 sh (+0.32%)
Ruane Cunniff 101,665 sh (+0.24%)
Dodge & Cox 21,300 sh (unchged)
Tweedy Browne Global Value 918,700 sh (unchged)
David Dreman 1,150 sh (unchged)
Tom Gayner 114,500 sh (unchged)
Ronald Muhlenkamp Sold Out
Pioneer Investments 1,074,422 sh (-0.75%)
Bill Frels 10,935 sh (-1.8%)
NWQ Managers 864,214 sh (-2.9%)
Ken Fisher 26,634 sh (-22.73%)
Donald Yacktman 29,689 sh (-23.26%)
Chris Davis 2,599,643 sh (-30.28%)
Murray Stahl 33,252 sh (-78.82%)
Louis Moore Bacon 5,202 sh (-79.19%)
» More
Q2 2014

PM Guru Trades in Q2 2014

Charles Brandes 38,336 sh (New)
Ray Dalio 2,400 sh (New)
HOTCHKIS & WILEY 1,298,397 sh (+863.08%)
David Dreman 4,012 sh (+248.87%)
John Rogers 133,594 sh (+45.08%)
Diamond Hill Capital 1,159,609 sh (+2.29%)
James Barrow 22,811,643 sh (+0.98%)
Tom Russo 10,224,197 sh (+0.33%)
Jeremy Grantham 19,861,535 sh (+0.11%)
Donald Yacktman 29,689 sh (unchged)
Louis Moore Bacon 5,202 sh (unchged)
Tom Gayner 114,500 sh (unchged)
Dodge & Cox 21,300 sh (unchged)
Tweedy Browne Global Value 918,700 sh (unchged)
Jeff Auxier 178,479 sh (-0.49%)
Tweedy Browne 1,894,411 sh (-1.48%)
Manning & Napier Advisors, Inc 291,987 sh (-4.27%)
Murray Stahl 31,653 sh (-4.81%)
Ruane Cunniff 95,165 sh (-6.39%)
Chris Davis 2,259,796 sh (-13.07%)
MS Global Franchise Fund 311,235 sh (-13.85%)
NWQ Managers 723,916 sh (-16.23%)
Ken Fisher 20,840 sh (-21.75%)
Paul Tudor Jones 10,200 sh (-23.82%)
Jim Simons 2,256,600 sh (-26.39%)
Bill Frels 7,869 sh (-28.04%)
Jean-Marie Eveillard 34,300 sh (-33.14%)
Joel Greenblatt 165,621 sh (-58.13%)
Pioneer Investments 7,473 sh (-99.3%)
» More
» Details

Insider Trades

Latest Guru Trades with PM

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Joel Greenblatt 2014-06-30 Reduce -58.13%0.28%$82.21 - $91.34 $ 82.65-4%165621
Charles Brandes 2014-06-30 New Buy0.04%$82.21 - $91.34 $ 82.65-4%38336
David Dreman 2014-06-30 Add 248.87%0.02%$82.21 - $91.34 $ 82.65-4%4012
Jean-Marie Eveillard 2014-06-30 Reduce -33.14%$82.21 - $91.34 $ 82.65-4%34300
Ray Dalio 2014-06-30 New Buy$82.21 - $91.34 $ 82.65-4%2400
Ronald Muhlenkamp 2014-03-31 Sold Out 3.7%$75.39 - $87.13 $ 82.652%0
Joel Greenblatt 2014-03-31 Add 166.42%0.31%$75.39 - $87.13 $ 82.652%395593
Jean-Marie Eveillard 2014-03-31 Add 294.62%0.01%$75.39 - $87.13 $ 82.652%51300
Donald Yacktman 2014-03-31 Reduce -23.26%$75.39 - $87.13 $ 82.652%29689
Joel Greenblatt 2013-12-31 Add 300.4%0.23%$84.16 - $91.64 $ 82.65-5%148487
David Dreman 2013-12-31 New Buy0.01%$84.16 - $91.64 $ 82.65-5%1150
Mario Gabelli 2013-12-31 Sold Out 0.01%$84.16 - $91.64 $ 82.65-5%0
Jean-Marie Eveillard 2013-12-31 Reduce -67.5%0.01%$84.16 - $91.64 $ 82.65-5%13000
Joel Greenblatt 2013-09-30 Add 371.58%0.08%$82.95 - $90.54 $ 82.65-6%37085
Ray Dalio 2013-09-30 Sold Out $82.95 - $90.54 $ 82.65-6%0
Mario Gabelli 2013-09-30 Add 52.37%$82.95 - $90.54 $ 82.65-6%27989
Premium More recent guru trades are included for Premium Members only!!
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Guru Investment Theses on Philip Morris International Inc

Diamond Hill Capital Comments on Philip Morris International Inc - Jun 26, 2014

Tobacco product manufacturer Philip Morris International, Inc. (PM) is the world’s second largest tobacco company and owns half of the leading international cigarette brands. The strength of the product portfolio enables the firm to be the price leader in many geographies.



From Diamond Hill Capital's Select Fund Commentary – First Quarter 2014.



Check out Diamond Hill Capital latest stock trades

Diamond Hill Capital Comments on Philip Morris International - Mar 05, 2014

Tobacco product manufacturer Philip Morris International, Inc. (PM) declined after the company lowered its full-year earnings guidance due to weaker than expected volume and the negative effect of foreign currency translation.



From Diamond Hill Capital (Trades, Portfolio)'s Fourth Quarter 2013 Commentary.

Check out Diamond Hill Capital latest stock trades

Top Ranked Articles about Philip Morris International Inc

Diamond Hill Capital Comments on Philip Morris International Inc
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Ratios

vs
industry
vs
history
P/E(ttm) 16.40
PM's P/E(ttm) is ranked higher than
94% of the 47 Companies
in the Global Tobacco industry.

( Industry Median: 19.50 vs. PM: 16.40 )
PM' s 10-Year P/E(ttm) Range
Min: 10.1   Max: 18.68
Current: 16.4

10.1
18.68
P/S 4.40
PM's P/S is ranked higher than
74% of the 47 Companies
in the Global Tobacco industry.

( Industry Median: 3.79 vs. PM: 4.40 )
PM' s 10-Year P/S Range
Min: 2.69   Max: 5.18
Current: 4.4

2.69
5.18
PFCF 9.10
PM's PFCF is ranked higher than
91% of the 47 Companies
in the Global Tobacco industry.

( Industry Median: 20.07 vs. PM: 9.10 )
PM' s 10-Year PFCF Range
Min: 8.05   Max: 22.62
Current: 9.1

8.05
22.62
EV-to-EBIT 12.64
PM's EV-to-EBIT is ranked higher than
83% of the 47 Companies
in the Global Tobacco industry.

( Industry Median: 13.42 vs. PM: 12.64 )
PM' s 10-Year EV-to-EBIT Range
Min: 7.7   Max: 13.7
Current: 12.64

7.7
13.7
PEG 1.26
PM's PEG is ranked higher than
98% of the 47 Companies
in the Global Tobacco industry.

( Industry Median: 2.65 vs. PM: 1.26 )
PM' s 10-Year PEG Range
Min: 0.54   Max: 1.51
Current: 1.26

0.54
1.51
Shiller P/E 17.70
PM's Shiller P/E is ranked higher than
91% of the 47 Companies
in the Global Tobacco industry.

( Industry Median: 22.82 vs. PM: 17.70 )
PM' s 10-Year Shiller P/E Range
Min: 16.55   Max: 23.58
Current: 17.7

16.55
23.58
Current Ratio 1.08
PM's Current Ratio is ranked higher than
76% of the 46 Companies
in the Global Tobacco industry.

( Industry Median: 1.13 vs. PM: 1.08 )
PM' s 10-Year Current Ratio Range
Min: 0.92   Max: 1.84
Current: 1.08

0.92
1.84
Quick Ratio 0.47
PM's Quick Ratio is ranked higher than
72% of the 46 Companies
in the Global Tobacco industry.

( Industry Median: 0.65 vs. PM: 0.47 )
PM' s 10-Year Quick Ratio Range
Min: 0.36   Max: 0.71
Current: 0.47

0.36
0.71

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 4.60
PM's Dividend Yield is ranked higher than
89% of the 44 Companies
in the Global Tobacco industry.

( Industry Median: 4.03 vs. PM: 4.60 )
PM' s 10-Year Dividend Yield Range
Min: 0.83   Max: 6.24
Current: 4.6

0.83
6.24
Dividend Payout 0.74
PM's Dividend Payout is ranked higher than
77% of the 47 Companies
in the Global Tobacco industry.

( Industry Median: 0.76 vs. PM: 0.74 )
PM' s 10-Year Dividend Payout Range
Min: 0.47   Max: 0.8
Current: 0.74

0.47
0.8
Dividend growth (3y) 13.60
PM's Dividend growth (3y) is ranked higher than
86% of the 43 Companies
in the Global Tobacco industry.

( Industry Median: 12.70 vs. PM: 13.60 )
PM' s 10-Year Dividend growth (3y) Range
Min: 0   Max: 22.3
Current: 13.6

0
22.3
Yield on cost (5-Year) 8.48
PM's Yield on cost (5-Year) is ranked higher than
80% of the 44 Companies
in the Global Tobacco industry.

( Industry Median: 6.72 vs. PM: 8.48 )
PM' s 10-Year Yield on cost (5-Year) Range
Min: 1.53   Max: 11.5
Current: 8.48

1.53
11.5
Share Buyback Rate 4.20
PM's Share Buyback Rate is ranked higher than
95% of the 38 Companies
in the Global Tobacco industry.

( Industry Median: 1.50 vs. PM: 4.20 )
PM' s 10-Year Share Buyback Rate Range
Min: 5.3   Max: -1.1
Current: 4.2

Valuation & Return

vs
industry
vs
history
Price/DCF (Projected) 1.20
PM's Price/DCF (Projected) is ranked higher than
94% of the 47 Companies
in the Global Tobacco industry.

( Industry Median: 1.74 vs. PM: 1.20 )
PM' s 10-Year Price/DCF (Projected) Range
Min: 1.13   Max: 2.19
Current: 1.2

1.13
2.19
Price/Median PS Value 1.00
PM's Price/Median PS Value is ranked higher than
89% of the 47 Companies
in the Global Tobacco industry.

( Industry Median: 1.12 vs. PM: 1.00 )
PM' s 10-Year Price/Median PS Value Range
Min: 0.66   Max: 1.15
Current: 1

0.66
1.15
Price/Peter Lynch Fair Value 1.40
PM's Price/Peter Lynch Fair Value is ranked higher than
98% of the 47 Companies
in the Global Tobacco industry.

( Industry Median: 2.18 vs. PM: 1.40 )
PM' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.64   Max: 1.41
Current: 1.4

0.64
1.41
Earnings Yield (Greenblatt) 7.90
PM's Earnings Yield (Greenblatt) is ranked higher than
81% of the 42 Companies
in the Global Tobacco industry.

( Industry Median: 7.50 vs. PM: 7.90 )
PM' s 10-Year Earnings Yield (Greenblatt) Range
Min: 7.3   Max: 13
Current: 7.9

7.3
13
Forward Rate of Return (Yacktman) 16.48
PM's Forward Rate of Return (Yacktman) is ranked higher than
93% of the 42 Companies
in the Global Tobacco industry.

( Industry Median: 13.10 vs. PM: 16.48 )
PM' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 2.9   Max: 31.5
Current: 16.48

2.9
31.5

Business Description

Industry: Tobacco Products » Tobacco
Compare: » details
Traded in other countries:0M8V.UK, PM.France, PMI.Switzerland, 4I1.Germany
Philip Morris International, Inc. is a Virginia holding company first incorporated in 1987. The Company's subsidiaries and affiliates and their licensees are engaged in the manufacture and sale of cigarettes and other tobacco products in markets outside the United States of America. Its portfolio comprises both international and local brands. Its portfolio of international and local brands is led by Marlboro. It also owns a number of important local brands, such as A Mild, Dji Sam Soe and A Hijau in Indonesia, 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. It has the cigarette market share of at least approx 15%, and, in a number of instances substantially more than 15%, in approximately 97 markets, including Algeria, Argentina, Australia, Austria, Belgium, Canada, Colombia, the Czech Republic, Finland, France, Germany, Greece, Hungary, Indonesia, Italy, Japan, Kazakhstan, Mexico, the Netherlands, the Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Serbia, Singapore, Spain, Sweden, Switzerland, Turkey and Ukraine. Its products are advertised and promoted through various media and channels, including, where permitted by law, point of sale communications, brand events, access-controlled Web sites, print, new digital technologies and direct communication to verified adult smokers. It is subject to highly competitive conditions in all aspects of its business. It competes primarily on the basis of product quality, brand recognition, brand loyalty, taste, innovation, packaging, service, marketing, advertising and price. Its competitors include three large international tobacco companies and several regional and local tobacco companies and, in some instances, government-owned tobacco enterprises, principally in China, Egypt, Thailand, Taiwan, Vietnam and Algeria. It purchases tobacco leaf of various grades and styles throughout the world, the majority through independent tobacco dealer. None of its business segments are dependent upon a single customer or a few customers. Its business segments are not significantly affected by seasonality, although in certain markets cigarette consumption trends rise during the summer months due to longer daylight time and tourism.
» More Articles for PM

Headlines

Articles On GuruFocus.com
GuruFocus Names Top Dividend Growers of the Week Sep 15 2014 
10 Stocks Giving Investors More Money Sep 15 2014 
Price And Value Sep 08 2014 
8 Worst Performing Dividend Grower Of The Past Year - A Great Chance For Investors? Aug 09 2014 
Key Takeaways from Philip Morris’ Second Quarter Aug 06 2014 
Altria Is a Dividend-Paying Machine Jul 28 2014 
How to Benefit from E-Cigarettes Jul 23 2014 
Lorillard is a Bad Deal for Reynolds American Investors Jul 15 2014 
Diamond Hill Capital Comments on Philip Morris International Inc Jun 26 2014 
The Top Five Dividend Stocks that Gurus are Holding Jun 23 2014 


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