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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 0.07
PM's Cash to Debt is ranked higher than
68% of the 63 Companies
in the Global Tobacco industry.

( Industry Median: 0.21 vs. PM: 0.07 )
PM' s 10-Year Cash to Debt Range
Min: 0.05   Max: No Debt
Current: 0.07

Equity to Asset -0.29
PM's Equity to Asset is ranked higher than
67% of the 58 Companies
in the Global Tobacco industry.

( Industry Median: 0.26 vs. PM: -0.29 )
PM' s 10-Year Equity to Asset Range
Min: -0.29   Max: 0.55
Current: -0.29

-0.29
0.55
Interest Coverage 12.24
PM's Interest Coverage is ranked higher than
86% of the 51 Companies
in the Global Tobacco industry.

( Industry Median: 9.00 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: 5
Z-Score: 4.78
M-Score: -2.68
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 (%) 40.71
PM's Operating margin (%) is ranked higher than
97% of the 63 Companies
in the Global Tobacco industry.

( Industry Median: 28.73 vs. PM: 40.71 )
PM' s 10-Year Operating margin (%) Range
Min: 18.56   Max: 44.18
Current: 40.71

18.56
44.18
Net-margin (%) 25.92
PM's Net-margin (%) is ranked higher than
98% of the 63 Companies
in the Global Tobacco industry.

( Industry Median: 19.27 vs. PM: 25.92 )
PM' s 10-Year Net-margin (%) Range
Min: 11.91   Max: 29.56
Current: 25.92

11.91
29.56
ROA (%) 21.52
PM's ROA (%) is ranked higher than
92% of the 64 Companies
in the Global Tobacco industry.

( Industry Median: 12.45 vs. PM: 21.52 )
PM' s 10-Year ROA (%) Range
Min: 18.78   Max: 27.57
Current: 21.52

18.78
27.57
ROC (Joel Greenblatt) (%) 149.03
PM's ROC (Joel Greenblatt) (%) is ranked higher than
87% of the 63 Companies
in the Global Tobacco industry.

( Industry Median: 124.91 vs. PM: 149.03 )
PM' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 83.98   Max: 196.99
Current: 149.03

83.98
196.99
Revenue Growth (3Y)(%) 9.20
PM's Revenue Growth (3Y)(%) is ranked higher than
87% of the 56 Companies
in the Global Tobacco industry.

( Industry Median: 2.80 vs. PM: 9.20 )
PM' s 10-Year Revenue Growth (3Y)(%) Range
Min: -12.9   Max: 13
Current: 9.2

-12.9
13
EBITDA Growth (3Y)(%) 10.80
PM's EBITDA Growth (3Y)(%) is ranked higher than
91% of the 54 Companies
in the Global Tobacco industry.

( Industry Median: 6.20 vs. PM: 10.80 )
PM' s 10-Year EBITDA Growth (3Y)(%) Range
Min: 9.2   Max: 16.4
Current: 10.8

9.2
16.4
EPS Growth (3Y)(%) 10.30
PM's EPS Growth (3Y)(%) is ranked higher than
87% of the 56 Companies
in the Global Tobacco industry.

( Industry Median: 6.50 vs. PM: 10.30 )
PM' s 10-Year EPS Growth (3Y)(%) 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

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%)
Tweedy Browne Global Value 918,700 sh (unchged)
David Dreman 1,150 sh (unchged)
Tom Gayner 114,500 sh (unchged)
Dodge & Cox 21,300 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%)
Louis Moore Bacon 5,202 sh (unchged)
Donald Yacktman 29,689 sh (unchged)
Tweedy Browne Global Value 918,700 sh (unchged)
Tom Gayner 114,500 sh (unchged)
Dodge & Cox 21,300 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
Q3 2014

PM Guru Trades in Q3 2014

Joel Greenblatt 656,417 sh (+296.34%)
Charles Brandes 145,523 sh (+279.6%)
Paul Tudor Jones 12,980 sh (+27.25%)
Jeremy Grantham 23,709,135 sh (+19.37%)
Diamond Hill Capital 1,232,847 sh (+6.32%)
John Rogers 140,441 sh (+5.13%)
David Dreman 4,157 sh (+3.61%)
Murray Stahl 32,603 sh (+3%)
James Barrow 23,152,203 sh (+1.49%)
Tom Russo 10,252,495 sh (+0.28%)
Jeff Auxier 178,554 sh (+0.04%)
Donald Yacktman 29,689 sh (unchged)
Ruane Cunniff 95,165 sh (unchged)
Tweedy Browne Global Value 918,700 sh (unchged)
Tom Gayner 114,500 sh (unchged)
Ray Dalio Sold Out
Louis Moore Bacon Sold Out
MS Global Franchise Fund 310,912 sh (-0.1%)
Bill Frels 7,852 sh (-0.22%)
Dodge & Cox 20,900 sh (-1.88%)
Tweedy Browne 1,854,479 sh (-2.11%)
Manning & Napier Advisors, Inc 277,142 sh (-5.08%)
HOTCHKIS & WILEY 1,178,846 sh (-9.21%)
NWQ Managers 648,384 sh (-10.43%)
Ken Fisher 18,148 sh (-12.92%)
Pioneer Investments 6,150 sh (-17.7%)
Jim Simons 1,255,600 sh (-44.36%)
Chris Davis 991,480 sh (-56.13%)
Jean-Marie Eveillard 13,800 sh (-59.77%)
» More
Q4 2014

PM Guru Trades in Q4 2014

Tweedy Browne Global Value 918,700 sh (unchged)
» 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 2014-09-30 Add 296.34%0.4%$81.58 - $86.29 $ 82.82-2%656417
Chris Davis 2014-09-30 Reduce -56.13%0.32%$81.58 - $86.29 $ 82.82-2%991480
Charles Brandes 2014-09-30 Add 279.6%0.12%$81.58 - $86.29 $ 82.82-2%145523
Ray Dalio 2014-09-30 Sold Out $81.58 - $86.29 $ 82.82-2%0
Jean-Marie Eveillard 2014-09-30 Reduce -59.77%$81.58 - $86.29 $ 82.82-2%13800
HOTCHKIS & WILEY 2014-06-30 Add 863.08%0.35%$82.21 - $91.34 $ 82.82-4%1298397
Joel Greenblatt 2014-06-30 Reduce -58.13%0.28%$82.21 - $91.34 $ 82.82-4%165621
Charles Brandes 2014-06-30 New Buy0.04%$82.21 - $91.34 $ 82.82-4%38336
John Rogers 2014-06-30 Add 45.08%0.04%$82.21 - $91.34 $ 82.82-4%133594
David Dreman 2014-06-30 Add 248.87%0.02%$82.21 - $91.34 $ 82.82-4%4012
Ken Fisher 2014-06-30 Reduce -21.75%$82.21 - $91.34 $ 82.82-4%20840
Jean-Marie Eveillard 2014-06-30 Reduce -33.14%$82.21 - $91.34 $ 82.82-4%34300
Ray Dalio 2014-06-30 New Buy$82.21 - $91.34 $ 82.82-4%2400
Ronald Muhlenkamp 2014-03-31 Sold Out 3.7%$75.39 - $87.13 $ 82.822%0
Joel Greenblatt 2014-03-31 Add 166.42%0.31%$75.39 - $87.13 $ 82.822%395593
Chris Davis 2014-03-31 Reduce -30.28%0.24%$75.39 - $87.13 $ 82.822%2599643
HOTCHKIS & WILEY 2014-03-31 Add 3172.26%0.04%$75.39 - $87.13 $ 82.822%134817
Jean-Marie Eveillard 2014-03-31 Add 294.62%0.01%$75.39 - $87.13 $ 82.822%51300
Ken Fisher 2014-03-31 Reduce -22.73%$75.39 - $87.13 $ 82.822%26634
Donald Yacktman 2014-03-31 Reduce -23.26%$75.39 - $87.13 $ 82.822%29689
David Winters 2013-12-31 Sold Out 10.6%$84.16 - $91.64 $ 82.82-5%0
Joel Greenblatt 2013-12-31 Add 300.4%0.23%$84.16 - $91.64 $ 82.82-5%148487
John Rogers 2013-12-31 Add 686.58%0.08%$84.16 - $91.64 $ 82.82-5%86972
HOTCHKIS & WILEY 2013-12-31 Reduce -94.02%0.03%$84.16 - $91.64 $ 82.82-5%4120
Mario Gabelli 2013-12-31 Sold Out 0.01%$84.16 - $91.64 $ 82.82-5%0
David Dreman 2013-12-31 New Buy0.01%$84.16 - $91.64 $ 82.82-5%1150
Ken Fisher 2013-12-31 Reduce -60.15%0.01%$84.16 - $91.64 $ 82.82-5%34470
Jean-Marie Eveillard 2013-12-31 Reduce -67.5%0.01%$84.16 - $91.64 $ 82.82-5%13000
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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
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.
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Ratios

vs
industry
vs
history
P/E(ttm) 16.70
PM's P/E(ttm) is ranked higher than
91% of the 65 Companies
in the Global Tobacco industry.

( Industry Median: 20.20 vs. PM: 16.70 )
PM' s 10-Year P/E(ttm) Range
Min: 10.1   Max: 18.68
Current: 16.7

10.1
18.68
Forward P/E 15.36
PM's Forward P/E is ranked higher than
85% of the 65 Companies
in the Global Tobacco industry.

( Industry Median: 17.83 vs. PM: 15.36 )
N/A
PE(NRI) 16.60
PM's PE(NRI) is ranked higher than
95% of the 65 Companies
in the Global Tobacco industry.

( Industry Median: 20.30 vs. PM: 16.60 )
PM' s 10-Year PE(NRI) Range
Min: 10.11   Max: 18.67
Current: 16.6

10.11
18.67
P/S 4.30
PM's P/S is ranked higher than
60% of the 65 Companies
in the Global Tobacco industry.

( Industry Median: 3.84 vs. PM: 4.30 )
PM' s 10-Year P/S Range
Min: 2.69   Max: 5.18
Current: 4.3

2.69
5.18
PFCF 17.36
PM's PFCF is ranked higher than
86% of the 65 Companies
in the Global Tobacco industry.

( Industry Median: 22.06 vs. PM: 17.36 )
PM' s 10-Year PFCF Range
Min: 10.07   Max: 22.62
Current: 17.36

10.07
22.62
POCF 15.00
PM's POCF is ranked higher than
92% of the 65 Companies
in the Global Tobacco industry.

( Industry Median: 19.52 vs. PM: 15.00 )
PM' s 10-Year POCF Range
Min: 8.81   Max: 18.41
Current: 15

8.81
18.41
EV-to-EBIT 12.70
PM's EV-to-EBIT is ranked higher than
86% of the 65 Companies
in the Global Tobacco industry.

( Industry Median: 13.83 vs. PM: 12.70 )
PM' s 10-Year EV-to-EBIT Range
Min: 7.7   Max: 13.7
Current: 12.7

7.7
13.7
PEG 1.27
PM's PEG is ranked higher than
98% of the 65 Companies
in the Global Tobacco industry.

( Industry Median: 3.08 vs. PM: 1.27 )
PM' s 10-Year PEG Range
Min: 0.54   Max: 1.8
Current: 1.27

0.54
1.8
Shiller P/E 17.79
PM's Shiller P/E is ranked higher than
94% of the 65 Companies
in the Global Tobacco industry.

( Industry Median: 24.25 vs. PM: 17.79 )
PM' s 10-Year Shiller P/E Range
Min: 16.59   Max: 23.4
Current: 17.79

16.59
23.4
Current Ratio 0.98
PM's Current Ratio is ranked higher than
72% of the 64 Companies
in the Global Tobacco industry.

( Industry Median: 1.18 vs. PM: 0.98 )
PM' s 10-Year Current Ratio Range
Min: 0.92   Max: 1.84
Current: 0.98

0.92
1.84
Quick Ratio 0.45
PM's Quick Ratio is ranked higher than
72% of the 64 Companies
in the Global Tobacco industry.

( Industry Median: 0.65 vs. PM: 0.45 )
PM' s 10-Year Quick Ratio Range
Min: 0.36   Max: 0.71
Current: 0.45

0.36
0.71
Days Inventory 300.57
PM's Days Inventory is ranked higher than
69% of the 65 Companies
in the Global Tobacco industry.

( Industry Median: 105.50 vs. PM: 300.57 )
PM' s 10-Year Days Inventory Range
Min: 231.41   Max: 381.73
Current: 300.57

231.41
381.73
Days Sales Outstanding 45.51
PM's Days Sales Outstanding is ranked higher than
77% of the 65 Companies
in the Global Tobacco industry.

( Industry Median: 40.46 vs. PM: 45.51 )
PM' s 10-Year Days Sales Outstanding Range
Min: 34.62   Max: 53.7
Current: 45.51

34.62
53.7

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 4.68
PM's Dividend Yield is ranked higher than
92% of the 53 Companies
in the Global Tobacco industry.

( Industry Median: 3.60 vs. PM: 4.68 )
PM' s 10-Year Dividend Yield Range
Min: 0.83   Max: 6.24
Current: 4.68

0.83
6.24
Dividend Payout 0.77
PM's Dividend Payout is ranked higher than
77% of the 65 Companies
in the Global Tobacco industry.

( Industry Median: 0.77 vs. PM: 0.77 )
PM' s 10-Year Dividend Payout Range
Min: 0.47   Max: 0.8
Current: 0.77

0.47
0.8
Dividend growth (3y) 13.60
PM's Dividend growth (3y) is ranked higher than
89% of the 53 Companies
in the Global Tobacco industry.

( Industry Median: 10.50 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) 8.66
PM's Yield on cost (5-Year) is ranked higher than
85% of the 53 Companies
in the Global Tobacco industry.

( Industry Median: 6.50 vs. PM: 8.66 )
PM' s 10-Year Yield on cost (5-Year) Range
Min: 1.53   Max: 11.5
Current: 8.66

1.53
11.5
Share Buyback Rate 4.20
PM's Share Buyback Rate is ranked higher than
96% of the 49 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) 1.34
PM's Price/DCF (Projected) is ranked higher than
82% of the 65 Companies
in the Global Tobacco industry.

( Industry Median: 2.10 vs. PM: 1.34 )
PM' s 10-Year Price/DCF (Projected) Range
Min: 1.28   Max: 2.19
Current: 1.34

1.28
2.19
Price/Median PS Value 0.99
PM's Price/Median PS Value is ranked higher than
74% of the 65 Companies
in the Global Tobacco industry.

( Industry Median: 1.20 vs. PM: 0.99 )
PM' s 10-Year Price/Median PS Value Range
Min: 0.66   Max: 1.15
Current: 0.99

0.66
1.15
Price/Peter Lynch Fair Value 1.69
PM's Price/Peter Lynch Fair Value is ranked higher than
88% of the 65 Companies
in the Global Tobacco industry.

( Industry Median: 0.00 vs. PM: 1.69 )
PM' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.64   Max: 1.69
Current: 1.69

0.64
1.69
Earnings Yield (Greenblatt) 7.90
PM's Earnings Yield (Greenblatt) is ranked higher than
80% of the 61 Companies
in the Global Tobacco industry.

( Industry Median: 7.20 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) 15.81
PM's Forward Rate of Return (Yacktman) is ranked higher than
91% of the 47 Companies
in the Global Tobacco industry.

( Industry Median: 11.17 vs. PM: 15.81 )
PM' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 4.3   Max: 33.5
Current: 15.81

4.3
33.5

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 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. The Company's 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. The Company is subject to applicable international, national and local environmental laws and regulations in the countries in which they do business.
» More Articles for PM

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