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Philip Morris International (XSWX:PMI) Cyclically Adjusted Price-to-FCF : 15.88 (As of May. 16, 2024)


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What is Philip Morris International Cyclically Adjusted Price-to-FCF?

As of today (2024-05-16), Philip Morris International's current share price is CHF88.00. Philip Morris International's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was CHF5.54. Philip Morris International's Cyclically Adjusted Price-to-FCF for today is 15.88.

The historical rank and industry rank for Philip Morris International's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

XSWX:PMI' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 11.38   Med: 16.48   Max: 26.6
Current: 16.15

During the past years, Philip Morris International's highest Cyclically Adjusted Price-to-FCF was 26.60. The lowest was 11.38. And the median was 16.48.

XSWX:PMI's Cyclically Adjusted Price-to-FCF is ranked worse than
75% of 24 companies
in the Tobacco Products industry
Industry Median: 10.45 vs XSWX:PMI: 16.15

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Philip Morris International's adjusted free cash flow per share data for the three months ended in Mar. 2024 was CHF-0.101. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is CHF5.54 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Philip Morris International Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Philip Morris International's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Philip Morris International Cyclically Adjusted Price-to-FCF Chart

Philip Morris International Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.86 15.15 16.08 16.11 14.99

Philip Morris International Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 15.63 15.60 14.78 14.99 14.72

Competitive Comparison of Philip Morris International's Cyclically Adjusted Price-to-FCF

For the Tobacco subindustry, Philip Morris International's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Philip Morris International's Cyclically Adjusted Price-to-FCF Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Philip Morris International's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Philip Morris International's Cyclically Adjusted Price-to-FCF falls into.



Philip Morris International Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Philip Morris International's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=88.00/5.54
=15.88

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Philip Morris International's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Philip Morris International's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-0.101/131.7762*131.7762
=-0.101

Current CPI (Mar. 2024) = 131.7762.

Philip Morris International Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.399 100.560 1.833
201409 1.603 100.428 2.103
201412 0.632 99.070 0.841
201503 -0.366 99.621 -0.484
201506 2.085 100.684 2.729
201509 1.551 100.392 2.036
201512 0.994 99.792 1.313
201603 0.149 100.470 0.195
201606 1.325 101.688 1.717
201609 1.781 101.861 2.304
201612 1.125 101.863 1.455
201703 0.355 102.862 0.455
201706 1.844 103.349 2.351
201709 0.920 104.136 1.164
201712 1.505 104.011 1.907
201803 0.619 105.290 0.775
201806 2.282 106.317 2.828
201809 0.844 106.507 1.044
201812 1.332 105.998 1.656
201903 0.590 107.251 0.725
201906 2.073 108.070 2.528
201909 1.203 108.329 1.463
201912 2.001 108.420 2.432
202003 0.579 108.902 0.701
202006 1.090 108.767 1.321
202009 2.033 109.815 2.440
202012 1.720 109.897 2.062
202103 0.153 111.754 0.180
202106 2.038 114.631 2.343
202109 2.199 115.734 2.504
202112 2.213 117.630 2.479
202203 0.532 121.301 0.578
202206 2.047 125.017 2.158
202209 1.766 125.227 1.858
202212 1.648 125.222 1.734
202303 -0.735 127.348 -0.761
202306 1.787 128.729 1.829
202309 1.762 129.860 1.788
202312 1.666 129.419 1.696
202403 -0.101 131.776 -0.101

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Philip Morris International  (XSWX:PMI) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Philip Morris International Cyclically Adjusted Price-to-FCF Related Terms

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Philip Morris International (XSWX:PMI) Business Description

Address
677 Washington Boulevard, Suite 1100, Stamford, Connecticut, New York, NY, USA, 06901
Philip Morris International is an international tobacco company with a product portfolio primarily consisting of cigarettes and reduced-risk products, including heat-not-burn, vapor and oral nicotine products, which are sold in markets outside the United States. The company diversified away from cigarettes with the 2022 acquisition of Swedish Match, a leading manufacturer of traditional oral tobacco products and nicotine pouches, primarily in the U.S. and Scandinavia. It diversified away from nicotine products with the acquisition of Vectura, a provider of innovative inhaled drug delivery solutions, in 2021.

Philip Morris International (XSWX:PMI) Headlines

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