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Last €77.03 EUR
Change Today -0.40 / -0.52%
Volume 100.0
As of 5:34 AM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

philip morris international (PM) Snapshot

Open
€77.03
Previous Close
€77.43
Day High
€77.03
Day Low
€77.03
52 Week High
04/21/15 - €79.76
52 Week Low
08/5/14 - €60.42
Market Cap
119.3B
Average Volume 10 Days
215.8
EPS TTM
--
Shares Outstanding
1.5B
EX-Date
06/23/15
P/E TM
--
Dividend
€3.94
Dividend Yield
4.42%
Current Stock Chart for PHILIP MORRIS INTERNATIONAL (PM)

philip morris international (PM) Details

Philip Morris International Inc., through its subsidiaries, manufactures and sells cigarettes, other tobacco products, and other nicotine-containing products. Its portfolio of brands comprise Marlboro, Merit, Parliament, Virginia Slims, L&M, Chesterfield, Bond Street, Lark, Muratti, Next, Philip Morris, and Red & White. The company also owns various cigarette brands comprising 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. It sells its products in approximately 180 countries in the European Union, Eastern Europe, the Middle East, Africa, Asia, Latin America, and Canada. The company was incorporated in 1987 and is headquartered in New York, New York.

82,500 Employees
Last Reported Date: 02/20/15
Founded in 1987

philip morris international (PM) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $1.6M
Chief Financial Officer
Total Annual Compensation: $1.0M
President of Reduced-Risk Products
Total Annual Compensation: $1.0M
President of Asia Region
Total Annual Compensation: $904.6K
Senior Vice President and General Counsel
Total Annual Compensation: $1.1M
Compensation as of Fiscal Year 2014.

philip morris international (PM) Key Developments

Altria Expands e-Cigarette Research Partnership with Philip Morris International

Altria and Philip Morris International are expanding their research partnership to develop e-cigarette products. Altria Group Inc. would bring the products to market in the U.S., while Philip Morris would handle markets outside the U.S. The deal provides for exclusive technology cross licenses, technical information sharing and cooperation on scientific assessment, regulatory engagement and approval related to e-vapor products.

Swedish Match and Philip Morris International to Dissolve Smokeless Joint Venture

Swedish Match and Philip Morris International have mutually agreed to dissolve their joint venture agreement relating to the sale of smokeless tobacco products outside Scandinavia and the US. Swedish Match to continue to sell General snus in Canada, Russia and Malaysia. Swedish Match sees good opportunities for its snus products internationally over the longer term. The joint venture SMPM International (owned on a 50/50 basis by Swedish Match and PMI) was established in 2009 with an aim to commercialize snus outside Scandinavia and the US. Within the scope of the joint venture Swedish Match has developed and produced snus products which have then been sold through the PMI organization. Both companies have licensed trademarks to the joint venture. The joint venture most recently has been selling snus in Canada, Russia, Israel and Malaysia. Costs for joint venture activities have been shared 50/50. Swedish Match and PMI will now focus on independent strategies for the commercialization of snus in the former joint venture territory. Trademark licenses will revert to the original owners, and separate transitional agreements have been signed whereby Swedish Match will supply snus products to PMI for certain markets and PMI will perform distribution services on behalf of Swedish Match in Canada and in Russia.

Philip Morris International Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Reaffirms Earnings Guidance for the Full-Year 2015

Philip Morris International Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net revenues of $18,763 million against $21,051 million a year ago. Operating income was $2,892 million against $2,874 million a year ago. Earnings before income taxes were $2,633 million against $2,620 million a year ago. Net earnings attributable the company were $1,887 million against $1,851 million a year ago. Basic and diluted earnings per share were $1.21 against $1.17 a year ago. Adjusted diluted EPS was $1.21 against $1.41 a year ago. Net cash provided by operating activities was $3,675 million against $2,705 million a year ago. Capital expenditures were $210 million against $252 million a year ago. For the six months, the company reported net revenues of $36,115 million against $38,830 million a year ago. Operating income was $5,763 million against $5,825 million a year ago. Earnings before income taxes were $5,229 million against $5,303 million a year ago. Net earnings attributable to the company were $3,682 million against $3,726 million a year ago. Basic and diluted earnings per share were $2.37 against $2.35 a year ago. Net cash provided by operating activities was $3,300 million against $3,420 million a year ago. Capital expenditures were $413 million against $508 million a year ago. Adjusted diluted EPS was $2.37 against $2.60 a year ago. Net debt as on June 30, 2015 was $27,364 million. The company reaffirmed earnings guidance for the full-year 2015. For the year, reported diluted earnings per share forecast to be in a range of $4.32 to $4.42, at prevailing exchange rates, versus $4.76 in 2014. On an adjusted basis, diluted EPS are projected to increase in the range of 9% to 11% versus adjusted diluted EPS of $5.02 in 2014, excluding an unfavorable currency impact, at prevailing exchange rates, of approximately $1.15 per share for the full-year 2015. For 2015, the company forecast free cash flow to be broadly in line with last year's level despite the significant currency headwind.

 

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Industry Analysis

PM

Industry Average

Valuation PM Industry Range
Price/Earnings 17.9x
Price/Sales 4.6x
Price/Book NM Not Meaningful
Price/Cash Flow 17.6x
TEV/Sales 3.5x
 | 

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