Projected Income Statement: Philip Morris International, Inc.

Forecast Balance Sheet: Philip Morris International, Inc.

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 23,310 39,916 44,849 41,479 43,963 41,067 39,025 37,105
Change - 71.24% 12.36% -7.51% 5.99% -6.59% -4.97% -4.92%
Announcement Date 10/02/22 09/02/23 08/02/24 06/02/25 06/02/26 - - -
1USD in Million
Estimates

Cash Flow Forecast: Philip Morris International, Inc.

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 748 1,077 1,321 1,444 1,569 1,542 1,530 1,629
Change - 43.98% 22.66% 9.31% 8.66% -1.74% -0.75% 6.5%
Free Cash Flow (FCF) 1 11,219 9,726 7,883 10,773 10,664 3,300 4,110 -
Change - -13.31% -18.95% 36.66% -1.01% -69.05% 24.55% -100%
Announcement Date 10/02/22 09/02/23 08/02/24 06/02/25 06/02/26 - - -
1USD in Million
Estimates

Forecast Financial Ratios: Philip Morris International, Inc.

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 46.13% 43.45% 40.35% 41.13% 42.75% 44.86% 45.16% 44.67%
EBIT Margin (%) 42.95% 40.64% 37.92% 38.78% 40.42% 40.9% 41.57% 41.62%
EBT Margin (%) 38.95% 36.63% 29.71% 32.21% 34.15% 34.23% 37.34% 38.63%
Net margin (%) 29% 28.49% 22.21% 18.63% 27.92% 26.76% 29.5% 30.51%
FCF margin (%) 35.72% 30.62% 22.41% 28.44% 26.23% 7.58% 8.92% -
FCF / Net Income (%) 123.16% 107.49% 100.9% 152.66% 93.97% 28.33% 30.25% -

Profitability

        
ROA 21.16% 18.03% 14.7% 16.09% 17.94% 17.57% 19.94% 21.54%
ROE - - - - - - - 645.72%

Financial Health

        
Leverage (Debt/EBITDA) 1.61x 2.89x 3.16x 2.66x 2.53x 2.1x 1.88x 1.7x
Debt / Free cash flow 2.08x 4.1x 5.69x 3.85x 4.12x 12.44x 9.5x -

Capital Intensity

        
CAPEX / Current Assets (%) 2.38% 3.39% 3.76% 3.81% 3.86% 3.54% 3.32% 3.33%
CAPEX / EBITDA (%) 5.16% 7.8% 9.31% 9.27% 9.03% 7.9% 7.36% 7.46%
CAPEX / FCF (%) 6.67% 11.07% 16.76% 13.4% 14.71% 46.72% 37.23% -

Items per share

        
Cash flow per share 1 7.676 6.961 5.927 7.852 7.54 9.098 9.951 11.28
Change - -9.32% -14.86% 32.48% -3.96% 20.66% 9.37% 13.31%
Dividend per Share 1 4.9 5.04 5.2 5.4 5.64 6.075 6.385 6.779
Change - 2.86% 3.17% 3.85% 4.44% 7.71% 5.1% 6.18%
Book Value Per Share 1 -6.486 -5.771 -7.228 -7.551 -6.415 -4.281 -2.644 -1.369
Change - 11.03% -25.24% -4.48% 15.05% 33.26% 38.23% 48.22%
EPS 1 5.83 5.81 5.02 4.52 7.26 7.464 8.726 9.616
Change - -0.34% -13.6% -9.96% 60.62% 2.81% 16.9% 10.2%
Nbr of stocks (in thousands) 15,56,828 15,50,202 15,52,406 15,54,833 15,56,639 15,58,613 15,58,613 15,58,613
Announcement Date 10/02/22 09/02/23 08/02/24 06/02/25 06/02/26 - - -
1USD
Estimates
2026 *2027 *
P/E 25.6x 21.9x
PBR -44.6x -72.2x
EV / Sales 7.78x 7.3x
Yield 3.18% 3.35%

EPS & Dividend



Y-o-Y evolution of P/E

 

Year-on-year evolution of the Yield

Trader
Investor
-
Global
-
Quality
-
ESG MSCI
A
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
16
Last Close Price
190.84USD
Average target price
208.13USD
Spread / Average Target
+9.06%

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Stocks
  3. PM Stock
  4. PMI Stock
  5. Financials Philip Morris International, Inc.