Philip Morris: Strong Fundamentals, But Expensive (NYSE:PM)

Mann füllt Gadget mit einer Zigarette. neue Rauchertechnologie. Raucher rauchen Hybrid rauchlose Zigarette Gerät, das echte Tabaknachfüllungen verwendet, Hybrid-Technologie zwischen analogen und elektronischen Zigaretten.

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Investment thesis

Philip Morris International (NYSE:PM) is a highly profitable tobacco stock, which is the pioneer of the reduced-risk products market. Supposedly, the killer of traditional cigarettes. During the first nine months in 2022 RRPs (reduced-risk products) already contributed over 29.8% of

table of ROCE

Table made by author using data from Philip Morris International IR

table of cigarette volume

Table made by author using data from Philip Morris International IR

column diagram of cigarette volume

Diagram made by author using data from Philip Morris International IR

Chart
Data by YCharts

table from DCF

Table made by author using data from SA and Philip Morris IR

table of dividend history

Table made by author using data from SA

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