Philip Morris (4I1) Price & Analysis
4I1 Stock Chart & Stats
- Day’s Range
- EUR 187.00 - EUR 190.04
- 52-Week Range
- EUR 123.94 - EUR 190.04
- Previous Close
- EUR 184.36
- Volume
- 401
- Average Volume (3M)
- 411
- Market Cap
- EUR 290.42B
- Enterprise Value
- EUR 340.53B
- Total Cash (Recent Filing)
- EUR 6.68B
- Total Debt (Recent Filing)
- EUR 47.56B
- Price to Earnings (P/E)
- 30.5
- Beta
- 0.08
- Next Earnings
- Feb 11, 2027
- EPS Estimate
- 1.66
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- 2.82%
Bulls Say, Bears Say
Bulls Say
Smoke-free Portfolio Growth And Market Share
PMI’s smoke-free portfolio is gaining adoption across IQOS, VEEV, and ZYN, while international share reaches 62%. This supports a durable transition toward recurring consumables revenue, broadens the company’s product base, and creates longer-term growth beyond combustible cigarettes.
High-margin Profitability And Productivity
Very strong operating margins, supported by pricing, favorable smoke-free mix, scale, and productivity savings, provide resilience as PMI invests in growth. The cost program has already exceeded its three-year objective, improving the potential sustainability of profitability over the next several quarters.
Strong Cash Generation And Earnings Outlook
The combination of substantial operating cash flow and maintained organic revenue growth guidance indicates that PMI can fund product expansion, dividends, and operations internally. Growing shipment volumes and projected operating-income growth further support durable earnings power despite portfolio transition costs.
Bears Say
Aggressive Leverage And Negative Equity
Persistent negative equity and high debt make PMI’s capital structure structurally aggressive and reduce financial flexibility. Although cash generation is strong, operating cash flow covers only about half to two-thirds of debt in the periods shown, increasing sensitivity to weaker operating conditions.
Secular Cigarette Volume Decline And Tax Exposure
Cigarette volumes are declining even as pricing remains strong, creating a lasting need for smoke-free growth to offset the combustible business. Excise increases can further pressure lawful-industry revenue by reducing demand or shifting consumers toward illicit products in affected markets.
ZYN Transition Creates Profitability And Revenue Pressure
PMI’s ZYN expansion requires unusually high consumer, portfolio, and manufacturing investment while the 20-pouch transition lowers revenue per pouch. These changes can suppress near-term U.S. profitability and make the economics of scaling the strategic nicotine-growth platform less predictable.
Philip Morris News
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Philip Morris Stock Smart Score
Company Description
Philip Morris
Philip Morris International Inc. functions as a prominent tobacco enterprise, actively working toward a smoke-free future. The company is strategically diversifying its long-term product range to incorporate items beyond traditional tobacco and nicotine. Its primary business involves both conventional cigarettes and an expanding array of smoke-free alternatives, such as innovative heat-not-burn devices, vapor products, and oral nicotine solutions. These offerings are distributed in markets worldwide, with the exception of the United States. The smoke-free portfolio includes brands like HEETS (encompassing Creations, Dimensions, Marlboro variants), Parliament HeatSticks, and TEREA, in addition to KT&G-licensed brands Fiit and Miix. For conventional cigarettes, the company sells internationally recognized brands such as Marlboro, Parliament, Bond Street, Chesterfield, L&M, Lark, and Philip Morris. Regionally, it also owns major cigarette brands like Dji Sam Soe, Sampoerna A, and Sampoerna U in Indonesia, and Fortune and Jackpot in the Philippines. PMI's smoke-free innovations are currently available across 71 global markets. Established in 1987, Philip Morris International Inc. is headquartered in New York, New York.
- Sector
- Consumerdefensive
- Industry
- Tobacco
- CEO
- Jacek Olczak
- Employees
- 84,900
- Website
- www.pmi.com
- Address
- 677 Washington Boulevard, Stamford, CT, 06901, US
Philip Morris (4I1) Earnings & Revenues
4I1 Company Deck
4I1 Earnings Call
Earnings Call SentimentPositive
The call was strongly positive, with record Q3 operating income and EPS, broad-based smoke-free growth, resilient combustibles performance, expanding margins, strong cash generation, and maintained full-year growth guidance. The main challenges were geopolitical and inflationary cost pressures, a substantial temporary investment cycle and profitability decline in U.S. ZYN during Q4, excise-related headwinds in Japan and Poland, and ongoing cigarette volume declines. Overall, the positive operating and financial trends significantly outweighed the explicitly stated challenges.
View all DE:4I1 earnings summaries4I1 Net sales Breakdown
- 58.54% Combustible tobacco products
- 41.46% Smoke-free products
4I1 Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 15 | 2 | 5 |
| Technical Analysis | 3 | 2 | 5 |
| Moving Averages | 12 | 0 | 0 |