Stock Analysis on Net

Altria Group Inc. (NYSE:MO)

This company has been moved to the archive! The financial data has not been updated since July 28, 2022.

Common Stock Valuation Ratios (Price Multiples)

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Current Valuation Ratios

Altria Group Inc., current price multiples

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Altria Group Inc. Coca-Cola Co. Mondelēz International Inc. PepsiCo Inc. Food, Beverage & Tobacco Consumer Staples
Selected Financial Data
Current share price (P) $44.00
No. shares of common stock outstanding 1,800,823,383
Growth rate (g) -25.48%
 
Earnings per share (EPS) $1.37
Next year expected EPS $1.02
Operating profit per share $6.42
Sales per share $14.45
Book value per share (BVPS) $-0.89
Valuation Ratios (Price Multiples)
Price to earnings (P/E) 32.01 24.56 19.03 26.29 27.49 31.96
Price to next year expected earnings 42.96 22.58 17.69 23.33 25.22 29.67
Price to operating profit (P/OP) 6.85 23.27 17.16 19.90 22.82 23.45
Price to sales (P/S) 3.05 5.75 2.62 2.61 4.06 1.76

Based on: 10-K (reporting date: 2021-12-31).

If the company price multiple is lower then the price multiple of benchmark then company stock is relatively undervalued.
Otherwise, if the company price multiple is higher then the price multiple of benchmark then company stock is relatively overvalued.


Historical Valuation Ratios (Summary)

Altria Group Inc., historical price multiples

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Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Price to earnings (P/E) 37.80 18.14 14.03 11.90
Price to operating profit (P/OP) 8.09 7.45 7.65 10.71 12.73
Price to sales (P/S) 3.60 3.10 3.14 3.85 4.76
Price to book value (P/BV) 28.54 12.69 6.60 7.91

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

Valuation ratio Description The company
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. Altria Group Inc. P/OP ratio decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. Altria Group Inc. P/S ratio decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.

Price to Earnings (P/E)

Altria Group Inc., historical P/E calculation, comparison to benchmarks

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Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
No. shares of common stock outstanding1 1,817,257,322 1,858,689,654 1,858,366,804 1,874,430,847 1,900,449,362
Selected Financial Data (US$)
Net earnings (losses) attributable to Altria (in millions) 2,475 4,467 (1,293) 6,963 10,222
Earnings per share (EPS)2 1.36 2.40 -0.70 3.71 5.38
Share price1, 3 51.48 43.60 42.49 52.10 64.00
Valuation Ratio
P/E ratio4 37.80 18.14 14.03 11.90
Benchmarks
P/E Ratio, Competitors5
Coca-Cola Co. 27.63 27.91 28.21
Mondelēz International Inc. 21.64 22.33 21.72
PepsiCo Inc. 30.58 26.15 27.83
P/E Ratio, Sector
Food, Beverage & Tobacco 27.48 26.15 26.82
P/E Ratio, Industry
Consumer Staples 27.26 25.26 34.44

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 Data adjusted for splits and stock dividends.

2 2021 Calculation
EPS = Net earnings (losses) attributable to Altria ÷ No. shares of common stock outstanding
= 2,475,000,000 ÷ 1,817,257,322 = 1.36

3 Closing price as at the filing date of Altria Group Inc. Annual Report.

4 2021 Calculation
P/E ratio = Share price ÷ EPS
= 51.48 ÷ 1.36 = 37.80

5 Click competitor name to see calculations.


Price to Operating Profit (P/OP)

Altria Group Inc., historical P/OP calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
No. shares of common stock outstanding1 1,817,257,322 1,858,689,654 1,858,366,804 1,874,430,847 1,900,449,362
Selected Financial Data (US$)
Operating income (in millions) 11,560 10,873 10,326 9,115 9,556
Operating profit per share2 6.36 5.85 5.56 4.86 5.03
Share price1, 3 51.48 43.60 42.49 52.10 64.00
Valuation Ratio
P/OP ratio4 8.09 7.45 7.65 10.71 12.73
Benchmarks
P/OP Ratio, Competitors5
Coca-Cola Co. 26.19 24.03 24.95
Mondelēz International Inc. 20.00 20.60 21.87
PepsiCo Inc. 20.87 18.47 19.78
P/OP Ratio, Sector
Food, Beverage & Tobacco 22.81 21.01 22.26
P/OP Ratio, Industry
Consumer Staples 20.00 19.45 21.06

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 Data adjusted for splits and stock dividends.

2 2021 Calculation
Operating profit per share = Operating income ÷ No. shares of common stock outstanding
= 11,560,000,000 ÷ 1,817,257,322 = 6.36

3 Closing price as at the filing date of Altria Group Inc. Annual Report.

4 2021 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 51.48 ÷ 6.36 = 8.09

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. Altria Group Inc. P/OP ratio decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.

Price to Sales (P/S)

Altria Group Inc., historical P/S calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
No. shares of common stock outstanding1 1,817,257,322 1,858,689,654 1,858,366,804 1,874,430,847 1,900,449,362
Selected Financial Data (US$)
Net revenues (in millions) 26,013 26,153 25,110 25,364 25,576
Sales per share2 14.31 14.07 13.51 13.53 13.46
Share price1, 3 51.48 43.60 42.49 52.10 64.00
Valuation Ratio
P/S ratio4 3.60 3.10 3.14 3.85 4.76
Benchmarks
P/S Ratio, Competitors5
Coca-Cola Co. 6.99 6.55 6.75
Mondelēz International Inc. 3.24 2.99 3.25
PepsiCo Inc. 2.93 2.65 3.03
P/S Ratio, Sector
Food, Beverage & Tobacco 4.06 3.71 4.14
P/S Ratio, Industry
Consumer Staples 1.50 1.40 1.37

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 Data adjusted for splits and stock dividends.

2 2021 Calculation
Sales per share = Net revenues ÷ No. shares of common stock outstanding
= 26,013,000,000 ÷ 1,817,257,322 = 14.31

3 Closing price as at the filing date of Altria Group Inc. Annual Report.

4 2021 Calculation
P/S ratio = Share price ÷ Sales per share
= 51.48 ÷ 14.31 = 3.60

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. Altria Group Inc. P/S ratio decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.

Price to Book Value (P/BV)

Altria Group Inc., historical P/BV calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
No. shares of common stock outstanding1 1,817,257,322 1,858,689,654 1,858,366,804 1,874,430,847 1,900,449,362
Selected Financial Data (US$)
Stockholders’ equity (deficit) attributable to Altria (in millions) (1,606) 2,839 6,222 14,787 15,377
Book value per share (BVPS)2 -0.88 1.53 3.35 7.89 8.09
Share price1, 3 51.48 43.60 42.49 52.10 64.00
Valuation Ratio
P/BV ratio4 28.54 12.69 6.60 7.91
Benchmarks
P/BV Ratio, Competitors5
Coca-Cola Co. 11.74 11.20 13.26
Mondelēz International Inc. 3.29 2.88 3.08
PepsiCo Inc. 14.52 13.84 13.76
P/BV Ratio, Sector
Food, Beverage & Tobacco 8.85 7.99 8.83
P/BV Ratio, Industry
Consumer Staples 7.05 6.37 6.15

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 Data adjusted for splits and stock dividends.

2 2021 Calculation
BVPS = Stockholders’ equity (deficit) attributable to Altria ÷ No. shares of common stock outstanding
= -1,606,000,000 ÷ 1,817,257,322 = -0.88

3 Closing price as at the filing date of Altria Group Inc. Annual Report.

4 2021 Calculation
P/BV ratio = Share price ÷ BVPS
= 51.48 ÷ -0.88 =

5 Click competitor name to see calculations.