Stock Analysis on Net
Stock Analysis on Net

Philip Morris International Inc. (NYSE:PM)

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Enterprise Value to FCFF (EV/FCFF)

Microsoft Excel LibreOffice Calc

Free Cash Flow to The Firm (FCFF)

Philip Morris International Inc., FCFF calculation

US$ in millions

Microsoft Excel LibreOffice Calc
12 months ended: Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Net earnings attributable to PMI
Net earnings attributable to noncontrolling interests
Net noncash charges
Cash effects of changes in operating capital
Net cash provided by operating activities
Cash paid, interest, net of tax1
Capital expenditures
Free cash flow to the firm (FCFF)

Based on: 10-K (filing date: 2021-02-09), 10-K (filing date: 2020-02-07), 10-K (filing date: 2019-02-07), 10-K (filing date: 2018-02-13), 10-K (filing date: 2017-02-14).

Item Description The company
FCFF Free cash flow to the firm is the cash flow available to the Philip Morris International Inc.’s suppliers of capital after all operating expenses have been paid and necessary investments in working and fixed capital have been made. Philip Morris International Inc.’s FCFF increased from 2018 to 2019 but then slightly decreased from 2019 to 2020.

Interest Paid, Net of Tax

Philip Morris International Inc., interest paid, net of tax calculation

US$ in millions

Microsoft Excel LibreOffice Calc
12 months ended: Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Effective Income Tax Rate (EITR)
EITR1
Interest Paid, Net of Tax
Cash paid, interest, before tax
Less: Cash paid, interest, tax2
Cash paid, interest, net of tax

Based on: 10-K (filing date: 2021-02-09), 10-K (filing date: 2020-02-07), 10-K (filing date: 2019-02-07), 10-K (filing date: 2018-02-13), 10-K (filing date: 2017-02-14).

1 See details »

2 2020 Calculation
Cash paid, interest, tax = Cash paid, interest × EITR
= × =


Enterprise Value to FCFF Ratio, Current

Philip Morris International Inc., current EV/FCFF calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Selected Financial Data (US$ in millions)
Enterprise value (EV)
Free cash flow to the firm (FCFF)
Valuation Ratio
EV/FCFF
Benchmarks
EV/FCFF, Competitors1
Altria Group Inc.
Coca-Cola Co.
Mondelēz International Inc.
PepsiCo Inc.
EV/FCFF, Sector
Food, Beverage & Tobacco
EV/FCFF, Industry
Consumer Staples

Based on: 10-K (filing date: 2021-02-09).

1 Click competitor name to see calculations.

If the company EV/FCFF is lower then the EV/FCFF of benchmark then company is relatively undervalued.
Otherwise, if the company EV/FCFF is higher then the EV/FCFF of benchmark then company is relatively overvalued.


Enterprise Value to FCFF Ratio, Historical

Philip Morris International Inc., historical EV/FCFF calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Selected Financial Data (US$ in millions)
Enterprise value (EV)1
Free cash flow to the firm (FCFF)2
Valuation Ratio
EV/FCFF3
Benchmarks
EV/FCFF, Competitors4
Altria Group Inc.
Coca-Cola Co.
Mondelēz International Inc.
PepsiCo Inc.
EV/FCFF, Sector
Food, Beverage & Tobacco
EV/FCFF, Industry
Consumer Staples

Based on: 10-K (filing date: 2021-02-09), 10-K (filing date: 2020-02-07), 10-K (filing date: 2019-02-07), 10-K (filing date: 2018-02-13), 10-K (filing date: 2017-02-14).

1 See details »

2 See details »

3 2020 Calculation
EV/FCFF = EV ÷ FCFF
= ÷ =

4 Click competitor name to see calculations.

Valuation ratio Description The company
EV/FCFF Enterprise value to free cash flow to the firm is whole company valuation indicator. Philip Morris International Inc.’s EV/FCFF ratio decreased from 2018 to 2019 and from 2019 to 2020.