Enterprise Value (EV)
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Philip Morris International Inc. pages available for free this week:
- Balance Sheet: Liabilities and Stockholders’ Equity
- Common-Size Balance Sheet: Assets
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Solvency Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Geographic Areas
- Common Stock Valuation Ratios
- Enterprise Value to FCFF (EV/FCFF)
- Price to Book Value (P/BV) since 2008
- Analysis of Revenues
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Current Enterprise Value (EV)
Philip Morris International Inc., current enterprise value calculation
| Current share price (P) | |
| No. shares of common stock outstanding | |
| US$ in millions | |
| Common equity (market value)1 | |
| Add: Noncontrolling interests (per books) | |
| Total equity | |
| Add: Short-term borrowings (per books) | |
| Add: Current portion of long-term debt (per books) | |
| Add: Long-term debt, excluding current portion (per books) | |
| Total equity and debt | |
| Less: Cash and cash equivalents | |
| Enterprise value (EV) | |
Based on: 10-K (reporting date: 2024-12-31).
1 Common equity (market value) = Share price × No. shares of common stock outstanding
= ×
Historical Enterprise Value (EV)
Philip Morris International Inc., EV calculation
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 Data adjusted for splits and stock dividends.
2 Closing price as at the filing date of Philip Morris International Inc. Annual Report.
3 2024 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= ×
The financial data reveals various trends in equity and valuation metrics over the five-year period.
- Common Equity (Market Value)
- There was a strong upward trend from 2020 to 2021, increasing from 133,365 million USD to 167,319 million USD. However, a decline followed through 2022 and 2023, reaching 138,184 million USD. A significant rebound occurred in 2024 with the market value of common equity rising sharply to 225,952 million USD, the highest level in the period.
- Total Equity
- Total equity moved in a pattern similar to common equity, increasing from 135,301 million USD in 2020 to a peak of 169,217 million USD in 2021 before declining to 139,963 million USD in 2023. This was followed by a substantial increase to 227,832 million USD in 2024, indicating a recovery exceeding the previous highs.
- Total Equity and Debt
- The combined figure of total equity and debt showed a steady overall upward progression, rising from 166,837 million USD in 2020 to 204,451 million USD in 2022. There was a slight decrease in 2023 to 187,872 million USD, followed by a pronounced increase in 2024 to 273,527 million USD, reflecting significant growth in the company’s overall capitalization and leverage components.
- Enterprise Value (EV)
- Enterprise value followed a similar trend, moving from 159,557 million USD in 2020 to 201,244 million USD in 2022. After a slight decline in 2023 to 184,812 million USD, the EV rose sharply in 2024 to 269,311 million USD. This 2024 peak aligns with the substantial increases observed in equity and total capitalization, suggesting improved market valuation and investor confidence during that year.
Overall, the data indicates a period of growth until 2021 followed by a moderate decline through 2023 and a pronounced recovery in 2024, marked by significant increases in equity values, capital structure components, and enterprise value. The pattern points to volatility possibly influenced by external market or operational factors, concluding with a strong financial position entering 2024.