Stock Analysis on Net

Philip Morris International Inc. (NYSE:PM)

$22.49

This company has been moved to the archive! The financial data has not been updated since July 27, 2023.

Price to FCFE (P/FCFE)

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Free Cash Flow to Equity (FCFE)

Philip Morris International Inc., FCFE calculation

US$ in millions

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12 months ended: Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Net earnings attributable to PMI
Net earnings attributable to noncontrolling interests
Net noncash charges
Cash effects of changes in operating capital, net of the effects from acquired companies
Net cash provided by operating activities
Capital expenditures
Short-term borrowing, net issuances (repayments), maturities of 90 days or less
Short-term borrowing, issuances, maturities longer than 90 days
Short-term borrowing, repayments, maturities longer than 90 days
Borrowings under credit facilities related to Swedish Match AB acquisition
Repayments under credit facilities related to Swedish Match AB acquisition
Long-term debt proceeds
Long-term debt repaid
Free cash flow to equity (FCFE)

Based on: 10-K (reporting date: 2022-12-31), 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).

Item Description The company
FCFE Free cash flow to equity is the cash flow available to Philip Morris International Inc. equity holders after all operating expenses, interest, and principal payments have been paid and necessary investments in working and fixed capital have been made. Philip Morris International Inc. FCFE decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.

Price to FCFE Ratio, Current

Philip Morris International Inc., current P/FCFE calculation, comparison to benchmarks

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No. shares of common stock outstanding
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in millions)
FCFE per share
Current share price (P)
Valuation Ratio
P/FCFE
Benchmarks
P/FCFE, Competitors1
Altria Group Inc.
Coca-Cola Co.
Mondelēz International Inc.
PepsiCo Inc.
P/FCFE, Sector
Food, Beverage & Tobacco
P/FCFE, Industry
Consumer Staples

Based on: 10-K (reporting date: 2022-12-31).

1 Click competitor name to see calculations.

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


Price to FCFE Ratio, Historical

Philip Morris International Inc., historical P/FCFE calculation, comparison to benchmarks

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Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
No. shares of common stock outstanding1
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in millions)2
FCFE per share3
Share price1, 4
Valuation Ratio
P/FCFE5
Benchmarks
P/FCFE, Competitors6
Altria Group Inc.
Coca-Cola Co.
Mondelēz International Inc.
PepsiCo Inc.
P/FCFE, Sector
Food, Beverage & Tobacco
P/FCFE, Industry
Consumer Staples

Based on: 10-K (reporting date: 2022-12-31), 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).

1 Data adjusted for splits and stock dividends.

2 See details »

3 2022 Calculation
FCFE per share = FCFE ÷ No. shares of common stock outstanding
= ÷ =

4 Closing price as at the filing date of Philip Morris International Inc. Annual Report.

5 2022 Calculation
P/FCFE = Share price ÷ FCFE per share
= ÷ =

6 Click competitor name to see calculations.

Valuation ratio Description The company
P/FCFE Price to free cash flow to equity is cash valuation indicator of stockholders’ equity. Philip Morris International Inc. P/FCFE ratio increased from 2020 to 2021 but then decreased significantly from 2021 to 2022.