Philip Morris International

PM-N

NYSE:PM

78.14
1.55 (1.95%)
Philip Morris International Inc. is an American global cigarette and tobacco company, with products sold in over 180 countries outside the United States. The most recognized and best selling product of the company is Marlboro.
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Analysis and Opinions about PM-N

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
November 21, 2019
Tobacco companies have been up and down and sideways. He's not comfortable with this space. Not expensive, but not exciting. On a technical basis, meandering sideways.
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Tobacco companies have been up and down and sideways. He's not comfortable with this space. Not expensive, but not exciting. On a technical basis, meandering sideways.
DON'T BUY
DON'T BUY
October 17, 2019
Cash cow, but how much growth is there? What are its long-term opportunities? Tobacco side of the business is in decline. Vaping, the saviour, now under pressure. Don't be baited by the high dividend. Not a good result if you get the dividend, but stock price declines.
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Cash cow, but how much growth is there? What are its long-term opportunities? Tobacco side of the business is in decline. Vaping, the saviour, now under pressure. Don't be baited by the high dividend. Not a good result if you get the dividend, but stock price declines.
HOLD
HOLD
September 25, 2019
There is much controversary around their vaping business. Smoking used to be on the rise in the developing world, but that may be plateauing as well. The dividend is likely safe. You won't make a 10% return per year, but a good holding.
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There is much controversary around their vaping business. Smoking used to be on the rise in the developing world, but that may be plateauing as well. The dividend is likely safe. You won't make a 10% return per year, but a good holding.
DON'T BUY
DON'T BUY
August 13, 2019
Average down? Normally this space is a very strong cash flow generator. Personally, she does not invest in stocks that have been proven to be detrimental to people's health. She would sell and put the money into a sector that has better growth opportunities. (Analysts’ price target is $97.00)
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Average down? Normally this space is a very strong cash flow generator. Personally, she does not invest in stocks that have been proven to be detrimental to people's health. She would sell and put the money into a sector that has better growth opportunities. (Analysts’ price target is $97.00)
DON'T BUY
DON'T BUY
July 18, 2019
Regulatory issues, and growth in e-cigarettes have put the stock under pressure. Beat today, so stock jumped. Have to try to grow with the new trends. Not an area he wants to be in. Nice dividend.
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Regulatory issues, and growth in e-cigarettes have put the stock under pressure. Beat today, so stock jumped. Have to try to grow with the new trends. Not an area he wants to be in. Nice dividend.
DON'T BUY
DON'T BUY
June 26, 2019
The trend in smoking, both domestically and internationally, is on the down trend. He does not own it. Companies are trying to expand their foot print into areas around the tobacco space. There are better dividend payers out there. Yield 6.7%
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The trend in smoking, both domestically and internationally, is on the down trend. He does not own it. Companies are trying to expand their foot print into areas around the tobacco space. There are better dividend payers out there. Yield 6.7%
DON'T BUY
DON'T BUY
May 3, 2019
It has a great dividend. The balance sheet has gone no where and the fair market value is 35% below current levels. Very, very expensive. Cigarettes will remain around a long time, but it is not the kind of stock that would let him sleep well at night. It is trading at 82 times book value -- way too risky. Their big share buy back might backfire in that the there may not be enough liquidity to create support in time of trouble.
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It has a great dividend. The balance sheet has gone no where and the fair market value is 35% below current levels. Very, very expensive. Cigarettes will remain around a long time, but it is not the kind of stock that would let him sleep well at night. It is trading at 82 times book value -- way too risky. Their big share buy back might backfire in that the there may not be enough liquidity to create support in time of trouble.
DON'T BUY
DON'T BUY
April 25, 2019
Sector has faced headwinds. What does growth in e-cigarettes mean for growth? Getting a dividend yield of 4-5%. Wouldn't buy here. Likes Molson-Coors better, it's been washed out, 3% dividend, room for growth.
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Sector has faced headwinds. What does growth in e-cigarettes mean for growth? Getting a dividend yield of 4-5%. Wouldn't buy here. Likes Molson-Coors better, it's been washed out, 3% dividend, room for growth.
DON'T BUY
DON'T BUY
December 7, 2018
Buy it for the dividend? No. Earnings are not growing. Their vape products are flat and falling; volumes are decreasing. The dividend isn't growing much either, at only 5% yearly vs. 8% for the wider market. If they don't execute on their plans, you could get more pain down the road. The dividend is outgrowing their free cash flow, so down the road their payout ratio will become too high.
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Buy it for the dividend? No. Earnings are not growing. Their vape products are flat and falling; volumes are decreasing. The dividend isn't growing much either, at only 5% yearly vs. 8% for the wider market. If they don't execute on their plans, you could get more pain down the road. The dividend is outgrowing their free cash flow, so down the road their payout ratio will become too high.
PAST TOP PICK
PAST TOP PICK
November 16, 2018
(A Top Pick Aug 28/18, Up 10%) Tobacco stocks have been dead in the water. Lately it’s shown signs of life. Has to get over a long resistance line. It’s at the “shoulder” of head and shoulders now. Rally could be short-lived. Take a win and move on.
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(A Top Pick Aug 28/18, Up 10%) Tobacco stocks have been dead in the water. Lately it’s shown signs of life. Has to get over a long resistance line. It’s at the “shoulder” of head and shoulders now. Rally could be short-lived. Take a win and move on.
DON'T BUY
DON'T BUY
August 30, 2018

It has negative equity of $12 billion. It trades on air. There are better opportunities elsewhere. Don't touch it.

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It has negative equity of $12 billion. It trades on air. There are better opportunities elsewhere. Don't touch it.

TOP PICK
TOP PICK
August 28, 2018

An ugly chart, long out of favour, at 2013-14 levels. The risk is to the upside. The first stop is $95. Also, there's no reason tobaccp companies can't get into cannabis. (Analysts' price target: $93.58)

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An ugly chart, long out of favour, at 2013-14 levels. The risk is to the upside. The first stop is $95. Also, there's no reason tobaccp companies can't get into cannabis. (Analysts' price target: $93.58)

HOLD
HOLD
August 1, 2018

Cigarette companies are on the “do not buy” lists for many fund managers, yet people continue to smoke. This is a huge cash flow generator, which pays a good dividend that continues to grow.

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Cigarette companies are on the “do not buy” lists for many fund managers, yet people continue to smoke. This is a huge cash flow generator, which pays a good dividend that continues to grow.

SELL
SELL
May 29, 2018

He used to own it personally, but not for their clients. Cigarettes are the most profitable business in the world because customers are relatively price insensitive. They produce a product that is addictive for the customers, which makes for a great company and a great industry. Problem now though is that tobacco usage is falling off faster than people expected. It’s still early in the game for e-cigarettes but they aren’t coming up as successfully as expected. Consumers products stocks are underperforming, they were great until interests rates started going up. He sold his holding.

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He used to own it personally, but not for their clients. Cigarettes are the most profitable business in the world because customers are relatively price insensitive. They produce a product that is addictive for the customers, which makes for a great company and a great industry. Problem now though is that tobacco usage is falling off faster than people expected. It’s still early in the game for e-cigarettes but they aren’t coming up as successfully as expected. Consumers products stocks are underperforming, they were great until interests rates started going up. He sold his holding.

COMMENT
COMMENT
March 15, 2018

This company is the international tobacco company and Altria (MO-N) is the US tobacco company. They split up a couple of years ago and no there is talk about a merger. The growth is not so much in tobacco but fake tobacco. His company doesn’t invest in tobacco stocks because of ethical reasons. He owns it personally actually.

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This company is the international tobacco company and Altria (MO-N) is the US tobacco company. They split up a couple of years ago and no there is talk about a merger. The growth is not so much in tobacco but fake tobacco. His company doesn’t invest in tobacco stocks because of ethical reasons. He owns it personally actually.

HOLD
HOLD
May 19, 2017

Tobacco stocks have been tremendous performers post the crisis, not only because they are a fairly stable industry, they give a tremendous dividend and grow it. In an environment of low interest rates, people are looking for yield, and this has definitely been a safe haven. There is consolidation going on in the industry, which provides a floor for the stock.

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Tobacco stocks have been tremendous performers post the crisis, not only because they are a fairly stable industry, they give a tremendous dividend and grow it. In an environment of low interest rates, people are looking for yield, and this has definitely been a safe haven. There is consolidation going on in the industry, which provides a floor for the stock.

BUY
BUY
May 5, 2017

He is a big fan of sin stocks. Tobacco in the last year has been on a stellar run. He prefers British American Tobacco. Dividends keep growing.

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He is a big fan of sin stocks. Tobacco in the last year has been on a stellar run. He prefers British American Tobacco. Dividends keep growing.

COMMENT
COMMENT
March 13, 2017

(Market Call Minute.) If you can live with a sin stock, then they are doing okay right now.

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(Market Call Minute.) If you can live with a sin stock, then they are doing okay right now.

HOLD
HOLD
February 23, 2017

It is a consumer staple product. This is not its period of seasonal strength. It has broken above recent highs. It is out of season so he would not get into it. But if you have it then hold until it breaks down. Aug. to Oct. are the prime months for the tobacco companies.

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It is a consumer staple product. This is not its period of seasonal strength. It has broken above recent highs. It is out of season so he would not get into it. But if you have it then hold until it breaks down. Aug. to Oct. are the prime months for the tobacco companies.

DON'T BUY
DON'T BUY
February 17, 2017

(Market Call Minute) Their product is in a secular decline.

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(Market Call Minute) Their product is in a secular decline.

BUY
BUY
February 9, 2017

The industry could see continued consolidation. Volumes in North America continually go down, but they increase their pricing because it is an adductive product. Be careful of interest rate sensitivity to this one because investors use them as an income play. He likes it in a diversified portfolio.

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The industry could see continued consolidation. Volumes in North America continually go down, but they increase their pricing because it is an adductive product. Be careful of interest rate sensitivity to this one because investors use them as an income play. He likes it in a diversified portfolio.

COMMENT
COMMENT
November 18, 2016

Because revenues are coming from overseas and the US$ is moving higher, this stock is getting hurt, and it might continue to get hurt if the US$ continues moving higher. He thinks it will. Valuation is expensive for a lot of these names, and they are starting to come off because of that. Growth rates are very, very low.

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Because revenues are coming from overseas and the US$ is moving higher, this stock is getting hurt, and it might continue to get hurt if the US$ continues moving higher. He thinks it will. Valuation is expensive for a lot of these names, and they are starting to come off because of that. Growth rates are very, very low.

SELL
SELL
November 15, 2016

Market Call Minute. Cigarette consumption is on a secular decline.

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Market Call Minute. Cigarette consumption is on a secular decline.

HOLD
HOLD
September 1, 2016

A higher dividend yielding company. More than 4% dividend and a little bit of growth, but not quite high enough for him. It should do well for the remainder of the year.

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A higher dividend yielding company. More than 4% dividend and a little bit of growth, but not quite high enough for him. It should do well for the remainder of the year.

DON'T BUY
DON'T BUY
July 22, 2016

(Market Call Minute.) They throw out a lot of free cash flow. Not expensive, but there is very little growth.

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(Market Call Minute.) They throw out a lot of free cash flow. Not expensive, but there is very little growth.

BUY
BUY
May 2, 2016

They have an innovative smokeless tobacco that he feels has huge potential. It had been hurt by the strong US dollar.

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They have an innovative smokeless tobacco that he feels has huge potential. It had been hurt by the strong US dollar.

COMMENT
COMMENT
March 24, 2016

A cigarette company and has done very well. This was a split with Altria Group (MO-N) being the North American side and this being the International side. They throw up tons of free cash flow and have a great yield. The International has less restrictions. Incredibly well run. Dividend yield of 4.18%.

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A cigarette company and has done very well. This was a split with Altria Group (MO-N) being the North American side and this being the International side. They throw up tons of free cash flow and have a great yield. The International has less restrictions. Incredibly well run. Dividend yield of 4.18%.

COMMENT
COMMENT
March 23, 2016

This company has a very good dividend yield, expanded its market share and came up with E cigarettes which has created a bit of excitement. If you are looking for a very safe dividend and a company with moderate growth, this is not a bad investment.

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This company has a very good dividend yield, expanded its market share and came up with E cigarettes which has created a bit of excitement. If you are looking for a very safe dividend and a company with moderate growth, this is not a bad investment.

COMMENT
COMMENT
January 12, 2016

She doesn’t buy cigarette stocks in general because the industry is in a secular decline, even though they generate a lot of cash. This is a very defensive name with a high yield, but you can get that yield in other companies that are in a more positive growth industry.

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She doesn’t buy cigarette stocks in general because the industry is in a secular decline, even though they generate a lot of cash. This is a very defensive name with a high yield, but you can get that yield in other companies that are in a more positive growth industry.

HOLD
HOLD
January 4, 2016

They are not the same as they were in the earlier years. They used to take cash from tobacco and invest in growth businesses. Now they can pay out dividends or buy back stock with it. It won’t be a great growth company, but it will be safe like a bond. Don’t sell it. He would not buy it because there is no growth.

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They are not the same as they were in the earlier years. They used to take cash from tobacco and invest in growth businesses. Now they can pay out dividends or buy back stock with it. It won’t be a great growth company, but it will be safe like a bond. Don’t sell it. He would not buy it because there is no growth.

DON'T BUY
DON'T BUY
October 9, 2015

They have diversified into some food businesses. Smokeless tobacco has not been that big for them. 4.8% yield. You can go to other sectors without the same degree of risk.

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They have diversified into some food businesses. Smokeless tobacco has not been that big for them. 4.8% yield. You can go to other sectors without the same degree of risk.

BUY
BUY
September 8, 2015

Scores really well on a relative price momentum basis and volatility. A little expensive at 12X EBITDA and 18X price to free cash flow. Good yield of 5.2%. Balance sheet is in great shape. He would be comfortable holding this here.

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Scores really well on a relative price momentum basis and volatility. A little expensive at 12X EBITDA and 18X price to free cash flow. Good yield of 5.2%. Balance sheet is in great shape. He would be comfortable holding this here.

DON'T BUY
DON'T BUY
June 12, 2015

An industry that is in secular decline with a lot of regulatory pressure. Over the long-term he doesn’t think it is a business that you particularly want to be invested in. Sentiment is swinging even more towards anti-smoking and anti-tobacco products. He would avoid this stock.

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An industry that is in secular decline with a lot of regulatory pressure. Over the long-term he doesn’t think it is a business that you particularly want to be invested in. Sentiment is swinging even more towards anti-smoking and anti-tobacco products. He would avoid this stock.

DON'T BUY
DON'T BUY
February 9, 2015

He has an issue that 40% of the S&P earnings come from abroad so it makes it challenging for companies that have even higher international exposure and this one is much higher.

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He has an issue that 40% of the S&P earnings come from abroad so it makes it challenging for companies that have even higher international exposure and this one is much higher.

BUY
BUY
November 20, 2014

Look at the dividend growth history. It has been very regular. He is big fans of this category. As a business model they are very attractive. Not expensive because of the regulatory risk.

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Look at the dividend growth history. It has been very regular. He is big fans of this category. As a business model they are very attractive. Not expensive because of the regulatory risk.

BUY
BUY
October 9, 2014

In the developed economies, there is less cigarette consumption so it is more of a volume and pricing story. Because of their perceived litigation risks, these companies trade at quite low multiples and they tend to increase their dividends very regularly. He prefers British-American Tobacco (BTI-A), but likes this one as well. He would suggest that you buy this, hold it and put it away.

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In the developed economies, there is less cigarette consumption so it is more of a volume and pricing story. Because of their perceived litigation risks, these companies trade at quite low multiples and they tend to increase their dividends very regularly. He prefers British-American Tobacco (BTI-A), but likes this one as well. He would suggest that you buy this, hold it and put it away.