Altria is the dominant cigarette maker in the US. Its Marlboro brand holds a 40% share per Euromonitor, towering above the 13% held by the next-largest marker. The US market size has remained around $90 billion for several years, as price increases offset volume declines.
The US market, while mature in volume terms, is a highly affordable one relative to other developed markets. This leaves headroom for price increases for many years.
As a US pure play, Altria lacks exposure to some of the emerging markets where total tobacco consumption is increasing, leaving it subject to the annual rate of domestic secular decline that is well above the global average.
|
Metric
|
MO
|
IMBBY
|
PM
|
|---|---|---|---|
Price/Earnings (Normalized) | 13.47 | 11.53 | 24.71 |
Price/Book Value | — | 5.68 | — |
Price/Sales | 6.11 | 0.73 | 7.25 |
Price/Cash Flow | 13.29 | 7.69 | 21.37 |
|
Metric
|
MO
|
IMBBY
|
PM
|
|---|---|---|---|
Quick Ratio | 0.45 | 0.31 | 0.45 |
Current Ratio | 0.62 | 0.70 | 0.98 |
Interest Coverage | 9.92 | 6.31 | 9.61 |
|
Metric
|
MO
|
IMBBY
|
PM
|
|---|---|---|---|
Return on Assets (Normalized) | 26.86% | 9.12% | 17.17% |
Return on Equity (Normalized) | — | 55.92% | — |
Return on Invested Capital (Normalized) | 45.51% | 18.11% | 29.74% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| Philip Morris International Inc
PM
| LOCK|&LD@?G? | LOCK|tfY | $301B | |||
| British American Tobacco PLC
BTAFF
| — | LOCK|?Yf | $136B | |||
| British American Tobacco PLC ADR
BTI
| LOCK|!RqxL#X | LOCK|@b | $136B | |||
| Japan Tobacco Inc ADR
JAPAY
| — | LOCK|^<v | $69B | |||
| Japan Tobacco Inc
JAPAF
| — | LOCK|<Ld | $69B | |||
| ITC Ltd DR
ITCTY
| — | LOCK|jY | $36B | |||
| Imperial Brands PLC
IMBBF
| — | LOCK|&z | $30B | |||
| Imperial Brands PLC ADR
IMBBY
| LOCK|h&s>#V^ | LOCK|^^ | $30B | |||
| Smoore International Holdings Ltd Ordinary Shares
SMORF
| — | LOCK|mG | $7B |
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United States