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Philip Morris International Inc PM Stock Quote

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NYSE: PM

Morningstar‘s Stock Analysis PM

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Philip Morris International Leads the Way in Reduced Risk Products

Business Strategy and Outlook

| Philip Gorham |

Philip Morris International's, or PMI's, Unsmoke campaign signals an intent to go further in replacing cigarettes with reduced risk alternatives. The latest medium-term targets from management imply strong growth over the next three to five years, and the company aims to generate over half of its revenue from noncombustibles by 2025. We regard this as ambitious, perhaps a stretch goal, but we are in no doubt that if events go its way, PMI could be the first Big Tobacco firm since the 1990s to diversify half of its cash flow away from cigarettes. We regard this as a sound strategy from an environmental, social, and governance, or ESG, perspective, and because it's likely to accelerate profitable medium-term growth.

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Key Statistics PM

Company Profile PM

Business Description

Philip Morris International is an international tobacco company with a product portfolio primarily consisting of cigarettes and reduced-risk products, including heat-not-burn, vapor and oral nicotine products, which are sold in markets outside the United States. The company diversified away from nicotine products with the acquisition of Vectura, a provider of innovative inhaled drug delivery solutions, in 2021. The firm has six geographical segments: the European Union; Eastern Europe; Middle East and Africa; South and Southeast Asia; East Asia and Australia; and Americas.

Contact
120 Park Avenue
New York, NY, 10017
Industry Tobacco
Employees 69,600

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FAQs for Philip Morris International Inc Stock

Yes. PM has a forward dividend yield of 5.00%. See PM’s full dividends and stock split history on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

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PM’s market cap is 157.93 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

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PM’s stock style is Large Value.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

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PM’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

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