Urupong Investment Thesis For transparency, I own a certain stake in Altria Group (MO), which I often refer to within this analysis. I am a happy holder. Currently, I am not selling or buying. On the other hand, I don't own Philip Morris International (NYSE:PM), but after reviewing its business, I consider adding it to my portfolio, even though its valuation multiple significantly exceeds MO's multiple. Considering PM's: impressive and ongoing progress towards the non-smokeable product portfolio decent ...

MADRID, SPAIN - 2023/10/24: Pedestrians walk past the heated tobacco and electronic cigarette ... [+] products brand and manufactured by Philip Morris International (PMI), IQOS, seen in Madrid. (Photo by Xavi Lopez/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesPhilip Morris (NYSE: PM) is scheduled to report its Q2 2024 results on Tuesday, July 23. We expect the company to post revenue and earnings marginally below the consensus estimates. We expect the company to garner $9 ...

The company's No. 1 ambition has met with very determined resistance from a clutch of advocacy organizations.For the most part, a new product or service rolled out by a big company is met with interest or excitement, not revulsion and resistance. This does not apply to the tobacco industry, however; anti-smoking sentiment remains strong, and many people feel that the last thing consumers need is another product in this category.So it was entirely expected that there would be some institutional-level pushbac ...

文章核心观点 - 菲利普莫里斯公司(PM)在2024年第二季度的收入可能会同比增长1.8%,但利润可能会同比下降3.1% [1][2] - 公司的无烟产品业务表现良好,IQOS和ZYN产品势头强劲,有利于公司业绩 [3] - 公司正专注于推动IQOS和ZYN产品的持续增长,并计划进一步拓展多品类烟草替代产品 [4][5] - 但公司面临持续的成本压力,特别是在叶烟、工资和其他投入方面,以及创新投资的影响 [6] 公司层面 - 无烟产品业务占公司净收入的39%,IQOS和ZYN产品表现强劲 [3] - 公司正专注于推动IQOS和ZYN产品的持续增长,并计划进一步拓展多品类烟草替代产品 [4][5] - 公司面临持续的成本压力,特别是在叶烟、工资和其他投入方面,以及创新投资的影响 [6] 行业层面 - 消费者对减害产品的偏好日益增加,有利于公司无烟产品业务的发展 [3] - 公司正积极应对行业转型,专注于推动无烟产品的创新和增长 [4][5]

Philip Morris International Inc. (NYSE:PM) stock was last seen up 1.5% to trade at $107.66, ahead of the tobacco giant's second-quarter earnings report, due out before the open on Tuesday, July 26. Plus, the company announced yesterday it will invest $600 million to open a manufacturing facility in Colorado to produce its Zyn nicotine pouches.PM earlier surged to a two-year high of $108.07, after bouncing off support at the $101 region and the 40-day moving average earlier this month. Now on track for its f ...

Philip Morris International Inc. (PM) is pretty much on track toward a smoke-free future. The company unveiled a $600 million investment through one of its U.S. affiliates to open a leading-edge manufacturing facility in Aurora, CO. This facility, set to produce Swedish Match ZYN nicotine pouches, aims to cater to the burgeoning global demand for smoke-free products (from legal-age consumers). The construction of this facility is expected to begin later this year, with preliminary operations likely to begin ...

Wall Street expects a year-over-year decline in earnings on higher revenues when Philip Morris (PM) reports results for the quarter ended June 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on July 23, 2024, might help the stock move higher if these key numbers are better than expectat ...

Philip Morris International Inc. (PM) stands strong in the tobacco space due to its efforts to revolutionize products as per the evolving consumer patterns. Given consumers’ rising health consciousness, the company is progressing well with its business transformation, with smoke-free products generating 39% of its net revenues in the first quarter of 2024. Strong pricing and a focus on strategic priorities are working well for this tobacco giant amid elevated costs and volatile currency movements. Smoke-Fre ...

Which of these blue chip dividend stocks is the better buy? Dividend stocks have accounted for the vast majority of returns in the stock market since the start of the 20th century. Consequently, it is imperative to have at least a few top dividend payers in a well-rounded portfolio. Which dividend stocks are worth considering? Tobacco giant Philip Morris (PM 1.95%) and U.S. wireless titan Verizon Communications (VZ 2.31%) are two of the most popular high-yield dividend stocks in the market today. ...

文章核心观点 - 公司专注于传统香烟和新型无烟产品的发展,正在向"无烟未来"转型 [5][6][7] - 公司通过收购瑞典马奇公司和维克特拉集团,进一步丰富了无烟产品组合 [8][9] - 尽管传统香烟业务仍占主导地位,但无烟产品如IQOS和ZYN正在快速增长,成为公司的主要增长动力 [15][16][17][18][19] - 公司在全球多个市场实现了无烟产品的领先地位,如日本、印尼、韩国等 [24] - 公司业绩表现强劲,预计未来几年收益增长将加速 [25][29] 公司概况 - 公司于2008年从Altria集团分拆独立,专注于国际市场的发展 [5] - 公司拥有多个知名香烟品牌,如Marlboro、Parliament等,占据全球领先地位 [11] - 公司与Altria集团达成协议,获得在美国独家销售IQOS系统的权利 [13] 财务表现 - 公司现金流充沛,资产负债表健康,有利于支持股息分配和并购 [26][27] - 公司股息收益率高达5.2%,连续15年增加股息 [27] - 公司估值合理,未来几年预计收益增长将达到9%-10% [29][30] 风险因素 - 传统香烟业务面临长期下滑趋势 [36] - 公司受汇率波动影响较大 [36] - 行业面临监管和诉讼风险 [36] - 股息增长相对较慢,仅勉强跟上通胀 [36]