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]

Philip Morris (NYSE:PM) stock is a hot topic on Tuesday as a subpoena from the Attorney General of the District of Columbia has suspended online sales of Zyn.Zyn sales being suspended online is a cautionary move by Philip Morris as it investigates the matters connected to the subpoena. That includes confirmed online sales of the flavored nicotine pouches in the D.C. area.This matters as D.C. is one of the regions in the U.S. that has a ban on the sale of flavored nicotine products. SMNA, an affiliate of Phi ...

分组1 - 公司在日本市场的IQOS表现良好,市场份额持续增长,这得益于ILUMA产品的优质体验 [15][16][17] - 公司认为热不燃产品并非只适用于低焦油市场,在俄罗斯、埃及、印尼等高焦油市场也取得了成功 [19][20] - 热不燃技术的复杂性和专利保护使得其他竞争对手很难进入该领域,公司在该领域保持领先地位 [22][23] 分组2 - 公司的烟草替代品ZYN在美国市场表现出色,增长接近80%,但短期内面临供应紧张的问题 [6][7] - 公司预计ZYN在2024年在美国的销量将达到约5.6亿罐,并计划在2025年新增一处生产基地 [7] - 公司的烟草替代产品在财务表现上优于传统烟草业务,毛利率和收入均高出2.5-2.6倍 [10][11] 问答环节重要的提问和回答 问题1 **Gerry Gallagher 提问** 您认为热不燃产品是否只适用于低焦油市场 [18] **Emmanuel Babeau 回答** 公司的实践证明热不燃产品在高焦油市场如俄罗斯、埃及、印尼也能取得成功,并非只局限于低焦油市场 [19][20] 问题2 **Gerry Gallagher 提问** 您如何看待未来烟草行业的竞争格局,是否会有新进入者 [21][22] **Emmanuel Babeau 回答** 热不燃技术的复杂性和专利保护使得其他竞争对手很难进入该领域,公司在该领域保持领先地位 [22][23] 问题3 **Gerry Gallagher 提问** 公司是否考虑将传统烟草业务剥离或出售 [51][52] **Emmanuel Babeau 回答** 公司目前没有考虑立即退出传统烟草业务,而是希望利用现有的烟草业务来支持和推动无烟产品的发展 [52]

bleex Philip Morris International Inc. (NYSE:PM) is the world's largest publicly traded tobacco company, engaged in the manufacture and marketing of tobacco and related nicotine products. Originally founded in 1847, Philip Morris International (hereafter referred to as PMI) is now a $155 billion (by market cap) global tobacco and nicotine behemoth that employs more than 80,000 people. FY 2023 revenue can be broken down mainly geographically: Europe, 38%; South and Southeast Asia, Commonwealth of Independent ...

Tatyana Berkovich Overview As an investor who values the income generated from my portfolio, high-yielding stocks like Philip Morris (NYSE:PM) are a must-have within my portfolio. This is because of the attractive nature of the qualified dividend distribution and the cash flow heavy business. I initially covered PM at the beginning of the year in January, and since then, the price has surpassed my price target of $96 per share. However, we can see that Philip Morris experienced the least amount of total ret ...

The exterior of an IQOS store. noel bennett As a dividend growth investor, the future of my investments is what matters to me most. This is because achieving my financial goals hinges on making my money work very hard for me. Paradoxically, I find that seeing the future requires going back into the past and working my way to the present day. That can allow me to judge the trajectory of a company's corporate culture. When a business maintains a culture of innovation and responsiveness to its customers, it al ...

Philip Morris (PM) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Shares of this seller of Marlboro and other cigarette brands have returned +5.6% over the past month versus the Zacks S&P 500 composite's -4.2% change. The Zacks Tobacco industry, to which Philip Morris belongs, has gained 2.2% over this period. Now the key question is: Where could the stock be head ...

财报表现 - Philip Morris International (PM)最近公布了其2023年第一季度的财报，收入和盈利均超过了街头预期[1] - PM公司在2023年第一季度表现良好，受益于加热烟草业务需求强劲增长，调整后的运营利润率也有所提高[5] 股票表现 - PM股票在过去几年的表现并不稳定，2021年和2023年表现不佳，与标普500指数相比表现不佳[2] 业绩预期 - PM公司预计2024年每股调整后的收益将在6.19美元至6.31美元之间，较之前的预期有所下调[6] 销售增长 - PM公司预计其加热烟草单元销量将在今年增长中位数百分比，电子烟产品IQOS的需求强劲增长，已超过万宝路品牌的收入[7]

烟草公司股票 - 烟草公司股票在投资者中享有广泛的受欢迎程度，因为它们具有高利润率、强劲的现金流和通常支付高股息的特点[1] - 菲利普莫里斯国际公司（PM）最近的研究报告认为，该股票目前的价格无疑是一个买入机会[1] 公司业绩 - 公司在2024年第一季度表现良好，收入和盈利能力均有显著增长，超过了分析师对这两个指标的共识预测[3] - 公司对未来感到乐观，提高了对营收和利润的指导[3] 公司转型 - 公司正在从传统烟草香烟转型到被认为对世界更安全、对用户更少有害的产品，其重要的自由现金流（FCF）也在上升[5]

The tobacco giant will soon be allowed to sell a proven product in a proven market.The tobacco industry is obviously still around, but there's no denying it's on the defensive. The smoking cessation movement has been whittling away at the number of worldwide smokers for decades, and there's no real growth in store for the traditional cigarette business.And yet, tobacco giant Philip Morris International (PM -1.11%) is still a compelling investment prospect that's about to get even better. On Wednesday, May 1 ...