Philip Morris International: The Margin Of Safety Is Not As Wide Anymore
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Philip Morris International, known for its strong dividend and smoke-free product growth, faces a reduced margin of safety due to a high EV/EBITDA multiple compared to peers. Despite this, its robust dividend policy makes it a solid long-term hold.
February 06, 2025 | 12:45 am
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Philip Morris International's EV/EBITDA multiple is nearly double that of its peers, reducing its margin of safety. However, its strong dividend policy and growth in smoke-free products like IQOS and ZYN support its long-term investment appeal.
The article highlights that while Philip Morris has strong growth in smoke-free products and a robust dividend policy, its high EV/EBITDA multiple compared to peers reduces its margin of safety. This suggests limited short-term upside but maintains its appeal as a long-term hold.
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