Philip Morris International Inc. (PM) has had a significant operational and financial year, exhibiting strong performance across sectors. A surge in cultural and institutional investment support has led to increased market confidence, fuelling a 12% and 18% compounded annual growth rate (CAGR) over the past five and three years. The company continues to provide attractive dividends for its investors, maintaining $1.35 per share, and acquiring an overall 4.5% yield. Smoke-Free products have emerged as strong contributors, comprising 38% of total revenue. This distortion in revenue streams ties into PM's strategic shift, marked by the successful sale of Vectura Group Ltd. and divestment in tobacco manufacture. One major growth factor was the increase in nicotine pouch sales by 50.6%, a development guided by ZYN. PM's operational expansion has led to substantial employment growth with 500 jobs in the Aurora Manufacturing facility, a $600 Million investment, and a further 450 jobs with a $232 Million investment in Kentucky via their Swedish Match affiliate. Finally, PM's consistent performance has contributed to its positive ratings, termed a 'Moderate Buy' by analysts and touted as a favourable defensive stock on Reddit platforms.
Philip Morris International PM News Analytics from Tue, 23 Apr 2024 07:00:00 GMT to Fri, 03 Jan 2025 11:49:09 GMT -
Rating 8
- Innovation 6
- Information 8
- Rumor -2
