Is Philip Morris International (PM) Still Below Fair Value On Its 8.8% Dividend Raise?

Simply Wall St.10-08 07:26

Philip Morris International (PM) has just given income focused investors fresh data to chew on. The group lifted its dividend by 8.8%, as smoke free products reached 42% of recent sales. Philip Morris...

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Philip Morris...</p>\n\n<a href=\"https://simplywall.st/stocks/us/food-beverage-tobacco/nyse-pm/philip-morris-international/news/is-philip-morris-international-pm-still-below-fair-value-on\">Source Link</a>\n\n</div>\n","source":"simplywall_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is Philip Morris International (PM) Still Below Fair Value On Its 8.8% Dividend Raise?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs Philip Morris International (PM) Still Below Fair Value On Its 8.8% Dividend Raise?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-10-08 07:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://simplywall.st/stocks/us/food-beverage-tobacco/nyse-pm/philip-morris-international/news/is-philip-morris-international-pm-still-below-fair-value-on><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Philip Morris International (PM) has just given income focused investors fresh data to chew on. The group lifted its dividend by 8.8%, as smoke free products reached 42% of recent sales. Philip Morris...</p>\n\n<a href=\"https://simplywall.st/stocks/us/food-beverage-tobacco/nyse-pm/philip-morris-international/news/is-philip-morris-international-pm-still-below-fair-value-on\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PM","symbol_name":"菲利普莫里斯","start_time":0,"source_url":"https://simplywall.st/stocks/us/food-beverage-tobacco/nyse-pm/philip-morris-international/news/is-philip-morris-international-pm-still-below-fair-value-on","article_id":"2673046947","we_media_id":null,"thumbnails":["https://simplywall.st/cdn-cgi/image/fit=cover,format=auto,width=320,height=180/https://images.simplywall.st/asset/company-cover/6569181-card/1788934402319"],"rights":{"source":"simplywall_highlight","url":"https://simplywall.st/stocks/us/food-beverage-tobacco/nyse-pm/philip-morris-international/news/is-philip-morris-international-pm-still-below-fair-value-on","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2673046947","pubTimestamp":1791415610,"columns":[],"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"Philip Morris International (PM) has just given income focused investors fresh data to chew on. The group lifted its dividend by 8.8%, as smoke free products reached 42% of recent sales.\nPhilip Morris International’s share price has gathered momentum, with a 5.6% 30 day share price return contributing to a 20.2% year to date gain. Dividend reinvestment lifts the 1 year total shareholder return to 28.5% and the 5 year figure to 148.8%, indicating that investors have been rewarding its smoke...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":[],"viewcount":null,"language":"en","relate_stocks":{"PM":"菲利普莫里斯","LU1066051498.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (USD) INC","LU0994945656.USD":"NINETY ONE GSF GLOBAL FRANCHISE \"A\" (USD) INC 2","LU1066053197.SGD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM3\" (SGDHDG) INC","CGDG":"Capital Group Dividend Growers ETF","LU0949170772.SGD":"Blackrock Global Equity Income A6 SGD-H","LU0545562505.USD":"NINETY ONE GSF GLOBAL QUALITY DIVIDEND GROWTH \"A\" (USD) INC","LU0265550359.USD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A2\" (USD) ACC","BK4585":"ETF&股票定投概念","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU1121112475.USD":"NINETY ONE GSF GLOBAL FRANCHISE \"A\" (USDHDG) ACC","LOHA":"Roundhill HALO ETF","LU1116320737.USD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A6\" (USD) INC","LU1506573853.SGD":"MANULIFE GF GLOBAL EQUITY \"AA\" (SGD) INC","LU0265550946.USD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A5\" (USD) INC","BK4566":"资本集团","LU0661504455.SGD":"Blackrock Global Equity Income A5 SGD-H","LU0426412945.USD":"NINETY ONE GSF GLOBAL FRANCHISE \"A\" (USD) ACC","LU0738911758.USD":"Blackrock Global Equity Income A6 USD","LU1066051811.HKD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (HKD) INC","LU0426417589.USD":"NINETY ONE GSF GLOBAL FRANCHISE \"A\" (USD) INC","GB00B4QBRK32.GBP":"FUNDSMITH EQUITY \"R\" (GBP) INC","LU2381873111.SGD":"BGF SYSTEMATIC GLOBAL EQUITY HIGH INCOME \"A6\" (SGDHDG) INC","LU1228905037.USD":"NINETY ONE GSF GLOBAL QUALITY DIVIDEND GROWTH \"A\" (USD) ACC","NICO":"HEXIS ACTIVE NICOTINE ENGAGEMENT ETF","TRUO":"VanEck Consumer Staples TruSector ETF","LU1043141396.HKD":"NINETY ONE GSF GLOBAL FRANCHISE \"A\" (HKD) ACC","GB00B4LPDJ14.GBP":"FUNDSMITH EQUITY \"R\" (GBP) ACC","SG9999011175.SGD":"Nikko AM Global Dividend Equity Dis SGD-H","LU2404859741.USD":"FUNDSMITH EQUITY FUND \"R\" (USD) INC","BK4588":"碎股","SG9999003800.SGD":"Nikko AM Global Dividend Equity Acc SGD-H","UGE":"PROSHARES ULTRA CONSUMER STAPLES","XLP":"消费品指数ETF-SPDR主要消费品","LU1116320901.HKD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A6\" (HKD) INC","LU2404859667.USD":"FUNDSMITH EQUITY FUND \"R\" (USD) ACC","IE000M9KFDE8.USD":"NEUBERGER BERMAN US LARGE CAP VALUE \"A\" (USD) ACC","LU1228905540.USD":"NINETY ONE GSF GLOBAL QUALITY DIVIDEND GROWTH \"A\" (USD) INC 2","LU1043141123.HKD":"NINETY ONE GSF GLOBAL FRANCHISE \"A\" (HKD) INC 2","LU0690374961.EUR":"FUNDSMITH EQUITY \"R\" (EUR) INC","FSTA":"Fidelity MSCI Consumer Staples Index ETF","BK4075":"烟草","LU0314106906.USD":"MANULIFE GF GLOBAL EQUITY \"AA\" (USD) INC","HK0000914686.HKD":"GFI Global Select Equity Fund Class A (HKD)","SG9999001440.SGD":"United Global Dividend Equity Fund A SGD Dist","LU0690374615.EUR":"FUNDSMITH EQUITY \"R\" (EUR) ACC","HK0000914660.USD":"GFI Global Select Equity Fund Class A (USD)","LU1066051225.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AC\" (USD) ACC"},"translate_title":"菲利普莫里斯国际公司 (PM) 提高 8.8% 的股息是否仍低于公允价值？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LOHA":1.5,"UGE":0.6,"XLP":0.6,"FSTA":0.6,"CGDG":0.6,"TRUO":0.6,"PM":1.5,"NICO":0.6},"content_text":"Philip Morris International (PM) has just given income focused investors fresh data to chew on. The group lifted its dividend by 8.8%, as smoke free products reached 42% of recent sales. Philip Morris International’s share price has gathered momentum, with a 5.6% 30 day share price return contributing to a 20.2% year to date gain. Dividend reinvestment lifts the 1 year total shareholder return to 28.5% and the 5 year figure to 148.8%, indicating that investors have been rewarding its smoke free transition and sustained payouts. Spot 7 dividend fortresses that, like Philip Morris International, pair meaningful yields with business models generating the cash flow needed to keep those payouts on solid footing.\nPhilip Morris International now trades near a fresh high, yet analyst fair value estimates still span a wide band below and above the current US$192.69 price. Where in that spread does a reasonable valuation really land? AdvertisementMost Popular Narrative: 7% Undervalued Philip Morris International’s most followed valuation storyline points to a fair value of $208.13, modestly above the recent $192.69 close. This puts the spotlight firmly on whether its high margin smoke free mix can carry that gap.  The accelerating global adoption of smoke free alternatives, driven by increasing health awareness and regulatory moves away from combustibles, is still supporting strong growth in IQOS, ZYN, and VEEV. Smoke free products are now delivering double digit revenue and gross profit expansion at around a 70% gross margin, which can continue to support higher net revenue and operating margin mix over time.  See why 95 investors see Philip Morris International as 7% undervalued. Result: Fair Value of $208.13 (UNDERVALUED) Still, the Philip Morris International story can crack if cigarette volume declines outpace smoke free uptake, or if higher U.S. ZYN and IQOS spending squeezes margins. Find out about the key risks to this Philip Morris International narrative. Another View On Philip Morris International’s Valuation The analyst narrative sees Philip Morris International as about 7% undervalued at a fair value of $208.13. A simple P/E check tells a different story. PM trades on 27.7x earnings compared with 10.8x for the global tobacco group and 20.6x for peers, while its fair ratio is 25.9x. That premium can signal quality, or it can just mean less room for error if sentiment cools. To see how this richer multiple stacks up against the underlying earnings profile, and what that gap could mean for future returns, See what the numbers say about this price — find out in our valuation breakdown. NYSE:PM P/E Ratio as at Oct 2026Next Steps Mixed messages in the Philip Morris International story so far. Use the full data set, weigh both sides quickly, and then review the 3 key rewards and 1 important warning sign. Looking for more ideas beyond Philip Morris International? If Philip Morris International has sharpened your appetite for income and long term compounding, do not stop your research here. Broader opportunity often hides just outside the obvious. Use the Simply Wall St Screener to quickly surface fresh ideas that match your style, from higher yield candidates to sturdier balance sheets and quietly compounding outliers.  Target stronger income streams by scanning a curated set of higher yielding payers through the 7 dividend fortresses. Hunt for mispriced businesses with solid fundamentals using the 29 high quality undervalued stocks before other investors catch on. Secure more resilient anchors for your portfolio by filtering for robust finances via the list of solid balance sheet and fundamentals (25 results).   This article by Simply Wall St is general in nature. We provide commentary based on historical data\n        and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your\n        financial situation. We aim to bring you long-term focused analysis driven by fundamental data.\n        Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.\n        Simply Wall St has no position in any stocks mentioned.New: Manage All Your Stock Portfolios in One PlaceWe've created the ultimate portfolio companion for stock investors, and it's free.• Connect an unlimited number of Portfolios and see your total in one currency• Be alerted to new Warning Signs or Risks via email or mobile• Track the Fair Value of your stocksTry a Demo Portfolio for FreeHave feedback on this article? Concerned about the content? Get in touch with us directly. 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