FMP
Apr 23, 2024 3:24 PM - Davit Kirakosyan
Philip Morris International (NYSE:PM) shares rose nearly 3% intra-day today after the company exceeded analysts' expectations for earnings and revenue in fiscal Q1/24 and raised its full-year guidance. The tobacco company announced an earnings per share (EPS) of $1.50, beating the forecast of $1.41. Its quarterly revenue reached $8.79 billion, outperforming the expected $8.46 billion.
The adjusted operating income margin also saw an improvement, rising to 38.2% from 37.3% in the comparable quarter last year. Looking forward to the full year 2024, Philip Morris now anticipates an adjusted EPS range of $6.55 to $6.67, surpassing the consensus estimate of $6.37.
Jacek Olczak, the Chief Executive Officer, expressed confidence in the company’s performance, citing strong first-quarter results with robust top-line growth and significant margin expansion as the basis for upgrading the full-year guidance.
Oct 31, 2023 8:03 AM - Parth Sanghvi
Free cash flow to the firm (FCFF) and free cash flow to equity (FCFE) are two of the most important metrics used in financial modeling. Both metrics measure the amount of cash that is available to a company's shareholders and creditors, but there is a key difference between the two. FCFF measures...
Nov 25, 2023 6:39 AM - Parth Sanghvi
Choosing the Right Valuation Method: DCF vs. Comparable Companies Analysis Introduction: Valuation methods play a pivotal role in determining the fair value of a company, aiding investors in making informed investment decisions. Two commonly used methods, DCF Valuation and Comparable Companies A...
Dec 23, 2023 2:19 AM - Parth Sanghvi
Introduction: Discounted Cash Flow (DCF) analysis stands as a cornerstone in valuing investments, yet its efficacy is contingent upon various assumptions and methodologies. While a powerful tool, DCF analysis comes with inherent limitations and challenges that investors must acknowledge to make i...