Philip Piotroski F Score

PM -  USA Stock  

USD 89.89  0.52  0.58%

This module uses fundamental data of Philip Morris to approximate its Piotroski F score. Philip Morris F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Philip Morris International. These three categories are profitability, efficiency, and funding. Some research analysts and sophisticated value traders use Piotroski F Score to find opportunities outside of the conventional market and financial statement analysis.They believe that some of the new information about Philip Morris financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Please check Philip Morris Altman Z Score, Philip Morris Correlation, Philip Morris Valuation, as well as analyze Philip Morris Alpha and Beta and Philip Morris Hype Analysis.

Philip Piotroski F Score 

 
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Philip Morris Issuance Repayment of Debt Securities is relatively stable at the moment as compared to the past year. The company's current value of Issuance Repayment of Debt Securities is estimated at 1.51 Billion. Long Term Debt to Equity is expected to hike to 62.88 this year, although the value of Debt Current will most likely fall to nearly 2.7 B. Philip Morris Inventory Turnover is relatively stable at the moment as compared to the past year. The company's current value of Inventory Turnover is estimated at 1.20. Accounts Payable Turnover is expected to hike to 11.56 this year, although the value of Cash Flow Per Share will most likely fall to 5.74.
At this time, it appears that Philip Morris' Piotroski F Score is Healthy. Although some professional money managers and academia have recently criticized Piotroski F-Score model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
6.0
Piotroski F Score - Healthy
1
Current Return On Assets
Positive
2
Change in Return on Assets
Increased
3
Cash Flow Return on Assets
Positive
4
Current Quality of Earnings (accrual)
Decreasing
5
Asset Turnover Growth
Increase
6
Current Ratio Change
Decrease
7
Long Term Debt Over Assets Change
Lower Leverage
8
Change In Outstending Shares
Increase
9
Change in Gross Margin
Increase

Philip Morris Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Philip Morris is to make sure Philip is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Philip Morris' auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if Philip Morris' financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares1.8 B1.6 B
Moderately Up
Decreasing
Slightly volatile
Weighted Average Shares Diluted1.8 B1.6 B
Moderately Up
Decreasing
Slightly volatile
Net Cash Flow from Operations10.5 B9.8 B
Notably Up
Increasing
Stable
Total Assets39.8 B44.8 B
Fairly Down
Increasing
Slightly volatile
Total Liabilities50 B57.4 B
Fairly Down
Increasing
Slightly volatile
Current Assets18.7 B21.5 B
Fairly Down
Increasing
Slightly volatile
Current Liabilities17.2 B19.6 B
Fairly Down
Increasing
Slightly volatile
Total Debt22.4 B26.2 B
Fairly Down
Increasing
Slightly volatile
Return on Average Assets21.3518.3738
Fairly Up
Decreasing
Slightly volatile
Gross Margin72.8266.6516
Significantly Up
Increasing
Slightly volatile
Asset Turnover0.790.6527
Fairly Up
Decreasing
Slightly volatile

Philip Morris Intern F Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to project the various growth rates. Understanding the correlation between Philip Morris' different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Philip Morris in a much-optimized way.

About Philip Morris Piotroski F Score

F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.

Operating Margin

44.84Share
Philip Morris Operating Margin is relatively stable at the moment as compared to the past year. The company's current value of Operating Margin is estimated at 44.84

Philip Morris Current Valuation Drivers

We derive many important indicators used in calculating different scores of Philip Morris from analyzing Philip Morris' financial statements. These drivers represent accounts that assess Philip Morris' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Philip Morris' important valuation drivers and their relationship over time.
201620172018201920202021 (projected)
Net Income Per Employee87.4 K74.88 K102.21 K97.75 K113.16 K99.73 K
Revenue Per Employee334.74 K356.68 K382.75 K405.51 K403.04 K366.2 K
Earnings Before Interest Taxes and Depreciation Amortization EBITDA11.56 B12.38 B12.32 B11.41 B12.55 B13.96 B

About Philip Morris Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Philip Morris International's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Philip Morris using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Philip Morris International based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Philip Morris International Inc., through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, smoke-free products, and related electronic devices and accessories. Philip Morris International Inc. was incorporated in 1987 and is headquartered in New York, New York. Philip Morris operates under Tobacco classification in the United States and is traded on New York Stock Exchange. It employs 71000 people.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Philip Morris without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Please check Philip Morris Altman Z Score, Philip Morris Correlation, Philip Morris Valuation, as well as analyze Philip Morris Alpha and Beta and Philip Morris Hype Analysis. Note that the Philip Morris Intern information on this page should be used as a complementary analysis to other Philip Morris' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.

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Is Philip Morris' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Philip Morris. If investors know Philip will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Philip Morris listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Philip Morris Intern is measured differently than its book value, which is the value of Philip that is recorded on the company's balance sheet. Investors also form their own opinion of Philip Morris' value that differs from its market value or its book value, called intrinsic value, which is Philip Morris' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Philip Morris' market value can be influenced by many factors that don't directly affect Philip Morris' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Philip Morris' value and its price as these two are different measures arrived at by different means. Investors typically determine Philip Morris value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Philip Morris' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.