Discounted Cash Flow
Philip Morris International Inc.
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—
Average annual growth rates
| Metric | 10-Year | 5-Year | 3-Year |
|---|---|---|---|
| Sales | — | — | — |
| Free Cash Flow | — | — | — |
| Average (FCF & NI) | — | — | — |
| Net Income | — | — | — |
Endpoint CAGR (better for long term trend)
| Metric | 10-Year | 5-Year | 3-Year |
|---|---|---|---|
| Sales | — | — | — |
| Free Cash Flow | — | — | — |
| Average (FCF & NI) | — | — | — |
| Net Income | — | — | — |
Projected growth rate
—
—
%
%
Historical inputs (10 fiscal years)
| YEAR | Sales | Net Income | Free Cash Flow | Net Margin | EPS (diluted) |
|---|---|---|---|---|---|
| 2016 | $75.0b | $7.0b | $6.9b | 9.3% | $4.48 |
| 2017 | $78.1b (4.2%) | $6.0b (-13.4%) | $7.4b (6.6%) | 7.7% (-16.9%) | $3.88 (-13.4%) |
| 2018 | $29.6b (-62.1%) | $7.9b (31.1%) | $8.0b (9.2%) | 26.7% (245.6%) | $5.08 (30.9%) |
| 2019 | $29.8b (0.6%) | $7.2b (-9.2%) | $9.2b (14.9%) | 24.1% (-9.7%) | $4.61 (-9.3%) |
| 2020 | $28.7b (-3.7%) | $8.1b (12.1%) | $9.2b (-0.3%) | 28.1% (16.5%) | $5.16 (11.9%) |
| 2021 | $31.4b (9.4%) | $9.1b (13.1%) | $11.2b (21.8%) | 29.0% (3.3%) | $5.83 (13.0%) |
| 2022 | $31.8b (1.1%) | $9.0b (-0.7%) | $9.7b (-13.3%) | 28.5% (-1.8%) | $5.82 (-0.2%) |
| 2023 | $35.2b (10.7%) | $7.8b (-13.6%) | $7.9b (-18.9%) | 22.2% (-22.0%) | $5.02 (-13.7%) |
| 2024 | $37.9b (7.7%) | $7.1b (-9.7%) | $10.8b (36.7%) | 18.6% (-16.1%) | $4.53 (-9.8%) |
| 2025 | $40.6b (7.3%) | $11.3b (60.8%) | $10.7b (-1.0%) | 27.9% (49.8%) | $7.27 (60.5%) |
Base FCF: — (latest fiscal year)
Discount rate: % —
Terminal growth: —
Projection period: — years
Alt A decline yrs:
Alt B total yrs:
Values abbreviated: b = billions, m = millions, k = thousands.
Projected cash flows
| Year | Projected cash flow | Discount Factor | Present Value |
|---|
PV of projected FCF: —
Terminal FCF: —
Terminal value: —
PV of terminal value: —
Enterprise value (DCF): —
Current price: —
—Alternative DCF Models
| Model | Fair Value | Upside | PV(FCFs) | PV(Terminal) | Total Years |
|---|---|---|---|---|---|
| Standard (10yr→TV) | — | — | — | — | 10 + TV |
| Alt A (Gradual Decline) | — | — | — | — | — |
| Alt B (30yr Hard Stop) | — | — | — | N/A | — |
This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.