Valuentum Exclusive Analysis for the Discerning Investor

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Oct 23, 2020

Our Thoughts on Philip Morris International’s Latest Earnings Report
Image Shown: Philip Morris International Inc has been able to maintain its global market share in the tobacco industry while pushing through price increases as indicated by its relatively strong ‘Combustible Tobacco Pricing’ performance seen through the first nine months of 2020. Image Source: Philip Morris International Inc – Third Quarter of 2020 IR Earnings Presentation. Tobacco giant Philip Morris reported third quarter 2020 earnings on October 20 which saw the company beat both consensus top- and bottom-line estimates. Philip Morris International also raised its full-year guidance for 2020 in part due to industry volumes holding up better than expected in Indonesia, which raised the minimum selling price for cigarettes while also increasing cigarette taxes at the start of 2020. For the full-year, the company now expects to generate $5.03 - $5.08 in GAAP diluted EPS (up from $4.84 - $4.99 previously) and $5.37 - $5.42 in non-GAAP adjusted diluted EPS (up from $5.23 - $5.38 previously). Philip Morris International continued to maintain its ~28-29% market share (excluding China and the US) of the global tobacco industry in the third quarter. Additionally, the firm has been able to also push through price increases versus year-ago levels. We continue to like shares of Philip Morris International as a holding in our High Yield Dividend Newsletter portfolio. Shares of PM yield ~6.4% as of this writing on a forward-looking basis after the firm raised its quarterly dividend by roughly 3% in September.

May 29, 2020

Dividend Increases/Decreases for the Week Ending May 29
Let's take a look at companies that raised/lowered their dividend this week.

May 24, 2019

Dividend Increases/Decreases for the Week Ending May 24
Let's take a look at companies that raised/lowered their dividend this week.

May 25, 2018

Dividend Increases/Decreases for the Week Ending May 25
Let's take a look at companies that raised/lowered their dividend this week.

Apr 19, 2018

Philip Morris Shocks the Tobacco Space But Why?
Image Source: Philip Morris. Investors are overreacting to Philip Morris’ first-quarter 2018 report, and the company is dragging the entire tobacco industry down with it.

Nov 10, 2017

Dividend Increases/Decreases for the Week Ending November 10
Let's take a look at companies raising/lowering their dividends this week.

Jul 2, 2017

Prepared Remarks From Nelson Exclusive Conference Call June 30
Read President of Investment Research Brian Nelson's prepared remarks for the yearly roundup conference call, held for Nelson Exclusive members.

May 4, 2017

Valuentum’s 3 Breakthroughs in the Field of Finance and More
Valuentum's President Brian Nelson pauses for a picture before speaking at the CFA Society of Houston in March 2017. Let’s cover Valuentum’s 3 major breakthroughs in the field of finance. The first one is big and may challenge you to rethink everything you think you know about investing.

Nov 14, 2016

Dividend Increases/Decreases for the Week Ending November 11
Let's take a look at companies raising/lowering their dividends this week.

Nov 8, 2015

Dividend Increases/Decreases for the Week Ending November 6
Let's take a look at companies raising/lowering their dividends this week.