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    Philip Morris: A Good Investment With Great Growth Potential

    Wed, 03/07/2012 - 18:44 EDT - Seeking Alpha
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    • Sol Palha

    By Sol Palha:Philip Morris International (PM) is a leading international tobacco company, with products sold in approximately 180 countries. In 2011, the company held an estimated 16% share of the international cigarette market outside of the U.S., or 28.1% excluding the People's Republic of China and the U.S. In terms of market share, it is the number one company in 13 markets and number two in a further nine of the 30 largest markets by cigarette industry size.
    We like Philip Morris (PM) for the following reasons
    It has very strong levered free cash flow of $9.22 billion. It has a decent quarterly earnings and revenue growth rate of 7.6% and 9% respectively. Net income has surged from $6.3 billion in 2009 to $8.5 billion in 2011, an increase of over 36%. Cash flow per share has increased from $3.83 in 2009 to $5.55 in 2011, an increase of 44%. EBITDA hasComplete Story »

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