Philip Morris International PM
Quarterly report 2024-Q3
added 10-24-2024
Country |
USA |
IPO year |
- |
Industry |
Tobacco |
Stock Exchange |
NYSESPB |
CEO |
Mr. Andre Calantzopoulos |
Employees in the company |
73 500 |
Shares |
1.55 B |
Market Cap[1] |
$ 193 B |
EBITDA (LTM) |
$ 12.1 B |
P/E (LTM) |
21.35 |
P/S (LTM) |
5.52 |
EPS (LTM) |
6.22 |
Philip Morris is a leading tobacco company headquartered in New York City with a strong global presence, operating in more than 180 countries and employing over 70,000 people.
The company is known for its brands such as Marlboro, L&M, and Parliament, which are among the best-selling cigarette brands in the world. Philip Morris is also a pioneer in the development of smoke-free tobacco products such as IQOS, an electronic cigarette that heats tobacco instead of burning it.
Philip Morris is committed to social responsibility and sustainability and has set ambitious goals to reduce its impact on the environment. The company has pledged to be carbon neutral by 2030 and increase the use of renewable energy. Philip Morris also supports a range of philanthropic initiatives, including education and health programs.
However, the company is also the subject of criticism from those who argue that tobacco consumption is harmful to health and that PM is not doing enough to protect its customers' health. Philip Morris has emphasized that it is committed to a future without tobacco and is focused on developing alternative products that are less harmful than conventional cigarettes.
Overall, Philip Morris is a leading tobacco company with a strong global presence and a commitment to social responsibility and sustainability. However, it faces challenges related to its customers' health and is working to develop alternative products that are less harmful than conventional cigarettes.
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References
- Pavone, P. (2019). Market capitalization and financial variables: Evidence from Italian listed companies. International Journal of Academic Research Business and Social Sciences, 9(3), 1356-1371.