• ISSN: 2301-3567 (Print), 2972-3981 (Online)
    • Abbreviated Title: J. Econ. Bus. Manag.
    • Frequency: Quarterly
    • DOI: 10.18178/JOEBM
    • Editor-in-Chief: Prof. Eunjin Hwang
    • Executive Editor: Ms. Fiona Chu
    • Abstracting/ Indexing:  CNKI, Google Scholar, Electronic Journals Library, Crossref, Ulrich's Periodicals Directory, MESLibrary, etc.
    • E-mail: joebm.editor@gmail.com
JOEBM 2022 Vol.10(4): 283-286 ISSN: 2301-3567
DOI: 10.18178/joebm.2022.10.4.713

The Investment Analysis for Philip Morris Based on Quantitative Indicator Comparison

Chonghe Li, Zhongyu Wang, and Di Xie

Abstract—Contemporarily, the American tobacco industry has experienced a great development, which attracts plenty of investors. According to previous literatures, Philip Morris International has become an excellent investment target. The data of this paper comes from Philip Morris’ financial statements. In this paper, quantitative indicator analysis is carried out to illustrate the investment value of Philip Morris in terms of valuation, growth, profitability, and payout. Based on the analysis, Philip Morris is a well performance investment target because of the steady growth and the powerful profitability. Besides, as the rapid development of North American tobacco industry, some policies permit the sale of tobacco in North America, which lead to the promotion of Philip Morris. Therefore, Philip Morris will keep the occupation status in this industry, i.e., investors will be able to earn profit by investing in Philip Morris. Additionally, it might attract more investors in the future. This paper paves a path to quantitatively analysis whether a company is deserved to be invested based on evidence from Philip Morris.

Index Terms—Philip Morris, Indicator analysis, EBITDA, EPS.

C. Li is with School of Management and Economics, Beijing Institute of Technology Beijing, China (e-mail: edwardlich@163.com). Z. Wang was with W. P. Carey School of Business, Arizona State University, Tempe, Arizona, USA (e-mail: zwang534@asu.edu). D. Xie is with Finance in Business School, The State University of New Jersey, Rutgers, New Brunswick, NJ 08854, USA (e-mail: dx52@scarletmail.rutgers.edu).


Cite:Chonghe Li, Zhongyu Wang, and Di Xie, "The Investment Analysis for Philip Morris Based on Quantitative Indicator Comparison," Journal of Economics, Business and Management vol. 10, no. 4, pp. 283-286, 2022.

Copyright © 2022 by the authors. This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited (CC BY 4.0).

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