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Philip Morris International, Inc. Message Board

  • borisbadenoffthe3rd borisbadenoffthe3rd Sep 30, 2013 11:40 AM Flag

    An excerpt from seeking alpha, FYI

    Now how does this work for PM? In 2008 and 2009 the pretax EPS divided by the maximum corporate interest rates paid by PM gave predicted share values of $ 72 and $ 85 respectively, but at the end of 2008 and 2009 PM was only trading at around $ 42 and $ 49 respectively. However at the end of 2011 and 2012 the share price was $ 77 and $ 86, exactly in line with what was predicted in 2008 and 09. Now to attempt to extrapolate this trend to 2013 and beyond is difficult due to the lack of ability to take into account currency effects, but this metric suggests that PM should be worth around $ 127 per share by the end of 2013, an over 40 % upside from current, and over 100 % upside to $ 175 per share by the end of 2015.

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