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Globe and Mail
19-05-2025
- Business
- Globe and Mail
Bull of the Day: Philip Morris (PM)
Philip Morris Company Overview Zacks Rank #1 (Strong Buy) stock Philip Morris International ( PM ) is an international manufacturer and seller of cigarettes, e-cigarettes, heated tobacco products, and oral nicotine products in over 180 countries. In early 2008, Philip Morris International was spun off from the Altria Group. The company built the foundation of its business on its premium cigarette brand category with its well-known Marlboro, Parliament, and Virginia Slim Brands. While the cigarette category continues to make up the lion's share of Philip Morris's business, it is rapidly expanding its non-cigarette businesses and becoming a more diverse brand. Zyn Smoke-Free Business Explodes Instead of sitting back and relying on its legacy core business of cigarettes, Philip Morris has realized that as consumers learn more about the dangers of lung cancer and become more health-conscious, they are looking for smoke-free options. Philip Morris' most successful foray into the smoke-free business is Zyn, an oral nicotine pouch that benefits from the move away from traditional tobacco. Zyn has benefited from its virality on the social media platform TikTok and has grown to own roughly three-quarters of the tobacco pouch market. Not only are the pouches seen as 'cool,' but many younger consumers are flocking to them because they eliminate the most harmful way of nicotine delivery – smoking. In addition, while it can be addictive, nicotine has also been shown to have positive traits, such as the fact that it can increase focus. Shipments of Zyn have more than quintupled over the past five years, with growth expected to continue. Philip Morris: Steady Growth & Price Action Though Philip Morris does not produce the high double-digit earnings growth seen in many growth stocks, the company makes up for it with its steadiness and consistency. Over the past three quarters, EPS grew +14%, +14%, and +13% year-over-year. In addition, annual earnings have grown consistently over the past three years. Image Source: Zacks Investment Research PM's steadiness goes beyond its fundamentals and translates to its price action. Shares have a beta of 0.14, meaning they are far less volatile than the S&P 500 Index. Nevertheless, PM has performed better than 95% of S&P 500 stocks. PM Defies Wall Street Expectations PM has beaten Zacks Consensus Analyst Estimates in nineteen of the past twenty quarters. Image Source: Zacks Investment Research Assuming the trend continues, that's good news for PM shareholders because consensus estimates suggest double-digit EPS growth into 2026. Meanwhile, the company has very low costs and a healthy cash stack. Bottom Line Philip Morris is strategically evolving beyond its traditional cigarette business, exemplified by the remarkable success of its 'Zyn' oral nicotine patch business. 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops." Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.0% per year. So be sure to give these hand picked 7 your immediate attention. See them now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Philip Morris International Inc. (PM): Free Stock Analysis Report
Trade Arabia
14-05-2025
- Business
- Trade Arabia
Skyscanner appoints new CEO
Skyscanner, a global travel leader, has appointed Bryan Batista as its new CEO. Batista, currently the Chief Operating Officer, will take over from John Mangelaars on June 1, 2025. Skyscanner connects over 160 million users in 180 countries and 37 languages to over 1200 flight, hotel, and car rental partners monthly. The company has experienced record performances in travel products, with double-digit growth in flights, car rental, and accommodation. In the last year, it broke into high growth markets, including India, where it expects to double its audience. Batista joined Skyscanner in January 2024 and has been instrumental in implementing the company's long-term strategic vision, which aims to help travellers plan and book their trips with ease and confidence. Batista commented, 'We built Skyscanner because we are travel geeks at heart. We love the thrill of exploring new places and we hate the pain of planning. Since joining Skyscanner, I've had the privilege of working closely with our incredible teams and travel partners. Stepping into this role is a dream. I get to lead a company that is on a mission to become the world's number one travel ally. I am excited that we are now adding rail and package travel options to that mix - delivering the best deals and the widest selection of travel options to our travellers. We are breaking into new markets, adding new products and smarter tools to make travel planning part of the adventure, not the admin.'
