Company Valuation: Altria Group, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 87,055 81,920 71,347 88,622 96,792 113,753 - -
Change - -5.9% -12.91% 24.21% 9.22% 17.52% - -
Enterprise Value (EV) 1 110,555 104,570 93,894 110,421 118,027 134,821 134,215 133,848
Change - -5.41% -10.21% 17.6% 6.89% 14.23% -0.45% -0.27%
P/E ratio 35.4x 14.3x 8.83x 8x 14x 12.3x 11.9x 11.6x
PBR -53.8x -20.5x -20.2x -40.2x -27.6x -47.9x -58.4x -55x
PEG - 0x 0.2x 0.2x -0.4x 0.4x 3.17x 5.27x
Capitalization / Revenue 4.12x 3.96x 3.48x 4.33x 4.81x 5.57x 5.54x 5.52x
EV / Revenue 5.24x 5.05x 4.58x 5.4x 5.86x 6.6x 6.54x 6.5x
EV / EBITDA 9.18x 8.55x 7.45x 8.91x 9.37x 10.2x 10x 9.86x
EV / EBIT 9.37x 8.71x 7.62x 9.12x 9.57x 10.5x 10.4x 10.2x
EV / FCF 13.4x 13x 10.3x 12.8x 13x 13.4x 13.1x 14.4x
FCF Yield 7.45% 7.7% 9.68% 7.8% 7.69% 7.47% 7.61% 6.95%
Dividend per Share 2 3.52 3.68 3.84 4 4.16 4.322 4.496 4.673
Rate of return 7.43% 8.05% 9.52% 7.65% 7.21% 6.35% 6.6% 6.86%
EPS 2 1.34 3.19 4.57 6.54 4.12 5.521 5.728 5.854
Distribution rate 263% 115% 84% 61.2% 101% 78.3% 78.5% 79.8%
Net sales 1 21,111 20,688 20,502 20,444 20,139 20,423 20,528 20,600
EBITDA 1 12,044 12,237 12,602 12,391 12,595 13,201 13,362 13,576
EBIT 1 11,800 12,011 12,330 12,105 12,329 12,823 12,965 13,134
Net income 1 2,475 5,764 8,130 11,264 6,947 9,210 9,442 9,527
Net Debt 1 23,500 22,650 22,547 21,799 21,235 21,068 20,462 20,095
Reference price 2 47.39 45.71 40.34 52.29 57.66 68.12 68.12 68.12
Nbr of stocks (in thousands) 1,836,989 1,792,173 1,768,647 1,694,813 1,678,672 1,669,891 - -
Announcement Date 27/01/22 01/02/23 01/02/24 30/01/25 29/01/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
12.34x6.6x10.21x6.35% 114B
17.04x2.94x9.53x4.35% 65.39B
18.86x4.77x14.23x4.73% 40.79B
14.79x2.53x9.68x3.6% 12.45B
11.12x0.69x7.02x8.33% 5.09B
16.05x0.33x1.96x6.98% 2.57B
9.72x2.46x7.31x8.06% 2.25B
14.56x0.36x4.9x4.98% 1.85B
Average 14.31x 2.58x 8.11x 5.92% 30.52B
Weighted average by Cap. 14.82x 4.83x 10.45x 5.45%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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