Philip Morris In A Dying Industry - The Creative Destruction Of The Cigarette

Detalhes bibliográficos
Autor(a) principal: Arthur Alexander Meltendorf
Data de Publicação: 2022
Tipo de documento: Dissertação
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10362/157118
Resumo: This report represents an equity valuation of Philip Morris International Inc., one of the leading tobacco firms worldwide. For this, an intrinsic valuation in form of a DCF model and a relative valuation based on multiples and transactions was conducted. A target share price of $108.16 was derived which depicts a Buy recommendation and a total upside potential including a dividend of 10.79%. The firm was valued especially in light of its shifting business model and a clear focus towards Risk-Reduced Products going forward. Additionally, scenario and sensitivity analyses were performed.
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spelling Philip Morris In A Dying Industry - The Creative Destruction Of The CigarettePhilip Morris internationalEquity research valuationTobaccoReduced-risk-productsDomínio/Área Científica::Ciências Sociais::Economia e GestãoThis report represents an equity valuation of Philip Morris International Inc., one of the leading tobacco firms worldwide. For this, an intrinsic valuation in form of a DCF model and a relative valuation based on multiples and transactions was conducted. A target share price of $108.16 was derived which depicts a Buy recommendation and a total upside potential including a dividend of 10.79%. The firm was valued especially in light of its shifting business model and a clear focus towards Risk-Reduced Products going forward. Additionally, scenario and sensitivity analyses were performed.André, RosárioRUNArthur Alexander Meltendorf2023-09-01T11:07:46Z2023-01-172022-12-162023-01-17T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10362/157118TID:203313445enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T05:39:21Zoai:run.unl.pt:10362/157118Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:56:33.427445Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Philip Morris In A Dying Industry - The Creative Destruction Of The Cigarette
title Philip Morris In A Dying Industry - The Creative Destruction Of The Cigarette
spellingShingle Philip Morris In A Dying Industry - The Creative Destruction Of The Cigarette
Arthur Alexander Meltendorf
Philip Morris international
Equity research valuation
Tobacco
Reduced-risk-products
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
title_short Philip Morris In A Dying Industry - The Creative Destruction Of The Cigarette
title_full Philip Morris In A Dying Industry - The Creative Destruction Of The Cigarette
title_fullStr Philip Morris In A Dying Industry - The Creative Destruction Of The Cigarette
title_full_unstemmed Philip Morris In A Dying Industry - The Creative Destruction Of The Cigarette
title_sort Philip Morris In A Dying Industry - The Creative Destruction Of The Cigarette
author Arthur Alexander Meltendorf
author_facet Arthur Alexander Meltendorf
author_role author
dc.contributor.none.fl_str_mv André, Rosário
RUN
dc.contributor.author.fl_str_mv Arthur Alexander Meltendorf
dc.subject.por.fl_str_mv Philip Morris international
Equity research valuation
Tobacco
Reduced-risk-products
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
topic Philip Morris international
Equity research valuation
Tobacco
Reduced-risk-products
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
description This report represents an equity valuation of Philip Morris International Inc., one of the leading tobacco firms worldwide. For this, an intrinsic valuation in form of a DCF model and a relative valuation based on multiples and transactions was conducted. A target share price of $108.16 was derived which depicts a Buy recommendation and a total upside potential including a dividend of 10.79%. The firm was valued especially in light of its shifting business model and a clear focus towards Risk-Reduced Products going forward. Additionally, scenario and sensitivity analyses were performed.
publishDate 2022
dc.date.none.fl_str_mv 2022-12-16
2023-09-01T11:07:46Z
2023-01-17
2023-01-17T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/masterThesis
format masterThesis
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10362/157118
TID:203313445
url http://hdl.handle.net/10362/157118
identifier_str_mv TID:203313445
dc.language.iso.fl_str_mv eng
language eng
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
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reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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