Earnings GrowthThere is an expectation of robust EPS growth in FY25 and beyond, potentially surpassing most Staples companies and leading to a re-rating of the stock.
Market PositionPhilip Morris International has the highest growth profile among mega-cap CPG peers, despite trading at a discount to theoretical fair value.
Product InnovationThe strategic focus on expanding PM’s smoke-free portfolio with products like IQOS, ZYN, and VEEV is expected to grow the consumer base and drive top and bottom-line growth.