Earnings GrowthThe company reported a better than expected 3Q with organic sales growth, profit margin expansion, and EPS growth.
Growth PotentialThere is substantial and above-consensus growth expected for Philip Morris International driven by international IQOS momentum and the US launch of IQOS.
Market PositionPhilip Morris International has the highest growth profile among mega-cap CPG peers, despite trading at a discount to theoretical fair value.