Stocks · Tobacco

Altria Group Inc (MO)

$73.26

−0.49% last session

Market value

$122.9bn

P/E ratio

15.4

Dividend yield

9.45%

52-week range

$55–$77

What Altria Group Inc does

No description available yet.

Tobacco · based in the US · listed since 1923Company website ↗

Report card

tap a grade for the details

DGrowthBarely growing

Sales growth, last 12 months−0.6% · 29/100

Sales growth a year, 5 years−2.3% · 24/100

Earnings per share growth a year, 5 years11.4% · 74/100

AProfitabilityHighly profitable

Net profit margin34.0% · 100/100

Return on equity150% · 100/100

Return on capital, 10-year average35.2% · 100/100

CFinancial strengthOkay

Net debt ÷ operating profit2.1× · 57/100

Interest cover8× · 77/100

Current ratio (short-term assets ÷ debts)0.52 · 21/100

BValuationReasonably priced

P/E against its own 10-year history70th percentile · 30/100

Free cash flow yield7.4% · 96/100

PEG (P/E ÷ growth)1.3 · 71/100

Our base-case value vs price21% · 76/100

CMomentumFlat

Share price, last 12 months15.1% · 70/100

Share price, last 3 months1.8% · 55/100

Price

+14.9% over 1Y

27 Oct 2026$73.26

Daily closing prices. Source: Twelve Data.

If you'd invested £1,000

in pounds, including currency moves

Invested	Worth now	Per year	+ dividends received	Same in the S&P 500
1 year ago Oct 2025	£1,282	+28.2%	+£73	£1,114 MO ahead
3 years ago Oct 2023	£1,667	+18.6%	+£273	£1,683 index ahead
5 years ago Oct 2021	£1,722	+11.5%	+£451	£1,739 index ahead
10 years ago Oct 2016	£1,017	+0.2%	+£469	£3,325 index ahead

Over 10 years, £1,000 became £1,486 including dividends. Past returns don't predict future ones.

Bull vs bear

The numbers are finely balanced (9 vs 9)

The bull case

Very high returns on capital●●●

Averages 35% after tax, a sign of a durable advantage (a 'moat').

Shareholder-friendly management●●○

Passes 5 of 6 capital-allocation checks.

Our cash-flow model sees value●●○

Base case 21% above today's price.

Cash machine●○○

Turns 39% of revenue into free cash flow.

Reliable dividend grower●○○

Raised its dividend 10 years in a row.

The bear case

Little growth●●○

Revenue up only -0.9% a year over 10 years: barely ahead of inflation.

Cyclical revenue●●○

Revenue fell in 8 of the last 10 years: results can swing with the economy.

Margins shrinking●●○

Operating margin down from 47.5% to 42.5% in three years: competition or costs biting.

Has overpaid for deals before●○○

$3.2bn spent buying businesses since 2015; $1.3bn written off as overpaid. Goodwill is 16.5% of assets

Above analysts' average target●○○

The price is 7% above where analysts on average expect it in a year.

Recoveries can take years●○○

Took 44 months to recover after the 1973 fall.

Can you answer every bear point? Put your answers in your thesis under risks.

See the full picture on Altria Group Inc

Ten years of results, revenue by product and region, a management scorecard, bear/base/bull valuations, analyst targets, every SEC filing explained, and a thesis that checks itself after each report. Free.

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Altria Group Inc (MO)

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Bull vs bear

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