Altria Group Stock Fair Value – Altria Optimistic for 2024 Recovery: Technical Analysis in Progress
January 3, 2024
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Altria Group ($NYSE:MO), Inc., formerly known as Philip Morris, is one of the largest tobacco companies in the world. After steady declines in stock prices over the past few years, Altria is now optimistic about a potential recovery in 2024. To that end, the company is actively engaging in technical analysis to identify trends and formulate strategies to secure a strong comeback. Altria’s technical analysis involves identifying buy and sell points for their stocks as well as analyzing their competitors’ financial performance. They have also taken steps to reduce their costs and increase their revenues by focusing on specific products and markets. To ensure that the recovery plan is well-prepared, they have hired experts to help with research and development. This includes the development of new technology and strategies to enhance their ability to compete with other tobacco companies.
Altria is also investing in the development of new products such as electronic cigarettes and other smokeless products. These products are expected to be a major factor in the company’s comeback as they are not subject to the same regulations as traditional tobacco products. This could help Altria increase its market share and improve its bottom line. Overall, Altria is taking a proactive approach to their recovery in 2024 by utilizing technical analysis and developing new products. With its strategic investments, the company is hopeful that they will be able to capitalize on the changing landscape and regain their position as a market leader.
Market Price
On Tuesday, ALTRIA GROUP stock opened at $40.4 and closed at $41.6, up by 3.1% from prior closing price of 40.3. The positive performance of ALTRIA GROUP’s stock has caused analysts to be optimistic about the company’s recovery in 2024. Furthermore, technical analysis is currently in progress to further assess the stock performance.
Analysts are expecting the stock to maintain its upward trajectory in the foreseeable future, as ALTRIA GROUP continues to demonstrate strong growth potential. With technical analysis in progress, investors should keep an eye on ALTRIA GROUP’s stock performance in the coming months, as more data emerges. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Altria Group. More…
| Total Revenues | Net Income | Net Margin |
| 20.56k | 8.74k | 42.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Altria Group. More…
| Operations | Investing | Financing |
| 8.68k | -220 | -9.42k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Altria Group. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 36.47k | 39.83k | -1.93 |
Key Ratios Snapshot
Some of the financial key ratios for Altria Group are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -0.0% | 2.2% | 58.1% |
| FCF Margin | ROE | ROA |
| 41.2% | -206.5% | 20.5% |
Analysis – Altria Group Stock Fair Value
At GoodWhale, we have conducted an analysis of ALTRIA GROUP’s fundamentals to determine the fair value of their share. Using our proprietary Valuation Line, we calculated that the fair value of ALTRIA GROUP’s stock to be around $48.8. Interestingly, the stock is currently being traded at $41.6 which is a fair price about 14.7 percent lower than its fair value. We believe that this presents an opportunity to invest in the stock at a price that is undervalued. More…
Peers
The tobacco industry is fiercely competitive, with Altria Group Inc up against Swedish Match AB, Imperial Brands PLC, British American Tobacco PLC, and other companies. All are vying for a share of the global tobacco market, which is estimated to be worth $837 billion.
– Swedish Match AB ($LTS:0GO4)
Founded in 1862, Swedish Match is a leading manufacturer of tobacco products with a portfolio of well-known brands, including Red Man, Timber Wolf, and White Owl. The company also produces a wide range of smokeless tobacco products, including snus and moist snuff, as well as cigars and matches. Swedish Match is headquartered in Stockholm, Sweden, and has operations in more than 90 countries.
Swedish Match has a market capitalization of 167.51 billion as of 2022 and a return on equity of -107.57%. The company’s products are sold in more than 90 countries around the world.
– Imperial Brands PLC ($LSE:IMB)
Imperial Brands PLC is a tobacco company with a market cap of 19.07B as of 2022. The company has a Return on Equity of 50.52%. Imperial Brands PLC is a leading international tobacco company, with products sold in over 160 countries. The company’s portfolio includes well-known brands such as Gauloises, West, and Rizla. Imperial Brands PLC is committed to providing shareholders with long-term value through a combination of growth and dividend income.
– British American Tobacco PLC ($LSE:BATS)
British American Tobacco PLC is a large multinational tobacco company with operations in over 50 countries. The company has a market capitalization of over $73 billion as of 2022 and a return on equity of 8.35%. British American Tobacco is one of the world’s largest producers of cigarettes and other tobacco products. The company’s brands include Dunhill, Lucky Strike, and Pall Mall. British American Tobacco also has a strong presence in the e-cigarette and vaping market with its Vype and glo brands.
Summary
Altria Group is a multinational company that manufactures and sells tobacco, alcohol, and other consumer products. Investing in Altria Group can be a wise decision due to its solid financials and long history of dividend payments. The company’s stock price has been relatively volatile in recent years, but technical analysis suggests that the stock is forming a bottom and is poised for a recovery in 2024. This could be an attractive entry point for investors seeking a potential long-term gain. The company has a strong balance sheet with manageable debt levels, while its dividend yield is currently above the industry average.
Additionally, Altria Group has announced plans to enter the cannabis sector, which could provide an additional growth opportunity. Altria’s stock price could continue to see volatility in the near-term, but long-term investors should consider an investment in this company for its strong financials and potential upside.
