A l t r i a G r o u p I n c . R e p o r t e d l y i n A d v a n c e d T a l k s t o P u r c h a s e N J O Y H o l d i n g s I n c . f o r $ 2 B i l l i o n
February 28, 2023
Trending News ☀️
Altria Group ($NYSE:MO) Inc., one of the world’s largest tobacco companies, is reportedly in advanced talks to acquire NJOY Holdings Inc. for an estimated $2 billion. Acquiring NJOY would give Altria access to the growing e-cigarette market, which has seen its sales increase steadily year-on-year since its inception. The news of the acquisition follows Altria’s current move of diversifying its business interests by investing in the cannabis industry. This move is seen by many as a sign that the tobacco giant is attempting to strengthen its foothold in the changing industry landscape. The deal, if successful, could also lead to an increase in Altria’s influence in the e-cigarette market.
Altria’s reported $2 billion purchase of NJOY Holdings Inc. would be further evidence of its commitment to remaining competitive in the changing industry landscape. The acquisition would undoubtedly strengthen Altria’s position as one of the leading tobacco companies in the world. It will be interesting to witness how this reported purchase affects their future endeavors and whether they continue to diversify their interests.
Market Price
On Monday, ALTRIA GROUP Inc. reported to be in advanced talks to purchase NJOY Holdings Inc. for $2 billion. Following the news, the stock opened at $47.3 and closed at $46.5, down by 1.3% from previous closing price of 47.2. The deal is likely to be cash-only and will be a major acquisition for Altria as it looks to expand its portfolio of alternative tobacco and nicotine products and strengthen its presence in the vaping market.
NJOY Holdings is a leading e-cigarette company operating in the United States, and it has been experiencing strong demand over the past few years. This acquisition is expected to position Altria as one of the major players in the e-cigarette and vaping space. 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 |
| 20.69k | 5.76k | 27.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Altria Group. More…
| Operations | Investing | Financing |
| 8.26k | 782 | -9.54k |
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 |
| 36.95k | 40.88k | -2.23 |
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 |
| 1.5% | 4.9% | 41.2% |
| FCF Margin | ROE | ROA |
| 38.9% | -129.8% | 14.4% |
Analysis
As part of our analysis of ALTRIA GROUP‘s wellbeing, GoodWhale has determined that the company is performing well in terms of cashflow and debt. According to our star chart, ALTRIA GROUP has a health score of 8/10, indicating that the company is able to withstand a crisis without the risk of bankruptcy. In addition, ALTRIA GROUP has been classified as a ‘rhino’; a type of company that has achieved moderate revenue or earnings growth. This makes ALTRIA GROUP an attractive option for certain types of investors. Specifically, those looking for a reliable dividend and strong profitability would find ALTRIA GROUP an appealing option. However, ALTRIA GROUP may not be an ideal investment for investors who are looking for substantial asset growth. 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
T h e A l t r i a G r o u p i s a h i g h l y r e g a r d e d i n v e s t o r , a n d t h e i r l a t e s t m o v e h a s b e e n t o r e p o r t e d l y e n t e r i n t o a d v a n c e d t a l k s t o p u r c h a s e N J O Y H o l d i n g s I n c . f o r a r e p o r t e d $ 2 b i l l i o n .
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