$PM
Market Cap:
$202.9 Billion
$PM Insights BETA
Expenses
- Gross Profit Margin is relatively inconsistent.
- Avg. Gross Profit Margin is ≈48.48%, which is pretty good. It would be ideal if it were above 60%.
Cost Of Revenues
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Gross Profit
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Gross Profit Margin
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- SGA is relatively consistent
- Avg. SGA is ≈38.45%, which is moderate. Ideally, this would be under 30%. If it's closer to 70%, it's on the bad side of the range.
- R&D as % of Gross Profit is 2.59% on average, which is very low. This can indicate that the business does not need to reinvent it's products in order to maintain it's competitive advantage(s) if it has them.
Selling, General & Admin Expense
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Research & Development
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Depreciation, Depletion & Amortization
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SGA Expense to Gross Profit Ratio
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R&D To Gross Profit Ratio
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DDA To Gross Profit Ratio
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Operating Expenses Total
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Operating Profits/Loss
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Income/Loss
- The tax rate (Income Tax Paid / Pretax Income) is 25.7% on average, which is well above the 21% corporate tax rate. It might be worth trying to understand what's going on.
- Net Income is relatively inconsistent. When Net Income is inconsistent, it's hard to determine a value of the company you can feel confident in.
- Net Income / Total Revenues is 19.43% on average. This is good when it's above 10%. When comparing with competitors, the company with the highest ratio will likely be the one with the competitive advantage.
- Earnings Per Share is relatively inconsistent. Erratic earnings picture is a red flag that indicates a fiercely competitive industry with lots of booms and busts. During the bust part of the cycle, the stock price might fall significantly after a bad earnings performance. This creates the illusion of a value buying opportunity but it’s not. Also keep in mind if the company has had stock splits or reverse splits.
Pretax Income
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Income Tax
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Net Profits/Loss
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Pretax Income YoY Change
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Income Tax Rate
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Net Profits/Loss YoY Change
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Basic EPS
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Net Income To Revenue Ratio
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Assets & Liabilities
- Inventory has been relatively inconsistent. Rise and falls, especially if they aren't aligned with earnings, is not what you want because it indicates a boom and bust cycle. The rise of inventory happens after a boom cycle and fall of inventory usually happens after the bust part of the cycle.
- Property, Plant and Equipment has been pretty consistent. A stable PPE indicates that the company might not need to continuously reinvest into recreating their products, which might indicate the presence of a competitive advantage.
- Goodwill is relatively inconsistent. Increasing Goodwill indicates that the company is out buying other companies at prices above their book value. This can be a good thing if it’s buying companies that have competitive advantages or it can be ignorable/bad if the acquired companies did not have competitive advantages.
- Total Assets on average has been really high. This can be a competitive advantage because raising that much cash to compete with the business becomes much harder.
Cash & Short-Term Investments
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Cash & Equivalents
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Cash To Operating Expenses Ratio
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Inventory
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Receivables
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Total Short-Term Assets
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Property, Plant And Equipment
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Long-Term Investments
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Total Long-Term Assets
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Total Assets
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Net Income To Total Assets Percentage
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Accounts Payable
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Short-Term Debt
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Long Term Debt Due
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Total Short-Term Liabilities
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Long-Term Debt
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Other Long-Term Liabilities
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Total Long-Term Liabilities
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Total Liabilities
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Short-Term To Long-Term Debt Ratio
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Short-Term Assets To Debt Ratio
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Long-Term Debt To Net Income Ratio
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Ownership
- Having Treasury Stock on the balance sheet is a hallmark of a company with a competitive advantage.
Basic Shares Outstanding
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Diluted Shares Outstanding
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Preferred Stock
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Treasury Stock Shares
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Stock Issuance & Repurchase
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- Return on Shareholders' Equity has been 195.12%, which is great.
Return On Shareholders' Equity
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Book Value
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Free Cash Flow
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Free Cash Flow YoY
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Free Cash Flow Margin
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