Consumer Defensive · NYSE/NASDAQ: MO
ALTRIA GROUP, INC.
Tobacco
Market Cap $116.21B
Verdict: Average
Quality Scores
Multi-Bagger
35/100
Compounder Quality
74/100
Management Credibility
68/100
Governance
78/100
Cash Flow Quality
92/100
AI Summary
Altria Group, Inc. (MO) is a legacy market leader in the U.S. tobacco industry, characterized by high-margin smokeable products and a transition toward smoke-free alternatives. Over the last decade, the company has maintained remarkably consistent operating income despite declining cigarette volumes, utilizing significant pricing power to offset consumption drops. The financial profile is bifurcated by a massive divergence between accounting net income and robust operating cash flows. While the core Marlboro business remains a dominant cash cow, the balance sheet has been severely impacted by…
Top Opportunities
- Extraordinary pricing power in Marlboro brand
- Relentless dividend growth (Dividend King status)
- Best-in-class operating margins (>45%)
Top Risks
- Consistent annual cigarette volume declines of 5-10%
- Regulatory threat from potential FDA menthol ban
- Negative total shareholder equity for several years
Latest report: Read the annual report summary →
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