The Dividend Idea

(A Snapshot of attractive Dividend Stocks)

- By Dividend Yield - Stock, Capital, Investment -

47/2012
(2012-11-24)

The Dividend Idea

- By Dividend Yield - Stock, Capital, Investment -

Content:
1.

Summary

2.

Price Facts

3.

Long-Term Price Ratios And Margins

4.

Income Statement

5.

Balance Sheet

6.

Cash Flow Statement

7.

Peer-Fact Sheet

By Dividend Yield - Stock, Capital, Investment

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The Dividend Idea

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Company Summary:
Altria Group, Inc. is a holding company. As of December 31, 2011, Altria
Group, Inc.s wholly owned subsidiaries included Philip Morris USA Inc. (PM
USA), which is engaged in the manufacture and sale of cigarettes and certain
smokeless products in the United States; UST LLC (UST), which through its
direct and indirect wholly owned subsidiaries including U.S. Smokeless Tobacco Company LLC (USSTC) and Ste. Michelle Wine Estates Ltd. (Ste. Michelle), is engaged in the manufacture and sale of smokeless products and
wine; and John Middleton Co. (Middleton), which is engaged in the manufacture and sale of machine-made large cigars and pipe tobacco. Philip Morris
Capital Corporation (PMCC), another wholly owned subsidiary of the Company, maintains a portfolio of leveraged and direct finance leases. As of December 31, 2011, Altria Group, Inc.s segments included cigarettes, smokeless products, cigars, wine and financial services.

2,140

2,120

2,080
2,060

2,040
2,020

2,000

1,980
2002-12

2004-12

2006-12

Earnings Per Share USD

2008-12

2010-12

Dividends USD

TTM

Shares Mil

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Shares in million

EPS Data in USD

2,100

The Dividend Idea

- By Dividend Yield - Stock, Capital, Investment -

Price Facts

NYSE:MO

Stock Price
33.48

Estimated Value*
28.00

Potential
-16.37%

Rating Points**
9/10

Size
Large Cap

Category
Value
Dividend Champion

Sector
Consumer Goods

Industry
Cigarettes
Tobacco

P/E
Fwd P/E
P/S
P/B
Dividend Yield
PEG
PEG Payback
EV/EBITDA
Market Capitalization
EBITDA TTM

17.44
14.13
2.77
17.62
5.26%
2.6
10.5
10.44
67.76B
7.61B

# Yrs Dividend Growth

Dividend Growth Rate 1Y
Dividend Growth Rate 3Y
Dividend Growth Rate 5Y
Dividend Growth Rate 10Y
EPS Last 10 Years
Dividends Paid Past 10Y
Payout
Cash MRQ
Debt MRQ

44
9.20%
10.20%
15.00%
11.60%
37.02
23.37
92.0%
2.19B
13.88B

* Estimated By Morningstar

** Rated By StockScouter

64
32
16
8
4
2
1
12/03

12/05

AVG P/E

12/07

PRICE/ SALES

12/09

PRICE/ BOOK

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12/11

The Dividend Idea

- By Dividend Yield - Stock, Capital, Investment -

Margin
Year

PRICE/
SALES
2.57
2.1
1.73
1.62
8.56
9.61
2.45
1.41
1.36
1.08

PRICE/
BOOK
16.47
9.9
10.02
10.98
8.43
4.54
4.36
4.1
4.42
4.24

BOOK
VALUE
1.8
2.49
1.96
1.37
8.97
18.89
17.13
9.55
0
0

DEBT/
EQUITY
3.72
2.35
2.94
2.64
0.25
0.21
0.68
1.2
0
0

Operating
Margin in %
36.50
36.90
32.50
30.60
34.80
24.80
24.10
23.70
26.20
26.70

Net Profit
in %
14.20
16.00
13.60
15.90
16.80
16.90
12.80
10.50
11.20
13.80

ROE in %

ROA in %

12/11
12/10
12/09
12/08
12/07
12/06
12/05
12/04
12/03
12/02

AVG
P/E
16.2
11.8
11.3
22.6
50.4
51
17.5
11.5
9.2
9.2

76.42
84.33
92.97
46.11
33.64
31.92
31.42
33.75
41.32
56.79

9.20
10.40
8.70
11.40
5.40
3.10
7.60
12.60
0.00
0.00

Average

21.07

3.25

7.75

6.22

1.40

29.68

14.17

52.87

6.84

100
80
60
40

20
0
2002-12

2004-12

2006-12

2008-12

2010-12

-20
Gross Margin %

Operating Margin %

Return on Equity %

Return on Invested Capital %

By Dividend Yield - Stock, Capital, Investment

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TTM

The Dividend Idea

- By Dividend Yield - Stock, Capital, Investment Income Statement
Fiscal year ends in December. USD in millions except per share data.
2007-12 2008-12
Revenue
38,051
15,957
Cost of revenue
16,547
8,270
Gross profit
21,504
7,687
Sales, General and administrative
7,805
2,753
Total operating expenses
8,269
2,805
Operating income
13,235
4,882
Interest Expense
653
237
Other income (expense)
438
144
Income before taxes
13,020
4,789
Provision for income taxes
4,096
1,699

2009-12
16,824
7,990
8,834
2,931
3,372
5,462
1,189
604
4,877
1,669

2010-12
16,892
7,704
9,188
2,904
2,960
6,228
1,136
631
5,723
1,816

2011-12
16,619
7,680
8,939
2,643
2,871
6,068
1,220
734
5,582
2,189

TTM
17,386
N/A
17,386
N/A
N/A
17,386
N/A
-11,484
5,902
1,987

Other income
Net income from continuing operations
Net income
Net income available to common shareholders

237
9,161
9,786
9,786

0
3,090
4,930
4,930

0
3,208
3,206
3,206

0
3,907
3,905
3,905

-3
3,390
3,390
3,390

-2
3,913
3,913
3,913

Basic
Diluted
Basic
Diluted

4.66
4.62
2,100
2,118

2.38
2.36
2,075
2,087

1.55
1.54
2,066
2,071

1.87
1.87
2,077
2,079

1.64
1.64
2,064
2,064

1.93
1.93
2,032
2,032

80,000
70,000
60,000
50,000

40,000
30,000
20,000
10,000
0
-10,000 2002-12

2004-12

2006-12

Revenue USD Mil

2008-12

2010-12

Operating Income USD Mil

Net Income USD Mil

By Dividend Yield - Stock, Capital, Investment
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TTM

The Dividend Idea

- By Dividend Yield - Stock, Capital, Investment Balance Sheet
Fiscal year ends in December. USD in millions except per share data.
2007-12
2008-12
Cash and cash equivalents
6,498
7,916
Total cash
6,498
7,916
Inventories
10,571
1,069
Gross property, plant and equipment
17,311
5,344
Accumulated Depreciation
-8,454
-3,145
Net property, plant and equipment
8,857
2,199
Goodwill
8,001
77
Intangible assets
4,953
3,039
Other long-term assets
12,510
6,563
Total non-current assets
34,321
16,139
Long-term debt
7,963
7,339
Other long-term liabilities
4,819
1,310
Total non-current liabilities
19,875
17,245
Total liabilities
38,657
24,387
Additional paid-in capital
6,884
6,350
Retained earnings
34,426
22,131
Treasury stock
-23,454
-24,407
Accumulated other comprehensive income
-237
-2,181
Total stockholders' equity
18,554
2,828
Total liabilities and stockholders' equity
57,211
27,215

2009-12
1,871
1,871
1,810
6,144
-3,460
2,684
5,174
12,138
5,928
30,904
11,185
1,382
24,616
32,608
5,997
22,599
-23,901
-1,561
4,069
36,677

2010-12
2,314
2,314
1,803
5,150
-2,770
2,380
5,174
12,118
6,382
31,421
12,194
4,962
25,370
32,210
5,751
23,459
-23,469
-549
5,192
37,402

2011-12
3,270
3,270
1,779
4,728
-2,512
2,216
5,174
12,098
4,834
29,831
13,089
964
25,639
33,282
5,674
23,583
-24,625
-1,887
3,680
36,962

Assets in % of Balance Sheet

60
50

40
30
20
10
0
2002-12

2004-12

2006-12

Cash & Short-Term Investments

Short-Term Debt
Total Stockholders' Equity

2008-12

2010-12

Intangibles
Long-Term Debt

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TTM

The Dividend Idea

- By Dividend Yield - Stock, Capital, Investment Cash Flow Statement
Fiscal year ends in December. USD in millions except per share data.
2007-12 2008-12

2009-12

2010-12

2011-12

TTM

Net income
Net cash provided by operating activities
Investments in property, plant, and equipment
Net cash used for investing activities

9,786
10,304
-1,458
-5,255

4,930
4,881
-241
479

3,208
3,443
-273
-9,764

3,907
2,767
-168
259

3,393
3,613
-105
387

3,915
3,169
-107
941

Debt issued
Debt repayment
Common stock repurchased
Dividend paid
Other financing activities
Net cash provided by (used for) financing activities

0
0
0
-6,652
2,550
-3,679

6,738
-4,103
-1,166
-1,409
-2,734
-2,585

4,221
-1,257
0
-2,693
-84
276

1,007
-781
0
-2,958
45
-2,583

1,494
-24
-1,327
-3,222
6
-3,044

2,787
-2,624
-922
-3,351
-857
-4,967

Net change in cash

Cash at beginning of period
Cash at end of period

1,717
4,781
6,498

2,649
4,842
7,491

-6,045
7,916
1,871

443
1,871
2,314

956
2,314
3,270

-857
3,043
2,186

Operating cash flow

Capital expenditure
Free cash flow

10,304
-1,458
8,846

4,881
-241
4,640

3,443
-273
3,170

2,767
-168
2,599

3,613
-105
3,508

3,169
-107
3,062

16,000

14,000
12,000
10,000

8,000
6,000
4,000

2,000
0
-2,000 2002-12

2004-12

2006-12

2008-12

2010-12

-4,000
Operating Cash Flow USD Mil

Cap Spending USD Mil

Free Cash Flow USD Mil

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TTM

The Dividend Idea

- By Dividend Yield - Stock, Capital, Investment Company
Philip Morris International, Inc.
British American Tobacco plc
Altria Group Inc.
Reynolds American Inc.
Lorillard, Inc.
Vector Group Ltd.

Ticker
PM
BTI
MO
RAI
LO
VGR

Mcap
151.03B
100.24B
67.80B
24.08B
15.96B
1.41B

P/E
18.08
20.33
17.44
16.32
14.76
64.92

P/B
8.82
17.62
4.20
-

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P/S
1.97
4.09
2.77
2.90
2.44
1.28

Yield
3.76%
4.07%
5.26%
5.48%
5.03%
9.39%

The Dividend Idea

- By Dividend Yield - Stock, Capital, Investment -