MO Altria
too hard · 92
Owner-earnings value$72.20
Price$75.11
Margin of safety
-3.9%
Quality gate · 92/100
⚠ negative book equity
Median ROIC37.3%
Gross margin72.2%
Net debt / EBITDA1.8x
FCF conversion108%
Share count / yr-2.1%
Profitable years4/4
Moat & management
Owner-earnings inputs
| Owner earnings (TTM) | 7.97B |
| Owner-earnings yield | 6.4% |
| Free-cash-flow yield | 7.3% |
| Growth used (normalized) | 0.0% |
| Market-implied growth (reverse DCF) | 0.9% |
| Terminal growth | 3.0% |
| Discount rate (hurdle) | 9.0% |
Projected owner earnings
| Yr | Owner earnings | Growth | PV |
|---|---|---|---|
| 1 | 7.97B | 0.0% | 7.31B |
| 2 | 8.00B | 0.3% | 6.73B |
| 3 | 8.05B | 0.7% | 6.22B |
| 4 | 8.13B | 1.0% | 5.76B |
| 5 | 8.24B | 1.3% | 5.36B |
| 6 | 8.38B | 1.7% | 5.00B |
| 7 | 8.55B | 2.0% | 4.68B |
| 8 | 8.75B | 2.3% | 4.39B |
| 9 | 8.98B | 2.7% | 4.13B |
| 10 | 9.25B | 3.0% | 3.91B |
⚠ maintenance capex ≈ min(capex, D&A), capped at FCF · Price pays for ~1%/yr owner-earnings growth over 10y (reverse DCF); model credits 0%.