Philip Morris International exhibits solid long-term price appreciation over the past year alongside high margins and strong free cash flow generation, while near-term performance over six months has been negative. The balance sheet shows negative equity and substantial long-term debt, which contrasts with growing operating cash flow and modest revenue and earnings growth. Technical indicators currently lean moderately constructive, with price above key moving averages and an RSI in a mid-range zone, but elevated short volume on the latest day points to active short-term positioning.