A Business at a Glance
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BRITISH AMERICAN TOBACCO P.L.C. operates in the Tobacco industry, Consumer Defensive sector. Full business description from SEC filing not yet available.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 33.8B | 33.8B | 33.1B | 34.1B | 34.1B | 35.3B |
| Net Income | 10.2B | 10.2B | 3.9B | -17.9B | 8.4B | 9.6B |
| EPS | $4.61 | $4.61 | $1.74 | $-8.07 | $3.60 | $4.06 |
| Free Cash Flow | 7.8B | 7.8B | 12.5B | 13.0B | 12.2B | 12.6B |
| ROIC | 10.2% | 9.3% | 2.7% | -10.3% | 5.4% | - |
| Gross Margin | 82.6% | 82.6% | 82.4% | 83.3% | - | - |
| Debt/Equity | 0.76 | 0.76 | 0.77 | 0.95 | 0.79 | - |
| Dividends/Share | $3.13 | $3.17 | $3.01 | $2.94 | $2.85 | $2.87 |
| Operating Income | 13.2B | 13.2B | 3.5B | -19.7B | 13.0B | 14.1B |
| Operating Margin | 39.0% | 39.0% | 10.6% | -57.7% | 38.1% | 39.8% |
| ROE | 16.9% | 16.8% | 6.2% | -22.5% | 9.0% | - |
| Shares Outstanding | 2,212M | 2,212M | 2,244M | 2,222M | 2,334M | 2,349M |
| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||
| Revenue | 32.6B | 33.1B | 33.2B | 35.3B | 34.1B | 34.1B | 33.1B | 33.8B | 33.8B |
| Gross Margin | N/A | N/A | N/A | N/A | N/A | 83.3% | 82.4% | 82.6% | 82.6% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | N/A | N/A | N/A | N/A | N/A | N/A | 23.8B | 14.7B | 14.7B |
| EBIT | 12.4B | 11.5B | 12.8B | 14.1B | 13.0B | -19.7B | 3.5B | 13.2B | 13.2B |
| Op. Margin | 38.0% | 34.8% | 38.6% | 39.8% | 38.1% | -57.7% | 10.6% | 39.0% | 39.0% |
| Net Income | 8.3B | 7.5B | 8.5B | 9.6B | 8.4B | -17.9B | 3.9B | 10.2B | 10.2B |
| Net Margin | 25.4% | 22.6% | 25.5% | 27.2% | 24.8% | -52.7% | 11.9% | 30.3% | 30.3% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||
| ROIC | N/A | N/A | 5.7% | N/A | 5.4% | -10.3% | 2.7% | 9.3% | 10.2% |
| ROE | N/A | N/A | 10.4% | N/A | 9.0% | -22.5% | 6.2% | 16.8% | 16.9% |
| ROA | 19406.2% | 17632.7% | 9.5% | 10.8% | 11717.2% | N/A | 5.2% | 6.9% | 7.1% |
| Cash Flow | |||||||||
| Op. Cash Flow | 13.7B | 11.5B | 12.6B | 13.4B | 12.8B | 13.4B | 13.0B | 8.4B | 8.4B |
| Free Cash Flow | 12.7B | 10.6B | 12.0B | 12.6B | 12.2B | 13.0B | 12.5B | 7.8B | 7.8B |
| Owner Earnings | 12.3B | 9.6B | 10.7B | 11.9B | 11.2B | 13.4B | 9.0B | 5.0B | 5.0B |
| CapEx | 1.0B | 848M | 659M | 724M | 645M | 398M | 466M | 525M | 525M |
| Maint. CapEx | 1.4B | 1.9B | 1.9B | 1.5B | 1.6B | 0 | 4.0B | 3.4B | 3.4B |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | N/A | 0 | 0 | 0 |
| D&A | 1.4B | 1.9B | 1.9B | 1.5B | 1.6B | 0 | 4.0B | 3.4B | 3.4B |
| CapEx/OCF | 7.4% | 7.4% | 5.2% | 5.4% | 5.0% | 3.0% | 3.6% | 6.3% | 6.3% |
| Capital Allocation | |||||||||
| Dividends Paid | 5.8B | 5.9B | 6.1B | 6.7B | 6.1B | 6.3B | 6.7B | 6.9B | 6.9B |
| Dividend Yield | 4.9% | 6.8% | 7.0% | 7.7% | 6.4% | 8.4% | 9.0% | 6.5% | 7.2% |
| Share Buybacks | 185M | 149M | 0 | 0 | 0 | 137M | 120M | 81M | 81M |
| Buyback Yield | 0.2% | 0.1% | 0.0% | 0.0% | 0.0% | 0.2% | 0.1% | 0.1% | 0.1% |
| Stock-Based Comp | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt Repayment | 7.4B | 7.2B | 13.7B | 6.7B | 3.8B | 8.4B | 6.2B | 5.2B | 5.2B |
| Balance Sheet | |||||||||
| Net Debt | N/A | 74.1B | 72.3B | 75.4B | 69.7B | 56.7B | 40.5B | 41.2B | 41.2B |
| Cash & Equiv. | N/A | N/A | 4.0B | N/A | 4.2B | 5.8B | 6.8B | 5.1B | 5.1B |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | 41.8B | 41.9B | 41.9B |
| Debt/Equity | N/A | N/A | 0.94 | N/A | 0.79 | 0.95 | 0.77 | 0.76 | 0.76 |
| Interest Coverage | N/A | N/A | 5.7 | 6.9 | 6.4 | -8.3 | 1.6 | 6.1 | 6.1 |
| Equity | N/A | N/A | 81.1B | N/A | 93.3B | 66.1B | 61.4B | 60.8B | 60.8B |
| Total Assets | 43M | 42M | 177.5B | 177M | -33M | -16M | 152.1B | 144.3B | 144.3B |
| Total Liabilities | N/A | N/A | 96.3B | N/A | 95.9B | 82.1B | 88.1B | 80.7B | 80.7B |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | 120.6B | 114.8B | 114.8B |
| Retained Earnings | N/A | 51.4B | 54.2B | 60.8B | 54.3B | 30.6B | 27.6B | 30.3B | 30.3B |
| Working Capital | N/A | -7.1B | -2.4B | -3.2B | -3.0B | -1.9B | -5.7B | -2.4B | -2.4B |
| Current Assets | N/A | 17.0B | 17.5B | 17.6B | 19.0B | 17.7B | 18.3B | 16.7B | 16.7B |
| Current Liabilities | N/A | 24.0B | 19.9B | 20.8B | 22.0B | 19.6B | 24.0B | 19.2B | 19.2B |
| Per Share Data | |||||||||
| EPS | 3.50 | 3.18 | 3.59 | 4.06 | 3.60 | -8.07 | 1.74 | 4.61 | 4.61 |
| Owner EPS | 5.24 | 4.08 | 4.58 | 5.06 | 4.80 | 6.02 | 4.00 | 2.26 | 2.26 |
| Book Value | 37.17 | 34.99 | 34.61 | 39.44 | 39.98 | 29.73 | 27.34 | 27.47 | 27.47 |
| Cash Flow/Share | 5.82 | 4.91 | 5.38 | 5.69 | 5.49 | 6.02 | 5.77 | 3.78 | 6.15 |
| Dividends/Share | 2.46 | 2.51 | 2.61 | 2.87 | 2.85 | 2.94 | 3.01 | 3.17 | 3.13 |
| Shares Out. | 2.4B | 2.3B | 2.3B | 2.3B | 2.3B | 2.2B | 2.2B | 2.2B | 2.2B |
| Valuation | |||||||||
| P/E Ratio | 9.3 | 13.5 | 10.4 | 9.1 | 11.2 | -3.6 | 20.8 | 12.4 | 9.4 |
| P/FCF | 6.0 | 9.4 | 7.3 | 6.9 | 7.7 | 5.0 | 6.5 | 16.1 | 12.3 |
| EV/EBIT | N/A | 15.1 | 12.4 | 11.6 | 12.6 | N/A | 34.7 | 12.7 | 10.4 |
| Price/Book | 0.9 | 1.2 | 1.1 | 0.9 | 1.0 | 1.0 | 1.3 | 2.1 | 1.6 |
| Price/Sales | 2.4 | 3.0 | 2.6 | 2.5 | 2.7 | 1.9 | 2.5 | 3.7 | 2.8 |
| FCF Yield | 16.5% | 10.6% | 13.7% | 14.5% | 13.0% | 20.0% | 15.4% | 6.2% | 8.2% |
| Market Cap | 76.7B | 100.3B | 87.2B | 87.2B | 93.7B | 64.8B | 81.1B | 126.2B | 96.2B |
| Avg. Price | 50.40 | 37.01 | 37.26 | 37.18 | 40.76 | 33.90 | 33.02 | 47.85 | 43.48 |
| Year-End Price | 32.61 | 42.83 | 37.21 | 37.12 | 40.13 | 29.18 | 36.13 | 57.05 | 43.48 |
BRITISH AMERICAN TOBACCO P.L.C. passes 5 of 9 quality checks, suggesting mixed fundamentals.
BRITISH AMERICAN TOBACCO P.L.C. trades at 9.4x trailing earnings, compared to its 15-year median P/E of 11.2x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 12.3x vs a median of 7.1x. The company's 5-year average ROIC is 1.8% with a gross margin of 82.8%. Total shareholder yield (dividends) is 7.3%. At current prices, the estimated annualized return to fair value is -0.0%.
BRITISH AMERICAN TOBACCO P.L.C. (BATS-L) has a current P/E ratio of 9.4, compared to its historical median P/E of 11.2. The stock is currently considered Fair based on its historical valuation range.
BRITISH AMERICAN TOBACCO P.L.C. (BATS-L) has a 5-year average return on invested capital (ROIC) of 1.8%. This is below average and may indicate limited pricing power.
BRITISH AMERICAN TOBACCO P.L.C. (BATS-L) has a market capitalization of $96.2B. It is classified as a large-cap stock.
Yes, BRITISH AMERICAN TOBACCO P.L.C. (BATS-L) pays a dividend with a trailing twelve-month yield of 7.19%. The company also returns capital through share buybacks, with a buyback yield of 0.08%.
Based on historical P/E analysis, BRITISH AMERICAN TOBACCO P.L.C. (BATS-L) appears fair. The current P/E of 9.4 is 15% below its historical median of 11.2. The estimated fair value CAGR (P/E method) is -3.3%.
BRITISH AMERICAN TOBACCO P.L.C. (BATS-L) operates in the Tobacco industry, within the Consumer Defensive sector.
BRITISH AMERICAN TOBACCO P.L.C. (BATS-L) reported annual revenue of $33.8 billion in its most recent fiscal year, based on SEC EDGAR filings.
BRITISH AMERICAN TOBACCO P.L.C. (BATS-L) has a net profit margin of 30.3%. This is a strong margin indicating high profitability.
BRITISH AMERICAN TOBACCO P.L.C. (BATS-L) generated $7.8 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
BRITISH AMERICAN TOBACCO P.L.C. (BATS-L) has a debt-to-equity ratio of 0.76. This indicates moderate leverage.
BRITISH AMERICAN TOBACCO P.L.C. (BATS-L) reported earnings per share (EPS) of $4.61 in its most recent fiscal year.
BRITISH AMERICAN TOBACCO P.L.C. (BATS-L) has a return on equity (ROE) of 16.8%. This indicates the company generates strong returns for shareholders.
BRITISH AMERICAN TOBACCO P.L.C. (BATS-L) has a 5-year average gross margin of 82.8%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 8 years of financial data for BRITISH AMERICAN TOBACCO P.L.C. (BATS-L), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
BRITISH AMERICAN TOBACCO P.L.C. (BATS-L) has a book value per share of $27.47, based on its most recent annual SEC filing.