Added to YB: 2026-01-12
Pitch date: 2026-01-08
BTI [neutral]
British American Tobacco p.l.c.
+2.77%
current return
Author Info
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Company Info
British American Tobacco p.l.c. provides tobacco and nicotine products to consumers in the Americas, Europe, the Asia-Pacific, the Middle East, Africa, and the United States.
Market Cap
GBP 88.2B
Pitch Price
GBP 40.08
Price Target
N/A
Dividend
5.92%
EV/EBITDA
8.44
P/E
29.49
EV/Sales
4.65
Sector
Tobacco
Category
value
Enterprising Investor 2025 Portfolio Update: British American Tobacco p.l.c.
BTI (trimmed position): Bought 2021-2024 on ESG pressures, declining cigarette volumes, heavy debt from RJ Reynolds acquisition. Thesis: volume declines stabilize, pricing power protects margins, high dividend yield attractive. Volume declines steeper than expected but offset by price increases. Maintained dividend, reduced debt, initiated buybacks. Stock rallied above fair value estimate.
Read full article (1 min)