Added to YB: 2024-02-20
Pitch date: 2024-02-19
BTI [bullish]
British American Tobacco p.l.c.
+120.93%
current return
Author Info
No bio for this author
Company Info
British American Tobacco p.l.c. provides tobacco and nicotine products to consumers in the United States, Europe, Latin America, Canada, the Asia-Pacific, the Middle East, Central Asia, Caucasus, and Africa.
Market Cap
GBP 94.2B
Pitch Price
GBP 20.25
Price Target
45.75 (+2%)
Dividend
5.64%
EV/EBITDA
9.29
P/E
12.44
EV/Sales
4.91
Sector
Tobacco
Category
value
Bireme Capital's Evan Tindell on British American Tobacco $BTI and Tobacco's Inflection Point
BTI: Undervalued tobacco giant w/ 50% upside by 2030. Brands like Camel, Lucky Strike drive revenue despite volume declines. Trades at 7x earnings on menthol ban & nicotine product competition fears, but 'Next Gen' segment (vapes, pouches) promise, could be 50% of revenue by 2030. 29% ITC stake is 25-30% of market cap, could reduce debt. 60-70% FCF paid as dividend.
Read full article (37 min)