Professional
Added to YB: 2024-04-18
Pitch date: 2024-04-11
BTI [bullish]
British American Tobacco p.l.c.
+106.55%
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 Americas, Europe, the Asia-Pacific, the Middle East, Africa, and the United States.
Market Cap
GBP 89.8B
Pitch Price
GBP 20.52
Price Target
40.00 (-6%)
Dividend
5.82%
EV/EBITDA
8.56
P/E
29.98
EV/Sales
4.71
Sector
Tobacco
Category
dividend
Moon Capital Management New Portfolio Holding: British American Tobacco p.l.c.
BTI: Robust FCF growth despite regulatory challenges. 10% div yield, 16% FCF yield (20%+ ex-ITC stake). Expects £40B FCF over 5yrs. Deleveraging nearly complete, buybacks to ramp. New Categories profitable 2yrs early, growing 30% annually. $40 PT (6x earnings) with upside from mix shift & re-rating potential.
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