Added to YB: 2024-06-25
Pitch date: 2024-06-22
BTI [bullish]
British American Tobacco p.l.c.
+98.7%
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 89.8B
Pitch Price
GBP 28.74
Price Target
25.65 (-55%)
Dividend
5.82%
EV/EBITDA
8.56
P/E
29.98
EV/Sales
4.71
Sector
Tobacco
Category
dividend
British American Tobacco (BTI - BATS)
BTI: Global tobacco giant, 80% revenue from combustibles. 2% rev CAGR, 27% net margin, 34% ROOC. Trades 7.3x P/E, 0.7x P/B. 9.8% div yield. NPV £25.65/share (+7% upside). Thesis: sin stock premium, temporary discount from impairment. Risks: declining industry, debt refinancing costs. New categories (vape, heated, oral) breakeven, hope for growth.
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