Professional
Added to YB: 2024-07-04
Pitch date: 2024-06-25
BTI [bullish]
British American Tobacco p.l.c.
+100.75%
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 28.44
Price Target
49.00 (-14%)
Dividend
5.82%
EV/EBITDA
8.56
P/E
29.98
EV/Sales
4.71
Sector
Tobacco
Category
value
British American Tobacco p.l.c.: Reaffirming Our Wide Moat and Fair Value Estimates; Shares Undervalued
BTI: Wide moat, $49 PT. Next-gen products to benefit growth, but less than PMI. Cigarette price hikes offsetting volume declines. 11.5x P/E, 8x EV/EBITDA, 6% yield. 1% rev growth, 44% op margin by 2028. Risks: Weak heated tobacco position, currency exposure. Upside: US market strength, global diversification. 1.5% med-term growth assumed.
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