Professional
Added to YB: 2023-12-12
Pitch date: 2023-12-12
BTI [bullish]
British American Tobacco p.l.c.
+118.4%
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 19.40
Price Target
N/A
Dividend
5.82%
EV/EBITDA
8.56
P/E
29.98
EV/Sales
4.71
Sector
Tobacco
Category
value
Bireme Capital on $BAT
$BTI: Undervalued tobacco giant at 8x FCF; 40% 5yr drop due to ESG headwinds; strong cig & growing NGP brands (Vuse, Glo, Velo); expects £5B NGP rev by '25 w/ high margins; regulatory risk mitigated by global presence; 30% ITC stake undervalued; current misapprehension = attractive entry & high div yield.
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