Full history for every metric is available with a Kvantra account
Key financial summary
Financials in GBP| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Total revenue | £bn | 25.8 | 25.7 | 27.7 | 27.3 | 25.9 | 25.6 | 25.8 | 26.2 |
| Operating profit | £bn | 10.00 | 9.70 | ||||||
| Net profit | £bn | 6.4 | 6.8 | 6.7 | -14.4 | 3.1 | 7.8 | 6.4 | 8.0 |
| EPS reported | £ | 3.49 | 2.90 | ||||||
| Operating cashflow per share | £ | 2.25 | 2.76 | ||||||
| Capex per share | £ | 0.25 | 0.27 | ||||||
| FCF per share | £ | 1.99 | 2.49 | ||||||
| Free cash flow | £bn | 4.36 | 5.40 | ||||||
| Net debt | £bn | 31.1 | 32.5 | ||||||
| Book value equity | £bn | 47.9 | 48.4 | ||||||
| Book value per share | £ | 21.79 | 22.23 | ||||||
| Number of shares | m | 2,199 | 2,176 | ||||||
| DPS (TTM paid) | £ | 2.40 | 2.44 |
Financial summary
Financials in GBP| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Value | |||||||||
| P/E TTM | x | 12.07 | - | ||||||
| P/B LTM | x | 1.92 | 1.87 | ||||||
| P/S LTM | x | 3.60 | 3.51 | ||||||
| P/FCF LTM | x | 21.13 | 16.76 | ||||||
| EV/EBITDA LTM | x | 8.83 | 9.91 | ||||||
| EV/Sales LTM | x | 4.85 | 4.77 | ||||||
| Earnings Yield LTM | % | 8.29% | 7.09% | ||||||
| FCF Yield | % | 4.73% | 5.97% | ||||||
| Quality | |||||||||
| ROE | % | 16.20% | 13.38% | ||||||
| ROIC | % | 8.02% | 7.62% | ||||||
| Operating margin | % | 39.04% | 37.62% | ||||||
| Gross margin | % | 83.50% | 60.16% | ||||||
| FCF/Sales | % | 17.03% | 20.94% | ||||||
| Growth and momentum | |||||||||
| EPS Growth YoY | % | +156.62% | +110.14% | ||||||
| Sales Growth YoY | % | -0.99% | +0.70% | ||||||
| Net Income Growth YoY | % | +153.06% | +111.56% | ||||||
| FCF Growth | % | -54.17% | -25.96% | ||||||
| Operating Profit Growth | % | +265.39% | +109.64% | ||||||
| Dividend and capital structure | |||||||||
| Dividend Yield | % | 5.68% | 5.81% | ||||||
| Dividend Growth | % | +2.00% | +2.00% | ||||||
| Payout Ratio | % | 68.25% | 67.47% | ||||||
| FCF/Debt | x | 0.12 | 0.15 | ||||||
| Net Debt/EBITDA | x | 2.27 | 2.62 | ||||||
| EBIT/Net interest | x | 5.19 | 5.83 | ||||||
| Net debt/market cap | % | 33.72% | 35.95% | ||||||
| Net debt/Equity | x | 0.65 | 0.67 | ||||||
| Gross debt/equity | x | 0.75 | 0.72 | ||||||
ETFs that hold British American Tobacco
| Fund | Ticker | Position# | Weight |
|---|---|---|---|
| Vanguard FTSE 100 UCITS ETF (GBP) Distributing | VUKE.L | 6 | 3.26% |
| iShares International Select Dividend ETF | IDV | 2 | 3.62% |
| Capital Group Dividend Growers ETF | CGDG | 8 | 1.75% |
| iShares MSCI Intl Value Factor ETF | IVLU | 6 | 1.54% |
| iShares Core FTSE 100 UCITS ETF GBP (Acc) | SXRW.DE | 7 | 3.38% |
| iShares MSCI United Kingdom ETF | EWU | 7 | 3.62% |
| iShares Edge MSCI Europe Value Factor UCITS ETF | IEVL.L | 3 | 3.29% |
| First Eagle Global Equity ETF | FEGE | 4 | 2.35% |
| Schwab International Dividend Equity ETF | SCHY | 2 | 4.13% |
| Amundi UK Equity All Cap UCITS ETF Dist | LCUK.L | 6 | 3.34% |
Funds with British American Tobacco among their ten largest holdings, largest fund first.
Ratings
Based on consensus from external analysts. Not Kvantra's opinion.
Company overview
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. The company offers vapour products; heated products, which consists of a battery-powered device and a plant-based substance consumable that is heated; modern oral products, such as nicotine pouches; combustibles, including cigarette sticks and other tobacco stick products; traditional oral products, such as snus and moist snuff; and fine cut/roll-your-own tobacco products. It sells its products under the Vuse, glo, Velo, Grizzly, Kodiak, Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Newport, Natural American Spirit, and Camel Snus brands, as well as Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, and State Express 555 brands. The company distributes its products to retail outlets. British American Tobacco p.l.c. was founded in 1902 and is headquartered in London, the United Kingdom.
Similar companies
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
British American Tobacco p.l.c. (BATS.L)
| Fund | Ticker | Position# | Weight |
|---|---|---|---|
| Vanguard FTSE 100 UCITS ETF (GBP) Distributing | VUKE.L | 6 | 3.26% |
| iShares International Select Dividend ETF | IDV | 2 | 3.62% |
| Capital Group Dividend Growers ETF | CGDG | 8 | 1.75% |
| iShares MSCI Intl Value Factor ETF | IVLU | 6 | 1.54% |
| iShares Core FTSE 100 UCITS ETF GBP (Acc) | SXRW.DE | 7 | 3.38% |
| iShares MSCI United Kingdom ETF | EWU | 7 | 3.62% |
| iShares Edge MSCI Europe Value Factor UCITS ETF | IEVL.L | 3 | 3.29% |
| First Eagle Global Equity ETF | FEGE | 4 | 2.35% |
| Schwab International Dividend Equity ETF | SCHY | 2 | 4.13% |
| Amundi UK Equity All Cap UCITS ETF Dist | LCUK.L | 6 | 3.34% |
Funds with British American Tobacco among their ten largest holdings, largest fund first.
Based on consensus from external analysts. Not Kvantra's opinion.
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. The company offers vapour products; heated products, which consists of a battery-powered device and a plant-based substance consumable that is heated; modern oral products, such as nicotine pouches; combustibles, including cigarette sticks and other tobacco stick products; traditional oral products, such as snus and moist snuff; and fine cut/roll-your-own tobacco products. It sells its products under the Vuse, glo, Velo, Grizzly, Kodiak, Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Newport, Natural American Spirit, and Camel Snus brands, as well as Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, and State Express 555 brands. The company distributes its products to retail outlets. British American Tobacco p.l.c. was founded in 1902 and is headquartered in London, the United Kingdom.
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