British American Tobacco (Malaysia) Berhad Future Growth

Future criteria checks 3/6

British American Tobacco (Malaysia) Berhad is forecast to grow earnings and revenue by 4.4% and 12.3% per annum respectively. EPS is expected to grow by 4.4% per annum. Return on equity is forecast to be 57.7% in 3 years.

Key information

4.4%

Earnings growth rate

4.4%

EPS growth rate

Tobacco earnings growth	7.1%
Revenue growth rate	12.3%
Future return on equity	57.7%
Analyst coverage	Low
Last updated	06 May 2024

Recent future growth updates

Recent updates

Here's Why Shareholders Should Examine British American Tobacco (Malaysia) Berhad's (KLSE:BAT) CEO Compensation Package More Closely

May 01

British American Tobacco (Malaysia) Berhad's (KLSE:BAT) Conservative Accounting Might Explain Soft Earnings

Feb 13

British American Tobacco (Malaysia) Berhad's (KLSE:BAT) Dividend Is Being Reduced To MYR0.15

Feb 08

British American Tobacco (Malaysia) Berhad's (KLSE:BAT) Shareholders Will Receive A Smaller Dividend Than Last Year

Feb 10

We Think British American Tobacco (Malaysia) Berhad (KLSE:BAT) Can Stay On Top Of Its Debt

Feb 03

British American Tobacco (Malaysia) Berhad (KLSE:BAT) Is Increasing Its Dividend To MYR0.25

Jul 25

British American Tobacco (Malaysia) Berhad's (KLSE:BAT) Dividend Is Being Reduced To RM0.17

May 30

British American Tobacco (Malaysia) Berhad's (KLSE:BAT) Shareholders May Want To Dig Deeper Than Statutory Profit

Feb 15

British American Tobacco (Malaysia) Berhad (KLSE:BAT) Is Increasing Its Dividend To RM0.26

Oct 30

Is It Time To Consider Buying British American Tobacco (Malaysia) Berhad (KLSE:BAT)?

May 12

Estimating The Fair Value Of British American Tobacco (Malaysia) Berhad (KLSE:BAT)

Apr 29

Does British American Tobacco (Malaysia) Berhad (KLSE:BAT) Have A Healthy Balance Sheet?

Mar 28

Is British American Tobacco (Malaysia) Berhad (KLSE:BAT) A Good Dividend Stock?

Mar 13

Would Shareholders Who Purchased British American Tobacco (Malaysia) Berhad's (KLSE:BAT) Stock Five Years Be Happy With The Share price Today?

Feb 26

Should You Be Impressed By British American Tobacco (Malaysia) Berhad's (KLSE:BAT) ROE?

Feb 11

British American Tobacco (Malaysia) Berhad's (KLSE:BAT) Intrinsic Value Is Potentially 26% Above Its Share Price

Jan 27

Could The British American Tobacco (Malaysia) Berhad (KLSE:BAT) Ownership Structure Tell Us Something Useful?

Jan 12

These 4 Measures Indicate That British American Tobacco (Malaysia) Berhad (KLSE:BAT) Is Using Debt Reasonably Well

Dec 28

Are Dividend Investors Getting More Than They Bargained For With British American Tobacco (Malaysia) Berhad's (KLSE:BAT) Dividend?

Dec 12

Earnings and Revenue Growth Forecasts

KLSE:BAT - Analysts future estimates and past financials data (MYR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	2,304	223	240	244	4
12/31/2025	2,367	214	258	257	5
12/31/2024	2,371	207	297	378	5
12/31/2023	1,038	195	395	397	N/A
9/30/2023	991	209	260	266	N/A
6/30/2023	1,051	225	417	426	N/A
3/31/2023	1,010	251	473	484	N/A
12/31/2022	1,141	263	363	374	N/A
9/30/2022	1,194	272	326	336	N/A
6/30/2022	1,140	276	216	224	N/A
3/31/2022	1,099	274	113	118	N/A
12/31/2021	1,144	285	29	35	N/A
9/30/2021	1,137	286	118	120	N/A
6/30/2021	1,151	271	140	142	N/A
3/31/2021	1,102	254	309	312	N/A
12/31/2020	1,017	242	193	196	N/A
9/30/2020	970	267	213	219	N/A
6/30/2020	927	286	187	194	N/A
3/31/2020	1,021	308	196	202	N/A
12/31/2019	1,161	346	324	331	N/A
9/30/2019	1,091	364	336	347	N/A
6/30/2019	1,242	427	419	435	N/A
3/31/2019	1,280	461	446	466	N/A
12/31/2018	1,297	469	474	494	N/A
9/30/2018	1,137	433	487	506	N/A
6/30/2018	1,136	433	395	418	N/A
3/31/2018	1,205	470	390	411	N/A
12/31/2017	1,316	493	348	372	N/A
9/30/2017	1,188	701	N/A	531	N/A
6/30/2017	1,386	764	N/A	383	N/A
3/31/2017	1,600	665	N/A	451	N/A
12/31/2016	1,873	721	N/A	606	N/A
9/30/2016	1,942	626	N/A	522	N/A
6/30/2016	2,172	675	N/A	833	N/A
3/31/2016	2,297	842	N/A	884	N/A
12/31/2015	2,550	910	N/A	980	N/A
9/30/2015	2,678	903	N/A	998	N/A
6/30/2015	2,726	887	N/A	977	N/A
3/31/2015	2,864	920	N/A	1,053	N/A
12/31/2014	2,744	902	N/A	978	N/A
9/30/2014	2,757	904	N/A	1,115	N/A
6/30/2014	2,719	882	N/A	985	N/A
3/31/2014	2,649	845	N/A	954	N/A
12/31/2013	2,591	823	N/A	818	N/A
9/30/2013	2,350	831	N/A	774	N/A
6/30/2013	2,339	797	N/A	761	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: BAT's forecast earnings growth (4.4% per year) is above the savings rate (3.6%).

Earnings vs Market: BAT's earnings (4.4% per year) are forecast to grow slower than the MY market (12.1% per year).

High Growth Earnings: BAT's earnings are forecast to grow, but not significantly.

Revenue vs Market: BAT's revenue (12.3% per year) is forecast to grow faster than the MY market (6.1% per year).

High Growth Revenue: BAT's revenue (12.3% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: BAT's Return on Equity is forecast to be very high in 3 years time (57.7%).

British American Tobacco (Malaysia) Berhad Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Price target decreased by 11% to RM8.56

Consensus EPS estimates fall by 10%

Price target decreased by 7.4% to RM9.78

Price target decreased by 7.1% to RM10.78

Consensus EPS estimates fall by 14%

Price target decreased by 9.0% to RM10.57

Recent updates

Here's Why Shareholders Should Examine British American Tobacco (Malaysia) Berhad's (KLSE:BAT) CEO Compensation Package More Closely

Now 20% undervalued after recent price drop

Full year 2023 earnings: EPS and revenues miss analyst expectations

British American Tobacco (Malaysia) Berhad, Annual General Meeting, May 08, 2024

Now 20% undervalued after recent price drop

Now 20% undervalued after recent price drop

British American Tobacco (Malaysia) Berhad's (KLSE:BAT) Conservative Accounting Might Explain Soft Earnings

Upcoming dividend of RM0.15 per share at 7.0% yield

Price target decreased by 11% to RM8.56

British American Tobacco (Malaysia) Berhad's (KLSE:BAT) Dividend Is Being Reduced To MYR0.15

Fourth quarter dividend of RM0.15 announced

Full year 2023 earnings released: EPS: RM0.68 (vs RM0.92 in FY 2022)

British American Tobacco (Malaysia) Berhad Declares Fourth Interim Dividend for the Financial Year Ended 31 December 2023, Payable on 5 March 2024

British American Tobacco (Malaysia) Berhad Announces Management Changes Effective 1 January 2024

Consensus EPS estimates fall by 10%

Upcoming dividend of RM0.19 per share at 9.3% yield

Price target decreased by 7.4% to RM9.78

Third quarter 2023 earnings released: EPS: RM0.21 (vs RM0.26 in 3Q 2022)

British American Tobacco (Malaysia) Berhad Declares a Third Interim Dividend in Respect of the Financial Year Ended 31 December 2023, Payable on 28 November 2023

British American Tobacco (Malaysia) Berhad(KLSE:BAT) dropped from FTSE All-World Index (USD)

Upcoming dividend of RM0.16 per share at 8.6% yield

Now 20% undervalued after recent price drop

Price target decreased by 7.1% to RM10.78

British American Tobacco (Malaysia) Berhad Declares Second Interim Dividend for the Financial Year Ended 31 December 2023, Payable on 22 August 2023

Second quarter 2023 earnings released: EPS: RM0.17 (vs RM0.26 in 2Q 2022)

British American Tobacco (Malaysia) Berhad Announces Resignation of Sharifah Thaherah Syed Taha as Company Secretary

Upcoming dividend of RM0.13 per share at 8.6% yield

Consensus EPS estimates fall by 14%

First quarter 2023 earnings released: EPS: RM0.14 (vs RM0.18 in 1Q 2022)

Price target decreased by 9.0% to RM10.57

British American Tobacco (Malaysia) Berhad Declares First Interim Dividend for the Financial Year Ended 31 December 2023, Payable on 26 June 2023

Now 21% undervalued after recent price drop

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Upcoming dividend of RM0.21 per share at 7.2% yield

British American Tobacco (Malaysia) Berhad's (KLSE:BAT) Shareholders Will Receive A Smaller Dividend Than Last Year

Full year 2022 earnings released: EPS: RM0.92 (vs RM1.00 in FY 2021)

British American Tobacco (Malaysia) Berhad Declares Fourth Interim Dividend in Respect of the Financial Year Ended 31 December 2022, Payable on 7 March 2023

We Think British American Tobacco (Malaysia) Berhad (KLSE:BAT) Can Stay On Top Of Its Debt

Upcoming dividend of RM0.25 per share

British American Tobacco (Malaysia) Berhad Announces Third Interim Dividend in Respect of the Financial Year Ending December 31, 2022, Payable on November 21, 2022

Third quarter 2022 earnings released: EPS: RM0.26 (vs RM0.28 in 3Q 2021)

Upcoming dividend of RM0.25 per share

British American Tobacco (Malaysia) Berhad (KLSE:BAT) Is Increasing Its Dividend To MYR0.25

Second quarter 2022 earnings released: EPS: RM0.26 (vs RM0.25 in 2Q 2021)

British American Tobacco (Malaysia) Berhad Announces Second Interim Dividend in Respect of the Financial Year Ending 31 December 2022, Payable on 18 Aug. 2022

Upcoming dividend of RM0.17 per share

British American Tobacco (Malaysia) Berhad's (KLSE:BAT) Dividend Is Being Reduced To RM0.17

First quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat

British American Tobacco (Malaysia) Berhad Announces First Interim Dividend, for the Financial Year Ended December 31, 2022, Payable on June 24, 2022

British American Tobacco (Malaysia) Berhad, Annual General Meeting, Apr 27, 2022

British American Tobacco (Malaysia) Berhad, Annual General Meeting, Apr 27, 2022

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

British American Tobacco (Malaysia) Berhad's (KLSE:BAT) Shareholders May Want To Dig Deeper Than Statutory Profit

Upcoming dividend of RM0.27 per share

Price target decreased to RM14.13

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

British American Tobacco (Malaysia) Berhad Announces Fourth Interim Dividend, Payable on March 4, 2022

High number of new directors

Upcoming dividend of RM0.26 per share

High number of new directors

British American Tobacco (Malaysia) Berhad (KLSE:BAT) Is Increasing Its Dividend To RM0.26

Third quarter 2021 earnings released: EPS RM0.28 (vs RM0.22 in 3Q 2020)

High number of new directors

High number of new directors

High number of new directors

High number of new directors

High number of new directors

High number of new directors

MD & Non-Independent Executive Director Jonathan Reed has left the company