British American Tobacco logo
BATS logo

British American TobaccoLSE:BATS Stock Report

Market Cap UK£66.7b
Share Price
n/a
1Y27.4%
7D-1.9%
Portfolio Value
​
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British American Tobacco p.l.c.

LSE:BATS Stock Report

Market Cap: UK£66.7b

BATS Stock Overview

Provides tobacco and nicotine products to consumers in the Americas, Europe, the Asia-Pacific, the Middle East, Africa, and the United States. More details

BATS fundamental analysis
Snowflake Score
Valuation3/6
Future Growth2/6
Past Performance1/6
Financial Health2/6
Dividends4/6

Rewards

Trading at 50.2% below our estimate of its fair value

Earnings are forecast to grow 15.76% per year

Became profitable this year

Risk Analysis

Dividend of 7.92% is not well covered by earnings

Has a high level of debt

Large one-off items impacting financial results


Community vs My Fair Value

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BATS logo
British American Tobacco
EV
evd101
Community Contributor

British American Tobacco: Navigating a Complex Transition That Warrants a High Fair Value

Management Summary / Key Takeaways British American Tobacco (BAT) is undergoing a strategic transformation that warrants a more optimistic forward-looking analysis than many observers currently provide. Key features of BAT's complex transition include: Dual focus on diversification and careful claims management, balancing the shift away from traditional tobacco while managing legal challenges.
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UK£59.46
FV
49.0% undervalued intrinsic discount
14.00%
Revenue growth p.a.
25users have liked this narrative
0users have commented on this narrative
32users have followed this narrative
4 months ago author updated this narrative
View British American Tobacco Community

My Notes

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British American Tobacco p.l.c. Competitors

Imperial Brands

LSE:IMB

UK£22.6b

Diageo

LSE:DGE

UK£47.2b

Altria Group

NYSE:MO

US$90.4b

Associated British Foods

LSE:ABF

UK£13.6b

Price History & Performance

Summary of share price highs, lows and changes for British American Tobacco
Historical stock prices
Current Share PriceUK£30.35
52 Week HighUK£34.16
52 Week LowUK£22.52
Beta0.31
1 Month Change2.78%
3 Month Change2.22%
1 Year Change27.41%
3 Year Change-6.02%
5 Year Change-4.03%
Change since IPO626.95%

Recent News & Updates

Recent updates

British American Tobacco's (LON:BATS) Returns On Capital Are Heading Higher

Feb 06
British American Tobacco's (LON:BATS) Returns On Capital Are Heading Higher

British American Tobacco p.l.c. (LON:BATS) Not Lagging Industry On Growth Or Pricing

Dec 27
British American Tobacco p.l.c. (LON:BATS) Not Lagging Industry On Growth Or Pricing

British American Tobacco (LON:BATS) Shareholders Will Want The ROCE Trajectory To Continue

Oct 14
British American Tobacco (LON:BATS) Shareholders Will Want The ROCE Trajectory To Continue

British American Tobacco (LSE:BATS) Appoints New Chief Corporate Officer, Affirms Dividend Amid Growth

Sep 18
British American Tobacco (LSE:BATS) Appoints New Chief Corporate Officer, Affirms Dividend Amid Growth

Does British American Tobacco (LON:BATS) Have A Healthy Balance Sheet?

Sep 16
Does British American Tobacco (LON:BATS) Have A Healthy Balance Sheet?

Investors Holding Back On British American Tobacco p.l.c. (LON:BATS)

Aug 26
Investors Holding Back On British American Tobacco p.l.c. (LON:BATS)

The Return Trends At British American Tobacco (LON:BATS) Look Promising

Jun 20
The Return Trends At British American Tobacco (LON:BATS) Look Promising

British American Tobacco (LON:BATS) Has A Pretty Healthy Balance Sheet

May 30
British American Tobacco (LON:BATS) Has A Pretty Healthy Balance Sheet

Investors Still Waiting For A Pull Back In British American Tobacco p.l.c. (LON:BATS)

May 08
Investors Still Waiting For A Pull Back In British American Tobacco p.l.c. (LON:BATS)

British American Tobacco (LON:BATS) Is Looking To Continue Growing Its Returns On Capital

Mar 05
British American Tobacco (LON:BATS) Is Looking To Continue Growing Its Returns On Capital

Shareholder Returns

BATSGB TobaccoGB Market
7D-1.9%-2.0%-1.2%
1Y27.4%31.0%10.0%

Return vs Industry: BATS underperformed the UK Tobacco industry which returned 31% over the past year.

Return vs Market: BATS exceeded the UK Market which returned 10% over the past year.

Price Volatility

Is BATS's price volatile compared to industry and market?
BATS volatility
BATS Average Weekly Movement3.4%
Tobacco Industry Average Movement2.0%
Market Average Movement4.6%
10% most volatile stocks in GB Market10.6%
10% least volatile stocks in GB Market2.6%

Stable Share Price: BATS has not had significant price volatility in the past 3 months compared to the UK market.

Volatility Over Time: BATS's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
190248,989Tadeu Marrocowww.bat.com

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. It offers vapour, heated, and modern oral nicotine products; combustible cigarettes; and traditional oral products, such as snus and moist snuff. The company provides its products under the Vuse, glo, Velo, Grizzly, Kodiak, Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Newport, Natural American Spirit, and Camel brands.

British American Tobacco p.l.c. Fundamentals Summary

How do British American Tobacco's earnings and revenue compare to its market cap?
BATS fundamental statistics
Market capUK£66.72b
Earnings (TTM)UK£3.03b
Revenue (TTM)UK£25.87b

22.0x

P/E Ratio

2.6x

P/S Ratio

Is BATS overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
BATS income statement (TTM)
RevenueUK£25.87b
Cost of RevenueUK£4.57b
Gross ProfitUK£21.30b
Other ExpensesUK£18.27b
EarningsUK£3.03b

Last Reported Earnings

Dec 31, 2024

Next Earnings Date

Jul 31, 2025

Earnings per share (EPS)1.38
Gross Margin82.33%
Net Profit Margin11.70%
Debt/Equity Ratio72.7%

How did BATS perform over the long term?

See historical performance and comparison

Dividends

7.9%

Current Dividend Yield

176%

Payout Ratio

Does BATS pay a reliable dividends?

See BATS dividend history and benchmarks
When do you need to buy BATS by to receive an upcoming dividend?
British American Tobacco dividend dates
Ex Dividend DateMar 27 2025
Dividend Pay DateMay 07 2025
Days until Ex dividend34 days
Days until Dividend pay date75 days

Does BATS pay a reliable dividends?

See BATS dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/20 00:59
End of Day Share Price 2025/02/20 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

British American Tobacco p.l.c. is covered by 42 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
David ColemanArgus Research Company
Michael SteereAvior Capital Markets
Ishan MajumdarBaptista Research