British American Tobacco p.l.c.

LSE:BATS Stock Report

Market Cap: UK£69.3b

British American Tobacco Future Growth

Future criteria checks 2/6

British American Tobacco is forecast to grow earnings and revenue by 16% and 1.9% per annum respectively. EPS is expected to grow by 15.3% per annum. Return on equity is forecast to be 17.8% in 3 years.

Key information

16.0%

Earnings growth rate

15.3%

EPS growth rate

Tobacco earnings growth13.2%
Revenue growth rate1.9%
Future return on equity17.8%
Analyst coverage

Good

Last updated27 Mar 2025

Recent future growth updates

Recent updates

This Is Why British American Tobacco p.l.c.'s (LON:BATS) CEO Compensation Looks Appropriate

Apr 09
This Is Why British American Tobacco p.l.c.'s (LON:BATS) CEO Compensation Looks Appropriate

Are Investors Undervaluing British American Tobacco p.l.c. (LON:BATS) By 46%?

Mar 03
Are Investors Undervaluing British American Tobacco p.l.c. (LON:BATS) By 46%?
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Investments In Glo Hyper Pro And Velo+ Will Strengthen Future Portfolio

Feb 23 New Categories expansion and investments in innovation aim to drive future revenue growth and diversify the company's portfolio.

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

Sep 25Three Years Into The Future : GPB 45.77

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)

Earnings and Revenue Growth Forecasts

LSE:BATS - Analysts future estimates and past financials data (GBP Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/202727,6418,5179,21511,17812
12/31/202626,8438,2518,87510,86312
12/31/202526,1158,0137,4479,69112
12/31/202425,8673,0269,55610,125N/A
9/30/202426,025-5,4269,73510,315N/A
6/30/202426,182-13,8789,91410,504N/A
3/31/202426,733-14,14510,02710,609N/A
12/31/202327,283-14,41210,14010,714N/A
9/30/202327,755-2,84710,02810,631N/A
6/30/202328,2278,7189,91510,548N/A
3/31/202327,9417,6689,82810,471N/A
12/31/202227,6556,6179,74110,394N/A
9/30/202227,0175,9969,85210,539N/A
6/30/202226,3785,3759,96310,684N/A
3/31/202226,0316,0829,46810,201N/A
12/31/202125,6846,7898,9729,717N/A
9/30/202125,6826,4918,3839,137N/A
6/30/202125,6806,1937,7948,556N/A
3/31/202125,7286,2978,4139,171N/A
12/31/202025,7766,4009,0319,786N/A
9/30/202025,8776,3749,2379,989N/A
6/30/202025,9786,3479,44310,192N/A
3/31/202025,9286,0268,8129,594N/A
12/31/201925,8775,7048,1818,996N/A
9/30/201925,4525,9307,9858,861N/A
6/30/201925,0266,1567,7888,725N/A
3/31/201924,7596,0948,5709,510N/A
12/31/201824,4926,0329,35210,295N/A
9/30/201824,13721,973N/A8,897N/A
6/30/201823,78237,914N/A7,499N/A
3/31/201821,67337,700N/A6,423N/A
12/31/201719,56437,485N/A5,347N/A
9/30/201717,22220,862N/A5,305N/A
6/30/201715,5004,238N/A5,262N/A
3/31/201715,1264,443N/A4,936N/A
12/31/201614,1304,648N/A4,610N/A
9/30/201613,1854,482N/A4,515N/A
6/30/201613,3754,316N/A4,419N/A
3/31/201613,2404,303N/A4,570N/A
12/31/201512,5364,290N/A4,720N/A
9/30/201513,3384,152N/A4,311N/A
6/30/201513,5714,013N/A3,901N/A
3/31/201513,7713,564N/A3,809N/A
12/31/201413,9713,115N/A3,716N/A
9/30/201414,2293,363N/A4,002N/A
6/30/201414,4863,611N/A4,287N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: BATS's forecast earnings growth (16% per year) is above the savings rate (2.3%).

Earnings vs Market: BATS's earnings (16% per year) are forecast to grow faster than the UK market (13.9% per year).

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

Revenue vs Market: BATS's revenue (1.9% per year) is forecast to grow slower than the UK market (4% per year).

High Growth Revenue: BATS's revenue (1.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: BATS's Return on Equity is forecast to be low in 3 years time (17.8%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/04/13 15:11
End of Day Share Price 2025/04/11 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. 12 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