British American Tobacco p.l.c.

NYSE:BTI Stock Report

Market Cap: US$81.4b

British American Tobacco Management

Management criteria checks 4/4

British American Tobacco's CEO is Tadeu Marroco, appointed in Sep 2014, has a tenure of 10.33 years. total yearly compensation is £4.59M, comprised of 25% salary and 75% bonuses, including company stock and options. directly owns 0.006% of the company’s shares, worth $5.02M. The average tenure of the management team and the board of directors is 4.1 years and 3.5 years respectively.

Key information

Tadeu Marroco

Chief executive officer

UK£4.6m

Total compensation

CEO salary percentage25.0%
CEO tenure10.3yrs
CEO ownership0.006%
Management average tenure4.1yrs
Board average tenure3.5yrs

Recent management updates

Recent updates

British American Tobacco: A Great Deal For Income Investors

Dec 27

British American Tobacco: Trading Update Affirms Attractiveness

Dec 12

British American Tobacco: New Glo Hilo Looks Like A Winner

Dec 04

British American: 3 Reasons I'm Buying This 8.2% Yielding Aristocrat In 2025

Nov 20

British American Tobacco: Fairly Priced Despite 7.5x P/E

Nov 14

British American Tobacco: Bargain Entry Into A Shifting Market

Oct 31

3 Reasons British American Tobacco Remains A Buy

Oct 25

British American Tobacco: Still A Solid Income Play

Oct 04

British American Tobacco Yields ~8%, But Total Shareholder Yield Could Be 10%+

Sep 24

British American Tobacco: Shares Still A Bargain After The Mid-Year Rally

Sep 17

British American Tobacco: Called The Surge, Staying Invested

Aug 24

British American Tobacco: New Categories Segment Shows Promise

Aug 17

British American Tobacco: Reassessing My Hold Rating After July's Surge (Rating Upgrade)

Aug 06

British American Tobacco Is Making A Comeback Against All Odds

Jul 25

British American Tobacco: Let's Ask Benjamin Graham

Jul 10

British American Tobacco: Fighting An Uphill Battle

Jun 15

British American Tobacco: Still Not Worth Investing

Jun 05

British American Tobacco: The Window To Buy And Lock In This 9.5% Yield Might Be Closing

May 29

Tidefall Capital - British American Tobacco: Success Against Illegal Chinese Vapes Would Immediately Be A Major Tailwind

May 17

British American Tobacco Isn't Dead Money As Pessimism Peaks

May 08

British American Tobacco: A 'Hybrid Value' Opportunity

May 02

British American Tobacco: The Dividend Yield Is Very Tempting At These Price Levels

Apr 12

British American Tobacco: Yielding 9.63% Looks Like An Opportunity Rather Than A Value Trap

Apr 03

British American Tobacco: Undervalued With Bearish Assumptions, 10% Dividend

Mar 21

British American Tobacco: It's Still A Value Trap, But I'm Lifting My 'Sell' View

Mar 03

British American Tobacco: The Worst May Have Already Been Priced In

Feb 19

British American Tobacco: Demystifying The Stability Of 9% Dividend

Feb 11

Complete Devastation, Massive Income With British American Tobacco

Jan 29

Why I'm Avoiding 10%-Yielding British American Tobacco Stock

Jan 17

British American Tobacco: No Growth, No Problem - 33% Upside

Dec 17

British American Tobacco: What To Make Of The £25 Billion Bombshell

Dec 06

British American Tobacco Vs. Altria: Which Is The Better Dividend Choice?

Nov 30

British American Tobacco: A Great Play In The Tobacco Space

Nov 14

British American Tobacco: Priced For Decline But I Think It Will Grow

Oct 02

British American Tobacco: Get An 8.4% Yield Plus An Upside Catalyst

Sep 24

The Long Thesis On British American Tobacco Amid The Current Tobacco Industry Backdrop

Aug 27

Buy Like Buffett: British American's 9.3% Yield Is The Highest In 23 Years

Aug 18

8.6%-Yielding British American Tobacco: As Good As It Gets

Aug 08

British American Tobacco: Free Cash Flow In Focus Ahead Of H1 Earnings, Compelling Valuation

Jul 14

Is British American Tobacco A Dividend Stock To Buy, Sell, Or Hold?

Jul 07

British American Tobacco Vs. Philip Morris: One Seems More Undervalued

Jun 14

British American Tobacco: Buy The Blood Bath - 8.79% Income Yield

Jun 04

British American Tobacco: Unwarranted Fear

May 23

CEO Compensation Analysis

How has Tadeu Marroco's remuneration changed compared to British American Tobacco's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2024n/an/a

-UK£14b

Mar 31 2024n/an/a

-UK£14b

Dec 31 2023UK£5mUK£1m

-UK£14b

Sep 30 2023n/an/a

-UK£3b

Jun 30 2023n/an/a

UK£9b

Mar 31 2023n/an/a

UK£8b

Dec 31 2022UK£5mUK£803k

UK£7b

Sep 30 2022n/an/a

UK£6b

Jun 30 2022n/an/a

UK£5b

Mar 31 2022n/an/a

UK£6b

Dec 31 2021UK£3mUK£803k

UK£7b

Sep 30 2021n/an/a

UK£6b

Jun 30 2021n/an/a

UK£6b

Mar 31 2021n/an/a

UK£6b

Dec 31 2020UK£3mUK£775k

UK£6b

Sep 30 2020n/an/a

UK£6b

Jun 30 2020n/an/a

UK£6b

Mar 31 2020n/an/a

UK£6b

Dec 31 2019UK£2mUK£301k

UK£6b

Compensation vs Market: Tadeu's total compensation ($USD5.70M) is below average for companies of similar size in the US market ($USD12.85M).

Compensation vs Earnings: Tadeu's compensation has been consistent with company performance over the past year.

CEO

Tadeu Marroco (58 yo)

10.3yrs

Tenure

UK£4,588,000

Compensation

Mr. Tadeu Luiz Marroco serves as Executive Director at British American Tobacco p.l.c. since August 5, 2019 and served as its Transformation Director since February 2021 until 2023. He serves as Chief Exec...

Leadership Team

NamePositionTenureCompensationOwnership
Tadeu Marroco
CEO, Member of Management Board & Executive Director10.3yrsUK£4.59m0.0062%
$ 5.0m
Soraya Benchikh
CFO, Member of Management Board & Executive Directorless than a yearno data0%
$ 0
David Waterfield
Member of Management Board1.5yrsno datano data
Kingsley Wheaton
Chief Corporate Officer & Member of Management Board13yrsno data0.0046%
$ 3.7m
Johan Vandermeulen
COO & Member of Management Board10.3yrsno data0.0037%
$ 3.0m
Jerome Abelman
Director of Legal10yrsno data0.0042%
$ 3.4m
Paul McCrory
Director of Corporate & Regulatory Affairs and Member of Management Board1.3yrsno datano data
James Barrett
Director of Business Development & Member of Management Board1.3yrsno datano data
Luciano Comin
CMO & Member of Management Board6yrsno data0.0024%
$ 1.9m
Mihovil Dijanosic
Regional Director of Asia-Pacific4.3yrsno data0.0021%
$ 1.7m
Zafar Khan
Member of the Management Board & Director of Operations3.9yrsno data0.0010%
$ 822.3k
Syed Iqbal
Director of Digital & Information and Member of Management Board2.8yrsno datano data

4.1yrs

Average Tenure

51yo

Average Age

Experienced Management: BTI's management team is considered experienced (4.1 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Tadeu Marroco
CEO, Member of Management Board & Executive Director5.4yrsUK£4.59m0.0062%
$ 5.0m
Soraya Benchikh
CFO, Member of Management Board & Executive Directorless than a yearno data0%
$ 0
Murray Kessler
Independent Non-Executive Director1.2yrsUK£20.00k0.00023%
$ 187.3k
Holly Koeppel
Senior Independent Non-Executive Director7.5yrsUK£161.00kno data
Luc Jobin
Independent Chairman of the Board7.5yrsUK£705.00k0.0041%
$ 3.3m
Karen Guerra
Independent Non-Executive Director4.3yrsUK£132.00k0.0011%
$ 863.0k
Serpil Timuray
Independent Non-Executive Director1.1yrsUK£10.00kno data
Krishnan Anand
Independent Non-Executive Director2.9yrsUK£132.00k0.00034%
$ 276.8k
Veronique Laury-Deroubaix
Independent Non-Executive Director2.3yrsUK£131.00k0.000070%
$ 57.0k
James Thomas
Independent Non-Executive Director4.1yrsUK£132.00kno data

3.5yrs

Average Tenure

65yo

Average Age

Experienced Board: BTI's board of directors are considered experienced (3.5 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/05 02:10
End of Day Share Price 2025/01/03 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

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 here.

Analysis Model and Snowflake

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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 .

Analyst Sources

British American Tobacco p.l.c. is covered by 47 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
Pierre-Yves GauthierAlphaValue
David ColemanArgus Research Company
Michael SteereAvior Capital Markets