British American Tobacco Zimbabwe (Holdings) Past Earnings Performance

Past criteria checks 3/6

British American Tobacco Zimbabwe (Holdings) has been growing earnings at an average annual rate of 130.8%, while the Tobacco industry saw earnings growing at 14.7% annually. Revenues have been growing at an average rate of 147.1% per year. British American Tobacco Zimbabwe (Holdings)'s return on equity is 51.1%, and it has net margins of 19.2%.

Key information

130.8%

Earnings growth rate

130.8%

EPS growth rate

Tobacco Industry Growth	39.2%
Revenue growth rate	147.1%
Return on equity	51.1%
Net Margin	19.2%
Last Earnings Update	31 Dec 2023

Recent past performance updates

No updates

Recent updates

No updates

Revenue & Expenses Breakdown

How British American Tobacco Zimbabwe (Holdings) makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

ZMSE:BAT Revenue, expenses and earnings (ZWL Millions)
Date	Revenue	Earnings	G+A Expenses
31 Dec 23	288,338	55,399	44,503
30 Sep 23	221,370	37,934	38,728
30 Jun 23	62,011	1,457	12,945
31 Mar 23	43,145	3,227	9,101
31 Dec 22	116,670	24,008	25,267
30 Sep 22	81,336	12,062	17,883
30 Jun 22	46,001	117	10,500
31 Mar 22	31,116	2,467	7,262
31 Dec 21	16,230	4,817	4,024
30 Sep 21	11,380	3,067	2,929
30 Jun 21	6,529	1,317	1,835
31 Mar 21	4,932	708	1,413
31 Dec 20	3,334	98	991
30 Sep 20	2,659	73	670
30 Jun 20	1,985	47	349
31 Mar 20	1,731	-39	318
31 Dec 19	1,478	-124	287
30 Sep 19	1,073	-28	232
30 Jun 19	667	69	176
31 Mar 19	506	82	133
31 Dec 18	346	95	90
30 Sep 18	3,418	1,011	1,147
30 Jun 18	6,490	1,927	2,204
31 Mar 18	9,172	2,668	3,139
31 Dec 17	11,855	3,409	4,073
30 Sep 17	11,409	3,232	4,103
30 Jun 17	10,962	3,054	4,133
31 Mar 17	10,975	2,894	4,398
31 Dec 16	10,987	2,734	4,663
30 Sep 16	11,982	3,215	4,823
30 Jun 16	12,978	3,696	4,983
31 Mar 16	13,788	4,343	4,810
31 Dec 15	14,598	4,991	4,638
30 Sep 15	14,739	5,037	4,282
30 Jun 15	14,908	5,099	3,939
31 Mar 15	14,617	4,711	3,921
31 Dec 14	14,371	4,339	3,915
30 Sep 14	13,907	3,869	4,142
30 Jun 14	13,464	3,401	4,371
31 Mar 14	13,965	2,315	6,147

Quality Earnings: BAT has high quality earnings.

Growing Profit Margin: BAT's current net profit margins (19.2%) are lower than last year (20.6%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if BAT's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Insufficient data to compare BAT's past year earnings growth to its 5-year average.

Earnings vs Industry: BAT earnings growth over the past year (130.8%) exceeded the Tobacco industry 40.1%.

Return on Equity

High ROE: BAT's Return on Equity (51.1%) is considered outstanding.

Return on Assets

Return on Capital Employed

Discover strong past performing companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/18 15:31
End of Day Share Price	2025/01/17 00:00
Earnings	2023/12/31
Annual Earnings	2023/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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

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 .

Analyst Sources

British American Tobacco Zimbabwe (Holdings) Limited is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
null null	IH Securities (Pvt) Limited
Balamanja Made	Tellimer Research