Added to YB: 2024-02-20
Pitch date: 2024-02-19
BTI [bullish]
British American Tobacco p.l.c.
+108.29%
current return
Author Info
No bio for this author
Company Info
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.
Market Cap
GBP 92.2B
Pitch Price
GBP 20.54
Price Target
45.75 (+7%)
Dividend
5.67%
EV/EBITDA
8.73
P/E
30.78
EV/Sales
4.80
Sector
Tobacco
Category
value
Bireme Capital's Evan Tindell on British American Tobacco $BTI and Tobacco's Inflection Point
BTI: Undervalued tobacco giant w/ 50% upside by 2030. Brands like Camel, Lucky Strike drive revenue despite volume declines. Trades at 7x earnings on menthol ban & nicotine product competition fears, but 'Next Gen' segment (vapes, pouches) promise, could be 50% of revenue by 2030. 29% ITC stake is 25-30% of market cap, could reduce debt. 60-70% FCF paid as dividend.
Read full article (37 min)