Professional
Added to YB: 2024-04-18
Pitch date: 2024-04-11
BTI [bullish]
British American Tobacco p.l.c.
+121.15%
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 United States, Europe, Latin America, Canada, the Asia-Pacific, the Middle East, Central Asia, Caucasus, and Africa.
Market Cap
GBP 94.2B
Pitch Price
GBP 20.23
Price Target
40.00 (-11%)
Dividend
5.64%
EV/EBITDA
9.29
P/E
12.44
EV/Sales
4.91
Sector
Tobacco
Category
dividend
Moon Capital Management New Portfolio Holding: British American Tobacco p.l.c.
BTI: Robust FCF growth despite regulatory challenges. 10% div yield, 16% FCF yield (20%+ ex-ITC stake). Expects £40B FCF over 5yrs. Deleveraging nearly complete, buybacks to ramp. New Categories profitable 2yrs early, growing 30% annually. $40 PT (6x earnings) with upside from mix shift & re-rating potential.
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