Added to YB: 2023-12-11
Pitch date: 2023-12-10
BTI [bearish]
British American Tobacco p.l.c.
-119.48%
current return
Author Info
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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 19.58
Price Target
N/A
Dividend
5.67%
EV/EBITDA
8.73
P/E
30.78
EV/Sales
4.80
Sector
Tobacco
Category
turnaround
British American Tobacco: Identity Crisis
BAT takes £25B writedown on US biz expecting 30yr decline not indefinite value Challenges: volume⬇️ illicit vapes⬆️ new regs Pivots to nextgen products strategic despite overpaying for Reynolds Peer analysis mixed FY update: Russia sale AME APMEA growth⬆️ offsets US woes New categories grow to breakeven by 2024 Deleverages to 2.7x net debt/EBITDA Spinoff of ITC hotel could help Strong FCF yield & guidance show resilience vs industry pessimism
Read full article (6 min)