Valuation British American Tobacco p.l.c.

Stocks

Real-time Estimate Cboe Europe Other stock markets 11:28:00 2026-06-16 am EDT			5-day change	1st Jan Change
4,600.50 ^GBX	+0.60%		+2.70%	+9.07%

Jun. 09	BRITISH AMERICAN TOBACCO : Jefferies maintains a Buy rating	ZD
Jun. 08	Stocks mixed amid lack of Middle East progress	AN

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Market Cap ¹	62,725	73,164	51,201	63,430	91,543	98,817	-	-
Change	-	16.64%	-30.02%	23.89%	44.32%	7.95%	-	-
Enterprise Value (EV) ¹	99,118	112,445	85,841	94,683	122,758	128,807	127,640	126,817
Change	-	13.45%	-23.66%	10.3%	29.65%	4.93%	-0.91%	-0.65%
P/E Ratio	9.25x	11.2x	-3.55x	21.2x	12.1x	13.4x	12.4x	11.5x
PBR	0.96x	1x	0.97x	1.29x	2.04x	2.1x	2.07x	2.06x
PEG	-	-8.95x	0x	-0x	0x	-5.53x	1.45x	1.5x
Capitalization / Revenue	2.44x	2.65x	1.88x	2.45x	3.57x	3.77x	3.64x	3.51x
EV / Revenue	3.86x	4.07x	3.15x	3.66x	4.79x	4.91x	4.7x	4.5x
EV / EBITDA	8.35x	8.51x	6.49x	7.56x	10x	10.2x	9.66x	9.28x
EV / EBIT	8.89x	9.06x	6.89x	7.96x	10.6x	11x	10.4x	9.87x
EV / FCF	10.8x	11.4x	8.37x	9.82x	21.2x	17.2x	16.2x	15.7x
FCF Yield	9.27%	8.78%	11.9%	10.2%	4.72%	5.8%	6.16%	6.37%
Dividend per Share ²	2.156	2.309	2.355	2.402	2.45	2.512	2.592	2.698
Rate of return	7.89%	7.04%	10.3%	8.34%	5.81%	5.49%	5.67%	5.9%
EPS ²	2.956	2.919	-6.466	1.36	3.491	3.406	3.697	3.981
Distribution rate	72.9%	79.1%	-36.4%	177%	70.2%	73.7%	70.1%	67.8%
Net sales ¹	25,684	27,655	27,283	25,867	25,610	26,245	27,181	28,182
EBITDA ¹	11,874	13,208	13,223	12,524	12,240	12,614	13,213	13,670
EBIT ¹	11,150	12,408	12,465	11,890	11,572	11,749	12,295	12,853
Net income ¹	6,801	6,666	-14,367	3,068	7,677	7,521	7,939	8,320
Net Debt ¹	36,393	39,281	34,640	31,253	31,215	29,990	28,823	27,999
Reference price ²	27.34	32.82	22.96	28.80	42.14	45.73	45.73	45.73
Nbr of stocks (in thousands)	2,294,686	2,229,591	2,230,487	2,202,445	2,172,351	2,160,886	-	-
Announcement Date	2/11/22	2/9/23	2/8/24	2/13/25	2/12/26	-	-	-

¹GBP in Million²GBP

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (N)	EV / Sales (N)	EV / EBITDA (N)	Dividend Yield (N)	Capi.($)
BRITISH AMERICAN TOBACCO P.L.C.	13.42x	4.91x	10.21x	5.49%	133B
PHILIP MORRIS INTERNATIONAL, INC.	23x	7.46x	17x	3.31%	283B
IMPERIAL BRANDS PLC	10.34x	3.02x	6.94x	5.98%	28.87B
SMOORE INTERNATIONAL HOLDINGS LIMITED	31.14x	2.26x	20.6x	1.59%	6.73B
TURNING POINT BRANDS, INC.	57.38x	-	-	0.39%	1.59B
UNIVERSAL CORPORATION	12.4x	-	-	-	1.33B
Average	24.61x	4.41x	13.69x	3.35%	75.78B
Weighted average by Cap.	19.61x	6.35x	14.42x	4.08%