British American Tobacco p.l.c.

British American Tobacco p.l.c.

BTI
British American Tobacco p.l.c.US flagNew York Stock Exchange
58.91
USD
-0.58
- -
127.62BMarket Cap
British American Tobacco p.l.c.
BTI
(New York Stock Exchange)

Recent

price

58.91

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
7.51
7.82
7.83
8.03
7.5
7.05
7.6
9.57
10.72
11.33
11.28
11.23
12.26
12.24
11.68
11.71
6.05
Revenue per Share
1.45
1.57
1.96
2.05
1.67
2.31
2.5
18.34
2.64
2.5
2.8
2.97
2.95
-6.45
1.39
3.55
1.23
Basic EPS, GAAP
1.46
2
1.87
1.95
1.62
2.22
2.12
2.14
4.09
3.58
3.95
3.92
4.32
4.54
4.3
2.58
1.53
Free Cash Flow per Basic Share
1.06
1.2
1.31
1.37
1.45
1.49
1.57
1.7
1.9
2.01
2.08
2.14
2.18
2.27
2.35
2.4
- -
Dividend per Share
1.86
1.59
1.42
1.53
1.12
1.22
2.07
18.37
17.14
17.88
20.91
21.84
22.97
14.46
12.02
12.75
1.04
Book Value per Share
-1.47
-1.79
-2.03
-2.25
-2.68
-2.91
-2
-27.79
-25.53
-23.92
-22.92
-21.09
-23.65
-19.12
-20
-17.74
-2.55
Tangible Book Value per Share
1,983
1,970
1,939
1,901
1,864
1,858
1,858
2,044
2,285
2,284
2,286
2,287
2,256
2,229
2,214
2,187
2,002
Basic Weighted Avg Shares
14,883
15,399
15,190
15,260
13,971
13,104
14,130
19,564
24,492
25,877
25,776
25,684
27,655
27,283
25,867
25,610
12,122
Sales/Revenue/Turnover
7.24
31.09
35.77
36.51
33.3
34.85
35.23
34.43
38.52
46.69
64.49
52.03
51.63
-31.28
41.11
45.53
-1.68
Operating Margin (%)
504
817
475
477
423
428
607
902
1,038
1,318
1,241
1,019
1,305
24,000
3,062
2,270
425
Depreciation Expense
2,879
3,095
3,797
3,904
3,115
4,290
4,648
37,485
6,032
5,704
6,400
6,801
6,666
-14,367
3,068
7,764
2,457
Net Income, GAAP
28.44
31.56
27.11
27.59
30.01
22.77
22.51
- -
25.64
26.07
24.31
23.89
26.58
- -
10.09
21.24
27.82
Effective Tax Rate (%)
19.34
20.1
25
25.58
22.3
32.74
32.89
191.6
24.63
22.04
24.83
26.48
24.1
-52.66
11.86
30.32
20.27
Profit Margin (%)
1,012
648
1,044
1,082
363
808
503
-1,639
-3,674
-5,549
-1,866
-2,337
-2,444
-1,487
-4,449
-1,840
-139
Working Capital
8,916
8,510
9,083
9,716
9,779
14,806
16,488
44,027
43,284
37,804
39,927
35,666
38,726
35,406
32,638
31,708
9,437
LT Debt
9,548
8,474
7,779
6,935
5,814
5,032
8,406
60,981
65,688
64,160
62,955
67,401
75,710
52,934
49,995
48,145
7,215
Total Equity
3.89
16.59
20.77
21.22
17.31
17.23
15.15
- -
6.23
7.96
11.54
9.43
9.2
- -
10.49
10.62
-0.87
Return on Invested Capital (%)
23.26
24.87
28.65
30.32
23.87
27.84
24.06
- -
8.32
8.1
8.68
8.72
8.52
- -
6.91
14.61
22.04
Return on Capital (%)
90.39
90.52
128.67
137.83
124.85
197.42
152.42
181.14
15.72
14.26
14.44
13.91
13.1
-34.19
10.43
28.5
111.81
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Jun'08
Sep'08
Dec'08
ST Debt
1,760
- -
2,724
LT Borrowings
7,895
- -
9,437
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,007
2,001
1,996
Market Capitalization
34,801
34,856
36,565

Working Capital

FRC

in mil. unless spec.
Jun'08
Sep'08
Dec'08
Total Current Assets
7,370
- -
8,739
Cash, Cash Equivalents & STI
2,402
- -
2,388
Accounts Receivable, Net
1,749
- -
1,789
Inventories
2,637
- -
3,177
Total Current Liabilities
5,678
- -
8,878
Payables & Accruals
- -
- -
- -
ST Debt
1,760
- -
2,724
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
67.61%
-3.99%
-3.7%
Free Cash Flow
8.36%
-6.98%
-40.76%
Net Income, GAAP
35.81%
-55.91%
153.06%
Sales/Revenue/Turnover
7.65%
-0.04%
-0.99%
Total Cash Common Dividend
6.86%
2.01%
0.48%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
27,283
2024
- -
- -
- -
- -
25,867
2025
- -
- -
- -
- -
25,610

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
-6.45
2024
- -
- -
- -
- -
1.39
2025
- -
- -
- -
- -
3.55

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
2.27
2024
- -
- -
- -
- -
2.35
2025
- -
- -
- -
- -
2.4
Business
British American Tobacco p.l.c. is a British multinational company engaged in the manufacturing and sale of cigarettes, tobacco, and other nicotine products. The company offers a comprehensive portfolio of core products including combustible tobacco products such as cigarettes under global strategic brands Dunhill, Kent, Lucky Strike, Pall Mall, and Rothmans, alongside other regional brands like Vogue, Viceroy, Kool, and State Express 555. In addition to traditional tobacco, BAT has expanded significantly into potentially reduced-risk products with its New Categories portfolio comprising Vapour products (notably the Vuse e-cigarette brand), Tobacco Heating Products (glo), and Modern Oral nicotine pouches (Velo), reflecting its strategic shift towards smokeless alternatives. Founded in 1902 and headquartered in London, England, British American Tobacco operates in approximately 180 countries worldwide, targeting adult consumers in the tobacco and nicotine markets. The company positions itself as a leader in transforming tobacco by adapting to evolving consumer preferences and regulatory environments, with a goal to have 50 million adult consumers of its Smokeless products by 2030 and for these products to generate 50% of its revenue by 2035. In 2024, BAT reported New Category revenues of £3.4 billion, demonstrating strong progress in profitability within this segment. Recent major changes include strategic management board adjustments emphasizing transformational leadership and inclusivity, continued investment in reduced-risk product innovation, and environmental sustainability initiatives, such as securing a "Triple-A" rating from CDP for climate change, water security, and forest conservation efforts. BAT also divested its Russia operations in 2023, selling to a local consortium and subsequently rebranding the business. The company generated £25.9 billion in revenue in 2024 and maintains a significant workforce of nearly 49,000 employees. BAT further diversifies its portfolio through investments in non-nicotine products including cannabis and wellness, managed via its venture arms Btomorrow Ventures and KBio Holdings. Overall, British American Tobacco remains a dominant player in the global tobacco industry, operating under a strategy that balances traditional combustible products with innovation in smokeless tobacco and nicotine alternatives, supported by a strong brand portfolio and ongoing operational and leadership enhancements.

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