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Real-time Estimate
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4,155.50 GBX | -0.08% |
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-0.02% | +44.55% |
| 11-17 | FTSE 100 falters ahead of inflation print, Nvidia | AN |
| 11-12 | BofA cuts Auto Trader; Barclays cuts Victrex | AN |
Projected Income Statement: British American Tobacco p.l.c.
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 25,776 | 25,684 | 27,655 | 27,283 | 25,867 | 25,612 | 26,374 | 27,107 |
| Change | - | -0.36% | 7.67% | -1.35% | -5.19% | -0.98% | 2.97% | 2.78% |
| EBITDA 1 | 13,154 | 11,874 | 13,208 | 13,223 | 12,524 | 12,108 | 12,521 | 12,902 |
| Change | - | -9.73% | 11.23% | 0.11% | -5.29% | -3.32% | 3.41% | 3.04% |
| EBIT 1 | 11,365 | 11,150 | 12,408 | 12,465 | 11,890 | 11,414 | 11,855 | 12,280 |
| Change | - | -1.89% | 11.28% | 0.46% | -4.61% | -4% | 3.86% | 3.59% |
| Interest Paid 1 | -1,592 | -1,486 | -1,641 | -1,895 | -1,098 | -1,779 | -1,695 | -1,646 |
| Earnings before Tax (EBT) 1 | 8,672 | 9,163 | 9,324 | -17,061 | 3,538 | 10,515 | 10,436 | 10,997 |
| Change | - | 5.66% | 1.76% | -282.98% | 120.74% | 197.2% | -0.75% | 5.38% |
| Net income 1 | 6,400 | 6,801 | 6,666 | -14,367 | 3,068 | 7,711 | 7,547 | 7,787 |
| Change | - | 6.27% | -1.99% | -315.53% | 121.35% | 151.32% | -2.12% | 3.18% |
| Announcement Date | 17/02/21 | 11/02/22 | 09/02/23 | 08/02/24 | 13/02/25 | - | - | - |
Forecast Balance Sheet: British American Tobacco p.l.c.
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 39,451 | 36,393 | 39,281 | 34,640 | 31,253 | 30,561 | 29,242 | 27,668 |
| Change | - | -7.75% | 7.94% | -11.81% | -9.78% | -2.21% | -4.32% | -5.38% |
| Announcement Date | 17/02/21 | 11/02/22 | 09/02/23 | 08/02/24 | 13/02/25 | - | - | - |
Cash Flow Forecast: British American Tobacco p.l.c.
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| CAPEX 1 | 511 | 527 | 523 | 460 | 486 | 651.7 | 579.6 | 591.2 |
| Change | - | 3.13% | -0.76% | -12.05% | 5.65% | 34.1% | -11.07% | 2% |
| Free Cash Flow (FCF) 1 | 9,275 | 9,190 | 9,871 | 10,254 | 9,639 | 7,155 | 8,569 | 9,002 |
| Change | - | -0.92% | 7.41% | 3.88% | -6% | -25.77% | 19.75% | 5.06% |
| Announcement Date | 17/02/21 | 11/02/22 | 09/02/23 | 08/02/24 | 13/02/25 | - | - | - |
Forecast Financial Ratios: British American Tobacco p.l.c.
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
Profitability | ||||||||
| EBITDA Margin (%) | 51.03% | 46.23% | 47.76% | 48.47% | 48.42% | 47.27% | 47.47% | 47.59% |
| EBIT Margin (%) | 44.09% | 43.41% | 44.87% | 45.69% | 45.97% | 44.56% | 44.95% | 45.3% |
| EBT Margin (%) | 33.64% | 35.68% | 33.72% | -62.53% | 13.68% | 41.05% | 39.57% | 40.57% |
| Net margin (%) | 24.83% | 26.48% | 24.1% | -52.66% | 11.86% | 30.1% | 28.62% | 28.73% |
| FCF margin (%) | 35.98% | 35.78% | 35.69% | 37.58% | 37.26% | 27.94% | 32.49% | 33.21% |
| FCF / Net Income (%) | 144.92% | 135.13% | 148.08% | -71.37% | 314.18% | 92.8% | 113.53% | 115.6% |
Profitability | ||||||||
| ROA | 5.46% | 5.49% | 5.79% | 6.17% | 6.79% | 6.3% | 6.71% | 7.15% |
| ROE | 12.03% | 11.8% | 12.11% | 13.14% | 15.78% | 15.3% | 16.42% | 17.65% |
Financial Health | ||||||||
| Leverage (Debt/EBITDA) | 3x | 3.06x | 2.97x | 2.62x | 2.5x | 2.52x | 2.34x | 2.14x |
| Debt / Free cash flow | 4.25x | 3.96x | 3.98x | 3.38x | 3.24x | 4.27x | 3.41x | 3.07x |
Capital Intensity | ||||||||
| CAPEX / Current Assets (%) | 1.98% | 2.05% | 1.89% | 1.69% | 1.88% | 2.54% | 2.2% | 2.18% |
| CAPEX / EBITDA (%) | 3.88% | 4.44% | 3.96% | 3.48% | 3.88% | 5.38% | 4.63% | 4.58% |
| CAPEX / FCF (%) | 5.51% | 5.73% | 5.3% | 4.49% | 5.04% | 9.11% | 6.76% | 6.57% |
Items per share | ||||||||
| Cash flow per share 1 | 4.264 | 4.23 | 4.585 | 4.807 | 4.551 | 2.178 | 3.456 | 3.724 |
| Change | - | -0.79% | 8.38% | 4.84% | -5.33% | -52.15% | 58.68% | 7.77% |
| Dividend per Share 1 | 2.156 | 2.156 | 2.309 | 2.355 | 2.402 | 2.452 | 2.502 | 2.586 |
| Change | - | 0% | 7.1% | 1.99% | 2.01% | 2.06% | 2.04% | 3.37% |
| Book Value Per Share 1 | 27.42 | 28.6 | 32.66 | 23.58 | 22.31 | 22.21 | 22.32 | 22.66 |
| Change | - | 4.33% | 14.19% | -27.8% | -5.39% | -0.44% | 0.48% | 1.5% |
| EPS 1 | 2.789 | 2.956 | 2.919 | -6.466 | 1.36 | 3.442 | 3.489 | 3.696 |
| Change | - | 5.99% | -1.25% | -321.51% | 121.03% | 153.06% | 1.38% | 5.94% |
| Nbr of stocks (in thousands) | 2,286,035 | 2,294,686 | 2,229,591 | 2,230,487 | 2,203,490 | 2,176,061 | 2,176,061 | 2,176,061 |
| Announcement Date | 17/02/21 | 11/02/22 | 09/02/23 | 08/02/24 | 13/02/25 | - | - | - |
| 2025 * | 2026 * | |
|---|---|---|
| P/E ratio | 12.1x | 11.9x |
| PBR | 1.87x | 1.86x |
| EV / Sales | 4.73x | 4.54x |
| Yield | 5.9% | 6.02% |
EPS & Dividend
Y-o-Y evolution of P/E
Year-on-year evolution of the Yield
Trader
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Quarterly revenue - Rate of surprise
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- Financials British American Tobacco p.l.c.
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