Valuation British American Tobacco p.l.c.

Equities

Market Closed - London S.E. Other stock markets 16:35:18 13/04/2026 BST			5-day change	1st Jan Change
4,348.00 ^GBX	-0.07%		-1.34%	+3.18%

04-09	UK Stocks Subdued on Middle East Ceasefire Doubts	MT
04-09	British American Tobacco Names Dragos Constantinescu Finance Chief	MT

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	62,725	73,164	51,201	63,430	91,543	94,174	-	-
Change	-	16.64%	-30.02%	23.89%	44.32%	2.87%	-	-
Enterprise Value (EV) ¹	99,118	112,445	85,841	94,683	122,758	123,991	122,537	122,078
Change	-	13.45%	-23.66%	10.3%	29.65%	1%	-1.17%	-0.37%
P/E ratio	9.25x	11.2x	-3.55x	21.2x	12.1x	12.9x	11.5x	11.2x
PBR	0.96x	1x	0.97x	1.29x	2.04x	1.97x	1.93x	1.98x
PEG	-	-8.95x	0x	-0x	0x	-3.38x	0.9x	3.86x
Capitalization / Revenue	2.44x	2.65x	1.88x	2.45x	3.57x	3.58x	3.46x	3.33x
EV / Revenue	3.86x	4.07x	3.15x	3.66x	4.79x	4.71x	4.5x	4.32x
EV / EBITDA	8.35x	8.51x	6.49x	7.56x	10x	9.84x	9.31x	8.99x
EV / EBIT	8.89x	9.06x	6.89x	7.96x	10.6x	10.5x	9.95x	9.48x
EV / FCF	10.8x	11.4x	8.37x	9.82x	21.2x	14.8x	13.9x	13.3x
FCF Yield	9.27%	8.78%	11.9%	10.2%	4.72%	6.75%	7.21%	7.51%
Dividend per Share ²	2.156	2.309	2.355	2.402	2.45	2.514	2.586	2.691
Rate of return	7.89%	7.04%	10.3%	8.34%	5.81%	5.78%	5.95%	6.19%
EPS ²	2.956	2.919	-6.466	1.36	3.491	3.358	3.773	3.882
Distribution rate	72.9%	79.1%	-36.4%	177%	70.2%	74.9%	68.6%	69.3%
Net sales ¹	25,684	27,655	27,283	25,867	25,610	26,304	27,227	28,276
EBITDA ¹	11,874	13,208	13,223	12,524	12,240	12,598	13,156	13,577
EBIT ¹	11,150	12,408	12,465	11,890	11,572	11,797	12,311	12,881
Net income ¹	6,801	6,666	-14,367	3,068	7,677	7,812	8,194	8,293
Net Debt ¹	36,393	39,281	34,640	31,253	31,215	29,817	28,363	27,904
Reference price ²	27.34	32.82	22.96	28.80	42.14	43.48	43.48	43.48
Nbr of stocks (in thousands)	2,294,686	2,229,591	2,230,487	2,202,445	2,172,351	2,165,922	-	-
Announcement Date	11/02/22	09/02/23	08/02/24	13/02/25	12/02/26	-	-	-

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 (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
BRITISH AMERICAN TOBACCO P.L.C.	12.96x	4.72x	9.85x	5.78%	127B
PHILIP MORRIS INTERNATIONAL, INC.	20.16x	6.69x	15.24x	3.72%	250B
IMPERIAL BRANDS PLC	10.73x	3.2x	7.34x	5.47%	32.32B
SMOORE INTERNATIONAL HOLDINGS LIMITED	47.12x	3.21x	32.77x	2.38%	7.44B
PHILIP MORRIS CR	15.4x	2.08x	9.51x	6.48%	2.61B
TURNING POINT BRANDS, INC.	28.42x	-	-	0.38%	1.62B
UNIVERSAL CORPORATION	13.03x	-	-	-	1.33B
Average	21.12x	3.98x	14.94x	4.04%	60.33B
Weighted average by Cap.	17.73x	5.73x	13.27x	4.46%