British American Tobacco (BATS) Share Price, News & Analysis

Company Overview

BAT was founded in 1902 and was first listed on the London Stock Exchange in 1912. A constituent of the FTSE 100 since its creation in 1984, we have evolved, becoming the only truly global company in our sector. BAT is transforming and is well positioned with a global footprint and multi-category portfolio. Our corporate purpose is to build A Better Tomorrow™, reducing the health impact of our business, by offering adult consumers a greater choice of enjoyable and less risky*† products compared to cigarettes. To accelerate the next phase of our transformation journey, we are now committed to Building a Smokeless^ World and becoming a predominantly smokeless business by 2035. In addition to our purpose to reduce the health impact of our business, we continue to integrate and embed sustainability throughout our organisation, addressing areas of material impact including climate, circularity, communities and nature. We have a global portfolio of established brands in five categories: Vapour (Vuse), Heated Products (Glo), Modern Oral (Velo), Traditional Oral (Grizzly) and Cigarettes (including Dunhill, Kent, Lucky Strike, Rothmans and Pall Mall). Our products are sold in over 140 markets, across six continents, through over 11 million points of sale. In addition, we continue to seek longer term opportunities in adjacent areas Beyond Nicotine focused on wellbeing and simulation. BAT employs over 48,000 people and generates over £25bn total revenue** across our three regions: - The United States of America - Americas & Europe (AME) - Asia Pacific, Middle East & Africa (APMEA) BAT is highly cash generative – we have returned c.£28bn of cash to shareholders in the past five years and expect to generate over £50bn*** free cash flow before dividends between 2024 and 2030. Going forward the key elements of capital allocation at BAT will include: - Continued investment in our transformation - Progressive dividends – building on our 25-year track record of consistent growth - Continued deleverage to a range of 2-2.5x adjusted net debt / adjusted EBITDA on an ex. Canada basis by 2026 - Sustainable share buybacks with £900m in FY25**** We have strong foundations, and a strategy for accelerated growth. We are confident this will create sustainable value for all our stakeholders. For more information, please visit www.bat.com/investors. March 2024 * Based on the weight of evidence and assuming a complete switch from cigarette smoking. These products are not risk free and are addictive. † Our Vapour product Vuse (including Alto, Solo, Ciro and Vibe), and certain products, including Velo, Grizzly, Kodiak, and Camel Snus, which are sold in the U.S., are subject to FDA regulation and no reduced-risk claims will be made as to these products without agency clearance. ^ Smokeless – refers to non-combustibles, including Vapour products, Heated Products, Modern Oral pouches and Traditional Oral. ** FY24 at current rates *** Cumulative free cash flow. **** Forward-looking statements involve risk and uncertainties and undue reliance should not be placed on such statements. Please see cautionary statement in our current annual report in Form 20-F: BAT 2024 ARA - Form 20F

Key Stats

• Today's Range: 4,819 to 4,951.52
• 50-Day Range: 4,142 to 4,926
• 52-Week Range: 3,265 to 5,326
• Volume: 1.71 billion shs
• Average Volume: 30.99 million shs
• Market Capitalization: £105.79 billion
• P/E Ratio: 14.00
• Dividend Yield: 4.97%
• Price Target: GBX 4,500
• Consensus Rating: Hold

British American Tobacco Stock Analysis - MarketRank™

British American Tobacco scored higher than 40% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.4 / 5
• Analyst Rating: Hold

Consensus Rating

British American Tobacco has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on no strong buy ratings, 3 buy ratings, 1 hold rating, and 1 sell rating.

Downside Risk

British American Tobacco has a consensus price target of GBX 4,500, representing about 8.1% downside from its current price of GBX 4,894.

Amount of Analyst Coverage

British American Tobacco has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of British American Tobacco is 14.02, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 44.53.

Price to Earnings Ratio vs. Sector

The P/E ratio of British American Tobacco is 14.02, which means that it is trading at a less expensive P/E ratio than the Consumer Defensive sector average P/E ratio of about 891.24.

Price to Earnings Growth Ratio

British American Tobacco has a PEG Ratio of 3.12. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

British American Tobacco has a P/B Ratio of 2.01. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for BATS.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

British American Tobacco is a leading dividend payer. It pays a dividend yield of 4.97%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

British American Tobacco does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of British American Tobacco is 68.82%. This payout ratio is at a healthy, sustainable level, below 75%.

News and Social Media

• Score: 2.8 / 5
• News Sentiment: 0.53

News Sentiment

British American Tobacco has a news sentiment score of 0.53. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Consumer Defensive companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for British American Tobacco this week, compared to 3 articles on an average week.

Search Interest

2 people have searched for BATS on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.

Company Ownership

• Score: 2.1 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, British American Tobacco insiders have sold 41.08% more of their company's stock than they have bought. Specifically, they have bought £284,913.82 in company stock and sold £401,967.72 in company stock.

Percentage Held by Insiders

0.12% of the stock of British American Tobacco is held by insiders.

Percentage Held by Institutions

75.56% of the stock of British American Tobacco is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Company Calendar

• Last Earnings: 2/12/2026
• Today: 5/21/2026

Industry, Sector and Symbol

• Stock Exchange: LON
• Sector: Consumer Defensive
• Industry: Tobacco
• Sub-Industry: Tobacco Products
• Current Symbol: LON:BATS
• CIK: N/A
• Web: www.bat.com
• Phone: +44-20-78452000
• Fax: N/A
• Employees: 52,000
• Year Founded: N/A

Price Target and Rating

• Average Price Target for British American Tobacco: GBX 4,500
• High Price Target: GBX 5,200
• Low Price Target: GBX 3,400
• Potential Upside/Downside: -8.0%
• Consensus Rating: Hold
• Rating Score (0-4): 2.40
• Research Coverage: 5 Analysts

Profitability

• EPS (Trailing Twelve Months): GBX 349.10
• Trailing P/E Ratio: 14.00
• Forward P/E Ratio: 13.52
• P/E Growth: 3.12
• Net Income: -£13.64 billion
• Net Margins: 30.23%
• Pretax Margin: N/A
• Return on Equity: 16.33%
• Return on Assets: 5.16%

Debt

• Debt-to-Equity Ratio: 74.60
• Current Ratio: 0.87
• Quick Ratio: 0.47

Sales & Book Value

• Annual Sales: £25.61 billion
• Price / Sales: 4.13
• Cash Flow: GBX 262.34 per share
• Price / Cash Flow: 18.64
• Book Value: GBX 2,440.20 per share
• Price / Book: 2.00

Miscellaneous

• Outstanding Shares: 2,163,804,000
• Free Float: N/A
• Market Cap: £105.79 billion
• Optionable: Not Optionable
• Beta: 0.12