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: 3,854 to 3,953
• 50-Day Range: 3,812 to 4,353
• 52-Week Range: 2,621.79 to 4,806
• Volume: 3.53 million shs
• Average Volume: 9.30 million shs
• Market Capitalization: £84.82 billion
• P/E Ratio: 2,789.46
• Dividend Yield: 0.06%
• Price Target: GBX 4,040
• Consensus Rating: Hold

British American Tobacco Stock Analysis - MarketRank™

British American Tobacco scored higher than 28% 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: 2.5 / 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 3 buy ratings, 1 hold rating, and 1 sell rating.

Upside/Downside

The consensus price target for British American Tobacco is close to its current price, suggesting limited near-term upside or downside.

Amount of Analyst Coverage

British American Tobacco has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of British American Tobacco is 2,789.46, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 281.41.

Price to Earnings Ratio vs. Sector

The P/E ratio of British American Tobacco is 2,789.46, which means that it is trading at a more expensive P/E ratio than the Consumer Defensive sector average P/E ratio of about 1,070.26.

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 1.59. 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: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

British American Tobacco is a leading dividend payer. It pays a dividend yield of 5.96%, 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 170.77%. Payout ratios above 75% are not desirable because they may not be sustainable.

Sustainability and ESG

• Score: 0.0 / 5
• Environmental Score: -4.00

Short Interest

There is no current short interest data available for BATS.

News and Social Media

• Score: 2.0 / 5
• News Sentiment: 0.62

News Sentiment

British American Tobacco has a news sentiment score of 0.62. 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 is a higher news sentiment than the 0.46 average news sentiment score of Consumer Defensive companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for British American Tobacco this week, compared to 5 articles on an average week.

Search Interest

Only 1 people have searched for BATS on MarketBeat in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

MarketBeat Follows

Only 3 people have added British American Tobacco to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, British American Tobacco insiders have bought more of their company's stock than they have sold. Specifically, they have bought £26,431.62 in company stock and sold GBX 0 in company stock.

Percentage Held by Insiders

Only 0.13% 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.

BATS Stock Analysis - Frequently Asked Questions

How have BATS shares performed this year?

British American Tobacco's stock was trading at GBX 2,880 at the start of the year. Since then, BATS stock has increased by 34.9% and is now trading at GBX 3,885.72.

How were British American Tobacco's earnings last quarter?

British American Tobacco p.l.c. (LON:BATS) posted its quarterly earnings results on Thursday, July, 31st. The company reported $162.90 earnings per share for the quarter. British American Tobacco had a negative net margin of 52.84% and a negative trailing twelve-month return on equity of 25.94%.

How do I buy shares of British American Tobacco?

Shares of BATS stock and other U.K. stocks can be purchased through online brokerage accounts that support trading on the London Stock Exchange (LSX). Some U.K. companies can be purchased through major U.S. brokerages in the form of American Depository Receipts (ADRs), which are placeholder equities held in a trust by a bank that represent shares of a foreign stock.

What other stocks do shareholders of British American Tobacco own?

Based on aggregate information from My MarketBeat watchlists, some other companies that British American Tobacco investors own include British American Tobacco (BTI), Imperial Brands (IMB), Vodafone Group Public (VOD), Ra International Group (RAI), BP (BP), Meta Platforms (META) and GSK (GSK).

Company Calendar

• Last Earnings: 7/31/2025
• Today: 9/24/2025
• Record date for 11/7 Dividend: 10/02/2025
• Ex-Dividend for 11/7 Dividend: 10/02/2025
• Dividend Payable: 11/07/2025

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 4,040
• High Price Target: GBX 5,200
• Low Price Target: GBX 3,300
• Potential Upside/Downside: +4.0%
• Consensus Rating: Hold
• Rating Score (0-4): 2.40
• Research Coverage: 5 Analysts

Profitability

• EPS (Trailing Twelve Months): GBX 1.39
• Trailing P/E Ratio: 2,789.46
• Forward P/E Ratio: 10.75
• P/E Growth: 3.12
• Net Income: -£13.64 billion
• Net Margins: -52.84%
• Pretax Margin: N/A
• Return on Equity: -25.94%
• Return on Assets: 5.16%

Debt

• Debt-to-Equity Ratio: 74.63
• Current Ratio: 0.88
• Quick Ratio: 0.47

Sales & Book Value

• Annual Sales: £25.60 billion
• Price / Sales: 3.31
• Cash Flow: GBX 208.50 per share
• Price / Cash Flow: 18.64
• Book Value: GBX 2,440.20 per share
• Price / Book: 1.59

Miscellaneous

• Outstanding Shares: 2,182,895,000
• Free Float: N/A
• Market Cap: £84.82 billion
• Optionable: Not Optionable
• Beta: 0.27