British American Tobacco plc (BATS.L) Stock Price

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British American Tobacco plc Price

🇬🇧LSE·CLOSED

46.30GBP

Market closed

Today +/-

+0.16 GBP

Today %

+0.35 %

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British American Tobacco plc (BATS.L) — ISIN GB0002875804. The British American Tobacco plc stock price was 46.3 GBP in 2026. Revenue was 26.59 B GBP. Earnings were 8.04 B GBP. P/E ratio was 12.66. British American Tobacco plc operates in the Non-cyclical consumption sector.

British American Tobacco plc stock price

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Stock Price

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How to Read This Chart

This chart tracks the historical stock price of British American Tobacco plc over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how British American Tobacco plc stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing British American Tobacco plc's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

British American Tobacco plc Stock Price History

Date	British American Tobacco plc Price
2/26/2026	46.30 GBP
2/25/2026	46.14 GBP
2/24/2026	45.58 GBP
2/23/2026	45.98 GBP
2/20/2026	45.70 GBP
2/19/2026	44.74 GBP
2/18/2026	43.45 GBP
2/17/2026	43.25 GBP
2/16/2026	43.06 GBP
2/13/2026	43.34 GBP
2/12/2026	44.05 GBP
2/11/2026	44.27 GBP
2/10/2026	43.71 GBP
2/9/2026	44.57 GBP
2/6/2026	46.10 GBP
2/5/2026	45.56 GBP
2/4/2026	44.95 GBP
2/3/2026	45.07 GBP

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British American Tobacco plc Revenue, EBIT, Net Income

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EBIT

Net Income

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British American Tobacco plc Income Statement, Balance Sheet, Cash Flow Statement

Last updated Mar 5, 2026, 1:44 AM

REVENUE (B GBP)

REVENUE GROWTH (%)

GROSS MARGIN (%)

GROSS INCOME (B GBP)

NET INCOME (B GBP)

NET INCOME GROWTH (%)

SHARES (B)

DOCUMENTS

1991	1992	1993	1994	1995	1996	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e	2027e	2028e	2029e	2030e	2031e
17.43	18.7	20.77	21.14	23.38	15.97	16.36	9.91	11.95	12.17	12.6	11.95	12.04	13.21	9.33	9.76	10.02	12.12	14.21	14.88	15.4	15.19	15.26	13.97	13.1	14.13	19.56	24.49	25.88	25.78	25.68	27.66	27.28	25.87	25.61	26.59	27.53	28.92	28.72	27.43	26.74
–	7.27	11.08	1.78	10.60	-31.69	2.45	-39.42	20.51	1.87	3.54	-5.14	0.74	9.69	-29.40	4.69	2.62	21.00	17.21	4.75	3.47	-1.36	0.46	-8.45	-6.21	7.83	38.46	25.19	5.65	-0.39	-0.36	7.67	-1.35	-5.19	-0.99	3.83	3.51	5.07	-0.71	-4.50	-2.50
21.89	22.82	22.42	21.77	22.39	33.57	30.18	81.38	82.85	77.72	78.70	80.48	78.31	79.77	70.38	70.58	72.33	72.64	72.21	75.09	77.75	78.20	78.75	78.31	76.85	73.58	74.27	81.42	82.85	83.95	82.10	82.63	82.07	82.33	83.50	80.42	77.69	73.94	74.46	77.97	79.97
3.82	4.27	4.66	4.6	5.23	5.36	4.94	8.07	9.9	9.46	9.92	9.62	9.43	10.54	6.56	6.89	7.25	8.81	10.26	11.18	11.97	11.88	12.02	10.94	10.07	10.4	14.53	19.94	21.44	21.64	21.09	22.85	22.39	21.3	21.38	21.38	21.38	21.38	21.38	21.38	21.38
0.45	0.87	1.17	1.21	1.47	1.51	1	0.35	0.48	0.61	0.95	1.09	0.57	1.1	1.77	1.9	2.13	2.46	2.71	2.88	3.1	3.84	3.9	3.12	4.29	4.65	37.49	6.03	5.7	6.4	6.8	6.67	-14.37	3.07	7.76	8.04	8.64	9.17	10.05	0	0
–	91.83	34.52	3.08	22.16	2.31	-33.93	-65.23	39.31	27.18	55.46	14.59	-48.17	93.99	61.29	7.06	12.34	15.35	10.42	6.12	7.50	24.10	1.64	-20.21	37.72	8.34	706.48	-83.91	-5.44	12.20	6.27	-1.99	-315.53	-121.35	153.06	3.61	7.42	6.12	9.62	–	–
1.48	2.97	3.03	3.08	3.09	3.1	3.11	1.57	2.06	2.34	2.3	2.3	2.12	2.16	2.11	2.08	2.04	2.01	1.99	1.99	1.98	1.95	1.91	1.87	1.86	1.87	2.05	2.29	2.29	2.3	2.3	2.27	2.23	2.23	2.2	2.2	2.2	2.2	2.2	2.2	2.2
–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–

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Income Statement Key Figures

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Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales British American Tobacco plc generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue British American Tobacco plc retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare British American Tobacco plc's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares British American Tobacco plc has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against British American Tobacco plc's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

ASSETS

CASH BALANCE (B GBP)

RECEIVABLES (B GBP)

OTHER RECEIVABLES (M GBP)OTHER REC. (M GBP)

INVENTORIES (B GBP)

OTHER CURRENT ASSETS (B GBP)OTHER CURRENT LIAB. (B GBP)

CURRENT ASSETS (B GBP)

TANGIBLE ASSETS (B GBP)

LONG-TERM INVESTMENTS (B GBP)LONG-T. INVEST. (B GBP)

LONG-TERM RECEIVABLES (M GBP)LONG-T. REC. (M GBP)

INTANGIBLE ASSETS (B GBP)INTANGIBLE ASSETS (B GBP)

GOODWILL (B GBP)

OTHER NON-CURRENT ASSETS (B GBP)OTHER NON-CURRENT ASSETS (B GBP)

NON-CURRENT ASSETS (B GBP)

TOTAL ASSETS (B GBP)

LIABILITIES

COMMON STOCK (M GBP)

ADDITIONAL PAID-IN CAPITAL (B GBP)

RETAINED EARNINGS (B GBP)

OTHER EQUITY (B GBP)OTHER EQUITY (B GBP)

UNREALIZED GAINS/LOSSES (M GBP)UNREAL. GAINS/LOSSES (M GBP)

EQUITY (B GBP)

LIABILITIES (B GBP)

PROVISIONS (B GBP)

OTHER SHORT-TERM LIABILITIES (B GBP)OTHER SHORT-TERM LIAB. (B GBP)

SHORT-TERM DEBTS (B GBP)SHORT-TERM DEBTS (B GBP)

SHORT-TERM PORTION OF LONG-TERM DEBTS (B GBP)LONG-TERM DEBT PORTION (B GBP)

SHORT-TERM RECEIVABLES (B GBP)SHORT-TERM REC. (B GBP)

LONG-TERM LIABILITIES (B GBP)LONG-T. LIAB. (B GBP)

DEFERRED TAXES (B GBP)

OTHER LIABILITIES (B GBP)OTHER LIAB. (B GBP)

LONG-TERM LIABILITIES (B GBP)LONG-T. LIABILITIES (B GBP)

DEBT (B GBP)

TOTAL CAPITAL (B GBP)

1991	1992	1993	1994	1995	1996	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024

20.15	0.9	1.14	1.42	1.43	1.67	1.44	1.16	2.62	1.89	2.3	1.94	2.39	1.98	1.89	1.58	1.33	2.39	2.22	2.39	2.25	2.11	2.16	1.87	2	2.22	3.36	2.78	2.65	3.38	3.27	4.03	5.26	5.81
0.57	0.71	0.86	1.27	1.2	1.32	0.51	0.53	0.95	1.04	1	0.92	1.27	0.95	1.58	1.57	1.85	2.4	2.34	2.41	2.42	2.74	2.88	2.77	3.27	3.88	4.05	3.59	4.09	3.72	3.95	4.37	3.62	3.6
0	0	0	0	0	0	219	267	425	461	389	418	476	414	81	59	85	137	97	73	127	83	95	57	74	69	460	74	122	79	117	149	172	67
1.4	1.85	1.99	2.15	2.18	2.09	2.17	2.17	2.85	3.05	2.75	2.6	2.58	2.15	2.27	2.06	1.99	3.18	3.26	3.61	3.5	4.03	4.04	4.13	4.25	5.79	5.86	6.03	6.09	6	5.28	5.67	4.94	4.62
0.05	0.04	0.05	0.07	3.85	3.79	4.55	0.69	0.75	0.82	0.78	0.75	0.82	0.63	0.09	0.12	0.12	0.65	0.19	0.18	0.2	0.23	0.35	0.31	0.23	0.39	0.23	0.18	0.32	0.43	0.2	1.2	0.2	0.2
22.17	3.5	4.04	4.91	8.66	8.86	8.9	4.81	7.59	7.27	7.22	6.62	7.54	6.11	5.9	5.39	5.37	8.74	8.11	8.66	8.5	9.19	9.52	9.13	9.81	12.36	13.97	12.66	13.27	13.61	12.81	15.41	14.19	14.29
1.49	1.8	1.93	2.11	1.97	1.92	2.03	2.05	2.46	2.6	2.68	2.6	2.58	2.23	2.33	2.21	2.38	3.08	3.01	3.12	3.05	3.2	3.16	3	3.02	3.66	4.88	5.17	5.52	5.06	4.95	4.87	4.58	4.38
0.09	25.25	30.48	29.9	17.07	16.54	18.55	0.59	0.85	0.73	0.79	0.82	0.85	2.2	2.22	2.13	2.29	2.58	2.55	2.7	2.65	2.37	2.34	2.44	6.98	9.55	1.62	1.78	1.87	1.82	2	2.14	2.09	2.05
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	193	171	272	305	224	171	153	248	599	756	685	248	242	210	241	321	282
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0.13	0.16	0.93	0.9	0.8	0.87	0.92	0.96	0.96	1.11	1.09	73.64	77.85	74.47	72.02	72.43	81.12	54.47	53.15
0	0	0	0	0	0	0	0	5.34	7.16	6.55	6.25	8.01	7.14	7.99	7.35	7.94	11.39	11.33	11.66	11.12	10.79	10.25	9.84	9.32	11.02	44.15	46.16	44.32	43.32	43.19	47.96	41.09	41.13
4.13	2.14	2.82	3.07	17.52	19.61	21.78	0	0	0	0	0	0	0	0.61	0.57	0.59	0.64	0.55	0.66	0.63	0.64	0.5	0.64	1.02	1.49	2.05	2.05	1.31	1.62	1.77	1.81	1.98	3.62
5.71	29.19	35.23	35.08	36.56	38.07	42.37	2.64	8.64	10.49	10.01	9.67	11.44	11.57	13.14	12.39	13.36	18.81	18.51	19.2	18.62	18.14	17.36	17.04	21.7	27.41	127.09	133.69	127.73	124.08	124.56	138.14	104.53	104.61
27.88	32.69	39.27	39.99	45.22	46.93	51.27	7.45	16.23	17.75	17.23	16.29	18.98	17.68	19.05	17.78	18.73	27.55	26.61	27.86	27.12	27.33	26.88	26.17	31.52	39.77	141.05	146.34	141.01	137.69	137.37	153.55	118.72	118.9

369	370	770	770	772	775	777	393	605	575	575	576	550	535	524	517	506	506	506	506	506	507	507	507	507	507	614	614	614	614	614	614	614	585
0.44	0.42	0.26	0.12	0.15	0.13	0.1	0.48	0.51	0.55	0.57	0.6	0.66	1.6	3.87	0.05	0.05	3.91	0.06	0.06	0.06	0.07	0.07	0.07	0.08	0.08	0.09	0.09	0.09	0.1	0.11	0.11	0.12	0.12
2.15	3.06	3.65	3.59	4.32	4.29	3.61	-0.81	3.71	4.06	3.61	4.01	3.28	3.09	2.23	6.06	6.27	2.53	6.6	7.63	7.1	6.71	6.06	4.93	4.31	7.59	69.22	70.89	72.58	74.28	76.42	78.29	58.72	53.14
0.41	0.12	0.32	0.12	0.29	0.23	0.27	0	0	0	0	0	0	0	0	-0.17	0.05	0	0.27	0.83	0.32	0.01	0	0	0	0	-4.16	-1.09	-4.32	-7.33	-5.11	3.26	0.02	-0.01
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	179	179	179	179	0	0	0	0	196	185	192	161	185	209	197	224
3.37	3.98	5	4.59	5.53	5.43	4.75	0.06	4.82	5.18	4.75	5.19	4.48	5.22	6.63	6.46	6.88	6.94	7.61	9.21	8.17	7.47	6.63	5.51	4.89	8.18	65.95	70.69	69.16	67.82	72.22	82.48	59.66	54.05
1.66	2.1	2.16	2.81	4.01	4.2	0.72	0.76	1.33	1.49	1.52	1.3	1.31	0.83	2.88	2.77	2.98	4.72	4.73	5.34	5.17	5.83	5.74	5.52	5.94	7.34	8.91	10.63	9.73	9.69	9.58	10.45	9.7	9.55
0	0	0	0	0.04	0.05	1.05	1.05	1.82	2.02	1.81	1.8	2.56	1.99	0	0	0	0	0	0	0	0	0	0.01	0.02	0.03	0.47	0.49	0.49	0.52	0.47	0.55	0.59	0.58
18.42	20.8	25.48	25.41	0	0	2.29	0.63	0.72	0.91	1	0.92	1.06	0.99	0.75	0.63	0.72	1.46	0.82	0.98	0.91	0.68	0.72	0.75	0.86	1.49	1.25	1.46	1.52	1.72	1.56	2.97	1.64	4.87
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0.81	1.67	0.81	1.55	0.25	0.62	0.13	0.1	0.14
0	0	0	0	0	0	3.5	1.6	1.03	1.09	1.51	0.7	0	0	2.2	1.06	0.86	2.72	1.37	1.33	1.77	1.64	1.98	2.48	2.2	2.2	3.31	2.95	5.54	3.29	2.92	3.76	3.65	3.61
20.07	22.9	27.64	28.22	4.05	4.24	7.55	4.03	4.9	5.5	5.83	4.72	4.93	3.81	5.84	4.45	4.55	8.9	6.92	7.65	7.85	8.14	8.44	8.77	9.01	11.86	15.61	16.33	18.82	15.48	15.14	17.85	15.67	18.74
2.28	3.08	3.16	3.93	4.41	4.18	1.07	2.14	4.64	5.07	4.64	4.62	7.61	7.1	5.05	5.57	6.06	9.44	9.71	8.92	8.51	9.08	9.72	9.78	14.81	16.49	44.03	43.28	37.8	39.93	35.67	38.73	35.41	32.64
0	0	0	0	0	0	0.06	0.05	0.17	0.18	0.26	0.26	0.2	0.19	0.28	0.3	0.29	0.6	0.53	0.51	0.56	0.5	0.51	0.5	0.56	0.65	17.13	17.78	17.05	16.31	16.46	18.43	12.19	11.68
2.16	2.37	3.06	2.81	30.8	32.69	37.42	0.85	1.25	1.41	1.41	1.24	1.53	1.17	1	0.77	0.72	1.4	1.55	1.24	1.73	1.82	1.28	1.31	2.11	2.37	3.31	3.27	3.17	3.02	2.69	2.83	2.51	5.84
4.44	5.45	6.23	6.74	35.21	36.87	38.55	3.04	6.06	6.65	6.31	6.12	9.34	8.45	6.33	6.64	7.08	11.44	11.79	10.67	10.8	11.41	11.51	11.58	17.48	19.51	64.47	64.33	58.02	59.26	54.82	59.98	50.11	50.16
24.51	28.35	33.87	34.96	39.26	41.12	46.1	7.07	10.96	12.16	12.15	10.83	14.27	12.26	12.17	11.09	11.63	20.34	18.7	18.31	18.65	19.55	19.95	20.35	26.48	31.37	80.07	80.65	76.85	74.74	69.96	77.84	65.78	68.9
27.88	32.33	38.87	39.55	44.79	46.55	50.85	7.13	15.78	17.33	16.9	16.02	18.75	17.48	18.8	17.55	18.51	27.28	26.32	27.52	26.81	27.02	26.58	25.86	31.38	39.55	146.03	151.34	146.01	142.56	142.19	160.32	125.44	122.96

Details

Balance Sheet

ⓘ

What Is the Balance Sheet?

The balance sheet is a financial snapshot of British American Tobacco plc at a specific point in time. It follows the fundamental equation: Assets = Liabilities + Shareholders' Equity. Unlike the income statement (which covers a period), the balance sheet tells you what the company owns, what it owes, and what belongs to shareholders at a given date.

Assets

Current assets (cash, receivables, inventory) can be converted to cash within 12 months and indicate short-term liquidity. Non-current assets (property, equipment, intangible assets, goodwill) represent long-term investments. A high proportion of cash and short-term investments gives British American Tobacco plc financial flexibility to weather downturns, fund acquisitions, or return capital to shareholders.

Liabilities

Current liabilities (accounts payable, short-term debt) are obligations due within one year. Non-current liabilities (long-term debt, pension obligations) are due further out. Key ratio to watch: the debt-to-equity ratio (Total Debt ÷ Shareholders' Equity). A ratio below 1.0 is generally healthy, meaning the company is funded more by equity than debt. Highly leveraged companies amplify both gains and losses.

Shareholders' Equity

Equity is the residual value belonging to shareholders after all debts are paid. It includes retained earnings (accumulated profits not paid out as dividends) and paid-in capital. Rising equity year over year is a positive sign — it means British American Tobacco plc is building book value. Declining equity, especially when driven by losses or heavy share buybacks funded by debt, warrants closer scrutiny.

Key Ratios to Derive

From the balance sheet, you can calculate the current ratio (current assets ÷ current liabilities; above 1.5 is comfortable), book value per share (equity ÷ shares outstanding), and return on equity (net income ÷ equity; above 15 % is strong). Tracking these ratios over time reveals whether British American Tobacco plc is strengthening or weakening its financial position.

NET INCOME (B GBP)

DEPRECIATION AND AMORTIZATION B GBPDEPRECIATION (B GBP)

DEFERRED TAXES (M GBP)

CHANGES IN WORKING CAPITAL (B GBP)CHANGES IN WORKING CAPITAL (B GBP)

NON-CASH ITEM (B GBP)

PAID INTEREST (B GBP)

PAID TAXES (B GBP)

Net Cash Flow from Operating Activities (B GBP)NET CASH FLOW FROM OPERATING ACTIVITIES (B GBP)

CAPITAL EXPENDITURES (M GBP)

CASH FLOW FROM INVESTING ACTIVITIES (B GBP)CASH FLOW FROM INVESTING ACTIVITIES (B GBP)

CASH FLOW FROM OTHER INVESTING ACTIVITIES (B GBP)CASH FLOW FROM OTHER INVESTING ACTIVITIES (B GBP)

INTEREST INCOME AND EXPENSES (M GBP)

NET DEBT CHANGE (B GBP)NET DEBT CHANGE (B GBP)

Net change in equity (M GBP)NET CHANGE IN EQUITY (M GBP)

CASH FLOW FROM FINANCING ACTIVITIES (B GBP)CASH FLOW FROM FINANCING ACTIVITIES (B GBP)

OTHER ITEMS OF FINANCING CASH FLOWS (B GBP)CASH FLOW FROM OTHER FINANCING ACTIVITIES (B GBP)

TOTAL DIVIDENDS PAID (M GBP)

NET CHANGE IN CASH FLOW (B GBP)

FREE CASH FLOW (M GBP)

SHARE-BASED COMPENSATION (M GBP)

1991	1992	1993	1994	1995	1996	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
0.92	1.53	1.69	1.59	2.33	2.32	1.95	0.68	1.1	1.74	2.18	2.18	1.78	1.79	2.59	2.76	3.08	3.57	4.1	4.32	4.72	5.41	5.53	4.55	4.56	4.66	6.41	9.31	9.02	9.96	10.23	10.52	-15.75	2.74	10
0.18	0.21	0.24	0.26	0.27	0.3	0.32	0.3	0.51	0.78	0.79	0.72	0.88	0.85	0.38	0.4	0.34	0.43	0.61	0.9	0.82	0.48	0.48	0.4	0.43	0.61	0.82	0.99	1.45	1.3	1.08	1.31	28.61	3.1	2.55
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
-0.4	-0.6	-0.56	-0.45	-0.89	-0.77	-0.52	-0.32	-0.06	-0.8	-1.06	-1.18	-0.64	-1.05	-0.41	-0.6	-0.57	-0.32	-0.83	-0.72	-0.97	-1.46	-1.54	-1.35	-1.23	-0.65	-1.97	-0.06	-1.97	-1.63	-1.59	-1.07	-2.52	4.29	-6.41
-0.15	-0.06	-0.14	-0.05	-0.18	-0.14	-0.19	0	0	0	0	0	0	0	-0.24	-0.15	-0.19	-0.08	0.07	0.08	0.1	0.09	0.05	0.07	1.02	0.08	0.2	0.17	0.62	0.24	0.08	0.09	0.07	0.07	0
0.27	0.27	0.28	0.32	0.35	0.42	0.44	0.32	0.26	0.49	0.48	0.35	0.32	0.36	0.37	0.39	0.39	0.4	0.58	0.58	0.58	0.56	0.57	0.57	0.6	0.64	1.11	1.56	1.63	1.76	1.51	1.66	1.77	1.8	1.73
0.49	0.45	0.48	0.53	0.6	0.7	0.66	0.28	0.33	0.6	0.86	0.91	0.71	0.7	0.76	0.71	0.87	0.94	1.1	1.18	1.45	1.5	1.44	1.43	1.27	1.25	1.68	1.89	2.2	2.13	2.31	2.54	2.62	1.85	2.93
0.55	1.08	1.23	1.35	1.53	1.71	1.57	0.65	1.56	1.71	1.91	1.71	2.02	1.59	2.32	2.36	2.6	3.54	3.88	4.49	4.57	4.43	4.44	3.72	4.72	4.61	5.35	10.3	9	9.79	9.72	10.76	10.35	10.13	6.13
-351	-351	-410	-456	-412	-426	-424	-363	-340	-362	-515	-490	-428	-333	-381	-483	-482	-544	-554	-584	-617	-804	-721	-692	-601	-674	-978	-943	-815	-755	-745	-656	-601	-608	-704
-0.12	-1.06	-0.97	-1.64	-0.67	-0.73	-0.77	0.09	-1.84	0.5	-1.08	-0.54	-2.59	0.2	-0.29	-0.32	-0.12	-2.39	-0.59	-0.45	-0.71	-0.4	-0.34	-0.47	-3.99	-0.64	-18.54	-1.02	-0.64	-0.78	-1.14	-0.71	-0.3	1.38	1.39
0.24	-0.71	-0.56	-1.19	-0.25	-0.31	-0.35	0.46	-1.5	0.87	-0.57	-0.05	-2.16	0.53	0.09	0.17	0.36	-1.84	-0.04	0.13	-0.1	0.4	0.39	0.22	-3.39	0.03	-17.57	-0.08	0.18	-0.03	-0.4	-0.05	0.31	1.98	2.09
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
-0.16	0.36	-0.01	0.88	0.3	0.03	0.91	0	0	0	0	0	0	0	-0.18	-0.39	-0.01	2.76	-0.44	-0.71	0.04	0.71	1.01	0.67	4.9	-0.36	20.11	-3.49	-1.55	-0.97	-2.34	0.06	-1.8	-2.59	-0.3
11	9	6	7	16	13	19	42	3	-692	3	6	-693	-528	-519	-549	-764	-506	-87	-59	-873	-1,374	-1,579	-844	-42	-64	-205	-139	-117	-18	-82	-2,092	-110	-792	-1,173
-0.44	0.09	-0.11	0.6	-0.22	-1.1	-0.34	-0.62	0.32	-2.24	-0.63	-1.4	0.69	-1.75	-2.15	-2.34	-2.62	-0.37	-3.41	-3.86	-4.05	-3.95	-3.97	-3.47	-0.22	-4.23	14.76	-9.63	-8.59	-7.9	-8.75	-8.88	-9.31	-10.63	-8.76
0.17	0.25	0.17	0.18	0.2	-0.3	-0.37	0.03	0.85	-0.92	0.04	-0.66	2.2	-0.36	-0.54	-0.39	-0.65	-1.23	-1.08	-1.01	-0.86	-0.76	-0.78	-0.58	-2.31	-0.89	-1.68	-1.66	-2.33	-2.16	-1.43	-1.93	-2.35	-2.04	-2.06
-456	-528	-276	-470	-729	-841	-899	-696	-540	-634	-674	-747	-816	-856	-910	-1,008	-1,198	-1,393	-1,798	-2,093	-2,358	-2,538	-2,611	-2,712	-2,770	-2,910	-3,465	-4,347	-4,598	-4,745	-4,904	-4,915	-5,055	-5,213	-5,238
0	0.11	0.15	0.31	0.65	-0.13	0.46	0.12	0.03	-0.02	0.19	-0.22	0.13	0.05	-0.07	-0.39	-0.1	1.04	-0.24	0.2	-0.24	-0.1	-0.06	-0.28	0.24	-0.08	1.17	-0.49	-0.29	0.85	-0.43	1.61	0.44	0.59	-1.32
202	730	816	896	1,119	1,281	1,144	287	1,215	1,352	1,394	1,224	1,595	1,257	1,943	1,879	2,118	2,995	3,324	3,906	3,949	3,623	3,715	3,024	4,119	3,936	4,369	9,352	8,181	9,031	8,972	10,106	9,745	9,517	5,430
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

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British American Tobacco plc stock margins

The British American Tobacco plc margin analysis displays the gross margin, EBIT margin, as well as the profit margin of British American Tobacco plc. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for British American Tobacco plc.

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Gross margin

EBIT margin

Profit margin

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British American Tobacco plc Stock Sales Revenue, EBIT, Earnings per Share

The British American Tobacco plc earnings per share therefore indicates how much revenue British American Tobacco plc has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.

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Sales per Share

EBIT per share

Earnings per Share

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British American Tobacco plc business model

British American Tobacco PLC is one of the largest internationally operating tobacco companies in the world, with its headquarters in London, United Kingdom. The company has been successful in the market for over 100 years and has a long history in the tobacco industry.

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British American Tobacco plc SWOT Analysis

Strengths

British American Tobacco PLC (BAT) is one of the leading global tobacco companies, with a strong market presence and brand portfolio. The company has a long-standing history and heritage, which contributes to its strong reputation and consumer trust. BAT has a diverse range of tobacco products, catering to different market segments and consumer preferences.

BAT has a robust distribution network, enabling it to effectively reach its consumers worldwide. The company has a strong financial position, allowing it to invest in research and development, marketing activities, and strategic acquisitions. BAT's strong focus on innovation has resulted in the development of new tobacco products and reduced-risk alternatives, adapting to evolving consumer preferences and regulatory changes.

Weaknesses

BAT, like other tobacco companies, faces various challenges due to increased regulatory scrutiny and declining smoking prevalence in many markets. The negative health effects associated with tobacco consumption also pose a significant challenge to the industry. Additionally, BAT has a dependence on traditional tobacco products, making it vulnerable to potential shifts in consumer behavior towards alternative products or smoking cessation.

Opportunities

BAT can capitalize on the growing demand for reduced-risk alternatives to traditional cigarettes, such as e-cigarettes and heated tobacco products. The company can leverage its strong brand portfolio and global presence to expand its market share in emerging markets, where tobacco consumption rates remain relatively high. BAT can also explore strategic partnerships and collaborations to expand its product offerings and diversify into related industries, such as the cannabis market.

Threats

BAT operates in a highly regulated industry, facing increasing restrictions on tobacco advertising, packaging, and product promotion. The ongoing public health campaigns and anti-smoking initiatives pose a threat to tobacco companies, including BAT. Shifting societal attitudes towards smoking and health consciousness may result in further declines in tobacco consumption. BAT also faces competition from both traditional tobacco companies and emerging players in the reduced-risk product segment.

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British American Tobacco plc Eulerpool Fair Value

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Fair Value Estimate

ⓘ

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

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British American Tobacco plc historical P/E ratio, EBIT multiple, and P/S ratio

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Historical Valuation Multiples

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Price-to-Earnings Ratio (P/E)

The P/E ratio divides British American Tobacco plc's share price by its earnings per share. It tells you how many years of current earnings you are "paying for" when you buy the stock. A P/E of 20 means you pay $20 for every $1 of annual earnings. The S&P 500 historically trades at an average P/E of roughly 15–17. A P/E significantly above that may signal high growth expectations; one below may indicate undervaluation — or declining business quality.

Price-to-Sales Ratio (P/S)

The P/S ratio divides market capitalization by total revenue. Unlike the P/E ratio, it works even for companies that are not yet profitable, making it essential for evaluating high-growth firms. A P/S below 1.0 may indicate undervaluation, while ratios above 10 are typically reserved for fast-growing tech or SaaS companies with high expected future margins.

Price-to-EBIT Ratio

This ratio relates British American Tobacco plc's market price to its operating earnings, excluding the effects of debt structure and tax jurisdiction. It is particularly useful for comparing companies across different countries or with different levels of leverage, because it focuses purely on operational profitability. Lower values suggest cheaper operational earnings.

How to Use This Chart

This chart plots British American Tobacco plc's valuation multiples over time. Compare the current P/E, P/S, and P/EBIT to their own historical averages — if the current ratio is well below the multi-year average, the stock may be relatively cheap compared to its own track record. Combine this with industry comparisons: a P/E that looks high in absolute terms may be justified if British American Tobacco plc grows earnings faster than its peers.

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British American Tobacco plc annual returns

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Annual Return

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What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

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British American Tobacco plc shares outstanding

The number of shares was British American Tobacco plc in 2025 — This indicates how many shares 2.199 B is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.

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Number of stocks

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British American Tobacco plc Dividend History

38 years of dividend payments · 7 consecutive increases

YearAnnual DividendYoY ChangePayments

20260.61GBPYTD—1×

Mar 26, 20260.61GBP↑ 2.0%1/1

20252.4GBP↑ 2.0%4×

Mar 27, 20250.6GBP↑ 2.0%1/4

Jun 26, 20250.6GBP 0.0%2/4

Oct 2, 20250.6GBP 0.0%3/4

Dec 29, 20250.6GBP 0.0%4/4

20242.36GBP↑ 2.0%4×

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British American Tobacco plc dividend history and estimates

In 2025, British American Tobacco plc paid a dividend amounting to 2.4 GBP. Dividend means that British American Tobacco plc distributes a portion of its profits to its owners.

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Dividend

Dividend (Estimate)

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British American Tobacco plc dividend payout ratio

In 2025, British American Tobacco plc had a payout ratio of 73.99%. The payout ratio indicates the percentage of the company's profits that British American Tobacco plc distributes as dividends.

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Payout ratio

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Unfortunately, there are currently no price targets and forecasts available for British American Tobacco plc.

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British American Tobacco plc Earnings Estimates

Date	EPS estimate	Revenue Estimate	Quarterly report
2/7/2024	2.03GBP	14.63 BGBP	2023 Q4
7/25/2023	2.02GBP	14.69 BGBP	2023 Q2
2/9/2023	2.05GBP	15.4 BGBP	2022 Q4
7/27/2022	1.68GBP	13.1 BGBP	2022 Q2
2/11/2022	1.77GBP	13.53 BGBP	2021 Q4
7/28/2021	1.55GBP	12.26 BGBP	2021 Q2
2/17/2021	1.75GBP	13.62 BGBP	2020 Q4
7/31/2020	1.58GBP	12.38 BGBP	2020 Q2
2/27/2020	1.74GBP	13.6 BGBP	2019 Q4
8/1/2019	1.48GBP	12.27 BGBP	2019 Q2
2/28/2019	1.57GBP	12.87 BGBP	2018 Q4
7/26/2018	1.38GBP	11.81 BGBP	2018 Q2
2/22/2018	1.49GBP	13.09 BGBP	2017 Q4
7/27/2017	1.33GBP	7.79 BGBP	2017 Q2
2/23/2017	1.36GBP	8.35 BGBP	2016 Q4
7/28/2016	1.12GBP	6.66 BGBP	2016 Q2
2/25/2016	1.06GBP	6.7 BGBP	2015 Q4
7/29/2015	0.99GBP	6.47 BGBP	2015 Q2
2/26/2015	1.08GBP	7.28 BGBP	2014 Q4
7/30/2014	1.01GBP	6.88 BGBP	2014 Q2
2/27/2014	1.11GBP	7.85 BGBP	2013 Q4
7/31/2013	1.1GBP	7.76 BGBP	2013 Q2
2/28/2013	1.05GBP	8.04 BGBP	2012 Q4
7/25/2012	1.05GBP	7.69 BGBP	2012 Q2
7/27/2011	0.96GBP	7.6 BGBP	2011 Q2
2/24/2011	0.89GBP	7.79 BGBP	2010 Q4

EESG©

Eulerpool ESG Scorecard© for the British American Tobacco plc stock

86/100

Environment

Social

Governance

Environment

Scope 1 - Direct Emissions237,000

Scope 2 - Indirect emissions from purchased energy325,000

Scope 3 - Indirect emissions within the value chain5,479,000

Total CO₂ emissions562,000

CO₂ reduction strategy

Coal energy

Nuclear power

Animal experiments

Fur & Leather

Pesticides—

Palm Oil

Tobacco

Genetically modified organisms

Climate concept—

Sustainable forestry—

Recycling regulations

Environmentally friendly packaging

Hazardous substances

Fuel consumption and efficiency

Water consumption and efficiency

Social

Percentage of female employees34

Percentage of women in management—

Percentage of Asian employees—

Share of Asian management—

Percentage of Hispanic/Latino employees—

Hispano/Latino Management share—

Percentage of Black employees—

Black Management Share—

Percentage of white employees—

White Management Share—

Adult content

Alcohol

Weapons—

Firearms

Gambling

Military contracts

Human rights concept

Privacy concept—

Occupational health and safety

Catholic

Governance (Corporate Governance)

Environmental reporting

Stakeholder Engagement

Call Back Policies

Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

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British American Tobacco plc shareholders

%	Name	Stocks	Change	Date
15.18014%	Capital Research Global Investors	333,811,189	+162,940,467	7/9/2025
5.25122%	Spring Mountain Investments, Ltd.	115,474,398	-59,023,553	5/15/2025
4.46610%	Capital World Investors	98,209,449	+5,248,755	6/25/2025
3.36987%	Standard Bank Group Ltd	74,103,515	+74,103,515	1/29/2025
2.71546%	The Vanguard Group, Inc.	59,712,993	+549,516	7/4/2025
2.70670%	BlackRock Institutional Trust Company, N.A.	59,520,438	+167,058	8/1/2025
1.67341%	Wellington Management Company, LLP	36,798,216	+593,200	8/1/2025
1.59434%	GQG Partners, LLC	35,059,638	+6,049,974	3/31/2025
1.44957%	First Eagle Investment Management, L.L.C.	31,876,028	-102,476	7/4/2025
1.28804%	BlackRock Advisors (UK) Limited	28,323,956	-252,612	8/1/2025
0.61098%	BlackRock Investment Management (UK) Ltd.	13,435,490	-2,039,441	8/1/2025
0.60532%	Vanguard Global Advisers LLC	13,311,041	+7,388	3/31/2025
0.58044%	MFS Investment Management	12,763,898	+701,616	8/1/2025
0.57140%	State Street Global Advisors (UK) Ltd.	12,565,023		7/3/2025
0.55661%	Legal & General Investment Management Ltd.	12,239,792	-1,680,315	8/1/2025
0.52612%	Independent Franchise Partners LLP	11,569,413	-57,577	7/4/2025
0.51832%	Geode Capital Management, L.L.C.	11,397,855	+182,042	7/4/2025
0.49909%	Fidelity Institutional Asset Management	10,975,000	+265,000	3/31/2025
0.40434%	Janus Henderson Investors	8,891,327	+2,650,000	8/1/2025
0.37788%	Fidelity International	8,309,481		8/1/2025
0.37452%	State Street Global Advisors (US)	8,235,732	-1,300	8/1/2025
0.35302%	Mondrian Investment Partners Ltd.	7,762,871	+328,764	7/4/2025
0.34119%	Charles Schwab Investment Management, Inc.	7,502,746	+69,972	3/31/2025
0.32876%	Causeway Capital Management LLC	7,229,325	-298,544	7/4/2025
0.31391%	Schweizerische Nationalbank	6,902,879	+176,943	6/25/2025
0.30759%	British American Tobacco Employee Trust	6,763,796	+1,150,427	12/31/2024
0.28654%	GIC Private Limited	6,301,088	-402,665	8/1/2025
0.25078%	Federated Hermes Equity Management Company of Pennsylvania	5,514,695	+5,514,695	7/4/2025
0.24739%	Ninety One SA Pty Ltd.	5,440,151	+13,994	6/30/2025
0.23629%	National Pension Service	5,196,062	+290,149	3/31/2025
0.22512%	Commerzbank AG	4,950,407	-5,091	6/13/2025
0.21412%	Baillie Gifford & Co.	4,708,525	+385,993	3/31/2025
0.20964%	UBS Asset Management (UK) Ltd.	4,610,068	+23,437	7/4/2025
0.20058%	Nuveen LLC	4,410,814	+1,093,848	3/31/2025
0.19974%	Northern Trust Investments, Inc.	4,392,373	-239,458	6/23/2025
0.18899%	Artisan Partners Limited Partnership	4,155,901	-771,269	8/1/2025
0.18653%	Dimensional Fund Advisors, L.P.	4,101,852		7/3/2025
0.18626%	Royal London Asset Management Ltd.	4,095,764	+4,095,764	8/1/2025
0.18274%	Orbis Investment Management Ltd.	4,018,487	+1,410,562	7/3/2025
0.17907%	ING-DiBa AG	3,937,750	+3,937,750	10/15/2024
0.16296%	Schroder Investment Management Ltd. (SIM)	3,583,446	-31,379	6/25/2025
0.15833%	Sanlam Investment Management (Pty) Ltd.	3,481,711	-12,379	6/30/2025
0.15613%	HSBC Global Asset Management (UK) Limited	3,433,215	+1,646,302	8/1/2025
0.13867%	Coronation Fund Managers Limited	3,049,327		6/30/2025
0.13576%	Legal & General Investment Management Japan KK	2,985,317	-467,726	3/31/2025
0.13295%	Ninety One UK Limited	2,923,518	-948,085	3/31/2025
0.12821%	MandG Investment Managers (Pty) Ltd	2,819,364	-1,601,223	3/31/2025
0.12644%	Jupiter Asset Management Ltd.	2,780,453	-143,604	6/23/2025
0.12411%	INVESCO Asset Management Limited	2,729,120	-29,673	7/4/2025
0.11301%	Fidelity Investments Canada ULC	2,485,000	+385,000	3/31/2025
0.11114%	BlackRock Japan Co., Ltd.	2,443,901	-781,503	3/31/2025
0.10833%	T. Rowe Price International Ltd	2,382,222	+395,191	6/25/2025
0.10786%	T. Rowe Price Associates, Inc.	2,371,745	+458,222	6/25/2025
0.10673%	Fidelity Management & Research Company LLC	2,347,041	+19,720	7/3/2025
0.10526%	Liechtensteinische Landesbank AG	2,314,717	-91,869	6/25/2025
0.10435%	UBS Fund Management (Switzerland) AG	2,294,717	-466,648	6/25/2025
0.10340%	Scottish Friendly Asset Managers Limited	2,273,758	+23,418	5/31/2024
0.10216%	Burgundy Asset Management Ltd.	2,246,416	-90,463	3/31/2025
0.09837%	BlackRock Asset Management Deutschland AG	2,163,048	+14,051	8/1/2025
0.09709%	State Street Global Advisors (Japan) Co., Ltd.	2,134,936	+25,860	3/31/2025
0.09702%	DBX Advisors LLC.	2,133,411	+87,628	4/2/2025
0.09636%	Sjunde AP-fonden	2,118,944	+1,428,230	8/1/2025
0.09402%	Boston Partners	2,067,477	-12,982	7/3/2025
0.08589%	abrdn Alternative Investments Limited	1,888,744	+1,888,744	6/30/2025
0.08545%	DWS Investments UK Limited	1,879,034	+178,311	3/31/2025
0.08365%	Franklin Templeton Fund Management Limited	1,839,500	-82,000	7/4/2025
0.08190%	LGT Bank Ltd.	1,800,941	-88,449	3/24/2025
0.08162%	The National Farmers Union Mutual Insurance Society Limited	1,794,923	-110,100	6/25/2025
0.08077%	Abu Dhabi Investment Authority	1,776,183	-1,166,697	8/1/2025
0.08057%	DZ PRIVATBANK S.A.	1,771,793	-3,364,751	7/3/2025
0.07783%	azValor Asset Management SGIIC, SAU	1,711,557	-1,198,246	12/31/2024
0.07577%	Sumitomo Mitsui Trust Asset Management Co., Ltd.	1,666,286	+134,749	3/31/2025
0.07185%	Allianz Global Investors GmbH	1,579,980	-215,000	8/1/2025
0.06936%	abrdn Investments Limited	1,525,241	-30,614	3/31/2025
0.06892%	DWS Investment GmbH	1,515,457	+83,794	3/31/2025
0.06653%	Aegon Asset Management Ltd	1,462,953	+1,462,953	8/1/2025
0.06599%	Artemis Investment Management LLP	1,451,019		6/23/2025
0.06588%	Pacer Advisors, Inc.	1,448,602	+1,448,097	6/30/2025
0.06386%	Capital International, Inc.	1,404,257	-3,961,682	6/25/2025
0.06375%	JPMorgan Asset Management U.K. Limited	1,401,882	+19,672	6/25/2025
0.06368%	BlackRock Investment Management, LLC	1,400,378	-4,763	6/30/2025
0.06223%	Bank J. Safra Sarasin AG (Asset Management)	1,368,511	+55,372	6/25/2025
0.06204%	UBS Asset Management (Switzerland)	1,364,154	+39,773	7/31/2025
0.06030%	Quantex AG	1,326,000	-120,000	6/30/2025
0.05808%	Genus Capital Management Inc.	1,277,090	+9,200	8/1/2025
0.05759%	Bank Vontobel AG (Private Banking)	1,266,315	-561,256	6/25/2025
0.05735%	Bank CIC (Schweiz) AG	1,261,043	-412,465	3/24/2025
0.05457%	Macquarie Investment Management	1,200,000		5/31/2024
0.05385%	Mellon Investments Corporation	1,184,236	+29,954	7/31/2025
0.05356%	Heronbridge Investment Management LLP	1,177,738	-99,000	6/23/2025
0.05240%	1832 Asset Management L.P.	1,152,300	-161,900	3/31/2025
0.05037%	JP Morgan Asset Management	1,107,670	-19,333	6/25/2025
0.05007%	Hargreaves Lansdown Fund Managers Ltd.	1,101,092	+1,101,092	6/30/2025
0.05002%	abrdn Asia Limited	1,100,000		7/4/2025
0.04921%	Mackenzie Investments Europe Limited	1,082,219	+37,331	7/4/2025
0.04858%	BBVA Asset Management, S.A., S.G.I.I.C.	1,068,353	+24,684	7/4/2025
0.04746%	Teacher Retirement System of Texas	1,043,547	+436,808	3/31/2025
0.04691%	Troy Asset Management Limited	1,031,618	+423,021	8/1/2025
0.04684%	Capital International K.K.	1,030,055	+29,186	3/31/2025
0.04684%	Merseyside Pension Fund	1,030,000		6/23/2025

...

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British American Tobacco plc Executives and Management Board

Mr. Tadeu Marroco

(58)

Chief Executive Officer, Executive Director · since 2014

Compensation5.96 MGBP

Compensation5.96 M GBP

Mr. Luc Jobin

(65)

Independent Chairman of the Board · since 2003

728,000GBP

Compensation728,000 GBP

Ms. Holly Koeppel

(66)

Senior Non-Executive Independent Director

174,000GBP

Compensation174,000 GBP

Mr. Krishnan Anand

(67)

Non-Executive Independent Director

156,000GBP

Compensation156,000 GBP

Mr. J. Darrell Thomas

(64)

Non-Executive Independent Director

156,000GBP

Compensation156,000 GBP

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British American Tobacco plc Research

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Most common questions regarding British American Tobacco plc

British American Tobacco PLC is primarily present in various countries and regions around the world. With a strong international presence, the company operates in over 200 countries, spanning both developed and emerging markets. Some notable regions where British American Tobacco PLC has significant operations include Europe, the Americas, Africa, Asia-Pacific, and the Middle East. This diversified geographic presence allows the company to tap into a wide range of consumer markets, while leveraging its well-established brands and extensive distribution network. British American Tobacco PLC's global footprint positions it as one of the leading players in the tobacco industry.

British American Tobacco PLC (BAT) was founded in 1902 and is now one of the largest tobacco companies worldwide. The company operates in over 180 countries and employs more than 55,000 people. BAT has a diversified business model consisting of three main segments: tobacco products, next-generation products (NGPs), and tobacco substitute products. The tobacco segment includes the manufacturing and sale of cigarettes, rolling tobacco, and cigars. BAT owns some of the most well-known brands in the tobacco industry, such as Lucky Strike, Kent, and Pall Mall. The company also produces premium brands like Dunhill and Rothmans. NGP products, developed and manufactured by BAT, target consumers seeking alternative methods of nicotine intake. One of the most prominent NGP brands is Vype, an e-cigarette available in various flavors. Another example is tobacco heating products like the Glo. Tobacco substitutes, including medical nicotine, are also part of BAT's business model. The company has its own research and development department specialized in smoke-free products. As discussions about the harmfulness of tobacco products increase in society, BAT is expanding its business models into the realm of smoke-free alternatives. The e-cigarette brand Vype already represents a shift away from traditional tobacco products, generating about a fifth of the company's revenue by 2018. BAT is also committed to taking responsibility for the production and sale of tobacco products. The company has an extensive supply chain and a comprehensive social responsibility program that supports local social projects, sustainability, and other social responsibilities. Overall, BAT's business model is diversified and focused on growth. The company is capable of adapting its product portfolio to meet the changing needs of consumers. While operating according to international regulations, BAT maintains a culture of research and innovation. BAT specializes in providing high-quality tobacco products and relies on innovation to achieve long-term revenue growth.

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Fair ValuePRO

47.69 GBP

Over-/UndervaluationPRO

6.0% undervalued

Sector

Non-cyclical consumption

Industry

Tobacco

Number of shares

Employees

Revenue growth Ø5 years

-0.06 %

EBIT growth Ø5 years

-2.49 %

Net Income growth Ø5 years

2.68 %

Website

Country

United Kingdom 🇬🇧

Currency

GBP

Initial public offering

—

ISIN

GB0002875804

Cusip

G1510J102

Sedol

0287580

Market capitalization

0 GBP

52-Week Range

43.06–46.3GBP

British American Tobacco plc Directors Dealings

Quality Investing

Details

PEG

2.29

P/E ratio

13.11

P/Ee 2026

12.66

P/Ee 2027

11.78

P/Ee 2028

11.1

P/Ee 2029

10.13

P/Ee 2030

—

P/S

3.98

P/Se

3.83

EV/EBIT

—

P/B Ratio

—

ROE (Return on Equity)

6.18 %

ROA (Return on Assets)

2.58 %

ROCE (Return on Capital Employed)

20.58 %

ROIC (Return on Invested Capital)

3.8 %

PROUnlock all valuation metrics

Gross Margin

83.5 %

EBIT Margin

37.7 %

Net Margin

30.32 %

EPS (Earnings Per Share)

3.53 GBP

Net Debt / EBIT

—

Debt/Equity

0.73

Dividend

2.4 GBP

Dividend yield

5.19 %

Est. Dividend Yield

1.32 %

Payout Ratio

73.99 %

Dividend growth Ø5Y

3.43 %

Dividend payments per year

Dividend paid since

36 years+

Dividend not reduced since

7 years

Dividend increased since

7 years

Dividend withholding tax

0 %

Last updated Mar 5, 2026, 1:44 AM

British American Tobacco plc Peer Group

Imperial Brands PLC

British American Tobacco plc Ticker

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British American Tobacco plc FIGI

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All fundamentals about British American Tobacco plc

Our stock analysis for British American Tobacco plc Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of British American Tobacco plc Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.

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