British American Tobacco p.l.c. (BTI)

GB — Consumer Defensive Sector
Peers: MO  BUD  UL  MDLZ  TPB  RLX  PM  UVV  CL  MNST 

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Key Metrics & Ratings

  • symbol BTI
  • Rev/Share 11.4458
  • Book/Share 21.5173
  • PB 2.026
  • Debt/Equity 0.7318
  • CurrentRatio 0.8733
  • ROIC 0.0802

 

  • MktCap 94131535405.6032
  • FreeCF/Share 2.5882
  • PFCF 16.2548
  • PE 12.5061
  • Debt/Assets 0.3209
  • DivYield 0.052
  • ROE 0.1638

 

  • Rating A
  • Score 4
  • Recommendation Buy
  • P/E Score 4
  • DCF Score 5
  • P/B Score 3
  • D/E Score 2

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Initiation BTI Kepler -- Buy -- -- Dec. 12, 2025
Upgrade BTI Argus Hold Buy -- $62 Sept. 8, 2025
Downgrade BTI RBC Capital Mkts Sector Perform Underperform -- -- Sept. 2, 2025
Resumed BTI Jefferies -- Buy -- -- July 9, 2025
Resumed BTI BofA Securities -- Buy -- -- April 30, 2025
Upgrade BTI UBS Neutral Buy -- -- Jan. 27, 2025
Downgrade BTI Morgan Stanley Overweight Underweight -- $33 Oct. 3, 2024

News

British American Tobacco p.l.c. (BTI) Presents at Consumer Analyst Group of New York Conference 2026 Prepared Remarks Transcript
BTI
Published: February 18, 2026 by: Seeking Alpha
Sentiment: Neutral

British American Tobacco p.l.c. (BTI) Presents at Consumer Analyst Group of New York Conference 2026 Prepared Remarks Transcript

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image for news British American Tobacco p.l.c. (BTI) Presents at Consumer Analyst Group of New York Conference 2026 Prepared Remarks Transcript
British American Tobacco 2025 Earnings: Battleground United States
BTI
Published: February 13, 2026 by: Seeking Alpha
Sentiment: Positive

British American Tobacco p.l.c. reported 2025 adjusted EPS up 3.4% and net revenues of £25.6B, with currency-neutral growth of 2.1%. The article offers a fresh look at the company and includes details on its cigarette business and its efforts in the area of smoke-free products. I will discuss the reasons for the 37% year-over-year decline in BTI's operating cash flow, particularly in relation to the company's ability to continue to pay a growing dividend.

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image for news British American Tobacco 2025 Earnings: Battleground United States
British American Tobacco p.l.c. (BTI) Q4 2025 Earnings Call Transcript
BTI
Published: February 12, 2026 by: Seeking Alpha
Sentiment: Neutral

British American Tobacco p.l.c. (BTI) Q4 2025 Earnings Call Transcript

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image for news British American Tobacco p.l.c. (BTI) Q4 2025 Earnings Call Transcript
British American Tobacco: I Was Wrong, Growth Is Back (Rating Upgrade)
BTI
Published: February 12, 2026 by: Seeking Alpha
Sentiment: Positive

British American Tobacco p.l.c. is upgraded to a buy, driven by stronger-than-expected FY2025 results and renewed growth in its New Category segment. BTI's New Category revenue grew 7% in FY2025, with guidance for low double-digit growth in FY2026, supported by strong US performance and Vuse recovery. Operational efficiencies, including £2bn in expected savings by 2030 and AI-driven productivity initiatives, are boosting profitability and return on investment.

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image for news British American Tobacco: I Was Wrong, Growth Is Back (Rating Upgrade)
British American Tobacco: Repricing A Legacy Business
BTI
Published: February 11, 2026 by: Seeking Alpha
Sentiment: Positive

British American Tobacco has rebounded sharply, driven by profitable growth in its modern product portfolio and improving revenue outlook. BTI now guides for 2% FY2025 revenue growth, with mid-term targets of 3–5%, reflecting a positive shift from prior stagnation. Free cash flow remains robust, supporting ongoing deleveraging, dividend payouts below 50% of FCF, and renewed share buybacks.

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image for news British American Tobacco: Repricing A Legacy Business
Citi sees modest organic growth ahead of British American Tobacco's full-year results
BTI
Published: February 05, 2026 by: Proactive Investors
Sentiment: Neutral

Analysts forecast margin pressure and lower EPS but maintain 'buy' with 4,900p target Deutsche Bank has reiterated its 'buy' rating on British American Tobacco PLC (LSE:BATS) ahead of full-year results, forecasting a modest organic revenue rise but a dip in reported earnings as the group navigates a changing regulatory and competitive landscape. Analyst Damian McNeela expects revenue to fall 1.6% on a reported basis to £25.45bn for the 2025 financial year, though to rise 2.0% organically.

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image for news Citi sees modest organic growth ahead of British American Tobacco's full-year results
Here's How Not To Invest $100,000 In 2026
ARE, BTI, CAG, DOW, ECC, IBM, NEE, SCHD
Published: January 21, 2026 by: Seeking Alpha
Sentiment: Neutral

Retail investors repeatedly make avoidable mistakes that erode returns, especially in dividend investing. Before asking how to invest $100,000, let's look at how not to. Here are 5 blunders that you should avoid.

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The Financial Freedom Blueprint I Used To Achieve The Optionality To Retire In My 30s
BIZD, BTI, EPD, MAIN, O, SPY
Published: December 29, 2025 by: Seeking Alpha
Sentiment: Neutral

My durable income investing journey centers on three strategic levers: aggressive saving, income focus, and unemotional logic. Prioritizing savings as the first budget item and delaying gratification have been foundational for my financial independence. In the article I detail each strategic lever, which is critical for a truly successful wealth (durable income) compounding.

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British American Tobacco: The Case For Its Smokeless Future
BTI
Published: December 24, 2025 by: Seeking Alpha
Sentiment: Positive

British American Tobacco is positioned for growth through its smokeless transformation, notably with VELO's rapid US market share gains. BTI maintains robust cash flow conversion, supports a 5.4% dividend yield, and is expanding its share buyback program to £1.3B for FY2026. Despite legacy cigarette volume declines, BTI leverages pricing power and premium brands to sustain revenue and fund new category expansion.

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image for news British American Tobacco: The Case For Its Smokeless Future
Tobacco companies BAT and Imperial slip on Trump easing cannabis laws
BTI
Published: December 12, 2025 by: Proactive Investors
Sentiment: Negative

FTSE 100-listed tobacco giants British American Tobacco PLC (LSE:BATS) and Imperial Brands PLC (LSE:IMB) slumped as North American cannabis stocks surged on reports that President Trump is considering easing restrictions on the sale of marijuana. Trump may sign an executive order to reschedule marijuana at the federal level, potentially moving it from highly restricted Schedule I (which also includes drugs like heroin, LSD and ecstasy) to Schedule III, where drugs are recognized to have medical use and a moderate to low potential for abuse.

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image for news Tobacco companies BAT and Imperial slip on Trump easing cannabis laws
UVV or BTI: Which Is the Better Value Stock Right Now?
BTI, UVV
Published: December 11, 2025 by: Zacks Investment Research
Sentiment: Neutral

Investors with an interest in Tobacco stocks have likely encountered both Universal Corp. (UVV) and British American Tobacco (BTI). But which of these two stocks offers value investors a better bang for their buck right now?

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image for news UVV or BTI: Which Is the Better Value Stock Right Now?
British American Tobacco p.l.c. (BTI) Discusses Full Year Pre-Close Update With Focus on New Category Growth and US Market Momentum Transcript
BTI
Published: December 09, 2025 by: Seeking Alpha
Sentiment: Neutral

British American Tobacco p.l.c. (BTI) Discusses Full Year Pre-Close Update With Focus on New Category Growth and US Market Momentum Transcript

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image for news British American Tobacco p.l.c. (BTI) Discusses Full Year Pre-Close Update With Focus on New Category Growth and US Market Momentum Transcript
Is Your Retirement Income Enough? How I Leveled Up Mine With Covered Call ETFs
AMLP, BIP, BIZD, BTI, GPIX, HYG, IAUI, IYRI, IYZ, JBBB, JEPI, JEPQ, MSTY, PDI, PINE, QDTE, QQQ, SPY, SPYI, TBIL, TSLY, UTG, VNQ, XDTE
Published: December 03, 2025 by: Seeking Alpha
Sentiment: Neutral

Yield for traditional income sources have started to compress. For income-oriented investors, who seek to build a reliable passive income machine it causes a real headache. To hit a certain target income figure, investors have to assume either higher risks, extend time horizon or save/invest more capital.

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image for news Is Your Retirement Income Enough? How I Leveled Up Mine With Covered Call ETFs
3 Dividend Stocks Wall Street is Piling Into Before 2026
BTI, JNJ, KO
Published: December 02, 2025 by: 24/7 Wall Street
Sentiment: Positive

There is an apparent shift in how Wall Street views the stock market, as retail investors are increasingly doubting the AI rally.

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UVV vs. BTI: Which Stock Is the Better Value Option?
BTI, UVV
Published: November 25, 2025 by: Zacks Investment Research
Sentiment: Neutral

Investors looking for stocks in the Tobacco sector might want to consider either Universal Corp. (UVV) or British American Tobacco (BTI). But which of these two stocks presents investors with the better value opportunity right now?

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image for news UVV vs. BTI: Which Stock Is the Better Value Option?
UVV or BTI: Which Is the Better Value Stock Right Now?
BTI, UVV
Published: November 07, 2025 by: Zacks Investment Research
Sentiment: Positive

Investors interested in Tobacco stocks are likely familiar with Universal Corp. (UVV) and British American Tobacco (BTI). But which of these two companies is the best option for those looking for undervalued stocks?

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image for news UVV or BTI: Which Is the Better Value Stock Right Now?
British American Tobacco: No Longer Offers Compelling Growth, Prompting Full Exit
BTI
Published: October 17, 2025 by: Seeking Alpha
Sentiment: Positive

British American Tobacco (BTI) no longer offers compelling long-term growth, prompting a full exit after strong capital gains. BTI's New Categories segment underperformed expectations, widening the gap with Philip Morris (PM), which leads in smokeless products innovation. BTI's capital allocation choices, such as increased buybacks over growth investment, signal short-term focus and limit organic revenue prospects.

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image for news British American Tobacco: No Longer Offers Compelling Growth, Prompting Full Exit
British American Tobacco Still Warrants A Premium P/E (Rating Downgrade)
BTI
Published: September 26, 2025 by: Seeking Alpha
Sentiment: Neutral

British American Tobacco is downgraded to a "Hold" after a 46% return, with shares now near fair value. BTI's U.S. operations delivered strong results, offsetting overseas weakness, and management guides toward the upper end of 2025 revenue growth. Valuation justifies a modest P/E premium, but technicals suggest a potential pullback to the $48-$49 range could offer a compelling entry point.

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image for news British American Tobacco Still Warrants A Premium P/E (Rating Downgrade)
British American Tobacco: Hold After Rally For NTM 6%+ Dividend Yield + Annual Buybacks
BTI
Published: September 26, 2025 by: Seeking Alpha
Sentiment: Positive

British American Tobacco has transitioned from deep value to fair value as a number of catalysts through 2024/2025 ignite the share price. BTI's smokeless portfolio, especially Velo nicotine pouches, is benefiting from global trends, with the nicotine pouch market projected to grow at a 29% CAGR. At current prices, BTI offers a forward dividend yield of 6.3% plus moderate buybacks, but valuation now approaches fair value, supporting a 'hold' rating.

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image for news British American Tobacco: Hold After Rally For NTM 6%+ Dividend Yield + Annual Buybacks
British American Tobacco: A Case For Further Upside
BTI
Published: August 07, 2025 by: Seeking Alpha
Sentiment: Positive

British American Tobacco's share price continues to rise, with support from its recent interim results. There could be even further upside ahead. H1 2025 results met expectations, with new categories showing increasing revenue and profit contributions, setting up for stronger H2 performance. Despite a slight downward revision in net income estimates, BTI's forward P/E remains attractive versus the consumer staples sector and peers.

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image for news British American Tobacco: A Case For Further Upside
British American Tobacco: The Market Finally Noticed, But The Big Discount Is Gone
BTI
Published: July 31, 2025 by: Seeking Alpha
Sentiment: Positive

BTI's valuation has re-rated from deep value to closer to fair value, reducing the margin of safety and expected returns for new buyers. While still attractive and defensive, BTI is no longer the bargain it once was; I downgrade it from 'strong buy' to 'buy'. Recent results show resilient business performance, improving debt metrics, and promising growth in modern oral products, but vaping faces headwinds.

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image for news British American Tobacco: The Market Finally Noticed, But The Big Discount Is Gone
British American Tobacco H1: Stock Price Up, Vuse Disappoints, I Sell Some Shares
BTI
Published: July 31, 2025 by: Seeking Alpha
Sentiment: Positive

British American Tobacco p.l.c.'s share price has surged 46% YTD, outpacing fundamentals and prompting me to trim my position and shift to a Hold rating. Growth in smokeless products remains disappointing, especially compared to Philip Morris, with Vuse sales declining and overall innovation lagging. Debt sustainability has improved significantly, aided by ITC stake sales, and the dividend remains attractive and well-covered at a 54% payout ratio.

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image for news British American Tobacco H1: Stock Price Up, Vuse Disappoints, I Sell Some Shares
5 Stocks Yielding 6% and More You Can Buy Now and Forget About Forever
BTI, ET, MAIN, PFE, VZ
Published: July 24, 2025 by: 24/7 Wall Street
Sentiment: Positive

Investors love dividend stocks, especially those with high yields, because they provide a substantial income stream and offer significant total return potential.

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6 International Stocks To buy in July
ASML, BTI, NVO, SHOP, TSM, VALE
Published: June 27, 2025 by: 24/7 Wall Street
Sentiment: Positive

With over $5 trillion of new investment commitments to date, the U.S.

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How To Build A $1,000,000 Dividend Portfolio That Could Yield 11%+ In 15 Years
AAPL, ALIZF, ALIZY, AMZN, ARCC, ARE, BAC, BBSEY, BEP, BHP, BLK, BTI, GOOG, GOOGL, HDV, JNJ, JPM, KO, LIN, LVMHF, MA, MAIN, MO, MSFT, NKE
Published: June 24, 2025 by: Seeking Alpha
Sentiment: Positive

The Dividend Income Accelerator Portfolio balances income, growth, and capital appreciation, now enhanced by the global diversification from Allianz and LVMH. We focus on financially healthy companies with sustainable dividends and strong competitive advantages, optimizing risk-reward through sector and geographic diversification. The portfolio's Weighted Average Dividend Yield [FWD] of 4.05% and 5-Year Weighted Average Dividend Growth Rate [CAGR] of 7.06% project a Yield on Cost above 11% in 15 years.

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4 Cheap Dividend Stocks Under $50 That Keep Raising Payouts
BTI, EPD, KMI, PFE
Published: June 12, 2025 by: 24/7 Wall Street
Sentiment: Positive

These four dividend stocks are trading below $50 and have a yield higher than 4%.

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British American Tobacco (BTI) Upgraded to Buy: Here's Why
BTI
Published: June 06, 2025 by: Zacks Investment Research
Sentiment: Positive

British American Tobacco (BTI) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

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image for news British American Tobacco (BTI) Upgraded to Buy: Here's Why
Should Value Investors Buy British American Tobacco (BTI) Stock?
BTI
Published: June 06, 2025 by: Zacks Investment Research
Sentiment: Positive

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

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image for news Should Value Investors Buy British American Tobacco (BTI) Stock?
British American Tobacco: Positive Trading Update, Upgraded Outlook
BTI
Published: June 05, 2025 by: Seeking Alpha
Sentiment: Positive

With the price upside for 2025 projected for BAT exhausted now since the time I last checked on it, another look at it was warranted. The company's just released trading update adds further insight into this update, especially as it includes a revenue outlook upgrade. Updated estimates reveal that the stock is in a strong position compared with peers in terms of market valuations, and its dividend yield continues to add to its appeal.

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image for news British American Tobacco: Positive Trading Update, Upgraded Outlook
Dividend Harvesting Portfolio Week 222: $22,200 Allocated, $2,268.90 In Projected Dividends
ARE, BP, BST, BTI, CRM, MO, NVDA, PDI
Published: June 05, 2025 by: Seeking Alpha
Sentiment: Positive

The Dividend Harvesting Portfolio rebounded strongly, hitting a new record value and delivering a 25% return on invested capital with robust income growth. I continue to focus on diversification, risk mitigation, and recurring income, adding to NNN REIT, BP, and MSTY for their strong yields and income potential. Dividend income is up significantly year-over-year, and I expect to surpass $2,500 in forward annualized income by year-end, revising projections higher.

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image for news Dividend Harvesting Portfolio Week 222: $22,200 Allocated, $2,268.90 In Projected Dividends

About British American Tobacco p.l.c. (BTI)

  • IPO Date 1980-04-14
  • Website https://www.bat.com
  • Industry Tobacco
  • CEO Tadeu Luiz Marroco
  • Employees 48989

British American Tobacco p.l.c. provides tobacco and nicotine products to consumers in the Americas, Europe, the Asia-Pacific, the Middle East, Africa, and the United States. It offers vapour, heated, and modern oral nicotine products; combustible cigarettes; and traditional oral products, such as snus and moist snuff. The company provides its products under the Vuse, glo, Velo, Grizzly, Kodiak, Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Newport, Natural American Spirit, and Camel brands. The company distributes its products to retail outlets. British American Tobacco p.l.c. was founded in 1902 and is based in London, the United Kingdom.