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

JSE:BTI Statistics

Total Valuation

JSE:BTI has a market cap or net worth of ZAR 2.05 trillion. The enterprise value is 2.73 trillion.

Market Cap	2.05T
Enterprise Value	2.73T

Important Dates

The last earnings date was Thursday, February 12, 2026.

Earnings Date	Feb 12, 2026
Ex-Dividend Date	Dec 24, 2025

Share Statistics

Current Share Class	2.17B
Shares Outstanding	n/a
Shares Change (YoY)	-1.17%
Shares Change (QoQ)	-0.54%
Owned by Insiders (%)	n/a
Owned by Institutions (%)	n/a
Float	2.04B

Valuation Ratios

The trailing PE ratio is 11.96 and the forward PE ratio is 12.07.

PE Ratio	11.96
Forward PE	12.07
PS Ratio	3.58
PB Ratio	1.91
P/TBV Ratio	n/a
P/FCF Ratio	15.85
P/OCF Ratio	14.48
PEG Ratio	n/a

Enterprise Valuation

The stock's EV/EBITDA ratio is 9.29, with an EV/FCF ratio of 21.15.

EV / Earnings	15.95
EV / Sales	4.91
EV / EBITDA	9.29
EV / EBIT	10.99
EV / FCF	21.15

Financial Position

The company has a current ratio of 0.87, with a Debt / Equity ratio of 0.73.

Current Ratio	0.87
Quick Ratio	0.56
Debt / Equity	0.73
Debt / EBITDA	2.96
Debt / FCF	6.06
Interest Coverage	5.50

Financial Efficiency

Return on equity (ROE) is 15.82% and return on invested capital (ROIC) is 9.68%.

Return on Equity (ROE)	15.82%
Return on Assets (ROA)	5.34%
Return on Invested Capital (ROIC)	9.68%
Return on Capital Employed (ROCE)	10.29%
Weighted Average Cost of Capital (WACC)	4.41%
Revenue Per Employee	11.94M
Profits Per Employee	3.58M
Employee Count	47,797
Asset Turnover	0.22
Inventory Turnover	0.99

Taxes

In the past 12 months, JSE:BTI has paid 46.66 billion in taxes.

Income Tax	46.66B
Effective Tax Rate	21.24%

Stock Price Statistics

The stock price has increased by +34.97% in the last 52 weeks. The beta is 0.06, so JSE:BTI's price volatility has been lower than the market average.

Beta (5Y)	0.06
52-Week Price Change	+34.97%
50-Day Moving Average	94,627.70
200-Day Moving Average	91,877.62
Relative Strength Index (RSI)	53.60
Average Volume (20 Days)	710,030

Short Selling Information

Short Interest	n/a
Short Previous Month	n/a
Short % of Shares Out	n/a
Short % of Float	n/a
Short Ratio (days to cover)	n/a

Income Statement

In the last 12 months, JSE:BTI had revenue of ZAR 570.70 billion and earned 171.08 billion in profits. Earnings per share was 77.79.

Revenue	570.70B
Gross Profit	471.69B
Operating Income	217.41B
Pretax Income	219.70B
Net Income	171.08B
EBITDA	262.02B
EBIT	217.41B
Earnings Per Share (EPS)	77.79

Balance Sheet

The company has 85.64 billion in cash and 781.51 billion in debt, with a net cash position of -695.87 billion.

Cash & Cash Equivalents	85.64B
Total Debt	781.51B
Net Cash	-695.87B
Net Cash Per Share	n/a
Equity (Book Value)	1.07T
Book Value Per Share	472.00
Working Capital	-41.00B

Cash Flow

In the last 12 months, operating cash flow was 141.33 billion and capital expenditures -12.28 billion, giving a free cash flow of 129.05 billion.

Operating Cash Flow	141.33B
Capital Expenditures	-12.28B
Free Cash Flow	129.05B
FCF Per Share	n/a

Margins

Gross margin is 82.65%, with operating and profit margins of 38.09% and 30.32%.

Gross Margin	82.65%
Operating Margin	38.09%
Pretax Margin	38.50%
Profit Margin	30.32%
EBITDA Margin	45.91%
EBIT Margin	38.09%
FCF Margin	22.61%

Dividends & Yields

This stock pays an annual dividend of 56.53, which amounts to a dividend yield of 0.06%.

Dividend Per Share	56.53
Dividend Yield	0.06%
Dividend Growth (YoY)	2.57%
Years of Dividend Growth	3
Payout Ratio	68.16%
Buyback Yield	1.17%
Shareholder Yield	1.23%
Earnings Yield	8.36%
FCF Yield	6.31%

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value
Lynch Upside
Graham Number
Graham Upside

Stock Splits

This stock does not have any record of stock splits.

Last Split Date	n/a
Split Type	n/a
Split Ratio	n/a

Scores

JSE:BTI has an Altman Z-Score of 1.64 and a Piotroski F-Score of 6. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score	1.64
Piotroski F-Score	6