Logo image of BMT.DE

BRITISH AMERICAN TOBACCO PLC (BMT.DE) Stock Fundamental Analysis

FRA:BMT - Deutsche Boerse Ag - GB0002875804 - Common Stock - Currency: EUR

49.9  +1.1 (+2.25%)

Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to BMT. BMT was compared to 4 industry peers in the Tobacco industry. Both the profitability and the financial health of BMT get a neutral evaluation. Nothing too spectacular is happening here. BMT has a valuation in line with the averages, but on the other hand it scores bad on growth.


Dividend Valuation Growth Profitability Health

Quickly go to:

4

1. Profitability

1.1 Basic Checks

BMT had positive earnings in the past year.
BMT had a positive operating cash flow in the past year.
BMT had positive earnings in 4 of the past 5 years.
Each year in the past 5 years BMT had a positive operating cash flow.
BMT.DE Yearly Net Income VS EBIT VS OCF VS FCFBMT.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10B -10B 20B 30B

1.2 Ratios

Looking at the Return On Assets, with a value of 3.46%, BMT is doing worse than 75.00% of the companies in the same industry.
BMT has a Return On Equity of 8.28%. This is in the better half of the industry: BMT outperforms 75.00% of its industry peers.
BMT has a Return On Invested Capital of 1.93%. This is in the lower half of the industry: BMT underperforms 75.00% of its industry peers.
The Average Return On Invested Capital over the past 3 years for BMT is significantly below the industry average of 21.03%.
The last Return On Invested Capital (1.93%) for BMT is well below the 3 year average (7.24%), which needs to be investigated, but indicates that BMT had better years and this may not be a problem.
Industry RankSector Rank
ROA 3.46%
ROE 8.28%
ROIC 1.93%
ROA(3y)-1.73%
ROA(5y)0.88%
ROE(3y)-4.1%
ROE(5y)1.61%
ROIC(3y)7.24%
ROIC(5y)6.81%
BMT.DE Yearly ROA, ROE, ROICBMT.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 60 80

1.3 Margins

BMT has a Profit Margin (15.89%) which is in line with its industry peers.
In the last couple of years the Profit Margin of BMT has declined.
BMT has a Operating Margin of 10.62%. This is in the lower half of the industry: BMT underperforms 75.00% of its industry peers.
In the last couple of years the Operating Margin of BMT has remained more or less at the same level.
BMT has a Gross Margin of 82.85%. This is amongst the best in the industry. BMT outperforms 100.00% of its industry peers.
In the last couple of years the Gross Margin of BMT has remained more or less at the same level.
Industry RankSector Rank
OM 10.62%
PM (TTM) 15.89%
GM 82.85%
OM growth 3Y-2.51%
OM growth 5Y0.86%
PM growth 3Y-23.49%
PM growth 5Y-11.66%
GM growth 3Y0.09%
GM growth 5Y-0.13%
BMT.DE Yearly Profit, Operating, Gross MarginsBMT.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50 -50 100 150

More info and screens

4

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), BMT is destroying value.
Compared to 1 year ago, BMT has less shares outstanding
BMT has less shares outstanding than it did 5 years ago.
BMT has a better debt/assets ratio than last year.
BMT.DE Yearly Shares OutstandingBMT.DE Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B
BMT.DE Yearly Total Debt VS Total AssetsBMT.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50B 100B 150B

2.2 Solvency

Based on the Altman-Z score of 1.31, we must say that BMT is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of BMT (1.31) is comparable to the rest of the industry.
The Debt to FCF ratio of BMT is 3.88, which is a good value as it means it would take BMT, 3.88 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 3.88, BMT is in line with its industry, outperforming 50.00% of the companies in the same industry.
BMT has a Debt/Equity ratio of 0.66. This is a neutral value indicating BMT is somewhat dependend on debt financing.
BMT has a better Debt to Equity ratio (0.66) than 100.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.66
Debt/FCF 3.88
Altman-Z 1.31
ROIC/WACC0.25
WACC7.67%
BMT.DE Yearly LT Debt VS Equity VS FCFBMT.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20B 40B 60B

2.3 Liquidity

BMT has a Current Ratio of 0.76. This is a bad value and indicates that BMT is not financially healthy enough and could expect problems in meeting its short term obligations.
BMT has a better Current ratio (0.76) than 75.00% of its industry peers.
BMT has a Quick Ratio of 0.76. This is a bad value and indicates that BMT is not financially healthy enough and could expect problems in meeting its short term obligations.
BMT has a Quick ratio of 0.52. This is in the better half of the industry: BMT outperforms 75.00% of its industry peers.
Industry RankSector Rank
Current Ratio 0.76
Quick Ratio 0.52
BMT.DE Yearly Current Assets VS Current LiabilitesBMT.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B

More info and screens

3

3. Growth

3.1 Past

BMT shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -2.23%.
The Earnings Per Share has been growing slightly by 2.28% on average over the past years.
BMT shows a decrease in Revenue. In the last year, the revenue decreased by -5.19%.
BMT shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -0.01% yearly.
EPS 1Y (TTM)-2.23%
EPS 3Y3.29%
EPS 5Y2.28%
EPS Q2Q%-4.31%
Revenue 1Y (TTM)-5.19%
Revenue growth 3Y0.24%
Revenue growth 5Y-0.01%
Sales Q2Q%-2.2%

3.2 Future

The Earnings Per Share is expected to grow by 1.86% on average over the next years.
BMT is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.14% yearly.
EPS Next Y-1.18%
EPS Next 2Y2.41%
EPS Next 3Y3.5%
EPS Next 5Y1.86%
Revenue Next Year-2.17%
Revenue Next 2Y0.01%
Revenue Next 3Y1.11%
Revenue Next 5Y1.14%

3.3 Evolution

The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
BMT.DE Yearly Revenue VS EstimatesBMT.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 5B 10B 15B 20B 25B
BMT.DE Yearly EPS VS EstimatesBMT.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1 2 3 4

More info and screens

5

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 12.17, which indicates a correct valuation of BMT.
BMT's Price/Earnings ratio is a bit cheaper when compared to the industry. BMT is cheaper than 75.00% of the companies in the same industry.
BMT is valuated cheaply when we compare the Price/Earnings ratio to 26.41, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 11.36, which indicates a very decent valuation of BMT.
BMT's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. BMT is cheaper than 75.00% of the companies in the same industry.
BMT's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 33.87.
Industry RankSector Rank
PE 12.17
Fwd PE 11.36
BMT.DE Price Earnings VS Forward Price EarningsBMT.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of BMT indicates a slightly more expensive valuation: BMT is more expensive than 75.00% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, BMT is valued a bit cheaper than the industry average as 75.00% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 9.92
EV/EBITDA 21.38
BMT.DE Per share dataBMT.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 -10 20 -20

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)5.33
EPS Next 2Y2.41%
EPS Next 3Y3.5%

More info and screens

4

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 5.74%, BMT is a good candidate for dividend investing.
BMT's Dividend Yield is comparable with the industry average which is at 5.41.
BMT's Dividend Yield is rather good when compared to the S&P500 average which is at 2.39.
Industry RankSector Rank
Dividend Yield 5.74%

5.2 History

The dividend of BMT has a limited annual growth rate of 3.19%.
Dividend Growth(5Y)3.19%
Div Incr Years7
Div Non Decr Years7
BMT.DE Yearly Dividends per shareBMT.DE Yearly Dividends per shareYearly Dividends per share 2018 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5 2 2.5

5.3 Sustainability

126.87% of the earnings are spent on dividend by BMT. This is not a sustainable payout ratio.
BMT's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP126.87%
EPS Next 2Y2.41%
EPS Next 3Y3.5%
BMT.DE Yearly Income VS Free CF VS DividendBMT.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10B -10B 20B 30B
BMT.DE Dividend Payout.BMT.DE Dividend Payout, showing the Payout Ratio.BMT.DE Dividend Payout.PayoutRetained Earnings

More info and screens

BRITISH AMERICAN TOBACCO PLC

FRA:BMT (8/11/2025, 7:00:00 PM)

49.9

+1.1 (+2.25%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryTobacco
Earnings (Last)07-31 2025-07-31/bmo
Earnings (Next)N/A N/A
Inst Owners53.42%
Inst Owner ChangeN/A
Ins Owners0.08%
Ins Owner ChangeN/A
Market Cap109.06B
Analysts77.89
Price Target48.32 (-3.17%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.74%
Yearly Dividend2.7
Dividend Growth(5Y)3.19%
DP126.87%
Div Incr Years7
Div Non Decr Years7
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)12.54%
PT rev (3m)15.68%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-1.86%
Revenue NY rev (3m)-1.94%
Valuation
Industry RankSector Rank
PE 12.17
Fwd PE 11.36
P/S 3.65
P/FCF 9.92
P/OCF 9.32
P/B 1.9
P/tB N/A
EV/EBITDA 21.38
EPS(TTM)4.1
EY8.22%
EPS(NY)4.39
Fwd EY8.8%
FCF(TTM)5.03
FCFY10.08%
OCF(TTM)5.35
OCFY10.73%
SpS13.67
BVpS26.24
TBVpS-23.59
PEG (NY)N/A
PEG (5Y)5.33
Profitability
Industry RankSector Rank
ROA 3.46%
ROE 8.28%
ROCE 2.74%
ROIC 1.93%
ROICexc 2.05%
ROICexgc 2761.69%
OM 10.62%
PM (TTM) 15.89%
GM 82.85%
FCFM 36.79%
ROA(3y)-1.73%
ROA(5y)0.88%
ROE(3y)-4.1%
ROE(5y)1.61%
ROIC(3y)7.24%
ROIC(5y)6.81%
ROICexc(3y)7.6%
ROICexc(5y)7.1%
ROICexgc(3y)1378.99%
ROICexgc(5y)906.22%
ROCE(3y)10.3%
ROCE(5y)9.7%
ROICexcg growth 3Y160.63%
ROICexcg growth 5Y62.99%
ROICexc growth 3Y5.7%
ROICexc growth 5Y5.98%
OM growth 3Y-2.51%
OM growth 5Y0.86%
PM growth 3Y-23.49%
PM growth 5Y-11.66%
GM growth 3Y0.09%
GM growth 5Y-0.13%
F-Score6
Asset Turnover0.22
Health
Industry RankSector Rank
Debt/Equity 0.66
Debt/FCF 3.88
Debt/EBITDA 5.58
Cap/Depr 19.61%
Cap/Sales 2.35%
Interest Coverage 1.53
Cash Conversion 173.17%
Profit Quality 231.61%
Current Ratio 0.76
Quick Ratio 0.52
Altman-Z 1.31
F-Score6
WACC7.67%
ROIC/WACC0.25
Cap/Depr(3y)23.99%
Cap/Depr(5y)39.87%
Cap/Sales(3y)2.31%
Cap/Sales(5y)2.55%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-2.23%
EPS 3Y3.29%
EPS 5Y2.28%
EPS Q2Q%-4.31%
EPS Next Y-1.18%
EPS Next 2Y2.41%
EPS Next 3Y3.5%
EPS Next 5Y1.86%
Revenue 1Y (TTM)-5.19%
Revenue growth 3Y0.24%
Revenue growth 5Y-0.01%
Sales Q2Q%-2.2%
Revenue Next Year-2.17%
Revenue Next 2Y0.01%
Revenue Next 3Y1.11%
Revenue Next 5Y1.14%
EBIT growth 1Y-78.23%
EBIT growth 3Y-2.28%
EBIT growth 5Y0.85%
EBIT Next Year6.23%
EBIT Next 3Y4.5%
EBIT Next 5Y4.16%
FCF growth 1Y-9.2%
FCF growth 3Y1.99%
FCF growth 5Y3.07%
OCF growth 1Y-8.64%
OCF growth 3Y1.38%
OCF growth 5Y2.39%