British American Tobacco announced that it remains on track to reach the lower end of medium-term guidance (3%-5% revenue growth and 4%-6% adjusted profit from operations) for 2026. In reduced risk (18% of 2025 revenue), pouch and vape revenue grew, but heated tobacco sales declined.
The acquisition of Reynolds American gave BAT arguably the second-best position in the US cigarette market, a high-margin market with headroom to raise prices and optionality in the heated tobacco market.
British American Tobacco’s leadership in vaping matters leaves it exposed to the massive threat from the illicit market in that category.
|
Metric
|
BATS
|
IMBBY
|
MO
|
|---|---|---|---|
Price/Earnings (Normalized) | 12.76 | 11.03 | 13.24 |
Price/Book Value | 2.19 | 5.43 | — |
Price/Sales | 3.98 | 0.69 | 6.01 |
Price/Cash Flow | 11.96 | 7.36 | 13.07 |
|
Metric
|
BATS
|
IMBBY
|
MO
|
|---|---|---|---|
Quick Ratio | 0.54 | 0.31 | 0.45 |
Current Ratio | 0.87 | 0.70 | 0.62 |
Interest Coverage | 6.01 | 6.31 | 9.92 |
|
Metric
|
BATS
|
IMBBY
|
MO
|
|---|---|---|---|
Return on Assets (Normalized) | 6.86% | 9.12% | 26.86% |
Return on Equity (Normalized) | 16.69% | 55.92% | — |
Return on Invested Capital (Normalized) | 10.80% | 18.11% | 45.51% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| Philip Morris International Inc
PM
| LOCK|Jztx#&V | LOCK|$p | $283B | |||
| British American Tobacco PLC
BTAFF
| — | LOCK|<^ | $129B | |||
| British American Tobacco PLC ADR
BTI
| LOCK|c$!B^Fz | LOCK|D@ | $129B | |||
| Altria Group Inc
MO
| LOCK|l^% | LOCK|K<T | $120B | |||
| Japan Tobacco Inc ADR
JAPAY
| — | LOCK|vl | $67B | |||
| Japan Tobacco Inc
JAPAF
| — | LOCK|TQM | $67B | |||
| ITC Ltd DR
ITCTY
| — | LOCK|BGq | $37B | |||
| Imperial Brands PLC
IMBBF
| — | LOCK|w%r | $28B | |||
| Imperial Brands PLC ADR
IMBBY
| LOCK|%hc$ZJ | LOCK|Jf | $28B | |||
| PT Hanjaya Mandala Sampoerna Tbk
PHJMF
| — | LOCK|Tp | $4B |
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United States