BRITISH AMERICAN TOBACCO PLC (BMT.DE) Fundamental Analysis & Valuation

FRA:BMT • GB0002875804

49.5 EUR
-1.1 (-2.17%)
Last: Mar 6, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

This BMT.DE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

4

Overall BMT gets a fundamental rating of 4 out of 10. We evaluated BMT against 5 industry peers in the Tobacco industry. There are concerns on the financial health of BMT while its profitability can be described as average. BMT has a valuation in line with the averages, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

4

1. BMT.DE Profitability Analysis

1.1 Basic Checks

  • In the past year BMT was profitable.
  • BMT had a positive operating cash flow in the past year.
  • BMT had positive earnings in 4 of the past 5 years.
  • In the past 5 years BMT always reported a positive cash flow from operatings.
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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10B -10B 20B 30B

1.2 Ratios

  • BMT's Return On Assets of 2.80% is on the low side compared to the rest of the industry. BMT is outperformed by 80.00% of its industry peers.
  • BMT has a Return On Equity of 6.59%. This is in the better half of the industry: BMT outperforms 80.00% of its industry peers.
  • BMT has a Return On Invested Capital of 3.20%. This is amonst the worse of the industry: BMT underperforms 80.00% of its industry peers.
Industry RankSector Rank
ROA 2.8%
ROE 6.59%
ROIC 3.2%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
BMT.DE Yearly ROA, ROE, ROICBMT.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40 60

1.3 Margins

  • The Profit Margin of BMT (12.06%) is worse than 60.00% of its industry peers.
  • BMT's Profit Margin has improved in the last couple of years.
  • BMT's Operating Margin of 13.95% is on the low side compared to the rest of the industry. BMT is outperformed by 60.00% of its industry peers.
  • BMT's Operating Margin has declined in the last couple of years.
  • BMT has a better Gross Margin (83.38%) than 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 13.95%
PM (TTM) 12.06%
GM 83.38%
OM growth 3Y-3.12%
OM growth 5Y-1.63%
PM growth 3Y7.94%
PM growth 5Y4.07%
GM growth 3Y0.35%
GM growth 5Y-0.11%
BMT.DE Yearly Profit, Operating, Gross MarginsBMT.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50 -50 100 150

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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. BMT.DE Health Analysis

2.1 Basic Checks

  • BMT has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • There is no outstanding debt for BMT. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
BMT.DE Yearly Shares OutstandingBMT.DE Yearly Shares OutstandingYearly Shares Outstanding 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 50B 100B 150B

2.2 Solvency

  • Based on the Altman-Z score of 1.45, we must say that BMT is in the distress zone and has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 1.45, BMT is doing worse than 60.00% of the companies in the same industry.
  • BMT has a debt to FCF ratio of 4.06. This is a neutral value as BMT would need 4.06 years to pay back of all of its debts.
  • The Debt to FCF ratio of BMT (4.06) is comparable to the rest of the industry.
  • A Debt/Equity ratio of 0.68 indicates that BMT is somewhat dependend on debt financing.
  • BMT's Debt to Equity ratio of 0.68 is amongst the best of the industry. BMT outperforms 100.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.68
Debt/FCF 4.06
Altman-Z 1.45
ROIC/WACC0.35
WACC9.14%
BMT.DE Yearly LT Debt VS Equity VS FCFBMT.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20B 40B 60B

2.3 Liquidity

  • A Current Ratio of 0.87 indicates that BMT may have some problems paying its short term obligations.
  • With a decent Current ratio value of 0.87, BMT is doing good in the industry, outperforming 80.00% of the companies in the same industry.
  • BMT has a Quick Ratio of 0.87. 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 0.55. This is in the better half of the industry: BMT outperforms 80.00% of its industry peers.
Industry RankSector Rank
Current Ratio 0.87
Quick Ratio 0.55
BMT.DE Yearly Current Assets VS Current LiabilitesBMT.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. BMT.DE Growth Analysis

3.1 Past

  • BMT shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -2.87%.
  • BMT shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 1.20% yearly.
  • The Revenue has decreased by -0.99% in the past year.
  • The Revenue has been decreasing by -0.13% on average over the past years.
EPS 1Y (TTM)-2.87%
EPS 3Y-1.76%
EPS 5Y1.2%
EPS Q2Q%-1.6%
Revenue 1Y (TTM)-0.99%
Revenue growth 3Y-2.53%
Revenue growth 5Y-0.13%
Sales Q2Q%0.1%

3.2 Future

  • BMT is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.74% yearly.
  • The Revenue is expected to grow by 1.14% on average over the next years.
EPS Next Y3.9%
EPS Next 2Y5.64%
EPS Next 3Y5.8%
EPS Next 5Y6.74%
Revenue Next Year2.59%
Revenue Next 2Y3.05%
Revenue Next 3Y3.72%
Revenue Next 5Y1.14%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
BMT.DE Yearly Revenue VS EstimatesBMT.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 5B 10B 15B 20B 25B
BMT.DE Yearly EPS VS EstimatesBMT.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 1 2 3 4

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4

4. BMT.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 12.22, which indicates a correct valuation of BMT.
  • BMT's Price/Earnings is on the same level as the industry average.
  • Compared to an average S&P500 Price/Earnings ratio of 26.29, BMT is valued rather cheaply.
  • A Price/Forward Earnings ratio of 11.76 indicates a reasonable valuation of BMT.
  • BMT's Price/Forward Earnings is on the same level as the industry average.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 24.57, BMT is valued rather cheaply.
Industry RankSector Rank
PE 12.22
Fwd PE 11.76
BMT.DE Price Earnings VS Forward Price EarningsBMT.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • BMT's Enterprise Value to EBITDA ratio is rather expensive when compared to the industry. BMT is more expensive than 80.00% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, BMT is valued a bit cheaper than 80.00% of the companies in the same industry.
Industry RankSector Rank
P/FCF 10.78
EV/EBITDA 20.06
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

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates BMT does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)3.13
PEG (5Y)10.18
EPS Next 2Y5.64%
EPS Next 3Y5.8%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. BMT.DE Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 5.19%, BMT is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 4.52, BMT pays a bit more dividend than its industry peers.
  • BMT's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 5.19%

5.2 History

  • The dividend of BMT has a limited annual growth rate of 2.91%.
Dividend Growth(5Y)2.91%
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 2026 0.5 1 1.5 2 2.5

5.3 Sustainability

  • 168.94% of the earnings are spent on dividend by BMT. This is not a sustainable payout ratio.
  • The dividend of BMT is growing, but earnings are growing more, so the dividend growth is sustainable.
DP168.94%
EPS Next 2Y5.64%
EPS Next 3Y5.8%
BMT.DE Yearly Income VS Free CF VS DividendBMT.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10B -10B 20B 30B
BMT.DE Dividend Payout.BMT.DE Dividend Payout, showing the Payout Ratio.BMT.DE Dividend Payout.PayoutRetained Earnings

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BMT.DE Fundamentals: All Metrics, Ratios and Statistics

BRITISH AMERICAN TOBACCO PLC

FRA:BMT (3/6/2026, 7:00:00 PM)

49.5

-1.1 (-2.17%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryTobacco
Earnings (Last)02-12
Earnings (Next)07-29
Inst Owners42.85%
Inst Owner ChangeN/A
Ins Owners0.04%
Ins Owner ChangeN/A
Market Cap107.37B
Revenue(TTM)25.61B
Net Income(TTM)3.09B
Analysts77
Price Target54.25 (9.6%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.19%
Yearly Dividend2.72
Dividend Growth(5Y)2.91%
DP168.94%
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)1.54%
PT rev (3m)7.08%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-0.43%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.63%
Revenue NY rev (3m)-0.15%
Valuation
Industry RankSector Rank
PE 12.22
Fwd PE 11.76
P/S 3.65
P/FCF 10.78
P/OCF 10.07
P/B 1.99
P/tB N/A
EV/EBITDA 20.06
EPS(TTM)4.05
EY8.18%
EPS(NY)4.21
Fwd EY8.5%
FCF(TTM)4.59
FCFY9.28%
OCF(TTM)4.91
OCFY9.93%
SpS13.57
BVpS24.85
TBVpS-20.86
PEG (NY)3.13
PEG (5Y)10.18
Graham Number47.59
Profitability
Industry RankSector Rank
ROA 2.8%
ROE 6.59%
ROCE 3.79%
ROIC 3.2%
ROICexc 3.37%
ROICexgc 96.71%
OM 13.95%
PM (TTM) 12.06%
GM 83.38%
FCFM 33.85%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y-3.12%
OM growth 5Y-1.63%
PM growth 3Y7.94%
PM growth 5Y4.07%
GM growth 3Y0.35%
GM growth 5Y-0.11%
F-Score8
Asset Turnover0.23
Health
Industry RankSector Rank
Debt/Equity 0.68
Debt/FCF 4.06
Debt/EBITDA 5.11
Cap/Depr 22.67%
Cap/Sales 2.37%
Interest Coverage 2
Cash Conversion 148.45%
Profit Quality 280.54%
Current Ratio 0.87
Quick Ratio 0.55
Altman-Z 1.45
F-Score8
WACC9.14%
ROIC/WACC0.35
Cap/Depr(3y)16.45%
Cap/Depr(5y)33.77%
Cap/Sales(3y)2.43%
Cap/Sales(5y)2.51%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-2.87%
EPS 3Y-1.76%
EPS 5Y1.2%
EPS Q2Q%-1.6%
EPS Next Y3.9%
EPS Next 2Y5.64%
EPS Next 3Y5.8%
EPS Next 5Y6.74%
Revenue 1Y (TTM)-0.99%
Revenue growth 3Y-2.53%
Revenue growth 5Y-0.13%
Sales Q2Q%0.1%
Revenue Next Year2.59%
Revenue Next 2Y3.05%
Revenue Next 3Y3.72%
Revenue Next 5Y1.14%
EBIT growth 1Y-67.36%
EBIT growth 3Y-5.57%
EBIT growth 5Y-1.76%
EBIT Next Year12.45%
EBIT Next 3Y7.18%
EBIT Next 5Y7.85%
FCF growth 1Y-15.49%
FCF growth 3Y-18.7%
FCF growth 5Y-9.67%
OCF growth 1Y-14.71%
OCF growth 3Y-17.09%
OCF growth 5Y-8.92%

BRITISH AMERICAN TOBACCO PLC / BMT.DE FAQ

What is the ChartMill fundamental rating of BRITISH AMERICAN TOBACCO PLC (BMT.DE) stock?

ChartMill assigns a fundamental rating of 4 / 10 to BMT.DE.


What is the valuation status of BRITISH AMERICAN TOBACCO PLC (BMT.DE) stock?

ChartMill assigns a valuation rating of 4 / 10 to BRITISH AMERICAN TOBACCO PLC (BMT.DE). This can be considered as Fairly Valued.


What is the profitability of BMT stock?

BRITISH AMERICAN TOBACCO PLC (BMT.DE) has a profitability rating of 4 / 10.


How financially healthy is BRITISH AMERICAN TOBACCO PLC?

The financial health rating of BRITISH AMERICAN TOBACCO PLC (BMT.DE) is 3 / 10.


What is the earnings growth outlook for BRITISH AMERICAN TOBACCO PLC?

The Earnings per Share (EPS) of BRITISH AMERICAN TOBACCO PLC (BMT.DE) is expected to grow by 3.9% in the next year.