British American Tobacco

BATS: 2,905.00 -22.50 (-0.77%) delayed: 13 Nov 2019, 18:45

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British American Tobacco Fundamentals

Share Price Information

Name British American Tobacco
Epic BATS
Sector Tobacco
ISIN GB0002875804
Activites British American Tobacco plc is a global tobacco and nicotine products company. Its brands are sold in more than 200 markets and it employs around 55,000 people worldwide. BAT's cigarettes are chosen by around one in eight of the world's one billion adult smokers and its five Global Drive Brands are Dunhill, Kent, Lucky Strike, Pall Mall and Rothmans. Alongside its traditional tobacco business, BAT is developing a portfolio of innovative next generation tobacco and nicotine products to offer consumers a choice of potentially less risky alternatives to conventional cigarettes. BAT is market leader in over 55 countries and in 2016 the Group generated reported revenue of £14.75 billion and adjusted profit of £5.48 billion. In July 2017, British American Tobacco plc acquired the remaining 57.8% of Reynolds American Inc. that BAT did not already own, creating a stronger, global tobacco and Next Generation Products company.
Index FTSE 100

Key numbers

Latest Share price (p) 2,905.00 Net gearing (%) 53.34
Market capitalisation (£m) 67,152.34 Gross gearing (%) 55.11
Shares in issue (m) 2,293.85 Debt ratio 49.48
P/E ratio 11.09 Debt-to-equity ratio 0.80
Total dividends per share (p) 197.15 Assets / equity ratio 2.23
Dividend yield (%) 6.93 Price to book value 1.02
Dividend cover 1.30 ROCE (%) 6.42
Earning per share (p) 264.00 EPS growth (%) -85.62
52-week high / low (p) 3,449.50 / 2,336.50 DPS growth (%) 1.00

Results at a glance

Date Type Turnover (£m) Profit (£m) Basic EPS Currency
31 Dec 2018 Full Year 24,492 6,210 264.00 GBP
31 Dec 2017 Full Year 20,292 37,704 1,836.30 GBP
31 Dec 2016 Full Year 46,887 4,839 250.20 GBP

Dividend history

Period Ex-date Pay-date Net dividend Currency Total for year
H1 Dividend 03 Oct 2019 14 Nov 2019 50.75 GBX 0.00
Q1 Dividend 27 Jun 2019 08 Aug 2019 50.75 GBX 0.00
H2 Dividend 21 Mar 2019 13 May 2019 50.75 GBX 197.15
Q3 Dividend 27 Dec 2018 07 Feb 2019 48.80 GBX 0.00
H1 Dividend 04 Oct 2018 15 Nov 2018 48.80 GBX 0.00
H1 Dividend 28 Jun 2018 08 Aug 2018 48.80 GBX 0.00
H2 Dividend 22 Mar 2018 09 May 2018 48.80 GBX 195.20
Q3 Dividend 28 Dec 2017 08 Feb 2018 43.60 GBX 0.00
H1 Dividend 17 Aug 2017 28 Sep 2017 56.50 GBX 0.00
H2 Dividend 16 Mar 2017 04 May 2017 118.10 GBX 169.40
H1 Dividend 18 Aug 2016 28 Sep 2016 51.30 GBX 0.00
H2 Dividend 17 Mar 2016 05 May 2016 104.60 GBX 154.00
H1 Dividend 20 Aug 2015 30 Sep 2015 49.40 GBX 0.00
H2 Dividend 19 Mar 2015 07 May 2015 100.60 GBX 148.10

Contact details

Company name British American Tobacco
Address Globe House, 4 Temple Place, London WC2R 2PG.
Telephone +44 (0)20 7845 1000
Website http://www.bat.com/

Advisors

Company's broker JPMorgan Cazenove
Company's joint broker UBS Investment Bank
NOMAD n/a
Registrar Computershare Investor Service
Auditors KPMG Audit
Solicitors Herbert Smith LLP

Directors

Appointed Director Position
01 Jan 2019 Jack Bowles Chief Executive Officer
05 Aug 2019 Tadeu Luiz Marroco Finance Director
01 Sep 2009 Richard George William Burrows Non-Executive Chairman
01 Jul 2010 Kieran Charles Poynter Non-Executive Director
06 Jan 2014 Savio Kwan Non-Executive Director
02 Feb 2015 Dimitri Panayotopoulos Non-Executive Director
25 Jul 2017 Holly Keller Koeppel Non-Executive Director
25 Jul 2017 Luc Jobin Non-Executive Director
01 Aug 2016 Dr Marion Helmes Non-Executive Director
01 Sep 2019 Jeremy Stephen Gary Fowden Non-Executive Director
02 Feb 2015 Susan Jane Farr Non-Executive Director

Company financials

Assets (£m) 2018 2017 2016
Reporting date 31 Dec 2018 31 Dec 2017 31 Dec 2016
Tangible assets 5,166 4,882 3,661
Intangible asssets and goodwill 124,013 117,785 12,117
Investments and other non-current assets 4,508 4,405 11,636
Total non-current assets 133,687 127,072 27,414
Inventory / work in progress 6,029 5,864 5,793
Trade and other receivables 3,588 4,053 3,884
Cash and equivalents 2,602 3,291 2,204
Other current assets and asset held for resale 436 758 478
Total of all assets 146,342 141,038 39,773
Liabilities (£m) 2018 2017 2016
Short term liabilities 16,329 15,544 11,856
Long term liabilities 64,325 64,468 19,511
Other liabilites / pension etc 0 0 0
Total of all liabilities 80,654 80,012 31,367
Net assets (£m) 2018 2017 2016
Net assets 65,688 61,026 8,406
Equity (£m) 2018 2017 2016
Share capital 614 614 507
Minority interests 244 222 224
Retained earnings 38,557 36,983 3,331
Share premium account 26,606 26,602 3,931
Other equity -333 -3,395 413
Total equity 65,688 61,026 8,406
Cash Flow (£m) 2018 2017 2016
Cash from operating activities 10,295 5,347 4,610
Cashflow before financing 9,274 -13,197 3,970
Increase / decrease in Cash -494 1,171 -79
Income (£m) 2018 2017 2016
Turnover 24,492 20,292 46,887
Cost of sales 0 0 0
Gross profit 0 0 0
Operating profit 9,313 6,476 4,655
Pre-tax profit 8,351 29,591 6,245
Profit / loss for the year 6,210 37,704 4,839