British American Tobacco plc
F:BMTA
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Intrinsic Value
The intrinsic value of 
British American Tobacco plc (BMTA) under the Base Case is 58.39 EUR per share.
Compared with the current market price of 54.5 EUR, the stock appears
Undervalued by 7% .
The intrinsic value is calculated using the DCF method.
Do our valuations actually work? See backtest results .
Cheap or expensive for this stock?
This block shows whether today’s valuation is cheap or expensive compared with the stock’s own history, and what happened after similar valuations in the past.
We compare the gap between the stock’s price and our estimated value over time.
- Undervalued can still be historically expensive. The stock may trade below our estimated value, but usually offer an even bigger discount.
- Overvalued can still be historically cheap. The stock may trade above our estimated value, but usually carry an even higher premium.
Market expectations can differ from our model, which may not fully capture everything affecting the price. That is why some stocks regularly trade above our estimated value and others below it.
The scale and chart show how today’s valuation compares with the past. The cards summarize past returns and waiting times until the stock stopped being cheap or expensive. This can happen because the price changed, our estimated value changed, or both.
Only completed periods are included. These are past results, not forecasts. The usual historical range does not necessarily mean fair value.
Fundamental Analysis
What British American Tobacco Does
British American Tobacco is a global tobacco company that sells cigarettes, heated tobacco products, vaping products, and oral nicotine brands. Its best-known products are everyday consumer goods bought by adult smokers and nicotine users through convenience stores, supermarkets, tobacco shops, and other retail channels. The company also owns major international cigarette brands and a growing set of non-combustible nicotine products aimed at shifting consumers away from traditional smoking.
- Headquarters
- United Kingdom UK
- Employees
- 47 797
- IPO date
- Jan 29, 1962
British American Tobacco has no economic moat
Customers can choose competing cigarettes and nicotine pouches without costly retraining or long-term commitments. British American Tobacco’s established brands and large operations help it compete, but do not prevent rivals from offering substitutes and competing for its customers.
Read the full moat analysis
Earnings Waterfall
British American Tobacco plc
What is the Intrinsic Value of one BMTA stock?
The intrinsic value for British American Tobacco plc (BMTA) under the Base Case is 58.39 EUR.
Is BMTA stock undervalued or overvalued?
Compared with the current market price of 54.5 EUR, the stock appears Undervalued by 7% .
