Added to YB: 2026-10-01
Pitch date: 2026-09-26
BTI [bullish]
British American Tobacco p.l.c.
+5.59%
current return
Author Info
No bio for this author
Company Info
British American Tobacco p.l.c. provides tobacco and nicotine products to consumers in the United States, Europe, Latin America, Canada, the Asia-Pacific, the Middle East, Central Asia, Caucasus, and Africa.
Market Cap
GBP 90.5B
Pitch Price
GBP 54.93
Price Target
N/A
Dividend
5.84%
EV/EBITDA
10.54
P/E
14.43
EV/Sales
4.78
Sector
Tobacco
Category
N/A
Chicago Nicotine Field Trip: Tracking the Untracked Channel
BTI (hold): BAT’s strongest Chicago read-through is Velo: three independents reported accelerating demand, and pricing reached parity with ZYN in more outlets, potentially improving U.S. modern-oral profitability if it broadens. Vuse still leads the authorised pod market, but unauthorised disposables dominated independents and were roughly 6-12x cheaper per puff. The key uncertainties are whether Velo’s momentum reaches margins and whether Vuse can compete if the authorised market expands.
Read full article (9 min)