Business overview
British American Tobacco was established in 1902 and is based in London, UK. The company trades its shares on the Johannesburg Stock Exchange under the stock symbol BTI. British American Tobacco distributes cigarettes and other tobacco products around the globe, selling it to retail outlets. It manufactures a variety of vapour and tobacco products, oral tobacco and nicotine products, including but not limited to snus, tobacco-free nicotine pouches, moist snuff, cigars and e-cigarettes. British American Tobacco also delivers products under a variety of brands, like Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Craven A, Benson and Hedges and others. The trailing 12 month (TTM) on British American Tobacco indicates revenues of £25 978 000, gross profit of £21 605 000 and operating income of £9 389 000. The TTM EBIT recorded stands at £10 443 000 and the EBITDA at £11 976 000.
Share performance and investment potential
BTI shares experienced a challenging year following the nationwide lockdown in South Africa and the ban on the sale of tobacco products. On March 5, share prices were R645,17 per share, and plummeted to R512,81 on March 16, and further to an all-year low of R498 on March 23. Despite this, share performance increased yet again on April 3 when prices reached R678,50, followed by an all-year high of R723,34 on April 28. Current share prices on December 8 at market close are R573,53. The consensus forecast on BTI shares currently stands on 9% sell, 18% hold and 73% buy, which bodes well for current shareholders and prospective investors alike.
