Intrinsic value of British American Tobacco p.l.c. (BTI)

[per Chepakovich valuation model]

other valuations of BTI

[per Chepakovich valuation model]  See other valuations of BTI stock

Previous Close$37.68
Intrinsic Value
Upside potential
Previous Close
$37.68

VALUATION INPUT DATA

Revenue, mln $
Initial revenue growth rate (norm.), %
Variable cost ratio, %
Fixed operating expenses, mln $
Production assets / Revenue, %
Working capital / Revenue, %
Interest rate on debt, %
Life of production assets, yrs
Initial discount rate, %
Shares outstanding, mln
Adjusted equity ratio
Adjusted assets / Revenue
Based on fiscal year data as of 2020-12-31 and quarterly data as of 2020-12-31.
NOTE: The bar chart shows historic and forecasted yearly revenue growth rates. Its purpose is to help you in determining what initial revenue rate you want to base your stock valuation on. Please make sure that you are confident in the value you select - for most stocks it is by far the most important parameter in valuation.
  1. Annual
  2. Quarterly YoY
  3. Quarterly QoQ

Annual revenue growth rates, % (past and forecasted)

show cash flow forecast

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year2020(a)2021202220232024202520262027202820292030203120322033203420352036203720382039204020412042204320442045

INCOME STATEMENT

Revenue growth rate, %0.2NaN
Revenue, $33096NaN
Variable operating expenses, $mNaN
Fixed operating expenses, $mNaN
Total operating expenses, $m20305NaN
Operating income, $m12791NaN
EBITDA, $m14653NaN
Interest expense (income), $mNaN
Earnings before tax, $m10924NaN
Tax expense, $m2707NaN
Net income, $m8218NaN

BALANCE SHEET

Cash and short-term investments, $m4341NaN
Total assets, $m176794NaN
Adjusted assets (=assets-cash), $m172453NaN
Average production assets, $m156661NaN
Working capital, $m-2396NaN
Total debt, $m56455NaN
Total liabilities, $m95960NaN
Total equity, $m80834NaN
Debt-to-equity ratio0.698NaN
Adjusted equity ratio0.474NaN

CASH FLOW

Net income, $m8218NaN
Depreciation, amort., depletion, $m1862NaN
Funds from operations, $mNaN
Change in working capital, $mNaN
Cash from operations, $m12565NaN
Maintenance CAPEX, $mNaN
New CAPEX, $mNaN
Total CAPEX, $m-600NaN
Free cash flow, $m13165NaN
Issuance/(repurchase) of shares, $mNaN
Retained Cash Flow, $mNaN
Pot'l extraordinary dividend, $m-2396
Cash available for distribution, $mNaN
Discount rate, %NaN
PV of cash for distribution, $mNaN
Current shareholders' claim on cash, %NaN