British American Tobacco Plc

Graph showing earnings of British American Tobacco Plc

Graph showing the returns of British American Tobacco Plc

(£ in Million)20252024202320222021
Turnover 25,610 25,867 27,283 27,655 25,684
Year-on-Year Change-1.0%-5.2%-1.4%7.7%-0.4%
      
Operating Profit9,9972,736-15,75110,52310,234
Year-on-Year Change265.4%-117.4%-249.7%2.8%2.7%
      
EBITDA 12,544 5,837 12,863 11,828 11,310
Year-on-Year Change114.9%-54.6%8.8%4.6%-0.9%
      
PBT9,8593,538-17,0619,3249,163
Year-on-Year Change178.7%-120.7%^-283.0%1.8%5.7%
      
PAT7,765 3,181 -14,1896,846 6,974
Year-on-Year Change144.1%-122.4%-307.3%-1.8%6.3%
      
Total Assets109,290118,899118,716153,546137,365
Year-on-Year Change-8.1%0.2%-22.7%11.8%-0.2%
      
Total Equity 48,145 49,995 52,934 75,710 67,401
Year-on-Year Change-3.7%-5.6%-30.1%12.3%7.1%
      
Capital Expenditure704 608 601 656 745
Year-on-Year Change15.8%1.2%-8.4%-12.0%-1.3%
      
Funds from Operations6,34210,12510,71410,3949,717
Year-on-Year Change-37.4%-5.5%3.1%7.0%-0.7%
      
Free Operating Cashflow5,638 9,517 10,113 9,738 8,972
Year-on-Year Change-40.8%-5.9%3.9%8.5%-0.7%
      
Total Debt35,07036,95039,73043,13939,658
Year-on-Year Change-5.1%-7.0%-7.9%8.8%-9.8%
      
Net Debt31,24331,65335,07139,69336,849
Year-on-Year Change-1.3%-9.8%-11.6%7.7%-9.8%
      
Shares Outstanding (Million)2,187.02,214.02,229.02,256.02,287.0
Year-on-Year Change-1.2%-0.7%-1.2%-1.4%0.0%
      
Payout Ratio67.7%163.9%-36.3%71.8%70.7%
⇑ – Year-on-Year IncreaseGreen: ‘Improved’
⇓ – Year-on-Year DecreaseRed: ‘Worsened’
⇔ – Year-on-Year Unchanged 
 20252024202320222021
CAPITAL STRUCTURE     
Total Debt/(Total Debt + Equity)42.1%⇓42.5%⇓42.9%⇑36.3%⇓37.0%⇓
Net Debt/Equity64.9%⇑63.3%⇓66.3%⇑52.4%⇓54.7%⇓
Debt/Total Assets32.1%⇑31.1%⇓33.5%⇑28.1%⇓28.9%⇓
Long Term Debt/Net Earnings7.2x⇓10.8x⇑-2.0x⇓2.5x⇓4.7x⇓
Current Ratio 0.9x⇑0.8x⇓0.9x⇔0.9x⇔0.9x⇓
Acid Test Ratio0.6x⇑0.5x⇓0.6x⇔0.6x⇑0.5x⇓
      
      
CASHFLOW RATIOS     
Funds from Operations/Total Debt0.2x⇓0.3x⇔0.3x⇑0.2x⇓0.3x⇑
Funds from Operations/Net Debt0.2x⇓0.3x⇔0.3x⇔0.3x⇔0.3x⇑
EBITDA/Interest6.2x⇑4.3x⇓6.2x⇓6.8x⇓7.4x⇑
EBIT/Interest4.9x⇑2.0x⇑-7.6x⇓6.1x⇓6.7x⇑
Net Debt/EBITDA2.5x⇓5.4x⇑2.7x⇓3.4x⇑3.3x⇓
Free Operating Cashflow/Interest2.8x⇓7.1x⇑4.9x⇓5.6x⇓5.9x⇑
Free Operating Cashflow/Net Debt0.2x⇓0.3x⇔0.3x⇔0.3x⇑0.2x⇔
Free Operating Cashflow/Sales0.2x⇓0.4x⇔0.4x⇔0.4x⇔0.4x⇔
      
      
PROFITABILITY RATIOS     
EBITDA Margin49.0%⇑22.6%⇓47.2%⇑42.8%⇓44.0%⇓
EBIT Margin39.0%⇑10.6%⇑-57.7%⇓38.1%⇓39.9%⇑
PBT Margin38.5%⇑13.7%⇑-62.5%⇓33.7%⇓35.7%⇑
PAT Margin30.3%⇑12.3%⇑-52.0%⇓24.8%⇓27.2%⇑
ROAE9.0%⇑6.1%⇑-27.3%⇓21.7%⇑12.0%⇑
ROAA3.9%⇑2.6%⇑-12.9%⇓10.7%⇑5.7%⇑