British American Tobacco Plc £BATS - A Valuation on 23rd July 2021

A behemoth of the tobacco industry. Their market is highly regulated and politically uncertain. Will significant reforms or product bans come into effect?

Summary

A behemoth of the highly regulated and politically uncertain tobacco market. The industry is in gradual decline, but considerable barriers to entry, combined with its cost-advantage and brands, will help them maintain market share and defend margins. Eventually, though, the decline in smoking rates will catch up with them.

Market Price = £27.27
Est…