Manufacturing and Allied · EQUITY
BAT
British American Tobacco Kenya Plc
Ksh 554.00
▲0.73% today
close 06 Nov 2026 · source mystocks
68 owned trading days · 07 Jul 2026 → 06 Nov 2026 · KES 524.00–583.00
Why grade C: newest statement 22 months old · only 2 FYs of history (need 3)
Automated analysis for information & education. Not investment advice.
The five pillars
composite —/100Data C
scored 06 Nov 2026 · weights profile Manufacturing and Allied · formulas on /methodology
Ring color: accent = confidence A/B, amber = C/D — a fixed-radius stroke, never a percentage fill.
Value33
- P/E 12.367 ·w25
- P/B 3.640 ·w20
- earnings yield 8.1% vs 364d T-bill 9.03% (spread -0.9pp)41 ·w20
- needs positive EPS and own P/E history— ·w15
- needs a dividend and own yield history— ·w10
- revenue/earnings growth -9.6% YoY1 ·w10
Financial health63
- F-Score 5/9 signals passed56 ·w70
- interest coverage 8.0× (stored ratio — not derivable from raw lines)80 ·w30
Quality80
- ROE 29.6%100 ·w25
- net margin 17.5% (non-financial bands)88 ·w20
- net margin -4.4pp over window(short window)6 ·w15
- ROA 19.0%96 ·w15
- debt/equity 0.56× (standard bands)81 ·w15
- revenue never declined over window(short window)100 ·w10
Dividend reliability68
- paid a dividend in 2 of 2 observed FYs (design window 5)(short window)100 ·w30
- yield 7.8% at current price97 ·w20
- earnings cover the dividend 1.05×15 ·w20
- worst annual cut 17%(short window)65 ·w15
- payout ratio 96% of earnings41 ·w15
MomentumBuilding history — since 2026-07-07
- Building history — since 2026-07-07— ·w100
Liquidity60
- median daily turnover ≈ KES 5,254,056 over 68 observed days(short window)68 ·w40
- no trades on 0% of observed days(short window)100 ·w30
- daily turnover 0.9bp of market cap (shares est. from NI÷EPS)(short window)9 ·w30
Statements we hold
| FY | Revenue | Net income | EPS | DPS |
|---|---|---|---|---|
| 2024 | KES 25.7B | KES 4.5B | 45.00 | 43.00 |
| 2023 | KES 25.6B | KES 5.6B | 56.00 | 52.00 |
source v3-seed (vintage 2026-02) · refreshed per filing as filings are processed
Analyst brief
British American Tobacco Kenya trades at 549 KES per share with an earnings yield of 8.2%, sitting 0.8 percentage points below the 364-day T-bill rate of 9.03%. The quality pillar ranks highest, scoring 80, driven by a return on equity of 29.6% and a net margin of 17.5%, though net margin has compressed 4.4 percentage points over the observation window. Dividend ranks second at 69, reflecting consistent payouts in both observed financial years and a yield of 7.8%, though earnings cover the dividend only 1.05 times and the payout ratio stands at 96% of earnings. Value pillar scores lowest at 34—a P/E of 12.2 looks modest in isolation, but revenue and earnings declined 9.6% year-on-year, and the price-to-book ratio of 3.61 received no value points. Health scores 63, supported by interest coverage of 8.0 times but an F-Score of only 5 of 9 signals passed.
An overall verdict is withheld: the newest financial statement is 22 months old, and only two financial years of history exist when three are required for full confidence grading (confidence: C). Price reflects data from 3 November 2026. The earnings yield trails the risk-free rate, a headwind to the value case. Momentum data began accumulating only in July 2026 and carries no score. Revenue never declined over the available window, yet the recent year-on-year contraction in both top and bottom lines warrants attention. Fresh financial statements would materially clarify the trajectory.
Automated analysis for information & education. Not investment advice.
generated 03 Nov 2026, 17:46 EAT · every figure machine-checked against the engine's computed inputs · identical for all readers