In today’s briefing:
- British American Tobacco: Attractive Return Potential, 6%+ Yield Likely To Sustain
- Stellantis: Can It Double?
British American Tobacco: Attractive Return Potential, 6%+ Yield Likely To Sustain
- British American Tobacco’s stock could reach $45 per share.
- The firm’s dividend policy means a dividend yield of 6%+ is likely to sustain.
- The organization’s non-combustible products segment is skyrocketing and makes up approximately 15% of the company’s revenue mix, consequently providing valuable economies of scope.
Stellantis: Can It Double?
- The equity story lies with a strong execution, further synergies, cost-cutting, a strong BEV ramp-up, and diverse leading brands
- Strong operating and financial performance since IPO. Net cash >€ 20bn as of end-2022e, >€ 30bn from 2024e
- Trades on very attractive multiples. We believe that the Company’s intrinsic value is well above the current share price.
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