BAT shares Fair Value estimation I am positively surprised about British American Tobacco as a company
There is currently no miracle cure against smoking at the disposal of member states that could reduce youth and adult smoking rates without prohibitive measures

debt (591) (670) Adjusted net debt 30,416 30,583 Translational foreign exchange impact to adjusted net debt 1,018 Adjusted net debt, translated at 2024 exchange rates 31,434 30,583 Adjusted net debt 30,416 30,583 Provision recognised in respect of cash and cash equivalents and investments held at fair value in Canada 2,456 Adjusted net debt excluding the Canada provision 30,416 33,039 Profit for the year 7,765 3,181 Taxation on ordinary activities 2,094 357 Net finance costs 1,819 1,098 Depreciation, amortisation and impairment costs 2,547 3,101 Share of post-tax results of associates and joint ventures (1,681) (1,900) Other adjusting items (not related to Canada, depreciation, amortisation and impairment costs) (304) 6,687 Adjusted EBITDA 12,240 12,524 Translational foreign exchange impact to adjusted EBITDA 382 Adjusted EBITDA, translated at 2024 exchange rates 12,622 12,524 Adjusted EBITDA 12,240 12,524 Adjustments in respect of Canada1 (295) (525) Adjusted EBITDA as adjusted for Canada 11,945 11,999 Adjusted net debt to adjusted EBITDA 2.48x 2.44x Adjusted net debt to adjusted EBITDA as adjusted for Canada 2.55x 2.75x Adjusted net debt to adjusted EBITDA, translated at 2024 exchange rates 2.49x 1

Caregivers On Jan
Such statements would have been almost unthinkable a decade ago when support for continually increasing tobacco taxes was largely unquestioned
The specific mix of the flavors varies a bit from cigar to cigarthe second doesnt have much cocoa powder, for instancebut the ingredients are largely the same