British American Tobacco (Malaysia) Berhad (BATMF) Fair Value & Analysis
Consumer Defensive · US · Market cap $306M
British American Tobacco (Malaysia) Berhad
BATMF · US
Fair value as of: Jul 24, 2026
From 22 valuation models · updated 17 days ago
Fair value updated Jul 24, 2026, revised from $2.25 to $2.27 (+0.9%) since Jun 25, 2026.
A solid business, screening 112% undervalued on our models.
What matters now
- The price is below even our cautious bear case ($1.56). The market is more pessimistic than our downside scenario.
- Solid quality (65/100) at a price below fair value, the discount is the argument here, not the business quality.
- A fairly wide model range ($1.56 to $3.42) leaves room in how you read the outcome.
Price vs Fair Value (3 years)
White line = price, green steps = our fair value per fiscal year. As of Jul 24, 2026.
How to read this chart
36‑month range $0.5249 – $1.76 · fair‑value band $1.56 – $3.42 · the $1.07 price screens below the $2.27 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Jul 24, 2026.
Analysis
British American Tobacco (Malaysia) Berhad (BATMF) currently trades at $1.07, while our model-based Fair Value estimate is $2.27, implying the stock looks roughly 112.2% undervalued today. The Quality Score stands at 65/100 (solid quality), in the Consumer Defensive sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.
Over the trailing twelve months, British American Tobacco (Malaysia) Berhad generated revenue of $797M at a net margin of 18.1%. Revenue declined 50.2% year over year. It earns a return on equity of 35.6%. Net debt stands at $537M. Fundamentals as of Jul 24, 2026
Our scenario range runs from $1.56 (bear case) to $3.42 (bull case); at $1.07, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 37% below its 52-week high and 104% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at 4% fair-value upside, at 112%, BATMF screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 22 models by family
Widest divergence: Multiples ($13.94) versus Asset-Based ($1.11). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 24, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 62 · Market factors (momentum, volatility) 37
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
British American Tobacco (Malaysia) Berhad engages in the manufacture, sale, marketing and importation of cigarettes, pipe tobaccos, cigars, devices, other tobacco products, and nicotine products in Malaysia.
Full company description
British American Tobacco (Malaysia) Berhad engages in the manufacture, sale, marketing and importation of cigarettes, pipe tobaccos, cigars, devices, other tobacco products, and nicotine products in Malaysia. It sells tobacco products under the Dunhill, Peter Stuyvesant, Rothmans, Benson & Hedges, KYO, and Luckies brands; tobacco heating products under the glo brand; and nicotine vapor products under the Vuse brand. The company was founded in 1912 and is headquartered in Kuala Lumpur, Malaysia. It serves adult nicotine consumers, retailers, wholesalers, and business partners, and engages with government agencies, industry bodies, and local communities. British American Tobacco (Malaysia) Berhad operates as a subsidiary of British American Tobacco Holdings Malaysia B V.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
British American Tobacco (Malaysia) Berhad reported revenue of $2.2B in FY2025 versus $2.6B in FY2021, a compound −4.6%/yr. Reported net income was $202M in FY2025, compounding −8.2%/yr from FY2021.
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Peer Group
Tobacco · 34 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Tobacco median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Tobacco stocks, each showing price versus our Fair Value estimate (as of Jul 24, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Philip Morris International Inc PM | $188.93 | $103.71 | -45% |
| Altria Group MO | $68.44 | $81.81 | +20% |
| ITC Limited ITC | ₹281.75 | ₹282.04 | +0% |
| KT&G Corporation 033780 | 179,900 KRW | 119,073 KRW | -34% |
| PT Hanjaya Mandala Sampoerna Tbk, HMSP | 695.00 IDR | 1,193 IDR | +72% |
| Godfrey Phillips India Limited GODFRYPHLP | ₹2,337 | ₹1,194 | -49% |
| PT Gudang Garam Tbk, GGRM | 16,375 IDR | 16,988 IDR | +4% |
| TABAK TABAK | 18,480 CZK | 23,215 CZK | +26% |
| China Tobacco International (HK) Company 6055 | HK$23.00 | HK$24.09 | +5% |
| Universal Corporation UVV | $53.14 | $27.50 | -48% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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