BTI FCF Yield: current value, 10-year range and year-by-year history
Cash & Leverage
BTI's fcf yield is lower than 65% of the last 10 years.
FCF Yield History
BTI FCF Yield by year
Yearly range of BTI’s fcf yield from 2016 to 2026. Over the full period it ranged from 6.5% to 36.7%, averaging 20.4%.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 14.0% | 15.7% | 17.6% | 16.5% |
| 2025 | 16.6% | 24.4% | 31.0% | 16.6% |
| 2024 | 29.9% | 33.6% | 36.7% | 30.9% |
| 2023 | 20.7% | 27.9% | 34.7% | 34.5% |
| 2022 | 17.1% | 18.9% | 23.0% | 18.5% |
| 2021 | 20.8% | 22.5% | 24.2% | 23.4% |
| 2020 | 20.2% | 23.5% | 29.5% | 22.2% |
| 2019 | 18.6% | 21.3% | 26.2% | 22.1% |
| 2018 | 7.0% | 11.8% | 24.9% | 24.9% |
| 2017 | 6.5% | 7.5% | 8.5% | 7.4% |
| 2016 | 6.6% | 7.4% | 8.1% | 7.6% |
Free cash flow generated divided by market capitalisation. Often more reliable than earnings yield because it reflects actual cash — harder to inflate through accounting choices.
Free Cash Flow / Market Cap × 100%Think of it as the "cash earnings yield" on your investment. High FCF yield vs history suggests the market may be undervaluing the company's real cash generation ability.
- FCF can be lumpy year-to-year due to irregular capex or working capital swings. Look at 3–5 year trends, not single-year readings.
- Businesses intentionally reinvesting for growth will show low or negative FCF yield by design — this metric is less useful for high-growth phase companies.
Is BTI FCF Yield High or Low Right Now?
British American Tobacco p.l.c.'s FCF Yield is currently 16.5%, which is below average relative to its 10-year historical range. The 10-year median FCF Yield for BTI is approximately 21.2%. See all BTI valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.