COMPARE · Reviewed August 1, 2026
BTI vs ELF
Verdict: Side-by-side breakdown using the Bull Rankings model. BTI scored 51.3, ELF scored 51.8 — ELF leads.
Compare another set
Different reporting periods. ELF's fundamentals are as of March 2026, but BTI's are as of December 2025 — a 3-month gap. Growth, margin and valuation figures below therefore describe different windows and aren't strictly like-for-like.
BTI
British American Tobacco p.l.c.
51.3
$60.65 · $130.8B
fundamentals as of
Score gap
0.5
ELF leads
ELF
e.l.f. Beauty, Inc.
51.8
$82.89 · $4.9B
fundamentals as of
The model, pillar by pillar (0–100 each)
BTI
stronger →← stronger
ELF
70
Qualityreturns · margins · balance sheet
40
42
Growthrevenue & earnings expansion
100
53
Valuevaluation vs sector peers
35
BTI is stronger on 2 of 3 pillars.
Fundamentals, head-to-head
BTI
ELF
—
FCF
$190mC
-1.0%D+
Rev
+24.6%A-
0.72B
D/E
0.81B
15.6xA-
P/E
188.4xD
1.60C+
PEG
1.37B
Winner per row is the stronger grade in our model; a tie or a missing value shows no highlight.
Valuation · DCF cross-check
BTI
ELF
—
Price vs fair valuelower is cheaper
153% above
—
Growth the price implies10-yr FCF · lower = less priced in
~34%/yr
—
1-yr DCF upside
-64%
—
5-yr DCF upside
-60%
—
10-yr DCF upside
-55%
The DCF is a cross-check on intrinsic value, separate from the quality-growth score above.
Model signals
BTI
Why this score
- Raising its dividend
- Foreign reporter (GBP)
ELF
Why this score
- Diluting shareholders
The companies
BTIBritish American Tobacco p.l.c.
Why now
Tobacco · market cap $130.8b. 10% off the 52-week high of $67.30. 5 sell-side analysts rate this a Strong Buy with a mean 1-yr target of $68.24 (implying +13% upside).
Moat
Net margin 30% is exceptional — pricing-power territory rare outside premium software, branded staples, and specialty pharma. ROE 16% sits above Buffett's preferred 15% threshold — the equity base is compounding at a rate the market struggles to discount accurately. $130.8b market cap gives the company enough scale to absorb fixed costs that subscale competitors can't, without yet being so large that growth has to come from acquisition.
Risk
Dividend payout 85% of earnings on a 5.5% yield — distribution coverage is thin; one earnings stumble could force a dividend cut.
ELFe.l.f. Beauty, Inc.
Why now
Household & Personal Products · market cap $4.9b. Down 45% from 52-week high of $150.99 — deep drawdown territory. Revenue growing +25%, comfortably above the S&P median. 16 sell-side analysts rate this a Buy with a mean 1-yr target of $78.81 (implying -5% upside).
Moat
Free cash flow runs well ahead of reported net income — non-cash charges (depreciation, intangible amortization) are holding down GAAP earnings while cash generation stays strong.
Risk
Trailing P/E 188.4x prices in sustained high growth — any quarter that disappoints triggers sharp re-rating. Down 45% from the 52-week high — the market is pricing in something the screen can't see; verify the bear case before sizing up. Beta 2.39 implies above-market volatility — position-size to the drawdowns this name will produce in a market correction, not to its bull-case return.
Verdict — model-derived comparison
Generating verdict… typically 5–10 seconds
Not investment advice. The Bull Rankings publishes a quantitative ranking model and accompanying analysis for general informational purposes only. Nothing on this page is a recommendation to buy, sell, or hold any security; nothing is personalized to your circumstances, risk tolerance, or tax situation. Investing carries the risk of loss — invest at your own risk and consider consulting a licensed financial professional before acting on anything you read here. See terms and methodology for full disclosures.