As of today, I switched from Phillip Morris to British American Tobacco. BAT has much higher dividend yield and almost the same business profile as Phillip Morris.
In terms of EV/sales, both have traded at similar multiples except since 2020 when valuations have diverged. I attribute this partly to problems in UK and general risk aversion of investors towards UK market.
On dividend yield, BAT now trades at close to 8% yield.
Updated folio is below and cash remains at 18%.
| Companies | Weightage |
|---|---|
| AB InBev | 5.00% |
| Berkshire Hathaway | 10.00% |
| Disney | 5.00% |
| Fairfax India Holdings | 10.00% |
| Markel Corporation | 5.00% |
| BRITISH AMERICAN TOBACCO | 2.00% |
| Uber Technologies Inc | 2.00% |
| UBS ETF CH-SMI | 5.00% |
| Vanguard Emerging Markets Stock Index Fd | 10.00% |
| Dropbox Inc | 2.00% |
| Netflix Inc | 5.00% |
| Suzuki Motor | 5.00% |
| Starbucks | 5.00% |
| Inmode Ltd | 2.00% |
| DWS Group GmbH & Co. KGaA (DWS) | 2.00% |
| 5.00% | |
| VF Corp | 2.00% |
| Cash | 18.00% |
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