US$ 25.65
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Description
This estimate doesnt include the bogus lost output or the intangible costs

Tobacco companies rely on the retail environment to reach both current and future customers by advertising their products and normalizing the presence of tobacco products in everyday life

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Keep in mind that frequency of use of some of these products may be significant when an insurer is evaluating your application for life insurance

However, on an optimized base that accounts for scaled margins excluding some growth CapEx, I see shares trading more in line of ~9x 27 EBITDA or ~12x 27 FCF
