Report
Md. Asrarul Haque

Equity Valuation Report on British American Tobacco Bangladesh Company Ltd. (BATBC)

BAT Bangladesh (BATBC), a part of British American Tobacco plc, is the leading tobacco manufacturing and distribution company having approximately two-third of the total tobacco market in Bangladesh. BATBC is serving the market with different categories of tobacco products to cater to the demand from consumers across different income level.  BATBC has recorded lucrative 17.5% CAGR in gross revenue over the past 7 years. During the preceding 7 years CAGR of volume sales of the company was 11.74%.  Stock appears to be highly undervalued, having 27%+ potential upside, in terms of average of the DCF, relative, historical earnings and asset based valuation estimates.

Underlying
Provider
EBL Securities PLC.
EBL Securities PLC.

EBL Securities PLC. (EBLSL) is one of the fastest growing full-service institutional brokerage companies in Bangladesh. On top of our expertise and achievements, we take pride in our strong commitment towards excellent client services and development of the Bangladesh capital markets.

EBLSL is a fully owned subsidiary of Eastern Bank PLC.(EBL), one of the leading private commercial banks of Bangladesh. EBLSL is one of the TOP-10 brokerage companies of Bangladesh.

We have unwavering faith in the potential of Bangladesh. We also believe that an efficient, vibrant and transparent capital market can strongly contribute to the overall development of Bangladesh. Bangladesh is currently at the initial stage of capital market growth, and we are committed to assist the entry of early movers into a growth-oriented, vibrant, nascent emerging market.

EBLSL has developed a disciplined approach towards providing capital market services. The foundation for our business is a strong commitment towards market experience & professionalism, investment knowledge, market intelligence and research services.

Analysts
Md. Asrarul Haque

Other Reports on these Companies
Other Reports from EBL Securities PLC.

ResearchPool Subscriptions

Get the most out of your insights

Get in touch