company background image
BATB

British American Tobacco Bangladesh DSE:BATBC Stock Report

Last Price

৳518.70

Market Cap

৳280.1b

7D

0%

1Y

-24.3%

Updated

03 Oct, 2022

Data

Company Financials +
BATBC fundamental analysis
Snowflake Score
Valuation4/6
Future Growth2/6
Past Performance6/6
Financial Health6/6
Dividends3/6

BATBC Stock Overview

British American Tobacco Bangladesh Company Limited manufactures and sells cigarettes in Bangladesh.

British American Tobacco Bangladesh Competitors

Price History & Performance

Summary of all time highs, changes and price drops for British American Tobacco Bangladesh
Historical stock prices
Current Share Price৳518.70
52 Week High৳754.00
52 Week Low৳510.00
Beta0.28
1 Month Change-0.058%
3 Month Change-3.93%
1 Year Change-24.34%
3 Year Change37.20%
5 Year Change68.72%
Change since IPO4,568.31%

Recent News & Updates

Shareholder Returns

BATBCBD TobaccoBD Market
7D0%-2.0%0.02%
1Y-24.3%-7.2%-14.2%

Return vs Industry: BATBC underperformed the BD Tobacco industry which returned -6.1% over the past year.

Return vs Market: BATBC underperformed the BD Market which returned -14.1% over the past year.

Price Volatility

Is BATBC's price volatile compared to industry and market?
BATBC volatility
BATBC Average Weekly Movement1.4%
Tobacco Industry Average Movement3.8%
Market Average Movement4.4%
10% most volatile stocks in BD Market7.4%
10% least volatile stocks in BD Market2.2%

Stable Share Price: BATBC is less volatile than 75% of BD stocks over the past 3 months, typically moving +/- 1% a week.

Volatility Over Time: BATBC's weekly volatility (1%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19101,651Shehzad Munimhttps://www.batbangladesh.com

British American Tobacco Bangladesh Company Limited manufactures and sells cigarettes in Bangladesh. The company markets its products under the Benson & Hedges, John Player Gold Leaf, Capstan, Star, Lucky Strike, Royals of London, Derby, Pilot, and Hollywood. brands.

British American Tobacco Bangladesh Fundamentals Summary

How do British American Tobacco Bangladesh's earnings and revenue compare to its market cap?
BATBC fundamental statistics
Market Cap৳280.10b
Earnings (TTM)৳15.49b
Revenue (TTM)৳77.75b

18.1x

P/E Ratio

3.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BATBC income statement (TTM)
Revenue৳77.75b
Cost of Revenue৳36.57b
Gross Profit৳41.18b
Other Expenses৳25.69b
Earnings৳15.49b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)28.68
Gross Margin52.96%
Net Profit Margin19.92%
Debt/Equity Ratio17.3%

How did BATBC perform over the long term?

See historical performance and comparison

Dividends

5.8%

Current Dividend Yield

96%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is BATBC undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BATBC?

Other financial metrics that can be useful for relative valuation.

BATBC key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue3.7x
Enterprise Value/EBITDA8.6x
PEG Ratio2.6x

Price to Earnings Ratio vs Peers

How does BATBC's PE Ratio compare to its peers?

BATBC PE Ratio vs Peers
The above table shows the PE ratio for BATBC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average23.4x
GGRM Gudang Garam
10.4x2.1%Rp43.6t
TABAK Philip Morris CR
12.5xn/aKč45.3b
OLYMPIC Olympic Industries
17.4x23.3%৳25.6b
UNILEVERCL Unilever Consumer Care
53.3xn/a৳35.0b
BATBC British American Tobacco Bangladesh
18.1x6.8%৳280.1b

Price-To-Earnings vs Peers: BATBC is good value based on its Price-To-Earnings Ratio (18.1x) compared to the peer average (23.4x).


Price to Earnings Ratio vs Industry

How does BATBC's PE Ratio compare vs other companies in the Asian Tobacco Industry?

Price-To-Earnings vs Industry: BATBC is expensive based on its Price-To-Earnings Ratio (18.1x) compared to the Global Tobacco industry average (11.2x)


Price to Earnings Ratio vs Fair Ratio

What is BATBC's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BATBC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio18.1x
Fair PE Ratio18.2x

Price-To-Earnings vs Fair Ratio: BATBC is good value based on its Price-To-Earnings Ratio (18.1x) compared to the estimated Fair Price-To-Earnings Ratio (18.2x).


Share Price vs Fair Value

What is the Fair Price of BATBC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BATBC (BDT518.7) is trading below our estimate of fair value (BDT760.59)

Significantly Below Fair Value: BATBC is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is less than 20% higher than the current share price.


Discover undervalued companies

Future Growth

How is British American Tobacco Bangladesh forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


6.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BATBC's forecast earnings growth (6.8% per year) is above the savings rate (3.6%).

Earnings vs Market: BATBC's earnings (6.8% per year) are forecast to grow slower than the BD market (10% per year).

High Growth Earnings: BATBC's earnings are forecast to grow, but not significantly.

Revenue vs Market: BATBC's revenue (5.9% per year) is forecast to grow slower than the BD market (9.2% per year).

High Growth Revenue: BATBC's revenue (5.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BATBC's Return on Equity is forecast to be very high in 3 years time (49.5%).


Discover growth companies

Past Performance

How has British American Tobacco Bangladesh performed over the past 5 years?

Past Performance Score

6/6

Past Performance Score 6/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


13.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BATBC has high quality earnings.

Growing Profit Margin: BATBC's current net profit margins (19.9%) are higher than last year (19.9%).


Past Earnings Growth Analysis

Earnings Trend: BATBC's earnings have grown by 13.9% per year over the past 5 years.

Accelerating Growth: BATBC's earnings growth over the past year (14.7%) exceeds its 5-year average (13.9% per year).

Earnings vs Industry: BATBC earnings growth over the past year (14.7%) exceeded the Tobacco industry 4%.


Return on Equity

High ROE: BATBC's Return on Equity (40.9%) is considered outstanding.


Discover strong past performing companies

Financial Health

How is British American Tobacco Bangladesh's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: BATBC's short term assets (BDT45.5B) exceed its short term liabilities (BDT34.0B).

Long Term Liabilities: BATBC's short term assets (BDT45.5B) exceed its long term liabilities (BDT9.0B).


Debt to Equity History and Analysis

Debt Level: BATBC's net debt to equity ratio (13.4%) is considered satisfactory.

Reducing Debt: BATBC's debt to equity ratio has reduced from 30% to 17.3% over the past 5 years.

Debt Coverage: BATBC's debt is well covered by operating cash flow (294.7%).

Interest Coverage: BATBC's interest payments on its debt are well covered by EBIT (54.8x coverage).


Balance Sheet


Discover healthy companies

Dividend

What is British American Tobacco Bangladesh current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


5.78%

Current Dividend Yield

Dividend Yield vs Market

British American Tobacco Bangladesh Dividend Yield vs Market
How does British American Tobacco Bangladesh dividend yield compare to the market?
SegmentDividend Yield
Company (British American Tobacco Bangladesh)5.8%
Market Bottom 25% (BD)1.1%
Market Top 25% (BD)3.9%
Industry Average (Tobacco)4.8%
Analyst forecast in 3 Years (British American Tobacco Bangladesh)7.0%

Notable Dividend: BATBC's dividend (5.78%) is higher than the bottom 25% of dividend payers in the BD market (1.11%).

High Dividend: BATBC's dividend (5.78%) is in the top 25% of dividend payers in the BD market (3.84%)


Stability and Growth of Payments

Stable Dividend: BATBC's dividend payments have been volatile in the past 10 years.

Growing Dividend: BATBC's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (95.9%), BATBC's dividend payments are not well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (116.5%), BATBC's dividend payments are not well covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

3.7yrs

Average management tenure


CEO

Shehzad Munim

25.17yrs

Tenure

Mr. Shehzad Munim has been the Managing Director of British American Tobacco Bangladesh Co., Ltd since October 01, 2013 and serves as its Executive Director & Chief Executive Officer. Mr. Munim served as T...


Leadership Team

Experienced Management: BATBC's management team is considered experienced (3.7 years average tenure).


Board Members

Experienced Board: BATBC's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

What is the ownership structure of BATBC?
Owner TypeNumber of SharesOwnership Percentage
State or Government3,481,4160.6%
Institutions47,711,1238.8%
General Public95,099,23917.6%
Public Companies393,708,22272.9%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 8 shareholders own 82.39% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
72.91%
British American Tobacco p.l.c.
393,708,222BDT204.2b0%no data
5.6%
ICB Asset Management Company Ltd.
30,231,537BDT15.7b0%26.75%
2.83%
Sadharan Bima Corporation, Asset Management Arm
15,285,423BDT7.9b0%73.98%
0.64%
Bangladesh
3,481,416BDT1.8b0%no data
0.33%
Bangladesh Development Bank Limited, Asset Management Arm
1,807,502BDT937.6m0%95.49%
0.058%
BlackRock, Inc.
314,507BDT163.1m-3.49%no data
0.0095%
Eurizon Capital S.A.
51,102BDT26.5m0%no data
0.0039%
Eaton Vance Management
21,052BDT10.9m0%no data

Company Information

British American Tobacco Bangladesh Company Limited's employee growth, exchange listings and data sources


Key Information

  • Name: British American Tobacco Bangladesh Company Limited
  • Ticker: BATBC
  • Exchange: DSE
  • Founded: 1910
  • Industry: Tobacco
  • Sector: Food, Beverage & Tobacco
  • Implied Market Cap: ৳280.098b
  • Shares outstanding: 540.00m
  • Website: https://www.batbangladesh.com

Number of Employees


Location

  • British American Tobacco Bangladesh Company Limited
  • New D.O.H.S. Road
  • Mohakhali
  • Dhaka
  • 1206
  • Bangladesh


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BATBCDSE (Dhaka Stock Exchange Ltd.)YesOrdinary SharesBDBDTApr 1996

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/03 00:00
End of Day Share Price2022/10/03 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.