Square Pharmaceuticals Valuation

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

SQURPHARMA (BDT221.8) is trading below our estimate of [[fair value]] (BDT396.92)

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

Valuation Score

6/6

Valuation Score 6/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: SQURPHARMA (BDT221.8) is trading below our estimate of fair value (BDT396.92)

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

Key Valuation Metric

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

Key metric: As SQURPHARMA is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for SQURPHARMA. This is calculated by dividing SQURPHARMA's market cap by their current earnings.
What is SQURPHARMA's PE Ratio?
PE Ratio	9.7x
Earnings	৳20.24b
Market Cap	৳196.61b

SQURPHARMA 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/Revenue	2x
Enterprise Value/EBITDA	6.9x
PEG Ratio	0.8x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for SQURPHARMA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	23.5x
RENATA Renata	20.3x	n/a	৳73.4b
BXPHARMA Beximco Pharmaceuticals	6x	16.5%	৳35.6b
BEACONPHAR Beacon Pharmaceuticals	61.2x	n/a	৳28.5b
ACMELAB ACME Laboratories	6.4x	n/a	৳15.6b
SQURPHARMA Square Pharmaceuticals	9.7x	12.8%	৳196.6b

Price-To-Earnings vs Peers: SQURPHARMA is good value based on its Price-To-Earnings Ratio (9.7x) compared to the peer average (23.5x).

Price to Earnings Ratio vs Industry

How does SQURPHARMA's PE Ratio compare vs other companies in the Asian Pharmaceuticals Industry?

13 Companies	Price / Earnings	Estimated Growth	Market Cap

13 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: SQURPHARMA is good value based on its Price-To-Earnings Ratio (9.7x) compared to the Asian Pharmaceuticals industry average (24.7x).

Price to Earnings Ratio vs Fair Ratio

What is SQURPHARMA'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.

SQURPHARMA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	9.7x
Fair PE Ratio	13.5x

Price-To-Earnings vs Fair Ratio: SQURPHARMA is good value based on its Price-To-Earnings Ratio (9.7x) compared to the estimated Fair Price-To-Earnings Ratio (13.5x).

Analyst Price Targets

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

The above table shows the analyst SQURPHARMA forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	৳221.80	৳322.80 +45.5%	5.1%	৳346.00	৳309.40	n/a	3
Nov ’25	৳217.90	৳322.80 +48.1%	5.1%	৳346.00	৳309.40	n/a	3
Oct ’25	৳229.30	৳322.80 +40.8%	5.1%	৳346.00	৳309.40	n/a	3
Sep ’25	৳230.50	৳329.50 +43.0%	5.0%	৳346.00	৳313.00	n/a	2
Aug ’25	৳214.20	৳329.50 +53.8%	5.0%	৳346.00	৳313.00	n/a	2
Jul ’25	৳210.90	৳328.00 +55.5%	4.2%	৳346.00	৳313.00	n/a	3
Jun ’25	৳208.50	৳321.75 +54.3%	5.0%	৳346.00	৳303.00	n/a	4
May ’25	৳210.90	৳321.75 +52.6%	5.0%	৳346.00	৳303.00	n/a	4
Apr ’25	৳218.00	৳315.20 +44.6%	6.2%	৳346.00	৳289.00	n/a	5
Mar ’25	৳216.80	৳315.20 +45.4%	6.2%	৳346.00	৳289.00	n/a	5
Feb ’25	৳218.00	৳313.20 +43.7%	6.4%	৳346.00	৳289.00	n/a	5
Jan ’25	৳209.80	৳318.00 +51.6%	8.9%	৳370.00	৳289.00	n/a	5
Dec ’24	৳209.80	৳321.00 +53.0%	9.3%	৳370.00	৳289.00	n/a	5
Nov ’24	৳211.10	৳321.00 +52.1%	9.3%	৳370.00	৳289.00	৳217.90	5
Oct ’24	৳209.80	৳321.00 +53.0%	9.3%	৳370.00	৳289.00	৳229.30	5
Sep ’24	৳211.10	৳325.50 +54.2%	9.8%	৳370.00	৳289.00	৳230.50	4
Aug ’24	৳209.80	৳325.50 +55.1%	9.8%	৳370.00	৳289.00	৳214.20	4
Jul ’24	৳209.80	৳325.50 +55.1%	9.8%	৳370.00	৳289.00	৳210.90	4
Jun ’24	৳209.80	৳325.50 +55.1%	9.8%	৳370.00	৳289.00	৳208.50	4
May ’24	৳209.80	৳318.19 +51.7%	10.6%	৳370.00	৳283.93	৳210.90	5
Apr ’24	৳209.80	৳325.48 +55.1%	10.4%	৳370.00	৳283.93	৳218.00	4
Mar ’24	৳209.80	৳325.48 +55.1%	10.4%	৳370.00	৳283.93	৳216.80	4
Feb ’24	৳209.80	৳325.48 +55.1%	10.4%	৳370.00	৳283.93	৳218.00	4
Jan ’24	৳209.80	৳327.98 +56.3%	11.8%	৳383.00	৳283.93	৳209.80	4
Dec ’23	৳209.80	৳327.98 +56.3%	11.8%	৳383.00	৳283.93	৳209.80	4
Nov ’23	৳209.80	৳325.39 +55.1%	10.8%	৳383.00	৳283.93	৳211.10	5

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.