Reported Earnings • Jun 02
Third quarter 2026 earnings released: EPS: ৳3.87 (vs ৳2.56 in 3Q 2025) Third quarter 2026 results: EPS: ৳3.87 (up from ৳2.56 in 3Q 2025). Revenue: ৳1.25b (up 26% from 3Q 2025). Net income: ৳724.3m (up 52% from 3Q 2025). Profit margin: 58% (up from 48% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Telecom industry in Asia. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 13% per year. Price Target Changed • May 20
Price target decreased by 40% to ৳166 Down from ৳279, the current price target is provided by 1 analyst. New target price is 20% above last closing price of ৳139. Stock is up 15% over the past year. The company is forecast to post earnings per share of ৳13.83 for next year compared to ৳11.01 last year. Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 7 non-independent directors. Independent Director Nasreen Awal was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 20
Bangladesh Submarine Cables PLC to Report Q3, 2026 Results on Apr 23, 2026 Bangladesh Submarine Cables PLC announced that they will report Q3, 2026 results on Apr 23, 2026 Announcement • Jan 23
Bangladesh Submarine Cable Company PLC Appoints Muhammad Shakawat Hussain as Company Secretary (Additional Charge), Effective January 4, 2026 Bangladesh Submarine Cable Company PLC announced that Mr. Muhammad Shakawat Hussain, Manager (Customer Care), has been appointed as the Company Secretary (Additional Charge) of the company with effect from January 4, 2026. Announcement • Jan 22
Bangladesh Submarine Cables PLC to Report Q2, 2026 Results on Jan 28, 2026 Bangladesh Submarine Cables PLC announced that they will report Q2, 2026 results on Jan 28, 2026 Announcement • Nov 11
Bangladesh Submarine Cables PLC to Report Q1, 2026 Results on Nov 13, 2025 Bangladesh Submarine Cables PLC announced that they will report Q1, 2026 results on Nov 13, 2025 Announcement • Sep 24
Bangladesh Submarine Cables PLC announces Annual dividend, payable on December 23, 2025 Bangladesh Submarine Cables PLC announced Annual dividend of BDT 4.0000 per share payable on December 23, 2025, ex-date on October 23, 2025 and record date on October 22, 2025. Announcement • Sep 23
Bangladesh Submarine Cables PLC, Annual General Meeting, Nov 23, 2025 Bangladesh Submarine Cables PLC, Annual General Meeting, Nov 23, 2025, at 11:00 Central Asia Standard Time. Announcement • Sep 15
Bangladesh Submarine Cables PLC to Report Fiscal Year 2025 Results on Sep 22, 2025 Bangladesh Submarine Cables PLC announced that they will report fiscal year 2025 results on Sep 22, 2025 Announcement • Apr 16
Bangladesh Submarine Cables PLC to Report Q3, 2025 Results on Apr 21, 2025 Bangladesh Submarine Cables PLC announced that they will report Q3, 2025 results on Apr 21, 2025 Announcement • Jan 21
Bangladesh Submarine Cables PLC to Report Q2, 2025 Results on Jan 25, 2025 Bangladesh Submarine Cables PLC announced that they will report Q2, 2025 results on Jan 25, 2025 Reported Earnings • Nov 13
First quarter 2025 earnings released: EPS: ৳2.83 (vs ৳4.17 in 1Q 2024) First quarter 2025 results: EPS: ৳2.83 (down from ৳4.17 in 1Q 2024). Revenue: ৳968.9m (down 23% from 1Q 2024). Net income: ৳475.6m (down 31% from 1Q 2024). Profit margin: 49% (down from 55% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Telecom industry in Asia. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings. Announcement • Nov 06
Bangladesh Submarine Cables PLC to Report Q1, 2025 Results on Nov 09, 2024 Bangladesh Submarine Cables PLC announced that they will report Q1, 2025 results on Nov 09, 2024 Upcoming Dividend • Oct 29
Upcoming dividend of ৳4.00 per share Eligible shareholders must have bought the stock before 05 November 2024. Payment date: 29 December 2024. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of Bangladeshi dividend payers (5.2%). Higher than average of industry peers (3.1%). Announcement • Oct 23
Bangladesh Submarine Cables PLC Appoints Md. Aslam Hossain as Managing Director Bangladesh Submarine Cables PLC informed that the Board of Directors has appointed Mr. Md. Aslam Hossain as the Managing Director of the company. Reported Earnings • Oct 09
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: ৳11.10 (down from ৳16.92 in FY 2023). Revenue: ৳3.99b (down 23% from FY 2023). Net income: ৳1.83b (down 34% from FY 2023). Profit margin: 46% (down from 54% in FY 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 15%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Oct 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ৳120, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 14x in the Telecom industry in Asia. Total loss to shareholders of 43% over the past three years. Announcement • Sep 30
Bangladesh Submarine Cables PLC to Report Fiscal Year 2024 Results on Oct 05, 2024 Bangladesh Submarine Cables PLC announced that they will report fiscal year 2024 results on Oct 05, 2024 New Risk • Sep 24
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 13% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.5% average weekly change). Minor Risks Dividend is not well covered by cash flows (109% cash payout ratio). Shareholders have been diluted in the past year (13% increase in shares outstanding). Valuation Update With 7 Day Price Move • Sep 15
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ৳162, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 14x in the Telecom industry in Asia. Total loss to shareholders of 18% over the past three years. Valuation Update With 7 Day Price Move • Aug 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ৳144, the stock trades at a trailing P/E ratio of 9.9x. Average trailing P/E is 32x in the Telecom industry in Bangladesh. Total loss to shareholders of 16% over the past three years. New Risk • Aug 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Bangladeshi stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (96% cash payout ratio). Share price has been volatile over the past 3 months (7.0% average weekly change). Reported Earnings • May 01
Third quarter 2024 earnings released: EPS: ৳2.45 (vs ৳4.00 in 3Q 2023) Third quarter 2024 results: EPS: ৳2.45 (down from ৳4.00 in 3Q 2023). Revenue: ৳972.0m (down 23% from 3Q 2023). Net income: ৳404.5m (down 39% from 3Q 2023). Profit margin: 42% (down from 52% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Apr 26
Bangladesh Submarine Cable Company Limited to Report Q3, 2024 Results on Apr 29, 2024 Bangladesh Submarine Cable Company Limited announced that they will report Q3, 2024 results on Apr 29, 2024 Announcement • Feb 12
Bangladesh Submarine Cable Company Limited Announces That Mr. Mohammad Zakirul Alam Has Been Given Additional Charge of Company Secretary Bangladesh Submarine Cable Company Limited has informed that Mr. Mohammad Zakirul Alam, Deputy General Manager (Customer Care) has been given additional charge of Company Secretary of the company. Reported Earnings • Feb 03
Second quarter 2024 earnings released: EPS: ৳3.58 (vs ৳4.37 in 2Q 2023) Second quarter 2024 results: EPS: ৳3.58 (down from ৳4.37 in 2Q 2023). Revenue: ৳1.16b (down 12% from 2Q 2023). Net income: ৳590.0m (down 18% from 2Q 2023). Profit margin: 51% (down from 55% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ৳180, the stock trades at a trailing P/E ratio of 10.9x. Average trailing P/E is 26x in the Telecom industry in Bangladesh. Total returns to shareholders of 7.6% over the past three years. Announcement • Jan 23
Bangladesh Submarine Cable Company Limited to Report Q2, 2024 Results on Jan 30, 2024 Bangladesh Submarine Cable Company Limited announced that they will report Q2, 2024 results on Jan 30, 2024 Reported Earnings • Nov 20
First quarter 2024 earnings released: EPS: ৳3.88 (vs ৳4.33 in 1Q 2023) First quarter 2024 results: EPS: ৳3.88 (down from ৳4.33 in 1Q 2023). Revenue: ৳1.25b (down 4.0% from 1Q 2023). Net income: ৳640.1m (down 10% from 1Q 2023). Profit margin: 51% (down from 55% in 1Q 2023). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 20
Full year 2023 earnings released: EPS: ৳16.92 (vs ৳15.16 in FY 2022) Full year 2023 results: EPS: ৳16.92 (up from ৳15.16 in FY 2022). Revenue: ৳5.15b (up 17% from FY 2022). Net income: ৳2.79b (up 12% from FY 2022). Profit margin: 54% (down from 57% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 14
Upcoming dividend of ৳5.10 per share at 2.3% yield Eligible shareholders must have bought the stock before 21 September 2023. Payment date: 12 November 2023. Payout ratio is a comfortable 27% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of Bangladeshi dividend payers (3.3%). Higher than average of industry peers (2.0%). Price Target Changed • Sep 05
Price target increased by 7.9% to ৳279 Up from ৳259, the current price target is an average from 2 analysts. New target price is 27% above last closing price of ৳219. Stock is down 7.2% over the past year. The company is forecast to post earnings per share of ৳16.10 for next year compared to ৳15.16 last year. Announcement • Aug 30
Bangladesh Submarine Cable Company Limited Recommends Cash Dividend for the Year Ended June 30, 2023 The Board of Directors of Bangladesh Submarine Cable Company Limited has recommended 51% Cash Dividend for the year ended June 30, 2023. Announcement • Aug 18
Bangladesh Submarine Cable Company Limited to Report Fiscal Year 2023 Results on Aug 28, 2023 Bangladesh Submarine Cable Company Limited announced that they will report fiscal year 2023 results on Aug 28, 2023 Reported Earnings • May 04
Third quarter 2023 earnings released: EPS: ৳4.00 (vs ৳4.03 in 3Q 2022) Third quarter 2023 results: EPS: ৳4.00 (down from ৳4.03 in 3Q 2022). Revenue: ৳1.27b (up 9.7% from 3Q 2022). Net income: ৳659.6m (flat on 3Q 2022). Profit margin: 52% (down from 58% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Telecom industry in Asia. Reported Earnings • Feb 03
Second quarter 2023 earnings released: EPS: ৳4.37 (vs ৳3.64 in 2Q 2022) Second quarter 2023 results: EPS: ৳4.37 (up from ৳3.64 in 2Q 2022). Revenue: ৳1.31b (up 22% from 2Q 2022). Net income: ৳720.1m (up 20% from 2Q 2022). Profit margin: 55% (in line with 2Q 2022). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 17
First quarter 2023 earnings released: EPS: ৳4.33 (vs ৳3.21 in 1Q 2022) First quarter 2023 results: EPS: ৳4.33 (up from ৳3.21 in 1Q 2022). Revenue: ৳1.30b (up 37% from 1Q 2022). Net income: ৳714.2m (up 35% from 1Q 2022). Profit margin: 55% (in line with 1Q 2022). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent There are 9 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 9 new directors. No experienced directors. No highly experienced directors. 2 independent directors (7 non-independent directors). Independent Director N. K. Mobin is the most experienced director on the board, commencing their role in 2020. Independent Director Syed Quader was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Upcoming Dividend • Nov 01
Upcoming dividend of ৳4.60 per share Eligible shareholders must have bought the stock before 08 November 2022. Payment date: 02 January 2023. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Bangladeshi dividend payers (3.9%). Higher than average of industry peers (1.7%). Reported Earnings • Oct 19
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: ৳15.16 (up from ৳11.57 in FY 2021). Revenue: ৳4.42b (up 28% from FY 2021). Net income: ৳2.50b (up 31% from FY 2021). Profit margin: 57% (up from 55% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.3%. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 3.7% growth forecast for the Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Announcement • Oct 12
Bangladesh Submarine Cable Company Limited Recommends Cash Dividend for the Year Ended June 30, 2022 The Board of Directors of Bangladesh Submarine Cable Company Limited has recommended 46% cash dividend for the year ended June 30, 2022. Announcement • Aug 24
Bangladesh Submarine Cable Company Limited Appoints Md. Shahab Uddin as Managing Director Bangladesh Submarine Cable Company Limited announced that Mr. Md. Shahab Uddin has been appointed as the Managing Director of the Company. Reported Earnings • May 02
Third quarter 2022 earnings released: EPS: ৳4.03 (vs ৳3.20 in 3Q 2021) Third quarter 2022 results: EPS: ৳4.03 (up from ৳3.20 in 3Q 2021). Revenue: ৳1.15b (up 31% from 3Q 2021). Net income: ৳664.8m (up 26% from 3Q 2021). Profit margin: 58% (down from 60% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 20%, compared to a 4.2% growth forecast for the industry in Bangladesh. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Price Target Changed • Apr 27
Price target increased to ৳238 Up from ৳184, the current price target is an average from 2 analysts. New target price is 5.2% above last closing price of ৳226. Stock is up 34% over the past year. The company posted earnings per share of ৳11.57 last year. Board Change • Apr 27
Less than half of directors are independent There are 9 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 9 new directors. No experienced directors. No highly experienced directors. 2 independent directors (7 non-independent directors). Independent Director N. K. Mobin is the most experienced director on the board, commencing their role in 2020. Independent Director Syed Quader was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Feb 03
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: EPS: ৳3.64 (up from ৳2.36 in 2Q 2021). Revenue: ৳1.07b (up 36% from 2Q 2021). Net income: ৳599.5m (up 54% from 2Q 2021). Profit margin: 56% (up from 49% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 23%, compared to a 4.1% growth forecast for the industry in Bangladesh. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Nov 07
Upcoming dividend of ৳3.70 per share Eligible shareholders must have bought the stock before 14 November 2021. Payment date: 06 January 2022. Trailing yield: 1.9%. Lower than top quartile of Bangladeshi dividend payers (3.0%). In line with average of industry peers (1.8%). Reported Earnings • Nov 01
Full year 2021 earnings released: EPS ৳11.57 (vs ৳5.80 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ৳3.45b (up 38% from FY 2020). Net income: ৳1.91b (up 100% from FY 2020). Profit margin: 55% (up from 38% in FY 2020). Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improved over the past week After last week's 25% share price gain to ৳223, the stock trades at a trailing P/E ratio of 23.8x. Average trailing P/E is 25x in the Telecom industry in Bangladesh. Total returns to shareholders of 137% over the past three years. Reported Earnings • May 28
Third quarter 2021 earnings released: EPS ৳3.20 (vs ৳1.72 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ৳879.2m (up 29% from 3Q 2020). Net income: ৳527.4m (up 86% from 3Q 2020). Profit margin: 60% (up from 42% in 3Q 2020). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 02
Second quarter 2021 earnings released: EPS ৳2.36 (vs ৳1.22 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ৳791.2m (up 33% from 2Q 2020). Net income: ৳389.2m (up 94% from 2Q 2020). Profit margin: 49% (up from 34% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Jan 14
New 90-day high: ৳183 The company is up 34% from its price of ৳137 on 15 October 2020. The Bangladeshi market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Telecom industry, which is up 27% over the same period. Valuation Update With 7 Day Price Move • Dec 24
Investor sentiment improved over the past week After last week's 17% share price gain to ৳164, the stock is trading at a trailing P/E ratio of 24.3x, up from the previous P/E ratio of 20.8x. This compares to an average P/E of 24x in the Telecom industry in Bangladesh. Total returns to shareholders over the past three years are 65%. Is New 90 Day High Low • Dec 23
New 90-day high: ৳152 The company is up 16% from its price of ৳131 on 24 September 2020. The Bangladeshi market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Telecom industry, which is up 9.0% over the same period. Reported Earnings • Nov 17
First quarter 2021 earnings released: EPS ৳2.01 The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ৳770.8m (up 43% from 1Q 2020). Net income: ৳330.9m (up 93% from 1Q 2020). Profit margin: 43% (up from 32% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Oct 19
New 90-day high: ৳145 The company is up 56% from its price of ৳92.70 on 21 July 2020. The Bangladeshi market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Telecom industry, which is up 43% over the same period. Valuation Update With 7 Day Price Move • Oct 19
Market bids up stock over the past week After last week's 20% share price gain to ৳145, the stock is trading at a trailing P/E ratio of 28.6x, up from the previous P/E ratio of 23.9x. This compares to an average P/E of 27x in the Telecom industry in Bangladesh. Total returns to shareholders over the past three years are 36%.