Grameenphone Ltd.

DSE:GP Stock Report

Market Cap: ৳429.7b

Grameenphone Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • 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 GP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: GP (BDT318.2) is trading below our estimate of fair value (BDT461.22)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for GP. This is calculated by dividing GP's market cap by their current earnings.
What is GP's PE Ratio?
PE Ratio12.1x
Earnings৳35.42b
Market Cap৳429.67b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for GP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average17x
ROBI Robi Axiata
24.6xn/a৳135.7b
FNTN freenet
12.4x4.2%€3.4b
ORAC Orange CI
20xn/aXOF 2.6t
TEL PLDT
10.9x11.9%₱291.7b
GP Grameenphone
12.1xn/a৳429.7b

Price-To-Earnings vs Peers: GP is good value based on its Price-To-Earnings Ratio (12.1x) compared to the peer average (17x).

Price to Earnings Ratio vs Industry

How does GP's PE Ratio compare vs other companies in the Asian Wireless Telecom Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
GP 12.1xIndustry Avg. 18.0xNo. of Companies6PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: GP is good value based on its Price-To-Earnings Ratio (12.1x) compared to the Asian Wireless Telecom industry average (18x).

Price to Earnings Ratio vs Fair Ratio

What is GP'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.

GP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.1x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate GP's Price-To-Earnings Fair Ratio for valuation analysis.

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 GP forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current৳318.20
৳373.83
+17.5%
27.2%৳470.00৳233.00n/a3
Nov ’25৳314.20
৳373.83
+19.0%
27.2%৳470.00৳233.00n/a3
Oct ’25৳348.50
৳373.83
+7.3%
27.2%৳470.00৳233.00n/a3
Sep ’25৳343.10
৳373.83
+9.0%
27.2%৳470.00৳233.00n/a3
Apr ’25৳236.90
৳305.50
+29.0%
4.1%৳318.00৳293.00n/a2
Mar ’25৳286.60
৳305.50
+6.6%
4.1%৳318.00৳293.00n/a2
Feb ’25৳286.60
৳305.50
+6.6%
4.1%৳318.00৳293.00n/a2
Jan ’25৳286.60
৳331.00
+15.5%
17.4%৳407.00৳268.00n/a3
Dec ’24৳286.60
৳331.00
+15.5%
17.4%৳407.00৳268.00n/a3
Nov ’24৳286.60
৳331.00
+15.5%
17.4%৳407.00৳268.00৳314.203
Oct ’24৳286.60
৳331.00
+15.5%
17.4%৳407.00৳268.00৳348.503
Sep ’24৳286.60
৳331.00
+15.5%
17.4%৳407.00৳268.00৳343.103
Aug ’24৳286.60
৳345.75
+20.6%
16.2%৳407.00৳268.00৳254.804
Jul ’24৳286.60
৳345.75
+20.6%
16.2%৳407.00৳268.00৳247.704
Jun ’24৳286.60
৳325.33
+13.5%
15.4%৳390.00৳268.00৳223.503
May ’24৳286.60
৳325.33
+13.5%
15.4%৳390.00৳268.00৳235.803
Apr ’24৳286.60
৳325.33
+13.5%
15.4%৳390.00৳268.00৳236.903
Mar ’24৳286.60
৳325.33
+13.5%
15.4%৳390.00৳268.00৳286.603
Feb ’24৳286.60
৳325.33
+13.5%
15.4%৳390.00৳268.00৳286.603
Jan ’24৳286.60
৳337.90
+17.9%
19.8%৳404.80৳271.00৳286.602
Dec ’23৳286.60
৳337.90
+17.9%
19.8%৳404.80৳271.00৳286.602
Nov ’23৳286.60
৳337.90
+17.9%
19.8%৳404.80৳271.00৳286.602

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

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