Rogers Communications Inc.

NYSE:RCI Stock Report

Market Cap: US$19.3b

Rogers Communications Valuation

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

Valuation Score

5/6

Valuation Score 5/6

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

Below Fair Value: RCI ($35.71) is trading below our estimate of fair value ($122.11)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for RCI. This is calculated by dividing RCI's market cap by their current earnings.
What is RCI's PE Ratio?
PE Ratio17.8x
EarningsCA$1.50b
Market CapCA$27.25b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for RCI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average20x
TIGO Millicom International Cellular
28.4x28.4%US$4.6b
VEON VEON
7.5xn/aUS$2.3b
TMUS T-Mobile US
26.5x11.0%US$273.4b
GOGO Gogo
17.3x19.3%US$948.4m
RCI Rogers Communications
17.8x18.0%US$27.2b

Price-To-Earnings vs Peers: RCI is good value based on its Price-To-Earnings Ratio (17.8x) compared to the peer average (20x).

Price to Earnings Ratio vs Industry

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

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
RCI 17.8xIndustry Avg. 16.6xNo. of Companies9PE01020304050+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: RCI is expensive based on its Price-To-Earnings Ratio (17.8x) compared to the Global Wireless Telecom industry average (16.7x).

Price to Earnings Ratio vs Fair Ratio

What is RCI'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.

RCI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio17.8x
Fair PE Ratio31.1x

Price-To-Earnings vs Fair Ratio: RCI is good value based on its Price-To-Earnings Ratio (17.8x) compared to the estimated Fair Price-To-Earnings Ratio (31.1x).

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 RCI forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$35.71
US$49.60
+38.9%
9.1%US$60.26US$39.46n/a17
Nov ’25US$36.08
US$50.18
+39.1%
9.4%US$60.45US$39.58n/a17
Oct ’25US$39.38
US$51.11
+29.8%
7.6%US$57.53US$42.04n/a17
Sep ’25US$40.55
US$50.12
+23.6%
7.7%US$56.75US$41.47n/a17
Aug ’25US$38.09
US$49.70
+30.5%
7.6%US$56.42US$41.23n/a17
Jul ’25US$36.58
US$52.29
+42.9%
7.1%US$58.55US$46.11n/a17
Jun ’25US$40.40
US$52.29
+29.4%
7.1%US$58.55US$46.11n/a17
May ’25US$37.44
US$52.29
+39.7%
7.1%US$58.55US$46.11n/a17
Apr ’25US$40.75
US$56.69
+39.1%
7.4%US$66.34US$49.38n/a17
Mar ’25US$44.53
US$57.45
+29.0%
8.0%US$66.91US$49.81n/a17
Feb ’25US$47.25
US$57.09
+20.8%
6.9%US$67.22US$50.04n/a17
Jan ’25US$46.81
US$56.79
+21.3%
7.0%US$67.28US$50.83n/a17
Dec ’24US$44.66
US$54.74
+22.6%
7.1%US$66.68US$50.38n/a17
Nov ’24US$37.79
US$52.66
+39.4%
8.4%US$64.90US$46.87US$36.0817
Oct ’24US$38.39
US$55.72
+45.1%
6.6%US$66.58US$50.30US$39.3817
Sep ’24US$41.05
US$56.91
+38.6%
7.3%US$68.00US$49.11US$40.5517
Aug ’24US$43.73
US$56.91
+30.1%
7.3%US$68.00US$49.11US$38.0917
Jul ’24US$45.64
US$56.05
+22.8%
8.5%US$67.91US$47.54US$36.5817
Jun ’24US$44.51
US$54.54
+22.5%
8.3%US$66.29US$46.41US$40.4017
May ’24US$49.66
US$54.84
+10.4%
7.9%US$66.20US$46.34US$37.4416
Apr ’24US$46.36
US$53.72
+15.9%
5.6%US$59.19US$46.61US$40.7516
Mar ’24US$47.60
US$54.11
+13.7%
5.8%US$59.51US$46.86US$44.5316
Feb ’24US$48.68
US$53.05
+9.0%
6.4%US$59.58US$46.92US$47.2516
Jan ’24US$46.84
US$52.10
+11.2%
6.7%US$59.09US$46.53US$46.8116
Dec ’23US$46.80
US$52.91
+13.1%
6.0%US$60.04US$47.28US$44.6616
Nov ’23US$42.13
US$53.15
+26.2%
8.3%US$63.13US$46.25US$37.7916

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

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