AnalystBro Research
Research
Company valuation reports, peer comparisons, results notes, industry reports and macro views, built from company filings and official data and independently reviewed before publishing. Company reports show their full model as view-only sheets. Facts and estimates, not investment advice.
6 articles.
Company · DSE:KOHINOOR · Food & tobacco · Initiation · 29 Oct 2026
Fair value range BDT 121-215: Tibet detergent and soaps grow ~10% a year but a 14% margin is near its peak
Fair value BDT 121-215 (base 169, 9.5x FY2026F EPS) against a price of 500.4; the price corresponds to a 8.5% cost of equity or a 30% EBIT margin on our forecast.
Fair value ৳121–215 · price ৳500.40 (2026-10-29)
Company · DSE:OLYMPIC · Food & tobacco · Initiation · 29 Oct 2026
Biscuit volume grew 9.8% but gross margin is stuck near 24%; fair value range BDT 50-97, base 71
Fair value range BDT 50-97 (base 71) at a 16.4% cost of equity; the price of BDT 134.9 is above the range and implies a 11.3% cost of capital.
Fair value ৳50–97 · price ৳134.90 (2026-10-29)
Company · DSE:RECKITTBEN · Food & tobacco · Initiation · 29 Oct 2026
Fair value range BDT 1,908-2,583 a share: Dettol and Harpic grow 3.5% a year and pay out all profit
Fair value BDT 1,908-2,583 (base 2,230, 12.6x FY2026F EPS) against a price of 3,221.4; the price corresponds to a 11.0% cost of equity on our forecast.
Fair value ৳1,908–2,583 · price ৳3,221.40 (2026-10-29)
Company · DSE:MARICO · Food & tobacco · Initiation · 29 Oct 2026
Copra cut the gross margin 10 points; EPS only 2% higher at BDT 211 in FY2027 on 100% payout
Fair value BDT 1,926-3,930 (base 3,016) against a price of 2,642.5; base = 12.9x FY2028F EPS and needs copra 10% cheaper and hair-oil volume back to growth.
Fair value ৳1,926–3,930 · price ৳2,642.50 (2026-10-29)
Company · DSE:UNILEVERCL · Food & tobacco · Initiation · 29 Oct 2026
Fair value BDT 144-351 a share: Horlicks volume fell 14% in H1 2026 and gross margin is 31%
Fair value BDT 144-351 (base 229) against a price of 1,952.9; the price implies a 5.7% cost of equity on our forecast of EPS BDT 21 in FY2026F.
Fair value ৳144–351 · price ৳1,952.90 (2026-10-29)
Company · DSE:BATBC · Food & tobacco · Initiation · 29 Oct 2026
BATBC: an 84% tax take caps EPS near BDT 17 by 2027, about half the 2024 level
Fair value BDT 53-199, base 101, against a price of 209.1. Net price per stick rises with the budget's tier prices, but volume, illicit trade and the next SD step decide earnings.
Fair value ৳53–199 · price ৳209.10 (2026-10-29)