Company · 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.
British American Tobacco Bangladesh (BATBC) is a cash machine whose margin now belongs to the budget. Of every Tk 100 of cigarettes it invoiced in 2025, Tk 82 went to the government as supplementary duty (SD), VAT and health surcharge, up from Tk 77 in…
Fair value ৳53–199 · price ৳209.10 (2026-10-29)