Company · Initiation · 31 Oct 2026
Fair value range BDT 6.1–19.4 against a price of 29.7: revenue grows 6–7% again, but a 14% sustainable ROE sits below a 17% cost of equity
Fair value range BDT 6.1–19.4 (base 12.8) against a price of 29.7. ARPU growth and the 10-Nov-2026 spectrum renewal decide where in the range value lies; the cost of equity explains most of the gap to the price.
Robi Axiata PLC (DSE: ROBI) is Bangladesh's second-largest mobile operator. It had 57.4mn active subscribers at the end of 2025, of whom 44.5mn used mobile internet and 39.9mn were on 4G. BTRC figures reported by The Financial Express put Robi at 59.0mn of 191.1mn mobile…
Fair value ৳6–19 · price ৳29.70 (2026-10-29)