Date Beximco Adjusted Closing Price

12/2/2021 BDT 168.20

12/1/2021 BDT 166.90
11/30/2021 BDT 152.00
11/29/2021 BDT 158.80
11/28/2021 BDT 163.30
11/25/2021 BDT 170.20
11/24/2021 BDT 173.80
11/23/2021 BDT 174.60
11/22/2021 BDT 175.60
11/21/2021 BDT 175.60
11/18/2021 BDT 174.90
11/17/2021 BDT 173.50
11/16/2021 BDT 176.30
11/15/2021 BDT 177.40
11/14/2021 BDT 180.70
11/11/2021 BDT 185.00
11/10/2021 BDT 178.50
11/9/2021 BDT 174.30
11/8/2021 BDT 172.90
11/7/2021 BDT 173.90
11/4/2021 BDT 170.60
11/3/2021 BDT 163.20
11/2/2021 BDT 162.60
11/1/2021 BDT 163.20
10/31/2021 BDT 163.10
10/28/2021 BDT 164.10
10/27/2021 BDT 160.70
10/26/2021 BDT 162.20
10/25/2021 BDT 160.40
10/24/2021 BDT 167.70
10/21/2021 BDT 156.00
10/19/2021 BDT 142.40
10/18/2021 BDT 144.20
10/17/2021 BDT 144.00
10/14/2021 BDT 139.60
10/13/2021 BDT 138.10
10/12/2021 BDT 139.90
10/11/2021 BDT 139.80
10/10/2021 BDT 139.60
10/7/2021 BDT 140.80
10/6/2021 BDT 147.50
10/5/2021 BDT 148.30
10/4/2021 BDT 145.90
10/3/2021 BDT 141.60
9/30/2021 BDT 137.20
9/29/2021 BDT 137.00
9/28/2021 BDT 137.90
9/27/2021 BDT 137.70
9/26/2021 BDT 137.50
9/23/2021 BDT 134.40
9/22/2021 BDT 134.60
9/21/2021 BDT 136.80
9/20/2021 BDT 136.30
9/19/2021 BDT 134.40
9/16/2021 BDT 135.20
9/16/2021 BDT 135.20
9/15/2021 BDT 127.20
9/14/2021 BDT 119.40
9/13/2021 BDT 117.30
9/12/2021 BDT 117.20
9/9/2021 BDT 116.90
6/1/2021 BDT 2,441.79
7/1/2021 BDT 2,527.37
Beximco Daily Return Pharma Aids Adjusted Closing Price
0.78% BDT 500.60
9.80% BDT 501.90
-4.28% BDT 485.80
-2.76% BDT 487.30
-4.05% BDT 484.40
-2.07% BDT 488.40
-0.46% BDT 489.50
-0.57% BDT 487.30
0.00% BDT 485.20
0.40% BDT 490.40
0.81% BDT 508.20
-1.59% BDT 482.80
-0.62% BDT 488.30
-1.83% BDT 500.70
-2.32% BDT 513.10
3.64% BDT 518.50
2.41% BDT 519.90
0.81% BDT 519.60
-0.58% BDT 535.60
1.93% BDT 578.40
4.53% BDT 624.80
0.37% BDT 616.00
-0.37% BDT 573.10
0.06% BDT 533.20
-0.61% BDT 527.40
2.12% BDT 525.70
-0.92% BDT 523.30
1.12% BDT 535.10
-4.35% BDT 506.80
7.50% BDT 518.80
9.55% BDT 545.30
-1.25% BDT 556.10
0.14% BDT 555.80
3.15% BDT 587.60
1.09% BDT 583.10
-1.29% BDT 579.60
0.07% BDT 603.20
0.14% BDT 627.00
-0.85% BDT 615.70
-4.54% BDT 572.80
-0.54% BDT 555.30
1.64% BDT 584.00
3.04% BDT 615.50
3.21% BDT 622.10
0.15% BDT 634.80
-0.65% BDT 602.00
0.15% BDT 611.50
0.15% BDT 613.80
2.31% BDT 615.60
-0.15% BDT 633.80
-1.61% BDT 635.90
0.37% BDT 641.60
1.41% BDT 635.20
-0.59% BDT 661.30
0.00% BDT 690.30
6.29% BDT 690.30
6.53% BDT 667.30
1.79% BDT 620.80
0.09% BDT 658.50
0.26% BDT 666.50
BDT 620.00
#DIV/0! BDT 270.38
3.50% BDT 284.37
Pharma Aids Daily Return LankaBangla Adjusted Closing Price
-0.26% BDT 40.90
3.31% BDT 39.90
-0.31% BDT 38.80
0.60% BDT 39.40
-0.82% BDT 38.90
-0.22% BDT 38.70
0.45% BDT 39.20
0.43% BDT 40.10
-1.06% BDT 40.40
-3.50% BDT 41.70
5.26% BDT 41.70
-1.13% BDT 41.40
-2.48% BDT 41.60
-2.42% BDT 39.30
-1.04% BDT 38.90
-0.27% BDT 39.60
0.06% BDT 40.40
-2.99% BDT 38.50
-7.40% BDT 37.30
-7.43% BDT 38.30
1.43% BDT 38.90
7.49% BDT 39.10
7.48% BDT 39.80
1.10% BDT 40.40
0.32% BDT 41.60
0.46% BDT 41.30
-2.21% BDT 39.40
5.58% BDT 40.00
-2.31% BDT 38.60
-4.86% BDT 39.40
-1.94% BDT 40.50
0.05% BDT 40.70
-5.41% BDT 41.20
0.77% BDT 42.30
0.60% BDT 42.80
-3.91% BDT 42.70
-3.80% BDT 42.60
1.84% BDT 43.60
7.49% BDT 44.20
3.15% BDT 44.70
-4.91% BDT 44.70
-5.12% BDT 44.70
-1.06% BDT 45.50
-2.00% BDT 47.10
5.45% BDT 45.70
-1.55% BDT 44.00
-0.37% BDT 43.40
-0.29% BDT 42.60
-2.87% BDT 42.40
-0.33% BDT 42.70
-0.89% BDT 42.80
1.01% BDT 43.50
-3.95% BDT 43.90
-4.20% BDT 44.10
0.00% BDT 44.00
3.45% BDT 44.00
7.49% BDT 44.00
-5.73% BDT 42.10
-1.20% BDT 41.70
7.50% BDT 41.10
BDT 41.00
#DIV/0! $136.76
5.17% $145.64
LankaBangla Daily Return ACI Adjusted Closing Price
2.51% BDT 298.00
2.84% BDT 294.50
-1.52% BDT 289.40
1.29% BDT 295.70
0.52% BDT 298.90
-1.28% BDT 304.00
-2.24% BDT 308.50
-0.74% BDT 313.20
-3.12% BDT 304.30
0.00% BDT 297.40
0.72% BDT 335.80
-0.48% BDT 335.80
5.85% BDT 329.30
1.03% BDT 331.20
-1.77% BDT 323.50
-1.98% BDT 314.60
4.94% BDT 317.20
3.22% BDT 306.10
-2.61% BDT 306.40
-1.54% BDT 306.90
-0.51% BDT 310.00
-1.76% BDT 309.30
-1.49% BDT 312.60
-2.88% BDT 317.80
0.73% BDT 318.70
4.82% BDT 316.70
-1.50% BDT 315.80
3.63% BDT 314.80
-2.03% BDT 305.40
-2.72% BDT 310.10
-0.49% BDT 314.30
-1.21% BDT 312.50
-2.60% BDT 313.40
-1.17% BDT 318.40
0.23% BDT 326.60
0.23% BDT 326.30
-2.29% BDT 341.70
-1.36% BDT 346.70
-1.12% BDT 330.00
0.00% BDT 320.30
 0.00% BDT 317.30
-1.76% BDT 306.80
-3.40% BDT 310.20
3.06% BDT 312.20
3.86% BDT 300.60
1.38% BDT 299.90
1.88% BDT 301.50
0.47% BDT 302.80
-0.70% BDT 301.40
-0.23% BDT 304.00
-1.61% BDT 305.80
-0.91% BDT 305.50
-0.45% BDT 303.70
0.23% BDT 304.40
0.00% BDT 307.00
0.00% BDT 307.00
4.51% BDT 307.60
0.96% BDT 305.10
1.46% BDT 312.90
0.24% BDT 314.00
BDT 320.00
#DIV/0! BDT 347.71
6.50% BDT 356.30
ACI Daily Return Sonargaon Adjusted Closing Price
1.19% BDT 16.80
1.76% BDT 17.00
-2.13% BDT 16.80
-1.07% BDT 16.90
-1.68% BDT 16.90
-1.46% BDT 16.90
-1.50% BDT 17.00
2.92% BDT 16.90
2.32% BDT 16.70
-11.44% BDT 17.40
0.00% BDT 18.20
1.97% BDT 18.50
-0.57% BDT 18.70
2.38% BDT 18.50
2.83% BDT 18.50
-0.82% BDT 18.60
3.63% BDT 18.60
-0.10% BDT 18.30
-0.16% BDT 18.30
-1.00% BDT 18.20
0.23% BDT 18.40
-1.06% BDT 18.80
-1.64% BDT 19.40
-0.28% BDT 19.50
0.63% BDT 20.20
0.28% BDT 18.40
0.32% BDT 18.80
3.08% BDT 19.10
-1.52% BDT 18.50
-1.34% BDT 19.80
0.58% BDT 21.30
-0.29% BDT 20.40
-1.57% BDT 18.80
-2.51% BDT 19.90
0.09% BDT 20.80
-4.51% BDT 20.80
-1.44% BDT 21.40
5.06% BDT 21.60
3.03% BDT 22.10
0.95% BDT 21.90
 3.42% BDT 21.40
-1.10% BDT 22.30
-0.64% BDT 22.80
3.86% BDT 23.40
0.23% BDT 23.40
-0.53% BDT 23.50
-0.43% BDT 23.60
0.46% BDT 23.70
-0.86% BDT 24.20
-0.59% BDT 24.50
0.10% BDT 25.10
0.59% BDT 24.80
-0.23% BDT 24.70
-0.85% BDT 24.50
0.00% BDT 24.50
-0.20% BDT 24.50
0.82% BDT 24.80
-2.49% BDT 24.90
-0.35% BDT 25.50
-1.88% BDT 24.90
BDT 26.30
#DIV/0! BDT 3,440.16
2.47% BDT 3,327.59
Sonargaon Daily Return DSEX(Broad) Index
-1.18% BDT 6,936.20
1.19% BDT 6,847.00
-0.59% BDT 6,703.25
0.00% BDT 6,795.51
0.00% BDT 6,773.89
-0.59% BDT 6,852.08
0.59% BDT 6,917.91
1.20% BDT 7,013.00
-4.02% BDT 7,022.29
-4.40% BDT 7,085.67
-1.62% BDT 7,091.81
-1.07% BDT 7,060.77
1.08% BDT 7,056.57
0.00% BDT 6,941.36
-0.54% BDT 6,930.07
0.00% BDT 6,995.92
1.64% BDT 6,982.18
0.00% BDT 6,868.08
0.55% BDT 6,799.64
-1.09% BDT 6,855.87
-2.13% BDT 6,906.71
-3.09% BDT 6,898.27
-0.51% BDT 6,954.35
-3.47% BDT 6,998.03
9.78% BDT 7,000.94
-2.13% BDT 7,062.35
-1.57% BDT 7,011.88
3.24% BDT 7,005.78
-6.57% BDT 6,885.29
-7.04% BDT 7,005.70
4.41% BDT 7,076.23
8.51% BDT 7,020.61
-5.53% BDT 7,097.27
-4.33% BDT 7,186.46
0.00% BDT 7,243.26
-2.80% BDT 7,248.44
-0.93% BDT 7,313.98
-2.26% BDT 7,345.57
0.91% BDT 7,367.99
2.34% BDT 7,342.96
-4.04% BDT 7,351.04
-2.19% BDT 7,331.39
-2.56% BDT 7,327.54
0.00% BDT 7,356.04
-0.43% BDT 7,329.03
-0.42% BDT 7,302.85
-0.42% BDT 7,297.24
-2.07% BDT 7,251.71
-1.22% BDT 7,237.14
-2.39% BDT 7,250.60
1.21% BDT 7,241.84
0.40% BDT 7,258.57
0.82% BDT 7,205.82
0.00% BDT 7,191.80
0.00% BDT 7,228.31
-1.21% BDT 7,196.55
-0.40% BDT 7,140.50
-2.35% BDT 7,218.05
2.41% BDT 7,202.09
-5.32% BDT 7,258.74
BDT 7,196.32
#DIV/0! BDT 45,037.96
-3.27%
Overall Market Daily Return
1.30%
2.14%
-1.36%
0.32%
-1.14%
-0.95%
-1.36%
-0.13%
-0.89%
-0.09%
0.44%
0.06%
1.66%
0.16%
-0.94%
0.20%
1.66%
1.01%
-0.82%
-0.74%
0.12%
-0.81%
-0.62%
-0.04%
-0.87%
0.72%
0.09%
1.75%
-1.72%
-1.00%
0.79%
-1.08%
-1.24%
-0.78%
-0.07%
-0.90%
-0.43%
-0.30%
0.34%
-0.11%
 0.27%
0.05%
-0.39%
0.37%
0.36%
0.08%
0.63%
0.20%
-0.19%
0.12%
-0.23%
0.73%
0.19%
-0.51%
0.44%
0.78%
-1.07%
0.22%
-0.78%
0.87%
#DIV/0!
 Company-wise Analysi
Item Beximco Pharma Aids
Average Monthly Return 0.65% -0.29%
Monthly Variance 0.08% 0.13%
Average Annual Return 7.79% -3.49%
Annual Variance 1.01% 1.57%
Annual Standard Deviation 10.04% 12.53%
Covariance(Stock,Overall Market) 8.90048429579663E-05 6.29449770707824E-05
Correlation(Stock,Overall Market) 0.030761332055136 0.017424107774497
Beta 1.2852648101134 0.908950134777248

Portfolio Variance-Covariance Matrix

Beximco Pharma Aids
Beximco 0.010074296617575 0.000883459087663
Pharma Aids 0.000883459087663 0.015704307651774
LankaBangla 0.001241052605104 0.002131076495655
ACI 0.000628766009753 0.002230221033024
Sonargaon -0.000357833098196 0.00173002900837
 Company-wise Analysis
LankaBangla ACI Sonargaon
0.02% -0.09% -0.70%
0.05% 0.05% 0.08%
0.23% -1.09% -8.44%
0.56% 0.64% 0.99%
7.45% 8.02% 9.97%
0.000112115250908 5.82250391484822E-05 3.96276661427273E-05
0.052190163873298 0.025192520111488 0.013782590737929
1.61898815704339 0.840792381605131 0.572239027759678

ance-Covariance Matrix
LankaBangla ACI Sonargaon
0.001241052605104 0.000628766009753 -0.000357833098196
0.002131076495655 0.002230221033024 0.00173002900837
0.005553282897113 0.001166403541293 0.002095065032003
0.001166403541293 0.006427973581852 0.002369647192756
0.002095065032003 0.002369647192756 0.009947936465436
Overall Market
-0.06%
0.01%
-0.69%
0.08%
2.88%
 Equally Weighted Portfolio
Company Return
Beximco 7.79%
Pharma Aids -3.49%
Lanka Bangla 0.23%
ACI -1.09%
Sonargaon -8.44%
Sum -
Expected Return -1.00%
Standard Deviation 5.51%
Portfolio Beta 1.0452469022597
Sharpe Ratio -0.90744977127336
Jensen's Measure 0.03905546515197
Treynor Ratio -0.04784969891582
ghted Portfolio
Beta Weights
1.2852648101134 20.00% Risk-Free Rate 4.00%
0.90895013477725 20.00%
1.61898815704339 20.00%
0.84079238160513 20.00%
0.57223902775968 20.00%
100.00%
-1.00%
5.51%
1.04524690225977
-0.907449771273365
0.039055465151972
-0.047849698915829
 Optimal Risky Portfolio
Company Return
Beximco 7.79%
Pharma Aids -3.49%
Lanka Bangla 0.23%
ACI -1.09%
Sonargaon -8.44%
Sum -
Expected Return 7.79%
Standard Deviation 10.04%
Portfolio Beta 1.285264821479
Sharpe Ratio 0.377513601459
Jensen's Measure 0.138229449150
Treynor Ratio 0.029481349092
isky Portfolio
Beta Weights
1.2852648101134 100.00% Risk-Free Rate 4.00%
0.90895013477725 0.00%
1.61898815704339 0.00%
0.84079238160513 0.00%
0.57223902775968 0.00%
100.00%
7.79%
10.04%
1.28526482147947
0.377513601459046
0.138229449150499
0.02948134909283
 BEXIMCO
Free Cash Flow
Year 2021
Profit After Tax 486,000,000
Depreciation 1,416,000,000
Increase in current asset -16,000,000
Increase in current liabilites 7,600,000
Increase in fixed asset at cost -192,230,000
After Tax Interest on debt 9,800,000
After Tax Interest on cash and mkt securities -183,723,000
Free Cash Flow 1,527,447,000
 Intrisic Value Calculation
Inputs
Cash And Cash Equivalents 3,938,000,000
Total debt 2,792,000,000
Free cash flow 1,527,447,000
Shares outstanding 210,000,000
Growth rate 3.674
Margin of Safety 3.27
Conservative growth rate 2.177
Growth decline rate 0.38
Discount rate 0.49
Valuation last FCF 1,229,000,000

FCF*Growth Rate 4852699119

NPV FCF 3256845046.30872
Cash on hand 3938000000
Total Debt 2792000000
Company Value 9255544165.30873
Total No. of Outstanding
Securities 876,318,879
Intrinsic Value BDT 10.56
alue Calculation