Equity Valuation using Dividend Discount Model

Particular SQUARE RENATA BEXIMCO

Risk Free rate (RF)
( BB-364 days T Bill Yield .) 3% 3% 3%
BETA( Calculated) 1.305892 0.336112 -0.00092
Market Premium( RM-RF) 0.11% 0.11% 0.11%
Required Rate of Return (CAPM) 3.14% 3.04% 3.00%
Pay Out Ratio 25% 20% 92%
Retention Ratio 75% 80% 8%
ROE 2% 1.90% 1.00%
CGR 1.28% 1.52% 0.08%
EPS 15.83 46.62 0.53
Dividend ( EPS* Pay Out Ratio) 3.96 9.32 0.49
Value - (d0/r-g) 212.4512 615.2579 16.69919
Data sources.1 dsebd.org 2.annual report 3.bb.org.bd
 Equity Valuation using Comparable Company
Analysis
Comparibale Company Data Relative Value Messure for Comparative Firm
Particular SQUARE BEXIMCO SQUARE BEXIMCO Mean
Current Stock Price 226.00 198.70
P/E 14.29 374.91 194.60
Earning Per share 15.82 0.53
Book Value Per Share 91.57 144.39 P/B 2.47 1.38 1.92
Sales Per Share 54.00 47.00 P/S 4.19 4.23 4.21

Relative Mean Realtive Estimaed Value

Particular Renata
Value Value per comparbles
Earning Per share 46.62 P/E 194.60 9,072.05
Book Value Per Share 243.14 P/B 1.92 467.34
Sales Per Share 272.79 P/S 4.21 1,147.48
Mean Estimated Stock Value 3562.29