Rogers Communications stock: fair value
RCIThe fair value of Rogers Communications under our model is $38.46, the price is 15% below.
The fair value is an estimate from our model, not a price target.
Daily figure as of 13 Nov 2026
Valuation signal
Fairly valuedIn our model the price counts as cheap below $27.47 and expensive above $64.10 (uncertainty high, one part of the fair value is more than twice the other).
The two parts of the fair value come to $58.23 (cash-flow model) and $18.69 (industry comparison), and the gap between them shows how uncertain the estimate is.
Calculated with a cost of equity of 8.3%. At 9.3% the fair value would be $33.69, at 7.3% it would be $45.55.
Where the number comes from
Half from the cash-flow model, half from earnings times the industry P/E (16.3).
Ten-year cash-flow model from smoothed free cash flow and its past growth until it reaches 3.2%. Discounted at 8.3% (government bond yield 3.2% plus beta 1.21 times a risk premium of 4.2%); no analyst estimates were available.
Calculate with your own assumptionsThe calculation step by step
With these figures the cash flow model arrives at $58.23 per share: free cash flow for the next ten years, each year discounted to today at 8.3%, plus the terminal value for the years after. The table explains the calculation; it is not a recommendation.
Calculation as a table
| Year | Free cash flow | Source | Discount factor | Present value (discounted at 8.3%) |
|---|---|---|---|---|
| 2026 | $1.53B | extrapolated at 6.2% | 0.9235 | $1.42B |
| 2027 | $1.61B | extrapolated at 5.3% | 0.8528 | $1.38B |
| 2028 | $1.69B | extrapolated at 4.6% | 0.7875 | $1.33B |
| 2029 | $1.76B | extrapolated at 4.2% | 0.7272 | $1.28B |
| 2030 | $1.83B | extrapolated at 3.9% | 0.6716 | $1.23B |
| 2031 | $1.89B | extrapolated at 3.7% | 0.6202 | $1.17B |
| 2032 | $1.96B | extrapolated at 3.5% | 0.5727 | $1.12B |
| 2033 | $2.03B | extrapolated at 3.4% | 0.5289 | $1.07B |
| 2034 | $2.09B | extrapolated at 3.3% | 0.4884 | $1.02B |
| 2035 | $2.16B | extrapolated at 3.3% | 0.4510 | $974.95M |
| Step | Value |
|---|---|
| Sum of present values (ten years) | $11.99B |
| Terminal value: cash flow 2035 × (1 + 3.2%) / (8.3% − 3.2%) | $43.39B |
| Present value of terminal value (× 0.4510) | $19.57B |
| Equity value (sum plus present value of terminal value) | $31.56B |
| Shares (diluted) | 542.00M |
| Value per share (equity value divided by shares) | $58.23 |
| Earnings per share, last twelve months | $1.14 |
| × 16.3 (industry P/E) | $18.69 |
| Fair value (average of both parts) | $38.46 |
The model uses free cash flow after interest, which belongs to shareholders, discounted at the cost of equity. Net debt is therefore not deducted again.
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = CA$1.4249)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 20 Mar 2026)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.