Berli Jucker Public Company Limited

SET:BJC Stock Report

Market Cap: ฿99.8b

Berli Jucker Valuation

Is BJC undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of BJC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BJC (THB24.9) is trading below our estimate of fair value (THB40.86)

Significantly Below Fair Value: BJC is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for BJC?

Other financial metrics that can be useful for relative valuation.

BJC key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.7x
Enterprise Value/EBITDA13.6x
PEG Ratio1.9x

Price to Earnings Ratio vs Peers

How does BJC's PE Ratio compare to its peers?

The above table shows the PE ratio for BJC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average21.4x
CPAXT CP Axtra
34.4x15.9%฿331.1b
CPALL CP ALL
26.1x11.4%฿574.9b
SORIANA B Organización Soriana S. A. B. de C. V
11.8x3.2%Mex$54.7b
INRETC1 InRetail Perú
13.2x15.2%US$3.2b
BJC Berli Jucker
25x13.0%฿99.8b

Price-To-Earnings vs Peers: BJC is good value based on its Price-To-Earnings Ratio (25x) compared to the peer average (30.6x).


Price to Earnings Ratio vs Industry

How does BJC's PE Ratio compare vs other companies in the Asian Consumer Retailing Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a18.1%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a18.1%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: BJC is expensive based on its Price-To-Earnings Ratio (25x) compared to the Asian Consumer Retailing industry average (16.8x).


Price to Earnings Ratio vs Fair Ratio

What is BJC's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BJC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio25x
Fair PE Ratio26.4x

Price-To-Earnings vs Fair Ratio: BJC is good value based on its Price-To-Earnings Ratio (25x) compared to the estimated Fair Price-To-Earnings Ratio (26.4x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst BJC forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current฿24.90
฿26.65
+7.0%
11.9%฿32.00฿22.00n/a16
Sep ’25฿22.50
฿27.34
+21.5%
15.4%฿38.00฿22.00n/a16
Aug ’25฿20.90
฿27.87
+33.3%
16.8%฿38.00฿22.00n/a16
Jul ’25฿20.60
฿28.88
+40.2%
16.6%฿38.00฿22.00n/a16
Jun ’25฿22.20
฿29.26
+31.8%
17.2%฿38.00฿22.00n/a16
May ’25฿24.50
฿31.82
+29.9%
18.4%฿45.00฿22.00n/a16
Apr ’25฿24.70
฿32.82
+32.9%
15.1%฿45.00฿23.40n/a16
Mar ’25฿24.00
฿33.45
+39.4%
14.3%฿45.00฿25.00n/a16
Feb ’25฿23.90
฿33.74
+41.2%
13.0%฿45.00฿27.40n/a16
Jan ’25฿25.00
฿34.73
+38.9%
13.4%฿45.00฿30.00n/a15
Dec ’24฿25.75
฿34.86
+35.4%
13.7%฿45.00฿30.00n/a14
Nov ’24฿28.25
฿39.13
+38.5%
12.3%฿45.00฿30.00n/a14
Oct ’24฿30.75
฿41.00
+33.3%
11.3%฿45.00฿30.00฿25.5015
Sep ’24฿33.75
฿41.67
+23.5%
10.2%฿45.00฿30.00฿22.5015
Aug ’24฿35.00
฿42.02
+20.1%
10.9%฿46.00฿30.00฿20.9014
Jul ’24฿34.75
฿42.77
+23.1%
7.8%฿46.00฿33.00฿20.6012
Jun ’24฿37.00
฿41.45
+12.0%
10.9%฿46.00฿32.00฿22.2014
May ’24฿39.00
฿40.77
+4.5%
10.7%฿46.00฿32.00฿24.5014
Apr ’24฿38.25
฿40.55
+6.0%
10.7%฿46.00฿32.00฿24.7014
Mar ’24฿37.75
฿39.23
+3.9%
12.4%฿46.00฿30.00฿24.0015
Feb ’24฿38.00
฿37.95
-0.1%
11.3%฿44.00฿30.00฿23.9015
Jan ’24฿35.25
฿37.76
+7.1%
11.6%฿44.00฿30.00฿25.0015
Dec ’23฿34.00
฿37.96
+11.6%
11.3%฿44.00฿30.00฿25.7516
Nov ’23฿33.50
฿38.22
+14.1%
11.6%฿44.00฿30.00฿28.2515
Oct ’23฿32.75
฿38.22
+16.7%
11.6%฿44.00฿30.00฿30.7515

Analyst Forecast: Target price is less than 20% higher than the current share price.


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