Berli Jucker Public Company Limited

SET:BJC Stock Report

Market Cap: ฿95.8b

Berli Jucker Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • 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 (THB23.2) is trading below our estimate of fair value (THB45.16)

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?

Key metric: As BJC is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for BJC. This is calculated by dividing BJC's market cap by their current earnings.
What is BJC's PE Ratio?
PE Ratio23.3x
Earnings฿3.99b
Market Cap฿95.79b

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 Average20.6x
CPAXT CP Axtra
27.7x14.9%฿273.7b
CPALL CP ALL
21.1x10.9%฿489.6b
SORIANA B Organización Soriana S. A. B. de C. V
13x0.6%Mex$54.5b
PSMT PriceSmart
20.5x9.1%US$2.8b
BJC Berli Jucker
23.3x17.1%฿93.0b

Price-To-Earnings vs Peers: BJC is expensive based on its Price-To-Earnings Ratio (23.3x) compared to the peer average (20.6x).

Price to Earnings Ratio vs Industry

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

7 CompaniesPrice / EarningsEstimated GrowthMarket Cap
BJC 23.3xIndustry Avg. 16.4xNo. of Companies35PE01224364860+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BJC is expensive based on its Price-To-Earnings Ratio (23.3x) compared to the Asian Consumer Retailing industry average (16.4x).

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 Ratio23.3x
Fair PE Ratio28.6x

Price-To-Earnings vs Fair Ratio: BJC is good value based on its Price-To-Earnings Ratio (23.3x) compared to the estimated Fair Price-To-Earnings Ratio (28.5x).

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฿23.20
฿27.75
+19.6%
10.5%฿32.00฿22.00n/a17
Dec ’25฿23.60
฿27.75
+17.6%
9.9%฿31.00฿22.00n/a17
Nov ’25฿23.70
฿27.58
+16.4%
10.6%฿31.00฿22.00n/a17
Oct ’25฿25.50
฿26.65
+4.5%
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฿30.00฿23.6014
Nov ’24฿28.25
฿39.13
+38.5%
12.3%฿45.00฿30.00฿23.7014
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

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/19 13:59
End of Day Share Price 2024/12/19 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Berli Jucker Public Company Limited is covered by 38 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Anuwat SrikajornratkulAsia Plus Securities Company Limited
Yuwanee PrommapornBNP Paribas Securities (Asia)
Nuttapon KanwanphonBualuang Securities PCL