Berli Jucker (BJC) Stock Price, Fundamentals & Analysis

Berli Jucker (BJC) is a diversified conglomerate headquartered in Bangkok, Thailand, listed on the Stock Exchange of Thailand. It operates across packaging, consumer goods, healthcare, technical products, and modern retail supply chains — from glass, aluminum, and plastic packaging to facial tissues, potato chips, pharmaceuticals, logistics, and physical and online stores. It sits in the Industrials sector among Thai conglomerates, alongside names like Siam Cement Group (SCC) and BTS Group Holdings (BTS).

What BJC does

Berli Jucker designs, manufactures, and distributes packaging products, and owns well-known consumer brands such as Cellox tissues, Zilk toilet paper, Tasto potato chips, Dozo rice crackers, Parrot soaps, and Dermapon baby soaps. Beyond consumer goods, it distributes pharmaceutical and healthcare products, medical imaging and equipment, industrial chemicals, engineering systems, galvanized steel structures, and digital printing technology. It also runs logistics services, a wholesale business serving B2B customers, bookstores, coffee shops, and drug stores, and a network of physical and online retail stores. This breadth is typical of a conglomerate — a company holding several unrelated businesses under one roof, which can smooth results when one segment struggles.

Key numbers explained

• Market capitalization of 71.74B THB — the total market value of all shares; this makes BJC a large company on the Thai market.
• P/E ratio of 12.3 (trailing) — investors pay about 12.3 THB per 1 THB of trailing earnings; the forward P/E of 14.8 uses expected earnings instead.
• EPS of 1.46 THB over the trailing 12 months — the profit attributable to each share.
• Dividend yield of 2.96%, with 35% of earnings paid out as dividends; the ex-dividend date is Aug 27, 2026.
• Beta of 0.19 — historically the stock has moved far less than the overall market, suggesting low sensitivity to broad swings.
• 52-week range of 12.8 – 20.5 THB, with the price down -11.4% over the last 52 weeks to the current 17.9 THB.
• Revenue of 157.54B THB with modest 2.6% year-over-year growth; a 3.7% profit margin and 11.8% operating margin show the gap between sales and profit typical of distribution-heavy businesses.
• Price-to-book of 0.61 — the share trades below the accounting value of its net assets; a debt-to-equity ratio of 141.3% indicates substantial leverage.

What to watch

As a conglomerate, BJC's results depend on several distinct cycles: Thai consumer spending for its retail and snack brands, healthcare demand for its pharmaceutical distribution, and industrial activity for packaging and steel products. Its 141.3% debt-to-equity ratio means interest-rate conditions can matter more than for low-debt peers. Margins are thin (3.7% profit margin), so cost inflation or currency shifts can have outsized effects on earnings. The wide gap between trailing and forward P/E (12.3 vs 14.8) suggests the market expects earnings to change; watch how revenue growth (2.6%) and margins evolve. Broader Thai market conditions — visible in peers like Bangkok Expressway and Metro (BEM) and Airports of Thailand (AOT) — also influence how such stocks trade.