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Bangkok Lab And Cosmetic Public Company (BLC) Fair Value & Analysis

Consumer Defensive · TH · Market cap 2.4B THB

BL Bangkok Lab And Cosmetic Public Company BLC · BK
Price4.20 THB
Fair Value5.07 THB
Upside+20.7%
Quality47/100
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Expensive Growth
Thin margins · 8.9% net margin
Low debt · negative free cash flow
6.16% dividend yield
Ranks above peers (10/13)
Moderate moat 45/100
Evidence: High Range 3.55 THB – 6.59 THB Share as image

Fair value as of: Jul 16, 2026

From 16 valuation models · updated 25 days ago

Share price +5.5% over the past month.

Below-average quality, screening 21% undervalued on our models.

What matters now

  • Solid quality (47/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (3.55 THB to 6.59 THB) leaves room in how you read the outcome.
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Price vs Fair Value (3 years)

6.79 THB 3.19 THB Fair Value 5.07 THB Jun 2023 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

38‑month range 3.19 THB – 6.79 THB · fair‑value band 3.55 THB – 6.59 THB · the 4.20 THB price screens below the 5.07 THB fair value. Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

Bangkok Lab And Cosmetic Public Company (BLC) currently trades at 4.20 THB, while our model-based Fair Value estimate is 5.07 THB, implying the stock looks roughly 20.7% undervalued today. The Quality Score stands at 47/100 (below-average quality), in the Consumer Defensive sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Bangkok Lab And Cosmetic Public Company generated revenue of 1.7B THB at a net margin of 8.9%. Revenue declined 5.4% year over year. It earns a return on equity of 8.7%. Net debt stands at 57.5M THB. Fundamentals as of Jul 16, 2026

Our scenario range runs from 3.55 THB (bear case) to 6.59 THB (bull case); at 4.20 THB, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 13% below its 52-week high and 21% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -26% fair-value upside, at 21%, BLC screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income 2.43 THB 2.70 THB 3.85 THB 76
ROIC Compounder 2.98 THB 3.85 THB 5.04 THB 72
Gordon GGM 1.67 THB 3.32 THB 5.03 THB 70
All 16 models by family
Earnings-Based
Graham-Dodd 1.96 THB 8.22 THB 11.22 THB 54
Lynch FV 2.09 THB 2.98 THB 3.87 THB 50
PEG = 1.0 2.09 THB 2.98 THB 3.87 THB 46
EPV 2.92 THB 3.35 THB 3.72 THB 59
Dividend Discount
Gordon GGM 1.67 THB 3.32 THB 5.03 THB 70
DDM Multi-Stage 1.67 THB 2.87 THB 3.51 THB 61
Multiples
P/E Multiple 4.54 THB 6.06 THB 7.57 THB 63
P/S Multiple 3.33 THB 4.45 THB 5.56 THB 58
P/B Multiple 3.68 THB 4.90 THB 6.13 THB 55
EV/EBIT 5.04 THB 6.66 THB 8.28 THB 53
EV/EBITDA 4.88 THB 6.45 THB 8.02 THB 54
EV/Revenue 3.10 THB 4.35 THB 5.60 THB 43
Asset-Based
NCAV (Graham) 1.38 THB 1.85 THB 2.76 THB 50
Economic Profit
Residual Income 2.43 THB 2.70 THB 3.85 THB 76
ROIC Compounder 2.98 THB 3.85 THB 5.04 THB 72
Growth Earnings
Growth-Adj P/E 3.55 THB 5.07 THB 6.59 THB 68

Widest divergence: Growth Earnings (5.07 THB) versus Asset-Based (1.85 THB). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 1.7B THB
Revenue growth (YoY) -5.4%
Net margin 8.9%
Return on equity 8.7%
Free cash flow −546M THB FY2025
P/E ratio 16.3
More key figures
Operating margin 9.7%
EPS (TTM) 0.2500 THB
Dividend yield 6.2%
EPS growth (YoY) -47.5%
Net debt 57.5M THB FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 47/100

Of which business quality 50 · Market factors (momentum, volatility) 55

Profitability 54
Margins and returns on capital today
Quality Growth 54
Are margins and returns improving?
Cashflow 14
Earnings quality: real cash, not paper profit
Fin. Strength 82
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 93
Calm price path (market factor)
Momentum 40
Price trend over the last 3–12 months (market factor)
52W Momentum 38
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Bangkok Lab And Cosmetic Public Company Limited manufactures and distributes pharmaceuticals and medicinal chemical products for humans and animals in Thailand, Laos, Cambodia, Hongkong, Vietnam, and internationally.

Full company description

Bangkok Lab And Cosmetic Public Company Limited manufactures and distributes pharmaceuticals and medicinal chemical products for humans and animals in Thailand, Laos, Cambodia, Hongkong, Vietnam, and internationally. It distributes food supplements, cosmeceuticals, cosmetic, and pharmaceutical products; medicine, medical supplies, tonics, and supplements for animals; and supplementary food and herbs. The company also engages in provision of management consulting and logistic services; export and distribution of cosmeceuticals; wholesale and retail of modern medicines, dietary supplements, medical cosmetics, cosmetics, home remedies, herbal products, and medical devices; and the operation of direct marketing business. Bangkok Lab And Cosmetic Public Company Limited was founded in 1992 and is based in Ratchaburi, Thailand.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Bangkok Lab And Cosmetic Public Company reported revenue of 1.7B THB in FY2025 versus 1.1B THB in FY2021, a compound +11.3%/yr. Reported net income was 173M THB in FY2025, compounding +35.3%/yr from FY2021.

Growth Quality 44/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
1.7B THB
Latest YoY
+7.1%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+10.4%
Revenue +11.3%/yr
FY21 1.1B THB
FY22 1.2B THB
FY23 1.4B THB
FY24 1.6B THB
FY25 1.7B THB
Net income +35.3%/yr
FY21 51.6M THB
FY22 126M THB
FY23 145M THB
FY24 171M THB
FY25 173M THB

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Cite: Fair Value Calculator (2026). "Bangkok Lab And Cosmetic Public Company Fair Value". https://www.fairvalue-calculator.com/stock/BLC

Peer Group

Household & Personal Products · 244 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 47 · Below median
Fair Value upside +21% · Above median
Return on equity (TTM) 9% · Above median
Return on assets 5% · Above median
Net margin (TTM) 9% · Above median
Operating margin (TTM) 10% · Above median
Revenue growth -5% · Below median
Dividend yield (TTM) 6.2% · Top 25%
Debt / equity 0.01× · Lower than median

Valuation Multiples vs Household & Personal Products median · lower = cheaper

P/E (TTM) 16.3× · Cheaper than median
P/B 1.48× · Cheaper than median
P/S (TTM) 1.48× · Pricier than median
EV/EBITDA 9.7× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 61 · sector 28
FUTURE 0 · sector 4
PAST 35 · sector 26
HEALTH 100 · sector 98
DIVIDEND 100 · sector 50

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Household & Personal Products stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
The Procter & Gamble Company PG $146.80 $108.16 -26%
Unilever PLC ULN 1,080 MXN 1,273 MXN +18%
Hindustan Unilever Limited HINDUNILVR ₹2,144 ₹1,000 -53%
Essity AB ESSITYA kr 279.00 kr 250.02 -10%
Godrej Consumer Products Limited GODREJCP ₹1,088 ₹367.64 -66%
Marico Limited MARICO ₹846.75 ₹233.05 -72%
APR Co 278470 375,000 KRW 151,222 KRW -60%
Dabur India Limited DABUR ₹429.45 ₹181.60 -58%
Kimberly-Clark de México, S. A. B. de C. V., KIMBERA 38.07 MXN 50.09 MXN +32%
PT Unilever Indonesia Tbk UNVR 1,730 IDR 1,934 IDR +12%

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Frequently asked questions

Is Bangkok Lab And Cosmetic Public Company (BLC) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 5.07 THB versus a price of 4.20 THB, about +21% (undervalued).
What is the fair value of BLC?
Our model-based fair value for Bangkok Lab And Cosmetic Public Company is 5.07 THB (as of Jul 16, 2026), built from audited fundamentals. The current price is 4.20 THB.
What is the quality score of BLC?
Bangkok Lab And Cosmetic Public Company has a Quality Score of 47/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Bangkok Lab And Cosmetic Public Company (BLC)?
Bangkok Lab And Cosmetic Public Company reported trailing-twelve-month revenue of about 1.7B THB (latest available figure, as of Jul 16, 2026).
What is the net profit margin of BLC?
The net profit margin of Bangkok Lab And Cosmetic Public Company is about 8.9%, meaning it keeps roughly 8.9% of revenue as net income. Based on the latest reported figures.
Does Bangkok Lab And Cosmetic Public Company pay a dividend?
Bangkok Lab And Cosmetic Public Company currently shows a dividend yield of about 6.25% relative to its recent price (as of Jul 16, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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