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BTS: New Consulting Subsidiary Will Support Stronger Future Earnings Profile

Bangkok Urban Transit Expansion Will Create Opportunities Despite Margin Risks

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BTS
AnalystConsensusTarget
Not Invested
Published 02 Aug 2025

Update shared on 11 Dec 2025

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AnalystConsensusTarget's Fair Value
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1Y
-57.3%
7D
0.8%

Analysts have lifted their price target on BTS Group Holdings from THB 4.79 to THB 4.79. This modest upward revision is grounded in expectations for a swing from slightly negative to positive revenue growth, marginally stronger profit margins, and a somewhat more favorable future earnings multiple despite a slightly higher discount rate.

What's in the News

  • BTS Group Holdings has incorporated a new wholly owned subsidiary, Owl Club Company Limited, to operate a management consulting business, signaling a move to broaden its service offerings (company filing).
  • Owl Club Company Limited is established with registered capital of THB 20,000,000, divided into 200,000 ordinary shares at a par value of THB 100 per share, fully funded from BTS Group Holdings working capital (company filing).
  • The transaction to establish Owl Club Company Limited is classified as a non connected transaction under the Notification of the Capital Market Supervisory Board No. TorJor, indicating no related party concerns for minority shareholders (company filing).

Valuation Changes

  • Fair Value: Unchanged at THB 4.79 per share. This indicates a stable central valuation despite shifts in underlying assumptions.
  • Discount Rate: Risen slightly from 9.64 percent to 9.67 percent. This reflects a marginally higher required return on equity.
  • Revenue Growth: Improved significantly from an expected contraction of about 2.25 percent to projected growth of about 4.07 percent. This signals a more optimistic top line outlook.
  • Net Profit Margin: Edged up slightly from approximately 0.87 percent to about 0.87 percent. This implies a modest enhancement in profitability expectations.
  • Future P/E: Fallen modestly from around 479.8x to about 457.4x. This suggests a slightly less aggressive earnings multiple underpinning the valuation.

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Disclaimer

AnalystConsensusTarget is a tool utilizing a Large Language Model (LLM) that ingests data on consensus price targets, forecasted revenue and earnings figures, as well as the transcripts of earnings calls to produce qualitative analysis. The narratives produced by AnalystConsensusTarget are general in nature and are based solely on analyst data and publicly-available material published by the respective companies. These scenarios are not indicative of the company's future performance and are exploratory in nature. Simply Wall St has no position in the company(s) mentioned. Simply Wall St may provide the securities issuer or related entities with website advertising services for a fee, on an arm's length basis. These relationships have no impact on the way we conduct our business, the content we host, or how our content is served to users. The price targets and estimates used are consensus data, and do not constitute a recommendation to buy or sell any stock, and they do not take account of your objectives, or your financial situation. Note that AnalystConsensusTarget's analysis may not factor in the latest price-sensitive company announcements or qualitative material.