BTS Group Holdings (BTS) Stock Overview
Engages in transportation, marketing, and other businesses in Thailand. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 0/6 |
| Past Performance | 0/6 |
| Financial Health | 2/6 |
| Dividends | 0/6 |
BTS Community Fair Values
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Analyst Price Targets
BTS Group Holdings Public Company Limited Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | ฿2.00 |
| 52 Week High | ฿3.24 |
| 52 Week Low | ฿1.98 |
| Beta | 0.034 |
| 1 Month Change | -4.76% |
| 3 Month Change | -5.66% |
| 1 Year Change | -37.89% |
| 3 Year Change | -72.60% |
| 5 Year Change | -79.27% |
| Change since IPO | -99.50% |
Recent News & Updates
Narrative Update • Aug 20
BTS: Capital Restructuring And Index Exit Will Drive Future Rebound Potential
Analysts have trimmed their price targets on BTS Group Holdings, with fair value estimates moving from THB4.00 to THB3.57 as they factor in updated assumptions for discount rates, revenue growth, profit margins, and future P/E levels. What’s in the News for BTS Group Holdings BTS Group Holdings was dropped from the SET 50 Index, according to an index constituent update.Narrative Update • Jul 21
BTS: Index Exit And Capital Restructuring Will Create A Turnaround Setup
The latest narrative update on BTS Group Holdings reflects a lower analyst price target aligned with revised fair value assumptions of THB 4.0, softer revenue growth and profit margin expectations, and a reduced future P/E, as analysts incorporate slightly lower discount rates and more conservative forecasts into their models. What's in the News BTS Group Holdings Public Company Limited was dropped from the SET 50 Index, according to a recent index constituent update.Recent updates
Narrative Update • Aug 20
BTS: Capital Restructuring And Index Exit Will Drive Future Rebound Potential
Analysts have trimmed their price targets on BTS Group Holdings, with fair value estimates moving from THB4.00 to THB3.57 as they factor in updated assumptions for discount rates, revenue growth, profit margins, and future P/E levels. What’s in the News for BTS Group Holdings BTS Group Holdings was dropped from the SET 50 Index, according to an index constituent update.Narrative Update • Jul 21
BTS: Index Exit And Capital Restructuring Will Create A Turnaround Setup
The latest narrative update on BTS Group Holdings reflects a lower analyst price target aligned with revised fair value assumptions of THB 4.0, softer revenue growth and profit margin expectations, and a reduced future P/E, as analysts incorporate slightly lower discount rates and more conservative forecasts into their models. What's in the News BTS Group Holdings Public Company Limited was dropped from the SET 50 Index, according to a recent index constituent update.
Narrative Update • Jul 07
BTS: Index Removal And Capital Changes Will Pressure Future Returns
Analysts have reset their valuation view on BTS Group Holdings, cutting the implied price target from about THB53.14 (using the prior forward P/E input) to around THB20.64. They cite updated assumptions for fair value, discount rate, revenue growth returning to 1.3% from a previous decline of 6.4%, and a slightly higher profit margin outlook.
Narrative Update • Jun 23
BTS: Rail Expansion Prospects And Steady Margins Will Support Future Upside
Analysts now estimate BTS Group Holdings' fair value at THB2.83 per share, down from the previous THB3.15. This revision reflects updated assumptions on revenue growth, profit margins, discount rate and future P/E levels.Narrative Update • Jun 07
BTS: Rail Project Pipeline And Steady Margins Will Support Future Upside
Analysts have trimmed their price target for BTS Group Holdings from THB3.75 to THB3.15. They pointed to more moderate revenue growth assumptions and a lower future P/E, partly offset by a slightly higher profit margin outlook and a marginally reduced discount rate.Narrative Update • May 18
BTS: Steady Margins And Refined Discount Rate Will Support Upside
Analysts have kept their fair value estimate for BTS Group Holdings steady at THB3.75, with only very small tweaks to the discount rate, revenue growth and future P/E inputs guiding this unchanged price target. Valuation Changes Fair Value: THB3.75 is unchanged, indicating the updated inputs did not move the overall valuation output.Narrative Update • Apr 26
BTS: Steady Margins And Refined Discount Rate Will Support Upside
Analysts have kept their fair value estimate for BTS Group Holdings steady at THB3.75. They highlight that minor tweaks to the discount rate, revenue growth, profit margin and future P/E inputs do not currently translate into a different price target in THB terms.Narrative Update • Apr 11
BTS: Steady Margins And Higher Future P/E Will Support Upside
Analysts have nudged their price target on BTS Group Holdings slightly higher to THB3.75, citing a largely unchanged view on fair value, discount rate, revenue growth, profit margins and future P/E assumptions. Valuation Changes Fair Value: THB3.75 remains unchanged, keeping the analyst view of intrinsic value steady.Narrative Update • Mar 27
BTS: Higher Future P/E And Margins Reset Will Support Upside
Analysts have adjusted their view on BTS Group Holdings, trimming the profit margin assumption and using a higher future P/E of 38.55. This has led to a revised price target around THB3.75, which is broadly in line with the previous THB3.75 level.Narrative Update • Mar 13
BTS: New Food Subsidiary Will Support Future Earnings Upside
Analysts have made only a minor change to their view on BTS Group Holdings, keeping the fair value steady at THB 3.75 while fine tuning inputs such as the discount rate, profit margin assumptions and future P/E expectations, which together support a largely unchanged price target narrative. What's in the News BTS Group Holdings Public Company Limited has incorporated a new subsidiary, Kon Talay Thai Company Limited, effective December 15, 2025.Narrative Update • Feb 26
BTS: New Food Subsidiary Will Support Future Earnings Upside
Analysts have trimmed their price target on BTS Group Holdings to THB3.75, citing updated assumptions around fair value, profit margin, revenue growth, and the adoption of a more conventional forward P/E framework. What's in the News BTS Group Holdings Public Company Limited has set up a new wholly owned subsidiary, Kon Talay Thai Company Limited, to operate in the food and beverage business.Narrative Update • Feb 09
BTS: New Food Venture Will Support Future Earnings And Business Expansion
Analysts have adjusted their price target for BTS Group Holdings to reflect updated assumptions around discount rates, margin expectations, and a very high future P/E multiple. This has resulted in a revised valuation that you may want to compare carefully with your own view on the stock.Narrative Update • Jan 25
BTS: New Subsidiaries Will Support Future Earnings And Business Expansion
Analysts have modestly adjusted their price target on BTS Group Holdings, citing largely unchanged fair value estimates of $4.35 along with only minor tweaks to inputs such as the discount rate, revenue growth, profit margin, and future P/E assumptions. What's in the News BTS Group Holdings Public Company Limited set up Kon Talay Thai Company Limited on December 15, 2025 to engage in the food and beverage business, with registered capital of THB 1,000,000 divided into 10,000 ordinary shares at THB 100 per share (company announcement).Narrative Update • Jan 09
BTS: New Subsidiaries Will Support Future Earnings And Business Expansion
Analysts kept their fair value estimate for BTS Group Holdings broadly unchanged, with only small model tweaks to the discount rate, revenue growth and profit margin, which feed through to a similar implied P/E outlook and leave their price target effectively steady in currency terms. What's in the News BTS Group Holdings incorporated Kon Talay Thai Company Limited on December 15, 2025, to operate in the food and beverage business with registered capital of THB 1,000,000, divided into 10,000 ordinary shares at THB 100 per share.Narrative Update • Dec 25
BTS: New Subsidiaries Will Drive Future Earnings And Business Expansion
Analysts have trimmed their price target on BTS Group Holdings to 4.35, down from 4.79. They cited a slightly higher long term revenue growth outlook, which is offset by modestly lower margin and valuation assumptions.Narrative Update • Dec 11
BTS: New Consulting Subsidiary Will Support Stronger Future Earnings Profile
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.Narrative Update • Nov 27
BTS: Recent Subsidiary Formation Will Drive New Management Consulting Opportunities
Analysts have lowered their price target for BTS Group Holdings from $5.17 to $4.79. They cite a shift to negative revenue growth forecasts and reduced profit margins as key reasons for the revision.Narrative Update • Sep 10
Bangkok Urban Transit Expansion Will Create Opportunities Despite Margin Risks
Despite an improved revenue growth forecast, a sharp decline in net profit margin has led to a downward revision of the consensus analyst price target for BTS Group Holdings from THB5.49 to THB5.17. What's in the News Board meeting held to consider appointment of audit committee.New Narrative • Aug 02
Bangkok Transit Expansion Will Generate Progress Amid Regulatory Challenges
Expansion of transit lines and digital payment services positions BTS to capture higher, more diversified revenues from urbanization and increased mobility.Shareholder Returns
| BTS | TH Transportation | TH Market | |
|---|---|---|---|
| 7D | -1.0% | -1.7% | -1.3% |
| 1Y | -37.9% | -29.7% | 22.1% |
Return vs Industry: BTS underperformed the TH Transportation industry which returned -29.7% over the past year.
Return vs Market: BTS underperformed the TH Market which returned 22.1% over the past year.
Price Volatility
| BTS volatility | |
|---|---|
| BTS Average Weekly Movement | 4.2% |
| Transportation Industry Average Movement | 4.2% |
| Market Average Movement | 4.0% |
| 10% most volatile stocks in TH Market | 9.5% |
| 10% least volatile stocks in TH Market | 2.0% |
Stable Share Price: BTS has not had significant price volatility in the past 3 months compared to the TH market.
Volatility Over Time: BTS's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1968 | n/a | Kavin Kanjanapas | www.btsgroup.co.th |
BTS Group Holdings Public Company Limited engages in transportation, marketing, and other businesses in Thailand. It operates in three segments: Move, Mix, and Match. The Move segment provides mass transportation for rail and others; operates and maintains Bus Rapid Transit and Automated People Mover systems; constructs and installs elevated rails; and train procurement services and other related services.
BTS Group Holdings Public Company Limited Fundamentals Summary
| BTS fundamental statistics | |
|---|---|
| Market cap | ฿32.19b |
| Earnings (TTM) | -฿1.31b |
| Revenue (TTM) | ฿24.05b |
1.3x
P/S Ratio-24.6x
P/E RatioIs BTS overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| BTS income statement (TTM) | |
|---|---|
| Revenue | ฿24.05b |
| Cost of Revenue | ฿15.18b |
| Gross Profit | ฿8.87b |
| Other Expenses | ฿10.18b |
| Earnings | -฿1.31b |
Last Reported Earnings
Jun 30, 2026
Next Earnings Date
Nov 13, 2026
| Earnings per share (EPS) | -0.081 |
| Gross Margin | 36.89% |
| Net Profit Margin | -5.45% |
| Debt/Equity Ratio | 190.2% |
How did BTS perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/19 07:06 |
| End of Day Share Price | 2026/09/18 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2026/03/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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.
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 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 Github.
Analyst Sources
BTS Group Holdings Public Company Limited is covered by 16 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Kawee Manitsupavong | Asia Plus Securities Company Limited |
| Kaseedit Choonnawat | BofA Global Research |
| Suppata Srisuk | Bualuang Securities PCL |