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BT Group plc (BT.A) AI Stock Analysis
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BT Group plc
(LSE:BT.A)
Overall score reflects a stable but not high-momentum fundamental backdrop: strong cash generation and EBITDA strength are tempered by elevated leverage and limited recent revenue growth. Technicals are supportive (price above major moving averages with positive MACD), valuation is reasonable with a solid dividend yield, and the latest earnings call was constructive on guidance and medium-term free-cash-flow improvement despite notable near-term headwinds.
BT Group plc (BT.A) vs. iShares MSCI United Kingdom ETF (EWC)
- Market Cap
- GBP 22.14B
- Dividend Yield
- 3.66%
- Average Volume (3M)
- 15.54M
- Price to Earnings (P/E)
- 13.8
- Beta (1Y)
- 0.65
- Revenue Growth
- -3.55%
- EPS Growth
- 2.13%
- Country
- UK
- Employees
- 77,200
- Sector
- Communication Services
- Sector Strength
- 60
- Industry
- Telecommunications Services
BT Group plc Business Overview & Revenue Model
Company Description
Headquartered in London, UK, BT Group plc is a global telecommunications leader, operating across the United Kingdom, Europe, the Middle East, Africa, the Americas, and Asia Pacific. Established in 2001 (initially as Newgate Telecommunications Limite...
How the Company Makes Money
BT Group makes money primarily by selling connectivity and related services under recurring subscription and usage-based models across consumer, business, and wholesale channels. Key revenue streams include: (1) Consumer services: monthly fees for fi...
BT Group plc Earnings Call Summary
The call presented strong operational and strategic progress: record Openreach build and connections, clear transformation delivery ahead of plan, improved customer satisfaction and a credible path to higher normalized free cash flow (GBP 2bn in FY27 and GBP 3bn by FY30). At the same time the group faces near-term revenue and legacy headwinds (equipment decline, PSTN-related voice drag, International pressures), modest margin impacts in Consumer and Business, and some pension and working-capital sensitivities. Management reconfirmed guidance, increased the dividend modestly and extended transformation to provide additional confidence in medium-term targets.
Q4-2026 Updates
Positive Updates
Negative Updates
Company Guidance
The Group reiterated clear near‑ and medium‑term guidance: for FY‑27 total revenue of about £19.0–19.5bn, U.K. service revenue £15.1–15.4bn, adjusted EBITDA £8.2–8.3bn, accounting CapEx ~£4.3bn and normalized free cash flow of £2.0bn (up from £1.5bn in FY‑26), with a path to £3.0bn normalized FCF by FY‑30. Management extended the transformation to deliver £3.7bn gross savings (cost to achieve £1.4bn) within a FY‑25–FY‑30 window (remaining £2.2bn of savings, ~¾ in FY‑27/28), expects total labor (incl. subcontractors) to fall to 75–80k by FY‑30, and plans restructuring costs of ~£200m p.a. in the next two years (then ~£100m). Openreach targets 25m premises passed by year‑end (build cost ~£300/home), >50% of broadband customers on full fiber this year, line losses ~800k, and reiterated dividend growth of low‑to‑mid single digits per annum until BBB+ metrics are reached.
BT Group plc Financial Statement Overview
Summary
Mid-range financial profile: operating profitability and operating cash flow are solid, but revenue has been flat-to-down recently and net income has been volatile. Balance-sheet leverage is elevated (debt well above equity), which limits flexibility and caps the score despite positive (but inconsistent) returns on equity.
Income Statement
56NeutralBalance Sheet
48NeutralCash Flow
60Neutral| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 29.47B | 19.65B | 20.36B | 20.80B | 20.68B | 20.85B |
| Gross Profit | 8.42B | 14.57B | 14.99B | 9.71B | 15.17B | 13.78B |
| EBITDA | 12.25B | 7.52B | 7.27B | 7.94B | 7.47B | 7.23B |
| Net Income | 1.62B | 1.08B | 1.05B | 855.00M | 1.91B | 1.27B |
Balance Sheet | ||||||
| Total Assets | 49.98B | 49.98B | 50.98B | 51.74B | 52.75B | 49.77B |
| Cash, Cash Equivalents and Short-Term Investments | 1.72B | 1.72B | 2.81B | 2.31B | 3.94B | 3.46B |
| Total Debt | 22.72B | 22.72B | 23.33B | 23.48B | 23.88B | 21.95B |
| Total Liabilities | 37.41B | 37.41B | 38.07B | 39.22B | 38.24B | 34.48B |
| Stockholders Equity | 12.56B | 12.56B | 12.91B | 12.52B | 14.51B | 15.30B |
Cash Flow | ||||||
| Free Cash Flow | 1.87B | 1.86B | 2.05B | 984.00M | 1.42B | 1.30B |
| Operating Cash Flow | 9.63B | 7.03B | 6.99B | 5.95B | 6.72B | 5.91B |
| Investing Cash Flow | -5.77B | -3.77B | -5.01B | -3.54B | -6.40B | -3.56B |
| Financing Cash Flow | -3.63B | -3.11B | -2.11B | -2.43B | -636.00M | -2.56B |
BT Group plc Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:BT.A, the sentiment is Positive. The current price of 227.30 is above the 20-day moving average (MA) of 205.71, above the 50-day MA of 202.40, and above the 200-day MA of 200.75, indicating a bullish trend. The MACD of 5.16 indicates Negative momentum. The RSI at 76.09 is Negative, neither overbought nor oversold. The STOCH value of 85.32 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:BT.A.
BT Group plc Peers Comparison
Overall Rating
GB:GAMA85Outperform
GB:AAF65Neutral
GB:VOD62Neutral- GB:BT.A61Neutral
GB:HTWS57Neutral
GB:ZEG54Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| GB:GAMA | 85Outperform | GBP 974.99M | 14.37 | 18.45% | 2.03% | 7.45% | 8.37% |
| GB:AAF | 65Neutral | GBP 9.37B | 17.72 | 23.91% | 2.06% | 27.10% | 49.66% |
| GB:VOD | 62Neutral | GBP 27.59B | -72.56 | -0.79% | 3.34% | 11.08% | 87.73% |
| GB:BT.A | 61Neutral | GBP 22.14B | 13.80 | 12.84% | 3.66% | -3.55% | 2.13% |
| Sector * | 60Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% |
| GB:HTWS | 57Neutral | GBP 2.10B | 107.52 | 73.63% | <0.01% | 5.99% | -67.74% |
| GB:ZEG | 54Neutral | GBP 3.96B | -70.65 | -23.48% | ― | ― | ― |
* Communication Services Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| GB:BT.A | Bt Group Plc (Bt.A) | 227.30 | 52.00 | 29.66% | |
| GB:GAMA | Gamma Communications | 1092.00 | 123.92 | 12.80% | |
| GB:VOD | Vodafone Group plc | 119.10 | 35.17 | 41.90% | |
| GB:ZEG | Zegona Communications | 1766.00 | 665.15 | 60.42% | |
| GB:AAF | Airtel Africa Plc | 259.00 | -29.12 | -10.11% | |
| GB:HTWS | Helios Towers Plc | 204.00 | 53.27 | 35.34% |
BT Group plc Corporate Events
BT Group Discloses New External Board Role for Director Rima Qureshi
NeutralBT Group plc has disclosed that independent non-executive director Rima Qureshi has joined the board of Northern Trust Corporation effective 20 October 2026. The move adds another external board commitment to a member of BT’s oversight team, re...
BT Group rescues TalkTalk and PlatformX in £400m deal to safeguard UK connectivity
PositiveBT Group has acquired TalkTalk Telecommunications and PlatformX Communications out of administration on a debt-free basis, securing continuity of service for 2.5 million retail and wholesale customers. The move, framed as protecting vulnerable househ...
BT Group Updates Total Voting Rights and Share Capital Structure
NeutralBT Group plc reported that as of 30 September 2026 its issued capital comprised 9,968,127,681 ordinary shares, of which 487,815 were held in treasury and therefore excluded from voting rights. This leaves a total of 9,967,639,866 voting shares, defin...
BT Group Executives Reinvest Dividends in Additional Shares
NeutralBT Group plc has disclosed a series of share transactions by senior executives, in line with EU Market Abuse Regulation reporting requirements. The notifications cover ordinary shares of 5p each in the company, all acquired through dividend reinvestm...
BT Group updates total voting rights for August 2026
NeutralBT Group has disclosed its total voting rights for the end of August 2026, reporting a capital base of 9,968,127,681 ordinary shares, of which 487,815 are held in treasury without voting rights. This leaves 9,967,639,866 voting shares in issue, a fig...
BT Group Updates Market on Total Voting Rights at July Month-End
NeutralBT Group plc reported that as of 31 July 2026 its issued share capital comprised 9,968,127,681 ordinary shares, of which 487,815 were held in treasury, resulting in 9,967,639,866 voting rights in the company. The disclosure provides investors with th...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Sep 15, 2026