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BTS Group AB Class B (SE:BTS.B)
:BTS.B
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BTS Group AB
(OTC:BTS.B)
68Neutral
BTS Group AB (BTS.B) vs. S&P 500 (SPY)
Market Cap
kr4.53B
Dividend Yield2.3%
Average Volume (3M)9.50K
Price to Earnings (P/E)11.7
Beta (1Y)0.31
Revenue Growth4.44%
EPS Growth79.56%
CountrySE
Employees1,172
SectorIndustrials
Sector Strength82
IndustryConsulting Services
Share Statistics
EPS (TTM)19.90
Shares Outstanding18,543,018
10 Day Avg. Volume1,869
30 Day Avg. Volume9,504
Financial Highlights & Ratios
PEG Ratio0.15
Price to Book (P/B)N/A
Price to Sales (P/S)0.00
Price to Cash Flow (P/CF)0.00
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
BTS Group AB Business Overview & Revenue Model
Company DescriptionBTS Group AB is a global professional services firm headquartered in Sweden, specializing in strategy implementation through innovative learning and development solutions. The company operates in multiple sectors, including leadership development, sales transformation, and business acumen. BTS Group AB leverages experiential learning, digital technology, and customized programs to help organizations achieve strategic goals by enhancing the capabilities and performance of their employees.
How the Company Makes MoneyBTS Group AB primarily generates revenue through the sale of its consulting services and customized training programs designed to help businesses implement their strategies effectively. The company offers a variety of services including leadership development, sales transformation programs, and business acumen workshops. Key revenue streams include fees for consulting engagements, workshops, and seminars, as well as digital solutions and tools that support learning and development. BTS Group AB also benefits from ongoing partnerships with a diverse range of global clients across various industries, which contribute significantly to its earnings through repeat business and long-term contracts.
BTS Group AB Financial Statement Overview
Summary
BTS Group AB presents a strong financial performance with impressive revenue growth and profitability in the consulting services sector. The balance sheet is stable with low leverage, although increasing debt levels merit monitoring. Cash flows are strong, with significant free cash flow growth, indicating excellent operational cash management. Continued focus on EBIT performance and maintaining low leverage will be essential for sustained financial health.Income Statement
BTS Group AB demonstrates strong revenue growth, with an 8.5% increase from 2023 to 2024, and consistent profitability reflected in a high net profit margin of 13.8% for 2024. The gross profit margin is at 100% due to the absence of COGS, which is typical for consulting services. However, the EBIT margin is at 0% due to zero reported EBIT for 2024, which requires attention.85
Very Positive
Balance Sheet
The company maintains a solid equity position with an equity ratio of 49.5% in 2024. The debt-to-equity ratio remains low at 0.25, indicating conservative leverage. Return on equity is strong at 23.2%, showcasing efficient use of equity. However, the increase in total debt over the years signals potential leverage risk if the trend continues.78
Positive
Cash Flow
BTS Group AB exhibits robust free cash flow, which grew by 207.6% from 2023 to 2024. The operating cash flow to net income ratio is healthy at 1.0, signifying strong cash generation from operations. Free cash flow to net income ratio also stands at 1.0, reflecting excellent cash conversion. Despite this, the volatility in investing cash flows suggests irregular investment activities.82
Very Positive
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 2.80B | 2.68B | 2.53B | 1.92B | 1.46B | Gross Profit |
| 2.80B | 1.18B | 1.13B | 885.16M | 588.47M | EBIT |
| 298.06M | 288.05M | 303.25M | 305.20M | 64.61M | EBITDA |
| 439.04M | 421.92M | 365.87M | 410.04M | 157.05M | Net Income Common Stockholders |
| 386.96M | 214.81M | 198.41M | 214.70M | 35.23M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 703.33M | 532.32M | 577.06M | 594.43M | 591.17M | Total Assets |
| 3.36B | 2.96B | 2.76B | 2.49B | 1.96B | Total Debt |
| 420.95M | 449.51M | 224.86M | 270.58M | 390.38M | Net Debt |
| -282.38M | -82.81M | -352.20M | -323.86M | -200.79M | Total Liabilities |
| 1.70B | 1.66B | 1.54B | 1.51B | 1.25B | Stockholders Equity |
| 1.66B | 1.30B | 1.21B | 983.25M | 709.86M |
| Cash Flow | Free Cash Flow | |||
| 385.95M | 165.65M | 138.82M | 292.70M | 221.68M | Operating Cash Flow |
| 385.95M | 165.65M | 199.01M | 312.05M | 242.11M | Investing Cash Flow |
| -188.47M | -105.37M | -75.91M | -181.89M | -147.65M | Financing Cash Flow |
| -51.31M | -84.41M | -208.28M | -160.64M | 213.03M |
BTS Group AB Technical Analysis
Neutral
233.50
Price Trends
256.14
Negative
264.17
Negative
272.10
Negative
Market Momentum
-4.23
Negative
50.36
Neutral
45.40
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:BTS.B, the sentiment is Neutral. The current price of 233.5 is below the 20-day moving average (MA) of 234.82, below the 50-day MA of 256.14, and below the 200-day MA of 272.10, indicating a neutral trend. The MACD of -4.23 indicates Negative momentum. The RSI at 50.36 is Neutral, neither overbought nor oversold. The STOCH value of 45.40 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SE:BTS.B.
BTS Group AB Peers Comparison
Overall Rating
UnderperformOutperform
Sector (64)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | €4.09B | 18.48 | 11.34% | 2.56% | 8.19% | 10.02% | |
68 Neutral | kr4.53B | 11.72 | 26.21% | 2.30% | 4.44% | 79.56% | |
67 Neutral | kr3.64B | 31.92 | 7.35% | 3.92% | -1.76% | -29.69% | |
66 Neutral | €3.46B | 23.00 | 9.79% | ― | 3.84% | -23.62% | |
64 Neutral | $4.30B | 11.84 | 5.23% | 249.82% | 4.06% | -10.21% |
* Industrials Sector Average
Performance Comparison
SE:BTS.B
BTS Group AB
243.50
-76.22
-23.84%
SE:COOR
Coor Service Management Holding AB
38.16
-8.87
-18.87%
SE:GREEN
Green Landscaping Group AB
64.60
-19.10
-22.82%
SE:REJL.B
Rejlers AB Class B
186.60
38.51
26.01%
BTS Group AB Earnings Call Summary
Earnings Call Date:Feb 26, 2025
(Q3-2024)
| % Change Since: -23.19%|
Next Earnings Date:May 16, 2025
Earnings Call Sentiment Positive
The earnings call presented a mix of positive growth metrics and strategic advancements, particularly in BTS Europe and North America, alongside challenges in certain markets like Southern Europe, and conservative trends in North America. Overall, the highlights slightly outweigh the lowlights.Q3-2024 Updates
Positive Updates
Overall Revenue Growth
Group revenue grew by 8%, with group profit EBITDA up 13%, and margin improvement from 8.4% to 9.2%.
BTS Europe Recovery
BTS Europe saw significant profit improvement, with revenue growth of 5% and EBITDA tripling from 2.9% to 9.2%.
Growth in BTS North America
BTS North America experienced a 6% growth, with margins exceeding last year's margin every quarter so far this year.
Successful SEAC Acquisition
The SEAC acquisition in Thailand contributed to a 16% increase in net sales and 8% growth outside of the acquired revenue.
AI Tools and Bots Expansion
Launch of AI tools and bots with the number of clients using these technologies doubling from 13 to 26-27 from Q2 to Q3.
Stable and Growing Dividends
Average growth of 12% year-over-year CAGR for revenue and average EBITDA growth of 15% per year, with stable dividends since IPO.
Negative Updates
Challenges in Southern Europe
Italy and Spain were affected by project delays and longer deal times, impacting the overall performance in BTS Other markets.
Margin Decline in Other Markets
Margin in BTS Other markets dropped from 11.6% to 10.6% due to the acquisition in Thailand, which had lower margins, and poor performance in Italy and Spain.
Netmind's Underperformance
Netmind in Spain did not meet earn-out targets due to poor performance, rendering them profit neutral for the year.
Conservative Market in North America
A conservative approach in the energy industry and general market conservatism due to election impacts affected growth.
Company Guidance
During the third-quarter earnings call for BTS Group, the company reported an 8% increase in group revenue and a 13% rise in EBITDA, with overall margins improving from 8.4% to 9.2%. BTS Europe saw a significant turnaround, with revenue growing by 5% and EBITDA tripling to 9.2% due to successful project completions and increased client engagements. BTS North America experienced a 6% revenue growth with a slight margin increase to 9%. The SEAC acquisition bolstered BTS Other Markets, leading to a 16% increase in net sales, though margins declined from 11.6% to 10.6% due to lower performance in Italy and Spain. The company highlighted the growing importance of its AI tools and bots, with the number of clients using these technologies doubling from Q2 to Q3. Looking ahead, BTS Group maintains its guidance, expecting EBITDA results to surpass those of 2023, while focusing on increasing organic growth and potential larger acquisitions to achieve their 20% annual growth target.Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
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.