BTS Group AB (BTS.B) AI Stock Analysis

• Market Cap: $3.51B
• Dividend Yield: 3.25%
• Average Volume (3M): 28.72K
• Price to Earnings (P/E): 9.8
• Beta (1Y): 0.44
• Revenue Growth: 3.95%
• EPS Growth: 45.94%
• Country: SE
• Employees: 1,172
• Sector: Industrials
• Sector Strength: 83
• Industry: Consulting Services
• EPS (TTM): 2.03
• Shares Outstanding: 18,543,018
• 10 Day Avg. Volume: 40,778
• 30 Day Avg. Volume: 28,724
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 1.45
• Enterprise Value/Revenue: 1.80
• Enterprise Value/Gross Profit: 5.48
• Enterprise Value/Ebitda: 11.71
• 1Y Price Target: $197.65
• Price Target Upside: 8.96% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0

• Rating: 71 Outperform
• Price Target: kr197.00 ▲(8.60% Upside)

BTS Group AB's strong financial performance is a key driver of its stock score, supported by solid revenue growth and a healthy balance sheet. While the valuation is appealing, the technical analysis indicates bearish momentum, necessitating cautious optimism. The absence of earnings call data and corporate events reduces the impact of qualitative insights on the score.

BTS Group AB Business Overview & Revenue Model

Company Description

BTS Group AB (BTS.B) is a global professional services firm that specializes in developing and delivering tailored training and consultancy solutions aimed at enhancing organizational performance. Operating primarily within the fields of strategy execution, leadership development, and sales enablement, BTS provides services across various sectors, including technology, financial services, healthcare, and consumer goods. The company's core offerings include experiential learning programs, simulations, and digital learning solutions designed to engage employees and drive business results.

How the Company Makes Money

BTS Group AB generates revenue primarily through its consulting and training services, which are offered to organizations seeking to improve their strategic execution and employee capabilities. Key revenue streams include customized training programs, workshops, and leadership development initiatives, often delivered through a combination of in-person and digital platforms. The company also benefits from long-term partnerships with multinational corporations, which provide a steady flow of contracts and engagements. Additionally, BTS has developed proprietary simulations and learning tools that can be licensed to clients, creating an additional revenue source. The increasing demand for innovative learning solutions and the expansion of BTS's global footprint contribute significantly to its earnings.

BTS Group AB Financial Statement Overview

Summary

BTS Group AB demonstrates strong financial performance with impressive revenue growth, a high net profit margin, and robust cash flow. The balance sheet is stable with low leverage, though increasing debt levels require attention. The absence of EBIT indicates a need for focus on operational efficiency.

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.

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.

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.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.83B	2.80B	2.68B	2.53B	1.92B	1.46B
Gross Profit	931.66M	298.06M	1.18B	1.13B	885.16M	588.47M
EBITDA	436.21M	439.04M	421.92M	423.04M	410.04M	156.69M
Net Income	358.00M	386.96M	214.81M	198.41M	214.70M	35.23M
Balance Sheet
Total Assets	2.97B	3.36B	2.96B	2.76B	2.49B	1.96B
Cash, Cash Equivalents and Short-Term Investments	462.58M	703.33M	532.32M	577.06M	594.43M	591.17M
Total Debt	409.13M	420.95M	449.51M	367.77M	270.58M	390.38M
Total Liabilities	1.41B	1.70B	1.66B	1.54B	1.51B	1.25B
Stockholders Equity	1.56B	1.66B	1.30B	1.21B	983.25M	709.86M
Cash Flow
Free Cash Flow	294.84M	385.95M	165.65M	138.82M	292.70M	221.68M
Operating Cash Flow	301.49M	385.95M	165.65M	199.01M	312.05M	242.11M
Investing Cash Flow	-228.99M	-188.47M	-105.37M	-75.91M	-181.89M	-147.65M
Financing Cash Flow	-130.54M	-51.31M	-84.41M	-208.28M	-160.64M	213.03M

BTS Group AB Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 181.40
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:BTS.B, the sentiment is Negative. The current price of 181.4 is below the 20-day moving average (MA) of 189.99, below the 50-day MA of 212.12, and below the 200-day MA of 245.36, indicating a bearish trend. The MACD of -9.27 indicates Negative momentum. The RSI at 30.87 is Neutral, neither overbought nor oversold. The STOCH value of 34.20 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:BTS.B.

BTS Group AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BTS.B	71 Outperform	$3.51B	9.81	23.55%	3.25%	3.95%	45.94%
REJL.B	68 Neutral	€4.24B	19.80	11.19%	2.51%	7.48%	6.80%
COOR	64 Neutral	€4.53B	37.97	8.43%	3.28%	-1.75%	-33.81%
Sector *	63 Neutral	$10.76B	16.24	7.41%	2.07%	2.60%	-16.34%
BRILL	51 Neutral	€68.69M	―	-17.35%	―	―	―
SES	48 Neutral	€825.12M	12.92	-11.14%	―	-33.10%	-376.11%
VESTUM	46 Neutral	€3.55B	―	-1.10%	―	-25.66%	62.75%

BTS Group AB Corporate Events

BTS Group AB Revises 2025 Outlook Amid North American Challenges

BTS Group AB has announced an earnings update for the second quarter of 2025, reporting expected net sales of SEK 720 million and an EBITA of SEK 85 million, which is lower than anticipated. The company has revised its outlook for 2025, now expecting a worse EBITA than the previous year due to challenges in its North American operations, including inefficient sales operations and unfavorable USD exchange rates. In response, BTS has implemented a new strategy and leadership in North America to drive growth, while other regions and business segments continue to perform well.

BTS Group AB Approves Dividend and Authorizes Share Management at AGM

BTS Group AB’s Annual General Meeting approved a dividend of SEK 6.10 per share, to be paid in two installments. The meeting also discharged the Board and CEO from liability for 2024, approved board remuneration, and re-elected board members and auditors. Additionally, the Board was authorized to issue shares for acquisitions and manage the company’s own shares, with specific conditions for acquisitions and transfers.

BTS Group AB Reports Steady Growth Amid Economic Uncertainty

BTS Group AB reported a 3% currency-adjusted growth in net sales for the first quarter of 2025, with a 1% organic growth. Despite economic uncertainties, the company maintained its EBITA from the previous year and focused on industries less impacted by economic challenges. The company saw significant contributions from its acquisitions and investments in AI and coaching platforms, particularly in Europe and Southeast Asia, while facing slower growth in North America and other markets. BTS Group AB remains optimistic about future growth, driven by strategic acquisitions and a strong pipeline of projects.