BTS Group AB (BTS.B) AI Stock Analysis

• Market Cap: kr2.81B
• Dividend Yield: 4.22%
• Average Volume (3M): 36.03K
• Price to Earnings (P/E): 17.4
• Beta (1Y): 0.55
• Revenue Growth: 0.59%
• EPS Growth: -60.74%
• Country: SE
• Employees: 1,172
• Sector: Industrials
• Sector Strength: 72
• Industry: Consulting Services
• EPS (TTM): 0.65
• Shares Outstanding: 18,543,018
• 10 Day Avg. Volume: 91,333
• 30 Day Avg. Volume: 36,029
• PEG Ratio: 0.17
• Price to Book (P/B): 3.06
• Price to Sales (P/S): 1.82
• P/FCF Ratio: 13.22
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 62 Neutral
• Price Target: kr143.00 ▼(-1.38% Downside)

BTS Group AB's overall stock score is driven by strong valuation and financial performance, but is tempered by bearish technical indicators and mixed earnings call results. The company's growth in AI services and European markets is promising, but challenges in North America and currency impacts weigh on the outlook.

Positive Factors

AI Services Growth

The significant growth in AI services highlights BTS's ability to innovate and adapt to technological trends, positioning it well for future demand in digital transformation.

European Market Strength

Strong performance in Europe indicates BTS's competitive advantage and effective market strategies, supporting long-term revenue stability and growth.

AI Simulation Technology

Advancements in AI simulation technology enhance BTS's service offerings, potentially increasing client engagement and operational efficiency.

Negative Factors

Profit Decline

The significant profit decline, exacerbated by currency effects, poses a risk to financial stability and may affect future investment in growth initiatives.

Challenges in North America

Challenges in North America, including client losses and currency impacts, could hinder BTS's ability to maintain its market position and revenue growth.

Softening Demand in Other Markets

Macroeconomic challenges in key markets may limit BTS's growth potential and require strategic adjustments to mitigate regional demand fluctuations.

BTS Group AB Business Overview & Revenue Model

Company Description

BTS Group AB (publ) operates as a professional services firm. It operates through BTS North America, BTS Europe, BTS Other Markets, and APG segments. The company offers a range of services that meet needs within strategy execution, leadership development programs, assessment, developing business acumen, transforming sales organizations, coaching, digital solutions, and events and services, as well as talent acquisition and succession. It also provides human-centric consulting services. The company was founded in 1986 and is headquartered in Stockholm, Sweden.

How the Company Makes Money

BTS Group AB generates revenue through multiple key streams, primarily by providing consulting and training services to corporations. The company charges clients for its consulting projects, which often involve strategy development and implementation support. Additionally, BTS earns income from the sale of its proprietary learning tools, such as business simulations and digital learning modules, which are used in corporate training programs. Significant partnerships with large multinational companies further bolster BTS's revenue, as these collaborations often result in large-scale training contracts. Furthermore, BTS may benefit from the recurring nature of its contracts, as clients often engage in ongoing training and development initiatives. The effectiveness and innovation of BTS's solutions also contribute to its reputation, enabling the company to attract new clients and retain existing ones, thereby driving sustainable revenue growth.

BTS Group AB Financial Statement Overview

Summary

BTS Group AB has a stable financial position with strong profitability metrics and a solid balance sheet. However, the significant decline in revenue and negative free cash flow growth in the TTM period are concerning. The company needs to address these challenges to maintain its financial health.

Income Statement

BTS Group AB shows a mixed performance in its income statement. The company has a solid gross profit margin and a reasonable net profit margin, indicating effective cost management. However, the recent TTM data shows a significant revenue decline of 31.7%, which is concerning. The EBIT and EBITDA margins are stable, but the revenue growth trajectory is negative, which could impact future profitability.

Balance Sheet

The balance sheet of BTS Group AB is relatively strong, with a low debt-to-equity ratio, suggesting prudent financial leverage. The return on equity is robust, indicating efficient use of equity capital. The equity ratio is healthy, reflecting a stable financial structure. However, the slight increase in debt levels over time should be monitored.

Cash Flow

Cash flow analysis reveals some challenges for BTS Group AB. The free cash flow growth rate is negative in the TTM period, indicating potential cash flow issues. The operating cash flow to net income ratio is moderate, suggesting decent cash generation relative to net income. However, the declining free cash flow growth could pose risks if not addressed.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.79B	2.80B	2.68B	2.53B	1.92B	1.46B
Gross Profit	2.11B	1.24B	1.18B	1.13B	885.16M	588.47M
EBITDA	396.30M	439.04M	421.92M	423.04M	410.04M	156.69M
Net Income	161.50M	386.96M	214.81M	198.41M	214.70M	35.23M
Balance Sheet
Total Assets	3.00B	3.36B	2.96B	2.76B	2.49B	1.96B
Cash, Cash Equivalents and Short-Term Investments	452.10M	703.33M	532.32M	577.06M	594.43M	591.17M
Total Debt	514.22M	589.24M	449.51M	367.77M	265.77M	390.38M
Total Liabilities	1.52B	1.70B	1.66B	1.54B	1.51B	1.25B
Stockholders Equity	1.48B	1.66B	1.30B	1.21B	983.25M	709.86M
Cash Flow
Free Cash Flow	225.26M	385.95M	165.65M	138.82M	292.70M	221.68M
Operating Cash Flow	225.26M	385.95M	165.65M	199.01M	312.05M	242.11M
Investing Cash Flow	-181.59M	-188.47M	-105.37M	-75.91M	-181.89M	-147.65M
Financing Cash Flow	-100.77M	-51.31M	-84.41M	-208.28M	-160.64M	213.03M

BTS Group AB Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 145.00
• 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 Neutral. The current price of 145 is above the 20-day moving average (MA) of 143.41, below the 50-day MA of 151.41, and below the 200-day MA of 194.14, indicating a neutral trend. The MACD of -0.74 indicates Negative momentum. The RSI at 49.77 is Neutral, neither overbought nor oversold. The STOCH value of 22.21 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
REJL.B	69 Neutral	kr4.17B	19.10	10.98%	2.68%	7.23%	1.27%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
COOR	63 Neutral	kr4.69B	32.28	10.13%	3.29%	-0.69%	-14.04%
BTS.B	62 Neutral	kr2.81B	17.38	10.07%	4.22%	0.59%	-60.74%
BRILL	51 Neutral	kr59.59M	-13.45	-15.25%	―	-0.97%	41.20%
VESTUM	50 Neutral	kr3.06B	-105.44	-0.85%	―	-27.41%	49.11%
SES	41 Neutral	kr881.00M	-7.34	-20.69%	―	-79.18%	-257.25%

BTS Group AB Corporate Events

BTS Group AB Appoints New Nomination Committee

BTS Group AB has announced the appointment of a Nomination Committee, which includes representatives from its three largest shareholders and the Chairman of the Board, Henrik Ekelund. The committee, chaired by Anders Dahl, is tasked with proposing candidates for various leadership roles and determining remuneration for board members and auditors ahead of the Annual General Meeting in 2026. This move is significant for BTS Group AB as it strengthens its governance structure and ensures strategic alignment with its major stakeholders.

The most recent analyst rating on ($SE:BTS.B) stock is a Hold with a SEK155.00 price target. To see the full list of analyst forecasts on BTS Group AB stock, see the SE:BTS.B Stock Forecast page.

BTS Group AB Faces Challenges Amid Currency Headwinds and Market Investments

BTS Group AB reported a challenging third quarter in 2025, with a 25% decline in EBITA due to currency headwinds and reduced revenues from high-margin license products in North America. Despite a 3% currency-adjusted revenue growth, the company is focusing on a turnaround in North America, with expectations for growth in 2026. Meanwhile, BTS Other markets saw a 4% revenue increase, though profits were affected by currency impacts and increased investments, while BTS Europe maintained strong profitability. The company continues to invest in executive coaching and AI innovation, aiming for long-term growth despite a forecasted revenue decline in North America for the fourth quarter.

The most recent analyst rating on ($SE:BTS.B) stock is a Hold with a SEK205.00 price target. To see the full list of analyst forecasts on BTS Group AB stock, see the SE:BTS.B Stock Forecast page.