BTS Group Holdings Public Co. Ltd.

BTS Group Holdings Public Co. Ltd.

1.91
THB
0.00
(0.00%)
-0.16EPS
33.80BMarket Cap
Nov 13Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
1.85
0.52
0.45
0.58
1.03
3.72
2.77
2.64
1.96
1.37
1.35
1.25
1.31
1.34
Basic EPS, GAAP
1.08
0.25
0.35
0.17
0.37
0.24
0.65
0.35
0.29
0.14
-0.4
0.16
-0.07
-0.08
Free Cash Flow per Basic Share
0.01
-0.1
-0.03
-0.43
-0.96
-2.7
-1.17
-1.56
-1.23
-0.65
-0.13
2.67
2.17
2.4
Dividend per Share
0.61
0.51
0.64
0.5
0.34
0.35
0.43
0.45
0.31
0.31
0.16
- -
- -
- -
Book Value per Share
4.84
4.29
3.84
3.56
3.43
3.27
4.18
4.57
4.58
4.26
3.52
3.61
3.63
3.62
Tangible Book Value per Share
4.63
4.05
3.6
3.18
3.05
2.82
3.97
4.36
4.34
4.02
3.3
3.09
3.16
3.15
Basic Weighted Avg Shares
11,688
11,862
11,830
11,838
11,843
11,846
12,632
13,159
13,163
13,168
13,168
14,338
16,094
16,094
Sales/Revenue/Turnover
21,649
6,137
5,352
6,809
12,207
44,016
34,948
34,717
25,764
18,018
17,840
17,919
21,129
21,569
Operating Margin (%)
71.81
29.58
14.42
18.73
13.06
4.51
7.24
11.31
11.7
9.68
4.83
1.62
-3.4
-4.16
Depreciation Expense
381
460
453
577
758
793
1,264
1,006
871
967
1,309
2,186
3,417
3,539
Net Income, GAAP
12,598
2,944
4,134
2,003
4,416
2,873
8,162
4,576
3,826
1,836
-5,241
2,324
-1,152
-1,311
Effective Tax Rate (%)
21.82
17.77
20.34
20.72
22.57
18.52
15.88
26.45
23.83
48.67
- -
53.24
- -
- -
Profit Margin (%)
58.19
47.97
77.24
29.42
36.17
6.53
23.35
13.18
14.85
10.19
-29.38
12.97
-5.45
-6.08
Working Capital
28,786
19,442
-2,369
7,106
-1,256
-21,959
-10,516
-18,113
-24,325
-18,122
-4,588
15,582
13,538
5,787
LT Debt
3,037
2,532
173
23,911
30,463
42,886
66,051
91,542
111,197
138,830
144,386
156,618
146,378
136,563
Total Equity
59,542
52,012
46,901
45,182
46,364
52,310
67,246
76,037
84,311
81,322
66,143
105,990
100,098
99,657
Return on Invested Capital (%)
19.22
2.72
1.11
1.89
1.92
1.75
6.37
5.02
3
1.38
- -
1.74
- -
- -
Return on Capital (%)
18.91
4.69
7.48
3.7
6.74
3.83
7.55
3.38
2.9
1.63
- -
2.28
- -
- -
Return on Common Equity (%)
23.74
5.43
8.6
4.57
10.67
7.24
17.43
7.95
6.35
3.16
-10.24
4.45
-1.98
-2.29

Capital Structure

THB

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
32,948
44,834
53,021
LT Borrowings
155,766
144,808
135,037
LT Finance Leases
1,585
1,570
1,526
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
16,094
16,094
16,094
Market Capitalization
36,694
34,763
33,797

Working Capital

THB

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
72,321
69,308
69,826
Cash, Cash Equivalents & STI
56,073
50,739
49,846
Accounts Receivable, Net
1,272
1,126
1,126
Inventories
1,713
1,650
1,582
Total Current Liabilities
43,024
55,770
64,039
Payables & Accruals
6,266
6,911
7,166
ST Debt
32,948
44,834
53,021
Deferred Revenue
3,055
3,174
3,115

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.68%
8.67%
-5.56%
Free Cash Flow
-80.97%
-491.83%
-8.92%
Net Income, GAAP
-57.36%
-149.54%
-149.56%
Sales/Revenue/Turnover
30.73%
-7.7%
17.91%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
3,654
3,881
4,997
5,409
17,919
2026
5,272
5,192
5,469
5,197
21,129
2027
5,712
- -
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
-0.03
-0.03
0.21
-0.01
0.16
2026
-0.01
0.01
-0.06
- -
-0.07
2027
-0.02
- -
- -
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -

Company Description

CEO
Kavin Kanjanapas
Full Time Employees
212
Sector
Transportation
Industry
Other transportation
Address
1000/9 BTS Visionary Park - South Tower Bangkok BM Thailand 10900
IPO Date
Mar 1, 1991
Business
BTS Group Holdings Public Company Limited BTS Group Holdings Public Company Limited (BTSG) is a multi-industry conglomerate listed on the Stock Exchange of Thailand that operates across three core business platforms: MOVE, which provides mass transit solutions including operation and maintenance of the BTS Skytrain core network, Green Line extensions, Pink Line and Yellow Line monorails, Bangkok BRT electric bus services, and related rail construction, procurement, and door-to-door transportation; MIX, which delivers out-of-home (O2O) marketing solutions encompassing advertising across media channels, digital services like electronic payments and CRM loyalty programs via subsidiaries such as VGI Global Media PCL, and distribution through retail networks like Super Turtle PCL; and MATCH, which captures synergistic opportunities in property development and hotels through entities like U City and U Hotels & Resorts, alongside services including ecommerce, software development, food and beverage management, cleaning, and lending via digital platforms. The group holds majority stakes in key subsidiaries such as Bangkok Mass Transit System PCL (BTSC) for Skytrain and BRT operations, Northern Bangkok Monorail Co., Ltd. and Eastern Bangkok Monorail Co., Ltd. for monorail concessions, and participates in joint ventures like BSR for Pink and Yellow Lines; it primarily serves urban communities in Thailand with expansion interests across Asia, employing over 5,000 personnel from its headquarters in Bangkok, where it was founded in 1968 and renamed from Tanayong Public Company Limited in 2010. In recent developments during fiscal 2024/25, BTS Group raised THB 13.2 billion through a rights offering in October 2024, utilizing THB 7.1 billion to increase stakes via voluntary tender offers to 63.2% in Roctec Global PCL (ROCTEC, transitioning to ICT services) and 65.4% in Rabbit Holdings PCL (RABBIT), consolidating both as subsidiaries from November 2024 to enhance group synergies; VGI PCL, retaining operational control under BTS despite dilution to 34.2%, approved a THB 13.2 billion private placement for virtual bank investments, existing businesses, and working capital, following its divestment of ROCTEC shares to BTS for THB 2.2 billion; MOVE operations advanced with Supreme Administrative Court rulings favoring BTSC for Green Line O&M fee payments from Bangkok Metropolitan Administration, receipt of THB 2.5 billion Yellow Line subsidy, and commercial launch of electric BRT Sathorn-Ratchaphruek route, while MIX pursued a virtual bank license application with partners including Sea Group and Bangkok Bank.

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