B

BTS Group Holdings PCL
SET:BTS

Watchlist Manager
BTS Group Holdings PCL
SET:BTS
Watchlist
Price: 2.52 THB 3.28% Market Closed
Market Cap: 40.6B THB
Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Income Statement

Revenue
+
3Y
+7%
5Y
-37%
10Y
+326%
Operating Income
+
3Y
-23%
5Y
-30%
10Y
+42%
Net Income
+
3Y
-2%
5Y
-61%
10Y
-45%

Earnings Waterfall
BTS Group Holdings PCL

Revenue
22.7B THB
Cost of Revenue
-15B THB
Gross Profit
7.7B THB
Operating Expenses
-5.3B THB
Operating Income
2.4B THB
Other Expenses
433m THB
Net Income
2.8B THB

Income Statement
BTS Group Holdings PCL

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Income Statement
Currency: THB
Mar-2001 Jun-2001 Sep-2001 Dec-2001 Mar-2002 Dec-2004 Mar-2005 Jun-2005 Sep-2005 Dec-2005 Mar-2006 Jun-2006 Sep-2006 Dec-2006 Mar-2007 Jun-2007 Sep-2007 Dec-2007 Mar-2008 Jun-2008 Sep-2008 Dec-2008 Mar-2009 Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Revenue
Interest Expense
0
2 467
1 974
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
373
751
982
1 248
1 067
863
766
628
569
507
452
403
350
308
288
290
298
318
448
644
849
1 078
1 202
1 236
1 257
1 337
1 477
1 642
0
0
0
2 243
0
608
1 262
2 505
2 547
2 777
2 968
3 196
3 245
3 255
3 351
3 538
3 901
4 465
5 049
5 799
6 330
6 555
6 801
0
0
0
Revenue
2 129
N/A
2 200
+3%
2 009
-9%
1 704
-15%
1 817
+7%
768
-58%
3 052
+297%
1 637
-46%
1 673
+2%
937
-44%
128
-86%
134
+5%
155
+16%
651
+320%
642
-1%
859
+34%
1 179
+37%
861
-27%
1 094
+27%
1 044
-5%
852
-18%
811
-5%
801
-1%
2 090
+161%
3 359
+61%
4 562
+36%
1 060
-77%
4 301
+306%
4 356
+1%
4 623
+6%
4 524
-2%
6 414
+42%
6 963
+9%
7 380
+6%
7 976
+8%
3 039
-62%
2 197
-28%
1 616
-26%
5 585
+246%
6 814
+22%
7 740
+14%
8 942
+16%
8 115
-9%
7 435
-8%
6 930
-7%
5 794
-16%
6 137
+6%
5 484
-11%
5 335
-3%
5 082
-5%
5 352
+5%
5 288
-1%
5 261
-1%
5 538
+5%
6 809
+23%
8 258
+21%
8 898
+8%
11 769
+32%
12 207
+4%
12 223
+0%
25 500
+109%
39 627
+55%
44 540
+12%
49 152
+10%
44 560
-9%
35 604
-20%
35 405
-1%
37 833
+7%
36 013
-5%
35 186
-2%
35 128
0%
33 206
-5%
29 829
-10%
28 946
-3%
26 056
-10%
22 218
-15%
21 208
-5%
18 033
-15%
18 311
+2%
19 467
+6%
18 868
-3%
19 295
+2%
18 175
-6%
16 760
-8%
16 750
0%
17 078
+2%
19 012
+11%
20 983
+10%
22 719
+8%
Gross Profit
Cost of Revenue
(3 362)
(3 419)
(2 830)
(2 237)
(1 199)
(612)
(2 947)
(1 772)
(1 793)
(1 201)
(77)
(82)
(89)
(536)
(539)
(811)
(1 141)
(870)
(1 048)
(930)
(728)
(676)
(718)
(1 455)
(2 159)
(2 841)
(932)
(3 077)
(3 129)
(3 230)
(3 362)
(3 614)
(3 757)
(3 912)
(4 020)
(3 188)
(2 704)
(2 414)
(2 882)
(3 641)
(4 195)
(5 007)
(4 089)
(4 219)
(3 897)
(3 078)
(3 034)
(2 779)
(2 708)
(2 572)
(2 470)
(2 393)
(2 374)
(2 593)
(3 818)
(5 043)
(5 549)
(7 981)
(8 349)
(8 204)
(21 034)
(34 535)
(39 498)
(44 607)
(39 646)
(30 737)
(29 566)
(31 535)
(29 894)
(29 171)
(28 674)
(26 580)
(23 366)
(22 603)
(20 267)
(16 629)
(15 489)
(12 316)
(12 311)
(13 400)
(12 972)
(13 438)
(12 804)
(11 720)
(11 738)
(11 838)
(12 828)
(13 934)
(15 008)
Gross Profit
(1 232)
N/A
(1 217)
+1%
(820)
+33%
(533)
+35%
618
N/A
156
-75%
105
-33%
(135)
N/A
(119)
+12%
(263)
-121%
51
N/A
53
+4%
66
+25%
114
+73%
102
-11%
47
-54%
38
-19%
(8)
N/A
46
N/A
115
+150%
124
+8%
135
+9%
83
-39%
634
+664%
1 199
+89%
1 720
+43%
128
-93%
1 224
+856%
1 227
+0%
1 393
+14%
1 162
-17%
2 801
+141%
3 207
+14%
3 468
+8%
3 956
+14%
(149)
N/A
(507)
-240%
(797)
-57%
2 702
N/A
3 172
+17%
3 544
+12%
3 934
+11%
4 026
+2%
3 218
-20%
3 035
-6%
2 718
-10%
3 103
+14%
2 705
-13%
2 626
-3%
2 509
-4%
2 882
+15%
2 893
+0%
2 886
0%
2 944
+2%
2 991
+2%
3 214
+7%
3 348
+4%
3 786
+13%
3 858
+2%
4 018
+4%
4 465
+11%
5 093
+14%
5 042
-1%
4 545
-10%
4 915
+8%
4 867
-1%
5 839
+20%
6 298
+8%
6 119
-3%
6 015
-2%
6 454
+7%
6 627
+3%
6 463
-2%
6 343
-2%
5 789
-9%
5 589
-3%
5 719
+2%
5 717
0%
6 000
+5%
6 067
+1%
5 896
-3%
5 857
-1%
5 371
-8%
5 040
-6%
5 012
-1%
5 240
+5%
6 184
+18%
7 049
+14%
7 711
+9%
Operating Income
Operating Expenses
(650)
1 977
2 038
(40)
(2 926)
(178)
(1 256)
(1 493)
(1 550)
(1 884)
(2 237)
(1 794)
908
1 005
2 331
26 098
24 654
25 495
1 050
1 065
(177)
(29)
(32)
(200)
4 123
3 899
(4)
4 923
1 010
817
861
(549)
(145)
(121)
(235)
2 027
996
981
(1 203)
(1 380)
(1 575)
(1 705)
(1 750)
(1 176)
(1 023)
(798)
(1 151)
(819)
(942)
(1 095)
(2 110)
(2 042)
(1 857)
(1 961)
(1 708)
(1 450)
(1 673)
(1 691)
(2 263)
(2 230)
(2 432)
(2 582)
(2 535)
(1 479)
(1 509)
(1 450)
(2 701)
637
(2 697)
(2 729)
(1 942)
(1 982)
(2 097)
(2 143)
(2 218)
(2 342)
(2 601)
(3 089)
(3 736)
(3 756)
(4 214)
(4 355)
(4 021)
(4 523)
(3 947)
(4 232)
(4 844)
(5 337)
(5 316)
Selling, General & Administrative
(900)
(922)
(929)
(940)
(3 288)
(196)
(792)
(3 702)
(3 775)
(3 826)
(3 676)
(490)
(441)
(353)
(416)
(342)
(301)
(218)
(215)
(142)
(217)
(203)
(259)
(438)
(662)
(915)
(347)
(1 167)
(1 223)
(1 267)
(1 245)
(1 341)
(1 291)
(1 238)
(1 389)
(832)
(812)
(833)
(1 271)
(1 463)
(1 657)
(1 774)
(1 816)
(1 132)
(997)
(861)
(1 188)
(850)
(955)
(1 061)
(1 536)
(1 702)
(1 734)
(1 847)
(1 656)
(1 867)
(1 944)
(1 983)
(2 093)
(2 576)
(2 781)
(2 877)
(2 384)
(2 386)
(2 382)
(2 348)
(2 824)
(3 369)
(3 111)
(3 090)
(2 379)
(2 449)
(2 586)
(2 742)
(2 503)
(2 800)
(3 054)
(3 507)
(4 027)
(4 343)
(4 567)
(4 685)
(4 499)
(4 585)
(4 647)
(4 981)
(4 761)
(5 665)
(5 920)
Depreciation & Amortization
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(14)
0
0
0
(148)
0
0
0
(175)
0
0
0
(200)
0
0
0
(170)
0
0
0
(151)
0
0
0
(252)
0
0
0
(88)
0
0
0
(119)
0
0
0
(112)
0
0
0
(132)
0
0
0
(374)
0
0
Other Operating Expenses
250
2 900
2 969
900
362
19
(465)
2 210
2 225
1 942
1 440
(1 303)
1 350
1 358
2 747
26 440
24 955
25 712
1 265
1 206
39
174
228
238
4 785
4 814
343
6 090
2 233
2 084
2 106
793
1 146
1 118
1 155
2 859
1 808
1 813
68
82
82
69
80
(43)
(27)
61
185
29
12
(34)
(399)
(339)
(122)
(112)
149
419
273
294
0
347
350
295
0
907
873
898
375
4 006
414
361
526
468
489
599
403
458
453
418
403
587
353
330
609
62
701
749
291
328
604
Operating Income
(1 882)
N/A
759
N/A
1 218
+60%
(572)
N/A
(2 308)
-303%
(22)
+99%
(1 152)
-5 136%
(1 628)
-41%
(1 670)
-3%
(2 148)
-29%
(2 186)
-2%
(1 743)
+20%
973
N/A
1 118
+15%
2 434
+118%
26 145
+974%
24 691
-6%
25 485
+3%
1 096
-96%
1 178
+7%
(54)
N/A
106
N/A
51
-52%
434
+751%
5 322
+1 126%
5 619
+6%
125
-98%
6 148
+4 818%
2 239
-64%
2 212
-1%
2 024
-8%
2 253
+11%
3 062
+36%
3 348
+9%
3 721
+11%
1 878
-50%
489
-74%
183
-63%
1 499
+719%
1 792
+20%
1 970
+10%
2 230
+13%
2 276
+2%
2 043
-10%
2 012
-2%
1 920
-5%
1 952
+2%
1 886
-3%
1 685
-11%
1 414
-16%
772
-45%
852
+10%
1 029
+21%
984
-4%
1 283
+30%
1 765
+38%
1 676
-5%
2 097
+25%
1 595
-24%
1 790
+12%
2 036
+14%
2 512
+23%
2 507
0%
3 066
+22%
3 405
+11%
3 417
+0%
3 138
-8%
6 935
+121%
3 422
-51%
3 286
-4%
4 512
+37%
4 645
+3%
4 366
-6%
4 200
-4%
3 570
-15%
3 246
-9%
3 118
-4%
2 628
-16%
2 264
-14%
2 311
+2%
1 682
-27%
1 503
-11%
1 349
-10%
517
-62%
1 066
+106%
1 007
-5%
1 340
+33%
1 713
+28%
2 395
+40%
Pre-Tax Income
Interest Income Expense
(10 953)
(12 603)
(8 607)
(5 351)
(2 312)
1 695
(2 750)
206
237
(1 423)
2 179
2 848
2 794
2 762
128
1 133
7
4
1
(1 155)
(15)
(23)
(29)
(91)
(189)
(367)
(28)
(936)
(1 161)
(1 320)
(1 572)
(1 397)
(1 451)
(1 412)
(1 313)
(1 407)
(1 102)
(295)
(219)
13 927
14 365
14 249
14 705
1 573
1 651
1 710
1 806
5 051
4 865
4 771
4 545
1 331
1 338
1 391
1 586
1 300
1 328
1 345
1 443
1 511
1 650
1 780
1 460
1 748
2 076
3 371
2 914
1 908
1 321
(641)
111
618
602
1 084
884
590
313
899
499
(495)
(368)
(2 309)
(6 394)
(5 751)
(6 180)
(2 083)
1 833
1 741
2 212
Non-Reccuring Items
(916)
(916)
(590)
(143)
(3 229)
0
0
87
(279)
0
(442)
(530)
(164)
(299)
(790)
0
0
(612)
(20)
(4)
(4)
0
6
0
0
0
142
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(10)
0
0
0
0
0
0
0
0
0
0
0
3 254
0
3 561
5 547
2 668
3 049
3 064
1 215
664
457
699
748
404
0
516
(4 655)
(469)
0
(1 112)
4 142
252
287
0
Gain/Loss on Disposition of Assets
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
5
0
0
0
375
375
380
380
0
370
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Total Other Income
597
598
323
0
0
0
1
0
1
1
0
0
0
24 441
0
1
0
(24 441)
0
0
0
0
0
0
0
0
0
(1)
(1)
(1)
0
(1)
(2)
(2)
0
(1)
(1)
3
1
(1)
(1)
0
0
0
1
1
368
368
443
73
194
0
(75)
(75)
260
0
(1)
(1)
400
(2)
0
0
209
0
0
0
(2)
0
(1)
(1)
(4)
(4)
(4)
(22)
(23)
(23)
(23)
(4)
(5)
(3)
(11)
(13)
(12)
(21)
(16)
(21)
(17)
(43)
(70)
Pre-Tax Income
(13 154)
N/A
(12 163)
+8%
(7 657)
+37%
(6 067)
+21%
(7 849)
-29%
1 673
N/A
(3 901)
N/A
(1 335)
+66%
(1 711)
-28%
(3 570)
-109%
(449)
+87%
575
N/A
3 603
+527%
28 022
+678%
1 772
-94%
27 279
+1 439%
24 698
-9%
436
-98%
1 077
+147%
19
-98%
(73)
N/A
83
N/A
28
-66%
343
+1 125%
5 133
+1 397%
5 252
+2%
239
-95%
5 211
+2 080%
1 077
-79%
891
-17%
452
-49%
855
+89%
1 609
+88%
1 934
+20%
2 408
+25%
470
-80%
(609)
N/A
(109)
+82%
1 281
N/A
15 718
+1 127%
16 709
+6%
16 854
+1%
17 361
+3%
3 996
-77%
3 664
-8%
4 001
+9%
4 125
+3%
7 305
+77%
6 993
-4%
6 258
-11%
5 512
-12%
2 183
-60%
2 292
+5%
2 300
+0%
3 119
+36%
3 065
-2%
3 003
-2%
3 441
+15%
3 438
0%
3 299
-4%
3 685
+12%
4 291
+16%
4 176
-3%
4 814
+15%
5 481
+14%
6 788
+24%
9 304
+37%
8 844
-5%
8 303
-6%
8 190
-1%
7 286
-11%
8 307
+14%
8 028
-3%
6 476
-19%
5 095
-21%
4 270
-16%
4 107
-4%
4 270
+4%
3 162
-26%
1 813
-43%
1 819
+0%
(5 475)
N/A
(5 526)
-1%
(5 256)
+5%
(6 242)
-19%
3 045
N/A
3 409
+12%
3 698
+8%
4 537
+23%
Net Income
Tax Provision
(2)
(2)
(2)
(2)
0
0
(5)
(5)
(6)
(6)
(1)
(1)
0
0
0
0
0
0
0
0
0
(6)
(9)
(26)
(43)
(55)
(11)
(71)
(84)
(101)
(106)
(131)
(153)
(155)
(173)
(225)
(475)
(752)
(439)
(4 190)
(4 101)
(4 223)
(3 806)
(952)
(943)
(771)
(733)
(1 585)
(1 482)
(1 168)
(1 121)
(220)
(249)
(443)
(646)
(664)
(699)
(768)
(776)
(718)
(807)
(841)
(773)
(849)
(855)
(936)
(1 478)
(1 565)
(1 698)
(2 116)
(1 927)
(1 978)
(1 920)
(1 444)
(1 214)
(1 284)
(1 249)
(1 447)
(1 539)
(1 679)
(1 855)
(1 840)
(1 707)
(1 645)
(1 652)
(1 681)
(1 945)
(2 071)
(2 232)
Income from Continuing Operations
(13 156)
(12 165)
(7 659)
(6 069)
(7 849)
1 673
(3 906)
(1 340)
(1 717)
(3 576)
(450)
574
3 603
28 022
1 772
27 279
24 698
436
1 077
19
(73)
77
20
317
5 090
5 198
229
5 141
993
789
346
723
1 456
1 779
2 236
245
(1 083)
(860)
841
11 529
12 609
12 632
13 555
3 045
2 722
3 231
3 392
5 722
5 512
5 091
4 391
1 963
2 043
1 857
2 472
2 401
2 304
2 673
2 662
2 581
2 877
3 450
3 403
3 965
4 626
5 852
7 826
7 279
6 605
6 073
5 359
6 329
6 108
5 032
3 881
2 986
2 858
2 823
1 623
134
(37)
(7 315)
(7 233)
(6 901)
(7 895)
1 365
1 464
1 628
2 305
Income to Minority Interest
4 284
4 365
3 345
2 713
1 340
(796)
1 305
(166)
0
630
0
0
0
0
0
0
0
0
0
1
3
4
1
(15)
(277)
(289)
(4)
(290)
(43)
(45)
(61)
(69)
(112)
(118)
(130)
(106)
(66)
(104)
(248)
(722)
(847)
(947)
(939)
(509)
(486)
(449)
(396)
(343)
(307)
(262)
(257)
(282)
(279)
(225)
(244)
(200)
(211)
(275)
(381)
(451)
(526)
(690)
(528)
(579)
(632)
(577)
(485)
(388)
(226)
(479)
(783)
(813)
(781)
(337)
(55)
(8)
19
48
214
394
348
1 816
1 992
2 049
2 331
875
653
642
523
Net Income (Common)
(8 872)
N/A
(7 800)
+12%
(4 314)
+45%
(3 356)
+22%
(6 508)
-94%
877
N/A
(2 601)
N/A
(1 505)
+42%
(1 882)
-25%
(2 945)
-56%
(450)
+85%
574
N/A
3 603
+528%
28 022
+678%
26 215
-6%
51 722
+97%
49 141
-5%
24 879
-49%
1 089
-96%
20
-98%
(70)
N/A
81
N/A
20
-75%
301
+1 405%
4 812
+1 499%
4 908
+2%
225
-95%
4 852
+2 056%
951
-80%
744
-22%
285
-62%
653
+129%
1 344
+106%
1 662
+24%
2 106
+27%
2 243
+7%
1 445
-36%
2 012
+39%
2 488
+24%
12 254
+393%
12 717
+4%
12 258
-4%
12 645
+3%
2 439
-81%
2 125
-13%
2 669
+26%
2 944
+10%
5 309
+80%
5 150
-3%
4 776
-7%
4 134
-13%
1 665
-60%
1 739
+4%
1 600
-8%
2 003
+25%
1 860
-7%
1 965
+6%
2 386
+21%
4 416
+85%
4 399
0%
4 416
+0%
4 716
+7%
2 873
-39%
3 380
+18%
3 987
+18%
5 258
+32%
8 162
+55%
7 711
-6%
7 199
-7%
6 425
-11%
4 576
-29%
5 516
+21%
5 327
-3%
4 695
-12%
3 826
-19%
2 979
-22%
2 877
-3%
2 871
0%
1 836
-36%
528
-71%
311
-41%
(5 499)
N/A
(5 241)
+5%
(4 851)
+7%
(5 564)
-15%
2 240
N/A
2 117
-5%
2 270
+7%
2 828
+25%
EPS (Diluted)
-97.49
N/A
-85.71
+12%
-47.4
+45%
-36.87
+22%
-71.51
-94%
9.63
N/A
-28.58
N/A
-16.53
+42%
-20.68
-25%
-32.36
-56%
-4.96
+85%
6.3
N/A
39.16
+522%
32.73
-16%
54.27
+66%
53.98
-1%
49.88
-8%
25.33
-49%
1.1
-96%
0.01
-99%
-0.07
N/A
0.08
N/A
0.02
-75%
0.07
+250%
0.86
+1 129%
0.86
N/A
0.21
-76%
0.74
+252%
0.1
-86%
0.08
-20%
0.03
-63%
0.08
+167%
0.17
+113%
0.18
+6%
0.23
+28%
0.24
+4%
0.13
-46%
0.19
+46%
0.21
+11%
1.04
+395%
1.05
+1%
1.02
-3%
1.07
+5%
0.21
-80%
0.19
-10%
0.23
+21%
0.25
+9%
0.44
+76%
0.43
-2%
0.4
-7%
0.35
-13%
0.14
-60%
0.15
+7%
0.14
-7%
0.19
+36%
0.15
-21%
0.18
+20%
0.21
+17%
0.37
+76%
0.37
N/A
0.37
N/A
0.39
+5%
0.24
-38%
0.28
+17%
0.33
+18%
0.42
+27%
0.63
+50%
0.58
-8%
0.54
-7%
0.48
-11%
0.35
-27%
0.42
+20%
0.4
-5%
0.36
-10%
0.29
-19%
0.23
-21%
0.22
-4%
0.22
N/A
0.14
-36%
0.04
-71%
0.02
-50%
-0.42
N/A
-0.4
+5%
-0.37
+8%
-0.42
-14%
0.14
N/A
0.15
+7%
0.15
N/A
0.19
+27%

See Also

Summary
BTS intrinsic value, competitors valuation, and company profile.
DCF Valuation
BTS stock valuation using Discount Cash Flow valuation method.
Relative Valuation
BTS stock valuation using valuation multiples.
Wall Street Estimates
BTS price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
BTS stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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