Obermatt

Flags

Financial distress

BTS Group

SET:BTS · TH0221B10Z05
Road & RailLarge

360

2
Profit price77
Owner Earnings Yield1
Dividend Yield61
Price/Sales58
EV / Gross Profit1
Price/Book83
Return on Capital10
Cash Return on Capital36
Return on Equity17
EBIT Margin43
Gross Profitability1
Accruals48
Owner Earnings Margin24
Sales growth12
Profit Growth1
Long-Term EPS Growth6
Owner Earnings Growth6
Reinvestment85
Price momentum1
Debt load23
Refinancing88
Debt Payback1
Liquidity12
Analyst ratings13
Opinion Changes50
Price Target Upside83
Market mood65
Value Creation8/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

BTS Group clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryThailand
IndustryRoad & Rail
SizeLarge
TypePublic Company
ExchangeSET
Founded1993
Employees180
ISINTH0221B10Z05
Last UpdateApr 2, 2026
Themes
Last Mile TransportationOnline PaymentsCustomer Relationship ManagementBrand MarketingMarketing AutomationProperty DevelopmentPublic TransportationTransportation

Description

BTS Group Holdings Public Company Limited engages in mass transportation, marketing, and other businesses. The company primarily operates in the mass transit sector, managing an extensive network of rail and bus services. The company, through its sub…

Analysis

Weak and unloved

BTS Group Holdings Public Company Limited scores below average on quality and is priced accordingly, a low-conviction position in either direction.

Valuation data is not available for this company.

Growth is weak; the safety picture is fragile. The company scores 8/20 on our value-creation score: creating some value.

No flags apply to this company at this time: accounts, balance sheet, and cash quality all pass. A clean bill of health is meaningful, not just the absence of a warning. This analysis describes numbers; it is not investment advice.

360° rank · history

1007550250
14
2023202420252026

All-time high

54

Jan 2025

All-time low

1

Jan 2024

Average rank

32

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
58
14
21
22
Price/Earnings
100
1
15
36
Price/Book
83
83
83
78
Dividend Yield
61
49
82
84
Value (overall)
92
51
79
79

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →