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BTS Group Holdings

BST:09T
Snowflake Description

Acceptable track record unattractive dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
09T
BST
฿180B
Market Cap
  1. Home
  2. DE
  3. Transportation
Company description

BTS Group Holdings Public Company Limited, together with its subsidiaries, engages in mass transit, property, media, and service businesses in Thailand, Hong Kong, and Malaysia. The last earnings update was 3 days ago. More info.


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09T Share Price and Events
7 Day Returns
3.1%
BST:09T
-1.8%
Europe Transportation
0%
DE Market
1 Year Returns
74.7%
BST:09T
1.3%
Europe Transportation
9.9%
DE Market
09T Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
BTS Group Holdings (09T) 3.1% 3.1% 11.3% 74.7% 94.2% 66%
Europe Transportation -1.8% -1.3% 1.7% 1.3% 12.6% 23.9%
DE Market 0% 4.6% 12.1% 9.9% 14.6% 18.2%
1 Year Return vs Industry and Market
  • 09T outperformed the Transportation industry which returned 1.3% over the past year.
  • 09T outperformed the Market in Germany which returned 9.9% over the past year.
Price Volatility
09T
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for BTS Group Holdings's competitors could be found in our database.

09T Value

 Is BTS Group Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of BTS Group Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for BTS Group Holdings.

BST:09T Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-09-30) in THB ฿ 0.36883157894737
Payout Ratio Company Filings (2019-09-30) 14627.1%
Discount Rate (Cost of Equity) See below 7.2%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BST:09T
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Transportation Unlevered Beta Simply Wall St/ S&P Global 0.98
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.981 (1 + (1- 20%) (42.86%))
1.166
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.17
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.166 * 5.96%)
7.18%

Discounted Cash Flow Calculation for BST:09T using Dividend Discount Model Model

The calculations below outline how an intrinsic value for BTS Group Holdings is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

BST:09T Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= ฿0.37 / (7.18% - 0.23%)
฿0
BST:09T Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BST:09T represents 0.02837x of SET:BTS
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.02837x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (THB) x Listing Adjustment Factor
= ฿ 3.75 x 0.02837
€0.11
Value per share (EUR) From above. €0.11
Current discount Discount to share price of €0.40
= -1 x (€0.40 - €0.11) / €0.11
-275.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of BTS Group Holdings is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for BTS Group Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are BTS Group Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BST:09T PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in THB ฿0.33
SET:BTS Share Price ** SET (2019-11-18) in THB ฿14.1
Europe Transportation Industry PE Ratio Median Figure of 28 Publicly-Listed Transportation Companies 10.89x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 20.03x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of BTS Group Holdings.

BST:09T PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SET:BTS Share Price ÷ EPS (both in THB)

= 14.1 ÷ 0.33

42.59x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • BTS Group Holdings is overvalued based on earnings compared to the Europe Transportation industry average.
  • BTS Group Holdings is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does BTS Group Holdings's expected growth come at a high price?
Raw Data
BST:09T PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 42.59x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts
-16.5%per year
Europe Transportation Industry PEG Ratio Median Figure of 19 Publicly-Listed Transportation Companies 1.13x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

BST:09T PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 42.59x ÷ -16.5%

-2.58x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • BTS Group Holdings earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on BTS Group Holdings's assets?
Raw Data
BST:09T PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in THB ฿4.02
SET:BTS Share Price * SET (2019-11-18) in THB ฿14.1
Europe Transportation Industry PB Ratio Median Figure of 36 Publicly-Listed Transportation Companies 1.47x
Germany Market PB Ratio Median Figure of 577 Publicly-Listed Companies 1.84x
BST:09T PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SET:BTS Share Price ÷ Book Value per Share (both in THB)

= 14.1 ÷ 4.02

3.51x

* Primary Listing of BTS Group Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • BTS Group Holdings is overvalued based on assets compared to the Europe Transportation industry average.
X
Value checks
We assess BTS Group Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Transportation industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Transportation industry average (and greater than 0)? (1 check)
  5. BTS Group Holdings has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

09T Future Performance

 How is BTS Group Holdings expected to perform in the next 1 to 3 years based on estimates from 12 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-16.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is BTS Group Holdings expected to grow at an attractive rate?
  • BTS Group Holdings's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.2%.
Growth vs Market Checks
  • BTS Group Holdings's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • BTS Group Holdings's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
BST:09T Future Growth Rates Data Sources
Data Point Source Value (per year)
BST:09T Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts -16.5%
BST:09T Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 12 Analysts -15.4%
Europe Transportation Industry Earnings Growth Rate Market Cap Weighted Average 9.5%
Europe Transportation Industry Revenue Growth Rate Market Cap Weighted Average 1.2%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BST:09T Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
All numbers in THB Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BST:09T Future Estimates Data
Date (Data in THB Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31
2023-03-31
2022-03-31 32,214 4,706 4,158 7
2021-03-31 41,716 7,260 4,216 9
2020-03-31 43,295 8,576 6,715 2
2019-11-18
BST:09T Past Financials Data
Date (Data in THB Millions) Revenue Cash Flow Net Income *
2019-09-30 47,063 -17,209 3,987
2019-06-30 51,716 -16,697 3,380
2019-03-31 45,895 -15,503 2,873
2018-12-31 39,536 -15,230 2,760
2018-09-30 25,500 -9,303 2,351
2018-06-30 12,223 -9,774 2,130
2018-03-31 12,207 -7,543 2,281
2017-12-31 11,768 -6,330 2,398
2017-09-30 8,898 -5,538 2,093
2017-06-30 8,258 -4,168 2,201
2017-03-31 6,809 -4,082 2,228
2016-12-31 5,542 -2,390 1,633

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • BTS Group Holdings's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • BTS Group Holdings's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BST:09T Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below

All data from BTS Group Holdings Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:09T Future Estimates Data
Date (Data in THB Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31
2023-03-31
2022-03-31 0.35 0.50 0.17 11.00
2021-03-31 0.33 0.40 0.25 11.00
2020-03-31 0.37 0.56 0.20 11.00
2019-11-18
BST:09T Past Financials Data
Date (Data in THB Millions) EPS *
2019-09-30 0.33
2019-06-30 0.28
2019-03-31 0.24
2018-12-31 0.23
2018-09-30 0.20
2018-06-30 0.18
2018-03-31 0.19
2017-12-31 0.20
2017-09-30 0.18
2017-06-30 0.19
2017-03-31 0.19
2016-12-31 0.14

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • BTS Group Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess BTS Group Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
BTS Group Holdings has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

09T Past Performance

  How has BTS Group Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare BTS Group Holdings's growth in the last year to its industry (Transportation).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • BTS Group Holdings's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • BTS Group Holdings's 1-year earnings growth exceeds its 5-year average (69.6% vs -5.4%)
  • BTS Group Holdings's earnings growth has exceeded the Europe Transportation industry average in the past year (69.6% vs 10.2%).
Earnings and Revenue History
BTS Group Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from BTS Group Holdings Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:09T Past Revenue, Cash Flow and Net Income Data
Date (Data in THB Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 47,062.73 3,987.34 3,254.18
2019-06-30 51,715.76 3,380.14 3,209.10
2019-03-31 45,894.95 2,872.95 3,179.99
2018-12-31 39,536.02 2,760.06 2,995.50
2018-09-30 25,500.13 2,351.13 2,781.10
2018-06-30 12,222.60 2,130.13 2,576.74
2018-03-31 12,207.07 2,280.72 2,263.30
2017-12-31 11,768.28 2,398.27 1,983.59
2017-09-30 8,897.95 2,093.49 1,907.70
2017-06-30 8,258.17 2,200.90 1,867.14
2017-03-31 6,808.80 2,228.40 1,816.99
2016-12-31 5,541.58 1,632.90 1,846.94
2016-09-30 5,263.83 1,765.23 1,770.76
2016-06-30 5,290.20 1,682.28 1,702.16
2016-03-31 5,354.83 4,133.89 1,626.84
2015-12-31 5,440.79 4,780.43 1,400.23
2015-09-30 5,696.26 5,142.97 1,293.51
2015-06-30 5,845.51 5,329.33 1,188.00
2015-03-31 6,138.85 2,995.68 1,143.99
2014-12-31 5,796.76 2,780.35 860.85
2014-09-30 6,930.81 2,247.66 997.61
2014-06-30 7,436.39 2,534.47 1,132.90
2014-03-31 8,151.24 12,630.49 1,282.04
2013-12-31 8,942.46 11,684.96 1,773.45
2013-09-30 7,740.18 11,762.29 1,652.80
2013-06-30 6,813.87 10,808.25 1,462.87
2013-03-31 5,584.71 -144.79 1,300.98
2012-12-31 1,615.59 -904.05 832.94

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • BTS Group Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • BTS Group Holdings used its assets less efficiently than the Europe Transportation industry average last year based on Return on Assets.
  • BTS Group Holdings has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess BTS Group Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Transportation industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
BTS Group Holdings has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

09T Health

 How is BTS Group Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up BTS Group Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • BTS Group Holdings's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • BTS Group Holdings's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of BTS Group Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from BTS Group Holdings Company Filings, last reported 1 month ago.

BST:09T Past Debt and Equity Data
Date (Data in THB Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 65,583.99 77,078.51 7,971.30
2019-06-30 65,393.64 86,091.16 23,802.77
2019-03-31 52,150.39 72,474.87 11,715.11
2018-12-31 53,556.51 63,479.28 15,539.08
2018-09-30 50,352.39 58,075.14 19,124.12
2018-06-30 48,511.87 49,488.39 10,032.99
2018-03-31 46,363.66 47,172.37 15,129.27
2017-12-31 46,474.84 49,703.52 19,817.53
2017-09-30 46,000.39 44,498.12 16,243.96
2017-06-30 47,241.16 43,438.92 28,592.52
2017-03-31 45,182.08 38,313.10 21,333.27
2016-12-31 46,673.45 36,014.72 23,091.25
2016-09-30 45,976.50 14,490.54 5,871.39
2016-06-30 48,568.51 9,725.90 7,854.86
2016-03-31 46,900.96 9,318.94 7,253.86
2015-12-31 49,976.35 5,063.18 6,343.80
2015-09-30 50,016.19 3,192.33 9,980.80
2015-06-30 54,005.09 4,587.91 16,072.37
2015-03-31 52,012.48 4,555.86 16,707.64
2014-12-31 56,848.83 4,282.84 21,860.64
2014-09-30 56,639.39 4,245.60 26,685.23
2014-06-30 58,860.54 7,836.58 31,456.52
2014-03-31 59,542.18 6,675.09 32,389.16
2013-12-31 63,634.59 6,651.56 35,353.73
2013-09-30 60,103.69 6,648.03 25,457.31
2013-06-30 60,961.56 9,390.67 32,663.88
2013-03-31 50,501.72 11,960.60 4,731.47
2012-12-31 48,303.44 12,871.26 2,740.82
  • BTS Group Holdings's level of debt (117.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (7.5% vs 117.5% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • BTS Group Holdings earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess BTS Group Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. BTS Group Holdings has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

09T Dividends

 What is BTS Group Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.98%
Current annual income from BTS Group Holdings dividends. Estimated to be 2.62% next year.
If you bought €2,000 of BTS Group Holdings shares you are expected to receive €60 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • BTS Group Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.33%).
  • BTS Group Holdings's dividend is below the markets top 25% of dividend payers in Germany (3.68%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BST:09T Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
Europe Transportation Industry Average Dividend Yield Market Cap Weighted Average of 25 Stocks 4.9%
Germany Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.3%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BST:09T Future Dividends Estimate Data
Date (Data in ฿) Dividend per Share (annual) Avg. No. Analysts
2024-03-31
2023-03-31
2022-03-31 0.38 8.00
2021-03-31 0.35 10.00
2020-03-31 0.48 1.00
2019-11-18
BST:09T Past Annualized Dividends Data
Date (Data in ฿) Dividend per share (annual) Avg. Yield (%)
2019-05-28 0.420 3.269
2019-01-07 0.355 3.340
2018-05-30 0.350 3.774
2018-02-15 0.340 3.943
2018-01-08 0.340 4.185
2017-05-29 0.340 4.015
2017-01-09 0.505 6.016
2016-05-27 0.680 7.670
2016-01-20 0.640 7.418
2015-05-25 0.600 6.277
2014-05-23 0.600 6.339
2014-01-14 0.435 5.219
2013-08-09 0.380 4.401
2013-06-25 0.388 4.833
2013-05-28 0.343 4.341
2013-04-19 0.360 4.154
2013-02-13 0.326 3.722
2013-01-15 0.326 4.177
2013-01-11 0.326 4.592
2012-05-28 0.301 5.392
2012-04-17 0.301 6.032
2012-02-14 0.299 6.332
2012-01-16 0.299 6.856
2011-07-27 0.283 7.013
2011-02-11 0.161 3.548
2010-11-15 0.161 3.249

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • BTS Group Holdings has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but BTS Group Holdings only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of BTS Group Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (0.9x coverage).
X
Income/ dividend checks
We assess BTS Group Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can BTS Group Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. BTS Group Holdings has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

09T Management

 What is the CEO of BTS Group Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Kavin Kanjanapas
COMPENSATION ฿1,946,667
AGE 44
TENURE AS CEO 4.6 years
CEO Bio

Mr. Kavin Kanjanapas has been the Chief Executive Officer of BTS Group Holdings Public Company Limited since April 1, 2015. Mr. Kanjanapas served as the President of VGI Global Media Public Company Limited. He served as the Managing Director of BTS Group Holdings Public Company Limited since 1999 and again from 2007 to 2010 and Mass Transit System Public Company Limited. He served as Managing Director of Bangkok Mass Transit System Public Company Limited. He has been Executive Chairman of BTS Assets Co., Ltd. since 2010. He served as the Chairman of VGI Global Media Public Company Limited. He has been Executive Chairman of VGI Global Media Plc since 2012. He has been an Executive Director of BTS Group Holdings Public Company Limited since 2010 and served as its Director since January 23, 2007 until 2010. He has been a Director of VGI Global Media Public Company Limited (a/k/a VGI Global Media Company Limited) since May 28, 2003. He has been a Director of Bangkok Mass Transit System Public Company Limited since July 29, 2010. He has been a Director of Bangkok Smartcard Technology Limited since 2010. He has been Director of Mak8 Co., Ltd. since 2014. He has been a Director of Man Kitchen Co., Ltd. since 2013. He has been a Director of Tanayong Hong Kong Limited, Absolute Hotel Services Hong Kong Limited, 999 Media Co., Ltd., 888 Media Co., Ltd., Carrot Rewards Co., Ltd., BTS land Co., Ltd., Kamkoong Property Co., Ltd., and VGI Advertising China Co., Ltd. since 2010. He has been a Director of Nuvo Line Agency Co., Ltd., Bangkok Smartcard System Co., Ltd., Point of View (POV) Media Group Co., Ltd., and VGI Advertising Media Co., Ltd. since 2009. He has been a Director at Bangkok Mass Transit System Public Company Limited since July 29, 2010. He has been a Director at U City Public Company Limited since July 07, 2017. He has been a Director of Thana City Golf & Sports Club Co., Ltd., Tanayong Property Management Co., Ltd., Muangthong Assets Co., Ltd., PrannaKiri Assets Co., Ltd., Siam Paging and Communication Co., Ltd., Tanayong Food and Beverage Co., Ltd., and Absolute Hotel Services Co., Ltd. since 2008. He served as a Director of Tanayong Public Co. Ltd. From 2009 to 2014, he served as a Director of Midas Global Media Co., Ltd. (formerly, VGI Multi-Tech International Co., Ltd.). From 2010 to 2012, he served as a Director of Kampoo Property Co., Ltd. From 2007 to 2012, he served as a Director of Kamala Beach Resort & Hotel Management Co., Ltd. From 2008 to 2009, he served as a Director of DNAL Co., Ltd. and Yongsu Co., Ltd. He studied at Stonyhurst College, UK. He completed Director Accreditation Program (DAP) from Thai Institute of Directors in 2007. He completed Top Executive Program (CMA 16) from Capital Market Academy in 2013.

CEO Compensation
  • Kavin's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Kavin's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the BTS Group Holdings management team in years:

8.8
Average Tenure
52
Average Age
  • The average tenure for the BTS Group Holdings management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Kavin Kanjanapas

TITLE
CEO & Executive Director
COMPENSATION
฿2M
AGE
44
TENURE
4.6 yrs

Rangsin Kritalug

TITLE
COO & Executive Director
COMPENSATION
฿2M
AGE
57
TENURE
9.8 yrs

Anat Arbhabhirama

TITLE
Executive Director
COMPENSATION
฿2M
AGE
81
TENURE
9.8 yrs

Surapong Laoha-Unya

TITLE
Executive Director
COMPENSATION
฿2M
AGE
57

Chulchit Bunyaketu

TITLE
Executive Director
COMPENSATION
฿2M
AGE
76
TENURE
3.8 yrs

Surayut Thavikulwat

TITLE
Chief Financial Officer
AGE
47
TENURE
8.8 yrs

Daniel Ross

TITLE
Chief Investment Officer & Head of Investor Relations
AGE
43
TENURE
4.8 yrs

Duangkamol Chaichanakajorn

TITLE
Accounting Director
AGE
59
TENURE
18.8 yrs

Chi Keung Kong

TITLE
Deputy CEO & Executive Director
AGE
44
TENURE
4.6 yrs

Chawadee Rungruang

TITLE
Financial Controller
AGE
42
TENURE
8.8 yrs
Board of Directors Tenure

Average tenure and age of the BTS Group Holdings board of directors in years:

12.8
Average Tenure
70.5
Average Age
  • The average tenure for the BTS Group Holdings board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Keeree Kanjanapas

TITLE
Chairman
COMPENSATION
฿4M
AGE
69
TENURE
13.8 yrs

Kavin Kanjanapas

TITLE
CEO & Executive Director
COMPENSATION
฿2M
AGE
44
TENURE
12.8 yrs

Rangsin Kritalug

TITLE
COO & Executive Director
COMPENSATION
฿2M
AGE
57
TENURE
21.9 yrs

Anat Arbhabhirama

TITLE
Executive Director
COMPENSATION
฿2M
AGE
81
TENURE
21.5 yrs

Surapong Laoha-Unya

TITLE
Executive Director
COMPENSATION
฿2M
AGE
57
TENURE
9.3 yrs

Chulchit Bunyaketu

TITLE
Executive Director
COMPENSATION
฿2M
AGE
76
TENURE
4.3 yrs

Chi Keung Kong

TITLE
Deputy CEO & Executive Director
AGE
44
TENURE
12.8 yrs

Phisal Thepsithar

TITLE
Independent Director
COMPENSATION
฿2M
AGE
87
TENURE
19.3 yrs

Henry Cheong

TITLE
Independent Director
COMPENSATION
฿2M
AGE
72
TENURE
9.3 yrs

Suchin Wanglee

TITLE
Independent Director
COMPENSATION
฿2M
AGE
83
TENURE
9.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess BTS Group Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. BTS Group Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

09T News

Simply Wall St News

09T Company Info

Description

BTS Group Holdings Public Company Limited, together with its subsidiaries, engages in mass transit, property, media, and service businesses in Thailand, Hong Kong, and Malaysia. The company’s Mass Transit segment operates and maintains BTS Sky Train system and bus rapid transit line, as well as offers electric and mechanical installation services. Its Media segment manages and provides advertising spaces on the BTS stations and existing extensions, department stores, and office and commercial buildings, as well as in the street furniture media sector; offers design and installation services for multimedia display systems; and provides outdoor advertising media services. The company’s Property segment develops and sells real estate properties. Its Services segment provides installation and construction services; and Rabbit Card services. It also invests in the securities of other companies; provides architecture and engineering work consultancy services; and manages food and beverage businesses. In addition, the company rents advertising spaces; purchases/sells electronic billboards; provides electronic payment, electronic money, and bill payment services; and produces and sells tri-vision equipment. Further, it provides Web portal and design services, as well as various e-commerce-related services, including online marketing services; engages in the provision of online insurance price comparison services; develops software and provides technology and system integration services; and offers CRM loyalty program and coupon kiosks. The company was formerly known as Tanayong Public Company Limited and changed its name to BTS Group Holdings Public Company Limited in May 2010. BTS Group Holdings Public Company Limited was founded in 1968 and is based in Bangkok, Thailand.

Details
Name: BTS Group Holdings Public Company Limited
09T
Exchange: BST
Founded: 1968
฿5,371,014,914
12,755,156,796
Website: http://www.btsgroup.co.th
Address: BTS Group Holdings Public Company Limited
TST Tower 21 Soi Choei Phuang,
15th Floor,
Bangkok,
10900,
Thailand
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SET BTS Ordinary Shares The Stock Exchange of Thailand TH THB 02. Jan 1992
OTCPK BTSG.Y ADR Pink Sheets LLC US USD 20. Apr 2012
SET BTS-R THB0.64(NVDR) The Stock Exchange of Thailand TH THB 20. Aug 2001
SET BTS THB4(LOCAL) The Stock Exchange of Thailand TH THB 18. Nov 2019
THAMSE BTS-F THB0.64(ALIEN MKT) Bangkok-Alien Market Stock Exchange TH THB 20. Sep 2007
BST 09T THB0.64(NVDR) Boerse-Stuttgart DE EUR 20. Aug 2001
Number of employees
Current staff
Staff numbers
0
BTS Group Holdings employees.
Industry
Railroads
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/18 21:34
End of day share price update: 2019/11/18 00:00
Last estimates confirmation: 2019/11/18
Last earnings filing: 2019/11/15
Last earnings reported: 2019/09/30
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.