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BTS Group

OTCPK:BGPB.F
Snowflake Description

Excellent balance sheet established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BGPB.F
OTCPK
SEK3B
Market Cap
  1. Home
  2. US
  3. Commercial Services
Company description

BTS Group AB (publ) operates as a consulting and education firm in Sweden and internationally. The last earnings update was 47 days ago. More info.


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BGPB.F Share Price and Events
7 Day Returns
0%
OTCPK:BGPB.F
-2.6%
US Professional Services
-2.8%
US Market
1 Year Returns
-
OTCPK:BGPB.F
-13%
US Professional Services
-15.9%
US Market
BGPB.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
BTS Group (BGPB.F) 0% 0% - - 181.1% 187.9%
US Professional Services -2.6% -22.2% -22.5% -13% 11.4% 22.7%
US Market -2.8% -18.8% -24% -15.9% 2.8% 13.3%
1 Year Return vs Industry and Market
  • No trading data on BGPB.F.
  • No trading data on BGPB.F.
Price Volatility
BGPB.F
Industry
5yr Volatility vs Market

BGPB.F Value

 Is BTS Group 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 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.

OTCPK:BGPB.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 1.7%

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 OTCPK:BGPB.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 5.4%
Professional Services Unlevered Beta Simply Wall St/ S&P Global 0.77
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.768 (1 + (1- 22%) (8.31%))
0.878
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.88
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.74% + (0.878 * 5.44%)
6.52%

Discounted Cash Flow Calculation for OTCPK:BGPB.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for BTS Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

OTCPK:BGPB.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SEK, Millions) Source Present Value
Discounted (@ 6.52%)
2020 240.00 Analyst x1 225.32
2021 248.00 Analyst x2 218.59
2022 303.00 Analyst x1 250.73
2023 333.49 Est @ 10.06% 259.08
2024 358.72 Est @ 7.57% 261.63
2025 379.59 Est @ 5.82% 259.92
2026 397.04 Est @ 4.59% 255.23
2027 411.88 Est @ 3.74% 248.58
2028 424.81 Est @ 3.14% 240.70
2029 436.36 Est @ 2.72% 232.12
Present value of next 10 years cash flows SEK2,451.00
OTCPK:BGPB.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= SEK436.36 × (1 + 1.74%) ÷ (6.52% – 1.74%)
SEK9,296.06
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SEK9,296.06 ÷ (1 + 6.52%)10
SEK4,944.96
OTCPK:BGPB.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SEK2,451.00 + SEK4,944.96
SEK7,395.96
Equity Value per Share
(SEK)
= Total value / Shares Outstanding
= SEK7,395.96 / 19.32
SEK382.85
OTCPK:BGPB.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:BGPB.F represents 0.13744x of OM:BTS B
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.13744x
Value per Share
(Listing Adjusted, USD)
= Value per Share (SEK) x Listing Adjustment Factor
= SEK 382.85 x 0.13744
$52.62
Value per share (USD) From above. $52.62
Current discount Discount to share price of $23.75
= -1 x ($23.75 - $52.62) / $52.62
54.9%

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

Current Discount
Amount off the current price BTS Group is available for.
Intrinsic value
>50%
Share price is $23.75 vs Future cash flow value of $52.62
Current Discount Checks
For BTS Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • BTS Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • BTS Group's share price is below the future cash flow value, and at a substantial discount (> 40%).
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's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are BTS Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:BGPB.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in SEK SEK7.84
OM:BTS B Share Price ** OM (2020-03-06) in SEK SEK172.8
United States of America Professional Services Industry PE Ratio Median Figure of 37 Publicly-Listed Professional Services Companies 12.12x
United States of America Market PE Ratio Median Figure of 2,947 Publicly-Listed Companies 12.21x

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

** Primary Listing of BTS Group.

OTCPK:BGPB.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OM:BTS B Share Price ÷ EPS (both in SEK)

= 172.8 ÷ 7.84

22.03x

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

  • BTS Group is overvalued based on earnings compared to the US Professional Services industry average.
  • BTS Group is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does BTS Group's expected growth come at a high price?
Raw Data
OTCPK:BGPB.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 22.03x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
14%per year
United States of America Professional Services Industry PEG Ratio Median Figure of 30 Publicly-Listed Professional Services Companies 1.24x
United States of America Market PEG Ratio Median Figure of 2,010 Publicly-Listed Companies 0.88x

*Line of best fit is calculated by linear regression .

OTCPK:BGPB.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 22.03x ÷ 14%

1.58x

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

  • BTS Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on BTS Group's assets?
Raw Data
OTCPK:BGPB.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in SEK SEK43.47
OM:BTS B Share Price * OM (2020-03-06) in SEK SEK172.8
United States of America Professional Services Industry PB Ratio Median Figure of 58 Publicly-Listed Professional Services Companies 1.7x
United States of America Market PB Ratio Median Figure of 5,146 Publicly-Listed Companies 1.2x
OTCPK:BGPB.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OM:BTS B Share Price ÷ Book Value per Share (both in SEK)

= 172.8 ÷ 43.47

3.98x

* Primary Listing of BTS Group.

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

  • BTS Group is overvalued based on assets compared to the US Professional Services industry average.
X
Value checks
We assess BTS Group'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 Professional Services 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 Professional Services industry average (and greater than 0)? (1 check)
  5. BTS Group has a total score of 2/6, 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.

BGPB.F Future Performance

 How is BTS Group expected to perform in the next 1 to 3 years based on estimates from 2 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
14%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is BTS Group expected to grow at an attractive rate?
  • BTS Group's earnings growth is expected to exceed the low risk savings rate of 1.7%.
Growth vs Market Checks
  • BTS Group's earnings growth is expected to exceed the United States of America market average.
  • BTS Group's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:BGPB.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:BGPB.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 14%
OTCPK:BGPB.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 10.1%
United States of America Professional Services Industry Earnings Growth Rate Market Cap Weighted Average 22.3%
United States of America Professional Services Industry Revenue Growth Rate Market Cap Weighted Average 5.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.4%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*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
OTCPK:BGPB.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in SEK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:BGPB.F Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 2,526 334 231 1
2021-12-31 2,336 267 205 2
2020-12-31 2,136 291 180 1
OTCPK:BGPB.F Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2019-12-31 1,865 218 151
2019-09-30 1,807 186 144
2019-06-30 1,725 169 138
2019-03-31 1,675 191 132
2018-12-31 1,598 158 126
2018-09-30 1,472 104 118
2018-06-30 1,364 40 112
2018-03-31 1,268 73 99
2017-12-31 1,243 98 98
2017-09-30 1,211 59 86
2017-06-30 1,207 111 84
2017-03-31 1,158 54 77

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • BTS Group's earnings are expected to grow by 14% yearly, however this is not considered high growth (20% yearly).
  • BTS Group's revenue is expected to grow by 10.1% yearly, however this is not considered high growth (20% yearly).
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
OTCPK:BGPB.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from BTS Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:BGPB.F Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 11.97 11.97 11.97 1.00
2021-12-31 10.63 10.69 10.57 2.00
2020-12-31 9.34 9.34 9.34 1.00
OTCPK:BGPB.F Past Financials Data
Date (Data in SEK Millions) EPS *
2019-12-31 7.84
2019-09-30 7.55
2019-06-30 7.24
2019-03-31 6.96
2018-12-31 6.67
2018-09-30 6.17
2018-06-30 5.91
2018-03-31 5.24
2017-12-31 5.20
2017-09-30 4.60
2017-06-30 4.49
2017-03-31 4.15

*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 is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess BTS Group'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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 has a total score of 4/6, 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.

BGPB.F Past Performance

  How has BTS Group 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's growth in the last year to its industry (Professional Services).
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's year on year earnings growth rate has been positive over the past 5 years.
  • BTS Group's 1-year earnings growth is less than its 5-year average (19.5% vs 20%)
  • BTS Group's earnings growth has exceeded the US Professional Services industry average in the past year (19.5% vs 13.1%).
Earnings and Revenue History
BTS Group'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 Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:BGPB.F Past Revenue, Cash Flow and Net Income Data
Date (Data in SEK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 1,865.50 150.75
2019-09-30 1,807.42 144.48 625.03
2019-06-30 1,725.09 137.69 625.03
2019-03-31 1,674.83 131.83 625.03
2018-12-31 1,598.40 126.13 625.03
2018-09-30 1,472.20 117.65 498.01
2018-06-30 1,363.59 112.32 498.01
2018-03-31 1,268.03 99.30 498.01
2017-12-31 1,242.59 98.13 498.01
2017-09-30 1,210.72 85.70 442.60
2017-06-30 1,207.18 83.81 442.60
2017-03-31 1,157.54 77.44 442.60
2016-12-31 1,107.64 73.82 442.60
2016-09-30 1,063.69 69.25 439.50
2016-06-30 1,047.08 67.70 439.50
2016-03-31 1,049.68 70.39 439.50
2015-12-31 1,043.90 72.55 439.50
2015-09-30 995.74 69.86 333.69
2015-06-30 936.40 67.27 333.69
2015-03-31 845.50 58.04 333.69
2014-12-31 781.45 56.09 333.69
2014-09-30 708.75 47.81 284.91
2014-06-30 684.18 46.29 284.91
2014-03-31 696.29 52.68 284.91
2013-12-31 688.23 47.84 284.91
2013-09-30 730.54 58.29 315.68
2013-06-30 744.23 57.47 315.68

*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 has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • BTS Group used its assets more efficiently than the US Professional Services industry average last year based on Return on Assets.
  • BTS Group has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess BTS Group'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 Professional Services 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 has a total score of 4/6, 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.

BGPB.F Health

 How is BTS Group'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's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • BTS Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • BTS Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of BTS Group'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 covered by short term assets, assets are 10.2x 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 Company Filings, last reported 3 months ago.

OTCPK:BGPB.F Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 839.68 100.02 316.39
2019-09-30 854.20 107.81 270.54
2019-06-30 785.60 105.91 199.99
2019-03-31 762.78 221.68 259.24
2018-12-31 704.20 130.40 262.36
2018-09-30 666.41 81.19 230.60
2018-06-30 651.63 80.63 157.82
2018-03-31 608.51 84.90 172.95
2017-12-31 580.56 150.16 199.88
2017-09-30 507.34 40.27 117.65
2017-06-30 505.14 24.84 107.31
2017-03-31 546.25 25.02 119.50
2016-12-31 543.09 64.09 135.43
2016-09-30 498.71 24.38 126.55
2016-06-30 473.07 16.96 65.45
2016-03-31 478.36 16.29 127.96
2015-12-31 483.26 0.00 139.55
2015-09-30 465.41 16.78 116.20
2015-06-30 448.32 16.49 88.75
2015-03-31 475.22 0.00 112.96
2014-12-31 434.51 0.00 114.29
2014-09-30 386.65 0.00 77.77
2014-06-30 353.30 0.00 45.41
2014-03-31 363.20 0.00 92.77
2013-12-31 355.78 0.00 108.83
2013-09-30 338.76 0.00 64.58
2013-06-30 343.68 0.00 45.81
  • BTS Group's level of debt (11.9%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if BTS Group's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (217.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 23.4x coverage).
X
Financial health checks
We assess BTS Group'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 has a total score of 5/6, 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.

BGPB.F Dividends

 What is BTS Group'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
2.43%
Current annual income from BTS Group dividends. Estimated to be 3.2% next year.
If you bought $2,000 of BTS Group shares you are expected to receive $49 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's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (2.07%).
  • BTS Group's dividend is below the markets top 25% of dividend payers in United States of America (5.82%).
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
OTCPK:BGPB.F 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 2 Analyst Estimates (S&P Global) See Below
United States of America Professional Services Industry Average Dividend Yield Market Cap Weighted Average of 21 Stocks 1.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1936 Stocks 3.1%
United States of America Minimum Threshold Dividend Yield 10th Percentile 1.1%
United States of America Bottom 25% Dividend Yield 25th Percentile 2.1%
United States of America Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

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

OTCPK:BGPB.F Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 6.30 1.00
2021-12-31 5.48 2.00
2020-12-31 4.90 1.00
OTCPK:BGPB.F Past Annualized Dividends Data
Date (Data in SEK) Dividend per share (annual) Avg. Yield (%)
2020-02-18 4.200 2.168
2019-04-15 3.600 1.848
2018-04-17 2.800 2.129
2017-05-12 2.500 2.715
2016-04-19 2.350 3.445
2016-02-12 2.350 3.179
2015-04-22 1.750 2.468
2015-02-12 1.750 2.440
2014-04-23 1.750 3.349
2014-02-13 1.750 3.155
2013-04-24 1.750 2.989
2013-02-19 1.750 2.554
2012-04-04 1.600 2.782
2011-03-01 1.500 2.806
2011-02-18 1.500 2.471
2010-01-15 1.200 2.495
2010-01-04 1.200 3.262

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of BTS Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.1x coverage).
X
Income/ dividend checks
We assess BTS Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. BTS Group has a total score of 5/6, see the detailed checks below.


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

BGPB.F Management

 What is the CEO of BTS Group'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
Henrik Ekelund
AGE 64
TENURE AS CEO 34.3 years
CEO Bio

Mr. Henrik Ekelund has been the Chief Executive Officer of BTS Group AB (publ) (Holding company of BTS USA Inc.) since 1986 and serves as its President. Mr. Ekelund founded BTS Group AB (publ) in 1986. He serves as Deputy to the Board of Universum Communications AB. Mr. Ekelund serves as an Acting Chairman of The Board at BTS USA Inc. He serves as a Member of Advisory Board at Prodapt Solutions Private Limited. He has been a Director of BTS Group AB (publ) since 1986. Mr. Ekelund has an extensive experience as board member and owners in growth companies, bl Jobline AB, way of present Publications AB, Strand-fastigheter AB (now the club AB) and universes AB. Mr. Ekelund holds an M.Sc. degree in Economics/Business school graduate from Handelshögskolan in Stockholm.

CEO Compensation
  • Henrik's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Henrik's remuneration is higher than average for companies of similar size in United States of America.
Management Team

Henrik Ekelund

TITLE
Founder
AGE
64
TENURE
34.3 yrs

Stefan Brown

TITLE
CFO & Executive VP
AGE
56

Michael Wallin

TITLE
Head of Investor Relations

Rommin Adl

TITLE
Executive VP & Head of Global Marketing
AGE
55

Stefan Hellberg

TITLE
Executive Vice President
AGE
62

Peter Mulford

TITLE
Executive VP & Head of Innovation Practice
AGE
51

Dan Parisi

TITLE
Executive Vice President
AGE
51

Todd Ehrlich

TITLE
Executive VP
AGE
51

Lou Schachter

TITLE
Executive VP & Global Head of the BTS Sales Practice
AGE
55

Steve Toomey

TITLE
Executive Vice President
AGE
56
Board of Directors Tenure

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

16.8
Average Tenure
63
Average Age
  • The average tenure for the BTS Group board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Reinhold Geijer

TITLE
Chairman
COMPENSATION
SEK425K
AGE
66
TENURE
4.3 yrs

Henrik Ekelund

TITLE
Founder
AGE
64
TENURE
34.3 yrs

Dag Sehlin

TITLE
Independent Director
COMPENSATION
SEK254K
AGE
74
TENURE
17.3 yrs

Stefan Gardefjord

TITLE
Independent Director
COMPENSATION
SEK254K
AGE
61
TENURE
17.3 yrs

Mariana Linder

TITLE
Independent Director
COMPENSATION
SEK194K
AGE
62
TENURE
16.3 yrs

Anna-Carin Agius

TITLE
Independent Director
COMPENSATION
SEK194K
AGE
56
TENURE
3.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by BTS Group individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
21. Feb 20 Buy Dag Sehlin Individual 21. Feb 20 21. Feb 20 16,000 $28.90 $462,392
X
Management checks
We assess BTS Group'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 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.

BGPB.F News

Simply Wall St News

BGPB.F Company Info

Description

BTS Group AB (publ) operates as a consulting and education firm in Sweden and internationally. The company operates through BTS North America, BTS Europe, BTS Other Markets, and APG segments. It offers a range of services that meet needs within strategy execution and talent development with services that monitor the employee from evaluation for selection and development, to strategic consensus and strategy implementation; leadership development programs; assessment solutions; and business acumen programs. The company also provides buyer-centric consulting, sales transformation, assessment, selection, and on-the-job execution tools; and digital solutions, events, and services, including customized cloud-based business simulations, and other immersive experiences and tools that could be delivered in a classroom. It serves customers in IT equipment and software, financial services, manufacturing, pharmaceuticals and biotech, fast-moving consumer goods, energy, telecommunications, professional services, and retail sectors. The company was founded in 1986 and is headquartered in Stockholm, Sweden.

Details
Name: BTS Group AB (publ)
BGPB.F
Exchange: OTCPK
Founded: 1986
SEK327,957,839
19,318,292
Website: http://www.bts.com
Address: BTS Group AB (publ)
Grevgatan 34,
Stockholm,
Stockholm County, 114 53,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM BTS B Series B Shares OMX Nordic Exchange Stockholm SE SEK 12. Jun 2001
OTCPK BGPB.F Series B Shares Pink Sheets LLC US USD 12. Jun 2001
LSE 0KGY Series B Shares London Stock Exchange GB SEK 12. Jun 2001
BATS-CHIXE BTSBS Series B Shares BATS 'Chi-X Europe' GB SEK 12. Jun 2001
Number of employees
Current staff
Staff numbers
832
BTS Group employees.
Industry
Human Resource and Employment Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/05 05:56
End of day share price update: 2020/03/06 00:00
Last estimates confirmation: 2020/03/13
Last earnings filing: 2020/02/18
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.