BTS Group (BTS) Fair Value & Analysis
Industrials · TH · Market cap 32.5B THB
Fair value as of: Jun 24, 2026
From 23 valuation models · updated 6 days ago
Fair value updated Jun 24, 2026 — revised from 5.82 THB to 2.75 THB (−52.7%) since Jun 23, 2026. Share price +2.9% over the past month.
Price vs Fair Value (12 months)
12‑month range 1.93 THB – 4.16 THB · fair‑value band 2.75 THB – 3.45 THB · the 2.04 THB price screens below the 2.75 THB fair value. As of Jun 24, 2026.
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BTS Group (BTS) currently trades at 2.04 THB, while our model-based Fair Value estimate is 2.75 THB — implying the stock looks roughly 34.8% undervalued today. We read business quality at 80/100 (high quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium) — always confirm before acting.
Over the trailing twelve months, BTS Group generated revenue of 23.4B THB at a net margin of -4.9%. Revenue grew 3.9% year over year. It earns a return on equity of -2.4%. Net debt stands at 149B THB. Fundamentals as of Jun 24, 2026
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.
About the company
BTS Group Holdings Public Company Limited engages in mass transportation, marketing, and other businesses in Thailand. It operates in three segments: Move, Mix, and Match. The Move segment operates and maintains BTS Sky Train system; constructs, installs, operates, and maintains electric rails; and provides train procurement services and other related, and bus rapid transit services. Its Mix segment offers marketing solutions through offline and online media; advertising, digital, and sales services; system installation and integration services; and insurance brokerage services for offline and online distribution channels, as well as services related to rabbit card. The Match segment offers investment in various businesses, such as hotel business, rental business, management business real estate for sale business, insurance business, asset management business restaurants operations, construction service business, golf course services, system installation service business, and other …
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
BTS Group reported revenue of 18.1B THB in FY2025 versus 34.7B THB in FY2021, a compound −15.0%/yr. Reported net income was 2.1B THB in FY2025, compounding −17.5%/yr from FY2021.
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.
Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.