| Valuation method | Value, £ | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 9.40 | -93 |
| Intrinsic value (DCF) | 111.55 | -14 |
| Graham-Dodd Method | 2.70 | -98 |
| Graham Formula | 19.60 | -85 |
BTS Group AB (publ) is a Stockholm-based professional services firm specializing in strategy execution, leadership development, and human-centric consulting. Founded in 1986, BTS operates globally through segments including BTS North America, BTS Europe, BTS Other Markets, and APG. The company provides a comprehensive suite of services such as business acumen development, sales transformation, digital solutions, talent acquisition, and executive coaching. BTS serves a diverse clientele seeking to enhance organizational performance and leadership capabilities. Listed on the London Stock Exchange (LSE), BTS is a key player in the Specialty Business Services sector within Industrials, leveraging its expertise to drive measurable business outcomes for clients worldwide. With a market capitalization of approximately SEK 4.2 billion, BTS combines deep industry knowledge with innovative solutions to maintain its competitive edge.
BTS Group presents a compelling investment case with its strong revenue growth (SEK 2.8 billion in FY 2024) and solid profitability (net income of SEK 386 million). The company's diversified service offerings and global footprint mitigate regional risks, while its focus on high-margin consulting and leadership development ensures steady cash flows (operating cash flow of SEK 386 million). However, investors should note the competitive nature of the professional services industry and BTS's moderate debt levels (SEK 589 million). The dividend yield, supported by a SEK 5.9 per share payout, adds appeal for income-focused investors. With a beta of 1.014, BTS exhibits market-aligned volatility, making it a balanced choice for growth and income portfolios.
BTS Group differentiates itself through a unique blend of strategy execution and leadership development services, positioning it as a niche player in the professional services market. Unlike traditional consulting firms, BTS emphasizes experiential learning and human-centric solutions, which enhance client engagement and retention. Its global presence across North America, Europe, and other markets provides scalability, while the APG segment focuses on high-growth opportunities. Competitively, BTS's strength lies in its integrated service model, combining assessment, coaching, and digital tools to deliver measurable outcomes. However, the firm faces pressure from larger consultancies with broader resources and brand recognition. BTS's ability to innovate—particularly in digital solutions—will be critical to maintaining its edge. The company’s financial health (SEK 703 million in cash) supports R&D and strategic acquisitions, but it must continuously adapt to shifting corporate training demands to sustain growth.