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Major Chinese hotel operator running economy-to-midscale hotel brands plus scenic-area tourism assets.
Major Chinese hotel operator running economy-to-midscale hotel brands plus scenic-area tourism assets.
Earns room income from hotels it operates directly and fees from franchisees using its brands, with the franchise route needing little capital. Hotel profit depends on occupancy and average room rate, which move with business and leisure travel.
In one line: A large Chinese hotel chain akin to a scaled Choice Hotels.
Moat: narrow (brand, scale). Large hotel-room network and recognized brands versus smaller regional chains.
Headquarters: Beijing, China · Employees: 12,433
Size BTG Hotels (Group) Co Ltd Shs -A- (600258.SS) is a China Consumer Discretionary company (Hotels/Resorts/Cruise lines) with a market value of $2.25B, the 1134th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥13.52 on 6 Nov 2026.
Performance Over six months the shares fell 13.6%, against +1.2% for the median peer and -16.4% for the China market (cap-weighted) — 5th lowest of 21 in its peer set.
Growth Revenue fell 3.2% over the last twelve months (peer median +6.5%); the operating margin is 18.3% (peer median 13.8%).
Valuation It trades at 17.0× forward earnings against a peer median of 18.4× (8th cheapest of 17).
Price implies For today's price to make sense, revenue must grow about -11% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is -19 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 6.0 points above its cost of capital (5.6% WACC).
Next results Next results expected around 26 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥7.40B | CN¥7.59B | CN¥7.73B | CN¥7.77B | CN¥5.08B |
| Revenue growth | — | -2% | -1% | +53% | — |
| Gross profit | CN¥4.31B | CN¥2.85B | CN¥2.81B | CN¥2.81B | CN¥660M |
| EBITDA | n/a | CN¥3.36B | CN¥3.52B | CN¥3.68B | CN¥2.00B |
| Net income | CN¥878M | CN¥811M | CN¥806M | CN¥795M | -CN¥577M |
| Free cash flow | CN¥2.80B | CN¥2.93B | CN¥2.85B | CN¥3.44B | CN¥876M |
| Capital expenditure | CN¥435M | CN¥433M | CN¥564M | CN¥634M | CN¥655M |
| Total debt | CN¥7.48B | CN¥8.48B | CN¥9.23B | CN¥10.1B | CN¥11.1B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| BTG Hotels (Group) Co Ltd Shs -A- 600258.SS | $2.25B | -14% | -3% | 18% | 17.0× | -11.1% |
| Shanghai Jin Jiang International Hotels 600754.SS | $3.18B | -16% | +5% | 14% | 19.5× | -8.1% |
| H World 1179.HK | $15.3B | +3% | +13% | 27% | 18.8× | 6.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 600258.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +25.9% | +7.4% | highest of 21 |
| 6-month return | -13.6% | +1.2% | 5th lowest of 21 |
| Distance from 52-week high | -25.8% | -15.0% | 4th lowest of 21 |
| Revenue growth (TTM) | -3.2% | +6.5% | 3rd lowest of 21 |
| Operating margin | 18.3% | 13.8% | 9th highest of 21 |
| Forward P/E | 17.0× | 18.4× | 8th cheapest of 17 |
| Growth the price implies (Req g, 7 yrs) | -11.1% | 5.0% | least demanding of 19 |
| Growth delivered (Del g) | +7.6% | +22.4% | 2nd lowest of 19 |
| Hurdle (Req g minus delivered) | -18.7 pp | -20.6 pp | 9th most demanding of 19 |
| ROIC minus cost of capital | +6.0 pp | -0.7 pp | 4th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| BTG Hotels (Group) Co Ltd Shs -A- 600258.SS | China | $2.25B | -14% | -3% | 18% | 17.0× | -11.1% | +7.6% |
| Lindblad Expeditions LIND | United States | $2.23B | +61% | +17% | 8% | 89.0× | 33.0% | +56.4% |
| Scandic Hotels SHOT.ST | Sweden | $2.29B | +16% | +3% | 13% | 17.2× | 3.2% | +24.4% |
| Hbx Group International HBX.MC | Spain | $2.19B | +29% | +4% | 38% | 9.6× | -4.2% | +18.4% |
| Resorttrust 4681.T | Japan | $2.36B | -1% | +8% | 12% | 16.4× | -6.4% | +9.4% |
| Leela Palaces Hotels & Resorts THELEELA.NS | India | $2.45B | +65% | +17% | 42% | 43.7× | n/a | n/a |
| Hotel Properties H15.SI | Singapore | $2.07B | +11% | +2% | 7% | n/a | n/a | n/a |
| EIH EIHOTEL.NS | India | $2.07B | -7% | +8% | 29% | 23.2× | 28.9% | +42.9% |
| Kyoritsu Maintenance 9616.T | Japan | $2.00B | +47% | +20% | 9% | 16.7× | 2.3% | +17.8% |
| Monarch Casino & Resort MCRI | United States | $1.92B | -8% | +5% | 27% | 15.6× | 6.7% | +24.2% |
| Melia Hotels International MEL.MC | Spain | $2.67B | -10% | +5% | 13% | 15.2× | 7.3% | +31.5% |
| Chalet Hotels CHALET.NS | India | $1.88B | +2% | -17% | 34% | 28.1× | 24.1% | +57.5% |
| Shangri-La Asia 0069.HK | Hong Kong | $1.87B | -9% | +5% | 35% | 10.6× | -8.7% | +16.8% |
| Melco Resorts & Entertainment Ltd. Sponsored ADR MLCO | United States | $1.79B | -16% | +6% | 12% | 7.5× | -6.2% | +24.5% |
| Guoco 0053.HK | Hong Kong | $2.90B | 0% | -11% | 13% | n/a | -3.9% | +16.0% |
| Shanghai Jin Jiang International Hotels 600754.SS | China | $3.18B | -16% | +5% | 14% | 19.5× | -8.1% | +6.9% |
| SkiStar SKIS-B.ST | Sweden | $1.58B | +27% | +7% | 17% | 21.3× | 8.4% | +12.5% |
| Great Eagle 0041.HK | Hong Kong | $1.37B | -24% | +75% | 12% | n/a | -0.9% | +13.8% |
| Ventive Hospitality VENTIVE.NS | India | $1.34B | -17% | +15% | 29% | 26.2× | 29.9% | +78.5% |
| ITC Hotels ITCHOTELS.NS | India | $3.85B | +5% | +65% | 25% | 34.6× | 37.0% | +64.8% |
| Monte-Carlo Societe des Bains de Mer BAIN.PA | France | $4.06B | +9% | +12% | 9% | n/a | 24.2% | +20.7% |