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Employees: 1,139
Size BTS (BTS-B.ST) is a Sweden Industrials company (Miscellaneous Commercial Services) with a market value of $527M, the 172nd largest of 221 Sweden companies the cockpit tracks. Shares closed at SEK 266.00 on 6 Nov 2026.
Performance Over six months the shares gained 75.7%, against -4.4% for the median peer and +8.2% for the Sweden market (cap-weighted) — highest of 21 in its peer set.
Growth Revenue fell 4.1% over the last twelve months (peer median +11.3%); the operating margin is 8.0% (peer median 12.7%).
Valuation It trades at 25.6× forward earnings against a peer median of 14.5× (2nd most expensive of 15).
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 +13%, so the hurdle is -2 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 3.1 points above its cost of capital (7.0% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | SEK 2.70B | SEK 2.70B | SEK 2.80B | SEK 2.68B | SEK 2.53B |
| Revenue growth | — | -4% | +4% | +6% | — |
| Gross profit | SEK 216M | SEK 200M | SEK 298M | SEK 288M | SEK 303M |
| EBITDA | SEK 354M | SEK 343M | SEK 439M | SEK 422M | SEK 420M |
| Net income | SEK 95.1M | SEK 134M | SEK 386M | SEK 215M | SEK 198M |
| Free cash flow | SEK 224M | SEK 200M | SEK 376M | SEK 156M | SEK 178M |
| Capital expenditure | SEK 21.5M | SEK 54.1M | SEK 33.8M | SEK 40.2M | SEK 60.2M |
| Total debt | SEK 607M | SEK 712M | SEK 589M | SEK 450M | SEK 361M |
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.
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 | BTS-B.ST | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +20.4% | -2.5% | highest of 21 |
| 6-month return | +75.7% | -4.4% | highest of 21 |
| Distance from 52-week high | -4.7% | -27.8% | highest of 21 |
| Revenue growth (TTM) | -4.1% | +11.3% | 2nd lowest of 21 |
| Operating margin | 8.0% | 12.7% | 8th lowest of 21 |
| Forward P/E | 25.6× | 14.5× | 2nd most expensive of 15 |
| Growth the price implies (Req g, 7 yrs) | 10.7% | -3.3% | 3rd most demanding of 14 |
| Growth delivered (Del g) | +13.0% | +11.8% | 7th highest of 14 |
| Hurdle (Req g minus delivered) | -2.4 pp | -11.7 pp | 3rd most demanding of 14 |
| ROIC minus cost of capital | +3.1 pp | +0.4 pp | 8th highest of 21 |
| EV / EBITDA | 15.1× | 7.8× | 3rd most expensive of 12 |
| Net debt / EBITDA | 0.5× | 0.7× | 7th least indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| BTS BTS-B.ST | Sweden | $527M | +76% | -4% | 8% | 25.6× | 10.7% | +13.0% |
| Nippon Parking Development 2353.T | Japan | $527M | +8% | +11% | 21% | 13.8× | -7.8% | +11.3% |
| Ocumension Therapeutics 1477.HK | Hong Kong | $525M | -29% | +78% | -13% | n/a | n/a | n/a |
| Posti POSTI.HE | Finland | $529M | +31% | 0% | 5% | 13.2× | -5.4% | -1.4% |
| Academy of Environmental Planning & Design Co., Ltd. Nanjing University 300864.SZ | China | $531M | 0% | +5% | 18% | n/a | 9.3% | +10.6% |
| Sporton International 6146.TWO | Taiwan | $531M | -24% | +8% | 30% | 13.6× | -6.6% | +5.0% |
| Guangdong Brandmax Marketing 300805.SZ | China | $533M | -19% | +13% | 1% | n/a | n/a | n/a |
| Restore RST.L | United Kingdom | $534M | +14% | +8% | 13% | 11.3× | 5.5% | +10.8% |
| Weathernews 4825.T | Japan | $534M | -11% | +5% | 21% | 19.7× | 3.4% | +5.4% |
| Prestige International 4290.T | Japan | $518M | -4% | +10% | 13% | 13.4× | -12.4% | +11.8% |
| TKP 3479.T | Japan | $538M | +18% | +51% | 9% | 15.7× | -3.3% | +21.5% |
| adesso ADN1.DE | Germany | $513M | +31% | +13% | 4% | 16.8× | 2.1% | +22.9% |
| Western Regions Tourism Development 300859.SZ | China | $513M | -30% | -13% | 15% | 25.4× | 38.8% | +44.7% |
| Pony Testing 300887.SZ | China | $513M | -35% | -2% | -12% | 31.4× | n/a | n/a |
| Diversified Royalty DIV.TO | Canada | $507M | -6% | +15% | 86% | 17.7× | 13.0% | +18.3% |
| Zhejiang Zoenn Design 300901.SZ | China | $549M | -5% | +53% | 10% | n/a | n/a | n/a |
| Italian Exhibition IEG.MI | Italy | $505M | +14% | +4% | 18% | 13.2× | -4.8% | +28.4% |
| MHA MHA.L | United Kingdom | $504M | -4% | +12% | 15% | 11.7× | -15.0% | +30.6% |
| Shanghai Model Organisms Center 688265.SS | China | $503M | +7% | +14% | -1% | n/a | n/a | n/a |
| Xuanzhu Biopharmaceutical 2575.HK | Hong Kong | $553M | -59% | +237% | -187% | n/a | n/a | n/a |
| Qingdao Paguld Intelligent Manufacturing 301456.SZ | China | $555M | -26% | +29% | 13% | 15.1× | n/a | n/a |