In this equity report, analysts Oscar Johannesson and Panu Pikkanen evaluate BTS group. If you want to get in touch with the analysts, please send an email to analysgruppen@linclund.com. Please click on the picture below in order to access the full report.

Aggressive Acquisition History – Coach in a Box & MTAC Acquired during Q4. BTS recently acquired the British company Coach in a Box and the German based consultancy firm MTAC GmbH. These acquisitions are expected to drive up revenue with approximately 12% in 2018.

Expected Higher Profit Margin in 2018 – U.S. Congress Passing G.O.P. Tax Bill. BTS generate about half of its total sales in the U.S. In December, the U.S. Congress passed a new Tax Bill cutting the corporate tax rate from 35% to 21%. This new tax reform is expected to have a significant positive impact on BTS future earnings.

Strong Annual Growth – BTS Expected to Take Additional Market Shares. BTS has experienced an average growth of 11% over the past ten years, which almost is three times as fast as the market.

Probability Weighted DCF Implies up to 51% Upside. Combining bull, base and bear scenarios implies an upside of 50,74% to the current price even with fairly conservative assumptions, revealing healthy potential for return.

BTS.20180128.vF Front