BTS Group Holdings PCL
SET:BTS
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P/OCF
Price to Operating Cash Flow (P/OCF) ratio compares a company`s market value to the cash it generates from its core operations.
Price to Operating Cash Flow (P/OCF) ratio compares a company`s market value to the cash it generates from its core operations.
Valuation Scenarios
If P/OCF returns to its 3-Year Average (1), the stock would be worth ฿2.38 (14% upside from current price).
| Scenario | P/OCF Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 0.9 | ฿2.08 |
0%
|
| 3-Year Average | 1 | ฿2.38 |
+14%
|
| Industry Average | 1.9 | ฿4.34 |
+109%
|
| Country Average | 6.6 | ฿15.05 |
+623%
|
Forward P/OCF
Today’s price vs future operating cash flow
Peer Comparison
| Market Cap | P/OCF | P/E | ||||
|---|---|---|---|---|---|---|
| TH |
B
|
BTS Group Holdings PCL
SET:BTS
|
33.5B THB | 0.9 | -28.6 | |
| US |
|
Union Pacific Corp
NYSE:UNP
|
149B USD | 16 | 20.9 | |
| US |
|
CSX Corp
NASDAQ:CSX
|
80.6B USD | 17.5 | 28 | |
| CA |
|
Canadian Pacific Railway Ltd
TSX:CP
|
98.6B CAD | 18.7 | 24 | |
| US |
|
Norfolk Southern Corp
NYSE:NSC
|
67.9B USD | 15.6 | 23.6 | |
| CA |
|
Canadian National Railway Co
TSX:CNR
|
91.5B CAD | 13.2 | 19.6 | |
| CN |
|
Beijing-Shanghai High Speed Railway Co Ltd
SSE:601816
|
241.2B CNY | 11.7 | 18.5 | |
| HK |
|
MTR Corp Ltd
HKEX:66
|
211.5B HKD | 12.7 | 14.4 | |
| US |
K
|
Kansas City Southern
LSE:0JQ4
|
4.2B USD | 3.8 | 43.3 | |
| JP |
|
Central Japan Railway Co
TSE:9022
|
4T JPY | 5.6 | 7.4 | |
| JP |
|
East Japan Railway Co
TSE:9020
|
3.9T JPY | 5.4 | 17.3 |
Market Distribution
| Min | 0.4 |
| 30th Percentile | 4.3 |
| Median | 6.6 |
| 70th Percentile | 9.7 |
| Max | 13 115.6 |
Other Multiples
BTS Group Holdings PCL
Glance View
BTS Group Holdings PCL, based in Bangkok, began as a beacon of urban transformation when it launched the city's first elevated rail system, the BTS Skytrain, in 1999. The vision was to provide a sustainable solution to the city's relentless traffic woes, and over the years, its tracks have become arteries of mobility for millions. This infrastructural innovation formed the core of the company’s Transport Business, which consistently generates substantial revenue through ticket sales and government concessions. This success is augmented by strategic investments and partnerships in public transport sectors, which have allowed BTS Group to cement its status as a pioneer in urban mass transit solutions across Thailand. Additionally, the Group optimizes passenger flow through advertising and communication channels on its trains and stations, creating a symbiotic approach to revenue generation. But BTS Group is much more than just trains. The company has astutely expanded its horizons with a diversified business model. It holds a robust presence in the Media segment through its subsidiary, VGI Global Media, which capitalizes on the advertising spaces within the transit network, turning passengers into a captive audience for marketers. This stream complements its growing pursuit of real estate, where it acquires strategic properties along its transit lines, enhancing their value and utility. Additionally, BTS Group has ventured into various digital services and partnership-driven investments, recognizing the potential in coupling technology with everyday transactions. This diversification ensures that while trains may have transported the company to its present stature, it’s the strategic layering across sectors that fuels its journey forward.