Bti.Ax
BTI.AX operates in the investment management and fund operations sector, generating revenue primarily through asset management fees and investment income.
Business. BTI.AX is an investment management and fund operator classified within the Banking & Investment Services sector. The company generates revenue primarily through a fee-income model, with key performance indicators including total assets under management, organic net flows, and average fee rates. Specific details regarding operating segments, headquarters location, and primary stock exchange listings are not available in the provided data. Consequently, the business is described at the industry level without geographic or segment-specific breakdowns.
Analyst recommendations
5 analysts · consensus BuyAt a glance
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
News & coverage
0Sector rotation
Developing storylines
Analysis
AI analysisOpportunity
Upcoming catalysts
Scheduled public events. Informational only — not investment advice.
- Company
- EarningsQ3 2026 earnings (expected)2026-10-28 · estimated
- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
- Congressional trades
- CongressLisa McClain — British American Tobacco Industries,2025-09-25 · Republican · MI · Sale · $1,001 - $15,000
- CongressLisa McClain — British American Tobacco Industries,2025-08-04 · Republican · MI · Purchase · $1,001 - $15,000
- CongressLisa McClain — British American Tobacco Industries,2025-06-24 · Republican · MI · Sale · $1,001 - $15,000
- CongressLisa McClain — British American Tobacco Industries,2025-06-17 · Republican · MI · Purchase · $1,001 - $15,000
- CongressVirginia Foxx — British American Tobacco Industries,2022-11-02 · Republican · NC · Sale · $50,001 - $100,000
- CongressVirginia Foxx — British American Tobacco Industries,2022-08-23 · Republican · NC · Purchase · $1,001 - $15,000
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
BTI.AX is an investment management and fund operator classified within the Banking & Investment Services sector. The company generates revenue primarily through a fee-income model, with key performance indicators including total assets under management, organic net flows, and average fee rates. Specific details regarding operating segments, headquarters location, and primary stock exchange listings are not available in the provided data. Consequently, the business is described at the industry level without geographic or segment-specific breakdowns.
BTI.AX has a market price of $0.93 and a market capitalization of $140.61 million, with a price-to-earnings ratio of 7.3 and a price-to-book ratio of 0.58. The company's liquidity position is strong, as evidenced by a current ratio of 10.91, indicating a high level of short-term liquidity relative to its liabilities. The company has no long-term debt, and its debt-to-equity ratio is 0.0, suggesting a conservative capital structure.
In terms of profitability, BTI.AX reports a return on equity (ROE) of 7.88% and a return on assets (ROA) of 6.86%. These figures are below the industry median for ROE and ROA, which typically exceed 10% and 8%, respectively, for firms in the investment management sector. The company's net income of $19.25 million is supported by an operating income of $27.07 million, but its operating cash flow is negative at -$18.38 million, indicating potential challenges in converting operations into cash.
The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification in the provided data. This lack of diversification may expose the company to higher risk if market conditions in its primary operating region deteriorate.
Looking ahead, the company's growth trajectory is uncertain due to the absence of forward-looking guidance in the provided data. However, the company's revenue of $39.65 million and gross profit of $39.09 million suggest a stable core business. The negative operating cash flow may signal the need for improved operational efficiency or external financing to support growth.
The risk assessment indicates low liquidity and dilution risk, with no immediate filing-based flags detected. The company's capital structure is currently free of dilution pressures, and its low debt levels reduce the risk of financial distress. However, the negative operating cash flow could become a concern if it persists, potentially leading to liquidity constraints.
Recent events, as reflected in the latest financial data, show a stable revenue and profit profile, but the negative operating cash flow is a red flag that requires further investigation. The company has not disclosed any significant recent filings or transcripts that would indicate strategic shifts or operational changes.
- BTI.AX has a strong liquidity position with a current ratio of 10.91 and no long-term debt.
- The company's ROE and ROA are below industry medians, indicating room for improvement in profitability.
- Revenue is concentrated in a single segment, with no geographic diversification disclosed.
- Negative operating cash flow is a concern and may require operational or financial adjustments.
- The company faces low liquidity and dilution risk, with no immediate filing-based flags detected.
Bull / Bear case
Generated · model-assistedIn focus — financials by report
Valuation
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
Options
Short squeeze
Earnings-call key lines
Estimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- No immediate filing-based liquidity or dilution flags were detected.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
Derivative transactions
- 10% owner · Convertible Debenture → Common SharesAcquired 95 281 277 @ $0,68purchase · 2026-05-28
- 10% owner · Convertible Debenture → Common SharesDisposed 37 670 540 @ $1,45expire · 2026-05-28
- 10% owner · Convertible Debenture → Common SharesDisposed 95 281 277 @ $0,68conversion · 2026-05-28
Actions
Ask Handelsavisen
- Market data
- Market data cache
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Return On Equitynet_income / total_equity
- Price To Earningsmarket_price / (net_income / shares_outstanding_diluted)
- Price To Bookmarket_price / (adjusted_book_value / shares_outstanding_diluted)
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Market Priceinput from market-data provider (delayed close or quote-shim mid)
- Market Capmarket_price * shares_outstanding_diluted
- BTI.AX Market data — financials · 2026-05-27
Ownership & reference
Top holders
- Investment Managers · as of 2026-03-310,67 %$2 853M
- Institutional Investor · as of 2026-03-310,11 %$2 145M
- Institutional Investor · as of 2026-03-310,11 %$225M
- Brokerage Firms · as of 2026-03-310,07 %$222M
- Brokerage Firms · as of 2026-03-310,05 %$272M
- Investment Managers · as of 2026-03-310,04 %$140M
- Investment Managers · as of 2026-03-310,03 %$46M
- Investment Managers · as of 2026-03-310,03 %$224M
- Investment Managers · as of 2026-03-310,02 %$167M
- Investment Managers · as of 2026-03-310,02 %$304M
- Investment Managers · as of 2024-06-300,01 %$620M
- Institutional Investor · as of 2026-03-310,01 %$40M
- Investment Managers · as of 2026-03-310,01 %$58M
- Investment Managers · as of 2026-03-310,01 %$45M
- Investment Managers · as of 2026-03-310,01 %$15M
- Funds · as of 2026-03-310,00 %$29M
- Institutional Investor · as of 2026-03-310,00 %$19M
- Investment Managers · as of 2026-03-310,00 %$21M
- Investment Managers · as of 2026-03-310,00 %$5M
- Investment Managers · as of 2026-03-310,00 %$13M
- Institutional Investor · as of 2026-03-310,00 %$11M
- Investment Managers · as of 2026-03-310,00 %$3M
- Investment Managers · as of 2026-03-310,00 %$44M
- Investment Managers · as of 2026-03-310,00 %$4M
- Investment Managers · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$1M
- Institutional Investor · as of 2026-03-310,00 %$0M
- Institutional Investor · as of 2026-03-310,00 %$0M
Insider activity
- 10% owner · Common SharesOther 14 662 765 @ $0,68$10,0M · 2026-05-28
- 10% owner · Common SharesOther 95 281 277 @ $0,68$64,8M · 2026-05-28
Short positioning
Geographic breakdown
Intel & risk
Evidence & claims
From filings & derived data- R&D expense (YoY) (2025-12-31 vs 2024-12-31): -5.8%Derived (calculated)
- Capex (YoY) (2025-12-31 vs 2024-12-31): 13.4%Derived (calculated)
- EPS (diluted) (YoY) (2025-12-31 vs 2024-12-31): 156.7%Derived (calculated)
- Long-term debt (YoY) (2025-12-31 vs 2024-12-31): -2.8%Derived (calculated)
- EPS (basic) (YoY) (2025-12-31 vs 2024-12-31): 156.8%Derived (calculated)
- Return on assets (FY 2025-12-31): 7.1%Derived (calculated)
- Shareholders' equity (YoY) (2025-12-31 vs 2024-12-31): -3.7%Derived (calculated)
- Cash & equivalents (YoY) (2025-12-31 vs 2024-12-31): -27.8%Derived (calculated)
- Operating cash flow (YoY) (2025-12-31 vs 2024-12-31): -37.4%Derived (calculated)
- Current ratio (FY 2025-12-31): 0.87xDerived (calculated)
- Total assets (YoY) (2025-12-31 vs 2024-12-31): -8.1%Derived (calculated)
- Operating income (YoY) (2025-12-31 vs 2024-12-31): 265.4%Derived (calculated)
- Return on equity (FY 2025-12-31): 16.1%Derived (calculated)
- Revenue (YoY) (2025-12-31 vs 2024-12-31): -1.0%Derived (calculated)
- Net income (YoY) (2025-12-31 vs 2024-12-31): 144.1%Derived (calculated)
- Net margin (FY 2025-12-31): 30.3%Derived (calculated)
- Interest expense (annual): GBP 2.03BSEC XBRL filing
- Current assets (annual): GBP 12.68BSEC XBRL filing
- Revenue (annual): GBP 25.61BSEC XBRL filing
- Current liabilities (annual): GBP 14.52BSEC XBRL filing
- Total assets (annual): GBP 109.29BSEC XBRL filing
- Non current liabilities (annual): GBP 46.62BSEC XBRL filing
- Capex (annual): GBP 551MSEC XBRL filing
- Operating income (annual): GBP 10BSEC XBRL filing