Company Valuation: Bechtle AG

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 7,930 4,166 5,719 3,919 5,504 3,851 - -
Change - -47.47% 37.3% -31.48% 40.45% -30.04% - -
Enterprise Value (EV) 1 7,844 4,309 5,794 3,861 5,598 3,691 3,533 3,295
Change - -45.06% 34.45% -33.36% 44.98% -34.07% -4.28% -6.72%
P/E 34.2x 16.6x 21.5x 15.9x 24x 16x 14.7x 13.7x
PBR 5.86x 2.71x 3.28x 2.05x 2.68x 1.74x 1.62x 1.5x
PEG - 2.04x 3.57x -2.1x -3.6x 3.3x 1.63x 1.88x
Capitalization / Revenue 1.27x 0.69x 0.89x 0.62x 0.86x 0.57x 0.54x 0.51x
EV / Revenue 1.26x 0.71x 0.9x 0.61x 0.87x 0.55x 0.5x 0.44x
EV / EBITDA 18.3x 9.22x 11.4x 7.85x 11.3x 7.16x 6.4x 5.63x
EV / EBIT 24.1x 12.1x 15.2x 11x 16.7x 10.5x 9.26x 8x
EV / FCF 44.3x 69.1x 15.5x 8.22x 33.2x 16.3x 14.5x 12.1x
FCF Yield 2.26% 1.45% 6.47% 12.2% 3.01% 6.12% 6.89% 8.25%
Dividend per Share 2 0.55 0.65 0.7 0.7 0.7 0.7446 0.8031 0.8375
Rate of return 0.87% 1.97% 1.54% 2.25% 1.6% 2.44% 2.63% 2.74%
EPS 2 1.84 1.99 2.11 1.95 1.82 1.908 2.08 2.232
Distribution rate 29.9% 32.7% 33.2% 35.9% 38.5% 39% 38.6% 37.5%
Net sales 1 6,246 6,028 6,423 6,306 6,406 6,720 7,106 7,522
EBITDA 1 428.7 467.5 508.9 491.6 494.6 515.1 551.7 585.6
EBIT 1 325.7 355.4 382.3 351.3 335.3 350.2 381.5 411.8
Net income 1 231.4 251.1 265.5 245.5 229.2 239.6 260.8 276.7
Net Debt 1 -86.27 143.7 74.76 -57.66 93.86 -160 -317.8 -555.3
Reference price 2 62.94 33.06 45.39 31.10 43.68 30.56 30.56 30.56
Nbr of stocks (in thousands) 126,000 126,000 126,000 126,000 126,000 126,000 - -
Announcement Date 3/18/22 3/17/23 3/15/24 3/13/25 3/19/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
27.94x4.49x15.67x2.35% 270B
-91.57x14.47x83.76x-.--% 90.62B
10.05x1.1x5.78x4.8% 82.75B
13.41x2.45x9.24x6.13% 78.49B
19x5.01x12.36x2.99% 57.15B
13.87x2.02x8.48x5.61% 45.32B
19.09x1.53x9.63x1.5% 35.95B
20.08x1.48x9.43x0.99% 35.58B
15.86x2.03x9.43x5.45% 33.03B
Average 5.30x 3.84x 18.20x 3.31% 81.02B
Weighted average by Cap. 6.55x 4.61x 20.73x 3.03%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield