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 4,465 - -
Change - -47.47% 37.3% -31.48% 40.45% -18.86% - -
Enterprise Value (EV) 1 7,844 4,309 5,794 3,861 5,598 4,452 4,333 4,143
Change - -45.06% 34.45% -33.36% 44.98% -20.47% -2.67% -4.4%
P/E 34.2x 16.6x 21.5x 15.9x 24x 17.9x 16.4x 15.1x
PBR 5.86x 2.71x 3.28x 2.05x 2.68x 2.02x 1.87x 1.73x
PEG - 2.04x 3.57x -2.1x -3.6x 2.09x 1.78x 1.73x
Capitalization / Revenue 1.27x 0.69x 0.89x 0.62x 0.86x 0.64x 0.61x 0.57x
EV / Revenue 1.26x 0.71x 0.9x 0.61x 0.87x 0.64x 0.59x 0.53x
EV / EBITDA 18.3x 9.22x 11.4x 7.85x 11.3x 8.33x 7.54x 6.73x
EV / EBIT 24.1x 12.1x 15.2x 11x 16.7x 12.2x 10.8x 9.58x
EV / FCF 44.3x 69.1x 15.5x 8.22x 33.2x 22.1x 16.7x 14.6x
FCF Yield 2.26% 1.45% 6.47% 12.2% 3.01% 4.52% 5.97% 6.85%
Dividend per Share 2 0.55 0.65 0.7 0.7 0.7 0.741 0.793 0.83
Rate of return 0.87% 1.97% 1.54% 2.25% 1.6% 2.09% 2.24% 2.34%
EPS 2 1.84 1.99 2.11 1.95 1.82 1.976 2.157 2.345
Distribution rate 29.9% 32.7% 33.2% 35.9% 38.5% 37.5% 36.8% 35.4%
Net sales 1 6,246 6,028 6,423 6,306 6,406 6,936 7,371 7,807
EBITDA 1 428.7 467.5 508.9 491.6 494.6 534.5 575 615.6
EBIT 1 325.7 355.4 382.3 351.3 335.3 365.8 400.4 432.5
Net income 1 231.4 251.1 265.5 245.5 229.2 249.6 272.1 293.3
Net Debt 1 -86.27 143.7 74.76 -57.66 93.86 -13.58 -132.5 -322.9
Reference price 2 62.94 33.06 45.39 31.10 43.68 35.44 35.44 35.44
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.($)
24.39x3.94x13.76x2.72% 234B
14.33x1.58x8.32x3.34% 118B
-126.64x17.65x97.86x-.--% 114B
14.57x2.66x10.03x5.64% 84.9B
19.8x5.24x12.86x2.87% 59.74B
22.17x1.82x11.31x1.32% 44.12B
14.12x2.05x8.68x5.52% 45.47B
20.98x1.59x10.13x0.9% 41B
17.28x2.18x10.43x5.06% 35.36B
Average 2.33x 4.30x 20.38x 3.04% 86.31B
Weighted average by Cap. -1.93x 5.11x 24.00x 2.84%

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

LAST HOURS | 40% Discount: The Best Subscriber-Only Tools to Unlock Hidden Opportunities!
d
:
:
SEIZE THE OFFER!