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 3,863 - -
Change - -47.47% 37.3% -31.48% 40.45% -29.81% - -
Enterprise Value (EV) 1 7,844 4,309 5,794 3,861 5,598 3,703 3,403 3,393
Change - -45.06% 34.45% -33.36% 44.98% -33.84% -8.1% -0.29%
P/E Ratio 34.2x 16.6x 21.5x 15.9x 24x 16.1x 14.7x 13.7x
PBR 5.86x 2.71x 3.28x 2.05x 2.68x 1.75x 1.62x 1.51x
PEG - 2.04x 3.57x -2.1x -3.6x 3.55x 1.54x 1.92x
Capitalization / Revenue 1.27x 0.69x 0.89x 0.62x 0.86x 0.58x 0.55x 0.52x
EV / Revenue 1.26x 0.71x 0.9x 0.61x 0.87x 0.55x 0.48x 0.45x
EV / EBITDA 18.3x 9.22x 11.4x 7.85x 11.3x 7.27x 6.28x 5.9x
EV / EBIT 24.1x 12.1x 15.2x 11x 16.7x 10.6x 9x 8.26x
EV / FCF 44.3x 69.1x 15.5x 8.22x 33.2x 16x 13.9x 12.4x
FCF Yield 2.26% 1.45% 6.47% 12.2% 3.01% 6.25% 7.18% 8.05%
Dividend per Share 2 0.55 0.65 0.7 0.7 0.7 0.7446 0.7859 0.8375
Rate of return 0.87% 1.97% 1.54% 2.25% 1.6% 2.43% 2.56% 2.73%
EPS 2 1.84 1.99 2.11 1.95 1.82 1.903 2.084 2.233
Distribution rate 29.9% 32.7% 33.2% 35.9% 38.5% 39.1% 37.7% 37.5%
Net sales 1 6,246 6,028 6,423 6,306 6,406 6,678 7,059 7,482
EBITDA 1 428.7 467.5 508.9 491.6 494.6 509.5 542.1 575.1
EBIT 1 325.7 355.4 382.3 351.3 335.3 348.4 378.1 411.1
Net income 1 231.4 251.1 265.5 245.5 229.2 239.2 261.5 277.6
Net Debt 1 -86.27 143.7 74.76 -57.66 93.86 -160 -460.1 -469.9
Reference price 2 62.94 33.06 45.39 31.10 43.68 30.66 30.66 30.66
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 Ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
26.78x4.28x14.95x2.46% 258B
12.45x1.32x6.96x3.88% 103B
-84.2x13.27x76.98x-.--% 83.32B
13.71x2.5x9.22x6.08% 80.7B
19.35x5.07x12.53x2.94% 57.88B
14.47x2.12x8.89x5.35% 47.11B
13.35x1.53x10.5x1.21% 36.4B
21.44x1.45x10.35x0.81% 33.06B
15.12x1.91x9.01x5.72% 31.37B
Average 5.83x 3.72x 17.71x 3.16% 81.22B
Weighted average by Cap. 7.88x 4.25x 19.00x 3.01%

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

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