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 4,614 - -
Change - -47.47% 37.3% -31.48% 40.45% -16.16% - -
Enterprise Value (EV) 1 7,844 4,309 5,794 3,861 5,598 4,589 4,463 4,247
Change - -45.06% 34.45% -33.36% 44.98% -18.01% -2.75% -4.84%
P/E 34.2x 16.6x 21.5x 15.9x 24x 18.6x 17x 15.6x
PBR 5.86x 2.71x 3.28x 2.05x 2.68x 2.09x 1.94x 1.79x
PEG - 2.04x 3.57x -2.1x -3.6x 2.21x 1.82x 1.77x
Capitalization / Revenue 1.27x 0.69x 0.89x 0.62x 0.86x 0.67x 0.63x 0.59x
EV / Revenue 1.26x 0.71x 0.9x 0.61x 0.87x 0.66x 0.61x 0.54x
EV / EBITDA 18.3x 9.22x 11.4x 7.85x 11.3x 8.6x 7.76x 6.89x
EV / EBIT 24.1x 12.1x 15.2x 11x 16.7x 12.5x 11.1x 9.79x
EV / FCF 44.3x 69.1x 15.5x 8.22x 33.2x 22.1x 17.3x 14.9x
FCF Yield 2.26% 1.45% 6.47% 12.2% 3.01% 4.52% 5.78% 6.69%
Dividend per Share 2 0.55 0.65 0.7 0.7 0.7 0.7456 0.8033 0.8462
Rate of return 0.87% 1.97% 1.54% 2.25% 1.6% 2.04% 2.19% 2.31%
EPS 2 1.84 1.99 2.11 1.95 1.82 1.973 2.157 2.348
Distribution rate 29.9% 32.7% 33.2% 35.9% 38.5% 37.8% 37.2% 36%
Net sales 1 6,246 6,028 6,423 6,306 6,406 6,927 7,377 7,826
EBITDA 1 428.7 467.5 508.9 491.6 494.6 533.8 575.4 616.8
EBIT 1 325.7 355.4 382.3 351.3 335.3 365.7 400.9 433.6
Net income 1 231.4 251.1 265.5 245.5 229.2 249.3 272.2 293.3
Net Debt 1 -86.27 143.7 74.76 -57.66 93.86 -24.88 -151 -367.2
Reference price 2 62.94 33.06 45.39 31.10 43.68 36.62 36.62 36.62
Nbr of stocks (in thousands) 1,26,000 1,26,000 1,26,000 1,26,000 1,26,000 1,26,000 - -
Announcement Date 18/03/22 17/03/23 15/03/24 13/03/25 19/03/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
22.99x3.75x13.1x2.89% 22TCr
13.89x1.53x8.04x3.45% 11TCr
-110.9x17.62x101.92x-.--% 11TCr
14.88x2.72x10.28x5.53% 8.71TCr
20.5x5.37x13.2x2.78% 6.24TCr
14.99x2.19x9.27x5.2% 4.86TCr
21.04x1.72x10.6x1.44% 4.06TCr
20.19x1.53x9.69x0.92% 3.87TCr
18.16x2.3x11.01x4.81% 3.73TCr
Average 3.97x 4.30x 20.79x 3% 8.44TCr
Weighted average by Cap. 0.12x 5.04x 24.21x 2.91%

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