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 3,813 - -
Change - -47.47% 37.3% -31.48% 40.45% -30.72% - -
Enterprise Value (EV) 1 7,844 4,309 5,794 3,861 5,598 3,653 3,353 3,343
Change - -45.06% 34.45% -33.36% 44.98% -34.74% -8.22% -0.29%
P/E 34.2x 16.6x 21.5x 15.9x 24x 15.9x 14.5x 13.6x
PBR 5.86x 2.71x 3.28x 2.05x 2.68x 1.72x 1.6x 1.49x
PEG - 2.04x 3.57x -2.1x -3.6x 3.5x 1.52x 1.91x
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 0.47x 0.45x
EV / EBITDA 18.3x 9.22x 11.4x 7.85x 11.3x 7.17x 6.18x 5.81x
EV / EBIT 24.1x 12.1x 15.2x 11x 16.7x 10.5x 8.87x 8.13x
EV / FCF 44.3x 69.1x 15.5x 8.22x 33.2x 15.8x 13.7x 12.2x
FCF Yield 2.26% 1.45% 6.47% 12.2% 3.01% 6.33% 7.29% 8.18%
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% 2.46% 2.6% 2.77%
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 30.26 30.26 30.26
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
24.22x3.98x13.91x2.71% 23TCr
9.48x0.98x5.18x5.09% 7.86TCr
14.13x2.59x9.53x5.87% 8.46TCr
-81.36x12.81x74.17x-.--% 8.05TCr
18.46x4.87x12.04x3.08% 5.48TCr
14.64x2.15x9x5.29% 4.84TCr
13.26x1.52x10.42x1.22% 3.6TCr
15.83x2.01x9.48x5.46% 3.34TCr
21.3x1.44x10.28x0.82% 3.27TCr
Average 5.55x 3.59x 17.11x 3.28% 7.59TCr
Weighted average by Cap. 6.56x 4.10x 18.39x 3.23%

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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