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 4,695 - -
Change - -47.47% 37.3% -31.48% 40.45% -14.7% - -
Enterprise Value (EV) 1 7,844 4,309 5,794 3,861 5,598 4,534 4,377 4,139
Change - -45.06% 34.45% -33.36% 44.98% -18.99% -3.48% -5.43%
P/E 34.2x 16.6x 21.5x 15.9x 24x 19.6x 17.9x 16.7x
PBR 5.86x 2.71x 3.28x 2.05x 2.68x 2.12x 1.97x 1.83x
PEG - 2.04x 3.57x -2.1x -3.6x 4.2x 1.98x 2.24x
Capitalization / Revenue 1.27x 0.69x 0.89x 0.62x 0.86x 0.7x 0.66x 0.62x
EV / Revenue 1.26x 0.71x 0.9x 0.61x 0.87x 0.67x 0.61x 0.55x
EV / EBITDA 18.3x 9.22x 11.4x 7.85x 11.3x 8.81x 7.94x 7.07x
EV / EBIT 24.1x 12.1x 15.2x 11x 16.7x 13x 11.5x 10.1x
EV / FCF 44.3x 69.1x 15.5x 8.22x 33.2x 20.1x 18x 15.2x
FCF Yield 2.26% 1.45% 6.47% 12.2% 3.01% 4.98% 5.56% 6.57%
Dividend per Share 2 0.55 0.65 0.7 0.7 0.7 0.7444 0.8022 0.8375
Rate of return 0.87% 1.97% 1.54% 2.25% 1.6% 2% 2.15% 2.25%
EPS 2 1.84 1.99 2.11 1.95 1.82 1.905 2.077 2.232
Distribution rate 29.9% 32.7% 33.2% 35.9% 38.5% 39.1% 38.6% 37.5%
Net sales 1 6,246 6,028 6,423 6,306 6,406 6,731 7,123 7,522
EBITDA 1 428.7 467.5 508.9 491.6 494.6 514.8 551.3 585.6
EBIT 1 325.7 355.4 382.3 351.3 335.3 350 381.5 411.8
Net income 1 231.4 251.1 265.5 245.5 229.2 238.9 260.1 276.7
Net Debt 1 -86.27 143.7 74.76 -57.66 93.86 -160.5 -318.1 -555.6
Reference price 2 62.94 33.06 45.39 31.10 43.68 37.26 37.26 37.26
Nbr of stocks (in thousands) 126,000 126,000 126,000 126,000 126,000 126,000 - -
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.($)
22.46x3.65x12.73x2.99% 213B
-107.81x17.13x98.92x-.--% 107B
12.27x1.36x7.11x3.92% 101B
16.03x2.94x11.09x5.13% 93.9B
20.79x5.42x13.31x2.76% 62.12B
15.45x2.26x9.59x5.05% 50.13B
21.12x1.56x9.86x0.9% 40.04B
18.76x2.41x11.56x4.64% 39.09B
19.75x1.61x9.85x1.48% 38.73B
Average 4.31x 4.26x 20.45x 2.98% 82.81B
Weighted average by Cap. 0.61x 4.95x 23.56x 2.97%

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