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 4,382 - -
Change - -47.47% 37.3% -31.48% 40.45% -20.38% - -
Enterprise Value (EV) 1 7,844 4,309 5,794 3,861 5,598 4,334 4,199 3,968
Change - -45.06% 34.45% -33.36% 44.98% -22.57% -3.11% -5.51%
P/E 34.2x 16.6x 21.5x 15.9x 24x 17.6x 16.1x 15x
PBR 5.86x 2.71x 3.28x 2.05x 2.68x 1.97x 1.83x 1.69x
PEG - 2.04x 3.57x -2.1x -3.6x 2.23x 1.82x 1.9x
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 0.63x 0.58x 0.52x
EV / EBITDA 18.3x 9.22x 11.4x 7.85x 11.3x 8.21x 7.41x 6.56x
EV / EBIT 24.1x 12.1x 15.2x 11x 16.7x 12x 10.6x 9.32x
EV / FCF 44.3x 69.1x 15.5x 8.22x 33.2x 20.1x 16.5x 14.1x
FCF Yield 2.26% 1.45% 6.47% 12.2% 3.01% 4.98% 6.08% 7.07%
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% 2.16% 2.32% 2.43%
EPS 2 1.84 1.99 2.11 1.95 1.82 1.964 2.138 2.307
Distribution rate 29.9% 32.7% 33.2% 35.9% 38.5% 37.9% 37.5% 36.3%
Net sales 1 6,246 6,028 6,423 6,306 6,406 6,832 7,241 7,648
EBITDA 1 428.7 467.5 508.9 491.6 494.6 527.7 566.7 604.4
EBIT 1 325.7 355.4 382.3 351.3 335.3 362.3 395.1 425.6
Net income 1 231.4 251.1 265.5 245.5 229.2 247.8 269.7 289
Net Debt 1 -86.27 143.7 74.76 -57.66 93.86 -48.17 -182.9 -414.3
Reference price 2 62.94 33.06 45.39 31.10 43.68 34.52 34.52 34.52
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
23.53x3.79x13.24x2.85% 223B
-118.27x18.83x108.74x-.--% 117B
13.23x1.46x7.67x3.64% 109B
15.38x2.82x10.62x5.34% 90.04B
19.5x5.15x12.66x2.92% 58.73B
15.39x2.25x9.54x5.08% 49.86B
21.78x1.59x10.05x0.87% 40.92B
21.13x1.73x10.7x1.39% 40.82B
18.66x2.4x11.39x4.63% 38.84B
Average 3.37x 4.45x 21.62x 2.97% 85.42B
Weighted average by Cap. -1.76x 5.34x 25.99x 2.88%

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