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 4,430 - -
Change - -47.47% 37.3% -31.48% 40.45% -19.51% - -
Enterprise Value (EV) 1 7,844 4,309 5,794 3,861 5,598 4,405 4,279 4,063
Change - -45.06% 34.45% -33.36% 44.98% -21.3% -2.86% -5.05%
P/E 34.2x 16.6x 21.5x 15.9x 24x 17.9x 16.3x 15x
PBR 5.86x 2.71x 3.28x 2.05x 2.68x 2.01x 1.86x 1.72x
PEG - 2.04x 3.57x -2.1x -3.6x 2.19x 1.73x 1.76x
Capitalization / Revenue 1.27x 0.69x 0.89x 0.62x 0.86x 0.64x 0.6x 0.57x
EV / Revenue 1.26x 0.71x 0.9x 0.61x 0.87x 0.64x 0.58x 0.52x
EV / EBITDA 18.3x 9.22x 11.4x 7.85x 11.3x 8.28x 7.46x 6.61x
EV / EBIT 24.1x 12.1x 15.2x 11x 16.7x 12.1x 10.7x 9.4x
EV / FCF 44.3x 69.1x 15.5x 8.22x 33.2x 21.2x 16.6x 14.3x
FCF Yield 2.26% 1.45% 6.47% 12.2% 3.01% 4.71% 6.03% 7%
Dividend per Share 2 0.55 0.65 0.7 0.7 0.7 0.7444 0.8022 0.8425
Rate of return 0.87% 1.97% 1.54% 2.25% 1.6% 2.12% 2.28% 2.4%
EPS 2 1.84 1.99 2.11 1.95 1.82 1.969 2.154 2.338
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 6,908 7,356 7,790
EBITDA 1 428.7 467.5 508.9 491.6 494.6 532 574 615.1
EBIT 1 325.7 355.4 382.3 351.3 335.3 365 400.2 432.5
Net income 1 231.4 251.1 265.5 245.5 229.2 249.2 272.2 292.4
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 35.16 35.16 35.16
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.($)
22.71x3.68x12.85x2.95% 216B
-115.72x18.42x106.35x-.--% 114B
12.6x1.39x7.3x3.8% 104B
14.98x2.74x10.33x5.49% 87.53B
19.34x5.12x12.57x2.95% 58.49B
14.93x2.18x9.23x5.22% 48.28B
20.65x1.69x10.44x1.42% 39.89B
21.18x1.62x10.23x0.9% 39.84B
18.05x2.31x10.98x4.79% 37.5B
Average 3.19x 4.35x 21.14x 3.06% 82.84B
Weighted average by Cap. -2.05x 5.24x 25.51x 2.96%

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