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 3,891 - -
Change - -47.47% 37.3% -31.48% 40.45% -29.3% - -
Enterprise Value (EV) 1 7,844 4,309 5,794 3,861 5,598 3,731 3,573 3,421
Change - -45.06% 34.45% -33.36% 44.98% -33.35% -4.23% -4.26%
P/E 34.2x 16.6x 21.5x 15.9x 24x 16.2x 14.9x 13.8x
PBR 5.86x 2.71x 3.28x 2.05x 2.68x 1.76x 1.64x 1.52x
PEG - 2.04x 3.57x -2.1x -3.6x 3.48x 1.67x 1.82x
Capitalization / Revenue 1.27x 0.69x 0.89x 0.62x 0.86x 0.58x 0.55x 0.52x
EV / Revenue 1.26x 0.71x 0.9x 0.61x 0.87x 0.56x 0.5x 0.46x
EV / EBITDA 18.3x 9.22x 11.4x 7.85x 11.3x 7.32x 6.57x 5.95x
EV / EBIT 24.1x 12.1x 15.2x 11x 16.7x 10.7x 9.45x 8.39x
EV / FCF 44.3x 69.1x 15.5x 8.22x 33.2x 16.1x 14.8x 12.7x
FCF Yield 2.26% 1.45% 6.47% 12.2% 3.01% 6.2% 6.75% 7.89%
Dividend per Share 2 0.55 0.65 0.7 0.7 0.7 0.7446 0.8031 0.8375
Rate of return 0.87% 1.97% 1.54% 2.25% 1.6% 2.41% 2.6% 2.71%
EPS 2 1.84 1.99 2.11 1.95 1.82 1.905 2.075 2.233
Distribution rate 29.9% 32.7% 33.2% 35.9% 38.5% 39.1% 38.7% 37.5%
Net sales 1 6,246 6,028 6,423 6,306 6,406 6,689 7,076 7,502
EBITDA 1 428.7 467.5 508.9 491.6 494.6 509.5 543.6 575.1
EBIT 1 325.7 355.4 382.3 351.3 335.3 347.5 378 407.9
Net income 1 231.4 251.1 265.5 245.5 229.2 239.5 260 277.6
Net Debt 1 -86.27 143.7 74.76 -57.66 93.86 -160 -317.8 -469.9
Reference price 2 62.94 33.06 45.39 31.10 43.68 30.88 30.88 30.88
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.($)
25.11x4.1x14.32x2.61% 243B
13.44x2.45x9.03x6.15% 80.32B
9.35x1.02x5.37x5.16% 76.99B
-79.53x12.51x72.45x-.--% 78.7B
18.75x4.9x12.12x3.06% 55.16B
13.49x1.97x8.24x5.76% 44.66B
12.64x1.44x9.9x1.28% 34.2B
14.99x1.91x8.86x5.76% 31.56B
17.41x1.27x8.11x1.13% 30.83B
Average 5.07x 3.51x 16.49x 3.43% 75.02B
Weighted average by Cap. 6.98x 4.09x 18.10x 3.28%

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