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 4,473 - -
Change - -47.47% 37.3% -31.48% 40.45% -18.73% - -
Enterprise Value (EV) 1 7,844 4,309 5,794 3,861 5,598 4,448 4,322 4,106
Change - -45.06% 34.45% -33.36% 44.98% -20.53% -2.83% -5%
P/E 34.2x 16.6x 21.5x 15.9x 24x 18x 16.5x 15.2x
PBR 5.86x 2.71x 3.28x 2.05x 2.68x 2.03x 1.88x 1.74x
PEG - 2.04x 3.57x -2.1x -3.6x 2.21x 1.75x 1.78x
Capitalization / Revenue 1.27x 0.69x 0.89x 0.62x 0.86x 0.65x 0.61x 0.57x
EV / Revenue 1.26x 0.71x 0.9x 0.61x 0.87x 0.64x 0.59x 0.53x
EV / EBITDA 18.3x 9.22x 11.4x 7.85x 11.3x 8.36x 7.53x 6.67x
EV / EBIT 24.1x 12.1x 15.2x 11x 16.7x 12.2x 10.8x 9.49x
EV / FCF 44.3x 69.1x 15.5x 8.22x 33.2x 21.4x 16.7x 14.4x
FCF Yield 2.26% 1.45% 6.47% 12.2% 3.01% 4.66% 5.97% 6.92%
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% 2.1% 2.26% 2.37%
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 35.50 35.50 35.50
Nbr of stocks (in thousands) 126,000 126,000 126,000 126,000 126,000 126,000 - -
Announcement Date 18/3/22 17/3/23 15/3/24 13/3/25 19/3/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
23.14x3.77x13.17x2.87% 222B
-116.79x18.57x106.98x-.--% 115B
13.73x1.52x7.97x3.49% 113B
14.91x2.72x10.28x5.51% 87.05B
20.45x5.36x13.17x2.79% 62.19B
14.69x2.13x9.06x5.31% 47.45B
20.59x1.68x10.33x1.42% 39.79B
20.4x1.55x9.86x0.92% 38.85B
17.74x2.3x10.68x4.87% 36.84B
Average 3.21x 4.40x 21.28x 3.02% 84.77B
Weighted average by Cap. -1.63x 5.29x 25.56x 2.9%

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