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 4,365 - -
Change - -47.47% 37.3% -31.48% 40.45% -20.7% - -
Enterprise Value (EV) 1 7,844 4,309 5,794 3,861 5,598 4,316 4,182 3,950
Change - -45.06% 34.45% -33.36% 44.98% -22.89% -3.12% -5.54%
P/E 34.2x 16.6x 21.5x 15.9x 24x 17.6x 16.2x 15x
PBR 5.86x 2.71x 3.28x 2.05x 2.68x 1.98x 1.83x 1.7x
PEG - 2.04x 3.57x -2.1x -3.6x 2.23x 1.83x 1.9x
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 0.63x 0.58x 0.52x
EV / EBITDA 18.3x 9.22x 11.4x 7.85x 11.3x 8.18x 7.38x 6.54x
EV / EBIT 24.1x 12.1x 15.2x 11x 16.7x 11.9x 10.6x 9.28x
EV / FCF 44.3x 69.1x 15.5x 8.22x 33.2x 20x 16.4x 14.1x
FCF Yield 2.26% 1.45% 6.47% 12.2% 3.01% 5% 6.1% 7.1%
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% 2.15% 2.32% 2.42%
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 34.64 34.64 34.64
Nbr of stocks (in thousands) 126,000 126,000 126,000 126,000 126,000 126,000 - -
Announcement Date 3/18/22 A 3/17/23 A 3/15/24 A 3/13/25 A 3/19/26 A - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
23.25x3.75x13.1x2.88% 221B
-115.3x18.35x105.96x-.--% 114B
13.11x1.45x7.6x3.65% 108B
15.29x2.8x10.56x5.37% 89.33B
19.78x5.21x12.81x2.88% 59.78B
15.31x2.24x9.49x5.1% 49.52B
22.87x1.75x11.09x0.83% 43.08B
21.64x1.77x10.98x1.35% 41.87B
18.53x2.38x11.3x4.67% 38.48B
Average 3.83x 4.41x 21.43x 2.97% 85.01B
Weighted average by Cap. -0.89x 5.22x 25.29x 2.89%

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