Bechtle AG Logo

Bechtle AG

BC8.DE

(2.8)
Stock Price

33,00 EUR

9.23% ROA

14.97% ROE

18.5x PER

Market Cap.

4.825.800.000,00 EUR

33.93% DER

1.83% Yield

4.11% NPM

Bechtle AG Stock Analysis

Bechtle AG Fundamental Analysis

Fundamental analysis in stock investing is like studying the foundation of a house before buying it. It involves looking at a company's financial health, like its earnings, assets, and debts, to determine if it's a good investment based on its fundamental strength and potential for growth.

Bechtle AG Fundamental Stock Analysis
# Analysis Rating
1 ROE

The stock's ROE exceeds expectations (16.68%), revealing strong profitability and efficient use of shareholders' equity, making it an attractive investment opportunity.

2 DER

The stock has a low debt to equity ratio (18%), which means it has a small amount of debt compared to the ownership it holds

3 Net Profit Growth

With a track record of consistent net profit growth over the past five years, this company presents a compelling investment opportunity due to its strong financial performance.

4 Dividend

The company's consistent dividend distribution over the past five years reflects its dedication to providing shareholders with steady returns, making it an appealing choice for investors seeking income stability.

5 ROA

The stock's ROA (9.8%) indicates that it's doing well in making money from the things it owns. This makes it a good option to invest and make consistent profits.

6 Revenue Growth

With a track record of continuous revenue growth in the last three years, this company offers a promising investment opportunity

7 Buffet Intrinsic Value

Warren Buffett's formula suggests that the company's stock is undervalued (1.289), making it an appealing investment prospect with its intrinsic value surpassing the current market price.

8 PBV

The stock's elevated P/BV ratio (3.76x) raises concerns about its overvaluation, making it an imprudent choice for investors seeking value.

9 Assets Growth

Regrettably, this company's revenue has shown no signs of growth over the past three years, suggesting limited potential for returns and making it a less appealing choice.

10 Graham Number

Based on the Graham number, this company's stock price appears to be higher than its intrinsic value, signaling a potentially unfavorable investment choice.

11 Dividend Growth

Investors should note the company's stagnant dividend growth over the past three years, indicating limited profitability and potentially diminishing returns.

Bechtle AG Technical Analysis

Technical analysis in stock investing is like reading the patterns on a weather map to predict future weather conditions. It involves studying past stock price movements and trading volumes to make predictions about where a stock's price might go next, without necessarily looking at the company's financial health.

Bechtle AG Technical Stock Analysis
# Analysis Recommendation
1 Awesome Oscillator Buy
2 MACD Buy
3 RSI Hold
4 Stoch RSI Sell

Bechtle AG Price Chart

Financial Statements

Financial statements are like report cards for companies. They show how much money a company makes (income statement), what it owns and owes (balance sheet), and where it spends its money (cash flow statement), helping stock investors understand if a company is healthy and worth investing in.

Income Statements

An income statement for a company is like a scoreboard for its profits and losses. It shows how much money the company made (revenue) and how much it spent to make that money (expenses), helping stock investors see if a company is making a profit or not.

Revenue in stock investing is the total amount of money a company earns from its sales, and it's a key factor that investors consider to assess a company's financial performance and growth potential.

Bechtle AG Revenue
Year Revenue Growth
2002 751.709.000
2003 791.907.000 5.08%
2004 1.088.133.000 27.22%
2005 0 0%
2006 0 0%
2007 0 0%
2008 1.431.462.000 100%
2009 1.379.307.000 -3.78%
2010 1.722.919.000 19.94%
2011 1.994.881.000 13.63%
2012 2.096.835.000 4.86%
2013 2.273.485.000 7.77%
2014 2.580.448.000 11.9%
2015 2.831.303.000 8.86%
2016 3.093.579.000 8.48%
2017 3.570.124.000 13.35%
2018 4.323.318.000 17.42%
2019 5.374.453.000 19.56%
2020 5.819.243.000 7.64%
2021 5.305.489.000 -9.68%
2022 6.028.175.000 11.99%
2023 5.916.620.000 -1.89%
2023 6.422.743.000 7.88%
2024 5.899.264.000 -8.87%

Research and Development Expenses are the costs a company incurs to create and improve its products or services, which can be important for investors to evaluate a company's innovation and potential for future growth.

Bechtle AG Research and Development Expenses
Year Research and Development Expenses Growth
2002 0
2003 0 0%
2004 0 0%
2005 0 0%
2006 0 0%
2007 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 0 0%
2013 0 0%
2014 0 0%
2015 0 0%
2016 0 0%
2017 0 0%
2018 3.023.000 100%
2019 4.326.000 30.12%
2020 4.668.000 7.33%
2021 5.900.000 20.88%
2022 2.877.000 -105.07%
2023 0 0%
2023 3.370.000 100%
2024 0 0%

General and Administrative Expenses are the costs a company incurs to run its day-to-day operations, such as office rent, salaries, and utilities, which investors consider to understand a company's overall efficiency and management effectiveness.

Bechtle AG General and Administrative Expenses
Year General and Administrative Expenses Growth
2002 -41.472.000
2003 -42.999.000 3.55%
2004 -56.832.000 24.34%
2005 0 0%
2006 0 0%
2007 0 0%
2008 75.709.000 100%
2009 76.171.000 0.61%
2010 86.001.000 11.43%
2011 104.037.000 17.34%
2012 30.744.000 -238.4%
2013 33.054.000 6.99%
2014 35.179.000 6.04%
2015 37.875.000 7.12%
2016 46.244.000 18.1%
2017 51.072.000 9.45%
2018 59.721.000 14.48%
2019 63.995.000 6.68%
2020 76.723.000 16.59%
2021 64.120.000 -19.66%
2022 78.775.000 18.6%
2023 352.056.000 77.62%
2023 87.722.000 -301.33%
2024 370.500.000 76.32%

EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure that helps stock investors analyze a company's profitability by looking at its earnings without considering certain expenses. This helps to get a clearer picture of the company's financial performance and its ability to generate cash flow.

Bechtle AG EBITDA
Year EBITDA Growth
2002 27.012.000
2003 34.848.000 22.49%
2004 48.965.000 28.83%
2005 1.100.885.000 95.55%
2006 1.134.752.000 2.98%
2007 1.282.977.000 11.55%
2008 76.126.000 -1585.33%
2009 44.215.000 -72.17%
2010 77.854.000 43.21%
2011 106.540.000 26.93%
2012 104.175.000 -2.27%
2013 114.927.000 9.36%
2014 134.055.000 14.27%
2015 158.446.000 15.39%
2016 175.310.000 9.62%
2017 197.315.000 11.15%
2018 238.396.000 17.23%
2019 327.209.000 27.14%
2020 376.166.000 13.01%
2021 430.139.000 12.55%
2022 468.999.000 8.29%
2023 518.124.000 9.48%
2023 454.981.000 -13.88%
2024 419.948.000 -8.34%

Gross profit is the money a company makes from selling its products or services after subtracting the cost of producing or providing them, and it is an important measure for investors to understand a company's profitability.

Bechtle AG Gross Profit
Year Gross Profit Growth
2002 93.678.000
2003 106.192.000 11.78%
2004 149.080.000 28.77%
2005 1.020.414.000 85.39%
2006 1.046.557.000 2.5%
2007 1.188.121.000 11.91%
2008 218.131.000 -444.68%
2009 199.537.000 -9.32%
2010 236.479.000 15.62%
2011 299.479.000 21.04%
2012 318.800.000 6.06%
2013 340.414.000 6.35%
2014 383.236.000 11.17%
2015 429.386.000 10.75%
2016 474.497.000 9.51%
2017 543.795.000 12.74%
2018 642.934.000 15.42%
2019 767.817.000 16.26%
2020 856.581.000 10.36%
2021 920.008.000 6.89%
2022 1.053.380.000 12.66%
2023 1.121.288.000 6.06%
2023 1.052.498.000 -6.54%
2024 1.094.024.000 3.8%

Net income in stock investing is like the money a company actually gets to keep as profit after paying all its bills, and it's an important measure to understand how well a company is doing financially.

Bechtle AG Net Profit
Year Net Profit Growth
2002 12.001.000
2003 18.365.000 34.65%
2004 29.549.000 37.85%
2005 0 0%
2006 0 0%
2007 0 0%
2008 45.428.000 100%
2009 34.258.000 -32.61%
2010 46.422.000 26.2%
2011 62.723.000 25.99%
2012 56.561.000 -10.89%
2013 63.397.000 10.78%
2014 76.194.000 16.8%
2015 92.877.000 17.96%
2016 103.371.000 10.15%
2017 114.562.000 9.77%
2018 137.141.000 16.46%
2019 170.484.000 19.56%
2020 192.547.000 11.46%
2021 231.446.000 16.81%
2022 251.118.000 7.83%
2023 267.032.000 5.96%
2023 265.512.000 -0.57%
2024 238.776.000 -11.2%

EPS, or earnings per share, is a measure that shows how much profit a company has earned for each outstanding share of its stock, and it is important for stock investors as it helps understand the profitability of a company and compare it with other companies in the market.

Bechtle AG Earning per Share (EPS)
Year Earning per Share (EPS) Growth
2002 0
2003 0 0%
2004 0 0%
2005 0 0%
2006 0 0%
2007 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 1 0%
2012 0 0%
2013 1 0%
2014 1 0%
2015 1 0%
2016 1 0%
2017 1 0%
2018 1 100%
2019 1 0%
2020 2 0%
2021 2 0%
2022 2 0%
2023 2 50%
2023 2 0%
2024 2 -100%

Cashflow Statements

Cashflow statements show the movement of money in and out of a company, helping stock investors understand how much money a company makes and spends. By examining cashflow statements, investors can assess if a company is generating enough cash to pay its bills, invest in growth, and provide returns to stockholders.

Free cash flow is the leftover cash that a company generates after covering its operating expenses and capital expenditures, which is important for stock investors as it shows how much money a company has available to invest in growth, pay dividends, or reduce debt.

Bechtle AG Free Cashflow
Year Free Cashflow Growth
2002 -6.292.000
2003 22.674.000 127.75%
2004 45.098.000 49.72%
2005 39.866.000 -13.12%
2006 41.471.000 3.87%
2007 59.690.000 30.52%
2008 36.258.000 -64.63%
2009 33.021.000 -9.8%
2010 46.891.000 29.58%
2011 26.878.000 -74.46%
2012 24.798.000 -8.39%
2013 49.563.000 49.97%
2014 32.351.000 -53.2%
2015 94.584.000 65.8%
2016 13.466.000 -602.39%
2017 -12.912.000 204.29%
2018 84.096.000 115.35%
2019 137.354.000 38.77%
2020 250.281.000 45.12%
2021 226.223.000 -10.63%
2022 34.953.000 -547.22%
2023 100.639.000 65.27%
2023 349.012.000 71.16%
2024 72.852.000 -379.07%

Operating cash flow represents the cash generated or consumed by a company's day-to-day operations, excluding external investing or financing activities, and is crucial for stock investors as it shows how much cash a company is generating from its core business operations.

Bechtle AG Operating Cashflow
Year Operating Cashflow Growth
2002 13.943.000
2003 27.535.000 49.36%
2004 46.115.000 40.29%
2005 39.866.000 -15.68%
2006 41.471.000 3.87%
2007 59.690.000 30.52%
2008 49.941.000 -19.52%
2009 46.665.000 -7.02%
2010 59.114.000 21.06%
2011 55.782.000 -5.97%
2012 56.669.000 1.57%
2013 73.098.000 22.48%
2014 55.965.000 -30.61%
2015 115.945.000 51.73%
2016 53.363.000 -117.28%
2017 54.261.000 1.65%
2018 140.525.000 61.39%
2019 185.973.000 24.44%
2020 316.254.000 41.2%
2021 284.492.000 -11.16%
2022 116.651.000 -143.88%
2023 125.258.000 6.87%
2023 450.190.000 72.18%
2024 95.612.000 -370.85%

Capex, short for capital expenditures, refers to the money a company spends on acquiring or upgrading tangible assets like buildings, equipment, or technology, which is important for stock investors as it indicates how much a company is investing in its infrastructure to support future growth and profitability.

Bechtle AG Capital Expenditure
Year Capital Expenditure Growth
2002 20.235.000
2003 4.861.000 -316.27%
2004 1.017.000 -377.97%
2005 0 0%
2006 0 0%
2007 0 0%
2008 13.683.000 100%
2009 13.644.000 -0.29%
2010 12.223.000 -11.63%
2011 28.904.000 57.71%
2012 31.871.000 9.31%
2013 23.535.000 -35.42%
2014 23.614.000 0.33%
2015 21.361.000 -10.55%
2016 39.897.000 46.46%
2017 67.173.000 40.61%
2018 56.429.000 -19.04%
2019 48.619.000 -16.06%
2020 65.973.000 26.3%
2021 58.269.000 -13.22%
2022 81.698.000 28.68%
2023 24.619.000 -231.85%
2023 101.178.000 75.67%
2024 22.760.000 -344.54%

Balance Sheet

Balance sheets provide a snapshot of a company's financial health and its assets (such as cash, inventory, and property) and liabilities (like debts and obligations) at a specific point in time. For stock investors, balance sheets help assess the company's overall worth and evaluate its ability to meet financial obligations and support future growth.

Equity refers to the ownership interest or stake that shareholders have in a company, representing their claim on its assets and earnings after all debts and liabilities are paid.

Bechtle AG Equity
Year Equity Growth
2002 164.213.000
2003 180.224.000 8.88%
2004 213.450.000 15.57%
2005 237.203.000 10.01%
2006 248.925.000 4.71%
2007 276.111.000 9.85%
2008 311.449.000 11.35%
2009 334.961.000 7.02%
2010 371.483.000 9.83%
2011 419.044.000 11.35%
2012 458.393.000 8.58%
2013 501.565.000 8.61%
2014 553.996.000 9.46%
2015 620.651.000 10.74%
2016 694.103.000 10.58%
2017 777.283.000 10.7%
2018 883.204.000 11.99%
2019 1.014.842.000 12.97%
2020 1.162.029.000 12.67%
2021 1.353.114.000 14.12%
2022 1.538.319.000 12.04%
2023 1.648.681.000 6.69%
2023 1.742.612.000 5.39%
2024 1.779.995.000 2.1%

Assets represent the valuable resources that a company owns, such as cash, inventory, property, and equipment, and understanding a company's assets helps investors assess its value and potential for generating future profits.

Bechtle AG Assets
Year Assets Growth
2002 246.755.000
2003 278.484.000 11.39%
2004 381.121.000 26.93%
2005 413.945.984 7.93%
2006 420.758.016 1.62%
2007 451.423.008 6.79%
2008 496.068.000 9%
2009 520.665.000 4.72%
2010 653.716.000 20.35%
2011 803.416.000 18.63%
2012 845.442.000 4.97%
2013 910.348.000 7.13%
2014 1.016.590.000 10.45%
2015 1.150.437.000 11.63%
2016 1.269.338.000 9.37%
2017 1.443.384.000 12.06%
2018 2.027.164.000 28.8%
2019 2.394.667.000 15.35%
2020 2.687.116.000 10.88%
2021 3.019.768.000 11.02%
2022 3.447.872.000 12.42%
2023 3.382.602.000 -1.93%
2023 3.929.147.000 13.91%
2024 3.746.089.000 -4.89%

Liabilities refer to the financial obligations or debts that a company owes to creditors or external parties, and understanding a company's liabilities is important for investors as it helps assess the company's financial risk and ability to meet its obligations.

Bechtle AG Liabilities
Year Liabilities Growth
2002 82.542.000
2003 97.646.000 15.47%
2004 167.166.000 41.59%
2005 176.742.984 5.42%
2006 171.833.016 -2.86%
2007 175.312.008 1.98%
2008 184.619.000 5.04%
2009 185.704.000 0.58%
2010 282.233.000 34.2%
2011 384.372.000 26.57%
2012 387.049.000 0.69%
2013 408.783.000 5.32%
2014 462.594.000 11.63%
2015 529.786.000 12.68%
2016 575.235.000 7.9%
2017 666.101.000 13.64%
2018 1.143.960.000 41.77%
2019 1.379.825.000 17.09%
2020 1.525.087.000 9.52%
2021 1.666.654.000 8.49%
2022 1.909.553.000 12.72%
2023 1.733.921.000 -10.13%
2023 2.186.535.000 20.7%
2024 1.966.094.000 -11.21%

Bechtle AG Financial Ratio (TTM)

Valuation Metrics

Revenue per Share
50.42
Net Income per Share
2.07
Price to Earning Ratio
18.5x
Price To Sales Ratio
0.76x
POCF Ratio
9.07
PFCF Ratio
11.08
Price to Book Ratio
2.72
EV to Sales
0.82
EV Over EBITDA
10.72
EV to Operating CashFlow
9.74
EV to FreeCashFlow
11.9
Earnings Yield
0.05
FreeCashFlow Yield
0.09
Market Cap
4,83 Bil.
Enterprise Value
5,18 Bil.
Graham Number
25.62
Graham NetNet
-4.17

Income Statement Metrics

Net Income per Share
2.07
Income Quality
1.71
ROE
0.15
Return On Assets
0.07
Return On Capital Employed
0.14
Net Income per EBT
0.71
EBT Per Ebit
1.05
Ebit per Revenue
0.05
Effective Tax Rate
0.29

Margins

Sales, General, & Administrative to Revenue
0.02
Research & Developement to Revenue
0
Stock Based Compensation to Revenue
0
Gross Profit Margin
0.18
Operating Profit Margin
0.05
Pretax Profit Margin
0.06
Net Profit Margin
0.04

Dividends

Dividend Yield
0.02
Dividend Yield %
1.83
Payout Ratio
0.34
Dividend Per Share
0.7

Operating Metrics

Operating Cashflow per Share
4.22
Free CashFlow per Share
3.46
Capex to Operating CashFlow
0.18
Capex to Revenue
0.02
Capex to Depreciation
0.73
Return on Invested Capital
0.1
Return on Tangible Assets
0.09
Days Sales Outstanding
62.58
Days Payables Outstanding
40.31
Days of Inventory on Hand
29.43
Receivables Turnover
5.83
Payables Turnover
9.05
Inventory Turnover
12.4
Capex per Share
0.77

Balance Sheet

Cash per Share
3,28
Book Value per Share
14,13
Tangible Book Value per Share
6.82
Shareholders Equity per Share
14.09
Interest Debt per Share
4.94
Debt to Equity
0.34
Debt to Assets
0.16
Net Debt to EBITDA
0.73
Current Ratio
1.95
Tangible Asset Value
0,86 Bil.
Net Current Asset Value
0,31 Bil.
Invested Capital
2487735000
Working Capital
1,11 Bil.
Intangibles to Total Assets
0.25
Average Receivables
1,06 Bil.
Average Payables
0,56 Bil.
Average Inventory
434823500
Debt to Market Cap
0.12

Dividends

Dividends in stock investing are like rewards that companies give to their shareholders. They are a portion of the company's profits distributed to investors, typically in the form of cash payments, as a way for them to share in the company's success.

Bechtle AG Dividends
Year Dividends Growth
2001 0
2002 0 0%
2003 0 0%
2004 0 0%
2005 0 0%
2006 1 0%
2007 1 0%
2008 1 0%
2009 1 0%
2010 1 0%
2011 1 0%
2012 0 0%
2013 1 100%
2014 1 0%
2015 1 0%
2016 1 0%
2017 2 0%
2018 1 0%
2019 1 100%
2020 1 0%
2021 1 0%
2022 1 0%
2023 1 0%
2024 1 0%

Bechtle AG Profile

About Bechtle AG

Bechtle AG provides information technology (IT) services primarily in Europe. The company operates in two segments, IT System House & Managed Services, and IT E-Commerce. The IT System House & Managed Services segment offers IT strategy consulting, hardware and software selling, project planning and implementation, system integration, IT services, and training for IT operation. This segment also provides applications for business intelligence, customer relationship management, enterprise resource planning, product lifecycle management, computer-aided design/computer-aided manufacturing, product data management, enterprise content management, document management systems, artificial intelligence. The IT E-Commerce segment provides hardware and software products, and peripherals and accessories that comprises approximately 40,000 products through an online shop and telesales. The company also provides data center, modern workplace, networking, IT security, consulting, professional, managed, training, financial, remarketing, and cloud services, as well as design, development, and implementation of software services. It serves customers in the fields of industry, trade, finance, and the public sector. Bechtle AG was founded in 1983 and is headquartered in Neckarsulm, Germany.

CEO
Dr. Thomas Olemotz Dipl.-Kfm
Employee
15.306
Address
Bechtle Platz 1
Neckarsulm, 74172

Bechtle AG Executives & BODs

Bechtle AG Executives & BODs
# Name Age
1 Dirk Muller-Niessner
Executive Vice President of Southern Region - Bechtle Systemhaus Holding AG & Chief Technology Officer
70
2 Mr. Gozard Polak
Managing Director of Bechtle Brussels
70
3 Mr. Martin Link
Head of Investor Relations
70
4 Ms. Katja Jager
Head of Sales Controlling
70
5 Dr. Thomas Olemotz Dipl.-Kfm
Chief Executive Officer & Chairman of The Executive Board
70
6 Mr. Michael Guschlbauer
Member of Executive Board
70
7 Mr. Gerhard Schick
Co-Founder & Honorary Chairman of the Supervisory Board
70
8 Mr. Stefan Sagowski
Executive Vice President of Finance Division
70
9 Ms. Antje Leminsky
Member of the Executive Board
70
10 Ms. Gabi Schepperle
Head of Group Accounting & Treasury
70

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