BECHTLE AG |
Real-time Estimate
Other stock markets
|
5-day change | 1st Jan Change | ||
| 45.07 EUR | +1.14% |
|
-1.10% | -1.17% |
| May. 09 | BECHTLE AG : Deutsche Bank reiterates its Buy rating | ZD |
| May. 09 | BECHTLE AG : Berenberg gives a Buy rating | ZD |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 5,258 | 7,493 | 7,930 | 4,166 | 5,719 | 5,615 | - | - |
| Enterprise Value (EV) 1 | 5,374 | 7,502 | 7,844 | 4,309 | 5,719 | 5,562 | 5,401 | 5,153 |
| P/E ratio | 30.8 x | 39 x | 34.2 x | 16.6 x | 21.5 x | 19.7 x | 18 x | 16.5 x |
| Yield | 0.96% | 0.76% | 0.87% | 1.97% | - | 1.68% | 1.79% | 1.94% |
| Capitalization / Revenue | 0.98 x | 1.29 x | 1.27 x | 0.69 x | 0.89 x | 0.82 x | 0.76 x | 0.7 x |
| EV / Revenue | 1 x | 1.29 x | 1.26 x | 0.71 x | 0.89 x | 0.81 x | 0.73 x | 0.65 x |
| EV / EBITDA | 16.5 x | 20 x | 18.3 x | 9.22 x | 11.2 x | 10.3 x | 9.28 x | 8.19 x |
| EV / FCF | 39.1 x | 28.6 x | 44.3 x | 69.1 x | - | 22.8 x | 21.7 x | 19.4 x |
| FCF Yield | 2.56% | 3.5% | 2.26% | 1.45% | - | 4.39% | 4.61% | 5.14% |
| Price to Book | 5.18 x | 6.45 x | 5.86 x | 2.71 x | - | 2.96 x | 2.58 x | 2.38 x |
| Nbr of stocks (in thousands) | 126,000 | 126,000 | 126,000 | 126,000 | 126,000 | 126,000 | - | - |
| Reference price 2 | 41.73 | 59.47 | 62.94 | 33.06 | 45.39 | 44.56 | 44.56 | 44.56 |
| Announcement Date | 3/19/20 | 3/22/21 | 3/18/22 | 3/17/23 | 3/15/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 5,374 | 5,819 | 6,246 | 6,028 | 6,423 | 6,837 | 7,369 | 7,971 |
| EBITDA 1 | 326 | 375.1 | 428.7 | 467.5 | 508.9 | 542.3 | 582.3 | 629.5 |
| EBIT 1 | 241.4 | 277 | 325.7 | 355.4 | 382.3 | 411 | 447.1 | 487.2 |
| Operating Margin | 4.49% | 4.76% | 5.22% | 5.9% | 5.95% | 6.01% | 6.07% | 6.11% |
| Earnings before Tax (EBT) 1 | 236.3 | 270.7 | 320.5 | 350.5 | 374.5 | 405.9 | 445.7 | 486.2 |
| Net income 1 | 170.5 | 192.5 | 231.4 | 251.1 | 265.5 | 286.4 | 312.8 | 341 |
| Net margin | 3.17% | 3.31% | 3.71% | 4.17% | 4.13% | 4.19% | 4.24% | 4.28% |
| EPS 2 | 1.353 | 1.527 | 1.840 | 1.990 | 2.110 | 2.262 | 2.470 | 2.696 |
| Free Cash Flow 1 | 137.4 | 262.6 | 177.2 | 62.35 | - | 244.4 | 248.9 | 265 |
| FCF margin | 2.56% | 4.51% | 2.84% | 1.03% | - | 3.58% | 3.38% | 3.32% |
| FCF Conversion (EBITDA) | 42.14% | 70.01% | 41.34% | 13.34% | - | 45.08% | 42.74% | 42.11% |
| FCF Conversion (Net income) | 80.57% | 136.38% | 76.58% | 24.83% | - | 85.34% | 79.57% | 77.73% |
| Dividend per Share 2 | 0.4000 | 0.4503 | 0.5500 | 0.6500 | - | 0.7473 | 0.7980 | 0.8624 |
| Announcement Date | 3/19/20 | 3/22/21 | 3/18/22 | 3/17/23 | 3/15/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2021 S2 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2023 S2 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,807 | 3,303 | 1,379 | 1,418 | 1,464 | 1,768 | 1,538 | 1,510 | 1,479 | 1,895 | 3,374 | 1,532 | 1,548 | 2,054 | - | - |
| EBITDA 1 | 120 | 234.2 | 101.7 | 115 | 117 | 133.8 | 111.1 | 126.3 | 127.8 | 143.6 | 271.5 | 126.6 | 126.1 | 152.3 | 125.3 | 134.5 |
| EBIT 1 | 92.55 | 181 | 75.32 | 89.8 | 89.4 | 100.9 | 80.97 | 96.12 | 96.4 | 108.8 | 205.2 | 98.33 | 97.75 | 118 | 95.25 | 105.2 |
| Operating Margin | 5.12% | 5.48% | 5.46% | 6.33% | 6.11% | 5.71% | 5.26% | 6.37% | 6.52% | 5.74% | 6.08% | 6.42% | 6.32% | 5.75% | - | - |
| Earnings before Tax (EBT) | 91.29 | - | 74.04 | 88.52 | 88.19 | 99.74 | 79.69 | 93.78 | 93.88 | 107.1 | - | - | - | - | - | - |
| Net income 1 | 67.66 | 130.4 | 52.94 | 63.62 | 63.41 | 71.14 | - | 65.95 | 66.76 | 75.89 | 142.6 | 69.23 | 70.03 | 80.05 | - | - |
| Net margin | 3.74% | 3.95% | 3.84% | 4.49% | 4.33% | 4.02% | - | 4.37% | 4.51% | 4% | 4.23% | 4.52% | 4.52% | 3.9% | - | - |
| EPS 2 | 0.5500 | - | 0.4200 | 0.5100 | 0.5000 | 0.5600 | 0.4500 | 0.5300 | 0.5300 | 0.6000 | - | 0.5392 | 0.5346 | 0.6489 | 0.5213 | 0.5780 |
| Dividend per Share 2 | 0.5500 | - | - | 0.5500 | - | - | - | 0.6500 | - | - | - | 0.6866 | - | - | - | 0.7146 |
| Announcement Date | 3/18/22 | 3/18/22 | 5/12/22 | 8/11/22 | 11/10/22 | 3/17/23 | 5/11/23 | 8/11/23 | 11/10/23 | 3/15/24 | 3/15/24 | - | - | - | - | - |
1EUR in Million2EUR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 115 | 9.28 | - | 144 | - | - | - | - |
| Net Cash position 1 | - | - | 86.3 | - | - | 52.6 | 214 | 461 |
| Leverage (Debt/EBITDA) | 0.3542 x | 0.0247 x | - | 0.3074 x | - | - | - | - |
| Free Cash Flow 1 | 137 | 263 | 177 | 62.3 | - | 244 | 249 | 265 |
| ROE (net income / shareholders' equity) | 19.8% | 19.5% | 20.4% | 18.6% | - | 15.7% | 15.8% | 15.3% |
| ROA (Net income/ Total Assets) | 8.5% | 8.3% | 9% | 8.5% | - | 7.54% | 7.44% | 7.44% |
| Assets 1 | 2,006 | 2,320 | 2,572 | 2,954 | - | 3,797 | 4,204 | 4,580 |
| Book Value Per Share 2 | 8.050 | 9.220 | 10.70 | 12.20 | - | 15.10 | 17.30 | 18.70 |
| Cash Flow per Share 2 | 1.480 | 2.510 | 2.260 | 0.9300 | - | 2.670 | 3.630 | 3.160 |
| Capex 1 | 48.6 | 53.7 | 107 | 81.7 | - | 97 | 107 | 111 |
| Capex / Sales | 0.9% | 0.92% | 1.72% | 1.36% | - | 1.42% | 1.45% | 1.39% |
| Announcement Date | 3/19/20 | 3/22/21 | 3/18/22 | 3/17/23 | 3/15/24 | - | - | - |
1EUR in Million2EUR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
BUY
Number of Analysts
14
Last Close Price
44.56
EUR
Average target price
53.96
EUR
Spread / Average Target
+21.10%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -1.17% | 6.05B | |
| -12.62% | 193B | |
| +2.56% | 172B | |
| +1.66% | 153B | |
| +5.23% | 100B | |
| +11.09% | 80.72B | |
| +24.53% | 76.9B | |
| -7.89% | 71.61B | |
| -21.67% | 52.05B | |
| -10.29% | 42.83B |
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