Bechtle AG

Report azionario XTRA:BC8

Capitalizzazione di mercato: €3.9b

Bechtle Performance degli utili passati

Criteri Il passato verificati 4/6

Bechtle ha registrato una crescita degli utili a un tasso medio annuo di 0.5%, mentre il settore IT ha registrato utili in crescita a un tasso medio annuo di 6.1%. I ricavi sono stati in crescita a un tasso medio annuo di 5.3%. Il ritorno sul capitale proprio di Bechtle è 11.2% e ha margini netti di 3.6%.

Informazioni chiave

0.47%

Tasso di crescita degli utili

0.47%

Tasso di crescita dell'EPS

IT Crescita del settore13.97%
Tasso di crescita dei ricavi5.29%
Rendimento del capitale proprio11.16%
Margine netto3.61%
Prossimo aggiornamento sugli utili12 Aug 2026

Aggiornamenti sulle prestazioni recenti

Recent updates

Aggiornamento della narrazione May 04

BC8: Refined P E Framework Will Support Undervalued Outlook After Guidance

Bechtle's analyst price target has shifted to €39.18 from €44.88, reflecting updated views on slightly softer growth and margin assumptions, as well as refreshed P/E expectations discussed in recent research updates by analysts. Analyst Commentary Recent research updates show both optimism and caution around Bechtle, with multiple revisions to price targets over time and at least one upgrade in rating.
Aggiornamento della narrazione Apr 19

BC8: 2026 IT Revival Hopes Will Face Cautious Execution And Budget Timing

Analysts have reduced their fair value estimate for Bechtle from €34.50 to €31.00, reflecting recent cuts and an upgrade in price targets that highlight more cautious assumptions regarding growth, profitability, and required returns. Analyst Commentary Recent research shows a more cautious tone around Bechtle, with multiple price target cuts clustering over a short period.
Aggiornamento della narrazione Apr 05

BC8: Mixed Research Updates And Investor Day Will Support Earnings Repricing

Analysts have trimmed their average price target on Bechtle by €6. This reflects recent downward revisions from some firms alongside a fresh upgrade from others that highlight mixed views on the stock.
Articolo di analisi Mar 25

Bechtle AG (ETR:BC8) Just Reported Yearly Earnings: Have Analysts Changed Their Mind On The Stock?

It's been a mediocre week for Bechtle AG ( ETR:BC8 ) shareholders, with the stock dropping 13% to €26.44 in the week...
Aggiornamento della narrazione Mar 22

BC8: Higher Future P/E And Investor Day Update Will Support Earnings Power

Analysts have trimmed their price target on Bechtle by €1, citing slightly higher discount rate assumptions, modest adjustments to expected revenue growth and profit margins, and a marginally higher future P/E multiple in their refreshed models. Analyst Commentary Even with the €1 price target trim, bullish analysts still frame Bechtle as a name where their long term thesis remains intact.
Aggiornamento della narrazione Mar 07

BC8: Refined Discount Rate Framework Will Support Undervalued Outlook After Guidance Confirmation

Analysts have trimmed their price target on Bechtle by €1, reflecting updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E that align with recent Street research. Analyst Commentary Bullish Takeaways Bullish analysts view the modest €1 reduction in the price target as a fine tuning of their models rather than a shift in their broader view on Bechtle, with fair value assumptions still supported by current Street research.
Aggiornamento della narrazione Feb 21

BC8: Higher Future P/E Expectations Will Support Stronger 2026 Earnings Power

Analysts have raised their fair value estimate for Bechtle from €52.00 to €56.00, reflecting updated assumptions on discount rate, revenue growth, profit margin and future P/E expectations, even as some recent research, including a €1 trim to the price target at Deutsche Bank, points to a more cautious stance on near term performance drivers. Analyst Commentary Bullish analysts point to the higher fair value estimate of €56.00 as a signal that their core assumptions on discount rate, revenue growth, profit margins and future P/E have shifted in a more constructive direction, even if some individual price targets, such as the recent €1 trim, look slightly more cautious on the surface.
Articolo di analisi Feb 13

Bechtle AG's (ETR:BC8) 26% Share Price Plunge Could Signal Some Risk

Bechtle AG ( ETR:BC8 ) shares have had a horrible month, losing 26% after a relatively good period beforehand. To make...
Aggiornamento della narrazione Feb 07

BC8: 2026 IT Spending Revival Will Support Undervalued Outlook After Guidance Confirmation

Analysts now place Bechtle's fair value closer to €46.19 per share, up from €44.08. This reflects slightly adjusted assumptions around discount rate, revenue growth, profit margin and future P/E expectations.
Articolo di analisi Feb 02

Is It Too Late To Consider Buying Bechtle AG (ETR:BC8)?

Bechtle AG ( ETR:BC8 ), might not be a large cap stock, but it led the XTRA gainers with a relatively large price hike...
Aggiornamento della narrazione Jan 24

BC8: 2026 IT Spending Revival Will Support Stronger Earnings Power

Analysts have lifted their fair value estimate for Bechtle from €51.00 to €52.00, citing expectations for a 2026 IT spending revival that they view as supportive of slightly stronger revenue growth, profit margins and a lower future P/E. Analyst Commentary Bullish Takeaways Bullish analysts highlight the upgrade case as tied to expectations for an IT spending revival in 2026, which they see as supportive for Bechtle's revenue trajectory and operational execution.
Aggiornamento della narrazione Jan 09

BC8: 2026 IT Revival Hopes Will Likely Overestimate Budget Recovery Timing

Analysts have nudged their price target on Bechtle to €43, reflecting slightly adjusted assumptions on discount rate, growth and profitability, and a view that the company could benefit if IT spending picks up into 2026. Analyst Commentary The latest move to a €43 price target reflects a view that Bechtle could see a pick up in demand if IT budgets improve into 2026.
Articolo di analisi Dec 31

Bechtle (ETR:BC8) Might Be Having Difficulty Using Its Capital Effectively

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. In a perfect...
Aggiornamento della narrazione Dec 22

BC8: 2026 IT Spending Revival Expectations Will Likely Prove Overly Optimistic

Analysts have raised their price target on Bechtle to approximately EUR 34.50 from about EUR 33.90, citing improving expectations for a 2026 IT spending revival and stronger organic growth prospects in the German IT reseller market. Analyst Commentary While recent research notes highlight an improving outlook for Bechtle into 2026, not all commentary is uniformly positive.
Aggiornamento della narrazione Dec 08

BC8: 2026 IT Spending Revival Will Likely Shape Fairly Priced Outlook

Analysts have raised their price target on Bechtle by approximately EUR 1, reflecting expectations for improving organic growth in German IT resellers and a potential revival in IT spending from 2026. This supports slightly higher fair value and profit margin assumptions despite modestly lower revenue growth forecasts.
Articolo di analisi Dec 02

Bechtle AG's (ETR:BC8) Shares May Have Run Too Fast Too Soon

When close to half the companies in Germany have price-to-earnings ratios (or "P/E's") below 17x, you may consider...
Articolo di analisi Nov 11

Does This Valuation Of Bechtle AG (ETR:BC8) Imply Investors Are Overpaying?

Key Insights Using the 2 Stage Free Cash Flow to Equity, Bechtle fair value estimate is €26.33 Bechtle is estimated to...
Articolo di analisi Oct 29

At €36.72, Is It Time To Put Bechtle AG (ETR:BC8) On Your Watch List?

Bechtle AG ( ETR:BC8 ), might not be a large cap stock, but it saw significant share price movement during recent...
Aggiornamento della narrazione Sep 25

Investments In Cloud And AI Technologies May Improve Operational Efficiency Amid Market Uncertainties

Bechtle’s higher price target reflects modest improvements in both revenue growth and net profit margin forecasts, resulting in the consensus analyst price target increasing from €42.17 to €43.17. Valuation Changes Summary of Valuation Changes for Bechtle The Consensus Analyst Price Target has risen slightly from €42.17 to €43.17.
Articolo di analisi Sep 20

These 4 Measures Indicate That Bechtle (ETR:BC8) Is Using Debt Reasonably Well

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Articolo di analisi Sep 05

Some Investors May Be Worried About Bechtle's (ETR:BC8) Returns On Capital

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Articolo di analisi Aug 20

There's Reason For Concern Over Bechtle AG's (ETR:BC8) Price

XTRA:BC8 1 Year Share Price vs Fair Value Explore Bechtle's Fair Values from the Community and select yours With a...
Articolo di analisi Jun 19

We Think Bechtle (ETR:BC8) Can Stay On Top Of Its Debt

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Articolo di analisi May 23

Should You Think About Buying Bechtle AG (ETR:BC8) Now?

Bechtle AG ( ETR:BC8 ), might not be a large cap stock, but it saw a decent share price growth of 19% on the XTRA over...
Articolo di analisi Mar 07

Bechtle AG's (ETR:BC8) 29% Share Price Surge Not Quite Adding Up

The Bechtle AG ( ETR:BC8 ) share price has done very well over the last month, posting an excellent gain of 29%. Not...
Articolo di analisi Feb 20

Here's What To Make Of Bechtle's (ETR:BC8) Decelerating Rates Of Return

There are a few key trends to look for if we want to identify the next multi-bagger. Ideally, a business will show two...
Articolo di analisi Jan 22

Estimating The Intrinsic Value Of Bechtle AG (ETR:BC8)

Key Insights The projected fair value for Bechtle is €34.05 based on 2 Stage Free Cash Flow to Equity With €30.96 share...
Articolo di analisi Jan 09

Is There Now An Opportunity In Bechtle AG (ETR:BC8)?

Bechtle AG ( ETR:BC8 ), is not the largest company out there, but it received a lot of attention from a substantial...
Articolo di analisi Dec 26

Is Bechtle (ETR:BC8) A Risky Investment?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
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Nuova narrazione Dec 16

AI Integration And NIS2-Driven Cybersecurity Demand Will Accelerate Revenue Growth

Digital transformation and increased AI use could drive significant revenue growth through new technology adoption and market demands.
Articolo di analisi Dec 13

Investor Optimism Abounds Bechtle AG (ETR:BC8) But Growth Is Lacking

With a median price-to-earnings (or "P/E") ratio of close to 16x in Germany, you could be forgiven for feeling...
Articolo di analisi Nov 15

Bechtle's (ETR:BC8) Soft Earnings Don't Show The Whole Picture

Shareholders appeared unconcerned with Bechtle AG's ( ETR:BC8 ) lackluster earnings report last week. We did some...
Articolo di analisi Nov 13

Bechtle AG Just Missed EPS By 8.0%: Here's What Analysts Think Will Happen Next

It's been a good week for Bechtle AG ( ETR:BC8 ) shareholders, because the company has just released its latest...
Articolo di analisi Nov 03

Slowing Rates Of Return At Bechtle (ETR:BC8) Leave Little Room For Excitement

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Articolo di analisi Oct 07

An Intrinsic Calculation For Bechtle AG (ETR:BC8) Suggests It's 35% Undervalued

Key Insights Bechtle's estimated fair value is €60.40 based on 2 Stage Free Cash Flow to Equity Bechtle is estimated to...
Articolo di analisi Sep 24

Is There Now An Opportunity In Bechtle AG (ETR:BC8)?

While Bechtle AG ( ETR:BC8 ) might not have the largest market cap around , it received a lot of attention from a...
Articolo di analisi Aug 26

We Think Bechtle (ETR:BC8) Can Stay On Top Of Its Debt

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Articolo di analisi Aug 09

Bechtle AG's (ETR:BC8) Price Is Out Of Tune With Earnings

It's not a stretch to say that Bechtle AG's ( ETR:BC8 ) price-to-earnings (or "P/E") ratio of 18.7x right now seems...
Articolo di analisi Jul 25

Investors Met With Slowing Returns on Capital At Bechtle (ETR:BC8)

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Articolo di analisi Jun 28

Is Now The Time To Put Bechtle (ETR:BC8) On Your Watchlist?

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Articolo di analisi Jun 16

Estimating The Intrinsic Value Of Bechtle AG (ETR:BC8)

Key Insights Bechtle's estimated fair value is €54.29 based on 2 Stage Free Cash Flow to Equity Current share price of...
Articolo di analisi May 23

Is It Time To Consider Buying Bechtle AG (ETR:BC8)?

Bechtle AG ( ETR:BC8 ), might not be a large cap stock, but it received a lot of attention from a substantial price...
Articolo di analisi May 11

Revenue Miss: Bechtle AG Fell 5.1% Short Of Analyst Revenue Estimates And Analysts Have Been Revising Their Models

Bechtle AG ( ETR:BC8 ) missed earnings with its latest quarterly results, disappointing overly-optimistic forecasters...
Articolo di analisi Apr 27

Bechtle AG's (ETR:BC8) Price Is Out Of Tune With Earnings

Bechtle AG's ( ETR:BC8 ) price-to-earnings (or "P/E") ratio of 22x might make it look like a sell right now compared to...
Articolo di analisi Apr 14

Here's What To Make Of Bechtle's (ETR:BC8) Decelerating Rates Of Return

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Amongst other things, we'll want to...
Articolo di analisi Mar 20

Bechtle AG (ETR:BC8) Just Released Its Yearly Earnings: Here's What Analysts Think

Bechtle AG ( ETR:BC8 ) last week reported its latest annual results, which makes it a good time for investors to dive...
Articolo di analisi Jan 29

What Does Bechtle AG's (ETR:BC8) Share Price Indicate?

While Bechtle AG ( ETR:BC8 ) might not have the largest market cap around , it led the XTRA gainers with a relatively...
Articolo di analisi Jan 13

Calculating The Fair Value Of Bechtle AG (ETR:BC8)

Key Insights Bechtle's estimated fair value is €54.68 based on 2 Stage Free Cash Flow to Equity Current share price of...

Ripartizione dei ricavi e delle spese

Come Bechtle guadagna e spende denaro. In base agli ultimi utili dichiarati, su base LTM.


Storico di utili e ricavi

XTRA:BC8 Ricavi, spese e utili (EUR Millions )
DataRicaviUtiliSpese G+ASpese di R&S
31 Mar 266,5172359250
31 Dec 256,4062299070
30 Sep 256,3532158870
30 Jun 256,2762148710
31 Mar 256,2632268550
31 Dec 246,3062458390
30 Sep 246,3852508220
30 Jun 246,3532618170
31 Mar 246,3882678030
31 Dec 236,4232667940
30 Sep 236,2952617910
30 Jun 236,2802577740
31 Mar 236,1882557590
31 Dec 226,0282517340
30 Sep 225,7592486970
30 Jun 225,5732476680
31 Mar 225,3932416400
31 Dec 215,3052316280
30 Sep 214,8202286270
30 Jun 214,9142166140
31 Mar 214,9862006110
31 Dec 205,0501936060
30 Sep 205,6341875840
30 Jun 205,5401775830
31 Mar 205,4901755760
31 Dec 195,3741705560
30 Sep 195,1301605460
30 Jun 194,9041525180
31 Mar 194,6081444920
31 Dec 184,3231374630
30 Sep 184,0411264320
30 Jun 183,8651234180
31 Mar 183,7221174040
31 Dec 173,5701153890
30 Sep 173,4351133800
30 Jun 173,2911093690
31 Mar 173,1921063590
31 Dec 163,0941033490
30 Sep 162,9951023420
30 Jun 162,9511003330
31 Mar 162,914963270
31 Dec 152,831933210
30 Sep 152,766823180
30 Jun 152,699793110

Guadagni di qualità: BC8 ha guadagni di alta qualità.

Margine di profitto in crescita: Gli attuali margini di profitto netti di BC8 (3.6%) BC8 sono più alti rispetto allo scorso anno (3.6%).


Flusso di cassa libero e analisi degli utili


Analisi della crescita degli utili nel passato

Andamento degli utili: Gli utili di BC8 sono cresciuti del 0.5% all'anno negli ultimi 5 anni.

Accelerare la crescita: La crescita degli utili di BC8 nell'ultimo anno ( 4.2% ) supera la media quinquennale ( 0.5% all'anno).

Guadagni vs Settore: La crescita degli utili BC8 nell'ultimo anno ( 4.2% ) non ha superato quella del settore IT 4.2%.


Rendimento del capitale proprio

ROE elevato: Il Return on Equity ( 11.2% ) di BC8 è considerato basso.


Rendimento delle attività


Rendimento del capitale investito


Scoprire le aziende con forti performance passate

Analisi aziendale e situazione dei dati finanziari

DatiUltimo aggiornamento (ora UTC)
Analisi dell'azienda2026/05/20 09:23
Prezzo dell'azione a fine giornata2026/05/20 00:00
Utili2026/03/31
Utili annuali2025/12/31

Fonti dei dati

I dati utilizzati nella nostra analisi aziendale provengono da S&P Global Market Intelligence LLC. I seguenti dati sono utilizzati nel nostro modello di analisi per generare questo report. I dati sono normalizzati, il che può comportare un ritardo nella disponibilità della fonte.

PacchettoDatiTempisticaEsempio Fonte USA *
Dati finanziari della società10 anni
  • Conto economico
  • Rendiconto finanziario
  • Bilancio
Stime di consenso degli analisti+3 anni
  • Previsioni finanziarie
  • Obiettivi di prezzo degli analisti
Prezzi di mercato30 anni
  • Prezzi delle azioni
  • Dividendi, scissioni e azioni
Proprietà10 anni
  • Top azionisti
  • Insider trading
Gestione10 anni
  • Team di leadership
  • Consiglio di amministrazione
Sviluppi principali10 anni
  • Annunci aziendali

* Esempio per i titoli statunitensi, per i titoli non statunitensi si utilizzano forme e fonti normative equivalenti.

Se non specificato, tutti i dati finanziari si basano su un periodo annuale ma vengono aggiornati trimestralmente. Si tratta dei cosiddetti dati TTM (Trailing Twelve Month) o LTM (Last Twelve Month). Per saperne di più.

Modello di analisi e Snowflake

I dettagli del modello di analisi utilizzato per generare questo report sono disponibili sulla nostra pagina Github; abbiamo anche guide su come utilizzare i nostri report e tutorial su Youtube.

Scoprite il team di livello mondiale che ha progettato e realizzato il modello di analisi Simply Wall St.

Metriche di settore e industriali

Le nostre metriche di settore e di sezione sono calcolate ogni 6 ore da Simply Wall St; i dettagli del nostro processo sono disponibili su Github.

Fonti analitiche

Bechtle AG è coperta da 23 analisti. 11 di questi analisti ha fornito le stime di fatturato o di utile utilizzate come input per il nostro report. Le stime degli analisti vengono aggiornate nel corso della giornata.

AnalistaIstituzione
Knut WollerBaader Helvea Equity Research
Volker BosseBaader Helvea Equity Research
Gustav FrobergBerenberg