View Future GrowthBechtle 과거 순이익 실적과거 기준 점검 5/6Bechtle은 연평균 0.5%의 비율로 수입이 증가해 온 반면, IT 산업은 수입이 6.1% 증가했습니다. 매출은 연평균 5.3%의 비율로 증가했습니다. Bechtle의 자기자본이익률은 11.2%이고 순이익률은 3.6%입니다.핵심 정보0.47%순이익 성장률0.47%주당순이익(EPS) 성장률IT 산업 성장률13.97%매출 성장률5.29%자기자본이익률11.16%순이익률3.61%다음 순이익 업데이트12 Aug 2026최근 과거 실적 업데이트공시 • Jan 28Bechtle AG to Report Fiscal Year 2025 Results on Feb 06, 2026Bechtle AG announced that they will report fiscal year 2025 results at 5:30 PM, Central European Standard Time on Feb 06, 2026공시 • Jan 09+ 2 more updatesBechtle AG to Report Q1, 2026 Results on May 08, 2026Bechtle AG announced that they will report Q1, 2026 results on May 08, 2026공시 • Sep 18Bechtle AG to Report Fiscal Year 2025 Results on Mar 20, 2026Bechtle AG announced that they will report fiscal year 2025 results on Mar 20, 2026공시 • Jan 13+ 2 more updatesBechtle AG to Report Q3, 2025 Results on Nov 14, 2025Bechtle AG announced that they will report Q3, 2025 results on Nov 14, 2025공시 • Nov 11Bechtle AG to Report Fiscal Year 2024 Results on Mar 14, 2025Bechtle AG announced that they will report fiscal year 2024 results on Mar 14, 2025Reported Earnings • Nov 10Third quarter 2024 earnings: EPS misses analyst expectationsThird quarter 2024 results: EPS: €0.45 (down from €0.53 in 3Q 2023). Revenue: €1.51b (up 2.2% from 3Q 2023). Net income: €56.1m (down 16% from 3Q 2023). Profit margin: 3.7% (down from 4.5% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 8.0%. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings.모든 업데이트 보기Recent updates공시 • May 07+ 1 more updateBechtle AG, Annual General Meeting, Jun 17, 2026Bechtle AG, Annual General Meeting, Jun 17, 2026, at 10:00 W. Europe Standard Time.공시 • Jan 31Bechtle AG (XTRA:BC8) acquired Ris 2048 - Sistemas InformAticos E ComunicaCOes, S.A. from Luís Catalão and others.Bechtle AG (XTRA:BC8) acquired Ris 2048 - Sistemas InformAticos E ComunicaCOes, S.A. from Luís Catalão and others on January 29, 2026. On completion, the company will continue to operate within the Bechtle Group under the RIS and Evoware brands, enhancing Bechtle direct’s existing portfolio in Portugal with IT consulting and services. Co-founders and former majority shareholders Luís Catalão, who heads up RIS 2048, and Nuno Silva, Managing Director of Evoware, will continue to lead the business. The sale to Bechtle aims to accelerate growth within a large European organization. Bechtle AG (XTRA:BC8) completed the acquisition of Ris 2048 - Sistemas InformAticos E ComunicaCOes, S.A. from Luís Catalão and others on January 29, 2026.공시 • Jan 28Bechtle AG to Report Fiscal Year 2025 Results on Feb 06, 2026Bechtle AG announced that they will report fiscal year 2025 results at 5:30 PM, Central European Standard Time on Feb 06, 2026공시 • Jan 09+ 2 more updatesBechtle AG to Report Q1, 2026 Results on May 08, 2026Bechtle AG announced that they will report Q1, 2026 results on May 08, 2026공시 • Oct 08Bechtle AG (XTRA:BC8) agreed to acquire Nuovamacut Automazione SpA from TeamSystem Holding S.p.A.Bechtle AG (XTRA:BC8) agreed to acquire Nuovamacut Automazione SpA from TeamSystem Holding S.p.A. on October 7, 2025. As part of the acquisition, Nuovamacut’s management team will remain in place under the continued leadership of Sauro Lamberti. For the period ending December 31, 2024, Nuovamacut Automazione SpA reported total revenue of €63 million. The acquisition remains subject to approval by the relevant authorities. Tobias Schneider, Pietro Cavasola, Italo de Feo, Fabrizio Alimandi and Paolo Scarduelli of CMS acted as legal advisor for Bechtle AG.공시 • Sep 18Bechtle AG to Report Fiscal Year 2025 Results on Mar 20, 2026Bechtle AG announced that they will report fiscal year 2025 results on Mar 20, 2026공시 • Jul 03Bechtle AG (XTRA:BC8) acquired Grupo Solutia Tecnologia Sociedad Limitada from Valentin Rangel.Bechtle AG (XTRA:BC8) acquired Grupo Solutia Tecnologia Sociedad Limitada from Valentin Rangel on July 2, 2025. The existing management team, including founder and Chairman Valentin Rangel and CEO Juan Lucas Retamar, will remain at the Solutia Tecnologia. For the period ending December 31, 2024, Grupo Solutia Tecnologia Sociedad Limitada reported total revenue of €100 million. Macquarie Capital acted as financial advisor to Grupo Solutia Tecnologia Sociedad Limitada. Bechtle AG (XTRA:BC8) completed the acquisition of Grupo Solutia Tecnologia Sociedad Limitada from from Valentin Rangel on July 2, 2025.공시 • Apr 15Bechtle AG, Annual General Meeting, May 27, 2025Bechtle AG, Annual General Meeting, May 27, 2025, at 10:00 W. Europe Standard Time.공시 • Jan 13+ 2 more updatesBechtle AG to Report Q3, 2025 Results on Nov 14, 2025Bechtle AG announced that they will report Q3, 2025 results on Nov 14, 2025공시 • Nov 11Bechtle AG to Report Fiscal Year 2024 Results on Mar 14, 2025Bechtle AG announced that they will report fiscal year 2024 results on Mar 14, 2025Reported Earnings • Nov 10Third quarter 2024 earnings: EPS misses analyst expectationsThird quarter 2024 results: EPS: €0.45 (down from €0.53 in 3Q 2023). Revenue: €1.51b (up 2.2% from 3Q 2023). Net income: €56.1m (down 16% from 3Q 2023). Profit margin: 3.7% (down from 4.5% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 8.0%. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings.공시 • Oct 17+ 1 more updateBechtle AG (XTRA:BC8) acquired Driveworks Limited from BGF Investment Management Ltd.Bechtle AG (XTRA:BC8) acquired Driveworks Limited from BGF Investment Management Ltd. on October 16, 2024. DriveWorks employs 59 staff and achieved revenues of 6.5 million euros in the fiscal year 2023-24. Bechtle AG (XTRA:BC8) completed the acquisition of Driveworks Limited from BGF Investment Management Ltd. on October 16, 2024.공시 • Oct 08Bechtle AG (XTRA:BC8) acquired Qolcom Limited from Michelle Reading and Keith Alan Charles Reading.Bechtle AG (XTRA:BC8) acquired Qolcom Limited from Michelle Reading and Keith Alan Charles Reading on October 2, 2024. For Bechtle, the addition of Qolcom to the group provides increased market share, a new team of highly certified professional experts, and the ability to synergise and mesh portfolios to spur additional growth, particularly in terms of expanding further into the Network-as-a-Service (NaaS) space. Qolcom Limited reported total revenue of €30 million for the last fiscal year. Bechtle AG (XTRA:BC8) completed the acquisition of Qolcom Limited from Michelle Reading and Keith Alan Charles Reading on October 2, 2024.공시 • Sep 05Bechtle AG (XTRA:BC8) agreed to acquire S.I.G. System Informations Gesellschaft Mbh.Bechtle AG (XTRA:BC8) agreed to acquire S.I.G. System Informations Gesellschaft Mbh on September 3, 2024. In the last fiscal year 2023, S.I.G. System reported a revenue of €25.4 million. The founder of s.i.g. and outgoing managing director, Guido Fetzer, will initially remain with the company alongside his co-MD, Eugen Straub. The company name s.i.g. will also remain unchanged for the time being. The acquisition is subject to the approval of the relevant competition authorities.Reported Earnings • Aug 12Second quarter 2024 earnings: EPS and revenues miss analyst expectationsSecond quarter 2024 results: EPS: €0.47 (down from €0.52 in 2Q 2023). Revenue: €1.47b (down 2.3% from 2Q 2023). Net income: €59.7m (down 9.5% from 2Q 2023). Profit margin: 4.0% (down from 4.4% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 4.1%. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.공시 • Jul 04Bechtle AG (XTRA:BC8) acquired Magnetic Media Network Spa.Bechtle AG (XTRA:BC8) acquired Magnetic Media Network Spa on July 2, 2024. Magnetic Media Network has reported sales of €68.6 million in the 2022/23 financial year. Tobias Schneider, Dietmar Zischg, Federico Raffaelli and Alessandra Boati of CMS Hasche Sigle Partnerschaft von Rechtsanwälten und Steuerberatern mbB and CMS Adonnino Ascoli & Cavasola Scamoni acted as legal advisor to Bechtle. Bechtle AG (XTRA:BC8) completed the acquisition of Magnetic Media Network Spa on July 2, 2024.Buy Or Sell Opportunity • Jul 02Now 26% undervalued after recent price dropOver the last 90 days, the stock has fallen 16% to €40.66. The fair value is estimated to be €54.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 8.0%. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 18% in the next 2 years.Upcoming Dividend • Jun 05Upcoming dividend of €0.70 per shareEligible shareholders must have bought the stock before 12 June 2024. Payment date: 14 June 2024. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (2.3%).Reported Earnings • May 09First quarter 2024 earnings released: EPS: €0.46 (vs €0.45 in 1Q 2023)First quarter 2024 results: EPS: €0.46 (up from €0.45 in 1Q 2023). Revenue: €1.50b (down 2.3% from 1Q 2023). Net income: €58.5m (up 2.8% from 1Q 2023). Profit margin: 3.9% (up from 3.7% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.Buy Or Sell Opportunity • Apr 11Now 22% undervaluedOver the last 90 days, the stock has risen 7.2% to €48.52. The fair value is estimated to be €61.87, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 9.6%. For the next 3 years, revenue is forecast to grow by 7.3% per annum. Earnings are also forecast to grow by 8.8% per annum over the same time period.Buy Or Sell Opportunity • Mar 20Now 22% undervaluedOver the last 90 days, the stock has risen 5.1% to €47.51. The fair value is estimated to be €61.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 9.6%. For the next 3 years, revenue is forecast to grow by 7.3% per annum. Earnings are also forecast to grow by 8.8% per annum over the same time period.공시 • Mar 16+ 2 more updatesBechtle AG to Report First Half, 2024 Results on Aug 09, 2024Bechtle AG announced that they will report first half, 2024 results on Aug 09, 2024Reported Earnings • Mar 15Full year 2023 earnings: Revenues and EPS in line with analyst expectationsFull year 2023 results: EPS: €2.11 (up from €1.99 in FY 2022). Revenue: €6.42b (up 6.5% from FY 2022). Net income: €265.5m (up 5.7% from FY 2022). Profit margin: 4.1% (down from 4.2% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.Buy Or Sell Opportunity • Mar 06Now 20% undervaluedOver the last 90 days, the stock has risen 9.7% to €47.78. The fair value is estimated to be €59.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.1% over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to grow by 7.7% per annum. Earnings are also forecast to grow by 8.7% per annum over the same time period.Buy Or Sell Opportunity • Feb 19Now 23% undervalued after recent price dropOver the last 90 days, the stock has fallen 1.8% to €46.21. The fair value is estimated to be €59.95, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.1% over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to grow by 7.7% per annum. Earnings are also forecast to grow by 8.5% per annum over the same time period.공시 • Jan 05Bechtle Appoints Mathilde Bluteau as Head of French OperationsBechtle appointed Mathilde Bluteau to lead the group's activities in France with the goal of strengthening its position in the French market.공시 • Dec 05Bechtle AG announced that it has received €300 million in fundingOn December 4, 2023, Bechtle AG closed the transaction. Each €100,000 convertible bond will last seven years, paying 2% interest and can convert at €54.99, a 30% premium over the reference share price of €42.30.Reported Earnings • Nov 12Third quarter 2023 earnings: EPS in line with expectations, revenues disappointThird quarter 2023 results: EPS: €0.53 (up from €0.50 in 3Q 2022). Revenue: €1.48b (up 1.0% from 3Q 2022). Net income: €66.8m (up 5.3% from 3Q 2022). Profit margin: 4.5% (up from 4.3% in 3Q 2022). Revenue missed analyst estimates by 4.7%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.공시 • Nov 03+ 1 more updateBechtle AG to Report Fiscal Year 2023 Results on Mar 15, 2024Bechtle AG announced that they will report fiscal year 2023 results on Mar 15, 2024공시 • Oct 07Bechtle AG (XTRA:BC8) acquired APIXIT SAS.Bechtle AG (XTRA:BC8) signed an Letter of Intent to acquire APIXIT SAS on June 29, 2023. The transaction is subject to approval from Apixit’s workers’ council and the relevant French authorities. Alexandra Rohmert of CMS acted as legal advisor to Bechtle.Bechtle AG (XTRA:BC8) completed the acquisition of APIXIT SAS on October 5, 2023. The transaction has received approval from Apixit’s workers’ council and the relevant French authorities.Reported Earnings • Aug 13Second quarter 2023 earnings: EPS exceeds analyst expectationsSecond quarter 2023 results: EPS: €0.52 (up from €0.51 in 2Q 2022). Revenue: €1.51b (up 6.5% from 2Q 2022). Net income: €66.0m (up 3.7% from 2Q 2022). Profit margin: 4.4% (down from 4.5% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.4%. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.공시 • Aug 07Bechtle AG (XTRA:BC8) acquired Sastema Gmbh.Bechtle AG (XTRA:BC8) acquired Sastema Gmbh on August 7, 2023. Sastema will be fully integrated into the Bechtle IT System House Frankfurt and a new IAM Competence Centre established headed up by sastema managing director, Sven Almoril. Sastema has reported revenues of €2.2 million in the last fiscal year. Bechtle AG (XTRA:BC8) completed the acquisition of Sastema Gmbh on August 7, 2023.공시 • Aug 05Bechtle AG (XTRA:BC8) acquired Prosol Ingeniería S.L. and Prosol Iscat S.L.Bechtle AG (XTRA:BC8) acquired Prosol Ingeniería S.L. and Prosol Iscat S.L. on August 4, 2023. Prosol will continue to operate under its brand until fully integrated, after which it will serve its public-sector and business customers under the Bechtle name. Prosol Ingeniería and Prosol Iscat have reported revenues of €15 million in 2022. Prosol’s founder, managing director and primary shareholder, Manuel Climent, will stay on board in an advisory capacity during the period of integration. The three remaining members of the board overseeing sales, technology and finance will remain in their positions. Juan-José Moneo will take over the reins of the company alongside his role of Managing Director of Bechtle direct Spain. Bechtle AG (XTRA:BC8) completed the acquisition of Prosol Ingeniería S.L. and Prosol Iscat S.L. on August 4, 2023.공시 • Jul 06Bechtle AG (XTRA:BC8) signed an Letter of Intent to acquire APIXIT SAS.Bechtle AG (XTRA:BC8) signed an Letter of Intent to acquire APIXIT SAS on July 5, 2023.Buying Opportunity • May 24Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 9.3%. The fair value is estimated to be €46.93, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.0% over the last 3 years. Earnings per share has grown by 14%. Revenue is forecast to grow by 16% in 2 years. Earnings is forecast to grow by 16% in the next 2 years.Upcoming Dividend • May 19Upcoming dividend of €0.65 per share at 1.7% yieldEligible shareholders must have bought the stock before 26 May 2023. Payment date: 31 May 2023. Payout ratio is a comfortable 33% but the company is paying out more than the cash it is generating. Trailing yield: 1.7%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (2.2%).공시 • May 06Bechtle AG (XTRA:BC8) acquired SGSolution AG.Bechtle AG (XTRA:BC8) acquired SGSolution AG on May 4, 2023. For the year ending 2022, SGSolution reported revenues of CHF 4.1 million. Bechtle AG (XTRA:BC8) completed the acquisition of SGSolution AG on May 4, 2023.Reported Earnings • Mar 23Full year 2022 earnings: Revenues and EPS in line with analyst expectationsFull year 2022 results: EPS: €1.99 (up from €1.84 in FY 2021). Revenue: €6.03b (up 14% from FY 2021). Net income: €251.1m (up 8.5% from FY 2021). Profit margin: 4.2% (down from 4.4% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.Buying Opportunity • Mar 01Now 22% undervaluedOver the last 90 days, the stock is up 8.4%. The fair value is estimated to be €50.44, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 15%. For the next 3 years, revenue is forecast to grow by 8.2% per annum. Earnings is also forecast to grow by 7.9% per annum over the same time period.Buying Opportunity • Feb 07Now 20% undervaluedOver the last 90 days, the stock is up 11%. The fair value is estimated to be €50.78, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 15%. For the next 3 years, revenue is forecast to grow by 8.4% per annum. Earnings is also forecast to grow by 7.6% per annum over the same time period.공시 • Jan 13+ 3 more updatesBechtle AG to Report First Half, 2023 Results on Aug 11, 2023Bechtle AG announced that they will report first half, 2023 results on Aug 11, 2023Buying Opportunity • Nov 04Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 23%. The fair value is estimated to be €42.80, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 16%. Revenue is forecast to grow by 17% in 2 years. Earnings is forecast to grow by 15% in the next 2 years.공시 • Nov 04Bechtle AG, Annual General Meeting, May 25, 2023Bechtle AG, Annual General Meeting, May 25, 2023.Reported Earnings • Aug 14Second quarter 2022 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2022 results: EPS: €0.51 (up from €0.46 in 2Q 2021). Revenue: €1.42b (up 14% from 2Q 2021). Net income: €63.6m (up 11% from 2Q 2021). Profit margin: 4.5% (down from 4.6% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.2%. Earnings per share (EPS) also surpassed analyst estimates by 17%. Over the next year, revenue is forecast to grow 7.2%, compared to a 16% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 15% per year.Valuation Update With 7 Day Price Move • Jul 26Investor sentiment improved over the past weekAfter last week's 16% share price gain to €42.19, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 21x in the IT industry in Germany. Total returns to shareholders of 29% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €55.44 per share.Upcoming Dividend • May 27Upcoming dividend of €0.55 per shareEligible shareholders must have bought the stock before 03 June 2022. Payment date: 08 June 2022. Payout ratio is a comfortable 29% and the cash payout ratio is 81%. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (4.3%). In line with average of industry peers (1.4%).Buying Opportunity • May 07Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 22%. The fair value is estimated to be €51.63, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.5% over the last 3 years. Earnings per share has grown by 17%. For the next 3 years, revenue is forecast to grow by 7.9% per annum. Earnings is also forecast to grow by 8.4% per annum over the same time period.Reported Earnings • Nov 12Third quarter 2021 earnings released: EPS €0.50 (vs €0.40 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €1.50b (up 9.1% from 3Q 2020). Net income: €62.7m (up 24% from 3Q 2020). Profit margin: 4.2% (up from 3.7% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Aug 20Investor sentiment improved over the past weekAfter last week's 201% share price gain to €58.54, the stock trades at a forward P/E ratio of 49x. Average forward P/E is 27x in the IT industry in Germany. Total returns to shareholders of 502% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €40.76 per share.Price Target Changed • Aug 20Price target increased to €41.68Up from €20.19, the current price target is an average from 8 analysts. New target price is 29% below last closing price of €58.54. Stock is up 223% over the past year.Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS €0.46 (vs €0.32 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €1.43b (up 9.3% from 2Q 2020). Net income: €57.4m (up 41% from 2Q 2020). Profit margin: 4.0% (up from 3.1% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Jun 10Upcoming dividend of €1.35 per shareEligible shareholders must have bought the stock before 16 June 2021. Payment date: 18 June 2021. Trailing yield: 0.9%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (1.2%).Reported Earnings • May 12First quarter 2021 earnings released: EPS €1.04 (vs €0.87 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €1.51b (up 11% from 1Q 2020). Net income: €43.6m (up 20% from 1Q 2020). Profit margin: 2.9% (up from 2.7% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Mar 24Full year 2020 earnings released: EPS €4.58 (vs €4.06 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: €5.82b (up 8.3% from FY 2019). Net income: €192.5m (up 13% from FY 2019). Profit margin: 3.3% (up from 3.2% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth.Is New 90 Day High Low • Feb 11New 90-day low: €170The company is down 2.0% from its price of €173 on 13 November 2020. The German market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €55.39 per share.Price Target Changed • Dec 15Price target raised to €166Up from €148, the current price target is an average from 9 analysts. The new target price is 6.1% below the current share price of €177. As of last close, the stock is up 42% over the past year.Is New 90 Day High Low • Nov 20New 90-day high: €183The company is up 12% from its price of €163 on 21 August 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €51.49 per share.Analyst Estimate Surprise Post Earnings • Nov 12Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 19%. Over the next year, revenue is forecast to grow 10%, compared to a 9.3% growth forecast for the IT industry in Germany.Reported Earnings • Nov 12Third quarter 2020 earnings released: EPS €1.21The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: €1.37b (up 7.4% from 3Q 2019). Net income: €50.8m (up 26% from 3Q 2019). Profit margin: 3.7% (up from 3.2% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth.Is New 90 Day High Low • Oct 24New 90-day low: €154The company is down 4.0% from its price of €160 on 24 July 2020. The German market is down 1.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is down 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €78.72 per share.Is New 90 Day High Low • Oct 05New 90-day high: €178The company is up 9.0% from its price of €164 on 07 July 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €78.83 per share.Is New 90 Day High Low • Sep 19New 90-day high: €172The company is up 11% from its price of €156 on 19 June 2020. The German market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €79.37 per share.매출 및 비용 세부 내역Bechtle가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이DB:BC8 매출, 비용 및 순이익 (EUR Millions)날짜매출순이익일반관리비연구개발비31 Mar 266,517235925031 Dec 256,406229907030 Sep 256,353215887030 Jun 256,276214871031 Mar 256,263226855031 Dec 246,306245839030 Sep 246,385250822030 Jun 246,353261817031 Mar 246,388267803031 Dec 236,423266794030 Sep 236,295261791030 Jun 236,280257774031 Mar 236,188255759031 Dec 226,028251734030 Sep 225,759248697030 Jun 225,573247668031 Mar 225,393241640031 Dec 215,305231628030 Sep 214,820228627030 Jun 214,914216614031 Mar 214,986200611031 Dec 205,050193606030 Sep 205,634187584030 Jun 205,540177583031 Mar 205,490175576031 Dec 195,374170556030 Sep 195,130160546030 Jun 194,904152518031 Mar 194,608144492031 Dec 184,323137463030 Sep 184,041126432030 Jun 183,865123418031 Mar 183,722117404031 Dec 173,570115389030 Sep 173,435113380030 Jun 173,291109369031 Mar 173,192106359031 Dec 163,094103349030 Sep 162,995102342030 Jun 162,951100333031 Mar 162,91496327031 Dec 152,83193321030 Sep 152,76682318030 Jun 152,699793110양질의 수익: BC8는 고품질 수익을 보유하고 있습니다.이익 마진 증가: BC8의 현재 순 이익률 (3.6%)은 지난해 (3.6%)보다 높습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: BC8의 수익은 지난 5년 동안 연평균 0.5% 증가했습니다.성장 가속화: 지난 1년간 BC8 의 수익 증가율(4.2%)은 연간 평균(0.5%)을 초과합니다.수익 대 산업: BC8의 지난 1년 수익 증가율(4.2%)은 IT 업계의 4%를 상회했습니다.자기자본이익률높은 ROE: BC8의 자본 수익률(11.2%)은 낮음으로 평가됩니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YSoftware 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/31 07:21종가2026/05/29 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Bechtle AG는 23명의 분석가가 다루고 있습니다. 이 중 11명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Knut WollerBaader Helvea Equity ResearchVolker BosseBaader Helvea Equity ResearchGustav FrobergBerenberg20명의 분석가 더 보기
공시 • Jan 28Bechtle AG to Report Fiscal Year 2025 Results on Feb 06, 2026Bechtle AG announced that they will report fiscal year 2025 results at 5:30 PM, Central European Standard Time on Feb 06, 2026
공시 • Jan 09+ 2 more updatesBechtle AG to Report Q1, 2026 Results on May 08, 2026Bechtle AG announced that they will report Q1, 2026 results on May 08, 2026
공시 • Sep 18Bechtle AG to Report Fiscal Year 2025 Results on Mar 20, 2026Bechtle AG announced that they will report fiscal year 2025 results on Mar 20, 2026
공시 • Jan 13+ 2 more updatesBechtle AG to Report Q3, 2025 Results on Nov 14, 2025Bechtle AG announced that they will report Q3, 2025 results on Nov 14, 2025
공시 • Nov 11Bechtle AG to Report Fiscal Year 2024 Results on Mar 14, 2025Bechtle AG announced that they will report fiscal year 2024 results on Mar 14, 2025
Reported Earnings • Nov 10Third quarter 2024 earnings: EPS misses analyst expectationsThird quarter 2024 results: EPS: €0.45 (down from €0.53 in 3Q 2023). Revenue: €1.51b (up 2.2% from 3Q 2023). Net income: €56.1m (down 16% from 3Q 2023). Profit margin: 3.7% (down from 4.5% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 8.0%. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings.
공시 • May 07+ 1 more updateBechtle AG, Annual General Meeting, Jun 17, 2026Bechtle AG, Annual General Meeting, Jun 17, 2026, at 10:00 W. Europe Standard Time.
공시 • Jan 31Bechtle AG (XTRA:BC8) acquired Ris 2048 - Sistemas InformAticos E ComunicaCOes, S.A. from Luís Catalão and others.Bechtle AG (XTRA:BC8) acquired Ris 2048 - Sistemas InformAticos E ComunicaCOes, S.A. from Luís Catalão and others on January 29, 2026. On completion, the company will continue to operate within the Bechtle Group under the RIS and Evoware brands, enhancing Bechtle direct’s existing portfolio in Portugal with IT consulting and services. Co-founders and former majority shareholders Luís Catalão, who heads up RIS 2048, and Nuno Silva, Managing Director of Evoware, will continue to lead the business. The sale to Bechtle aims to accelerate growth within a large European organization. Bechtle AG (XTRA:BC8) completed the acquisition of Ris 2048 - Sistemas InformAticos E ComunicaCOes, S.A. from Luís Catalão and others on January 29, 2026.
공시 • Jan 28Bechtle AG to Report Fiscal Year 2025 Results on Feb 06, 2026Bechtle AG announced that they will report fiscal year 2025 results at 5:30 PM, Central European Standard Time on Feb 06, 2026
공시 • Jan 09+ 2 more updatesBechtle AG to Report Q1, 2026 Results on May 08, 2026Bechtle AG announced that they will report Q1, 2026 results on May 08, 2026
공시 • Oct 08Bechtle AG (XTRA:BC8) agreed to acquire Nuovamacut Automazione SpA from TeamSystem Holding S.p.A.Bechtle AG (XTRA:BC8) agreed to acquire Nuovamacut Automazione SpA from TeamSystem Holding S.p.A. on October 7, 2025. As part of the acquisition, Nuovamacut’s management team will remain in place under the continued leadership of Sauro Lamberti. For the period ending December 31, 2024, Nuovamacut Automazione SpA reported total revenue of €63 million. The acquisition remains subject to approval by the relevant authorities. Tobias Schneider, Pietro Cavasola, Italo de Feo, Fabrizio Alimandi and Paolo Scarduelli of CMS acted as legal advisor for Bechtle AG.
공시 • Sep 18Bechtle AG to Report Fiscal Year 2025 Results on Mar 20, 2026Bechtle AG announced that they will report fiscal year 2025 results on Mar 20, 2026
공시 • Jul 03Bechtle AG (XTRA:BC8) acquired Grupo Solutia Tecnologia Sociedad Limitada from Valentin Rangel.Bechtle AG (XTRA:BC8) acquired Grupo Solutia Tecnologia Sociedad Limitada from Valentin Rangel on July 2, 2025. The existing management team, including founder and Chairman Valentin Rangel and CEO Juan Lucas Retamar, will remain at the Solutia Tecnologia. For the period ending December 31, 2024, Grupo Solutia Tecnologia Sociedad Limitada reported total revenue of €100 million. Macquarie Capital acted as financial advisor to Grupo Solutia Tecnologia Sociedad Limitada. Bechtle AG (XTRA:BC8) completed the acquisition of Grupo Solutia Tecnologia Sociedad Limitada from from Valentin Rangel on July 2, 2025.
공시 • Apr 15Bechtle AG, Annual General Meeting, May 27, 2025Bechtle AG, Annual General Meeting, May 27, 2025, at 10:00 W. Europe Standard Time.
공시 • Jan 13+ 2 more updatesBechtle AG to Report Q3, 2025 Results on Nov 14, 2025Bechtle AG announced that they will report Q3, 2025 results on Nov 14, 2025
공시 • Nov 11Bechtle AG to Report Fiscal Year 2024 Results on Mar 14, 2025Bechtle AG announced that they will report fiscal year 2024 results on Mar 14, 2025
Reported Earnings • Nov 10Third quarter 2024 earnings: EPS misses analyst expectationsThird quarter 2024 results: EPS: €0.45 (down from €0.53 in 3Q 2023). Revenue: €1.51b (up 2.2% from 3Q 2023). Net income: €56.1m (down 16% from 3Q 2023). Profit margin: 3.7% (down from 4.5% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 8.0%. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings.
공시 • Oct 17+ 1 more updateBechtle AG (XTRA:BC8) acquired Driveworks Limited from BGF Investment Management Ltd.Bechtle AG (XTRA:BC8) acquired Driveworks Limited from BGF Investment Management Ltd. on October 16, 2024. DriveWorks employs 59 staff and achieved revenues of 6.5 million euros in the fiscal year 2023-24. Bechtle AG (XTRA:BC8) completed the acquisition of Driveworks Limited from BGF Investment Management Ltd. on October 16, 2024.
공시 • Oct 08Bechtle AG (XTRA:BC8) acquired Qolcom Limited from Michelle Reading and Keith Alan Charles Reading.Bechtle AG (XTRA:BC8) acquired Qolcom Limited from Michelle Reading and Keith Alan Charles Reading on October 2, 2024. For Bechtle, the addition of Qolcom to the group provides increased market share, a new team of highly certified professional experts, and the ability to synergise and mesh portfolios to spur additional growth, particularly in terms of expanding further into the Network-as-a-Service (NaaS) space. Qolcom Limited reported total revenue of €30 million for the last fiscal year. Bechtle AG (XTRA:BC8) completed the acquisition of Qolcom Limited from Michelle Reading and Keith Alan Charles Reading on October 2, 2024.
공시 • Sep 05Bechtle AG (XTRA:BC8) agreed to acquire S.I.G. System Informations Gesellschaft Mbh.Bechtle AG (XTRA:BC8) agreed to acquire S.I.G. System Informations Gesellschaft Mbh on September 3, 2024. In the last fiscal year 2023, S.I.G. System reported a revenue of €25.4 million. The founder of s.i.g. and outgoing managing director, Guido Fetzer, will initially remain with the company alongside his co-MD, Eugen Straub. The company name s.i.g. will also remain unchanged for the time being. The acquisition is subject to the approval of the relevant competition authorities.
Reported Earnings • Aug 12Second quarter 2024 earnings: EPS and revenues miss analyst expectationsSecond quarter 2024 results: EPS: €0.47 (down from €0.52 in 2Q 2023). Revenue: €1.47b (down 2.3% from 2Q 2023). Net income: €59.7m (down 9.5% from 2Q 2023). Profit margin: 4.0% (down from 4.4% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 4.1%. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.
공시 • Jul 04Bechtle AG (XTRA:BC8) acquired Magnetic Media Network Spa.Bechtle AG (XTRA:BC8) acquired Magnetic Media Network Spa on July 2, 2024. Magnetic Media Network has reported sales of €68.6 million in the 2022/23 financial year. Tobias Schneider, Dietmar Zischg, Federico Raffaelli and Alessandra Boati of CMS Hasche Sigle Partnerschaft von Rechtsanwälten und Steuerberatern mbB and CMS Adonnino Ascoli & Cavasola Scamoni acted as legal advisor to Bechtle. Bechtle AG (XTRA:BC8) completed the acquisition of Magnetic Media Network Spa on July 2, 2024.
Buy Or Sell Opportunity • Jul 02Now 26% undervalued after recent price dropOver the last 90 days, the stock has fallen 16% to €40.66. The fair value is estimated to be €54.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 8.0%. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 18% in the next 2 years.
Upcoming Dividend • Jun 05Upcoming dividend of €0.70 per shareEligible shareholders must have bought the stock before 12 June 2024. Payment date: 14 June 2024. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (2.3%).
Reported Earnings • May 09First quarter 2024 earnings released: EPS: €0.46 (vs €0.45 in 1Q 2023)First quarter 2024 results: EPS: €0.46 (up from €0.45 in 1Q 2023). Revenue: €1.50b (down 2.3% from 1Q 2023). Net income: €58.5m (up 2.8% from 1Q 2023). Profit margin: 3.9% (up from 3.7% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
Buy Or Sell Opportunity • Apr 11Now 22% undervaluedOver the last 90 days, the stock has risen 7.2% to €48.52. The fair value is estimated to be €61.87, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 9.6%. For the next 3 years, revenue is forecast to grow by 7.3% per annum. Earnings are also forecast to grow by 8.8% per annum over the same time period.
Buy Or Sell Opportunity • Mar 20Now 22% undervaluedOver the last 90 days, the stock has risen 5.1% to €47.51. The fair value is estimated to be €61.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 9.6%. For the next 3 years, revenue is forecast to grow by 7.3% per annum. Earnings are also forecast to grow by 8.8% per annum over the same time period.
공시 • Mar 16+ 2 more updatesBechtle AG to Report First Half, 2024 Results on Aug 09, 2024Bechtle AG announced that they will report first half, 2024 results on Aug 09, 2024
Reported Earnings • Mar 15Full year 2023 earnings: Revenues and EPS in line with analyst expectationsFull year 2023 results: EPS: €2.11 (up from €1.99 in FY 2022). Revenue: €6.42b (up 6.5% from FY 2022). Net income: €265.5m (up 5.7% from FY 2022). Profit margin: 4.1% (down from 4.2% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
Buy Or Sell Opportunity • Mar 06Now 20% undervaluedOver the last 90 days, the stock has risen 9.7% to €47.78. The fair value is estimated to be €59.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.1% over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to grow by 7.7% per annum. Earnings are also forecast to grow by 8.7% per annum over the same time period.
Buy Or Sell Opportunity • Feb 19Now 23% undervalued after recent price dropOver the last 90 days, the stock has fallen 1.8% to €46.21. The fair value is estimated to be €59.95, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.1% over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to grow by 7.7% per annum. Earnings are also forecast to grow by 8.5% per annum over the same time period.
공시 • Jan 05Bechtle Appoints Mathilde Bluteau as Head of French OperationsBechtle appointed Mathilde Bluteau to lead the group's activities in France with the goal of strengthening its position in the French market.
공시 • Dec 05Bechtle AG announced that it has received €300 million in fundingOn December 4, 2023, Bechtle AG closed the transaction. Each €100,000 convertible bond will last seven years, paying 2% interest and can convert at €54.99, a 30% premium over the reference share price of €42.30.
Reported Earnings • Nov 12Third quarter 2023 earnings: EPS in line with expectations, revenues disappointThird quarter 2023 results: EPS: €0.53 (up from €0.50 in 3Q 2022). Revenue: €1.48b (up 1.0% from 3Q 2022). Net income: €66.8m (up 5.3% from 3Q 2022). Profit margin: 4.5% (up from 4.3% in 3Q 2022). Revenue missed analyst estimates by 4.7%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.
공시 • Nov 03+ 1 more updateBechtle AG to Report Fiscal Year 2023 Results on Mar 15, 2024Bechtle AG announced that they will report fiscal year 2023 results on Mar 15, 2024
공시 • Oct 07Bechtle AG (XTRA:BC8) acquired APIXIT SAS.Bechtle AG (XTRA:BC8) signed an Letter of Intent to acquire APIXIT SAS on June 29, 2023. The transaction is subject to approval from Apixit’s workers’ council and the relevant French authorities. Alexandra Rohmert of CMS acted as legal advisor to Bechtle.Bechtle AG (XTRA:BC8) completed the acquisition of APIXIT SAS on October 5, 2023. The transaction has received approval from Apixit’s workers’ council and the relevant French authorities.
Reported Earnings • Aug 13Second quarter 2023 earnings: EPS exceeds analyst expectationsSecond quarter 2023 results: EPS: €0.52 (up from €0.51 in 2Q 2022). Revenue: €1.51b (up 6.5% from 2Q 2022). Net income: €66.0m (up 3.7% from 2Q 2022). Profit margin: 4.4% (down from 4.5% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.4%. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
공시 • Aug 07Bechtle AG (XTRA:BC8) acquired Sastema Gmbh.Bechtle AG (XTRA:BC8) acquired Sastema Gmbh on August 7, 2023. Sastema will be fully integrated into the Bechtle IT System House Frankfurt and a new IAM Competence Centre established headed up by sastema managing director, Sven Almoril. Sastema has reported revenues of €2.2 million in the last fiscal year. Bechtle AG (XTRA:BC8) completed the acquisition of Sastema Gmbh on August 7, 2023.
공시 • Aug 05Bechtle AG (XTRA:BC8) acquired Prosol Ingeniería S.L. and Prosol Iscat S.L.Bechtle AG (XTRA:BC8) acquired Prosol Ingeniería S.L. and Prosol Iscat S.L. on August 4, 2023. Prosol will continue to operate under its brand until fully integrated, after which it will serve its public-sector and business customers under the Bechtle name. Prosol Ingeniería and Prosol Iscat have reported revenues of €15 million in 2022. Prosol’s founder, managing director and primary shareholder, Manuel Climent, will stay on board in an advisory capacity during the period of integration. The three remaining members of the board overseeing sales, technology and finance will remain in their positions. Juan-José Moneo will take over the reins of the company alongside his role of Managing Director of Bechtle direct Spain. Bechtle AG (XTRA:BC8) completed the acquisition of Prosol Ingeniería S.L. and Prosol Iscat S.L. on August 4, 2023.
공시 • Jul 06Bechtle AG (XTRA:BC8) signed an Letter of Intent to acquire APIXIT SAS.Bechtle AG (XTRA:BC8) signed an Letter of Intent to acquire APIXIT SAS on July 5, 2023.
Buying Opportunity • May 24Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 9.3%. The fair value is estimated to be €46.93, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.0% over the last 3 years. Earnings per share has grown by 14%. Revenue is forecast to grow by 16% in 2 years. Earnings is forecast to grow by 16% in the next 2 years.
Upcoming Dividend • May 19Upcoming dividend of €0.65 per share at 1.7% yieldEligible shareholders must have bought the stock before 26 May 2023. Payment date: 31 May 2023. Payout ratio is a comfortable 33% but the company is paying out more than the cash it is generating. Trailing yield: 1.7%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (2.2%).
공시 • May 06Bechtle AG (XTRA:BC8) acquired SGSolution AG.Bechtle AG (XTRA:BC8) acquired SGSolution AG on May 4, 2023. For the year ending 2022, SGSolution reported revenues of CHF 4.1 million. Bechtle AG (XTRA:BC8) completed the acquisition of SGSolution AG on May 4, 2023.
Reported Earnings • Mar 23Full year 2022 earnings: Revenues and EPS in line with analyst expectationsFull year 2022 results: EPS: €1.99 (up from €1.84 in FY 2021). Revenue: €6.03b (up 14% from FY 2021). Net income: €251.1m (up 8.5% from FY 2021). Profit margin: 4.2% (down from 4.4% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
Buying Opportunity • Mar 01Now 22% undervaluedOver the last 90 days, the stock is up 8.4%. The fair value is estimated to be €50.44, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 15%. For the next 3 years, revenue is forecast to grow by 8.2% per annum. Earnings is also forecast to grow by 7.9% per annum over the same time period.
Buying Opportunity • Feb 07Now 20% undervaluedOver the last 90 days, the stock is up 11%. The fair value is estimated to be €50.78, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 15%. For the next 3 years, revenue is forecast to grow by 8.4% per annum. Earnings is also forecast to grow by 7.6% per annum over the same time period.
공시 • Jan 13+ 3 more updatesBechtle AG to Report First Half, 2023 Results on Aug 11, 2023Bechtle AG announced that they will report first half, 2023 results on Aug 11, 2023
Buying Opportunity • Nov 04Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 23%. The fair value is estimated to be €42.80, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 16%. Revenue is forecast to grow by 17% in 2 years. Earnings is forecast to grow by 15% in the next 2 years.
공시 • Nov 04Bechtle AG, Annual General Meeting, May 25, 2023Bechtle AG, Annual General Meeting, May 25, 2023.
Reported Earnings • Aug 14Second quarter 2022 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2022 results: EPS: €0.51 (up from €0.46 in 2Q 2021). Revenue: €1.42b (up 14% from 2Q 2021). Net income: €63.6m (up 11% from 2Q 2021). Profit margin: 4.5% (down from 4.6% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.2%. Earnings per share (EPS) also surpassed analyst estimates by 17%. Over the next year, revenue is forecast to grow 7.2%, compared to a 16% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 15% per year.
Valuation Update With 7 Day Price Move • Jul 26Investor sentiment improved over the past weekAfter last week's 16% share price gain to €42.19, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 21x in the IT industry in Germany. Total returns to shareholders of 29% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €55.44 per share.
Upcoming Dividend • May 27Upcoming dividend of €0.55 per shareEligible shareholders must have bought the stock before 03 June 2022. Payment date: 08 June 2022. Payout ratio is a comfortable 29% and the cash payout ratio is 81%. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (4.3%). In line with average of industry peers (1.4%).
Buying Opportunity • May 07Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 22%. The fair value is estimated to be €51.63, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.5% over the last 3 years. Earnings per share has grown by 17%. For the next 3 years, revenue is forecast to grow by 7.9% per annum. Earnings is also forecast to grow by 8.4% per annum over the same time period.
Reported Earnings • Nov 12Third quarter 2021 earnings released: EPS €0.50 (vs €0.40 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €1.50b (up 9.1% from 3Q 2020). Net income: €62.7m (up 24% from 3Q 2020). Profit margin: 4.2% (up from 3.7% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Aug 20Investor sentiment improved over the past weekAfter last week's 201% share price gain to €58.54, the stock trades at a forward P/E ratio of 49x. Average forward P/E is 27x in the IT industry in Germany. Total returns to shareholders of 502% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €40.76 per share.
Price Target Changed • Aug 20Price target increased to €41.68Up from €20.19, the current price target is an average from 8 analysts. New target price is 29% below last closing price of €58.54. Stock is up 223% over the past year.
Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS €0.46 (vs €0.32 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €1.43b (up 9.3% from 2Q 2020). Net income: €57.4m (up 41% from 2Q 2020). Profit margin: 4.0% (up from 3.1% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Jun 10Upcoming dividend of €1.35 per shareEligible shareholders must have bought the stock before 16 June 2021. Payment date: 18 June 2021. Trailing yield: 0.9%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (1.2%).
Reported Earnings • May 12First quarter 2021 earnings released: EPS €1.04 (vs €0.87 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €1.51b (up 11% from 1Q 2020). Net income: €43.6m (up 20% from 1Q 2020). Profit margin: 2.9% (up from 2.7% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Mar 24Full year 2020 earnings released: EPS €4.58 (vs €4.06 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: €5.82b (up 8.3% from FY 2019). Net income: €192.5m (up 13% from FY 2019). Profit margin: 3.3% (up from 3.2% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth.
Is New 90 Day High Low • Feb 11New 90-day low: €170The company is down 2.0% from its price of €173 on 13 November 2020. The German market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €55.39 per share.
Price Target Changed • Dec 15Price target raised to €166Up from €148, the current price target is an average from 9 analysts. The new target price is 6.1% below the current share price of €177. As of last close, the stock is up 42% over the past year.
Is New 90 Day High Low • Nov 20New 90-day high: €183The company is up 12% from its price of €163 on 21 August 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €51.49 per share.
Analyst Estimate Surprise Post Earnings • Nov 12Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 19%. Over the next year, revenue is forecast to grow 10%, compared to a 9.3% growth forecast for the IT industry in Germany.
Reported Earnings • Nov 12Third quarter 2020 earnings released: EPS €1.21The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: €1.37b (up 7.4% from 3Q 2019). Net income: €50.8m (up 26% from 3Q 2019). Profit margin: 3.7% (up from 3.2% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth.
Is New 90 Day High Low • Oct 24New 90-day low: €154The company is down 4.0% from its price of €160 on 24 July 2020. The German market is down 1.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is down 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €78.72 per share.
Is New 90 Day High Low • Oct 05New 90-day high: €178The company is up 9.0% from its price of €164 on 07 July 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €78.83 per share.
Is New 90 Day High Low • Sep 19New 90-day high: €172The company is up 11% from its price of €156 on 19 June 2020. The German market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €79.37 per share.