Bechtle AG

SWX:BC8 Stock Report

Market Cap: CHF 4.0b

Bechtle Valuation

Is BC8 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of BC8 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: BC8 (CHF32.26) is trading below our estimate of future cash flow value (CHF42.28)

Significantly Below Future Cash Flow Value: BC8 is trading below future cash flow value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BC8?

Key metric: As BC8 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for BC8. This is calculated by dividing BC8's market cap by their current earnings.
What is BC8's PE Ratio?
PE Ratio17.2x
Earnings€245.52m
Market Cap€4.21b

Price to Earnings Ratio vs Peers

How does BC8's PE Ratio compare to its peers?

The above table shows the PE ratio for BC8 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average20.6x
TEMN Temenos
29x12.06%CHF 4.6b
A064400 LG CNS
13.9x9.59%₩6.8t
REY Reply
16.6x9.54%€4.3b
526299 Mphasis
23.1x11.52%₹440.9b
BC8 Bechtle
17.2x7.99%CHF 4.2b

Price-To-Earnings vs Peers: BC8 is good value based on its Price-To-Earnings Ratio (17.2x) compared to the peer average (20.6x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does BC8's PE Ratio compare vs other companies in the European IT Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
BC8 17.2xIndustry Avg. 18.2xNo. of Companies21PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BC8 is good value based on its Price-To-Earnings Ratio (17.2x) compared to the European IT industry average (18.2x).

Price to Earnings Ratio vs Fair Ratio

What is BC8's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BC8 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio17.2x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate BC8's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst BC8 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 32.26
CHF 40.85
+26.64%
8.24%CHF 46.29CHF 35.90n/a8
Sep ’27CHF 34.22
CHF 40.79
+19.19%
5.75%CHF 45.08CHF 37.57n/a7
Aug ’27CHF 33.90
CHF 37.62
+10.99%
8.11%CHF 42.00CHF 32.20n/a8
Jul ’27CHF 28.46
CHF 35.74
+25.59%
12.50%CHF 41.48CHF 26.73n/a9
Jun ’27CHF 27.42
CHF 35.67
+30.08%
12.81%CHF 41.61CHF 26.52n/a11
May ’27CHF 27.42
CHF 36.99
+34.91%
13.75%CHF 46.97CHF 28.55n/a12
Apr ’27CHF 25.00
CHF 39.27
+57.09%
16.11%CHF 51.55CHF 31.30n/a12
Mar ’27CHF 30.40
CHF 40.96
+34.74%
13.20%CHF 51.10CHF 31.48n/a13
Feb ’27CHF 40.20
CHF 41.50
+3.23%
12.10%CHF 47.67CHF 31.63n/a13
Jan ’27n/a
CHF 41.26
0%
11.06%CHF 47.73CHF 32.29n/a12
Dec ’26n/a
CHF 40.70
0%
12.35%CHF 47.54CHF 32.16n/a12
Nov ’26n/a
CHF 40.00
0%
13.33%CHF 47.16CHF 31.35n/a11
Oct ’26n/a
CHF 40.34
0%
13.24%CHF 47.66CHF 31.68n/a11
Sep ’26n/a
CHF 39.68
0%
14.03%CHF 47.98CHF 31.89CHF 34.2211
Aug ’26n/a
CHF 39.20
0%
14.53%CHF 47.54CHF 29.83CHF 33.9011
Jul ’26n/a
CHF 39.59
0%
14.04%CHF 47.64CHF 29.89CHF 28.4612
Jun ’26n/a
CHF 39.02
0%
16.27%CHF 47.55CHF 27.97CHF 27.4212
May ’26n/a
CHF 38.60
0%
17.45%CHF 47.83CHF 26.26CHF 27.4212
Apr ’26n/a
CHF 39.73
0%
16.66%CHF 48.63CHF 28.61CHF 25.0012
Mar ’26n/a
CHF 37.69
0%
19.99%CHF 46.77CHF 25.26CHF 30.4012
Feb ’26n/a
CHF 39.06
0%
20.35%CHF 48.96CHF 25.52CHF 40.2013
Jan ’26n/a
CHF 39.46
0%
20.71%CHF 48.73CHF 26.34n/a13
Dec ’25n/a
CHF 40.18
0%
20.59%CHF 52.97CHF 26.48n/a14
Nov ’25n/a
CHF 45.62
0%
16.00%CHF 55.50CHF 31.04n/a13
Oct ’25n/a
CHF 47.47
0%
13.13%CHF 55.38CHF 34.73n/a13
Sep ’25n/a
CHF 47.09
0%
15.54%CHF 59.30CHF 34.83n/a14
CHF 41.72
Fair Value
22.7% undervalued intrinsic discount
8
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/21 09:59
End of Day Share Price 2026/09/18 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Bechtle AG is covered by 21 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Volker BosseBaader Helvea Equity Research
Knut WollerBaader Helvea Equity Research
Nicole WinklerBerenberg