Bertrandt Aktiengesellschaft develops solutions for the automotive and avaition industries in Germany and internationally.
Undervalued established dividend payer.
Share Price & News
How has Bertrandt's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BDT's share price has been volatile over the past 3 months.
7 Day Return
DE Professional Services
1 Year Return
DE Professional Services
Return vs Industry: BDT underperformed the German Professional Services industry which returned 0.3% over the past year.
Return vs Market: BDT underperformed the German Market which returned 0.2% over the past year.
Price Volatility Vs. Market
How volatile is Bertrandt's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 months ago | Simply Wall StA Sliding Share Price Has Us Looking At Bertrandt Aktiengesellschaft's (ETR:BDT) P/E Ratio
3 months ago | Simply Wall StDid Changing Sentiment Drive Bertrandt's (ETR:BDT) Share Price Down A Worrying 68%?
3 months ago | Simply Wall StWhy You Should Leave Bertrandt Aktiengesellschaft (ETR:BDT)'s Upcoming Dividend On The Shelf
Is Bertrandt undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BDT (€35.75) is trading below our estimate of fair value (€43.79)
Significantly Below Fair Value: BDT is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: BDT is good value based on its PE Ratio (10.1x) compared to the Professional Services industry average (17.9x).
PE vs Market: BDT is good value based on its PE Ratio (10.1x) compared to the German market (19.3x).
Price to Earnings Growth Ratio
PEG Ratio: BDT is good value based on its PEG Ratio (0.5x)
Price to Book Ratio
PB vs Industry: BDT is good value based on its PB Ratio (0.8x) compared to the XE Professional Services industry average (1.9x).
How is Bertrandt forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BDT's forecast earnings growth (18.7% per year) is above the savings rate (0.2%).
Earnings vs Market: BDT's earnings (18.7% per year) are forecast to grow slower than the German market (21.6% per year).
High Growth Earnings: BDT's earnings are forecast to grow, but not significantly.
Revenue vs Market: BDT's revenue (4.2% per year) is forecast to grow slower than the German market (5.8% per year).
High Growth Revenue: BDT's revenue (4.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BDT's Return on Equity is forecast to be low in 3 years time (7.5%).
How has Bertrandt performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BDT has a large one-off gain of €9.7M impacting its December 31 2019 financial results.
Growing Profit Margin: BDT's current net profit margins (3.4%) are lower than last year (4.6%).
Past Earnings Growth Analysis
Earnings Trend: BDT's earnings have declined by -10.6% per year over the past 5 years.
Accelerating Growth: BDT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: BDT had negative earnings growth (-24.7%) over the past year, making it difficult to compare to the Professional Services industry average (-2.6%).
Return on Equity
High ROE: BDT's Return on Equity (8.4%) is considered low.
How is Bertrandt's financial position?
Financial Position Analysis
Short Term Liabilities: BDT's short term assets (€489.0M) exceed its short term liabilities (€195.2M).
Long Term Liabilities: BDT's short term assets (€489.0M) exceed its long term liabilities (€303.2M).
Debt to Equity History and Analysis
Debt Level: BDT's debt to equity ratio (55.6%) is considered high.
Reducing Debt: BDT's debt to equity ratio has increased from 0.2% to 55.6% over the past 5 years.
Debt Coverage: BDT's debt is well covered by operating cash flow (34.1%).
Interest Coverage: BDT's interest payments on its debt are well covered by EBIT (11.8x coverage).
What is Bertrandt's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BDT's dividend (4.48%) is higher than the bottom 25% of dividend payers in the German market (1.28%).
High Dividend: BDT's dividend (4.48%) is in the top 25% of dividend payers in the German market (3.93%)
Stability and Growth of Payments
Stable Dividend: BDT's dividend payments have been volatile in the past 10 years.
Growing Dividend: BDT's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (45.1%), BDT's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BDT's dividends in 3 years are forecast to be well covered by earnings (40% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Bertrandt has no CEO, or we have no data on them.
|Member of the Supervisory Board||no data||€40.00k||no data|
|Chairman of Supervisory Board||1.17yrs||€1.43m||3.96% €14.3m|
|Deputy Chairman of Supervisory Board||1.17yrs||€54.66k||no data|
|Independent Member of Supervisory Board||1.17yrs||€29.33k||no data|
|Member of the Supervisory Board||1.17yrs||€19.55k||no data|
|Member of the Supervisory Board||1.17yrs||€19.55k||no data|
Experienced Board: BDT's board of directors are not considered experienced ( 1.2 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Bertrandt Aktiengesellschaft's company bio, employee growth, exchange listings and data sources
- Name: Bertrandt Aktiengesellschaft
- Ticker: BDT
- Exchange: XTRA
- Founded: 1974
- Industry: Research and Consulting Services
- Sector: Commercial Services
- Market Cap: €360.904m
- Shares outstanding: 10.10m
- Website: https://www.bertrandt.com
Number of Employees
- Bertrandt Aktiengesellschaft
- Birkensee 1
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|BDT||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Oct 1996|
|BDT||XTRA (XETRA Trading Platform)||Yes||Ordinary Shares||DE||EUR||Oct 1996|
|0NYZ||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||EUR||Oct 1996|
|BDGX.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Oct 1996|
|BDTD||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||EUR||Oct 1996|
|BDT||SWX (SIX Swiss Exchange)||Yes||Ordinary Shares||CH||CHF||Oct 1996|
|BDT||WBAG (Wiener Boerse AG)||Yes||Ordinary Shares||AT||EUR||Oct 1996|
|BDT||ETLX (Eurotlx)||Yes||Ordinary Shares||IT||EUR||Oct 1996|
Bertrandt Aktiengesellschaft develops solutions for the automotive and avaition industries in Germany and internationally. The company operates through Digital Engineering, Physical Engineering, and Electrical Systems/Electronics segments. It offers design services, including designing and surfacing, and design modelling and technologies; interior development services, such as seat, cockpit, trim, and dimensional management services; and vehicle body development services comprising body-in-white, doors and closures, exterior, and light and visibility services. The company also provides powertrain services, including thermodynamics/emission control, drivetrain control, thermal management, and engine mechanics; and chassis development services, such as concept, component, and module development, module integration, calculation/simulation, testing, and mechatronic chassis systems. It offers simulation services consisting of body-in-white crashworthiness, occupant safety, occupant safety/interior modules, crash management system, structural add-on parts, stiffness/noise, vibration and harshness, and computational fluid dynamics; electronics, including body/comfort/displays, infotainment systems, driver assistance systems, test systems, chassis electronics, diagnosis, on-board power network, and processes; testing services; and engineering services. The company also provides modelling and rapid technology services comprising CAD/CAM, model making, gauge building and cubing, and tool making services, as well as milling and measuring technologies. It serves automotive, aerospace, commercial vehicle, agricultural machinery, motorcycle, electrical, medical technology, and energy industries, as well as machines and production plants. The company was founded in 1974 and is headquartered in Ehningen, Germany.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/05/31 22:30|
|End of Day Share Price||2020/05/29 00:00|
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 here.