Bechtle AG provides information technology services primarily in Europe.
Excellent balance sheet with proven track record and pays a dividend.
Share Price & News
How has Bechtle's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BC8's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: BC8 exceeded the German IT industry which returned 48.9% over the past year.
Return vs Market: BC8 exceeded the German Market which returned 3.9% over the past year.
Price Volatility Vs. Market
How volatile is Bechtle's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 days ago | Simply Wall StBechtle AG's (ETR:BC8) Share Price Not Quite Adding Up
2 weeks ago | Simply Wall StIs Bechtle (ETR:BC8) A Risky Investment?
3 weeks ago | Simply Wall StAre Strong Financial Prospects The Force That Is Driving The Momentum In Bechtle AG's ETR:BC8) Stock?
Is Bechtle undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: BC8 (€164.9) is trading above our estimate of fair value (€80.96)
Significantly Below Fair Value: BC8 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: BC8 is poor value based on its PE Ratio (39.5x) compared to the DE IT industry average (26.6x).
PE vs Market: BC8 is poor value based on its PE Ratio (39.5x) compared to the German market (21x).
Price to Earnings Growth Ratio
PEG Ratio: BC8 is poor value based on its PEG Ratio (3.2x)
Price to Book Ratio
PB vs Industry: BC8 is overvalued based on its PB Ratio (6.6x) compared to the DE IT industry average (3.5x).
How is Bechtle forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BC8's forecast earnings growth (12.2% per year) is above the savings rate (0.2%).
Earnings vs Market: BC8's earnings (12.2% per year) are forecast to grow slower than the German market (22.3% per year).
High Growth Earnings: BC8's earnings are forecast to grow, but not significantly.
Revenue vs Market: BC8's revenue (10.7% per year) is forecast to grow faster than the German market (5.9% per year).
High Growth Revenue: BC8's revenue (10.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BC8's Return on Equity is forecast to be low in 3 years time (16.1%).
How has Bechtle performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BC8 has high quality earnings.
Growing Profit Margin: BC8's current net profit margins (3.2%) are higher than last year (3.1%).
Past Earnings Growth Analysis
Earnings Trend: BC8's earnings have grown by 15.4% per year over the past 5 years.
Accelerating Growth: BC8's earnings growth over the past year (21.7%) exceeds its 5-year average (15.4% per year).
Earnings vs Industry: BC8 earnings growth over the past year (21.7%) underperformed the IT industry 21.7%.
Return on Equity
High ROE: BC8's Return on Equity (16.6%) is considered low.
How is Bechtle's financial position?
Financial Position Analysis
Short Term Liabilities: BC8's short term assets (€1.6B) exceed its short term liabilities (€806.8M).
Long Term Liabilities: BC8's short term assets (€1.6B) exceed its long term liabilities (€595.9M).
Debt to Equity History and Analysis
Debt Level: BC8's debt to equity ratio (34.7%) is considered satisfactory.
Reducing Debt: BC8's debt to equity ratio has increased from 9.9% to 34.7% over the past 5 years.
Debt Coverage: BC8's debt is well covered by operating cash flow (63%).
Interest Coverage: BC8's interest payments on its debt are well covered by EBIT (45.5x coverage).
What is Bechtle current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BC8's dividend (0.73%) isn’t notable compared to the bottom 25% of dividend payers in the German market (1.24%).
High Dividend: BC8's dividend (0.73%) is low compared to the top 25% of dividend payers in the German market (3.82%).
Stability and Growth of Payments
Stable Dividend: BC8's dividends per share have been stable in the past 10 years.
Growing Dividend: BC8's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (28.8%), BC8's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BC8's dividends in 3 years are forecast to be well covered by earnings (28.2% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Thomas Olemotz (58yo)
Dr. Thomas Olemotz, Dipl.-Kfm, has been the Chairman of the Executive Board at Bechtle AG since October 2010 and Member of its Executive Board since March 2006 and serves as its Chief Executive Officer. Dr ...
CEO Compensation Analysis
Compensation vs Market: Thomas's total compensation ($USD3.98M) is about average for companies of similar size in the German market ($USD3.68M).
Compensation vs Earnings: Thomas's compensation has been consistent with company performance over the past year.
|CEO & Chairman of The Executive Board||no data||€3.52m||0.0018% €124.0k|
|Member of Executive Board||11.5yrs||€1.01m||0.019% €1.3m|
|Member of Executive Board||11.5yrs||€1.54m||no data|
|Co-Founder & Honorary Chairman of the Supervisory Board||no data||€38.61k||no data|
|Executive Vice President of Finance Division||16.33yrs||no data||no data|
|Head of Group Accounting & Treasury||no data||no data||no data|
|Head of Investor Relations||no data||no data||no data|
|Head of Business Development Services||no data||no data||no data|
|Head of Sales Controlling||no data||no data||no data|
|Manager of Human Resources||no data||no data||no data|
Experienced Management: BC8's management team is seasoned and experienced (11.5 years average tenure).
|Member of Supervisory Board||21.17yrs||€45.00k||no data|
|Chairman of the Supervisory Board||2.08yrs||€124.00k||no data|
|Employee Representative Member of Supervisory Board||16.75yrs||€45.00k||no data|
|Deputy Chairman of the Supervisory Board||no data||€71.00k||no data|
|Member of Supervisory Board||8.08yrs||€45.00k||no data|
|Member of Supervisory Board||2.08yrs||€33.00k||no data|
|Employee Representative Member of Supervisory Board||7.08yrs||€34.00k||no data|
|Employee Representative Member of Supervisory Board||7.08yrs||€34.00k||no data|
|Member of Supervisory Board||4.08yrs||€45.00k||no data|
|Member of Supervisory Board||2.58yrs||€34.00k||no data|
Experienced Board: BC8's board of directors are considered experienced (7.1 years average tenure).
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.
Bechtle AG's company bio, employee growth, exchange listings and data sources
- Name: Bechtle AG
- Ticker: BC8
- Exchange: XTRA
- Founded: 1983
- Industry: IT Consulting and Other Services
- Sector: Software
- Market Cap: €6.926b
- Shares outstanding: 42.00m
- Website: https://www.bechtle.com
Number of Employees
- Bechtle AG
- Bechtle Platz 1
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|BC8||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Mar 2000|
|BC8||XTRA (XETRA Trading Platform)||Yes||Ordinary Shares||DE||EUR||Mar 2000|
|0DPM||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||EUR||Mar 2000|
|BC8D||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||EUR||Mar 2000|
|BC8||SWX (SIX Swiss Exchange)||Yes||Ordinary Shares||CH||CHF||Mar 2000|
|BC8||WBAG (Wiener Boerse AG)||Yes||Ordinary Shares||AT||EUR||Mar 2000|
Bechtle AG provides information technology services primarily in Europe. The company operates in two segments, IT System House & Managed Services, and IT E-Commerce. The IT System House & Managed Services segment offers IT strategy consulting, hardware and software selling, project planning and implementation, system integration, IT services, and training for IT operation. It provides applications for customer relationship management, enterprise resource planning, computer-aided design/computer-aided manufacturing, product life-cycle management, collaboration, enterprise content management, business intelligence, virtual reality, and artificial intelligence; and modern workplace solutions. This segment also offers data center, networking, security, managed, professional, financial, and remarketing services. The IT E-Commerce segment provides hardware and software products, and peripherals with a multi-brand portfolio that comprises approximately 70,000 products through an online shop and telesales. This segment also offers e-procurement services. The company also provides design, development, and implementation of software services. It serves customers in the fields of industry, trade, finance, and the public sector. Bechtle AG was founded in 1983 and is headquartered in Neckarsulm, Germany.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/12 20:55|
|End of Day Share Price||2020/07/10 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.