Bechtle Past Earnings Performance
Past criteria checks 2/6
Bechtle has been growing earnings at an average annual rate of 1.6%, while the IT industry saw earnings growing at 7.5% annually. Revenues have been growing at an average rate of 5.6% per year. Bechtle's return on equity is 11.1%, and it has net margins of 3.6%.
Key information
1.63%
Earnings growth rate
1.63%
EPS growth rate
| IT Industry Growth | 13.97% |
| Revenue growth rate | 5.62% |
| Return on equity | 11.13% |
| Net Margin | 3.58% |
| Next Earnings Update | 08 May 2026 |
Recent past performance updates
Recent updates
Narrative Update • 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.
Narrative Update • 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.
Narrative Update • 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.Analysis Article • 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...Narrative Update • 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.Narrative Update • 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.Narrative Update • 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.Analysis Article • 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...Narrative Update • 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.Analysis Article • 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...Narrative Update • 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.Narrative Update • 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.Analysis Article • 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...Narrative Update • 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.Narrative Update • 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.Analysis Article • 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...Analysis Article • 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...Analysis Article • 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...Narrative Update • 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.Analysis Article • 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...Analysis Article • 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...Analysis Article • 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...Analysis Article • 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...Analysis Article • 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...Analysis Article • 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...Analysis Article • 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...Analysis Article • 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...Analysis Article • 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...Analysis Article • 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...
New Narrative • 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.Analysis Article • 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...Analysis Article • 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...Analysis Article • 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...Analysis Article • 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...Analysis Article • 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...Analysis Article • 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...Analysis Article • 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...Analysis Article • 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...Analysis Article • 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...Analysis Article • 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...Analysis Article • 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...Analysis Article • 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...Analysis Article • 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...Analysis Article • 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...Analysis Article • 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...Analysis Article • 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...Analysis Article • 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...Analysis Article • 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...Analysis Article • Dec 28
Some Shareholders Feeling Restless Over Bechtle AG's (ETR:BC8) P/E Ratio
With a price-to-earnings (or "P/E") ratio of 22.2x Bechtle AG ( ETR:BC8 ) may be sending bearish signals at the moment...Analysis Article • Nov 27
Does Bechtle (ETR:BC8) Deserve A Spot On Your Watchlist?
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Bechtle makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 25 | 6,406 | 229 | 907 | 0 |
| 30 Sep 25 | 6,353 | 215 | 887 | 0 |
| 30 Jun 25 | 6,276 | 214 | 871 | 0 |
| 31 Mar 25 | 6,263 | 226 | 855 | 0 |
| 31 Dec 24 | 6,306 | 245 | 839 | 0 |
| 30 Sep 24 | 6,385 | 250 | 822 | 0 |
| 30 Jun 24 | 6,353 | 261 | 817 | 0 |
| 31 Mar 24 | 6,388 | 267 | 803 | 0 |
| 31 Dec 23 | 6,423 | 266 | 794 | 0 |
| 30 Sep 23 | 6,295 | 261 | 791 | 0 |
| 30 Jun 23 | 6,280 | 257 | 774 | 0 |
| 31 Mar 23 | 6,188 | 255 | 759 | 0 |
| 31 Dec 22 | 6,028 | 251 | 734 | 0 |
| 30 Sep 22 | 5,759 | 248 | 697 | 0 |
| 30 Jun 22 | 5,573 | 247 | 668 | 0 |
| 31 Mar 22 | 5,393 | 241 | 640 | 0 |
| 31 Dec 21 | 5,305 | 231 | 628 | 0 |
| 30 Sep 21 | 4,820 | 228 | 627 | 0 |
| 30 Jun 21 | 4,914 | 216 | 614 | 0 |
| 31 Mar 21 | 4,986 | 200 | 611 | 0 |
| 31 Dec 20 | 5,050 | 193 | 606 | 0 |
| 30 Sep 20 | 5,634 | 187 | 584 | 0 |
| 30 Jun 20 | 5,540 | 177 | 583 | 0 |
| 31 Mar 20 | 5,490 | 175 | 576 | 0 |
| 31 Dec 19 | 5,374 | 170 | 556 | 0 |
| 30 Sep 19 | 5,130 | 160 | 546 | 0 |
| 30 Jun 19 | 4,904 | 152 | 518 | 0 |
| 31 Mar 19 | 4,608 | 144 | 492 | 0 |
| 31 Dec 18 | 4,323 | 137 | 463 | 0 |
| 30 Sep 18 | 4,041 | 126 | 432 | 0 |
| 30 Jun 18 | 3,865 | 123 | 418 | 0 |
| 31 Mar 18 | 3,722 | 117 | 404 | 0 |
| 31 Dec 17 | 3,570 | 115 | 389 | 0 |
| 30 Sep 17 | 3,435 | 113 | 380 | 0 |
| 30 Jun 17 | 3,291 | 109 | 369 | 0 |
| 31 Mar 17 | 3,192 | 106 | 359 | 0 |
| 31 Dec 16 | 3,094 | 103 | 349 | 0 |
| 30 Sep 16 | 2,995 | 102 | 342 | 0 |
| 30 Jun 16 | 2,951 | 100 | 333 | 0 |
| 31 Mar 16 | 2,914 | 96 | 327 | 0 |
| 31 Dec 15 | 2,831 | 93 | 321 | 0 |
| 30 Sep 15 | 2,766 | 82 | 318 | 0 |
| 30 Jun 15 | 2,699 | 79 | 311 | 0 |
Quality Earnings: BC8 has high quality earnings.
Growing Profit Margin: BC8's current net profit margins (3.6%) are lower than last year (3.9%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: BC8's earnings have grown by 1.6% per year over the past 5 years.
Accelerating Growth: BC8's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: BC8 had negative earnings growth (-6.6%) over the past year, making it difficult to compare to the IT industry average (-15.2%).
Return on Equity
High ROE: BC8's Return on Equity (11.1%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/06 09:26 |
| End of Day Share Price | 2026/05/06 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
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* 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
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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. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Knut Woller | Baader Helvea Equity Research |
| Gustav Froberg | Berenberg |
| Andreas Wolf | Berenberg |