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 Fair Value

  • Significantly Below Fair 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.

Below Fair Value: BC8 (€32.34) is trading below our estimate of fair value (€56.73)

Significantly Below Fair Value: BC8 is trading below fair value by more than 20%.


Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

BC8 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.7x
Enterprise Value/EBITDA10.1x
PEG Ratio1.6x

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 Average18.9x
SANT Kontron
12.5x19.1%€1.1b
NA9 Nagarro
22.1x16.3%€1.2b
COK Cancom
18.1x10.5%€753.2m
YSN secunet Security Networks
22.9x12.9%€634.0m
BC8 Bechtle
16.3x10.1%€4.1b

Price-To-Earnings vs Peers: BC8 is good value based on its Price-To-Earnings Ratio (16.3x) compared to the peer average (18.9x).


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a16.0%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a16.0%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: BC8 is good value based on its Price-To-Earnings Ratio (16.3x) compared to the European IT industry average (17.6x).


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 Ratio16.3x
Fair PE Ratio26.6x

Price-To-Earnings vs Fair Ratio: BC8 is good value based on its Price-To-Earnings Ratio (16.3x) compared to the estimated Fair Price-To-Earnings Ratio (26.6x).


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
Current€32.34
€47.18
+45.9%
17.0%€59.00€31.00n/a13
Nov ’25€31.46
€48.49
+54.1%
16.0%€59.00€33.00n/a13
Oct ’25€39.84
€50.57
+26.9%
13.1%€59.00€37.00n/a13
Sep ’25€38.94
€50.03
+28.5%
15.5%€63.00€37.00n/a14
Aug ’25€40.78
€50.31
+23.4%
15.0%€63.00€38.00n/a14
Jul ’25€41.34
€52.75
+27.6%
15.4%€63.00€38.00n/a14
Jun ’25€44.64
€53.75
+20.4%
12.5%€63.00€38.00n/a14
May ’25€45.30
€54.54
+20.4%
11.4%€64.00€40.00n/a14
Apr ’25€48.98
€54.25
+10.8%
11.3%€64.00€40.00n/a14
Mar ’25€48.27
€53.21
+10.2%
11.7%€64.00€40.00n/a14
Feb ’25€48.96
€52.69
+7.6%
11.9%€64.00€41.00n/a13
Jan ’25€45.39
€51.75
+14.0%
11.3%€59.00€41.00n/a13
Dec ’24€43.43
€51.75
+19.2%
11.3%€59.00€41.00n/a13
Nov ’24€42.33
€50.21
+18.6%
16.0%€60.00€37.00€31.4612
Oct ’24€44.24
€50.13
+13.3%
15.9%€60.00€37.00€39.8412
Sep ’24€44.79
€49.71
+11.0%
16.4%€60.00€36.00€38.9412
Aug ’24€39.39
€47.88
+21.5%
18.5%€60.00€35.00€40.7812
Jul ’24€36.32
€47.29
+30.2%
18.0%€60.00€35.00€41.3413
Jun ’24€36.92
€48.27
+30.7%
16.1%€60.00€36.00€44.6414
May ’24€42.05
€48.77
+16.0%
16.8%€61.00€36.00€45.3014
Apr ’24€43.99
€48.41
+10.1%
17.1%€61.00€34.00€48.9814
Mar ’24€40.44
€47.47
+17.4%
20.0%€66.00€29.00€48.2714
Feb ’24€39.11
€46.88
+19.9%
21.0%€66.00€29.00€48.9614
Jan ’24€33.06
€48.00
+45.2%
17.3%€66.00€36.00€45.3914
Dec ’23€36.25
€48.00
+32.4%
17.3%€66.00€36.00€43.4314
Nov ’23€35.28
€52.04
+47.5%
14.5%€66.00€40.00€42.3312

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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