Bechtle AG

BATS-CHIXE:BC8D Stock Report

Market Cap: €4.2b

Bechtle Valuation

Is BC8D undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • 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 BC8D 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: BC8D (€34.97) is trading below our estimate of future cash flow value (€42.17)

Significantly Below Future Cash Flow Value: BC8D is trading below future cash flow value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BC8D?

Key metric: As BC8D is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for BC8D. This is calculated by dividing BC8D's market cap by their current earnings.
What is BC8D's PE Ratio?
PE Ratio17.2x
Earnings€245.52m
Market Cap€4.21b

Price to Earnings Ratio vs Peers

How does BC8D's PE Ratio compare to its peers?

The above table shows the PE ratio for BC8D vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average31.6x
SCT Softcat
26.4x11.05%UK£3.7b
CCC Computacenter
27.9x13.41%UK£5.7b
KNOS Kainos Group
33.6x15.05%UK£1.4b
MTEC Made Tech Group
38.7x31.33%UK£71.5m
BC8D Bechtle
17.2x7.99%€4.2b

Price-To-Earnings vs Peers: BC8D is good value based on its Price-To-Earnings Ratio (17.2x) compared to the peer average (31.6x).

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 BC8D's PE Ratio compare vs other companies in the European IT Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
No. of Companies21PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BC8D 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 BC8D'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.

BC8D 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 BC8D'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 BC8D forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
€43.25
0%
8.24%€49.00€38.00n/a8
Sep ’27€37.36
€43.43
+16.24%
5.75%€48.00€40.00n/a7
Aug ’27n/a
€40.31
0%
8.11%€45.00€34.50n/a8
Jul ’27n/a
€38.78
0%
12.50%€45.00€29.00n/a9
Jun ’27n/a
€39.00
0%
12.81%€45.50€29.00n/a11
May ’27n/a
€40.17
0%
13.75%€51.00€31.00n/a12
Apr ’27n/a
€42.67
0%
16.11%€56.00€34.00n/a12
Mar ’27€32.33
€44.88
+38.83%
13.20%€56.00€34.50n/a13
Feb ’27€43.91
€45.27
+3.10%
12.10%€52.00€34.50n/a13
Jan ’27n/a
€44.08
0%
11.06%€51.00€34.50n/a12
Dec ’26€43.50
€43.67
+0.38%
12.35%€51.00€34.50n/a12
Nov ’26€35.89
€43.26
+20.55%
13.33%€51.00€33.90n/a11
Oct ’26n/a
€43.17
0%
13.24%€51.00€33.90n/a11
Sep ’26n/a
€42.17
0%
14.03%€51.00€33.90€37.3611
Aug ’26€34.76
€42.05
+20.98%
14.53%€51.00€32.00n/a11
Jul ’26€38.37
€42.38
+10.46%
14.04%€51.00€32.00n/a12
Jun ’26€39.63
€41.85
+5.59%
16.27%€51.00€30.00n/a12
May ’26€37.52
€41.16
+9.70%
17.45%€51.00€28.00n/a12
Apr ’26€34.44
€41.66
+20.96%
16.66%€51.00€30.00n/a12
Mar ’26n/a
€40.29
0%
19.99%€50.00€27.00€32.3312
Feb ’26n/a
€41.33
0%
20.35%€51.80€27.00€43.9113
Jan ’26n/a
€41.95
0%
20.71%€51.80€28.00n/a13
Dec ’25n/a
€43.24
0%
20.59%€57.00€28.50€43.5014
Nov ’25n/a
€48.49
0%
16.00%€59.00€33.00€35.8913
Oct ’25€40.26
€50.57
+25.61%
13.13%€59.00€37.00n/a13
Sep ’25€39.31
€50.03
+27.27%
15.54%€63.00€37.00n/a14
€45.23
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 10:40
End of Day Share Price 2026/09/10 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