Bechtle Aktiengesellschaft (BC8) AI Stock Analysis

• Market Cap: €4.37B
• Dividend Yield: 1.58%
• Average Volume (3M): 202.21K
• Price to Earnings (P/E): 20.4
• Beta (1Y): 1.23
• Revenue Growth: -0.50%
• EPS Growth: -13.97%
• Country: DE
• Employees: 15,729
• Sector: Technology
• Sector Strength: 88
• Industry: Information Technology Services
• EPS (TTM): 0.45
• Shares Outstanding: 126,000,000
• 10 Day Avg. Volume: 192,276
• 30 Day Avg. Volume: 202,210
• PEG Ratio: -2.10
• Price to Book (P/B): 2.05
• Price to Sales (P/S): 0.62
• P/FCF Ratio: 8.35
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €47.33
• Price Target Upside: 31.69% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 75 Outperform
• Price Target: €49.00 ▲(36.34% Upside)

Bechtle Aktiengesellschaft's overall stock score is driven by its strong financial performance and positive technical indicators. The company's robust profitability and cash flow management are significant strengths, although the slight increase in leverage and moderate valuation suggest some caution. The technical analysis indicates bullish momentum, but potential overbought conditions could limit short-term gains.

Positive Factors

Cash Generation Ability

Strong cash generation relative to profits indicates robust financial health and supports reinvestment and shareholder returns.

Balance Sheet Health

A stable equity ratio underscores financial stability, providing a solid foundation for future growth and resilience against economic fluctuations.

Profitability Metrics

Strong gross profit margins indicate effective cost management and pricing power, contributing to sustained profitability and competitive advantage.

Negative Factors

Revenue Growth Challenges

Negative revenue growth suggests potential difficulties in market expansion or product demand, which could impact long-term growth prospects.

Increasing Leverage

Rising leverage may increase financial risk and limit flexibility, necessitating careful management to avoid potential liquidity issues.

Declining Net Profit Margin

A declining net profit margin could indicate rising costs or pricing pressures, potentially affecting long-term profitability and competitiveness.

Bechtle Aktiengesellschaft Business Overview & Revenue Model

Company Description

Bechtle Aktiengesellschaft is a leading IT services and solutions provider based in Germany, specializing in the sale of IT products and services to both public and private sector clients. The company operates through two main segments: IT e-commerce and IT services, offering a comprehensive range of products including hardware, software, and individual IT solutions. Bechtle is recognized for its extensive portfolio of IT infrastructure, cloud services, and digital workplace solutions, catering to the diverse needs of its customers across various industries.

How the Company Makes Money

Bechtle generates revenue primarily through the sale of IT products and services. Its key revenue streams include direct sales of hardware and software, which account for a significant portion of its income, as well as recurring revenue from managed services, cloud solutions, and consulting services. The company benefits from strategic partnerships with major technology vendors, allowing it to offer a wide range of products and solutions. Additionally, Bechtle's robust e-commerce platform enables it to reach a broad customer base efficiently, while its expertise in IT services helps to drive long-term customer relationships and loyalty, further enhancing its revenue potential.

Bechtle Aktiengesellschaft Financial Statement Overview

Summary

Bechtle Aktiengesellschaft demonstrates a strong financial position with solid profitability metrics and effective cash flow management. Despite a slight decline in revenue growth and a minor increase in leverage, the company's financial health remains commendable.

Income Statement

Bechtle Aktiengesellschaft shows a strong income statement with consistent revenue growth and solid profitability metrics. The company achieved a gross profit margin of approximately 17.5% in 2023, although its net profit margin slightly declined to around 4.1%. The EBIT and EBITDA margins are healthy, indicating efficient operational management. However, the revenue growth rate from 2022 to 2023 was negative at -1.8%, which could signal potential challenges in maintaining growth momentum.

Balance Sheet

The balance sheet of Bechtle Aktiengesellschaft is robust, with a stable equity ratio of over 45% in 2023, underscoring financial stability. The debt-to-equity ratio increased slightly to 0.42, reflecting prudent use of leverage. The return on equity (ROE) was approximately 15.2%, showcasing effective use of shareholders' funds to generate profits. Overall, the balance sheet indicates strong capital structure management but suggests monitoring of increasing debt levels.

Cash Flow

Bechtle Aktiengesellschaft's cash flow generation is solid, with a notable operating cash flow to net income ratio of 1.7 in 2023, indicating strong cash generation relative to profits. The free cash flow increased by approximately 34.5% from 2022 to 2023, demonstrating effective cash management. However, the free cash flow to net income ratio was around 1.3, highlighting room for improvement in converting earnings into free cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	6.28B	6.31B	6.42B	6.03B	5.31B	5.82B
Gross Profit	1.13B	1.14B	1.05B	1.05B	920.01M	856.58M
EBITDA	479.10M	510.46M	515.82M	469.00M	430.14M	375.97M
Net Income	213.83M	245.50M	265.51M	251.12M	231.45M	192.55M
Balance Sheet
Total Assets	4.04B	4.22B	3.80B	3.45B	3.02B	2.69B
Cash, Cash Equivalents and Short-Term Investments	522.27M	716.20M	465.76M	291.70M	433.18M	403.42M
Total Debt	0.00	812.25M	734.04M	523.15M	489.23M	145.74M
Total Liabilities	2.13B	2.30B	2.06B	1.91B	1.67B	1.53B
Stockholders Equity	1.91B	1.91B	1.74B	1.54B	1.35B	1.16B
Cash Flow
Free Cash Flow	336.00M	469.49M	349.01M	34.95M	226.22M	250.28M
Operating Cash Flow	440.70M	558.15M	450.19M	116.65M	284.49M	316.25M
Investing Cash Flow	-123.99M	-206.27M	-282.55M	-224.32M	-42.94M	-146.48M
Financing Cash Flow	-186.02M	-145.97M	43.17M	-100.21M	-179.36M	-77.53M

Bechtle Aktiengesellschaft Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 35.94
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:BC8, the sentiment is Positive. The current price of 35.94 is below the 20-day moving average (MA) of 37.99, below the 50-day MA of 37.46, and below the 200-day MA of 37.46, indicating a bullish trend. The MACD of 1.67 indicates Negative momentum. The RSI at 71.57 is Negative, neither overbought nor oversold. The STOCH value of 91.14 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:BC8.

Bechtle Aktiengesellschaft Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GFT	77 Outperform	€447.01M	11.54	13.78%	2.67%	3.28%	-26.16%
BC8	75 Outperform	€4.37B	20.45	11.35%	1.58%	-0.50%	-13.97%
D6H	68 Neutral	€529.85M	21.63	15.66%	1.50%	11.88%	-3.36%
A1OS	66 Neutral	€202.27M	17.50	―	3.88%	-1.51%	-37.04%
COK	64 Neutral	€746.91M	40.14	3.09%	3.75%	-0.61%	-52.28%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
ADN1	56 Neutral	€596.68M	48.66	6.82%	0.78%	12.37%	196.11%