Bechtle Aktiengesellschaft (DE:BC8)
XETRA:BC8
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Bechtle Aktiengesellschaft
(XETRA:BC8)
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Rating:58Neutral
Price Target:
€30.00
▼(-5.48% Downside)
Action:DowngradedDate:03/22/26
The score is held back mainly by very weak technicals (price well below all major moving averages and bearish momentum) and inconsistent cash generation, while a solid balance sheet and generally stable earnings provide support; valuation is mixed with a moderate P/E partly offset by the dividend yield.
Positive Factors
Balance-sheet strength
Improving leverage and a meaningful equity base provide durable financial flexibility. A solid balance sheet supports investment, working capital during cyclical weakness, and potential M&A or shareholder returns without forcing dilutive financing, enhancing resilience over months.
Negative Factors
Volatile cash generation
Multi-year volatility in operating and free cash flow reduces predictability of internal funding for capex, working capital and dividends. Sharp 2025 decline raises concerns about working-capital swings and the firm's ability to consistently convert earnings into free cash.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance-sheet strength
Improving leverage and a meaningful equity base provide durable financial flexibility. A solid balance sheet supports investment, working capital during cyclical weakness, and potential M&A or shareholder returns without forcing dilutive financing, enhancing resilience over months.
Read all positive factors
Bechtle Aktiengesellschaft (BC8) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€3.68B
Dividend Yield1.62%
Average Volume (3M)202.21K
Price to Earnings (P/E)24.0
Beta (1Y)1.36
Revenue Growth1.59%
EPS Growth-6.64%
CountryDE
Employees15,729
SectorGeneral
Sector StrengthN/A
IndustryInformation Technology Services
Share Statistics
EPS (TTM)0.68
Shares Outstanding126,000,000
10 Day Avg. Volume192,276
30 Day Avg. Volume202,210
Financial Highlights & Ratios
PEG Ratio-3.60
Price to Book (P/B)2.69
Price to Sales (P/S)0.86
P/FCF Ratio34.42
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€40.60Price Target Upside27.91% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
EPS Forecast (FY)1.93
Revenue Forecast (FY)€6.72B
Bechtle Aktiengesellschaft Business Overview & Revenue Model
Company Description
Bechtle AG provides information technology (IT) 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...
How the Company Makes Money
Bechtle makes money primarily by combining (1) project- and service-based IT system integration work with (2) product-centric IT commerce. A major revenue stream comes from selling IT products such as hardware, software, and associated accessories...
Bechtle Aktiengesellschaft Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
78
Positive
Cash Flow
56
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 6.41B | 6.31B | 6.42B | 6.03B | 5.31B |
| Gross Profit | 1.11B | 1.14B | 1.05B | 1.05B | 920.01M |
| EBITDA | 444.25M | 510.46M | 515.82M | 469.00M | 430.14M |
| Net Income | 229.21M | 245.50M | 265.51M | 251.12M | 231.45M |
Balance Sheet | |||||
| Total Assets | 4.72B | 4.22B | 3.80B | 3.45B | 3.02B |
| Cash, Cash Equivalents and Short-Term Investments | 452.03M | 716.20M | 465.76M | 291.70M | 433.18M |
| Total Debt | 722.90M | 812.25M | 734.04M | 523.15M | 489.23M |
| Total Liabilities | 2.66B | 2.30B | 2.06B | 1.91B | 1.67B |
| Stockholders Equity | 2.05B | 1.91B | 1.74B | 1.54B | 1.35B |
Cash Flow | |||||
| Free Cash Flow | 159.89M | 469.49M | 349.01M | 34.95M | 226.22M |
| Operating Cash Flow | 280.91M | 558.15M | 450.19M | 116.65M | 284.49M |
| Investing Cash Flow | -265.86M | -206.27M | -282.55M | -224.32M | -42.94M |
| Financing Cash Flow | -277.36M | -145.97M | 43.17M | -100.21M | -179.36M |
Bechtle Aktiengesellschaft Technical Analysis
Neutral
31.74
Price Trends
31.63
Positive
37.50
Negative
37.65
Negative
Market Momentum
-0.28
Negative
57.32
Neutral
75.32
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:BC8, the sentiment is Neutral. The current price of 31.74 is above the 20-day moving average (MA) of 28.98, above the 50-day MA of 31.63, and below the 200-day MA of 37.65, indicating a neutral trend. The MACD of -0.28 indicates Negative momentum. The RSI at 57.32 is Neutral, neither overbought nor oversold. The STOCH value of 75.32 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for DE:BC8.
Bechtle Aktiengesellschaft Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | €191.50M | 2.44 | 16.25% | 2.51% | -13.11% | 201.98% | |
62 Neutral | €625.66M | 24.19 | 13.51% | 1.43% | 7.30% | -15.88% | |
59 Neutral | €772.13M | 29.11 | 5.18% | 3.78% | -1.32% | -7.62% | |
58 Neutral | €3.68B | 24.01 | 11.65% | 1.62% | 1.59% | -6.64% | |
57 Neutral | €385.16M | 12.03 | 7.22% | 0.85% | 13.01% | 127.28% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | €176.36M | 18.24 | 6.96% | 3.99% | -3.25% | -57.36% |
* General Sector Average
DE:BC8
Bechtle Aktiengesellschaft
28.98
-7.42
-20.39%
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35.00
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DE:D6H
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19.33
34.30%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.