Bechtle AG
XETRA:BC8

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Bechtle AG
XETRA:BC8
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Price: 30.36 EUR -2.25% Market Closed
Market Cap: €3.8B

EV/EBITDA

7.9
Current
23%
Cheaper
vs 3-y average of 10.3

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
7.9
=
Enterprise Value
€3.7B
/
EBITDA
€501.2m

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
7.9
=
Enterprise Value
€3.7B
/
EBITDA
€501.2m

Valuation Scenarios

Bechtle AG is trading below its 3-year average

If EV/EBITDA returns to its 3-Year Average (10.3), the stock would be worth €39.54 (30% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+51%
Average Upside
33%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 7.9 €30.36
0%
3-Year Average 10.3 €39.54
+30%
5-Year Average 10.9 €42.1
+39%
Industry Average 11.9 €45.74
+51%
Country Average 9 €34.63
+14%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
€3.7B
/
Jan 2026
€501.2m
=
7.9
Current
€3.7B
/
Dec 2026
€520.1m
=
7
Forward
€3.7B
/
Dec 2027
€561m
=
6.5
Forward
€3.7B
/
Dec 2028
€593.2m
=
6.2
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
DE
Bechtle AG
XETRA:BC8
3.8B EUR 7.9 16.7
US
International Business Machines Corp
NYSE:IBM
235.4B USD 17.5 22.2
JP
BrainPad Inc
TSE:3655
20.9T JPY 37.9 551.4
IE
Accenture PLC
NYSE:ACN
116.9B USD 8.1 15.3
IN
Tata Consultancy Services Ltd
NSE:TCS
9.4T INR 12.3 19.1
IN
Infosys Ltd
NSE:INFY
5.3T INR 12 18.4
JP
Fujitsu Ltd
TSE:6702
6.8T JPY 12.4 14.3
IN
HCL Technologies Ltd
NSE:HCLTECH
3.9T INR 12.1 21.1
JP
NEC Corp
TSE:6701
6T JPY 12.6 24.5
JP
NTT Data Group Corp
DUS:NT5
30.3B EUR 9.9 38.8
JP
NTT Data Corp
TSE:9613
5.6T JPY 9.9 39.1
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
DE
Bechtle AG
XETRA:BC8
Average EV/EBITDA: 13.9
7.9
6%
1.3
US
International Business Machines Corp
NYSE:IBM
17.5
13%
1.3
JP
BrainPad Inc
TSE:3655
37.9
N/A N/A
IE
Accenture PLC
NYSE:ACN
8.1
7%
1.2
IN
Tata Consultancy Services Ltd
NSE:TCS
12.3
9%
1.4
IN
Infosys Ltd
NSE:INFY
12
8%
1.5
JP
Fujitsu Ltd
TSE:6702
12.4
13%
1
IN
HCL Technologies Ltd
NSE:HCLTECH
12.1
9%
1.3
JP
NEC Corp
TSE:6701
12.6
14%
0.9
JP
N
NTT Data Group Corp
DUS:NT5
9.9
12%
0.8
JP
NTT Data Corp
TSE:9613
9.9
12%
0.8

Market Distribution

In line with most companies in Germany
Percentile
43nd
Based on 2 491 companies
43nd percentile
7.9
Low
0.1 — 6.2
Typical Range
6.2 — 13.6
High
13.6 —
Distribution Statistics
Germany
Min 0.1
30th Percentile 6.2
Median 9
70th Percentile 13.6
Max 6 112.6

Bechtle AG
Glance View

In the bustling world of IT services, Bechtle AG stands tall as a formidable player, weaving the digital fabric that underpins Germany's tech-driven economy. Founded in 1983 by Gerhard Schick, Bechtle has grown from humble beginnings to become one of Europe's leading IT service providers. The company operates a hybrid business model that seamlessly integrates IT system houses with a sophisticated e-commerce platform. This dual approach allows Bechtle to offer a comprehensive suite of services ranging from hardware and software solutions to in-depth IT consultancy, managed services, and cloud solutions. By aligning these offerings with the evolving needs of businesses, both large and small, Bechtle maintains a robust and adaptable economic engine that continues to propel its growth. Bechtle's revenue streams are diverse yet interconnected. Its system houses across Europe enable the company to build and maintain close customer relationships, offering tailored IT infrastructure and project services that cater precisely to client needs. Meanwhile, Bechtle’s e-commerce segment, encompassing multiple online stores, caters to the burgeoning demand for tech products by businesses, presenting a broad catalog of OEM technologies. Together, these channels ensure a balanced and resilient revenue base, allowing Bechtle to capitalize on the rising tide of digital transformation across industries. By consistently leveraging its vast expertise and partnerships with leading tech companies, Bechtle not only sustains its market position but also fuels its ambitions for expansion and innovation in the dynamic realm of IT.

BC8 Intrinsic Value
44.22 EUR
Undervaluation 31%
Intrinsic Value
Price €30.36
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