Bechtle AG
XETRA:BC8

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Bechtle AG
XETRA:BC8
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Price: 29.04 EUR 0.14% Market Closed
Market Cap: €3.7B

P/FCFE

-98.8
Current
856%
Cheaper
vs 3-y average of 13.1

Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.

P/FCFE
-98.8
=
Market Cap
€3.7B
/
Free Cash Flow to Equity
€-37m

Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.

P/FCFE
-98.8
=
Market Cap
€3.7B
/
Free Cash Flow to Equity
€-37m

Valuation Scenarios

Bechtle AG is trading above its 3-year average

If P/FCFE returns to its 3-Year Average (13.1), the stock would be worth €-3.84 (113% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-128%
Maximum Upside
No Upside Scenarios
Average Downside
120%
Scenario P/FCFE Value Implied Price Upside/Downside
Current Multiple -98.8 €29.04
0%
3-Year Average 13.1 €-3.84
-113%
5-Year Average 16 €-4.7
-116%
Industry Average 27.8 €-8.17
-128%
Country Average 22 €-6.46
-122%

Forward P/FCFE
Today’s price vs future free cash flow to equity

Not enough data available to calculate forward P/FCFE

Peer Comparison

All Multiples
P/FCFE
P/E
All Countries
Close
Market Cap P/FCFE P/E
DE
Bechtle AG
XETRA:BC8
3.7B EUR -98.8 16
US
International Business Machines Corp
NYSE:IBM
217.8B USD 17.4 20.3
JP
BrainPad Inc
TSE:3655
20.9T JPY 48.9 551.4
IE
Accenture PLC
NYSE:ACN
110.6B USD 9 14.5
IN
Tata Consultancy Services Ltd
NSE:TCS
9T INR 20.5 18.6
IN
Infosys Ltd
NSE:INFY
4.8T INR 16.9 17.3
JP
NTT Data Group Corp
DUS:NT5
30.3B EUR -121.6 38.8
JP
NTT Data Corp
TSE:9613
5.6T JPY -122.5 39.1
IN
HCL Technologies Ltd
NSE:HCLTECH
3.3T INR 22.9 20
JP
Fujitsu Ltd
TSE:6702
5.4T JPY -174.4 11.4
JP
NEC Corp
TSE:6701
5.4T JPY 48.1 21.9

Market Distribution

Lower than 100% of companies in Germany
Percentile
0th
Based on 1 747 companies
0th percentile
-98.8
Low
0.3 — 12.8
Typical Range
12.8 — 33.7
High
33.7 —
Distribution Statistics
Germany
Min 0.3
30th Percentile 12.8
Median 22
70th Percentile 33.7
Max 8 508.8

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
45.55 EUR
Undervaluation 36%
Intrinsic Value
Price €29.04
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