(BC8) Bechtle - Overview
Exchange: XETRA •
Country: Germany •
Currency: EUR •
Type: Common Stock •
ISIN: DE0005158703
Stock: Hardware, Software, Consulting, Services
Total Rating 49
Risk 93
Buy Signal -0.81
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 1.80% |
| Yield on Cost 5y | 1.31% |
| Yield CAGR 5y | -15.14% |
| Payout Consistency | 98.7% |
| Payout Ratio | 61.4% |
| Risk 5d forecast | |
|---|---|
| Volatility | 44.7% |
| Relative Tail Risk | -11.4% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.55 |
| Alpha | 16.64 |
| Character TTM | |
|---|---|
| Beta | 0.193 |
| Beta Downside | 0.454 |
| Drawdowns 3y | |
|---|---|
| Max DD | 40.19% |
| CAGR/Max DD | -0.01 |
Description: BC8 Bechtle January 08, 2026
Bechtle AG (XETRA: BC8) is a European-focused IT services provider operating through two main segments: IT System House & Managed Services, which delivers strategy consulting, system integration, hardware/software procurement, and training; and IT E-Commerce, which sells hardware, software, and accessories via an online shop. The firm also offers data-center, networking, security, e-procurement, and a broad portfolio of enterprise software applications-including BI, ERP, PLM, CAD/CAM, and AI solutions-to industrial, trade, financial, and public-sector clients.
Key recent metrics show FY 2023 revenue of €6.2 billion, with an operating margin of roughly 5 % and an 8 % year-over-year increase in Managed Services revenue, reflecting strong demand for cloud migration and outsourced IT operations. The segment’s growth is underpinned by a broader European trend of rising cybersecurity spend (projected CAGR > 10 % through 2027) and EU digital-transformation initiatives that are accelerating IT outsourcing. Labor shortages in the German IT talent market further reinforce the appeal of Bechtle’s managed-services model.
For a deeper quantitative view, you might explore Bechtle’s metrics on ValueRay.
Piotroski VR‑10 (Strict, 0-10) 6.5
| Net Income: 215.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.07 > 0.02 and ΔFCF/TA -4.80 > 1.0 |
| NWC/Revenue: 15.40% < 20% (prev 18.19%; Δ -2.79% < -1%) |
| CFO/TA 0.10 > 3% & CFO 416.7m > Net Income 215.2m |
| Net Debt (111.9m) to EBITDA (486.8m): 0.23 < 3 |
| Current Ratio: 1.68 > 1.5 & < 3 |
| Outstanding Shares: last quarter (126.0m) vs 12m ago 0.0% < -2% |
| Gross Margin: 18.07% > 18% (prev 0.18%; Δ 1789 % > 0.5%) |
| Asset Turnover: 160.3% > 50% (prev 166.9%; Δ -6.57% > 0%) |
| Interest Coverage Ratio: 11.94 > 6 (EBITDA TTM 486.8m / Interest Expense TTM 27.6m) |
Altman Z'' 4.44
| A: 0.24 (Total Current Assets 2.42b - Total Current Liabilities 1.44b) / Total Assets 4.10b |
| B: 0.42 (Retained Earnings 1.74b / Total Assets 4.10b) |
| C: 0.08 (EBIT TTM 330.0m / Avg Total Assets 3.96b) |
| D: 0.89 (Book Value of Equity 1.89b / Total Liabilities 2.13b) |
| Altman-Z'' Score: 4.44 = AA |
Beneish M -3.00
| DSRI: 1.07 (Receivables 1.07b/1.01b, Revenue 6.35b/6.38b) |
| GMI: 0.98 (GM 18.07% / 17.71%) |
| AQI: 1.07 (AQ_t 0.28 / AQ_t-1 0.26) |
| SGI: 0.99 (Revenue 6.35b / 6.38b) |
| TATA: -0.05 (NI 215.2m - CFO 416.7m) / TA 4.10b) |
| Beneish M-Score: -3.00 (Cap -4..+1) = AA |
What is the price of BC8 shares?
As of February 07, 2026, the stock is trading at EUR 38.00 with a total of 743,624 shares traded.
Over the past week, the price has changed by -13.32%, over one month by -15.22%, over three months by +10.21% and over the past year by +18.67%.
Over the past week, the price has changed by -13.32%, over one month by -15.22%, over three months by +10.21% and over the past year by +18.67%.
Is BC8 a buy, sell or hold?
Bechtle has no consensus analysts rating.
What are the forecasts/targets for the BC8 price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 45.3 | 19.1% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 41.9 | 10.2% |
BC8 Fundamental Data Overview February 02, 2026
Market Cap USD = 6.52b (5.52b EUR * 1.1801 EUR.USD)
P/E Trailing = 25.6374
P/S = 0.8695
P/B = 2.7541
Revenue TTM = 6.35b EUR
EBIT TTM = 330.0m EUR
EBITDA TTM = 486.8m EUR
Long Term Debt = 402.8m EUR (from longTermDebt, last quarter)
Short Term Debt = 148.1m EUR (from shortTermDebt, last quarter)
Debt = 550.9m EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 111.9m EUR (from netDebt column, last quarter)
Enterprise Value = 5.64b EUR (5.52b + Debt 550.9m - CCE 439.0m)
Interest Coverage Ratio = 11.94 (Ebit TTM 330.0m / Interest Expense TTM 27.6m)
EV/FCF = 18.85x (Enterprise Value 5.64b / FCF TTM 299.0m)
FCF Yield = 5.31% (FCF TTM 299.0m / Enterprise Value 5.64b)
FCF Margin = 4.71% (FCF TTM 299.0m / Revenue TTM 6.35b)
Net Margin = 3.39% (Net Income TTM 215.2m / Revenue TTM 6.35b)
Gross Margin = 18.07% ((Revenue TTM 6.35b - Cost of Revenue TTM 5.20b) / Revenue TTM)
Gross Margin QoQ = 18.39% (prev 18.41%)
Tobins Q-Ratio = 1.37 (Enterprise Value 5.64b / Total Assets 4.10b)
Interest Expense / Debt = 1.22% (Interest Expense 6.73m / Debt 550.9m)
Taxrate = 28.99% (23.3m / 80.5m)
NOPAT = 234.4m (EBIT 330.0m * (1 - 28.99%))
Current Ratio = 1.68 (Total Current Assets 2.42b / Total Current Liabilities 1.44b)
Debt / Equity = 0.28 (Debt 550.9m / totalStockholderEquity, last quarter 1.96b)
Debt / EBITDA = 0.23 (Net Debt 111.9m / EBITDA 486.8m)
Debt / FCF = 0.37 (Net Debt 111.9m / FCF TTM 299.0m)
Total Stockholder Equity = 1.93b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.43% (Net Income 215.2m / Total Assets 4.10b)
RoE = 11.14% (Net Income TTM 215.2m / Total Stockholder Equity 1.93b)
RoCE = 14.13% (EBIT 330.0m / Capital Employed (Equity 1.93b + L.T.Debt 402.8m))
RoIC = 11.27% (NOPAT 234.4m / Invested Capital 2.08b)
WACC = 6.11% (E(5.52b)/V(6.07b) * Re(6.63%) + D(550.9m)/V(6.07b) * Rd(1.22%) * (1-Tc(0.29)))
Discount Rate = 6.63% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 0.0 | Cagr: 0.0%
[DCF Debug] Terminal Value 85.48% ; FCFF base≈364.4m ; Y1≈364.6m ; Y5≈386.5m
Fair Price DCF = 84.71 (EV 10.79b - Net Debt 111.9m = Equity 10.67b / Shares 126.0m; r=6.11% [WACC]; 5y FCF grow -0.49% → 2.90% )
EPS Correlation: -52.50 | EPS CAGR: -45.79% | SUE: -4.0 | # QB: 0
Revenue Correlation: 46.54 | Revenue CAGR: 17.54% | SUE: 0.32 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.45 | Chg30d=+0.004 | Revisions Net=+1 | Analysts=2
EPS next Year (2026-12-31): EPS=2.12 | Chg30d=+0.015 | Revisions Net=+0 | Growth EPS=+16.5% | Growth Revenue=+7.0%
P/E Trailing = 25.6374
P/S = 0.8695
P/B = 2.7541
Revenue TTM = 6.35b EUR
EBIT TTM = 330.0m EUR
EBITDA TTM = 486.8m EUR
Long Term Debt = 402.8m EUR (from longTermDebt, last quarter)
Short Term Debt = 148.1m EUR (from shortTermDebt, last quarter)
Debt = 550.9m EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 111.9m EUR (from netDebt column, last quarter)
Enterprise Value = 5.64b EUR (5.52b + Debt 550.9m - CCE 439.0m)
Interest Coverage Ratio = 11.94 (Ebit TTM 330.0m / Interest Expense TTM 27.6m)
EV/FCF = 18.85x (Enterprise Value 5.64b / FCF TTM 299.0m)
FCF Yield = 5.31% (FCF TTM 299.0m / Enterprise Value 5.64b)
FCF Margin = 4.71% (FCF TTM 299.0m / Revenue TTM 6.35b)
Net Margin = 3.39% (Net Income TTM 215.2m / Revenue TTM 6.35b)
Gross Margin = 18.07% ((Revenue TTM 6.35b - Cost of Revenue TTM 5.20b) / Revenue TTM)
Gross Margin QoQ = 18.39% (prev 18.41%)
Tobins Q-Ratio = 1.37 (Enterprise Value 5.64b / Total Assets 4.10b)
Interest Expense / Debt = 1.22% (Interest Expense 6.73m / Debt 550.9m)
Taxrate = 28.99% (23.3m / 80.5m)
NOPAT = 234.4m (EBIT 330.0m * (1 - 28.99%))
Current Ratio = 1.68 (Total Current Assets 2.42b / Total Current Liabilities 1.44b)
Debt / Equity = 0.28 (Debt 550.9m / totalStockholderEquity, last quarter 1.96b)
Debt / EBITDA = 0.23 (Net Debt 111.9m / EBITDA 486.8m)
Debt / FCF = 0.37 (Net Debt 111.9m / FCF TTM 299.0m)
Total Stockholder Equity = 1.93b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.43% (Net Income 215.2m / Total Assets 4.10b)
RoE = 11.14% (Net Income TTM 215.2m / Total Stockholder Equity 1.93b)
RoCE = 14.13% (EBIT 330.0m / Capital Employed (Equity 1.93b + L.T.Debt 402.8m))
RoIC = 11.27% (NOPAT 234.4m / Invested Capital 2.08b)
WACC = 6.11% (E(5.52b)/V(6.07b) * Re(6.63%) + D(550.9m)/V(6.07b) * Rd(1.22%) * (1-Tc(0.29)))
Discount Rate = 6.63% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 0.0 | Cagr: 0.0%
[DCF Debug] Terminal Value 85.48% ; FCFF base≈364.4m ; Y1≈364.6m ; Y5≈386.5m
Fair Price DCF = 84.71 (EV 10.79b - Net Debt 111.9m = Equity 10.67b / Shares 126.0m; r=6.11% [WACC]; 5y FCF grow -0.49% → 2.90% )
EPS Correlation: -52.50 | EPS CAGR: -45.79% | SUE: -4.0 | # QB: 0
Revenue Correlation: 46.54 | Revenue CAGR: 17.54% | SUE: 0.32 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.45 | Chg30d=+0.004 | Revisions Net=+1 | Analysts=2
EPS next Year (2026-12-31): EPS=2.12 | Chg30d=+0.015 | Revisions Net=+0 | Growth EPS=+16.5% | Growth Revenue=+7.0%