BECHTLE AG (BC8.DE) Stock Fundamental Analysis
FRA:BC8 - Deutsche Boerse Ag - DE0005158703 - Common Stock - Currency: EUR
We assign a fundamental rating of 5 out of 10 to BC8. BC8 was compared to 71 industry peers in the IT Services industry. BC8 is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. BC8 has a expensive valuation and it also scores bad on growth.
1. Profitability
1.1 Basic Checks
In the past year BC8 was profitable.
BC8 had a positive operating cash flow in the past year.
Each year in the past 5 years BC8 has been profitable.
BC8 had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
BC8's Return On Assets of 5.49% is fine compared to the rest of the industry. BC8 outperforms 66.20% of its industry peers.
BC8 has a Return On Equity (11.59%) which is comparable to the rest of the industry.
BC8's Return On Invested Capital of 8.69% is in line compared to the rest of the industry. BC8 outperforms 56.34% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for BC8 is in line with the industry average of 10.64%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.49% | ||
| ROE | 11.59% | ||
| ROIC | 8.69% |
ROA(3y)6.7%
ROA(5y)6.98%
ROE(3y)14.8%
ROE(5y)15.62%
ROIC(3y)12.02%
ROIC(5y)11.98%
1.3 Margins
The Profit Margin of BC8 (3.61%) is comparable to the rest of the industry.
BC8's Profit Margin has improved in the last couple of years.
BC8 has a Operating Margin (5.18%) which is comparable to the rest of the industry.
BC8's Operating Margin has improved in the last couple of years.
With a Gross Margin value of 18.04%, BC8 is not doing good in the industry: 80.28% of the companies in the same industry are doing better.
BC8's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 5.18% | ||
| PM (TTM) | 3.61% | ||
| GM | 18.04% |
OM growth 3Y0.2%
OM growth 5Y6.64%
PM growth 3Y-3.72%
PM growth 5Y4.18%
GM growth 3Y1.35%
GM growth 5Y4.79%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so BC8 is destroying value.
Compared to 1 year ago, BC8 has about the same amount of shares outstanding.
The number of shares outstanding for BC8 remains at a similar level compared to 5 years ago.
The debt/assets ratio for BC8 has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 4.03 indicates that BC8 is not in any danger for bankruptcy at the moment.
BC8 has a better Altman-Z score (4.03) than 85.92% of its industry peers.
The Debt to FCF ratio of BC8 is 1.40, which is an excellent value as it means it would take BC8, only 1.40 years of fcf income to pay off all of its debts.
BC8 has a better Debt to FCF ratio (1.40) than 71.83% of its industry peers.
BC8 has a Debt/Equity ratio of 0.21. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of BC8 (0.21) is better than 66.20% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.21 | ||
| Debt/FCF | 1.4 | ||
| Altman-Z | 4.03 |
ROIC/WACC0.7
WACC12.5%
2.3 Liquidity
A Current Ratio of 1.72 indicates that BC8 should not have too much problems paying its short term obligations.
BC8's Current ratio of 1.72 is fine compared to the rest of the industry. BC8 outperforms 78.87% of its industry peers.
BC8 has a Quick Ratio of 1.44. This is a normal value and indicates that BC8 is financially healthy and should not expect problems in meeting its short term obligations.
BC8 has a Quick ratio of 1.44. This is in the better half of the industry: BC8 outperforms 67.61% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.72 | ||
| Quick Ratio | 1.44 |
3. Growth
3.1 Past
The earnings per share for BC8 have decreased strongly by -15.49% in the last year.
Measured over the past 5 years, BC8 shows a small growth in Earnings Per Share. The EPS has been growing by 7.58% on average per year.
The Revenue has decreased by -1.95% in the past year.
BC8 shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 3.25% yearly.
EPS 1Y (TTM)-15.49%
EPS 3Y1.89%
EPS 5Y7.58%
EPS Q2Q%-32.61%
Revenue 1Y (TTM)-1.95%
Revenue growth 3Y5.93%
Revenue growth 5Y3.25%
Sales Q2Q%-2.82%
3.2 Future
Based on estimates for the next years, BC8 will show a small growth in Earnings Per Share. The EPS will grow by 6.76% on average per year.
The Revenue is expected to grow by 4.31% on average over the next years.
EPS Next Y2.65%
EPS Next 2Y5.99%
EPS Next 3Y6.76%
EPS Next 5YN/A
Revenue Next Year1.94%
Revenue Next 2Y3.83%
Revenue Next 3Y4.55%
Revenue Next 5Y4.31%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 21.24, which indicates a rather expensive current valuation of BC8.
Compared to the rest of the industry, the Price/Earnings ratio of BC8 is on the same level as its industry peers.
Compared to an average S&P500 Price/Earnings ratio of 27.28, BC8 is valued a bit cheaper.
BC8 is valuated rather expensively with a Price/Forward Earnings ratio of 17.45.
The rest of the industry has a similar Price/Forward Earnings ratio as BC8.
BC8 is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 21.76, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.24 | ||
| Fwd PE | 17.45 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BC8 is valued a bit more expensive than the industry average as 63.38% of the companies are valued more cheaply.
BC8's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.27 | ||
| EV/EBITDA | 10.05 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates BC8 does not grow enough to justify the current Price/Earnings ratio.
The decent profitability rating of BC8 may justify a higher PE ratio.
PEG (NY)8.01
PEG (5Y)2.8
EPS Next 2Y5.99%
EPS Next 3Y6.76%
5. Dividend
5.1 Amount
BC8 has a Yearly Dividend Yield of 1.81%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 6.93, BC8 has a dividend in line with its industry peers.
Compared to the average S&P500 Dividend Yield of 2.42, BC8 is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.81% |
5.2 History
On average, the dividend of BC8 grows each year by 16.00%, which is quite nice.
Dividend Growth(5Y)16%
Div Incr Years1
Div Non Decr Years6
5.3 Sustainability
BC8 pays out 39.05% of its income as dividend. This is a sustainable payout ratio.
The dividend of BC8 is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP39.05%
EPS Next 2Y5.99%
EPS Next 3Y6.76%
FRA:BC8 (7/3/2025, 12:40:56 PM)
38.23
-0.31 (-0.8%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustryIT Services
Earnings (Last)
Earnings (Next)
Inst Owners37.72%
Inst Owner ChangeN/A
Ins Owners0.02%
Ins Owner ChangeN/A
Market Cap4.82B
Analysts80
Price Target44.24 (15.72%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.81% |
Yearly Dividend0.7
Dividend Growth(5Y)16%
DP39.05%
Div Incr Years1
Div Non Decr Years6
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-5.82%
Min EPS beat(2)-9.37%
Max EPS beat(2)-2.28%
EPS beat(4)0
Avg EPS beat(4)-6.32%
Min EPS beat(4)-9.76%
Max EPS beat(4)-2.28%
EPS beat(8)2
Avg EPS beat(8)-3.15%
EPS beat(12)4
Avg EPS beat(12)-1.1%
EPS beat(16)7
Avg EPS beat(16)1.12%
Revenue beat(2)0
Avg Revenue beat(2)-0.9%
Min Revenue beat(2)-0.95%
Max Revenue beat(2)-0.86%
Revenue beat(4)1
Avg Revenue beat(4)-4.36%
Min Revenue beat(4)-16.2%
Max Revenue beat(4)0.55%
Revenue beat(8)2
Avg Revenue beat(8)-3.51%
Revenue beat(12)6
Avg Revenue beat(12)0.26%
Revenue beat(16)6
Avg Revenue beat(16)-5.63%
PT rev (1m)3.17%
PT rev (3m)2.3%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-24.13%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.67%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-6.59%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.6%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.24 | ||
| Fwd PE | 17.45 | ||
| P/S | 0.77 | ||
| P/FCF | 12.27 | ||
| P/OCF | 9.8 | ||
| P/B | 2.47 | ||
| P/tB | 5.09 | ||
| EV/EBITDA | 10.05 |
EPS(TTM)1.8
EY4.71%
EPS(NY)2.19
Fwd EY5.73%
FCF(TTM)3.12
FCFY8.15%
OCF(TTM)3.9
OCFY10.2%
SpS49.71
BVpS15.47
TBVpS7.52
PEG (NY)8.01
PEG (5Y)2.8
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.49% | ||
| ROE | 11.59% | ||
| ROCE | 12.26% | ||
| ROIC | 8.69% | ||
| ROICexc | 11.33% | ||
| ROICexgc | 22.38% | ||
| OM | 5.18% | ||
| PM (TTM) | 3.61% | ||
| GM | 18.04% | ||
| FCFM | 6.27% |
ROA(3y)6.7%
ROA(5y)6.98%
ROE(3y)14.8%
ROE(5y)15.62%
ROIC(3y)12.02%
ROIC(5y)11.98%
ROICexc(3y)15.84%
ROICexc(5y)15.71%
ROICexgc(3y)29.63%
ROICexgc(5y)28.23%
ROCE(3y)16.94%
ROCE(5y)16.89%
ROICexcg growth 3Y4.87%
ROICexcg growth 5Y7.72%
ROICexc growth 3Y-3.54%
ROICexc growth 5Y2.28%
OM growth 3Y0.2%
OM growth 5Y6.64%
PM growth 3Y-3.72%
PM growth 5Y4.18%
GM growth 3Y1.35%
GM growth 5Y4.79%
F-Score5
Asset Turnover1.52
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.21 | ||
| Debt/FCF | 1.4 | ||
| Debt/EBITDA | 0.87 | ||
| Cap/Depr | 67.43% | ||
| Cap/Sales | 1.58% | ||
| Interest Coverage | 14.61 | ||
| Cash Conversion | 104.38% | ||
| Profit Quality | 173.83% | ||
| Current Ratio | 1.72 | ||
| Quick Ratio | 1.44 | ||
| Altman-Z | 4.03 |
F-Score5
WACC12.5%
ROIC/WACC0.7
Cap/Depr(3y)72%
Cap/Depr(5y)67.96%
Cap/Sales(3y)1.45%
Cap/Sales(5y)1.35%
Profit Quality(3y)113.31%
Profit Quality(5y)113.66%
High Growth Momentum
Growth
EPS 1Y (TTM)-15.49%
EPS 3Y1.89%
EPS 5Y7.58%
EPS Q2Q%-32.61%
EPS Next Y2.65%
EPS Next 2Y5.99%
EPS Next 3Y6.76%
EPS Next 5YN/A
Revenue 1Y (TTM)-1.95%
Revenue growth 3Y5.93%
Revenue growth 5Y3.25%
Sales Q2Q%-2.82%
Revenue Next Year1.94%
Revenue Next 2Y3.83%
Revenue Next 3Y4.55%
Revenue Next 5Y4.31%
EBIT growth 1Y-15.86%
EBIT growth 3Y6.14%
EBIT growth 5Y10.1%
EBIT Next Year37.94%
EBIT Next 3Y17.48%
EBIT Next 5Y10.34%
FCF growth 1Y172.5%
FCF growth 3Y27.55%
FCF growth 5Y27.87%
OCF growth 1Y119.83%
OCF growth 3Y25.19%
OCF growth 5Y24.58%