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 72 industry peers in the IT Services industry. While BC8 has a great health rating, its profitability is only average at the moment. BC8 is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year BC8 was profitable.
In the past year BC8 had a positive cash flow from operations.
In the past 5 years BC8 has always been profitable.
In the past 5 years BC8 always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of BC8 (6.54%) is better than 70.83% of its industry peers.
With a decent Return On Equity value of 13.65%, BC8 is doing good in the industry, outperforming 62.50% of the companies in the same industry.
BC8 has a better Return On Invested Capital (9.60%) than 61.11% of its industry peers.
The Average Return On Invested Capital over the past 3 years for BC8 is in line with the industry average of 11.13%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.54% | ||
| ROE | 13.65% | ||
| ROIC | 9.6% |
ROA(3y)7.31%
ROA(5y)7.24%
ROE(3y)16.22%
ROE(5y)16.41%
ROIC(3y)12.71%
ROIC(5y)12.08%
1.3 Margins
The Profit Margin of BC8 (3.92%) is comparable to the rest of the industry.
In the last couple of years the Profit Margin of BC8 has grown nicely.
BC8's Operating Margin of 5.61% is in line compared to the rest of the industry. BC8 outperforms 50.00% of its industry peers.
In the last couple of years the Operating Margin of BC8 has grown nicely.
The Gross Margin of BC8 (17.71%) is worse than 77.78% of its industry peers.
BC8's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 5.61% | ||
| PM (TTM) | 3.92% | ||
| GM | 17.71% |
OM growth 3Y5.1%
OM growth 5Y7.51%
PM growth 3Y2.73%
PM growth 5Y5.44%
GM growth 3Y0.99%
GM growth 5Y3.27%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so BC8 is creating value.
The number of shares outstanding for BC8 remains at a similar level compared to 1 year ago.
The number of shares outstanding for BC8 remains at a similar level compared to 5 years ago.
Compared to 1 year ago, BC8 has a worse debt to assets ratio.
2.2 Solvency
BC8 has an Altman-Z score of 4.34. This indicates that BC8 is financially healthy and has little risk of bankruptcy at the moment.
BC8 has a better Altman-Z score (4.34) than 90.28% of its industry peers.
BC8 has a debt to FCF ratio of 1.17. This is a very positive value and a sign of high solvency as it would only need 1.17 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 1.17, BC8 belongs to the top of the industry, outperforming 84.72% of the companies in the same industry.
A Debt/Equity ratio of 0.29 indicates that BC8 is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.29, BC8 is in the better half of the industry, outperforming 63.89% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.29 | ||
| Debt/FCF | 1.17 | ||
| Altman-Z | 4.34 |
ROIC/WACC1.5
WACC6.41%
2.3 Liquidity
BC8 has a Current Ratio of 2.00. This is a normal value and indicates that BC8 is financially healthy and should not expect problems in meeting its short term obligations.
BC8's Current ratio of 2.00 is amongst the best of the industry. BC8 outperforms 84.72% of its industry peers.
A Quick Ratio of 1.64 indicates that BC8 should not have too much problems paying its short term obligations.
BC8 has a Quick ratio of 1.64. This is in the better half of the industry: BC8 outperforms 79.17% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2 | ||
| Quick Ratio | 1.64 |
3. Growth
3.1 Past
BC8 shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -3.86%.
BC8 shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 14.31% yearly.
The Revenue has been growing slightly by 1.42% in the past year.
The Revenue has been growing by 8.24% on average over the past years. This is quite good.
EPS 1Y (TTM)-3.86%
EPS 3Y11.57%
EPS 5Y14.31%
EPS Q2Q%-16.98%
Revenue 1Y (TTM)1.42%
Revenue growth 3Y8.34%
Revenue growth 5Y8.24%
Sales Q2Q%2.17%
3.2 Future
The Earnings Per Share is expected to grow by 2.52% on average over the next years.
Based on estimates for the next years, BC8 will show a small growth in Revenue. The Revenue will grow by 2.91% on average per year.
EPS Next Y-7.28%
EPS Next 2Y-1.22%
EPS Next 3Y2.52%
EPS Next 5YN/A
Revenue Next Year-0.79%
Revenue Next 2Y1.9%
Revenue Next 3Y3.29%
Revenue Next 5Y2.91%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 18.49, the valuation of BC8 can be described as rather expensive.
65.28% of the companies in the same industry are more expensive than BC8, based on the Price/Earnings ratio.
BC8's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.81.
BC8 is valuated rather expensively with a Price/Forward Earnings ratio of 17.79.
BC8's Price/Forward Earnings is on the same level as the industry average.
BC8's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 21.91.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.49 | ||
| Fwd PE | 17.79 |
4.2 Price Multiples
BC8's Enterprise Value to EBITDA ratio is in line with the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of BC8 indicates a somewhat cheap valuation: BC8 is cheaper than 63.89% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.95 | ||
| EV/EBITDA | 9.44 |
4.3 Compensation for Growth
The decent profitability rating of BC8 may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.29
EPS Next 2Y-1.22%
EPS Next 3Y2.52%
5. Dividend
5.1 Amount
BC8 has a Yearly Dividend Yield of 1.86%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 4.21, BC8 has a dividend in line with its industry peers.
BC8's Dividend Yield is slightly below the S&P500 average, which is at 2.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.86% |
5.2 History
The dividend of BC8 is nicely growing with an annual growth rate of 16.72%!
Dividend Growth(5Y)16.72%
Div Incr Years4
Div Non Decr Years5
5.3 Sustainability
BC8 pays out 35.25% of its income as dividend. This is a sustainable payout ratio.
BC8's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP35.25%
EPS Next 2Y-1.22%
EPS Next 3Y2.52%
FRA:BC8 (3/27/2025, 7:00:00 PM)
36.8
-0.2 (-0.54%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustryIT Services
Earnings (Last)
Earnings (Next)
Inst Owners41.11%
Inst Owner ChangeN/A
Ins Owners0.02%
Ins Owner ChangeN/A
Market Cap4.64B
Analysts77
Price Target42.91 (16.6%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.86% |
Yearly Dividend0.65
Dividend Growth(5Y)16.72%
DP35.25%
Div Incr Years4
Div Non Decr Years5
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-6.81%
Min EPS beat(2)-9.76%
Max EPS beat(2)-3.86%
EPS beat(4)1
Avg EPS beat(4)-4.3%
Min EPS beat(4)-9.76%
Max EPS beat(4)0.13%
EPS beat(8)2
Avg EPS beat(8)-1.99%
EPS beat(12)5
Avg EPS beat(12)-0.27%
EPS beat(16)9
Avg EPS beat(16)2.12%
Revenue beat(2)1
Avg Revenue beat(2)-7.83%
Min Revenue beat(2)-16.2%
Max Revenue beat(2)0.55%
Revenue beat(4)2
Avg Revenue beat(4)-4.92%
Min Revenue beat(4)-16.2%
Max Revenue beat(4)1.78%
Revenue beat(8)4
Avg Revenue beat(8)0.03%
Revenue beat(12)6
Avg Revenue beat(12)-4.82%
Revenue beat(16)6
Avg Revenue beat(16)-8.95%
PT rev (1m)0%
PT rev (3m)-2.2%
EPS NQ rev (1m)-2.12%
EPS NQ rev (3m)-3.75%
EPS NY rev (1m)0%
EPS NY rev (3m)-4.52%
Revenue NQ rev (1m)-3.53%
Revenue NQ rev (3m)-7.43%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.6%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.49 | ||
| Fwd PE | 17.79 | ||
| P/S | 0.73 | ||
| P/FCF | 9.95 | ||
| P/OCF | 8.31 | ||
| P/B | 2.53 | ||
| P/tB | 5.08 | ||
| EV/EBITDA | 9.44 |
EPS(TTM)1.99
EY5.41%
EPS(NY)2.07
Fwd EY5.62%
FCF(TTM)3.7
FCFY10.05%
OCF(TTM)4.43
OCFY12.04%
SpS50.67
BVpS14.55
TBVpS7.25
PEG (NY)N/A
PEG (5Y)1.29
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.54% | ||
| ROE | 13.65% | ||
| ROCE | 13.47% | ||
| ROIC | 9.6% | ||
| ROICexc | 11.94% | ||
| ROICexgc | 20.94% | ||
| OM | 5.61% | ||
| PM (TTM) | 3.92% | ||
| GM | 17.71% | ||
| FCFM | 7.3% |
ROA(3y)7.31%
ROA(5y)7.24%
ROE(3y)16.22%
ROE(5y)16.41%
ROIC(3y)12.71%
ROIC(5y)12.08%
ROICexc(3y)16.48%
ROICexc(5y)15.47%
ROICexgc(3y)28.38%
ROICexgc(5y)26.41%
ROCE(3y)17.83%
ROCE(5y)16.95%
ROICexcg growth 3Y-0.97%
ROICexcg growth 5Y2.09%
ROICexc growth 3Y-0.91%
ROICexc growth 5Y2.57%
OM growth 3Y5.1%
OM growth 5Y7.51%
PM growth 3Y2.73%
PM growth 5Y5.44%
GM growth 3Y0.99%
GM growth 5Y3.27%
F-Score5
Asset Turnover1.67
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.29 | ||
| Debt/FCF | 1.17 | ||
| Debt/EBITDA | 1.07 | ||
| Cap/Depr | 68.2% | ||
| Cap/Sales | 1.45% | ||
| Interest Coverage | 21.82 | ||
| Cash Conversion | 113.05% | ||
| Profit Quality | 186.2% | ||
| Current Ratio | 2 | ||
| Quick Ratio | 1.64 | ||
| Altman-Z | 4.34 |
F-Score5
WACC6.41%
ROIC/WACC1.5
Cap/Depr(3y)69.79%
Cap/Depr(5y)66.81%
Cap/Sales(3y)1.34%
Cap/Sales(5y)1.25%
Profit Quality(3y)82.15%
Profit Quality(5y)91.52%
High Growth Momentum
Growth
EPS 1Y (TTM)-3.86%
EPS 3Y11.57%
EPS 5Y14.31%
EPS Q2Q%-16.98%
EPS Next Y-7.28%
EPS Next 2Y-1.22%
EPS Next 3Y2.52%
EPS Next 5YN/A
Revenue 1Y (TTM)1.42%
Revenue growth 3Y8.34%
Revenue growth 5Y8.24%
Sales Q2Q%2.17%
Revenue Next Year-0.79%
Revenue Next 2Y1.9%
Revenue Next 3Y3.29%
Revenue Next 5Y2.91%
EBIT growth 1Y-4.28%
EBIT growth 3Y13.87%
EBIT growth 5Y16.36%
EBIT Next Year27.28%
EBIT Next 3Y13.41%
EBIT Next 5Y10.1%
FCF growth 1Y1190.54%
FCF growth 3Y12.48%
FCF growth 5Y33.59%
OCF growth 1Y1895.19%
OCF growth 3Y13.08%
OCF growth 5Y26.71%