The Discounted Cash Flow (DCF) valuation of Bechtle AG (BC8.DE) is 29.80 EUR. With the latest stock price at 38.28 EUR, the upside of Bechtle AG based on DCF is -22.1%.
Based on the latest price of 38.28 EUR and our DCF valuation, Bechtle AG (BC8.DE) is a sell. Selling BC8.DE stocks now will result in a potential gain of 22.1%.
Range | Selected | |
WACC / Discount Rate | 6.6% - 8.5% | 7.6% |
Long-term Growth Rate | 1.0% - 3.0% | 2.0% |
Fair Price | 22.62 - 44.69 | 29.80 |
Upside | -40.9% - 16.7% | -22.1% |
(EUR in millions) | Projections | |||||
12-2024 | 12-2025 | 12-2026 | 12-2027 | 12-2028 | 12-2029 | |
Revenue | 6,306 | 6,128 | 6,529 | 6,840 | 7,222 | 7,661 |
% Growth | 2% | -3% | 7% | 5% | 6% | 6% |
Cost of goods sold | (5,167) | (5,022) | (5,350) | (5,606) | (5,918) | (6,278) |
% of Revenue | 82% | 82% | 82% | 82% | 82% | 82% |
Selling, G&A expenses | (724) | (704) | (750) | (786) | (829) | (880) |
% of Revenue | 11% | 11% | 11% | 11% | 11% | 11% |
Research & Development | 0 | 0 | 0 | 0 | 0 | 0 |
% of Revenue | 0% | 0% | 0% | 0% | 0% | 0% |
Net interest & other expenses | (69) | (67) | (72) | (75) | (79) | (84) |
% of Revenue | 1% | 1% | 1% | 1% | 1% | 1% |
Tax expense | (100) | (97) | (103) | (108) | (114) | (121) |
Tax rate | 29% | 29% | 29% | 29% | 29% | 29% |
Net profit | 245 | 239 | 254 | 266 | 281 | 298 |
% Margin | 4% | 4% | 4% | 4% | 4% | 4% |