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%.

Is BC8.DE a buy or a sell?

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%

38.28 EUR

Stock Price

29.80 EUR

Fair Price

REVENUE & EXPENSES

CAPEX

D&A

WORKING CAPITAL

TERMINAL VALUE

BC8.DE DCF Valuation: Revenue & Expenses Forecast

(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%