BC8.DE

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Bechtle AG · Technology · Germany · $4.4B · Avg Vol: $8M/d

Full House: Strong business, sensible price, market agrees. The rare full house.

77
StockRank
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Quality
56
Value
62
Momentum
52

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P/E (TTM)
17.6x
peers 27.8x
ROE
12.3%
peers 9.6%
D/E
0.5x
peers 0.2x
Dividend %
2.0%
trailing yield
AI CONVICTION THESIS

Bechtle is Germany's largest IT systems house, reselling hardware and software and providing managed services to businesses and the public sector. Second-quarter profit rose about 20% and it won a large contract with the Bavarian justice system, which shows its strength in public procurement. Much of the business is low-margin reselling and labour-based services, and forward earnings estimates were cut about 1.3% over the past month, so the recovery is not yet showing up in expectations.

ABOUT BECHTLE AG

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Bechtle AG is Germany's largest IT system house and a leading e-commerce provider for IT products across Europe. The company offers a comprehensive portfolio of hardware, software, and cloud services to medium-sized businesses, public sector clients, and large corporations. Bechtle's competitive moat is built on its extensive regional service network, strong partnerships with major global technology vendors, and high customer retention rates.

FINANCIAL SUMMARY (EUR)

Year2022202320242025CAGRTTM2026E2027EFwd CAGR
Revenue6.0B6.4B6.3B6.4B2.0%6.8B6.9B7.4B7.3%
EPS (EUR)1.992.111.821.82-2.9%1.961.992.189.5%
Shares126.0M126.0M126.0M126.0M0.0%————
Debt523.1M734.0M226.8M250.3M-21.8%1.1B———
Equity1.5B1.7B1.9B2.0B10.0%————
Op CF116.7M459.0M558.2M289.8M35.4%164.7M———
Inv CF-224.3M-282.6M-206.3M-251.1M—————
Fin CF-100.2M28.2M-146.0M-301.0M—————
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PRICE (1Y) · EUR-1.9%
33.034.235.536.738.018 Aug10 Sep30 Sep
SMA 50SMA 200

Price checkExperimental
SwingsBumpy

Swung more than 51% of stocks we rank over the past year (42% a year).

How this is worked out

What it measures: day-to-day price moves over the past year, as a yearly figure, ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.

What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.

Calm is not safe: a calm stock can still slide steadily.

Rules fixed before any data was fetched. Describes the chart, not a recommendation.

Close
EUR 34.48
RSI (14)
48.3
52-Week Range-21.9% from high
Low EUR 24.01High EUR 44.13

SCORE BREAKDOWN

Quality
56
ROIC
12.4%68.9
ROE
12.3%63.6
GP/Assets
27.4%63.5
Op. Margin
4.9%45.5
FCF/Assets
3.7%54.8
Piotroski
661.2
Int. Cover
12.8x52.5
D/E Ratio
0.54x25.8
Current Ratio
1.86x46.6
Value
62
P/E (TTM)
17.6x70.1
EV/EBITDA
11.3x67.5
P/FCF
n/mN/A
P/B
2.1x67.2
P/S
—N/A
Div Yield
2.0%63.1
Momentum
52
52W High %
78%69.1
RS 6M
11%65.9
SMA 50/200
1.05x62.7
EPS Rev 4W
-2.8%15.2
EPS Rev 12W
+3.2%74.8
EPS Improve
+12%21.4
Q Growth
21%43.8

FUNDAMENTALS

Market Cap
$4.4B
P/E (Forward)
15.8x
Gross Margin
18.7%

SECTOR PEERS

Closest peers in Technology, ranked by industry match, size, and score similarity. Cross-listings of BC8.DE are excluded.

TickerCompanyMkt CapStockRankSignal
BC8.DEBechtle AG(you)$4.4B77Buy
COK.DECancom SE$735M72Buy
NA9.DENagarro SE$1.1B90Strong Buy
IXX.DEinit innovation in traffic systems SE$573M82Strong Buy
GFT.DEGFT Technologies SE$755M89Strong Buy
SHF.DESNP Schneider-Neureither & Partner SE$664M89Strong Buy
ADN1.DEadesso SE$398M65Hold
A1OS.DEAll for One Group SE$376M60Hold
AEIN.DEAllgeier SE$190M59Hold
JEN.DEJenoptik AG$2.8B84Strong Buy

Peer medians: ROE 9.6% · P/E 27.8x · Gross margin 40.1%

Company Deep Dive

Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.

Request Deep Dive(50 Feathers)

Bechtle AG (BC8.DE): Stock Score Summary

Bechtle AG (BC8.DE) has a MoatMap StockRank of 77/100 based on Quality (56/100), Value (62/100), and Momentum (52/100) factor scores. The current signal is BUY. Bechtle is Germany's largest IT systems house, reselling hardware and software and providing managed services to businesses and the public sector. Second-quarter profit rose about 20% and it won a large contract with the Bavarian justice system, which shows its strength in public procurement. Much of the business is low-margin reselling and labour-based services, and forward earnings estimates were cut about 1.3% over the past month, so the recovery is not yet showing up in expectations.

Bechtle AG is Germany's largest IT system house and a leading e-commerce provider for IT products across Europe. The company offers a comprehensive portfolio of hardware, software, and cloud services to medium-sized businesses, public sector clients, and large corporations. Bechtle's competitive moat is built on its extensive regional service network, strong partnerships with major global technology vendors, and high customer retention rates.

Key Financial Metrics

PriceEUR 34.48
Market Cap$4.4B
P/E (TTM)17.64
P/E (Forward)15.77
Price/Book2.09
Return on Equity12.3%
Return on Invested Capital12.4%
Debt/Equity0.54x
Gross Margin18.7%
Operating Margin4.9%
Revenue Growth16.5%
Dividend Yield2.0%
Free Cash Flow$192M

Bechtle AG operates in the Information Technology Services industry, part of the Technology sector (Germany).

Frequently Asked Questions

What is Bechtle AG’s (BC8.DE) StockRank?
MoatMap’s StockRank for Bechtle AG (BC8.DE) is 77/100, with a Buy signal. It is a composite of Quality (56), Value (62), and Momentum (52) factor ranks across MoatMap’s universe of 25,000+ stocks.
Does Bechtle AG have an economic moat?
Bechtle AG (BC8.DE) has a Quality factor score of 56/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage: the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the characteristics of a moated business.
Is Bechtle AG a buy, hold, or sell?
MoatMap’s current signal for Bechtle AG (BC8.DE) is Buy, based on a StockRank of 77/100. Signals are derived mechanically from the StockRank composite and should be one input among many; combine with your own thesis on management, competitive position, and valuation.
What sector is Bechtle AG in?
Bechtle AG (BC8.DE) operates in the Technology sector, specifically the Information Technology Services industry (Germany).