March 19,2020
Bechtle AG FY19
Market Info
Reported 3/19/20 before hours
3/19/20 closing price change: 3.76%
Ticker: FRA:BC8
Shares Outstanding: 42.00M
Market Cap: €5.258B
Income Statement
- FY19 Revenue up 24.31% YoY from €323B to €5.374B
- IT Systems Integration Revenue up 19.91% from €2.906B to €3.485B
- IT E-Commerce Revenue up 33.34% from €1.417B to €1.889B
- Gross Profit up 42% YoY from €642.9M to €767.8M
- Gross Profit Margin down 58bp from 14.87% to 14.29%
- Earnings before taxes up 29% YoY from €193.2M to €236.3M
- Net Income up 31% YoY from €137.1M to €170.5M
- Fully diluted FY19 EPS up 16% YoY from €3.27 to €4.06
Balance Sheet
- Cash €272.2M
- Debt €387.7M
Analyst Consensus
- Analyst Consensus estimate: Diluted EPS = €4.06
- FY19 Diluted EPS = €3.98; beat Analyst Consensus by 2.01%*
| Bechtle AG | ||||||
| Dec-19 | Sep-19 | Jun-19 | Mar-19 | Dec-18 | Sep-18
|
|
| Valuation Ratios | Preliminary | Final | Final | Final | Final | Final |
| Price / Earnings | 30.8 | 24.5 | 27.8 | 24.1 | 20.8 | 29.3 |
| Price / Book Value | 5.2 | 4.1 | 4.6 | 3.8 | 3.2 | 4.4 |
| Dividend Yield (%) | 1.0 | N/A | N/A | N/A | 1.5 | 1.0 |
| Enterprise Value / EBITDA | 16.5 | 15.2 | 17.8 | 15.3 | 13.8 | 18.1 |
| Enterprise Value / Sales | 1.0 | 0.8 | 0.9 | 0.8 | 0.7 | 1.0 |
*Source: FactSet
Report created 3.19.2020
With questions or concerns please contact:
Max Shiner – Analyst
Email:mshiner@martinwolf.com Phone: 925.215.2740