Bechtle AG

Bechtle AG

BHTLF
Bechtle AGUS flagOther OTC
46.95
USD
- -
- -
5.92BMarket Cap
Bechtle AG
BHTLF
(Other OTC)

Recent

price

46.95

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
13.67
15.83
16.64
18.04
20.48
22.47
24.55
28.33
34.31
42.65
40.08
42.11
47.84
50.97
50.05
50.84
51.72
Revenue per Share
0.37
0.5
0.45
0.5
0.6
0.74
0.82
0.91
1.09
1.35
1.53
1.84
1.99
2.11
1.95
1.82
1.87
Basic EPS, GAAP
0.37
0.21
0.2
0.39
0.26
0.75
0.11
-0.1
0.67
1.09
2
1.8
0.28
2.84
3.73
1.34
1.58
Free Cash Flow per Basic Share
0.1
0.12
0.17
0.17
0.18
0.2
0.23
0.25
0.3
0.33
0.4
0.45
0.55
0.65
0.7
0.7
0.7
Dividend per Share
1.8
2.19
2.49
2.83
3.24
3.77
4.36
5.18
6.02
7.07
8.24
10.42
11.89
13.3
14.62
15.71
16.1
Book Value per Share
1.89
2.09
2.39
2.72
3.09
3.37
3.69
4.25
3.3
3.95
4.77
6.23
7.02
7.09
7.19
6.95
7.06
Tangible Book Value per Share
126
126
126
126
126
126
126
126
126
126
126
126
126
126
126
126
126
Basic Weighted Avg Shares
1,723
1,995
2,097
2,273
2,580
2,831
3,094
3,570
4,323
5,374
5,050
5,305
6,028
6,423
6,306
6,406
6,517
Sales/Revenue/Turnover
3.52
4.32
3.81
3.99
4.19
4.56
4.65
4.59
4.51
4.48
5.47
6.12
5.88
5.94
5.57
5.22
5.26
Operating Margin (%)
15
18
22
22
24
26
28
32
42
85
98
103
112
127
140
159
163
Depreciation Expense
46
63
56
63
76
93
103
115
137
170
193
231
251
266
245
229
235
Net Income, GAAP
24.86
27.31
28.66
29.01
29.05
28.23
28.76
29.63
29.03
27.86
28.87
27.79
28.35
29.1
29.04
29.57
29.05
Effective Tax Rate (%)
2.69
3.14
2.69
2.79
2.95
3.28
3.34
3.21
3.17
3.17
3.81
4.36
4.17
4.13
3.89
3.58
3.61
Profit Margin (%)
212
236
260
293
328
395
444
489
689
735
803
868
888
1,100
1,030
959
942
Working Capital
- -
57
61
54
48
56
52
70
- -
461
499
411
360
660
165
182
- -
LT Debt
371
422
460
502
554
621
694
777
883
1,015
1,162
1,353
1,538
1,743
1,915
2,052
2,101
Total Equity
12.71
14.32
10.87
11.29
12.48
13.68
13.67
13.35
14.82
13.97
11.73
12.75
12.56
11.52
10.5
10.27
11.94
Return on Invested Capital (%)
22.56
22.53
16.14
16.33
17.64
18.78
18.26
16.72
18.09
16.3
13.25
13.9
13.38
12.46
11.77
11.58
13.05
Return on Capital (%)
22.32
24.96
19.08
18.9
19.92
21.01
20.18
19.06
19.42
20.67
19.97
19.69
17.87
16.73
13.96
11.99
12.04
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
69
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
182
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
126
126
126
Market Capitalization
4,679
5,518
5,120

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
2,418
2,690
2,653
Cash, Cash Equivalents & STI
508
467
373
Accounts Receivable, Net
1,072
1,348
1,166
Inventories
418
380
560
Total Current Liabilities
1,439
1,731
1,711
Payables & Accruals
- -
- -
- -
ST Debt
- -
69
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
12.73%
12.09%
7.16%
Free Cash Flow
-9.02%
159.27%
-64.05%
Net Income, GAAP
9.94%
4.05%
-6.63%
Sales/Revenue/Turnover
8.9%
5%
1.59%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,503
1,475
1,511
1,816
6,306
2025
1,461
1,487
1,588
1,869
6,406
2026
1,572
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.46
0.47
0.45
- -
1.95
2025
0.31
0.38
0.46
- -
1.82
2026
0.36
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.7
- -
- -
0.7
2025
- -
0.7
- -
- -
0.7
2026
- -
- -
- -
- -
- -
Business
Bechtle AG is a leading European provider of information technology (IT) systems and services, founded in 1983 and headquartered in Neckarsulm, Germany. The company operates primarily through two segments: IT System House and Managed Services. Its core offerings include IT consulting and integration; hardware and software sales; e-commerce solutions; cloud computing services; cybersecurity; managed IT services; and data center solutions. Bechtle serves a diverse range of customers, including private enterprises, public-sector clients, and the German Mittelstand, with operations spanning 14 European countries supported by over 12,000 employees. Recent major developments in Bechtle's business include the company's strategic European expansion through multiple acquisitions such as the purchase of Spanish IT service provider Grupo Solutia Tecnologia SL, enhancing its footprint in Southern Europe with expertise in healthcare and education sectors. It also acquired Italian IT solutions provider Magnetic Media Network, significantly increasing its presence in Italy. In the Netherlands and United Kingdom, Bechtle entered these markets through three acquisitions, marking its first IT service provider operations outside the DACH region. Further strengthening cloud capabilities, Bechtle acquired Kubernetes specialist KubeOps GmbH as well as ARWINET GmbH. In addition, Bechtle completed an important acquisition of the US-based System Software Group, granting it greater access to the North American market. The company also launched an extensive deployment of Microsoft 365 Copilot AI seats across 14 countries to develop AI expertise internally and for expansion opportunities. In 2024, Bechtle unveiled a new corporate logo and reimagined corporate design to strengthen brand presence digitally and across its growing European network. Bechtle's offerings include branded product lines such as ARTICONA, covering IT infrastructure components and proprietary service portfolios. Its services encompass systems integration, software lifecycle management, business application integration, augmented reality (highlighted by SAP's AR Warehouse Picker app deployment), and comprehensive support for digital transformation initiatives. The company also operates a central logistics hub supporting its extensive e-commerce and delivery capabilities in 12 European countries. With a client base including private sector enterprises and public institutions, Bechtle is positioned as a future-oriented IT partner focusing on innovation, sustainability, and expansion under its Vision 2030 strategy. Through sustained organic growth and a disciplined acquisition strategy, Bechtle has established itself as one of Europe's largest IT providers, reporting revenues exceeding €7 billion in 2025. The company’s geographic reach and broad product-service portfolio support a diverse and evolving IT market demand across Europe, enabling it to maintain strong leadership and a comprehensive offering for enterprise digitalization and cloud adoption. (Bechtle AG core products: IT consulting and system integration; hardware/software sales; managed services; cloud and data center solutions; cybersecurity; e-commerce platforms; AI deployments. Recent changes: acquisitions in Spain (Grupo Solutia), Italy (MMN), Netherlands/UK (three firms), US (System Software Group); launch of AI Copilot deployment; new corporate design; cloud and Kubernetes services expansion.)

Company News

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  • Bechtle AG (BECTY) Q1 2026 Earnings Call Prepared Remarks Transcript