Bechtle share price falls by 12 during the PK

$BC8 (-15,6 %) presented its figures today and the share price plummeted during the press conference. The company still achieved growth, but on a very low basis.

The share price has already fallen by 40% YTD. However, the dividend policy has remained stable and the outlook of € 10 bn business volume (! not turnover!) in 2030 also looks ok (4% p.a.).

The financial stability of the company is still intact, which is visible in the dividend policy and the FCF.

How do you see Bechtle, will it get back on its feet in the medium term? Forward P/E ratio 2027 is expected to be 12. Share price currently at 2019 level.

Year

2025 2026e* 2027e*

Sales in EUR bn

6,41 6,84 7,28

Earnings per share in EUR

1,82 2,04 2,25

P/E RATIO

15 13 12

Dividend per share in EUR

0,70 0,70 0,75

Dividend yield

2,57% 2,57% 2,76%

elhubso@elhubso

I work with Bechtle every day.
The problem is that many customers are currently not investing due to the increased prices, especially in the RAM area/server etc..
Many customers are extending their service contracts instead of using budgets for new acquisitions as planned. At least this applies to what is presumably quite a large proportion of Bechtle's business.

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Kai@Dividenden-Sammler

I'm thinking about buying some more in the next few days. My fingers are really itching.

Bechtle share price falls by 12% during the PK