Bechtle

Digitalisation: Berlin finally opens the public spending floodgates

01/12/25 -"We maintain a positive view on Bechtle, although the upside potential is now more limited. Our €50 target price reflects this constructive stance, balancing the company’s solid strategic positioning ..."

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Pages
41
Language
English
Published on
01/12/25
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01/12/25
Taking into account the divestment of Allgeier’s IT-managed-services branch, we acknowledge the temporary mechanical impact on EPS. However, this ...
01/12/25
We maintain a positive view on Bechtle, although the upside potential is now more limited. Our €50 target price reflects this constructive stance, ...
28/11/25
The strong revision of the target price reflects updated estimates, primarily driven by scope effects, as well as NAV and DCF assumptions (see ...
26/11/25
There is a minor change in the target price following the fine-tuning of our model. Excluding the negative currency effects, the group continues to ...

EXECUTIVE SUMMARY

Updates Pension Risks
Target & Opinion Governance & Management
Business & Trends Graphics : Momentum
Money Making Graphics : MACD & Volumes
Debt Graphics : Sensitivities
Valuation Sector: Performance
DCF Sector: Key data
NAV/SOTP Sector: Ratios & Valorisation
Worth knowing Sector: Peers
Financials Sector: Analysis

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