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Bertrandt Aktiengesellschaft (BDT) Fair Value & Analysis

Consumer Cyclical · DE · Market cap €103M

BA Bertrandt Aktiengesellschaft BDT · XETRA
Price€9.28
Fair Value€4.81
Upside-48.2%
Quality95/100
Evidence: Medium Range €3.37 – €11.11

Fair value as of: Jun 25, 2026

From 11 valuation models · updated 4 days ago

Fair value updated Jun 25, 2026 — revised from €20.36 to €4.81 (−76.4%) since Jun 24, 2026. Share price −12.1% over the past month.

Price vs Fair Value (12 months)

€22.78 €9.24 Fair Value €4.81 Jun 2025 Jun 2026

12‑month range €9.24 – €22.78 · fair‑value band €3.37 – €11.11 · the €9.28 price screens above the €4.81 fair value. As of Jun 25, 2026.

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Analysis

Bertrandt Aktiengesellschaft (BDT) currently trades at €9.28, while our model-based Fair Value estimate is €4.81 — implying the stock looks roughly 48.2% overvalued today. We read business quality at 95/100 (high quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: medium).

Over the trailing twelve months, Bertrandt Aktiengesellschaft generated revenue of €918M at a net margin of -6.3%. Revenue declined 10.9% year over year. It earns a return on equity of -18.3%. Net debt stands at €206M. Fundamentals as of Jun 25, 2026

Key figures & financial health

Revenue (TTM) €918M
Revenue growth (YoY) -10.9%
Net margin -6.3%
Return on equity -18.3%
Free cash flow €5.6M FY2025
Operating margin -6.3%
More key figures
EPS (TTM) €-5.23
EPS growth (YoY) -44.3%
Net debt €206M FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 25, 2026. TTM = trailing twelve months.

About the company

Bertrandt Aktiengesellschaft provides engineering services. It operates through three segments: Digital Engineering, Physical Engineering, and Electrical Systems/Electronics. The Digital Engineering segment includes vehicle development services. The Physical Engineering segment undertakes business activities related to the testing and validation of and with physical component parts, components, systems and the vehicles. The Electrical Systems/Electronics segment manages software solutions, autonomous mobility, smart infotainment systems, alternative drive solutions, and strong virtual testing expertise. The company also engages in the testing, planning, project management, and CAD activities. It serves automotive, aerospace, mechanical and plant engineering, electrical, energy, and medical engineering sectors. It operates in approximately 50 locations in Germany, rest of Europe, Asia, Africa, and the United States. The company was founded in 1974 and is based in Ehningen, Germany.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Bertrandt Aktiengesellschaft reported revenue of €977M in FY2025 versus €849M in FY2021, a compound +3.6%/yr. Reported net income was −€53.8M in FY2025.

Revenue +3.6%/yr
FY21 €849M
FY22 €1.0B
FY23 €1.2B
FY24 €1.2B
FY25 €977M
Net income
FY21 €6.9M
FY22 €21.1M
FY23 €30.4M
FY24 −€77.2M
FY25 −€53.8M

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Frequently asked questions

Is Bertrandt Aktiengesellschaft (BDT) undervalued?
As of Jun 25, 2026, our model estimates a fair value of €4.81 versus a price of €9.28 — about −48% (overvalued). Model-based estimate, not financial advice.
What is the fair value of BDT?
Our 21-model fair value for Bertrandt Aktiengesellschaft is €4.81 (as of Jun 25, 2026), built from audited fundamentals. The current price is €9.28.
What is the quality score of BDT?
Bertrandt Aktiengesellschaft has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Bertrandt Aktiengesellschaft (BDT)?
Bertrandt Aktiengesellschaft reported trailing-twelve-month revenue of about €918M (latest available figure, as of Jun 25, 2026).
What is the net profit margin of BDT?
The net profit margin of Bertrandt Aktiengesellschaft is about -6.3%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.