| Valuation method | Value, € | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 24.87 | 29 |
| Intrinsic value (DCF) | 8.00 | -58 |
| Graham-Dodd Method | n/a | |
| Graham Formula | n/a |
Bertrandt AG (BDT.DE) is a leading German engineering services provider specializing in automotive, aerospace, and industrial engineering solutions. Founded in 1974 and headquartered in Ehningen, Germany, Bertrandt operates through three core segments: Digital Engineering, Physical Engineering, and Electrical Systems/Electronics. The company offers comprehensive services ranging from vehicle component design and validation to software development for autonomous driving and e-mobility solutions. Serving key industries such as automotive, aerospace, and medical engineering, Bertrandt leverages its expertise in numerical analysis, rapid prototyping, and electronic module development to support innovation in mobility and industrial applications. With a strong presence in Germany and international markets, Bertrandt plays a pivotal role in the evolving landscape of engineering services, particularly in the transition toward electric and autonomous vehicles. The company’s diversified client base and technological capabilities position it as a critical partner for OEMs and suppliers navigating the shift to sustainable and digital mobility solutions.
Bertrandt AG presents a mixed investment profile. The company operates in a high-growth sector driven by automotive electrification and digital transformation, but recent financials show challenges, including a net loss of €77.2 million in the latest fiscal year. While its revenue remains robust (€1.19 billion), negative EPS (-€7.64) and high total debt (€306.7 million) raise concerns. Bertrandt’s strong operating cash flow (€76.9 million) and solid cash reserves (€114.3 million) provide some financial flexibility, but investors should monitor its ability to return to profitability amid industry competition and macroeconomic pressures. The modest dividend (€0.25 per share) may appeal to income-focused investors, but the stock’s beta (0.94) suggests market-aligned volatility. Long-term prospects hinge on Bertrandt’s ability to capitalize on automotive R&D trends, though near-term risks persist.
Bertrandt AG competes in the engineering services sector, where differentiation relies on technical expertise, innovation, and client relationships. The company’s competitive advantage lies in its integrated service offerings across digital, physical, and electrical engineering—a key strength as automakers seek end-to-end solutions for electrification and autonomous driving. However, Bertrandt faces intense competition from larger global engineering firms and specialized automotive consultancies. Its focus on the German and European markets provides regional stability but may limit growth compared to rivals with broader geographic reach. Bertrandt’s historical ties to traditional automotive OEMs could be both a strength (deep industry knowledge) and a weakness (exposure to legacy automakers’ slower EV transition). The company’s ability to pivot toward high-growth areas like battery systems and software-defined vehicles will be critical in maintaining competitiveness against firms with stronger balance sheets and R&D budgets. Cost efficiency and project execution will also determine whether Bertrandt can improve margins in a price-sensitive industry.