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BKHT.DE

Brockhaus Technologies AG (BKHT.DE) fair value

Technology · Computer Hardware · XETRA · Germany
€16.05-2.73%
Market cap €168MNext earnings 2025-08-14Updated Oct 23, 2026
Our verdict
Trades 54% below our fair value
Price
€16.05
Model fair valueConfidence: low
about €34.75
Built from weaker models, sales multiples or analyst targets, so treat it as a rough guide.
Not used by alerts or posts.
Valued as a pre-revenue company: Analyst consensus.
ACCE opinionBrockhaus Technologies AG (BKHT.DE)
Fair value
Not available
ACCE price target
€19.00
Rating
Not rated
Horizon
12 months
ACCE price target published on 23 Oct 2026, 01:53 CEST.
Price used: €16.05 at the close on 23 Oct 2026, 17:30 CEST.
Models: Analyst consensus.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Full methodology
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
ACCE score
39
out of 100
1-year return
+27.9%
Dividend yield
0.00%

Brockhaus Technologies AG in four questions

Plain answers, details below
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OverviewAsk ACCEValuationQualityAnalystsSmart MoneyCompareNews and Record

Overview

ACCE thesis

Brockhaus Technologies makes industrial and computing hardware for the German market, and at 67.2% gross margin its product mix carries far more pricing power than its -16.4% operating margin suggests, so the gap is an opex and scale problem rather than a unit economics one. Revenue is shrinking at 2.0% and ROE is -7.0%, which means the business is currently destroying a little value on a small base, and a forward P/E of 4.6 prices in a skeptical view of how long that persists. The near-term question is whether cost actions can close the operating loss before the top line erodes further, and the filings and management commentary on restructuring are where a deeper look should start. With a 172M EUR market cap and no index membership, the name sits outside most screens, which is part of why the discount may be wider than the fundamentals alone justify, though that needs testing rather than assumption.

AI-assisted·How I use AIWritten Oct 23, 2026

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Valuation

INVESTOR
Where BKHT.DE's valuation models land
Price
€16.05
Model fair valueConfidence: low
about €34.75
Model
Fair value
Upside
Analyst consensus
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Quality

INVESTOR
Quality and conviction INVESTOR FEATURE

The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.

  • +A plain reason under every score
  • +Conviction breakdown and growth / value / quality / momentum scores
  • +Score history: how each score moved over time

Analysts

Wall Street consensus

No analyst coverage yet.
Analyst intelligence INVESTOR FEATURE

The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.

  • +Price-target low / average / high vs the current price, with implied upside
  • +Forward revenue and EPS consensus by fiscal year
  • +ACCE fair-value models lined up against the Street

Smart Money

PRO

In one line

Trades are only made public after a delay. We show the delay so you know how old the news is.

Company insiders
No trades filed
Last 90 days
Congress
No trades filed
Last 180 days
Average delay
No trades filed
From trade to public filing
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Compare

Where it sits vs peers

News and Record

Recent performance

1 week
-8.3%
1 month
-23.9%
3 months
-21.7%
6 months
-16.6%
YTD
+0.6%
1 year
+27.9%

Recommendation history, last 12 months

DateTypeNewPreviousPrice
23 Oct 2026, 01:53 CESTACCE price target€19.00first publication€16.50

This analysis is not personalised investment advice and does not take your situation, objectives or risk tolerance into account. ACCE Investments is not an authorised investment firm.

Investing in shares carries a risk of losing capital. The value of an investment can go down as well as up.

This security trades in EUR. Exchange-rate movements can increase or reduce the result in your own currency.

Valuation horizon: 12 months from the publication date.

Conflicts of interest. ACCE Investments is operated by Adrien Chantreuil, who may hold personal positions in the securities analysed. Positions are declared on each security. ACCE receives no payment from the companies analysed or from any intermediary for this analysis.

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Snapshot

Growth7Value33Quality61Momentum55Total39
Valuation
Trailing P/E
no data
Forward P/E
4.5x
PEG
no data
P/B
0.76x
EV / Revenue
7.9x
Book value/sh
€27.61
Enterprise value
€-34,167,481
Profitability
ROE
-7.0%
FCF yield
-5.11%
ROIC
-8.5%
Health and risk
Debt / equity
0.14
Dividend yield
0.00%
Beta
0.96

Price

+26.4% · 1Y

Ask anything about BKHT.DE

Answered from Brockhaus Technologies AG fundamentals + recent valuations. Every number shows its source and date.

This stock Peer Peer median weaker → stronger
ROEbetter than 67% of peers
low -162%-7%high 4%
Div yieldbetter than 100% of peers
low 0.0%0.0%high 0.0%

Peers

Prices Oct 23, 2026
CompanyPriceFair valuevs fair valueP/EROEQualityScore
BKHT.DE Brockhaus Technologies AG€16.05----7.0%6139
BGIN Bgin Blockchain Limited Class A Ordinary Shares$1.94----161.9%3119
VELO Velo3D Inc. Common stock$6.49----61.4%2249
CAN Canaan Inc. American Depositary Shares$0.22----97.1%3123
ALOT AstroNova Inc. Common Stock$28.99$9216% above--1.8%4052
OSS One Stop Systems Inc. Common Stock$5.91----18.6%4839
PARRO.PA Parrot S.A.€7.51--107.7x4.3%5541

Sector report card

Where BKHT.DE ranks against its sector peers on each metric.

Computing percentiles…