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Basler AGBSL.DECompetitor analysis, valuation and peers

Germany · EUR·Information Technology›Electronic Components
Momentum neutral 56
Mkt cap
$823M
US dollars, full cap
Free float
41%
of shares outstanding
$/day
$1.21M
20-day average traded
Fwd P/E
19.1×
forward earnings
ROIC−WACC
+0.6 pp
WACC 14.7%
Hurdle
+18 pp
Req g minus delivered
Next earnings
146 days
1 Apr 2027
Close · EUR€23.70
1D-1.0%
1W+4.4%
1M+4.9%
3M+3.3%
6M-7.4%
YTD+54.9%
1Y+55.1%
ATR %5.9%
52w lowhigh25.7% off high

What Basler does

Employees: 824

Basler at a glance

Size Basler (BSL.DE) is a Germany Information Technology company (Electronic Components) with a market value of $823M, the 156th largest of 205 Germany companies the cockpit tracks. Shares closed at €23.70 on 6 Nov 2026.

Performance Over six months the shares fell 7.4%, against -18.8% for the median peer and +2.6% for the Germany market (cap-weighted) — 7th highest of 21 in its peer set.

Growth Revenue grew 31.1% over the last twelve months (peer median +17.6%); the operating margin is 15.0% (peer median 6.5%).

Valuation It trades at 19.1× forward earnings against a peer median of 16.3× (6th most expensive of 14).

Price implies For today's price to make sense, revenue must grow about 24% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is +18 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.

Capital Return on invested capital runs 0.6 points above its cost of capital (14.7% WACC).

Next results Next results expected around 1 Apr 2027 (exchange calendar; dates can move).

Relative performance

8010012011 May 202611 Aug 20266 Nov 2026BSL.DE 99Peer median 80
Six months, rebased to 100: Basler against the median of its 20 peers (local-currency closes).

Basler financials

Reported figures in EUR; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue€265M€225M€184M€201M€269M
Revenue growth—+22%-8%-26%—
Gross profit€132M€93.4M€63.8M€62.1M€115M
EBITDA€56.1M€37.5M€6.91M-€1.75M€41.1M
Net income€28.8M€11.6M-€14.2M-€13.8M€21.4M
Free cash flow€35.5M€27.9M€13.9M€1.35M-€18.4M
Capital expenditure€8.50M€10.3M€10.7M€13.5M€30.0M
Total debt€58.9M€65.5M€69.6M€83.7M€68.2M

Quarterly statements and history in the cockpit →

Basler competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-50%-25%0%+25%-20%0%HTRO30096468865500288530080237156884166875LEHN6996CICN3013213011320027826886776034893515300183BSL.DE6-month return →1-month return →
Up and to the right = strong over both horizons. Basler is the large dot.

Fundamentals: revenue growth against valuation

0%+50%+100%20×40×HTRO30080237156884166875LEHN6996CICN00278268867724726034893515BSL.DERevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Basler is the large dot.

Capital: growth delivered against growth the price implies

0%+10%+20%+30%0%20%HTRO002885300802688416LEHN6996CICN3013210027826886772472603489BSL.DEGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Basler is the large dot.

Basler competitors and peer comparison

How Basler compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Basler against its 20 peers (data as of 6 Nov 2026)
MeasureBSL.DEPeer medianRank in peer set
1-month return+4.9%-21.5%highest of 21
6-month return-7.4%-18.8%7th highest of 21
Distance from 52-week high-25.7%-43.3%3rd highest of 21
Revenue growth (TTM)+31.1%+17.6%7th highest of 21
Operating margin15.0%6.5%4th highest of 21
Forward P/E19.1×16.3×6th most expensive of 14
Growth the price implies (Req g, 7 yrs)23.8%16.7%5th most demanding of 13
Growth delivered (Del g)+5.7%+11.8%3rd lowest of 13
Hurdle (Req g minus delivered)+18.2 pp+7.2 pp3rd most demanding of 13
ROIC minus cost of capital+0.6 pp+0.6 pp11th highest of 21
EV / EBITDA13.6×10.7×3rd most expensive of 8
Net debt / EBITDA0.5×-0.6×4th most indebted of 9

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Basler BSL.DEGermany$823M-7%+31%15%19.1×23.8%+5.7%
Hexatronic HTRO.STSweden$821M-17%+7%6%15.0×12.9%+28.3%
Jiangsu Allfavor Intelligent Circuits Technology 300964.SZChina$821M+1%+78%8%n/an/an/a
Shenzhen Xunjiexing Technology 688655.SSChina$810M-13%+70%0%n/an/an/a
Shenzhen Jingquanhua Electronics 002885.SZChina$840M-34%+9%4%n/a27.6%+20.6%
Jutze Intelligent Technology 300802.SZChina$801M-6%+18%12%39.4×32.6%+10.0%
Dynamic 3715.TWTaiwan$846M-50%+43%5%16.3×n/an/a
Zbit Semiconductor 688416.SSChina$798M-34%+122%19%27.3×30.7%+13.5%
Megachips 6875.TJapan$772M-17%+2%1%3.4×n/an/a
LEM LEHN.SWSwitzerland$768M+74%-6%9%20.0×6.4%-0.9%
Nichicon 6996.TJapan$758M-27%0%5%13.0×15.3%+7.9%
Cicor Technologies CICN.SWSwitzerland$758M-6%+26%4%18.2×5.8%+23.5%
Highbroad Advanced Material (Hefei) 301321.SZChina$902M+28%+22%0%n/a35.6%+5.8%
Ji'an Mankun Technology 301132.SZChina$751M+38%+32%9%n/an/an/a
Shenzhen Click Technology 002782.SZChina$903M-36%+10%3%13.9×18.2%+34.0%
Qingdao NovelBeam Technology 688677.SSChina$904M-54%+11%28%30.4×22.1%+17.0%
Lelon Electronics 2472.TWTaiwan$750M-20%+10%20%10.9×8.2%+7.6%
Bafang Electric (Suzhou) 603489.SSChina$906M-31%+18%13%31.0×13.8%-0.8%
ASRock 3515.TWTaiwan$747M-16%+29%7%8.9×n/an/a
Qingdao Eastsoft Communication Technology 300183.SZChina$745M-23%+4%-6%n/an/an/a
Shenzhen Q&D Circuits 301628.SZChina$917M-26%+37%13%n/an/an/a

Questions

Which companies are Basler's closest peers?
The cockpit's peer set: Hexatronic (HTRO.ST), Jiangsu Allfavor Intelligent Circuits Technology (300964.SZ), Shenzhen Xunjiexing Technology (688655.SS), Shenzhen Jingquanhua Electronics (002885.SZ), Jutze Intelligent Technology (300802.SZ), Dynamic (3715.TW), Zbit Semiconductor (688416.SS), Megachips (6875.T).
Is Basler expensive compared with its peers?
On forward p/e it trades at 19.1× against a peer median of 16.3×, 6th most expensive of 14 in its peer set. For today's price to make sense, revenue must grow about 24% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is +18 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
How has Basler stock performed?
Over six months to 6 Nov 2026 the shares returned -7.4% against -18.8% for the median peer; over one year +55.1%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.