ASSYSTEM (ASY.PA)
FR0000074148 - Common Stock
We assign a fundamental rating of 5 out of 10 to ASY. ASY was compared to 29 industry peers in the Professional Services industry. Both the profitability and the financial health of ASY get a neutral evaluation. Nothing too spectacular is happening here. ASY is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year ASY was profitable.
ASY had a positive operating cash flow in the past year.
Of the past 5 years ASY 4 years were profitable.
Each year in the past 5 years ASY had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 12.38%, ASY belongs to the top of the industry, outperforming 92.86% of the companies in the same industry.
ASY has a better Return On Equity (28.89%) than 75.00% of its industry peers.
Looking at the Return On Invested Capital, with a value of 7.39%, ASY is in line with its industry, outperforming 50.00% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for ASY is significantly below the industry average of 10.91%.
The last Return On Invested Capital (7.39%) for ASY is above the 3 year average (4.85%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 12.38% | ||
| ROE | 28.89% | ||
| ROIC | 7.39% |
ROA(3y)7.89%
ROA(5y)4.8%
ROE(3y)14.36%
ROE(5y)8.58%
ROIC(3y)4.85%
ROIC(5y)4.71%
1.3 Margins
ASY has a better Profit Margin (14.57%) than 85.71% of its industry peers.
In the last couple of years the Profit Margin of ASY has grown nicely.
ASY has a Operating Margin (5.84%) which is comparable to the rest of the industry.
ASY's Operating Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 5.84% | ||
| PM (TTM) | 14.57% | ||
| GM | N/A |
OM growth 3Y11.29%
OM growth 5Y-0.21%
PM growth 3YN/A
PM growth 5Y32.23%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
ASY has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
The number of shares outstanding for ASY has been increased compared to 1 year ago.
ASY has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, ASY has an improved debt to assets ratio.
2.2 Solvency
ASY has an Altman-Z score of 2.55. This is not the best score and indicates that ASY is in the grey zone with still only limited risk for bankruptcy at the moment.
ASY's Altman-Z score of 2.55 is on the low side compared to the rest of the industry. ASY is outperformed by 60.71% of its industry peers.
The Debt to FCF ratio of ASY is 2.24, which is a good value as it means it would take ASY, 2.24 years of fcf income to pay off all of its debts.
With an excellent Debt to FCF ratio value of 2.24, ASY belongs to the best of the industry, outperforming 85.71% of the companies in the same industry.
ASY has a Debt/Equity ratio of 0.28. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of ASY (0.28) is better than 78.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.28 | ||
| Debt/FCF | 2.24 | ||
| Altman-Z | 2.55 |
ROIC/WACC1.02
WACC7.22%
2.3 Liquidity
A Current Ratio of 1.10 indicates that ASY should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.10, ASY is in line with its industry, outperforming 42.86% of the companies in the same industry.
ASY has a Quick Ratio of 1.10. This is a normal value and indicates that ASY is financially healthy and should not expect problems in meeting its short term obligations.
With a Quick ratio value of 1.10, ASY perfoms like the industry average, outperforming 46.43% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.1 | ||
| Quick Ratio | 1.1 |
3. Growth
3.1 Past
ASY shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 140.45%, which is quite impressive.
ASY shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 40.05% yearly.
The Revenue has grown by 11.79% in the past year. This is quite good.
The Revenue has been growing slightly by 5.39% on average over the past years.
EPS 1Y (TTM)140.45%
EPS 3YN/A
EPS 5Y40.05%
EPS Q2Q%-74.35%
Revenue 1Y (TTM)11.79%
Revenue growth 3Y9.59%
Revenue growth 5Y5.39%
Sales Q2Q%6.65%
3.2 Future
The Earnings Per Share is expected to decrease by -0.19% on average over the next years.
The Revenue is expected to grow by 6.41% on average over the next years.
EPS Next Y-25.75%
EPS Next 2Y-8.82%
EPS Next 3Y-0.19%
EPS Next 5YN/A
Revenue Next Year6.63%
Revenue Next 2Y6.27%
Revenue Next 3Y6.41%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 7.01, which indicates a rather cheap valuation of ASY.
ASY's Price/Earnings ratio is rather cheap when compared to the industry. ASY is cheaper than 92.86% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.54. ASY is valued rather cheaply when compared to this.
With a Price/Forward Earnings ratio of 16.83, ASY is valued correctly.
Compared to the rest of the industry, the Price/Forward Earnings ratio of ASY is on the same level as its industry peers.
When comparing the Price/Forward Earnings ratio of ASY to the average of the S&P500 Index (23.99), we can say ASY is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.01 | ||
| Fwd PE | 16.83 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ASY is on the same level as its industry peers.
ASY's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.83 | ||
| EV/EBITDA | 11.64 |
4.3 Compensation for Growth
The decent profitability rating of ASY may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.18
EPS Next 2Y-8.82%
EPS Next 3Y-0.19%
5. Dividend
5.1 Amount
ASY has a Yearly Dividend Yield of 2.45%.
ASY's Dividend Yield is a higher than the industry average which is at 2.89.
Compared to an average S&P500 Dividend Yield of 2.36, ASY has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.45% |
5.2 History
The dividend of ASY decreases each year by -0.88%.
Dividend Growth(5Y)-0.88%
Div Incr Years1
Div Non Decr Years6
5.3 Sustainability
ASY pays out 136.78% of its income as dividend. This is not a sustainable payout ratio.
The Dividend Rate of ASY has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP136.78%
EPS Next 2Y-8.82%
EPS Next 3Y-0.19%
ASSYSTEM
EPA:ASY (12/24/2024, 7:00:00 PM)
40.8
+1.3 (+3.29%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryProfessional Services
Earnings (Last)
Earnings (Next)
Inst Owners13.14%
Inst Owner ChangeN/A
Ins Owners58.84%
Ins Owner ChangeN/A
Market Cap639.34M
Analysts80
Price Target52.22 (27.99%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.45% |
Dividend Growth(5Y)-0.88%
DP136.78%
Div Incr Years1
Div Non Decr Years6
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-7.25%
PT rev (3m)-11.11%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-33.85%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.94%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.01 | ||
| Fwd PE | 16.83 | ||
| P/S | 1.07 | ||
| P/FCF | 14.83 | ||
| P/OCF | 13.6 | ||
| P/B | 2.12 | ||
| P/tB | 3.94 | ||
| EV/EBITDA | 11.64 |
EPS(TTM)5.82
EY14.26%
EPS(NY)2.42
Fwd EY5.94%
FCF(TTM)2.75
FCFY6.74%
OCF(TTM)3
OCFY7.35%
SpS38.12
BVpS19.22
TBVpS10.34
PEG (NY)N/A
PEG (5Y)0.18
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 12.38% | ||
| ROE | 28.89% | ||
| ROCE | 8.36% | ||
| ROIC | 7.39% | ||
| ROICexc | 9.06% | ||
| ROICexgc | 15.29% | ||
| OM | 5.84% | ||
| PM (TTM) | 14.57% | ||
| GM | N/A | ||
| FCFM | 7.22% |
ROA(3y)7.89%
ROA(5y)4.8%
ROE(3y)14.36%
ROE(5y)8.58%
ROIC(3y)4.85%
ROIC(5y)4.71%
ROICexc(3y)5.12%
ROICexc(5y)5.1%
ROICexgc(3y)6.61%
ROICexgc(5y)6.51%
ROCE(3y)5.48%
ROCE(5y)5.33%
ROICexcg growth 3Y5.56%
ROICexcg growth 5Y0.76%
ROICexc growth 3Y5.9%
ROICexc growth 5Y0.06%
OM growth 3Y11.29%
OM growth 5Y-0.21%
PM growth 3YN/A
PM growth 5Y32.23%
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover0.85
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.28 | ||
| Debt/FCF | 2.24 | ||
| Debt/EBITDA | 1.52 | ||
| Cap/Depr | 19.5% | ||
| Cap/Sales | 0.65% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 85.61% | ||
| Profit Quality | 49.54% | ||
| Current Ratio | 1.1 | ||
| Quick Ratio | 1.1 | ||
| Altman-Z | 2.55 |
F-Score7
WACC7.22%
ROIC/WACC1.02
Cap/Depr(3y)29.72%
Cap/Depr(5y)53.64%
Cap/Sales(3y)0.96%
Cap/Sales(5y)1.6%
Profit Quality(3y)37.14%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)140.45%
EPS 3YN/A
EPS 5Y40.05%
EPS Q2Q%-74.35%
EPS Next Y-25.75%
EPS Next 2Y-8.82%
EPS Next 3Y-0.19%
EPS Next 5YN/A
Revenue 1Y (TTM)11.79%
Revenue growth 3Y9.59%
Revenue growth 5Y5.39%
Sales Q2Q%6.65%
Revenue Next Year6.63%
Revenue Next 2Y6.27%
Revenue Next 3Y6.41%
Revenue Next 5YN/A
EBIT growth 1Y18.71%
EBIT growth 3Y21.96%
EBIT growth 5Y5.17%
EBIT Next Year39%
EBIT Next 3Y19.51%
EBIT Next 5YN/A
FCF growth 1Y762%
FCF growth 3Y-23.62%
FCF growth 5Y-6.16%
OCF growth 1Y416.48%
OCF growth 3Y-22.74%
OCF growth 5Y-6.63%