ASSYSTEM (ASY.PA) Stock Fundamental Analysis
Europe - EPA:ASY - FR0000074148 - Common Stock
44.2 EUR
+0.45 (+1.03%)
We assign a fundamental rating of 4 out of 10 to ASY. ASY was compared to 32 industry peers in the Professional Services industry. While ASY seems to be doing ok healthwise, there are quite some concerns on its profitability. While showing a medium growth rate, ASY is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
ASY had positive earnings in the past year.
In the past year ASY had a positive cash flow from operations.
Of the past 5 years ASY 4 years were profitable.
ASY had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a Return On Assets value of 1.28%, ASY is not doing good in the industry: 65.63% of the companies in the same industry are doing better.
Looking at the Return On Equity, with a value of 2.78%, ASY is doing worse than 65.63% of the companies in the same industry.
ASY has a Return On Invested Capital of 3.94%. This is in the lower half of the industry: ASY underperforms 68.75% of its industry peers.
ASY had an Average Return On Invested Capital over the past 3 years of 4.12%. This is significantly below the industry average of 12.59%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.28% | ||
| ROE | 2.78% | ||
| ROIC | 3.94% |
ROA(3y)6.75%
ROA(5y)4.3%
ROE(3y)12.09%
ROE(5y)7.77%
ROIC(3y)4.12%
ROIC(5y)3.93%
1.3 Margins
ASY has a Profit Margin (1.36%) which is comparable to the rest of the industry.
ASY's Profit Margin has declined in the last couple of years.
With a Operating Margin value of 3.54%, ASY perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
In the last couple of years the Operating Margin of ASY has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 3.54% | ||
| PM (TTM) | 1.36% | ||
| GM | N/A |
OM growth 3Y-17.68%
OM growth 5Y-12.46%
PM growth 3Y-43.9%
PM growth 5Y-24.23%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), ASY is destroying value.
Compared to 1 year ago, ASY has less shares outstanding
Compared to 5 years ago, ASY has less shares outstanding
ASY has a worse debt/assets ratio than last year.
2.2 Solvency
ASY has an Altman-Z score of 2.91. 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.
Looking at the Altman-Z score, with a value of 2.91, ASY is in the better half of the industry, outperforming 62.50% of the companies in the same industry.
ASY has a debt to FCF ratio of 3.37. This is a good value and a sign of high solvency as ASY would need 3.37 years to pay back of all of its debts.
ASY has a Debt to FCF ratio of 3.37. This is in the better half of the industry: ASY outperforms 65.63% of its industry peers.
ASY has a Debt/Equity ratio of 0.35. This is a healthy value indicating a solid balance between debt and equity.
With a decent Debt to Equity ratio value of 0.35, ASY is doing good in the industry, outperforming 75.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.35 | ||
| Debt/FCF | 3.37 | ||
| Altman-Z | 2.91 |
ROIC/WACC0.54
WACC7.29%
2.3 Liquidity
ASY has a Current Ratio of 1.15. This is a normal value and indicates that ASY is financially healthy and should not expect problems in meeting its short term obligations.
ASY has a Current ratio (1.15) which is in line with its industry peers.
A Quick Ratio of 1.15 indicates that ASY should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.15, ASY is in line with its industry, outperforming 59.38% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.15 | ||
| Quick Ratio | 1.15 |
3. Growth
3.1 Past
The earnings per share for ASY have decreased strongly by -92.03% in the last year.
The earnings per share for ASY have been decreasing by -21.02% on average. This is quite bad
The Revenue has been growing slightly by 5.84% in the past year.
Measured over the past years, ASY shows a small growth in Revenue. The Revenue has been growing by 4.24% on average per year.
EPS 1Y (TTM)-92.03%
EPS 3Y-38.1%
EPS 5Y-21.02%
EPS Q2Q%-96.36%
Revenue 1Y (TTM)5.84%
Revenue growth 3Y11.19%
Revenue growth 5Y4.24%
Sales Q2Q%5.07%
3.2 Future
Based on estimates for the next years, ASY will show a very strong growth in Earnings Per Share. The EPS will grow by 29.98% on average per year.
Based on estimates for the next years, ASY will show a small growth in Revenue. The Revenue will grow by 5.41% on average per year.
EPS Next Y73.23%
EPS Next 2Y40.66%
EPS Next 3Y29.98%
EPS Next 5YN/A
Revenue Next Year8.24%
Revenue Next 2Y5.8%
Revenue Next 3Y5.41%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 81.85, ASY can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Earnings ratio of ASY indicates a slightly more expensive valuation: ASY is more expensive than 71.88% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.20, ASY is valued quite expensively.
The Price/Forward Earnings ratio is 16.59, which indicates a correct valuation of ASY.
Compared to the rest of the industry, the Price/Forward Earnings ratio of ASY is on the same level as its industry peers.
ASY's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.70.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 81.85 | ||
| Fwd PE | 16.59 |
4.2 Price Multiples
ASY's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. ASY is more expensive than 68.75% of the companies in the same industry.
ASY's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 20.02 | ||
| EV/EBITDA | 20.02 |
4.3 Compensation for Growth
ASY's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
A more expensive valuation may be justified as ASY's earnings are expected to grow with 29.98% in the coming years.
PEG (NY)1.12
PEG (5Y)N/A
EPS Next 2Y40.66%
EPS Next 3Y29.98%
5. Dividend
5.1 Amount
ASY has a Yearly Dividend Yield of 2.19%.
Compared to an average industry Dividend Yield of 3.37, ASY has a dividend in line with its industry peers.
ASY's Dividend Yield is comparable with the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.19% |
5.2 History
On average, the dividend of ASY grows each year by 61.63%, which is quite nice.
Dividend Growth(5Y)61.63%
Div Incr Years1
Div Non Decr Years6
5.3 Sustainability
ASY pays out 2236.14% of its income as dividend. This is not a sustainable payout ratio.
ASY's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP2236.14%
EPS Next 2Y40.66%
EPS Next 3Y29.98%
EPA:ASY (9/18/2025, 5:29:24 PM)
44.2
+0.45 (+1.03%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryProfessional Services
Earnings (Last)
Earnings (Next)
Inst Owners14.39%
Inst Owner ChangeN/A
Ins Owners58.02%
Ins Owner ChangeN/A
Market Cap692.61M
Analysts77.5
Price Target47.31 (7.04%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.19% |
Yearly Dividend12.65
Dividend Growth(5Y)61.63%
DP2236.14%
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)4.6%
PT rev (3m)14.66%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)33.21%
EPS NY rev (3m)33.21%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)5.76%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 81.85 | ||
| Fwd PE | 16.59 | ||
| P/S | 1.13 | ||
| P/FCF | 20.02 | ||
| P/OCF | 17.67 | ||
| P/B | 2.32 | ||
| P/tB | 4.41 | ||
| EV/EBITDA | 20.02 |
EPS(TTM)0.54
EY1.22%
EPS(NY)2.66
Fwd EY6.03%
FCF(TTM)2.21
FCFY5%
OCF(TTM)2.5
OCFY5.66%
SpS39.07
BVpS19.07
TBVpS10.01
PEG (NY)1.12
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.28% | ||
| ROE | 2.78% | ||
| ROCE | 5.1% | ||
| ROIC | 3.94% | ||
| ROICexc | 4.25% | ||
| ROICexgc | 6.64% | ||
| OM | 3.54% | ||
| PM (TTM) | 1.36% | ||
| GM | N/A | ||
| FCFM | 5.65% |
ROA(3y)6.75%
ROA(5y)4.3%
ROE(3y)12.09%
ROE(5y)7.77%
ROIC(3y)4.12%
ROIC(5y)3.93%
ROICexc(3y)4.39%
ROICexc(5y)4.27%
ROICexgc(3y)6.1%
ROICexgc(5y)5.75%
ROCE(3y)5.34%
ROCE(5y)5.09%
ROICexcg growth 3Y5.54%
ROICexcg growth 5Y1.01%
ROICexc growth 3Y-1.72%
ROICexc growth 5Y-3.7%
OM growth 3Y-17.68%
OM growth 5Y-12.46%
PM growth 3Y-43.9%
PM growth 5Y-24.23%
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.94
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.35 | ||
| Debt/FCF | 3.37 | ||
| Debt/EBITDA | 2.68 | ||
| Cap/Depr | 27.38% | ||
| Cap/Sales | 0.75% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 101.82% | ||
| Profit Quality | 416.87% | ||
| Current Ratio | 1.15 | ||
| Quick Ratio | 1.15 | ||
| Altman-Z | 2.91 |
F-Score5
WACC7.29%
ROIC/WACC0.54
Cap/Depr(3y)25.85%
Cap/Depr(5y)34.87%
Cap/Sales(3y)0.81%
Cap/Sales(5y)1.11%
Profit Quality(3y)168.69%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-92.03%
EPS 3Y-38.1%
EPS 5Y-21.02%
EPS Q2Q%-96.36%
EPS Next Y73.23%
EPS Next 2Y40.66%
EPS Next 3Y29.98%
EPS Next 5YN/A
Revenue 1Y (TTM)5.84%
Revenue growth 3Y11.19%
Revenue growth 5Y4.24%
Sales Q2Q%5.07%
Revenue Next Year8.24%
Revenue Next 2Y5.8%
Revenue Next 3Y5.41%
Revenue Next 5YN/A
EBIT growth 1Y-34.64%
EBIT growth 3Y-8.47%
EBIT growth 5Y-8.75%
EBIT Next Year79.31%
EBIT Next 3Y23.58%
EBIT Next 5YN/A
FCF growth 1Y12.7%
FCF growth 3Y65.74%
FCF growth 5Y5.88%
OCF growth 1Y9.8%
OCF growth 3Y44.84%
OCF growth 5Y-1.37%