ASSYSTEM (ASY.PA) Stock Fundamental Analysis
EPA:ASY - Euronext Paris - Matif - FR0000074148 - Common Stock - Currency: EUR
Overall ASY gets a fundamental rating of 5 out of 10. We evaluated ASY against 29 industry peers in the Professional Services industry. ASY has an average financial health and profitability rating. ASY has a correct valuation and a medium growth rate.
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.
ASY had positive earnings in 4 of the past 5 years.
In the past 5 years ASY always reported a positive cash flow from operatings.
1.2 Ratios
With an excellent Return On Assets value of 12.38%, ASY belongs to the best of the industry, outperforming 93.10% of the companies in the same industry.
Looking at the Return On Equity, with a value of 28.89%, ASY is in the better half of the industry, outperforming 75.86% of the companies in the same industry.
The Return On Invested Capital of ASY (7.39%) is comparable to the rest of the industry.
The Average Return On Invested Capital over the past 3 years for ASY is significantly below the industry average of 11.82%.
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
With an excellent Profit Margin value of 14.57%, ASY belongs to the best of the industry, outperforming 86.21% of the companies in the same industry.
ASY's Profit Margin has improved in the last couple of years.
ASY's Operating Margin of 5.84% is in line compared to the rest of the industry. ASY outperforms 55.17% of its industry peers.
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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so ASY is destroying value.
The number of shares outstanding for ASY has been increased compared to 1 year ago.
The number of shares outstanding for ASY has been reduced compared to 5 years ago.
The debt/assets ratio for ASY has been reduced compared to a year ago.
2.2 Solvency
ASY has an Altman-Z score of 2.58. 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.
With a Altman-Z score value of 2.58, ASY perfoms like the industry average, outperforming 55.17% of the companies in the same industry.
ASY has a debt to FCF ratio of 2.24. This is a good value and a sign of high solvency as ASY would need 2.24 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 2.24, ASY belongs to the top of the industry, outperforming 82.76% 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 75.86% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.28 | ||
| Debt/FCF | 2.24 | ||
| Altman-Z | 2.58 |
ROIC/WACC1
WACC7.41%
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 48.28% of the companies in the same industry.
A Quick Ratio of 1.10 indicates that ASY should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.10, ASY is in line with its industry, outperforming 51.72% 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 140.46%, which is quite impressive.
Measured over the past years, ASY shows a very strong growth in Earnings Per Share. The EPS has been growing by 40.05% on average per year.
ASY shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 11.79%.
Measured over the past years, ASY shows a small growth in Revenue. The Revenue has been growing by 5.39% on average per year.
EPS 1Y (TTM)140.46%
EPS 3YN/A
EPS 5Y40.05%
EPS Q2Q%-74.34%
Revenue 1Y (TTM)11.79%
Revenue growth 3Y9.59%
Revenue growth 5Y5.39%
Sales Q2Q%6.65%
3.2 Future
Based on estimates for the next years, ASY will show a decrease in Earnings Per Share. The EPS will decrease by -1.44% on average per year.
ASY is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.73% yearly.
EPS Next Y-46.48%
EPS Next 2Y-16.27%
EPS Next 3Y-1.44%
EPS Next 5YN/A
Revenue Next Year6.81%
Revenue Next 2Y6.9%
Revenue Next 3Y6.73%
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 decreasing.
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 7.00, the valuation of ASY can be described as very cheap.
93.10% of the companies in the same industry are more expensive than ASY, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of ASY to the average of the S&P500 Index (29.35), we can say ASY is valued rather cheaply.
The Price/Forward Earnings ratio is 19.93, which indicates a rather expensive current 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 similar valuation than the S&P500 average which is at 22.10.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7 | ||
| Fwd PE | 19.93 |
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.
The rest of the industry has a similar Price/Free Cash Flow ratio as ASY.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.82 | ||
| EV/EBITDA | 11.99 |
4.3 Compensation for Growth
ASY has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.17
EPS Next 2Y-16.27%
EPS Next 3Y-1.44%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.40%, ASY has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 2.83, ASY pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.33, ASY has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.4% |
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
136.78% of the earnings are spent on dividend by ASY. 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-16.27%
EPS Next 3Y-1.44%
EPA:ASY (3/7/2025, 7:00:00 PM)
40.75
-1 (-2.4%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryProfessional Services
Earnings (Last)
Earnings (Next)
Inst Owners14.91%
Inst Owner ChangeN/A
Ins Owners58.84%
Ins Owner ChangeN/A
Market Cap638.55M
Analysts80
Price Target47.31 (16.1%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.4% |
Yearly Dividend1
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)0%
PT rev (3m)-9.41%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)1.48%
EPS NY rev (3m)-27.92%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.21%
Revenue NY rev (3m)0.16%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7 | ||
| Fwd PE | 19.93 | ||
| P/S | 1.07 | ||
| P/FCF | 14.82 | ||
| P/OCF | 13.59 | ||
| P/B | 2.12 | ||
| P/tB | 3.94 | ||
| EV/EBITDA | 11.99 |
EPS(TTM)5.82
EY14.28%
EPS(NY)2.04
Fwd EY5.02%
FCF(TTM)2.75
FCFY6.75%
OCF(TTM)3
OCFY7.36%
SpS38.12
BVpS19.22
TBVpS10.34
PEG (NY)N/A
PEG (5Y)0.17
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 | 2.58 |
F-Score7
WACC7.41%
ROIC/WACC1
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)140.46%
EPS 3YN/A
EPS 5Y40.05%
EPS Q2Q%-74.34%
EPS Next Y-46.48%
EPS Next 2Y-16.27%
EPS Next 3Y-1.44%
EPS Next 5YN/A
Revenue 1Y (TTM)11.79%
Revenue growth 3Y9.59%
Revenue growth 5Y5.39%
Sales Q2Q%6.65%
Revenue Next Year6.81%
Revenue Next 2Y6.9%
Revenue Next 3Y6.73%
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%