ASSYSTEM (ASY.PA) Fundamental Analysis & Valuation

EPA:ASY • FR0000074148

Current stock price

41.05 EUR
+0.65 (+1.61%)
Last:

This ASY.PA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

2

1. ASY.PA Profitability Analysis

1.1 Basic Checks

  • ASY had positive earnings in the past year.
  • ASY had a positive operating cash flow in the past year.
  • In the past 5 years ASY has always been profitable.
  • Each year in the past 5 years ASY had a positive operating cash flow.
ASY.PA Yearly Net Income VS EBIT VS OCF VS FCFASY.PA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M 200M 300M 400M

1.2 Ratios

  • With a Return On Assets value of 1.18%, ASY is not doing good in the industry: 61.29% of the companies in the same industry are doing better.
  • ASY's Return On Equity of 2.58% is on the low side compared to the rest of the industry. ASY is outperformed by 61.29% of its industry peers.
  • ASY has a Return On Invested Capital of 2.57%. This is in the lower half of the industry: ASY underperforms 64.52% of its industry peers.
Industry RankSector Rank
ROA 1.18%
ROE 2.58%
ROIC 2.57%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ASY.PA Yearly ROA, ROE, ROICASY.PA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 40 60 80 100

1.3 Margins

  • With a Profit Margin value of 1.13%, ASY is not doing good in the industry: 61.29% of the companies in the same industry are doing better.
  • In the last couple of years the Profit Margin of ASY has declined.
  • The Operating Margin of ASY (2.62%) is comparable to the rest of the industry.
  • In the last couple of years the Operating Margin of ASY has declined.
Industry RankSector Rank
OM 2.62%
PM (TTM) 1.13%
GM N/A
OM growth 3Y-24.47%
OM growth 5Y-8.88%
PM growth 3Y-51.55%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
ASY.PA Yearly Profit, Operating, Gross MarginsASY.PA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 40 60 80 100

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6

2. ASY.PA Health Analysis

2.1 Basic Checks

  • ASY has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • ASY has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
ASY.PA Yearly Shares OutstandingASY.PA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M 20M
ASY.PA Yearly Total Debt VS Total AssetsASY.PA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

2.2 Solvency

  • ASY has an Altman-Z score of 2.87. 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 has a Altman-Z score of 2.87. This is in the better half of the industry: ASY outperforms 67.74% of its industry peers.
  • ASY has a debt to FCF ratio of 2.61. This is a good value and a sign of high solvency as ASY would need 2.61 years to pay back of all of its debts.
  • ASY has a better Debt to FCF ratio (2.61) than 83.87% of its industry peers.
  • A Debt/Equity ratio of 0.34 indicates that ASY is not too dependend on debt financing.
  • ASY has a Debt to Equity ratio of 0.34. This is amongst the best in the industry. ASY outperforms 83.87% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.34
Debt/FCF 2.61
Altman-Z 2.87
ROIC/WACC0.34
WACC7.62%
ASY.PA Yearly LT Debt VS Equity VS FCFASY.PA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M

2.3 Liquidity

  • A Current Ratio of 1.07 indicates that ASY should not have too much problems paying its short term obligations.
  • ASY has a Current ratio (1.07) which is in line with its industry peers.
  • ASY has a Quick Ratio of 1.07. 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 Quick ratio (1.07) which is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 1.07
Quick Ratio 1.07
ASY.PA Yearly Current Assets VS Current LiabilitesASY.PA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. ASY.PA Growth Analysis

3.1 Past

  • The earnings per share for ASY have decreased by -7.90% in the last year.
  • The earnings per share for ASY have been decreasing by -46.43% on average. This is quite bad
  • Looking at the last year, ASY shows a small growth in Revenue. The Revenue has grown by 7.24% in the last year.
  • ASY shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.39% yearly.
EPS 1Y (TTM)-7.9%
EPS 3Y-46.43%
EPS 5YN/A
EPS Q2Q%N/A
Revenue 1Y (TTM)7.24%
Revenue growth 3Y9.99%
Revenue growth 5Y8.39%
Sales Q2Q%N/A

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 31.16% on average per year.
  • The Revenue is expected to grow by 4.29% on average over the next years.
EPS Next Y55.84%
EPS Next 2Y31.16%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year3.83%
Revenue Next 2Y4.29%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
ASY.PA Yearly Revenue VS EstimatesASY.PA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 200M 400M 600M 800M
ASY.PA Yearly EPS VS EstimatesASY.PA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 1 2 3

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3

4. ASY.PA Valuation Analysis

4.1 Price/Earnings Ratio

  • ASY is valuated quite expensively with a Price/Earnings ratio of 82.10.
  • Based on the Price/Earnings ratio, ASY is valued a bit more expensive than 61.29% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 25.23. ASY is valued rather expensively when compared to this.
  • ASY is valuated correctly with a Price/Forward Earnings ratio of 13.98.
  • The rest of the industry has a similar Price/Forward Earnings ratio as ASY.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 22.42, ASY is valued a bit cheaper.
Industry RankSector Rank
PE 82.1
Fwd PE 13.98
ASY.PA Price Earnings VS Forward Price EarningsASY.PA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

  • 74.19% of the companies in the same industry are cheaper than ASY, based on the Enterprise Value to EBITDA ratio.
  • Based on the Price/Free Cash Flow ratio, ASY is valued a bit cheaper than 61.29% of the companies in the same industry.
Industry RankSector Rank
P/FCF 15.24
EV/EBITDA 21.26
ASY.PA Per share dataASY.PA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

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 31.16% in the coming years.
PEG (NY)1.47
PEG (5Y)N/A
EPS Next 2Y31.16%
EPS Next 3YN/A

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

3

5. ASY.PA Dividend Analysis

5.1 Amount

  • ASY has a Yearly Dividend Yield of 2.48%.
  • Compared to an average industry Dividend Yield of 2.70, ASY has a dividend in line with its industry peers.
  • ASY's Dividend Yield is a higher than the S&P500 average which is at 1.89.
Industry RankSector Rank
Dividend Yield 2.48%

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
ASY.PA Yearly Dividends per shareASY.PA Yearly Dividends per shareYearly Dividends per share 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15

5.3 Sustainability

  • ASY pays out 191.89% of its income as dividend. This is not a sustainable payout ratio.
  • The dividend of ASY is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP191.89%
EPS Next 2Y31.16%
EPS Next 3YN/A
ASY.PA Yearly Income VS Free CF VS DividendASY.PA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M 200M 300M 400M
ASY.PA Dividend Payout.ASY.PA Dividend Payout, showing the Payout Ratio.ASY.PA Dividend Payout.PayoutRetained Earnings

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ASY.PA Fundamentals: All Metrics, Ratios and Statistics

ASSYSTEM

EPA:ASY (3/23/2026, 5:28:02 PM)

41.05

+0.65 (+1.61%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryProfessional Services
Earnings (Last)03-10
Earnings (Next)04-19
Inst Owners15.73%
Inst Owner ChangeN/A
Ins Owners59.17%
Ins Owner ChangeN/A
Market Cap643.25M
Revenue(TTM)656.60M
Net Income(TTM)7.40M
Analysts80
Price Target49.78 (21.27%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.48%
Yearly Dividend12.65
Dividend Growth(5Y)61.63%
DP191.89%
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)0.41%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-1.69%
EPS NY rev (3m)0.62%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.7%
Revenue NY rev (3m)-0.88%
Valuation
Industry RankSector Rank
PE 82.1
Fwd PE 13.98
P/S 0.98
P/FCF 15.24
P/OCF 13.92
P/B 2.25
P/tB 4.53
EV/EBITDA 21.26
EPS(TTM)0.5
EY1.22%
EPS(NY)2.94
Fwd EY7.15%
FCF(TTM)2.69
FCFY6.56%
OCF(TTM)2.95
OCFY7.18%
SpS41.9
BVpS18.27
TBVpS9.07
PEG (NY)1.47
PEG (5Y)N/A
Graham Number14.34
Profitability
Industry RankSector Rank
ROA 1.18%
ROE 2.58%
ROCE 4.15%
ROIC 2.57%
ROICexc 2.7%
ROICexgc 4.26%
OM 2.62%
PM (TTM) 1.13%
GM N/A
FCFM 6.43%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y-24.47%
OM growth 5Y-8.88%
PM growth 3Y-51.55%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover1.04
Health
Industry RankSector Rank
Debt/Equity 0.34
Debt/FCF 2.61
Debt/EBITDA 2.89
Cap/Depr 23.81%
Cap/Sales 0.61%
Interest Coverage 250
Cash Conversion 135.88%
Profit Quality 570.27%
Current Ratio 1.07
Quick Ratio 1.07
Altman-Z 2.87
F-Score6
WACC7.62%
ROIC/WACC0.34
Cap/Depr(3y)25.61%
Cap/Depr(5y)28.07%
Cap/Sales(3y)0.74%
Cap/Sales(5y)0.85%
Profit Quality(3y)339.08%
Profit Quality(5y)219.71%
High Growth Momentum
Growth
EPS 1Y (TTM)-7.9%
EPS 3Y-46.43%
EPS 5YN/A
EPS Q2Q%N/A
EPS Next Y55.84%
EPS Next 2Y31.16%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)7.24%
Revenue growth 3Y9.99%
Revenue growth 5Y8.39%
Sales Q2Q%N/A
Revenue Next Year3.83%
Revenue Next 2Y4.29%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-20.74%
EBIT growth 3Y-16.93%
EBIT growth 5Y-1.23%
EBIT Next Year137.96%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y21.97%
FCF growth 3Y13.45%
FCF growth 5Y-9.34%
OCF growth 1Y17.86%
OCF growth 3Y11.98%
OCF growth 5Y-9.81%

ASSYSTEM / ASY.PA Fundamental Analysis FAQ

What is the ChartMill fundamental rating of ASSYSTEM (ASY.PA) stock?

ChartMill assigns a fundamental rating of 4 / 10 to ASY.PA.


What is the valuation status of ASSYSTEM (ASY.PA) stock?

ChartMill assigns a valuation rating of 4 / 10 to ASSYSTEM (ASY.PA). This can be considered as Fairly Valued.


How profitable is ASSYSTEM (ASY.PA) stock?

ASSYSTEM (ASY.PA) has a profitability rating of 2 / 10.


Can you provide the expected EPS growth for ASY stock?

The Earnings per Share (EPS) of ASSYSTEM (ASY.PA) is expected to grow by 55.84% in the next year.


How sustainable is the dividend of ASSYSTEM (ASY.PA) stock?

The dividend rating of ASSYSTEM (ASY.PA) is 3 / 10 and the dividend payout ratio is 191.89%.