ASSYSTEM (ASY.PA) Stock Fundamental Analysis
EPA:ASY - Euronext Paris - Matif - FR0000074148 - Common Stock - Currency: EUR
Taking everything into account, ASY scores 3 out of 10 in our fundamental rating. ASY was compared to 30 industry peers in the Professional Services industry. While ASY seems to be doing ok healthwise, there are quite some concerns on its profitability. ASY is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
ASY had positive earnings in the past year.
ASY had a positive operating cash flow in the past year.
ASY had positive earnings in 4 of the past 5 years.
ASY had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
ASY has a worse Return On Assets (1.28%) than 63.33% of its industry peers.
Looking at the Return On Equity, with a value of 2.78%, ASY is doing worse than 63.33% 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 63.33% of its industry peers.
The Average Return On Invested Capital over the past 3 years for ASY is significantly below the industry average of 10.46%.
| 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
With a Profit Margin value of 1.36%, ASY is not doing good in the industry: 60.00% of the companies in the same industry are doing better.
ASY's Profit Margin has declined in the last couple of years.
ASY's Operating Margin of 3.54% is in line compared to the rest of the industry. ASY outperforms 53.33% of its industry peers.
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.
The number of shares outstanding for ASY has been reduced 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 is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 2.84 indicates that ASY is not a great score, but indicates only limited risk for bankruptcy at the moment.
ASY's Altman-Z score of 2.84 is in line compared to the rest of the industry. ASY outperforms 53.33% of its industry peers.
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's Debt to FCF ratio of 3.37 is fine compared to the rest of the industry. ASY outperforms 63.33% 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.
ASY has a better Debt to Equity ratio (0.35) than 63.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.35 | ||
| Debt/FCF | 3.37 | ||
| Altman-Z | 2.84 |
ROIC/WACC0.54
WACC7.28%
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's Current ratio of 1.15 is in line compared to the rest of the industry. ASY outperforms 53.33% of its industry peers.
A Quick Ratio of 1.15 indicates that ASY should not have too much problems paying its short term obligations.
The Quick ratio of ASY (1.15) is comparable to the rest of the 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.
Measured over the past years, ASY shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -21.02% on average per year.
ASY shows a small growth in Revenue. In the last year, the Revenue has grown by 5.84%.
The Revenue has been growing slightly by 4.24% on average over the past years.
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
The Earnings Per Share is expected to grow by 25.92% on average over the next years. This is a very strong growth
ASY is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.49% yearly.
EPS Next Y30.05%
EPS Next 2Y27.63%
EPS Next 3Y25.92%
EPS Next 5YN/A
Revenue Next Year2.34%
Revenue Next 2Y3.01%
Revenue Next 3Y3.49%
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.
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 77.69, which means the current valuation is very expensive for ASY.
ASY's Price/Earnings ratio is a bit more expensive when compared to the industry. ASY is more expensive than 70.00% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.21. ASY is valued rather expensively when compared to this.
The Price/Forward Earnings ratio is 20.98, 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.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.70, ASY is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 77.69 | ||
| Fwd PE | 20.98 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ASY is valued a bit more expensive than 63.33% 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 | 19 | ||
| EV/EBITDA | 19.09 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
A more expensive valuation may be justified as ASY's earnings are expected to grow with 25.92% in the coming years.
PEG (NY)2.59
PEG (5Y)N/A
EPS Next 2Y27.63%
EPS Next 3Y25.92%
5. Dividend
5.1 Amount
ASY has a Yearly Dividend Yield of 2.44%. Purely for dividend investing, there may be better candidates out there.
ASY's Dividend Yield is a higher than the industry average which is at 3.01.
Compared to an average S&P500 Dividend Yield of 2.42, ASY has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.44% |
5.2 History
The dividend of ASY is nicely growing with an annual growth rate of 61.63%!
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.
The dividend of ASY is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP2236.14%
EPS Next 2Y27.63%
EPS Next 3Y25.92%
EPA:ASY (7/2/2025, 5:20:14 PM)
41.95
+0.5 (+1.21%)
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 Cap657.36M
Analysts75.56
Price Target41.77 (-0.43%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.44% |
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)1.24%
PT rev (3m)-11.71%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-2.17%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-4.55%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 77.69 | ||
| Fwd PE | 20.98 | ||
| P/S | 1.07 | ||
| P/FCF | 19 | ||
| P/OCF | 16.77 | ||
| P/B | 2.2 | ||
| P/tB | 4.19 | ||
| EV/EBITDA | 19.09 |
EPS(TTM)0.54
EY1.29%
EPS(NY)2
Fwd EY4.77%
FCF(TTM)2.21
FCFY5.26%
OCF(TTM)2.5
OCFY5.96%
SpS39.07
BVpS19.07
TBVpS10.01
PEG (NY)2.59
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 | 2.84 |
F-Score5
WACC7.28%
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 Y30.05%
EPS Next 2Y27.63%
EPS Next 3Y25.92%
EPS Next 5YN/A
Revenue 1Y (TTM)5.84%
Revenue growth 3Y11.19%
Revenue growth 5Y4.24%
Sales Q2Q%5.07%
Revenue Next Year2.34%
Revenue Next 2Y3.01%
Revenue Next 3Y3.49%
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%