ASSYSTEM (ASY.PA) Stock Fundamental Analysis
EPA:ASY - Euronext Paris - Matif - FR0000074148 - Common Stock - Currency: EUR
ASY gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 30 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 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.
Of the past 5 years ASY 4 years were profitable.
In the past 5 years ASY always reported a positive cash flow from operatings.
1.2 Ratios
ASY has a better Return On Assets (12.38%) than 92.59% of its industry peers.
Looking at the Return On Equity, with a value of 28.89%, ASY is in the better half of the industry, outperforming 74.07% of the companies in the same industry.
ASY has a Return On Invested Capital (7.39%) which is comparable to the rest of the industry.
ASY had an Average Return On Invested Capital over the past 3 years of 4.85%. This is significantly below the industry average of 11.50%.
The 3 year average ROIC (4.85%) for ASY is below the current ROIC(7.39%), indicating increased profibility in the last year.
| 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's Profit Margin of 14.57% is amongst the best of the industry. ASY outperforms 85.19% of its industry peers.
In the last couple of years the Profit Margin of ASY has grown nicely.
Looking at the Operating Margin, with a value of 5.84%, ASY is in line with its industry, outperforming 51.85% of the companies in the same 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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), ASY is creating some value.
Compared to 1 year ago, ASY has more shares outstanding
Compared to 5 years ago, ASY has less shares outstanding
ASY has a better debt/assets ratio than last year.
2.2 Solvency
ASY has an Altman-Z score of 2.56. 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 (2.56) which is in line with 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.
ASY has a Debt to FCF ratio of 2.24. This is amongst the best in the industry. ASY outperforms 85.19% of its industry peers.
A Debt/Equity ratio of 0.28 indicates that ASY is not too dependend on debt financing.
ASY's Debt to Equity ratio of 0.28 is fine compared to the rest of the industry. ASY outperforms 77.78% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.28 | ||
| Debt/FCF | 2.24 | ||
| Altman-Z | 2.56 |
ROIC/WACC1.04
WACC7.14%
2.3 Liquidity
A Current Ratio of 1.10 indicates that ASY should not have too much problems paying its short term obligations.
ASY has a Current ratio (1.10) which is in line with its industry peers.
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.
Looking at the Quick ratio, with a value of 1.10, ASY is in line with its industry, outperforming 44.44% 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.
Looking at the last year, ASY shows a quite strong growth in Revenue. The Revenue has grown by 11.79% in the last year.
ASY shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.39% yearly.
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
ASY is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -0.78% yearly.
The Revenue is expected to grow by 5.99% on average over the next years.
EPS Next Y-47.26%
EPS Next 2Y-15.69%
EPS Next 3Y-0.78%
EPS Next 5YN/A
Revenue Next Year6.58%
Revenue Next 2Y5.77%
Revenue Next 3Y5.99%
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 6.74, which indicates a rather cheap valuation of ASY.
Based on the Price/Earnings ratio, ASY is valued cheaply inside the industry as 92.59% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 28.47. ASY is valued rather cheaply when compared to this.
Based on the Price/Forward Earnings ratio of 18.94, the valuation of ASY can be described as rather expensive.
ASY's Price/Forward Earnings ratio is in line with the industry average.
ASY's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 92.74.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.74 | ||
| Fwd PE | 18.94 |
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.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of ASY is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.27 | ||
| EV/EBITDA | 11.68 |
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-15.69%
EPS Next 3Y-0.78%
5. Dividend
5.1 Amount
ASY has a Yearly Dividend Yield of 2.65%.
Compared to an average industry Dividend Yield of 2.85, ASY pays a bit more dividend than its industry peers.
ASY's Dividend Yield is comparable with the S&P500 average which is at 2.28.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.65% |
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.
ASY's earnings and Dividend Rate are declining. This means the current dividend is most likely not sustainable.
DP136.78%
EPS Next 2Y-15.69%
EPS Next 3Y-0.78%
ASSYSTEM
EPA:ASY (2/5/2025, 11:53:25 AM)
39.25
-0.4 (-1.01%)
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 Cap615.05M
Analysts82.22
Price Target47.31 (20.54%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.65% |
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)-4.13%
PT rev (3m)-15.98%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-28.97%
EPS NY rev (3m)-53.01%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.05%
Revenue NY rev (3m)-1.98%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.74 | ||
| Fwd PE | 18.94 | ||
| P/S | 1.03 | ||
| P/FCF | 14.27 | ||
| P/OCF | 13.09 | ||
| P/B | 2.04 | ||
| P/tB | 3.79 | ||
| EV/EBITDA | 11.68 |
EPS(TTM)5.82
EY14.83%
EPS(NY)2.07
Fwd EY5.28%
FCF(TTM)2.75
FCFY7.01%
OCF(TTM)3
OCFY7.64%
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 | 2.56 |
F-Score7
WACC7.14%
ROIC/WACC1.04
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-47.26%
EPS Next 2Y-15.69%
EPS Next 3Y-0.78%
EPS Next 5YN/A
Revenue 1Y (TTM)11.79%
Revenue growth 3Y9.59%
Revenue growth 5Y5.39%
Sales Q2Q%6.65%
Revenue Next Year6.58%
Revenue Next 2Y5.77%
Revenue Next 3Y5.99%
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%