DASSAULT SYSTEMES SE (DSY.PA)
FR0014003TT8 - Common Stock
We assign a fundamental rating of 5 out of 10 to DSY. DSY was compared to 92 industry peers in the Software industry. While DSY belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. DSY is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year DSY was profitable.
DSY had a positive operating cash flow in the past year.
Each year in the past 5 years DSY has been profitable.
In the past 5 years DSY always reported a positive cash flow from operatings.
1.2 Ratios
DSY has a better Return On Assets (11.72%) than 85.37% of its industry peers.
With an excellent Return On Equity value of 20.62%, DSY belongs to the best of the industry, outperforming 80.49% of the companies in the same industry.
With an excellent Return On Invested Capital value of 13.22%, DSY belongs to the best of the industry, outperforming 81.71% of the companies in the same industry.
DSY had an Average Return On Invested Capital over the past 3 years of 8.26%. This is below the industry average of 11.85%.
The 3 year average ROIC (8.26%) for DSY is below the current ROIC(13.22%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.72% | ||
| ROE | 20.62% | ||
| ROIC | 13.22% |
ROA(3y)6.39%
ROA(5y)5.48%
ROE(3y)12.88%
ROE(5y)12.03%
ROIC(3y)8.26%
ROIC(5y)7.06%
1.3 Margins
DSY has a better Profit Margin (18.25%) than 79.27% of its industry peers.
In the last couple of years the Profit Margin of DSY has grown nicely.
DSY's Operating Margin of 21.56% is fine compared to the rest of the industry. DSY outperforms 79.27% of its industry peers.
In the last couple of years the Operating Margin of DSY has remained more or less at the same level.
Looking at the Gross Margin, with a value of 83.52%, DSY is in the better half of the industry, outperforming 76.83% of the companies in the same industry.
DSY's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 21.56% | ||
| PM (TTM) | 18.25% | ||
| GM | 83.52% |
OM growth 3Y10.2%
OM growth 5Y-1.22%
PM growth 3Y16.99%
PM growth 5Y1.52%
GM growth 3Y0.21%
GM growth 5Y-0.38%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), DSY is creating value.
DSY has about the same amout of shares outstanding than it did 1 year ago.
DSY has more shares outstanding than it did 5 years ago.
The debt/assets ratio for DSY has been reduced compared to a year ago.
2.2 Solvency
DSY has a debt to FCF ratio of 1.81. This is a very positive value and a sign of high solvency as it would only need 1.81 years to pay back of all of its debts.
DSY has a Debt to FCF ratio of 1.81. This is in the better half of the industry: DSY outperforms 64.63% of its industry peers.
A Debt/Equity ratio of 0.26 indicates that DSY is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.26, DSY is in line with its industry, outperforming 52.44% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.26 | ||
| Debt/FCF | 1.81 | ||
| Altman-Z | N/A |
ROIC/WACC1.83
WACC7.21%
2.3 Liquidity
DSY has a Current Ratio of 1.93. This is a normal value and indicates that DSY is financially healthy and should not expect problems in meeting its short term obligations.
DSY's Current ratio of 1.93 is fine compared to the rest of the industry. DSY outperforms 69.51% of its industry peers.
A Quick Ratio of 1.93 indicates that DSY should not have too much problems paying its short term obligations.
DSY's Quick ratio of 1.93 is fine compared to the rest of the industry. DSY outperforms 74.39% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.93 | ||
| Quick Ratio | 1.93 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 5.93% over the past year.
The Earnings Per Share has been growing by 14.64% on average over the past years. This is quite good.
DSY shows a small growth in Revenue. In the last year, the Revenue has grown by 3.77%.
The Revenue has been growing by 11.35% on average over the past years. This is quite good.
EPS 1Y (TTM)5.93%
EPS 3Y16.75%
EPS 5Y14.64%
EPS Q2Q%3.57%
Revenue 1Y (TTM)3.77%
Revenue growth 3Y10.16%
Revenue growth 5Y11.35%
Sales Q2Q%2.75%
3.2 Future
DSY is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 8.79% yearly.
DSY is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.68% yearly.
EPS Next Y7.28%
EPS Next 2Y7.12%
EPS Next 3Y8.07%
EPS Next 5Y8.79%
Revenue Next Year4.18%
Revenue Next 2Y6.07%
Revenue Next 3Y6.93%
Revenue Next 5Y7.68%
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 decreasing.
4. Valuation
4.1 Price/Earnings Ratio
DSY is valuated quite expensively with a Price/Earnings ratio of 26.76.
Compared to the rest of the industry, the Price/Earnings ratio of DSY indicates a somewhat cheap valuation: DSY is cheaper than 76.83% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 27.54. DSY is around the same levels.
With a Price/Forward Earnings ratio of 24.29, DSY is valued on the expensive side.
DSY's Price/Forward Earnings ratio is in line with the industry average.
The average S&P500 Price/Forward Earnings ratio is at 23.99. DSY is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.76 | ||
| Fwd PE | 24.29 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, DSY is valued a bit cheaper than 60.98% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, DSY is valued a bit cheaper than 67.07% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 31.33 | ||
| EV/EBITDA | 17.38 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The excellent profitability rating of DSY may justify a higher PE ratio.
PEG (NY)3.68
PEG (5Y)1.83
EPS Next 2Y7.12%
EPS Next 3Y8.07%
5. Dividend
5.1 Amount
DSY has a yearly dividend return of 0.69%, which is pretty low.
DSY's Dividend Yield is a higher than the industry average which is at 2.30.
With a Dividend Yield of 0.69, DSY pays less dividend than the S&P500 average, which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.69% |
5.2 History
The dividend of DSY is nicely growing with an annual growth rate of 48.09%!
Dividend Growth(5Y)48.09%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
DSY pays out 18.37% of its income as dividend. This is a sustainable payout ratio.
The dividend of DSY is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP18.37%
EPS Next 2Y7.12%
EPS Next 3Y8.07%
DASSAULT SYSTEMES SE
EPA:DSY (12/24/2024, 7:00:00 PM)
33.45
+0.37 (+1.12%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners21.99%
Inst Owner ChangeN/A
Ins Owners8.11%
Ins Owner ChangeN/A
Market Cap44.77B
Analysts70.71
Price Target39.35 (17.64%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.69% |
Dividend Growth(5Y)48.09%
DP18.37%
Div Incr Years3
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-0.53%
Min EPS beat(2)-1.81%
Max EPS beat(2)0.75%
EPS beat(4)2
Avg EPS beat(4)-0.51%
Min EPS beat(4)-4.08%
Max EPS beat(4)3.1%
EPS beat(8)6
Avg EPS beat(8)1.11%
EPS beat(12)10
Avg EPS beat(12)2.4%
EPS beat(16)14
Avg EPS beat(16)4.02%
Revenue beat(2)0
Avg Revenue beat(2)-2.51%
Min Revenue beat(2)-2.55%
Max Revenue beat(2)-2.47%
Revenue beat(4)0
Avg Revenue beat(4)-2.43%
Min Revenue beat(4)-2.7%
Max Revenue beat(4)-1.98%
Revenue beat(8)1
Avg Revenue beat(8)9.5%
Revenue beat(12)5
Avg Revenue beat(12)22.13%
Revenue beat(16)8
Avg Revenue beat(16)28.14%
PT rev (1m)-3.04%
PT rev (3m)-3.28%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1.89%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.67%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.67%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.23%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.76 | ||
| Fwd PE | 24.29 | ||
| P/S | 4.96 | ||
| P/FCF | 31.33 | ||
| P/OCF | 27.71 | ||
| P/B | 5.6 | ||
| P/tB | 65.14 | ||
| EV/EBITDA | 17.38 |
EPS(TTM)1.25
EY3.74%
EPS(NY)1.38
Fwd EY4.12%
FCF(TTM)1.07
FCFY3.19%
OCF(TTM)1.21
OCFY3.61%
SpS6.74
BVpS5.97
TBVpS0.51
PEG (NY)3.68
PEG (5Y)1.83
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.72% | ||
| ROE | 20.62% | ||
| ROCE | 17.4% | ||
| ROIC | 13.22% | ||
| ROICexc | 19.65% | ||
| ROICexgc | 660.41% | ||
| OM | 21.56% | ||
| PM (TTM) | 18.25% | ||
| GM | 83.52% | ||
| FCFM | 15.83% |
ROA(3y)6.39%
ROA(5y)5.48%
ROE(3y)12.88%
ROE(5y)12.03%
ROIC(3y)8.26%
ROIC(5y)7.06%
ROICexc(3y)11.44%
ROICexc(5y)9.44%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)11.03%
ROCE(5y)9.4%
ROICexcg growth 3Y146.23%
ROICexcg growth 5YN/A
ROICexc growth 3Y26.34%
ROICexc growth 5Y-8.17%
OM growth 3Y10.2%
OM growth 5Y-1.22%
PM growth 3Y16.99%
PM growth 5Y1.52%
GM growth 3Y0.21%
GM growth 5Y-0.38%
F-Score6
Asset Turnover0.64
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.26 | ||
| Debt/FCF | 1.81 | ||
| Debt/EBITDA | 0.81 | ||
| Cap/Depr | 32.88% | ||
| Cap/Sales | 2.07% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 64.28% | ||
| Profit Quality | 86.76% | ||
| Current Ratio | 1.93 | ||
| Quick Ratio | 1.93 | ||
| Altman-Z | N/A |
F-Score6
WACC7.21%
ROIC/WACC1.83
Cap/Depr(3y)21.98%
Cap/Depr(5y)22.35%
Cap/Sales(3y)2.3%
Cap/Sales(5y)2.44%
Profit Quality(3y)159.91%
Profit Quality(5y)176.69%
High Growth Momentum
Growth
EPS 1Y (TTM)5.93%
EPS 3Y16.75%
EPS 5Y14.64%
EPS Q2Q%3.57%
EPS Next Y7.28%
EPS Next 2Y7.12%
EPS Next 3Y8.07%
EPS Next 5Y8.79%
Revenue 1Y (TTM)3.77%
Revenue growth 3Y10.16%
Revenue growth 5Y11.35%
Sales Q2Q%2.75%
Revenue Next Year4.18%
Revenue Next 2Y6.07%
Revenue Next 3Y6.93%
Revenue Next 5Y7.68%
EBIT growth 1Y5.85%
EBIT growth 3Y21.39%
EBIT growth 5Y9.98%
EBIT Next Year9.96%
EBIT Next 3Y10.61%
EBIT Next 5Y12.92%
FCF growth 1Y-5.26%
FCF growth 3Y8.41%
FCF growth 5Y11.44%
OCF growth 1Y-1.73%
OCF growth 3Y8.03%
OCF growth 5Y11.74%