BENTLEY SYSTEMS INC-CLASS B (1BSY.MI) Stock Fundamental Analysis
BIT:1BSY - Euronext Milan - US08265T2087 - Common Stock - Currency: EUR
We assign a fundamental rating of 5 out of 10 to 1BSY. 1BSY was compared to 104 industry peers in the Software industry. While 1BSY belongs to the best of the industry regarding profitability, there are concerns on its financial health. 1BSY is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year 1BSY was profitable.
1BSY had a positive operating cash flow in the past year.
1BSY had positive earnings in each of the past 5 years.
Each year in the past 5 years 1BSY had a positive operating cash flow.
1.2 Ratios
The Return On Assets of 1BSY (7.52%) is better than 77.00% of its industry peers.
With an excellent Return On Equity value of 23.30%, 1BSY belongs to the best of the industry, outperforming 88.00% of the companies in the same industry.
With a decent Return On Invested Capital value of 10.70%, 1BSY is doing good in the industry, outperforming 79.00% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for 1BSY is below the industry average of 11.38%.
The last Return On Invested Capital (10.70%) for 1BSY is above the 3 year average (8.00%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.52% | ||
| ROE | 23.3% | ||
| ROIC | 10.7% |
ROA(3y)7.42%
ROA(5y)7.4%
ROE(3y)30.01%
ROE(5y)29.96%
ROIC(3y)8%
ROIC(5y)10.54%
1.3 Margins
The Profit Margin of 1BSY (18.46%) is better than 85.00% of its industry peers.
In the last couple of years the Profit Margin of 1BSY has grown nicely.
The Operating Margin of 1BSY (24.11%) is better than 87.00% of its industry peers.
In the last couple of years the Operating Margin of 1BSY has grown nicely.
The Gross Margin of 1BSY (81.12%) is better than 76.00% of its industry peers.
In the last couple of years the Gross Margin of 1BSY has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 24.11% | ||
| PM (TTM) | 18.46% | ||
| GM | 81.12% |
OM growth 3Y5.52%
OM growth 5Y3.69%
PM growth 3Y21.55%
PM growth 5Y4.39%
GM growth 3Y1.43%
GM growth 5Y0.13%
2. Health
2.1 Basic Checks
1BSY has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
1BSY has more shares outstanding than it did 1 year ago.
1BSY has more shares outstanding than it did 5 years ago.
The debt/assets ratio for 1BSY has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 4.85 indicates that 1BSY is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 4.85, 1BSY is in the better half of the industry, outperforming 64.00% of the companies in the same industry.
The Debt to FCF ratio of 1BSY is 2.85, which is a good value as it means it would take 1BSY, 2.85 years of fcf income to pay off all of its debts.
1BSY has a Debt to FCF ratio of 2.85. This is in the better half of the industry: 1BSY outperforms 62.00% of its industry peers.
1BSY has a Debt/Equity ratio of 1.13. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of 1BSY (1.13) is worse than 78.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.13 | ||
| Debt/FCF | 2.85 | ||
| Altman-Z | 4.85 |
ROIC/WACC1.03
WACC10.34%
2.3 Liquidity
A Current Ratio of 0.49 indicates that 1BSY may have some problems paying its short term obligations.
1BSY's Current ratio of 0.49 is on the low side compared to the rest of the industry. 1BSY is outperformed by 85.00% of its industry peers.
1BSY has a Quick Ratio of 0.49. This is a bad value and indicates that 1BSY is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.49, 1BSY is not doing good in the industry: 84.00% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.49 | ||
| Quick Ratio | 0.49 |
3. Growth
3.1 Past
1BSY shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 14.43%, which is quite good.
Measured over the past years, 1BSY shows a quite strong growth in Earnings Per Share. The EPS has been growing by 12.41% on average per year.
Looking at the last year, 1BSY shows a quite strong growth in Revenue. The Revenue has grown by 10.72% in the last year.
Measured over the past years, 1BSY shows a quite strong growth in Revenue. The Revenue has been growing by 12.93% on average per year.
EPS 1Y (TTM)14.43%
EPS 3Y8.4%
EPS 5Y12.41%
EPS Q2Q%12.9%
Revenue 1Y (TTM)10.72%
Revenue growth 3Y11.93%
Revenue growth 5Y12.93%
Sales Q2Q%9.7%
3.2 Future
The Earnings Per Share is expected to grow by 14.77% on average over the next years. This is quite good.
Based on estimates for the next years, 1BSY will show a quite strong growth in Revenue. The Revenue will grow by 9.11% on average per year.
EPS Next Y11.41%
EPS Next 2Y12.24%
EPS Next 3Y14.01%
EPS Next 5Y14.77%
Revenue Next Year9.8%
Revenue Next 2Y10.06%
Revenue Next 3Y9.77%
Revenue Next 5Y9.11%
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 stable.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 49.26, 1BSY can be considered very expensive at the moment.
Based on the Price/Earnings ratio, 1BSY is valued a bit cheaper than the industry average as 64.00% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 27.61, 1BSY is valued quite expensively.
The Price/Forward Earnings ratio is 40.45, which means the current valuation is very expensive for 1BSY.
Compared to the rest of the industry, the Price/Forward Earnings ratio of 1BSY is on the same level as its industry peers.
When comparing the Price/Forward Earnings ratio of 1BSY to the average of the S&P500 Index (37.13), we can say 1BSY is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 49.26 | ||
| Fwd PE | 40.45 |
4.2 Price Multiples
1BSY's Enterprise Value to EBITDA ratio is in line with the industry average.
69.00% of the companies in the same industry are more expensive than 1BSY, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 37.92 | ||
| EV/EBITDA | 44.48 |
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 1BSY may justify a higher PE ratio.
1BSY's earnings are expected to grow with 14.01% in the coming years. This may justify a more expensive valuation.
PEG (NY)4.32
PEG (5Y)3.97
EPS Next 2Y12.24%
EPS Next 3Y14.01%
5. Dividend
5.1 Amount
With a yearly dividend of 0.49%, 1BSY is not a good candidate for dividend investing.
1BSY's Dividend Yield is a higher than the industry average which is at 2.11.
With a Dividend Yield of 0.49, 1BSY pays less dividend than the S&P500 average, which is at 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.49% |
5.2 History
Dividend Growth(5Y)N/A
Div Incr YearsN/A
Div Non Decr YearsN/A
5.3 Sustainability
29.50% of the earnings are spent on dividend by 1BSY. This is a low number and sustainable payout ratio.
DP29.5%
EPS Next 2Y12.24%
EPS Next 3Y14.01%
BIT:1BSY (7/8/2025, 7:00:00 PM)
46.8
+46.8 (+Infinity%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners42.78%
Inst Owner ChangeN/A
Ins Owners40.87%
Ins Owner ChangeN/A
Market Cap14.20B
Analysts77.89
Price TargetN/A
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.49% |
Yearly Dividend0.21
Dividend Growth(5Y)N/A
DP29.5%
Div Incr YearsN/A
Div Non Decr YearsN/A
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)4.89%
Min EPS beat(2)-4.04%
Max EPS beat(2)13.82%
EPS beat(4)2
Avg EPS beat(4)9.93%
Min EPS beat(4)-4.04%
Max EPS beat(4)31.97%
EPS beat(8)6
Avg EPS beat(8)13.6%
EPS beat(12)10
Avg EPS beat(12)13.7%
EPS beat(16)14
Avg EPS beat(16)17.3%
Revenue beat(2)1
Avg Revenue beat(2)-0.56%
Min Revenue beat(2)-1.14%
Max Revenue beat(2)0.02%
Revenue beat(4)2
Avg Revenue beat(4)-0.78%
Min Revenue beat(4)-2.61%
Max Revenue beat(4)0.61%
Revenue beat(8)3
Avg Revenue beat(8)-0.72%
Revenue beat(12)5
Avg Revenue beat(12)-0.26%
Revenue beat(16)9
Avg Revenue beat(16)0.37%
PT rev (1m)N/A
PT rev (3m)N/A
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 49.26 | ||
| Fwd PE | 40.45 | ||
| P/S | 11.94 | ||
| P/FCF | 37.92 | ||
| P/OCF | 36.78 | ||
| P/B | 15.07 | ||
| P/tB | N/A | ||
| EV/EBITDA | 44.48 |
EPS(TTM)0.95
EY2.03%
EPS(NY)1.16
Fwd EY2.47%
FCF(TTM)1.23
FCFY2.64%
OCF(TTM)1.27
OCFY2.72%
SpS3.92
BVpS3.11
TBVpS-4.2
PEG (NY)4.32
PEG (5Y)3.97
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.52% | ||
| ROE | 23.3% | ||
| ROCE | 13.38% | ||
| ROIC | 10.7% | ||
| ROICexc | 11.07% | ||
| ROICexgc | N/A | ||
| OM | 24.11% | ||
| PM (TTM) | 18.46% | ||
| GM | 81.12% | ||
| FCFM | 31.48% |
ROA(3y)7.42%
ROA(5y)7.4%
ROE(3y)30.01%
ROE(5y)29.96%
ROIC(3y)8%
ROIC(5y)10.54%
ROICexc(3y)8.22%
ROICexc(5y)11.91%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)10%
ROCE(5y)13.18%
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3Y4.29%
ROICexc growth 5Y-15.93%
OM growth 3Y5.52%
OM growth 5Y3.69%
PM growth 3Y21.55%
PM growth 5Y4.39%
GM growth 3Y1.43%
GM growth 5Y0.13%
F-Score7
Asset Turnover0.41
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.13 | ||
| Debt/FCF | 2.85 | ||
| Debt/EBITDA | 3.13 | ||
| Cap/Depr | 21.12% | ||
| Cap/Sales | 0.97% | ||
| Interest Coverage | 23.7 | ||
| Cash Conversion | 113.01% | ||
| Profit Quality | 170.57% | ||
| Current Ratio | 0.49 | ||
| Quick Ratio | 0.49 | ||
| Altman-Z | 4.85 |
F-Score7
WACC10.34%
ROIC/WACC1.03
Cap/Depr(3y)27.47%
Cap/Depr(5y)32.2%
Cap/Sales(3y)1.59%
Cap/Sales(5y)1.72%
Profit Quality(3y)148.6%
Profit Quality(5y)185.51%
High Growth Momentum
Growth
EPS 1Y (TTM)14.43%
EPS 3Y8.4%
EPS 5Y12.41%
EPS Q2Q%12.9%
EPS Next Y11.41%
EPS Next 2Y12.24%
EPS Next 3Y14.01%
EPS Next 5Y14.77%
Revenue 1Y (TTM)10.72%
Revenue growth 3Y11.93%
Revenue growth 5Y12.93%
Sales Q2Q%9.7%
Revenue Next Year9.8%
Revenue Next 2Y10.06%
Revenue Next 3Y9.77%
Revenue Next 5Y9.11%
EBIT growth 1Y24.6%
EBIT growth 3Y18.11%
EBIT growth 5Y17.09%
EBIT Next Year16.34%
EBIT Next 3Y15.74%
EBIT Next 5Y10.9%
FCF growth 1Y32.12%
FCF growth 3Y15.91%
FCF growth 5Y22.26%
OCF growth 1Y28.94%
OCF growth 3Y14.76%
OCF growth 5Y20.58%