ASSYSTEM (ASY.PA) Stock Fundamental Analysis
Europe - EPA:ASY - FR0000074148 - Common Stock
42.675 EUR
+1.02 (+2.46%)
Taking everything into account, ASY scores 4 out of 10 in our fundamental rating. ASY was compared to 31 industry peers in the Professional Services industry. The financial health of ASY is average, but there are quite some concerns on its profitability. ASY is valied quite expensively at the moment, while it does show a decent 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.
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
Looking at the Return On Assets, with a value of 1.16%, ASY is doing worse than 64.52% of the companies in the same industry.
ASY's Return On Equity of 2.76% is on the low side compared to the rest of the industry. ASY is outperformed by 64.52% of its industry peers.
ASY's Return On Invested Capital of 0.93% is on the low side compared to the rest of the industry. ASY is outperformed by 70.97% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for ASY is significantly below the industry average of 11.18%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.16% | ||
| ROE | 2.76% | ||
| ROIC | 0.93% |
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
ASY's Profit Margin of 1.22% is on the low side compared to the rest of the industry. ASY is outperformed by 61.29% of its industry peers.
In the last couple of years the Profit Margin of ASY has declined.
The Operating Margin of ASY (0.85%) is worse than 70.97% of its industry peers.
ASY's Operating Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 0.85% | ||
| PM (TTM) | 1.22% | ||
| 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.
Compared to 1 year ago, ASY has less shares outstanding
Compared to 5 years ago, ASY has less shares outstanding
Compared to 1 year ago, ASY has a worse debt to assets ratio.
2.2 Solvency
ASY has an Altman-Z score of 2.59. 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 (2.59) which is comparable to the rest of the industry.
ASY has a debt to FCF ratio of 3.91. This is a good value and a sign of high solvency as ASY would need 3.91 years to pay back of all of its debts.
ASY's Debt to FCF ratio of 3.91 is fine compared to the rest of the industry. ASY outperforms 61.29% of its industry peers.
A Debt/Equity ratio of 0.47 indicates that ASY is not too dependend on debt financing.
ASY has a Debt to Equity ratio of 0.47. This is in the better half of the industry: ASY outperforms 67.74% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.47 | ||
| Debt/FCF | 3.91 | ||
| Altman-Z | 2.59 |
ROIC/WACC0.13
WACC7.41%
2.3 Liquidity
ASY has a Current Ratio of 1.16. 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 Current ratio (1.16) which is comparable to the rest of the industry.
ASY has a Quick Ratio of 1.16. 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 better Quick ratio (1.16) than 61.29% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.16 | ||
| Quick Ratio | 1.16 |
3. Growth
3.1 Past
The earnings per share for ASY have decreased strongly by -91.13% in the last year.
ASY shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -21.02% yearly.
Looking at the last year, ASY shows a small growth in Revenue. The Revenue has grown by 6.71% in the last year.
Measured over the past years, ASY shows a small growth in Revenue. The Revenue has been growing by 4.24% on average per year.
EPS 1Y (TTM)-91.13%
EPS 3Y-38.1%
EPS 5Y-21.02%
EPS Q2Q%-7.84%
Revenue 1Y (TTM)6.71%
Revenue growth 3Y11.19%
Revenue growth 5Y4.24%
Sales Q2Q%8.33%
3.2 Future
The Earnings Per Share is expected to grow by 29.98% on average over the next years. This is a very strong growth
Based on estimates for the next years, ASY will show a small growth in Revenue. The Revenue will grow by 5.41% on average per year.
EPS Next Y73.23%
EPS Next 2Y40.66%
EPS Next 3Y29.98%
EPS Next 5YN/A
Revenue Next Year8.24%
Revenue Next 2Y5.8%
Revenue Next 3Y5.41%
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 accelerating.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 82.07, the valuation of ASY can be described as expensive.
70.97% of the companies in the same industry are cheaper than ASY, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 27.41, ASY is valued quite expensively.
ASY is valuated correctly with a Price/Forward Earnings ratio of 14.03.
Based on the Price/Forward Earnings ratio, ASY is valued a bit cheaper than the industry average as 61.29% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of ASY to the average of the S&P500 Index (22.87), we can say ASY is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 82.07 | ||
| Fwd PE | 14.03 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ASY is valued a bit more expensive than the industry average as 74.19% of the companies are valued more cheaply.
ASY's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.88 | ||
| EV/EBITDA | 35.13 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
ASY's earnings are expected to grow with 29.98% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.12
PEG (5Y)N/A
EPS Next 2Y40.66%
EPS Next 3Y29.98%
5. Dividend
5.1 Amount
ASY has a Yearly Dividend Yield of 2.28%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 3.26, ASY pays a bit more dividend than its industry peers.
ASY's Dividend Yield is comparable with the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.28% |
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
5.3 Sustainability
ASY pays out 1043.59% of its income as dividend. This is not a sustainable payout ratio.
ASY's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP1043.59%
EPS Next 2Y40.66%
EPS Next 3Y29.98%
EPA:ASY (9/24/2025, 5:28:17 PM)
42.675
+1.02 (+2.46%)
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 Cap668.72M
Analysts77.5
Price Target47.31 (10.86%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.28% |
Yearly Dividend12.65
Dividend Growth(5Y)61.63%
DP1043.59%
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)4.6%
PT rev (3m)14.66%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)33.21%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)5.76%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 82.07 | ||
| Fwd PE | 14.03 | ||
| P/S | 1.05 | ||
| P/FCF | 17.88 | ||
| P/OCF | 16.04 | ||
| P/B | 2.37 | ||
| P/tB | 5.2 | ||
| EV/EBITDA | 35.13 |
EPS(TTM)0.52
EY1.22%
EPS(NY)3.04
Fwd EY7.13%
FCF(TTM)2.39
FCFY5.59%
OCF(TTM)2.66
OCFY6.24%
SpS40.68
BVpS18.03
TBVpS8.21
PEG (NY)1.12
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.16% | ||
| ROE | 2.76% | ||
| ROCE | 1.21% | ||
| ROIC | 0.93% | ||
| ROICexc | 0.99% | ||
| ROICexgc | 1.56% | ||
| OM | 0.85% | ||
| PM (TTM) | 1.22% | ||
| GM | N/A | ||
| FCFM | 5.87% |
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-Score6
Asset Turnover0.94
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.47 | ||
| Debt/FCF | 3.91 | ||
| Debt/EBITDA | 6.07 | ||
| Cap/Depr | 25.9% | ||
| Cap/Sales | 0.67% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 189.55% | ||
| Profit Quality | 479.49% | ||
| Current Ratio | 1.16 | ||
| Quick Ratio | 1.16 | ||
| Altman-Z | 2.59 |
F-Score6
WACC7.41%
ROIC/WACC0.13
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)-91.13%
EPS 3Y-38.1%
EPS 5Y-21.02%
EPS Q2Q%-7.84%
EPS Next Y73.23%
EPS Next 2Y40.66%
EPS Next 3Y29.98%
EPS Next 5YN/A
Revenue 1Y (TTM)6.71%
Revenue growth 3Y11.19%
Revenue growth 5Y4.24%
Sales Q2Q%8.33%
Revenue Next Year8.24%
Revenue Next 2Y5.8%
Revenue Next 3Y5.41%
Revenue Next 5YN/A
EBIT growth 1Y-84.53%
EBIT growth 3Y-8.47%
EBIT growth 5Y-8.75%
EBIT Next Year79.31%
EBIT Next 3Y23.58%
EBIT Next 5YN/A
FCF growth 1Y175%
FCF growth 3Y65.74%
FCF growth 5Y5.88%
OCF growth 1Y118.33%
OCF growth 3Y44.84%
OCF growth 5Y-1.37%