ASSYSTEM (ASY.PA)
FR0000074148 - Common Stock
Taking everything into account, ASY scores 5 out of 10 in our fundamental rating. ASY was compared to 33 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 is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year ASY was profitable.
ASY had a positive operating cash flow in the past year.
Of the past 5 years ASY 4 years were profitable.
ASY had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With an excellent Return On Assets value of 12.34%, ASY belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
The Return On Equity of ASY (21.26%) is better than 67.74% of its industry peers.
With a Return On Invested Capital value of 4.74%, ASY is not doing good in the industry: 74.19% of the companies in the same industry are doing better.
ASY had an Average Return On Invested Capital over the past 3 years of 4.85%. This is significantly below the industry average of 11.61%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 12.34% | ||
| ROE | 21.26% | ||
| ROIC | 4.74% |
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 17.63% is fine compared to the rest of the industry. ASY outperforms 77.42% of its industry peers.
In the last couple of years the Profit Margin of ASY has grown nicely.
With a Operating Margin value of 5.74%, ASY perfoms like the industry average, outperforming 45.16% 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 | 5.74% | ||
| PM (TTM) | 17.63% | ||
| 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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so ASY is destroying value.
Compared to 1 year ago, ASY has more shares outstanding
The number of shares outstanding for ASY has been reduced compared to 5 years ago.
Compared to 1 year ago, ASY has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 3.14 indicates that ASY is not in any danger for bankruptcy at the moment.
ASY's Altman-Z score of 3.14 is in line compared to the rest of the industry. ASY outperforms 54.84% of its industry peers.
The Debt to FCF ratio of ASY is 3.96, which is a good value as it means it would take ASY, 3.96 years of fcf income to pay off all of its debts.
ASY's Debt to FCF ratio of 3.96 is in line compared to the rest of the industry. ASY outperforms 54.84% of its industry peers.
ASY has a Debt/Equity ratio of 0.23. This is a healthy value indicating a solid balance between debt and equity.
ASY has a Debt to Equity ratio of 0.23. This is in the better half of the industry: ASY outperforms 77.42% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.23 | ||
| Debt/FCF | 3.96 | ||
| Altman-Z | 3.14 |
ROIC/WACC0.67
WACC7.1%
2.3 Liquidity
A Current Ratio of 1.17 indicates that ASY should not have too much problems paying its short term obligations.
With a Current ratio value of 1.17, ASY perfoms like the industry average, outperforming 48.39% of the companies in the same industry.
A Quick Ratio of 1.17 indicates that ASY should not have too much problems paying its short term obligations.
ASY's Quick ratio of 1.17 is in line compared to the rest of the industry. ASY outperforms 51.61% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.17 | ||
| Quick Ratio | 1.17 |
3. Growth
3.1 Past
ASY shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 110.78%, which is quite impressive.
The Earnings Per Share has been growing by 40.05% on average over the past years. This is a very strong growth
The Revenue has grown by 17.22% in the past year. This is quite good.
ASY shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.39% yearly.
EPS 1Y (TTM)110.78%
EPS 3YN/A
EPS 5Y40.05%
EPS growth Q2Q406.31%
Revenue 1Y (TTM)17.22%
Revenue growth 3Y9.59%
Revenue growth 5Y5.39%
Revenue growth Q2Q17.55%
3.2 Future
ASY is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 11.07% yearly.
ASY is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.41% yearly.
EPS Next Y15.27%
EPS Next 2Y12.17%
EPS Next 3Y11.07%
EPS Next 5YN/A
Revenue Next Year7.3%
Revenue Next 2Y7.97%
Revenue Next 3Y7.41%
Revenue Next 5YN/A
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past 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
With a Price/Earnings ratio of 8.58, the valuation of ASY can be described as very reasonable.
ASY's Price/Earnings ratio is rather cheap when compared to the industry. ASY is cheaper than 93.55% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 28.39, ASY is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 17.39, the valuation of ASY can be described as rather expensive.
Based on the Price/Forward Earnings ratio, ASY is valued a bit cheaper than 61.29% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 20.26. ASY is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.58 | ||
| Fwd PE | 17.39 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ASY indicates a slightly more expensive valuation: ASY is more expensive than 67.74% of the companies listed in the same industry.
ASY's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 28.33 | ||
| EV/EBITDA | 17.71 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.56
PEG (5Y)0.21
EPS Next 2Y12.17%
EPS Next 3Y11.07%
5. Dividend
5.1 Amount
ASY has a Yearly Dividend Yield of 1.76%. 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 2.55.
Compared to the average S&P500 Dividend Yield of 2.34, ASY is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.76% |
5.2 History
The dividend of ASY decreases each year by -0.88%.
Dividend Growth(5Y)-0.88%
Div Incr Years0
Div Non Decr Years5
5.3 Sustainability
ASY pays out 14.51% of its income as dividend. This is a sustainable payout ratio.
DP14.51%
EPS Next 2Y12.17%
EPS Next 3Y11.07%
ASSYSTEM
EPA:ASY (5/13/2024, 12:23:26 PM)
58.45
+1.45 (+2.54%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryProfessional Services
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap869.71M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.76% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
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PT rev (1m)
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EPS NQ rev (1m)
EPS NQ rev (3m)
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EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.58 | ||
| Fwd PE | 17.39 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)0.56
PEG (5Y)0.21
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 12.34% | ||
| ROE | 21.26% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 5.74% | ||
| PM (TTM) | 17.63% | ||
| GM | N/A | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.7
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.23 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.17 | ||
| Quick Ratio | 1.17 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)110.78%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next Y15.27%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)17.22%
Revenue growth 3Y9.59%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y