ASSYSTEM (ASY.PA) Stock Fundamental Analysis
EPA:ASY - FR0000074148 - Common Stock
46.5 EUR
-1.45 (-3.02%)
Overall ASY gets a fundamental rating of 4 out of 10. We evaluated ASY against 28 industry peers in the Professional Services industry. While ASY seems to be doing ok healthwise, there are quite some concerns on its profitability. ASY is quite expensive at the moment. It does show 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.
Each year in the past 5 years ASY had a positive operating cash flow.
1.2 Ratios
The Return On Assets of ASY (1.28%) is worse than 60.71% of its industry peers.
ASY has a Return On Equity of 2.78%. This is in the lower half of the industry: ASY underperforms 60.71% of its industry peers.
The Return On Invested Capital of ASY (3.94%) is worse than 64.29% of its industry peers.
ASY had an Average Return On Invested Capital over the past 3 years of 4.12%. This is significantly below the industry average of 11.05%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.28% | ||
| ROE | 2.78% | ||
| ROIC | 3.94% |
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 has a Profit Margin of 1.36%. This is comparable to the rest of the industry: ASY outperforms 42.86% of its industry peers.
ASY's Profit Margin has declined in the last couple of years.
With a Operating Margin value of 3.54%, ASY perfoms like the industry average, outperforming 53.57% of the companies in the same industry.
ASY's Operating Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 3.54% | ||
| PM (TTM) | 1.36% | ||
| 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
ASY has less shares outstanding than it did 5 years ago.
ASY has a worse debt/assets ratio than last year.
2.2 Solvency
ASY has an Altman-Z score of 3.02. This indicates that ASY is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 3.02, ASY is in the better half of the industry, outperforming 64.29% of the companies in the same industry.
ASY has a debt to FCF ratio of 3.37. This is a good value and a sign of high solvency as ASY would need 3.37 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 3.37, ASY is in the better half of the industry, outperforming 67.86% of the companies in the same industry.
ASY has a Debt/Equity ratio of 0.35. This is a healthy value indicating a solid balance between debt and equity.
ASY has a better Debt to Equity ratio (0.35) than 64.29% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.35 | ||
| Debt/FCF | 3.37 | ||
| Altman-Z | 3.02 |
ROIC/WACC0.54
WACC7.32%
2.3 Liquidity
A Current Ratio of 1.15 indicates that ASY should not have too much problems paying its short term obligations.
ASY has a Current ratio (1.15) which is in line with its industry peers.
A Quick Ratio of 1.15 indicates that ASY should not have too much problems paying its short term obligations.
ASY has a Quick ratio (1.15) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.15 | ||
| Quick Ratio | 1.15 |
3. Growth
3.1 Past
The earnings per share for ASY have decreased strongly by -92.03% in the last year.
Measured over the past years, ASY shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -21.02% on average per year.
The Revenue has been growing slightly by 5.84% in the past year.
The Revenue has been growing slightly by 4.24% on average over the past years.
EPS 1Y (TTM)-92.03%
EPS 3Y-38.1%
EPS 5Y-21.02%
EPS Q2Q%-96.36%
Revenue 1Y (TTM)5.84%
Revenue growth 3Y11.19%
Revenue growth 5Y4.24%
Sales Q2Q%5.07%
3.2 Future
ASY is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 29.98% yearly.
ASY is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.41% yearly.
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
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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 86.11, the valuation of ASY can be described as expensive.
67.86% of the companies in the same industry are cheaper than ASY, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of ASY to the average of the S&P500 Index (27.08), we can say ASY is valued expensively.
The Price/Forward Earnings ratio is 17.46, which indicates a rather expensive current valuation of ASY.
The rest of the industry has a similar Price/Forward Earnings ratio as ASY.
ASY's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.67.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 86.11 | ||
| Fwd PE | 17.46 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ASY is valued a bit more expensive than 71.43% of the companies in the same industry.
ASY's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. ASY is more expensive than 60.71% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.06 | ||
| EV/EBITDA | 21.73 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
A more expensive valuation may be justified as ASY's earnings are expected to grow with 29.98% in the coming years.
PEG (NY)1.18
PEG (5Y)N/A
EPS Next 2Y40.66%
EPS Next 3Y29.98%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.08%, ASY has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.31, ASY pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.34, ASY has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.08% |
5.2 History
The dividend of ASY is nicely growing with an annual growth rate of 61.63%!
Dividend Growth(5Y)61.63%
Div Incr Years1
Div Non Decr Years6
5.3 Sustainability
2236.14% of the earnings are spent on dividend by ASY. This is not a sustainable payout ratio.
The dividend of ASY is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP2236.14%
EPS Next 2Y40.66%
EPS Next 3Y29.98%
EPA:ASY (8/26/2025, 7:00:00 PM)
46.5
-1.45 (-3.02%)
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 Cap728.65M
Analysts77.5
Price Target47.31 (1.74%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.08% |
Yearly Dividend12.65
Dividend Growth(5Y)61.63%
DP2236.14%
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)13.26%
PT rev (3m)14.66%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)33.21%
EPS NY rev (3m)33.21%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)5.76%
Revenue NY rev (3m)5.76%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 86.11 | ||
| Fwd PE | 17.46 | ||
| P/S | 1.19 | ||
| P/FCF | 21.06 | ||
| P/OCF | 18.59 | ||
| P/B | 2.44 | ||
| P/tB | 4.64 | ||
| EV/EBITDA | 21.73 |
EPS(TTM)0.54
EY1.16%
EPS(NY)2.66
Fwd EY5.73%
FCF(TTM)2.21
FCFY4.75%
OCF(TTM)2.5
OCFY5.38%
SpS39.07
BVpS19.07
TBVpS10.01
PEG (NY)1.18
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.28% | ||
| ROE | 2.78% | ||
| ROCE | 5.1% | ||
| ROIC | 3.94% | ||
| ROICexc | 4.25% | ||
| ROICexgc | 6.64% | ||
| OM | 3.54% | ||
| PM (TTM) | 1.36% | ||
| GM | N/A | ||
| FCFM | 5.65% |
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-Score5
Asset Turnover0.94
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.35 | ||
| Debt/FCF | 3.37 | ||
| Debt/EBITDA | 2.68 | ||
| Cap/Depr | 27.38% | ||
| Cap/Sales | 0.75% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 101.82% | ||
| Profit Quality | 416.87% | ||
| Current Ratio | 1.15 | ||
| Quick Ratio | 1.15 | ||
| Altman-Z | 3.02 |
F-Score5
WACC7.32%
ROIC/WACC0.54
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)-92.03%
EPS 3Y-38.1%
EPS 5Y-21.02%
EPS Q2Q%-96.36%
EPS Next Y73.23%
EPS Next 2Y40.66%
EPS Next 3Y29.98%
EPS Next 5YN/A
Revenue 1Y (TTM)5.84%
Revenue growth 3Y11.19%
Revenue growth 5Y4.24%
Sales Q2Q%5.07%
Revenue Next Year8.24%
Revenue Next 2Y5.8%
Revenue Next 3Y5.41%
Revenue Next 5YN/A
EBIT growth 1Y-34.64%
EBIT growth 3Y-8.47%
EBIT growth 5Y-8.75%
EBIT Next Year79.31%
EBIT Next 3Y23.58%
EBIT Next 5YN/A
FCF growth 1Y12.7%
FCF growth 3Y65.74%
FCF growth 5Y5.88%
OCF growth 1Y9.8%
OCF growth 3Y44.84%
OCF growth 5Y-1.37%