ASSYSTEM (ASY.PA) Stock Fundamental Analysis
EPA:ASY - Euronext Paris - Matif - FR0000074148 - Common Stock - Currency: EUR
Taking everything into account, ASY scores 3 out of 10 in our fundamental rating. ASY was compared to 34 industry peers in the Professional Services industry. While ASY seems to be doing ok healthwise, there are quite some concerns on its profitability. While showing a medium growth rate, ASY is valued expensive at the moment.
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.
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
Looking at the Return On Assets, with a value of 1.28%, ASY is doing worse than 64.71% of the companies in the same industry.
With a Return On Equity value of 2.78%, ASY is not doing good in the industry: 64.71% of the companies in the same industry are doing better.
Looking at the Return On Invested Capital, with a value of 3.94%, ASY is doing worse than 61.76% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for ASY is significantly below the industry average of 10.84%.
| 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
The Profit Margin of ASY (1.36%) is worse than 61.76% of its industry peers.
ASY's Profit Margin has declined in the last couple of years.
The Operating Margin of ASY (3.54%) is comparable to the rest of the industry.
In the last couple of years the Operating Margin of ASY has declined.
| 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
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
An Altman-Z score of 2.84 indicates that ASY is not a great score, but indicates only limited risk for bankruptcy at the moment.
ASY has a Altman-Z score of 2.84. This is comparable to the rest of the industry: ASY outperforms 52.94% of its industry peers.
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.
With a decent Debt to FCF ratio value of 3.37, ASY is doing good in the industry, outperforming 67.65% of the companies in the same industry.
A Debt/Equity ratio of 0.35 indicates that ASY is not too dependend on debt financing.
With a decent Debt to Equity ratio value of 0.35, ASY is doing good in the industry, outperforming 64.71% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.35 | ||
| Debt/FCF | 3.37 | ||
| Altman-Z | 2.84 |
ROIC/WACC0.54
WACC7.3%
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 comparable to the rest of the industry.
A Quick Ratio of 1.15 indicates that ASY should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.15, ASY is in line with its industry, outperforming 55.88% of the companies in the same 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.
Looking at the last year, ASY shows a small growth in Revenue. The Revenue has grown by 5.84% 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)-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 25.92% yearly.
The Revenue is expected to grow by 3.49% on average over the next years.
EPS Next Y30.05%
EPS Next 2Y27.63%
EPS Next 3Y25.92%
EPS Next 5YN/A
Revenue Next Year2.34%
Revenue Next 2Y3.01%
Revenue Next 3Y3.49%
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 stable.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 77.96, ASY can be considered very expensive at the moment.
Based on the Price/Earnings ratio, ASY is valued a bit more expensive than the industry average as 70.59% of the companies are valued more cheaply.
The average S&P500 Price/Earnings ratio is at 26.32. ASY is valued rather expensively when compared to this.
With a Price/Forward Earnings ratio of 21.05, ASY is valued on the expensive side.
The rest of the industry has a similar Price/Forward Earnings ratio as ASY.
When comparing the Price/Forward Earnings ratio of ASY to the average of the S&P500 Index (22.13), we can say ASY is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 77.96 | ||
| Fwd PE | 21.05 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ASY is on the same level as its industry peers.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of ASY is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.07 | ||
| EV/EBITDA | 18.96 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates ASY does not grow enough to justify the current Price/Earnings ratio.
ASY's earnings are expected to grow with 25.92% in the coming years. This may justify a more expensive valuation.
PEG (NY)2.59
PEG (5Y)N/A
EPS Next 2Y27.63%
EPS Next 3Y25.92%
5. Dividend
5.1 Amount
ASY has a Yearly Dividend Yield of 2.42%.
Compared to an average industry Dividend Yield of 2.95, ASY pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.40, ASY has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.42% |
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
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 2Y27.63%
EPS Next 3Y25.92%
EPA:ASY (6/16/2025, 2:29:48 PM)
42.1
+0.95 (+2.31%)
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 Cap659.71M
Analysts75.56
Price Target41.26 (-2%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.42% |
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)0%
PT rev (3m)-12.79%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-2.17%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-4.55%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 77.96 | ||
| Fwd PE | 21.05 | ||
| P/S | 1.08 | ||
| P/FCF | 19.07 | ||
| P/OCF | 16.83 | ||
| P/B | 2.21 | ||
| P/tB | 4.2 | ||
| EV/EBITDA | 18.96 |
EPS(TTM)0.54
EY1.28%
EPS(NY)2
Fwd EY4.75%
FCF(TTM)2.21
FCFY5.24%
OCF(TTM)2.5
OCFY5.94%
SpS39.07
BVpS19.07
TBVpS10.01
PEG (NY)2.59
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 | 2.84 |
F-Score5
WACC7.3%
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 Y30.05%
EPS Next 2Y27.63%
EPS Next 3Y25.92%
EPS Next 5YN/A
Revenue 1Y (TTM)5.84%
Revenue growth 3Y11.19%
Revenue growth 5Y4.24%
Sales Q2Q%5.07%
Revenue Next Year2.34%
Revenue Next 2Y3.01%
Revenue Next 3Y3.49%
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%