ASSYSTEM (ASY.PA) Stock Fundamental Analysis
EPA:ASY - Euronext Paris - Matif - FR0000074148 - Common Stock - Currency: EUR
We assign a fundamental rating of 5 out of 10 to ASY. ASY was compared to 29 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 has a decent growth rate and is not valued too expensively.
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.
In the past 5 years ASY always reported a positive cash flow from operatings.
1.2 Ratios
With an excellent Return On Assets value of 12.38%, ASY belongs to the best of the industry, outperforming 93.10% of the companies in the same industry.
ASY's Return On Equity of 28.89% is fine compared to the rest of the industry. ASY outperforms 75.86% of its industry peers.
With a Return On Invested Capital value of 7.39%, ASY perfoms like the industry average, outperforming 51.72% of the companies in the same industry.
ASY had an Average Return On Invested Capital over the past 3 years of 4.85%. This is significantly below the industry average of 12.14%.
The 3 year average ROIC (4.85%) for ASY is below the current ROIC(7.39%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 12.38% | ||
| ROE | 28.89% | ||
| ROIC | 7.39% |
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 has a Profit Margin of 14.57%. This is amongst the best in the industry. ASY outperforms 86.21% of its industry peers.
ASY's Profit Margin has improved in the last couple of years.
The Operating Margin of ASY (5.84%) is comparable to the rest of the industry.
ASY's Operating Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 5.84% | ||
| PM (TTM) | 14.57% | ||
| 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
ASY has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
Compared to 1 year ago, ASY has more shares outstanding
Compared to 5 years ago, ASY has less shares outstanding
ASY has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.39 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 2.39. This is comparable to the rest of the industry: ASY outperforms 48.28% of its industry peers.
The Debt to FCF ratio of ASY is 2.24, which is a good value as it means it would take ASY, 2.24 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 2.24, ASY belongs to the top of the industry, outperforming 82.76% of the companies in the same industry.
A Debt/Equity ratio of 0.28 indicates that ASY is not too dependend on debt financing.
The Debt to Equity ratio of ASY (0.28) is better than 72.41% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.28 | ||
| Debt/FCF | 2.24 | ||
| Altman-Z | 2.39 |
ROIC/WACC1.03
WACC7.16%
2.3 Liquidity
A Current Ratio of 1.10 indicates that ASY should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.10, ASY is in line with its industry, outperforming 48.28% of the companies in the same industry.
A Quick Ratio of 1.10 indicates that ASY should not have too much problems paying its short term obligations.
ASY has a Quick ratio (1.10) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.1 | ||
| Quick Ratio | 1.1 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 140.46% over the past year.
Measured over the past years, ASY shows a very strong growth in Earnings Per Share. The EPS has been growing by 40.05% on average per year.
ASY shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 11.79%.
Measured over the past years, ASY shows a small growth in Revenue. The Revenue has been growing by 5.39% on average per year.
EPS 1Y (TTM)140.46%
EPS 3YN/A
EPS 5Y40.05%
EPS Q2Q%-74.34%
Revenue 1Y (TTM)11.79%
Revenue growth 3Y9.59%
Revenue growth 5Y5.39%
Sales Q2Q%6.65%
3.2 Future
The Earnings Per Share is expected to decrease by -1.44% on average over the next years.
ASY is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.73% yearly.
EPS Next Y-46.48%
EPS Next 2Y-16.27%
EPS Next 3Y-1.44%
EPS Next 5YN/A
Revenue Next Year6.81%
Revenue Next 2Y6.9%
Revenue Next 3Y6.73%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 5.64, which indicates a rather cheap valuation of ASY.
Based on the Price/Earnings ratio, ASY is valued cheaper than 96.55% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 28.80, ASY is valued rather cheaply.
A Price/Forward Earnings ratio of 16.07 indicates a correct valuation of ASY.
ASY's Price/Forward Earnings is on the same level as the industry average.
ASY is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 21.91, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.64 | ||
| Fwd PE | 16.07 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as ASY.
Based on the Price/Free Cash Flow ratio, ASY is valued a bit cheaper than 62.07% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.94 | ||
| EV/EBITDA | 9.62 |
4.3 Compensation for Growth
The decent profitability rating of ASY may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.14
EPS Next 2Y-16.27%
EPS Next 3Y-1.44%
5. Dividend
5.1 Amount
ASY has a Yearly Dividend Yield of 2.54%. Purely for dividend investing, there may be better candidates out there.
The stock price of ASY dropped by -22.92% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
Compared to an average industry Dividend Yield of 2.94, ASY pays a bit more dividend than its industry peers.
ASY's Dividend Yield is comparable with the S&P500 average which is at 2.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.54% |
5.2 History
The dividend of ASY decreases each year by -0.88%.
Dividend Growth(5Y)-0.88%
Div Incr Years1
Div Non Decr Years6
5.3 Sustainability
136.78% of the earnings are spent on dividend by ASY. This is not a sustainable payout ratio.
The Dividend Rate of ASY has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP136.78%
EPS Next 2Y-16.27%
EPS Next 3Y-1.44%
EPA:ASY (3/28/2025, 2:22:52 PM)
32.85
+0.4 (+1.23%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryProfessional Services
Earnings (Last)
Earnings (Next)
Inst Owners14.91%
Inst Owner ChangeN/A
Ins Owners58.84%
Ins Owner ChangeN/A
Market Cap514.76M
Analysts80
Price Target47.31 (44.02%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.54% |
Yearly Dividend1
Dividend Growth(5Y)-0.88%
DP136.78%
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)-9.41%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-27.92%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.16%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.64 | ||
| Fwd PE | 16.07 | ||
| P/S | 0.86 | ||
| P/FCF | 11.94 | ||
| P/OCF | 10.95 | ||
| P/B | 1.71 | ||
| P/tB | 3.18 | ||
| EV/EBITDA | 9.62 |
EPS(TTM)5.82
EY17.72%
EPS(NY)2.04
Fwd EY6.22%
FCF(TTM)2.75
FCFY8.37%
OCF(TTM)3
OCFY9.13%
SpS38.12
BVpS19.22
TBVpS10.34
PEG (NY)N/A
PEG (5Y)0.14
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 12.38% | ||
| ROE | 28.89% | ||
| ROCE | 8.36% | ||
| ROIC | 7.39% | ||
| ROICexc | 9.06% | ||
| ROICexgc | 15.29% | ||
| OM | 5.84% | ||
| PM (TTM) | 14.57% | ||
| GM | N/A | ||
| FCFM | 7.22% |
ROA(3y)7.89%
ROA(5y)4.8%
ROE(3y)14.36%
ROE(5y)8.58%
ROIC(3y)4.85%
ROIC(5y)4.71%
ROICexc(3y)5.12%
ROICexc(5y)5.1%
ROICexgc(3y)6.61%
ROICexgc(5y)6.51%
ROCE(3y)5.48%
ROCE(5y)5.33%
ROICexcg growth 3Y5.56%
ROICexcg growth 5Y0.76%
ROICexc growth 3Y5.9%
ROICexc growth 5Y0.06%
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
F-Score7
Asset Turnover0.85
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.28 | ||
| Debt/FCF | 2.24 | ||
| Debt/EBITDA | 1.52 | ||
| Cap/Depr | 19.5% | ||
| Cap/Sales | 0.65% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 85.61% | ||
| Profit Quality | 49.54% | ||
| Current Ratio | 1.1 | ||
| Quick Ratio | 1.1 | ||
| Altman-Z | 2.39 |
F-Score7
WACC7.16%
ROIC/WACC1.03
Cap/Depr(3y)29.72%
Cap/Depr(5y)53.64%
Cap/Sales(3y)0.96%
Cap/Sales(5y)1.6%
Profit Quality(3y)37.14%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)140.46%
EPS 3YN/A
EPS 5Y40.05%
EPS Q2Q%-74.34%
EPS Next Y-46.48%
EPS Next 2Y-16.27%
EPS Next 3Y-1.44%
EPS Next 5YN/A
Revenue 1Y (TTM)11.79%
Revenue growth 3Y9.59%
Revenue growth 5Y5.39%
Sales Q2Q%6.65%
Revenue Next Year6.81%
Revenue Next 2Y6.9%
Revenue Next 3Y6.73%
Revenue Next 5YN/A
EBIT growth 1Y18.71%
EBIT growth 3Y21.96%
EBIT growth 5Y5.17%
EBIT Next Year39%
EBIT Next 3Y19.51%
EBIT Next 5YN/A
FCF growth 1Y762%
FCF growth 3Y-23.62%
FCF growth 5Y-6.16%
OCF growth 1Y416.48%
OCF growth 3Y-22.74%
OCF growth 5Y-6.63%