ASSYSTEM (ASY.PA) Stock Fundamental Analysis

Europe • Euronext Paris • EPA:ASY • FR0000074148

45.55 EUR
-0.45 (-0.98%)
Last: Feb 6, 2026, 01:07 PM
Fundamental Rating

3

Overall ASY gets a fundamental rating of 3 out of 10. We evaluated ASY against 34 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 quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

2

1. Profitability

1.1 Basic Checks

  • In the past year ASY was profitable.
  • ASY had a positive operating cash flow in the past year.
  • 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.
ASY.PA Yearly Net Income VS EBIT VS OCF VS FCFASY.PA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M 200M 300M 400M

1.2 Ratios

  • Looking at the Return On Assets, with a value of 1.16%, ASY is doing worse than 61.76% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 2.76%, ASY is doing worse than 61.76% of the companies in the same industry.
  • ASY has a worse Return On Invested Capital (0.79%) than 73.53% 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 11.75%.
Industry RankSector Rank
ROA 1.16%
ROE 2.76%
ROIC 0.79%
ROA(3y)6.75%
ROA(5y)4.3%
ROE(3y)12.09%
ROE(5y)7.77%
ROIC(3y)4.12%
ROIC(5y)3.93%
ASY.PA Yearly ROA, ROE, ROICASY.PA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 40 60 80 100

1.3 Margins

  • The Profit Margin of ASY (1.22%) is comparable to the rest of the industry.
  • In the last couple of years the Profit Margin of ASY has declined.
  • Looking at the Operating Margin, with a value of 0.72%, ASY is doing worse than 73.53% of the companies in the same industry.
  • In the last couple of years the Operating Margin of ASY has declined.
Industry RankSector Rank
OM 0.72%
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
ASY.PA Yearly Profit, Operating, Gross MarginsASY.PA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 40 60 80 100

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ROAROEROICOperating and Profit MarginShow most profitable peers

5

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
  • The debt/assets ratio for ASY is higher compared to a year ago.
ASY.PA Yearly Shares OutstandingASY.PA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M 20M
ASY.PA Yearly Total Debt VS Total AssetsASY.PA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

2.2 Solvency

  • An Altman-Z score of 2.69 indicates that ASY is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • The Altman-Z score of ASY (2.69) is comparable to the rest of the industry.
  • The Debt to FCF ratio of ASY is 3.93, which is a good value as it means it would take ASY, 3.93 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 3.93, ASY is in the better half of the industry, outperforming 61.76% of the companies in the same industry.
  • ASY has a Debt/Equity ratio of 0.47. This is a healthy value indicating a solid balance between debt and equity.
  • ASY has a Debt to Equity ratio of 0.47. This is in the better half of the industry: ASY outperforms 64.71% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.47
Debt/FCF 3.93
Altman-Z 2.69
ROIC/WACC0.1
WACC7.59%
ASY.PA Yearly LT Debt VS Equity VS FCFASY.PA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M

2.3 Liquidity

  • A Current Ratio of 1.16 indicates that ASY should not have too much problems paying its short term obligations.
  • ASY has a Current ratio of 1.16. This is comparable to the rest of the industry: ASY outperforms 52.94% of its industry peers.
  • 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 Quick ratio of 1.16. This is comparable to the rest of the industry: ASY outperforms 52.94% of its industry peers.
Industry RankSector Rank
Current Ratio 1.16
Quick Ratio 1.16
ASY.PA Yearly Current Assets VS Current LiabilitesASY.PA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. Growth

3.1 Past

  • ASY shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -91.12%.
  • The earnings per share for ASY have been decreasing by -21.02% on average. This is quite bad
  • The Revenue has been growing slightly by 6.71% in the past year.
  • ASY shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.24% yearly.
EPS 1Y (TTM)-91.12%
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

  • ASY is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 29.25% yearly.
  • ASY is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.79% yearly.
EPS Next Y38.72%
EPS Next 2Y39.39%
EPS Next 3Y29.25%
EPS Next 5YN/A
Revenue Next Year8.53%
Revenue Next 2Y6.32%
Revenue Next 3Y5.79%
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.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
ASY.PA Yearly Revenue VS EstimatesASY.PA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 200M 400M 600M 800M
ASY.PA Yearly EPS VS EstimatesASY.PA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 1 2 3

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Find the best growth stocksShow best growing peers

2

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 87.60, ASY can be considered very expensive at the moment.
  • ASY's Price/Earnings ratio is a bit more expensive when compared to the industry. ASY is more expensive than 64.71% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of ASY to the average of the S&P500 Index (27.67), we can say ASY is valued expensively.
  • A Price/Forward Earnings ratio of 15.25 indicates a correct valuation of ASY.
  • The rest of the industry has a similar Price/Forward Earnings ratio as ASY.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 27.20, ASY is valued a bit cheaper.
Industry RankSector Rank
PE 87.6
Fwd PE 15.25
ASY.PA Price Earnings VS Forward Price EarningsASY.PA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

  • ASY's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. ASY is more expensive than 76.47% of the companies in the same industry.
  • ASY's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 19.19
EV/EBITDA 39.3
ASY.PA Per share dataASY.PA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • ASY's earnings are expected to grow with 29.25% in the coming years. This may justify a more expensive valuation.
PEG (NY)2.26
PEG (5Y)N/A
EPS Next 2Y39.39%
EPS Next 3Y29.25%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

3

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 2.12%, ASY has a reasonable but not impressive dividend return.
  • ASY's Dividend Yield is comparable with the industry average which is at 2.44.
  • ASY's Dividend Yield is comparable with the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 2.12%

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
ASY.PA Yearly Dividends per shareASY.PA Yearly Dividends per shareYearly Dividends per share 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15

5.3 Sustainability

  • ASY pays out 1051.28% 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.
DP1051.28%
EPS Next 2Y39.39%
EPS Next 3Y29.25%
ASY.PA Yearly Income VS Free CF VS DividendASY.PA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M 200M 300M 400M
ASY.PA Dividend Payout.ASY.PA Dividend Payout, showing the Payout Ratio.ASY.PA Dividend Payout.PayoutRetained Earnings

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ASSYSTEM

EPA:ASY (2/6/2026, 1:07:52 PM)

45.55

-0.45 (-0.98%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryProfessional Services
Earnings (Last)10-28
Earnings (Next)03-16
Inst Owners13.69%
Inst Owner ChangeN/A
Ins Owners59.17%
Ins Owner ChangeN/A
Market Cap713.77M
Revenue(TTM)637.40M
Net Income(TTM)7.80M
Analysts80
Price Target49.57 (8.83%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.12%
Yearly Dividend12.65
Dividend Growth(5Y)61.63%
DP1051.28%
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)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-16.44%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.27%
Valuation
Industry RankSector Rank
PE 87.6
Fwd PE 15.25
P/S 1.12
P/FCF 19.19
P/OCF 17.2
P/B 2.53
P/tB 5.55
EV/EBITDA 39.3
EPS(TTM)0.52
EY1.14%
EPS(NY)2.99
Fwd EY6.56%
FCF(TTM)2.37
FCFY5.21%
OCF(TTM)2.65
OCFY5.81%
SpS40.68
BVpS18.03
TBVpS8.21
PEG (NY)2.26
PEG (5Y)N/A
Graham Number14.52
Profitability
Industry RankSector Rank
ROA 1.16%
ROE 2.76%
ROCE 1.03%
ROIC 0.79%
ROICexc 0.84%
ROICexgc 1.33%
OM 0.72%
PM (TTM) 1.22%
GM N/A
FCFM 5.84%
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%
ROICexgc growth 3Y5.54%
ROICexgc 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 RankSector Rank
Debt/Equity 0.47
Debt/FCF 3.93
Debt/EBITDA 6.24
Cap/Depr 25.6%
Cap/Sales 0.67%
Interest Coverage 250
Cash Conversion 193.93%
Profit Quality 476.92%
Current Ratio 1.16
Quick Ratio 1.16
Altman-Z 2.69
F-Score6
WACC7.59%
ROIC/WACC0.1
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)-91.12%
EPS 3Y-38.1%
EPS 5Y-21.02%
EPS Q2Q%-7.84%
EPS Next Y38.72%
EPS Next 2Y39.39%
EPS Next 3Y29.25%
EPS Next 5YN/A
Revenue 1Y (TTM)6.71%
Revenue growth 3Y11.19%
Revenue growth 5Y4.24%
Sales Q2Q%8.33%
Revenue Next Year8.53%
Revenue Next 2Y6.32%
Revenue Next 3Y5.79%
Revenue Next 5YN/A
EBIT growth 1Y-86.82%
EBIT growth 3Y-8.47%
EBIT growth 5Y-8.75%
EBIT Next Year84.32%
EBIT Next 3Y26.95%
EBIT Next 5YN/A
FCF growth 1Y173.53%
FCF growth 3Y65.74%
FCF growth 5Y5.88%
OCF growth 1Y117.28%
OCF growth 3Y44.84%
OCF growth 5Y-1.37%

ASSYSTEM / ASY.PA FAQ

What is the ChartMill fundamental rating of ASSYSTEM (ASY.PA) stock?

ChartMill assigns a fundamental rating of 3 / 10 to ASY.PA.


What is the valuation status of ASSYSTEM (ASY.PA) stock?

ChartMill assigns a valuation rating of 2 / 10 to ASSYSTEM (ASY.PA). This can be considered as Overvalued.


How profitable is ASSYSTEM (ASY.PA) stock?

ASSYSTEM (ASY.PA) has a profitability rating of 2 / 10.


Can you provide the expected EPS growth for ASY stock?

The Earnings per Share (EPS) of ASSYSTEM (ASY.PA) is expected to grow by 38.72% in the next year.


How sustainable is the dividend of ASSYSTEM (ASY.PA) stock?

The dividend rating of ASSYSTEM (ASY.PA) is 3 / 10 and the dividend payout ratio is 1051.28%.