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 32 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 valied quite expensively at the moment, while it does show a decent growth rate.
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.
In the past 5 years ASY always reported a positive cash flow from operatings.
1.2 Ratios
ASY's Return On Assets of 1.28% is on the low side compared to the rest of the industry. ASY is outperformed by 62.50% of its industry peers.
Looking at the Return On Equity, with a value of 2.78%, ASY is doing worse than 65.63% of the companies in the same industry.
ASY has a Return On Invested Capital of 3.94%. This is in the lower half of the industry: ASY underperforms 65.63% 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 11.25%.
| 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 (1.36%) which is comparable to the rest of the industry.
In the last couple of years the Profit Margin of ASY has declined.
ASY's Operating Margin of 3.54% is in line compared to the rest of the industry. ASY outperforms 50.00% of its industry peers.
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
ASY has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, ASY has less shares outstanding
The number of shares outstanding for ASY has been reduced compared to 5 years ago.
ASY has a worse debt/assets ratio than last year.
2.2 Solvency
ASY has an Altman-Z score of 2.84. This is not the best score and indicates that ASY is in the grey zone with still only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.84, ASY is in line with its industry, outperforming 59.38% of the companies in the same industry.
The Debt to FCF ratio of ASY is 3.37, which is a good value as it means it would take ASY, 3.37 years of fcf income to pay off all of its debts.
ASY has a better Debt to FCF ratio (3.37) than 68.75% of its industry peers.
ASY has a Debt/Equity ratio of 0.35. This is a healthy value indicating a solid balance between debt and equity.
With a decent Debt to Equity ratio value of 0.35, ASY is doing good in the industry, outperforming 65.63% 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
ASY has a Current Ratio of 1.15. 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 Current ratio of 1.15. This is comparable to the rest of the industry: ASY outperforms 56.25% of its industry peers.
ASY has a Quick Ratio of 1.15. This is a normal value and indicates that ASY is financially healthy and should not expect problems in meeting its short term obligations.
ASY's Quick ratio of 1.15 is in line compared to the rest of the industry. ASY outperforms 59.38% of its industry peers.
| 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.
ASY shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -21.02% yearly.
ASY shows a small growth in Revenue. In the last year, the Revenue has grown by 5.84%.
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
The Earnings Per Share is expected to grow by 25.92% on average over the next years. This is a very strong growth
Based on estimates for the next years, ASY will show a small growth in Revenue. The Revenue will grow by 3.49% on average per year.
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
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 stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 76.67 indicates a quite expensive valuation of ASY.
Based on the Price/Earnings ratio, ASY is valued a bit more expensive than the industry average as 68.75% of the companies are valued more cheaply.
When comparing the Price/Earnings ratio of ASY to the average of the S&P500 Index (25.82), we can say ASY is valued expensively.
Based on the Price/Forward Earnings ratio of 20.70, the valuation of ASY can be described as rather expensive.
Compared to the rest of the industry, the Price/Forward Earnings ratio of ASY is on the same level as its industry peers.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.76, ASY is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 76.67 | ||
| Fwd PE | 20.7 |
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.
ASY's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 18.75 | ||
| EV/EBITDA | 19.07 |
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)2.55
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%. 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 2.98.
Compared to an average S&P500 Dividend Yield of 2.39, 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
ASY pays out 2236.14% of its income as dividend. 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 (5/23/2025, 7:00:00 PM)
41.4
-0.55 (-1.31%)
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 Cap648.74M
Analysts77.78
Price Target41.26 (-0.34%)
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)0.17%
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)-2.28%
Revenue NY rev (3m)-4.55%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 76.67 | ||
| Fwd PE | 20.7 | ||
| P/S | 1.06 | ||
| P/FCF | 18.75 | ||
| P/OCF | 16.55 | ||
| P/B | 2.17 | ||
| P/tB | 4.13 | ||
| EV/EBITDA | 19.07 |
EPS(TTM)0.54
EY1.3%
EPS(NY)2
Fwd EY4.83%
FCF(TTM)2.21
FCFY5.33%
OCF(TTM)2.5
OCFY6.04%
SpS39.07
BVpS19.07
TBVpS10.01
PEG (NY)2.55
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%