BENTLEY SYSTEMS INC-CLASS B (BSY) Stock Fundamental Analysis
USA - NASDAQ:BSY - US08265T2087 - Common Stock
48.48 USD
-0.47 (-0.96%)
48.48 USD
0 (0%)
Overall BSY gets a fundamental rating of 5 out of 10. We evaluated BSY against 284 industry peers in the Software industry. BSY scores excellent on profitability, but there are concerns on its financial health. While showing a medium growth rate, BSY is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
In the past year BSY was profitable.
In the past year BSY had a positive cash flow from operations.
Each year in the past 5 years BSY has been profitable.
In the past 5 years BSY always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 7.43%, BSY belongs to the top of the industry, outperforming 80.28% of the companies in the same industry.
BSY has a better Return On Equity (21.88%) than 87.68% of its industry peers.
BSY's Return On Invested Capital of 10.54% is amongst the best of the industry. BSY outperforms 86.62% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for BSY is below the industry average of 11.85%.
The 3 year average ROIC (8.00%) for BSY is below the current ROIC(10.54%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.43% | ||
| ROE | 21.88% | ||
| ROIC | 10.54% |
ROA(3y)7.42%
ROA(5y)7.4%
ROE(3y)30.01%
ROE(5y)29.96%
ROIC(3y)8%
ROIC(5y)10.54%
1.3 Margins
BSY's Profit Margin of 17.91% is amongst the best of the industry. BSY outperforms 81.69% of its industry peers.
In the last couple of years the Profit Margin of BSY has grown nicely.
With an excellent Operating Margin value of 23.82%, BSY belongs to the best of the industry, outperforming 89.44% of the companies in the same industry.
In the last couple of years the Operating Margin of BSY has grown nicely.
BSY has a better Gross Margin (81.18%) than 84.86% of its industry peers.
BSY's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 23.82% | ||
| PM (TTM) | 17.91% | ||
| GM | 81.18% |
OM growth 3Y5.52%
OM growth 5Y3.69%
PM growth 3Y21.55%
PM growth 5Y4.39%
GM growth 3Y1.43%
GM growth 5Y0.13%
2. Health
2.1 Basic Checks
BSY has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for BSY has been increased compared to 1 year ago.
The number of shares outstanding for BSY has been increased compared to 5 years ago.
The debt/assets ratio for BSY has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 4.52 indicates that BSY is not in any danger for bankruptcy at the moment.
BSY's Altman-Z score of 4.52 is fine compared to the rest of the industry. BSY outperforms 68.31% of its industry peers.
The Debt to FCF ratio of BSY is 2.87, which is a good value as it means it would take BSY, 2.87 years of fcf income to pay off all of its debts.
BSY has a Debt to FCF ratio of 2.87. This is in the better half of the industry: BSY outperforms 65.14% of its industry peers.
A Debt/Equity ratio of 1.07 is on the high side and indicates that BSY has dependencies on debt financing.
BSY has a worse Debt to Equity ratio (1.07) than 76.41% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.07 | ||
| Debt/FCF | 2.87 | ||
| Altman-Z | 4.52 |
ROIC/WACC0.99
WACC10.6%
2.3 Liquidity
BSY has a Current Ratio of 0.51. This is a bad value and indicates that BSY is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 0.51, BSY is doing worse than 89.79% of the companies in the same industry.
BSY has a Quick Ratio of 0.51. This is a bad value and indicates that BSY is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of BSY (0.51) is worse than 89.79% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.51 | ||
| Quick Ratio | 0.51 |
3. Growth
3.1 Past
BSY shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 7.69%.
BSY shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 12.41% yearly.
The Revenue has grown by 10.45% in the past year. This is quite good.
Measured over the past years, BSY shows a quite strong growth in Revenue. The Revenue has been growing by 12.93% on average per year.
EPS 1Y (TTM)7.69%
EPS 3Y8.4%
EPS 5Y12.41%
EPS Q2Q%3.23%
Revenue 1Y (TTM)10.45%
Revenue growth 3Y11.93%
Revenue growth 5Y12.93%
Sales Q2Q%10.22%
3.2 Future
BSY is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 14.99% yearly.
Based on estimates for the next years, BSY will show a quite strong growth in Revenue. The Revenue will grow by 9.16% on average per year.
EPS Next Y13.65%
EPS Next 2Y12.66%
EPS Next 3Y13.4%
EPS Next 5Y14.99%
Revenue Next Year10.02%
Revenue Next 2Y10.2%
Revenue Next 3Y10.27%
Revenue Next 5Y9.16%
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 decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 43.29 indicates a quite expensive valuation of BSY.
The rest of the industry has a similar Price/Earnings ratio as BSY.
BSY is valuated expensively when we compare the Price/Earnings ratio to 26.13, which is the current average of the S&P500 Index.
BSY is valuated quite expensively with a Price/Forward Earnings ratio of 35.69.
Compared to the rest of the industry, the Price/Forward Earnings ratio of BSY is on the same level as its industry peers.
BSY is valuated expensively when we compare the Price/Forward Earnings ratio to 22.35, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 43.29 | ||
| Fwd PE | 35.69 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BSY is valued a bit cheaper than the industry average as 67.96% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of BSY indicates a somewhat cheap valuation: BSY is cheaper than 66.90% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 33.94 | ||
| EV/EBITDA | 39.87 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The excellent profitability rating of BSY may justify a higher PE ratio.
A more expensive valuation may be justified as BSY's earnings are expected to grow with 13.40% in the coming years.
PEG (NY)3.17
PEG (5Y)3.49
EPS Next 2Y12.66%
EPS Next 3Y13.4%
5. Dividend
5.1 Amount
With a yearly dividend of 0.58%, BSY is not a good candidate for dividend investing.
BSY's Dividend Yield is rather good when compared to the industry average which is at 36.34. BSY pays more dividend than 89.08% of the companies in the same industry.
With a Dividend Yield of 0.58, BSY pays less dividend than the S&P500 average, which is at 2.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.58% |
5.2 History
BSY has been paying a dividend for over 5 years, so it has already some track record.
BSY has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)N/A
Div Incr Years2
Div Non Decr Years4
5.3 Sustainability
BSY pays out 30.98% of its income as dividend. This is a sustainable payout ratio.
DP30.98%
EPS Next 2Y12.66%
EPS Next 3Y13.4%
48.48
-0.47 (-0.96%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners45.02%
Inst Owner Change0.99%
Ins Owners40.36%
Ins Owner Change-2.02%
Market Cap14.72B
Revenue(TTM)1.42B
Net Income(TTM)254.21M
Analysts77
Price Target60.38 (24.55%)
Short Float %6.7%
Short Ratio5.16
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.58% |
Yearly Dividend0.24
Dividend Growth(5Y)N/A
DP30.98%
Div Incr Years2
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)12.63%
Min EPS beat(2)11.45%
Max EPS beat(2)13.82%
EPS beat(4)2
Avg EPS beat(4)4.8%
Min EPS beat(4)-4.04%
Max EPS beat(4)13.82%
EPS beat(8)6
Avg EPS beat(8)11.84%
EPS beat(12)10
Avg EPS beat(12)12.54%
EPS beat(16)14
Avg EPS beat(16)14.49%
Revenue beat(2)1
Avg Revenue beat(2)-0.42%
Min Revenue beat(2)-0.85%
Max Revenue beat(2)0.02%
Revenue beat(4)1
Avg Revenue beat(4)-1.15%
Min Revenue beat(4)-2.61%
Max Revenue beat(4)0.02%
Revenue beat(8)3
Avg Revenue beat(8)-0.77%
Revenue beat(12)5
Avg Revenue beat(12)-0.29%
Revenue beat(16)8
Avg Revenue beat(16)0.07%
PT rev (1m)-0.31%
PT rev (3m)12.84%
EPS NQ rev (1m)0.16%
EPS NQ rev (3m)-2.34%
EPS NY rev (1m)-0.08%
EPS NY rev (3m)2.01%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.29%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.2%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 43.29 | ||
| Fwd PE | 35.69 | ||
| P/S | 10.37 | ||
| P/FCF | 33.94 | ||
| P/OCF | 32.84 | ||
| P/B | 12.67 | ||
| P/tB | N/A | ||
| EV/EBITDA | 39.87 |
EPS(TTM)1.12
EY2.31%
EPS(NY)1.36
Fwd EY2.8%
FCF(TTM)1.43
FCFY2.95%
OCF(TTM)1.48
OCFY3.05%
SpS4.68
BVpS3.83
TBVpS-4.77
PEG (NY)3.17
PEG (5Y)3.49
Graham Number9.82
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.43% | ||
| ROE | 21.88% | ||
| ROCE | 13.19% | ||
| ROIC | 10.54% | ||
| ROICexc | 10.92% | ||
| ROICexgc | N/A | ||
| OM | 23.82% | ||
| PM (TTM) | 17.91% | ||
| GM | 81.18% | ||
| FCFM | 30.55% |
ROA(3y)7.42%
ROA(5y)7.4%
ROE(3y)30.01%
ROE(5y)29.96%
ROIC(3y)8%
ROIC(5y)10.54%
ROICexc(3y)8.22%
ROICexc(5y)11.91%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)10%
ROCE(5y)13.18%
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3Y4.29%
ROICexc growth 5Y-15.93%
OM growth 3Y5.52%
OM growth 5Y3.69%
PM growth 3Y21.55%
PM growth 5Y4.39%
GM growth 3Y1.43%
GM growth 5Y0.13%
F-Score8
Asset Turnover0.41
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.07 | ||
| Debt/FCF | 2.87 | ||
| Debt/EBITDA | 3.1 | ||
| Cap/Depr | 22.78% | ||
| Cap/Sales | 1.02% | ||
| Interest Coverage | 28.61 | ||
| Cash Conversion | 111.55% | ||
| Profit Quality | 170.63% | ||
| Current Ratio | 0.51 | ||
| Quick Ratio | 0.51 | ||
| Altman-Z | 4.52 |
F-Score8
WACC10.6%
ROIC/WACC0.99
Cap/Depr(3y)27.47%
Cap/Depr(5y)32.2%
Cap/Sales(3y)1.59%
Cap/Sales(5y)1.72%
Profit Quality(3y)148.6%
Profit Quality(5y)185.51%
High Growth Momentum
Growth
EPS 1Y (TTM)7.69%
EPS 3Y8.4%
EPS 5Y12.41%
EPS Q2Q%3.23%
EPS Next Y13.65%
EPS Next 2Y12.66%
EPS Next 3Y13.4%
EPS Next 5Y14.99%
Revenue 1Y (TTM)10.45%
Revenue growth 3Y11.93%
Revenue growth 5Y12.93%
Sales Q2Q%10.22%
Revenue Next Year10.02%
Revenue Next 2Y10.2%
Revenue Next 3Y10.27%
Revenue Next 5Y9.16%
EBIT growth 1Y15.23%
EBIT growth 3Y18.11%
EBIT growth 5Y17.09%
EBIT Next Year15.98%
EBIT Next 3Y15.8%
EBIT Next 5Y10.9%
FCF growth 1Y27.87%
FCF growth 3Y15.91%
FCF growth 5Y22.26%
OCF growth 1Y23.69%
OCF growth 3Y14.76%
OCF growth 5Y20.58%
BENTLEY SYSTEMS INC-CLASS B / BSY FAQ
Can you provide the ChartMill fundamental rating for BENTLEY SYSTEMS INC-CLASS B?
ChartMill assigns a fundamental rating of 5 / 10 to BSY.
What is the valuation status of BENTLEY SYSTEMS INC-CLASS B (BSY) stock?
ChartMill assigns a valuation rating of 3 / 10 to BENTLEY SYSTEMS INC-CLASS B (BSY). This can be considered as Overvalued.
Can you provide the profitability details for BENTLEY SYSTEMS INC-CLASS B?
BENTLEY SYSTEMS INC-CLASS B (BSY) has a profitability rating of 9 / 10.
What is the earnings growth outlook for BENTLEY SYSTEMS INC-CLASS B?
The Earnings per Share (EPS) of BENTLEY SYSTEMS INC-CLASS B (BSY) is expected to grow by 13.65% in the next year.
How sustainable is the dividend of BENTLEY SYSTEMS INC-CLASS B (BSY) stock?
The dividend rating of BENTLEY SYSTEMS INC-CLASS B (BSY) is 4 / 10 and the dividend payout ratio is 30.98%.