BENTLEY SYSTEMS INC-CLASS B (BSY) Stock Fundamental Analysis
USA - NASDAQ:BSY - US08265T2087 - Common Stock
51.73 USD
+0.42 (+0.82%)
51.73 USD
0 (0%)
We assign a fundamental rating of 5 out of 10 to BSY. BSY was compared to 285 industry peers in the Software industry. While BSY has a great profitability rating, there are quite some concerns on its financial health. BSY is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
BSY had positive earnings in the past year.
In the past year BSY had a positive cash flow from operations.
Each year in the past 5 years BSY has been profitable.
Each year in the past 5 years BSY had a positive operating cash flow.
1.2 Ratios
The Return On Assets of BSY (7.43%) is better than 80.07% of its industry peers.
With an excellent Return On Equity value of 21.88%, BSY belongs to the best of the industry, outperforming 87.41% of the companies in the same industry.
BSY's Return On Invested Capital of 10.54% is amongst the best of the industry. BSY outperforms 86.71% of its industry peers.
The Average Return On Invested Capital over the past 3 years for BSY is below the industry average of 11.88%.
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
With an excellent Profit Margin value of 17.91%, BSY belongs to the best of the industry, outperforming 81.82% of the companies in the same industry.
BSY's Profit Margin has improved in the last couple of years.
BSY has a Operating Margin of 23.82%. This is amongst the best in the industry. BSY outperforms 89.51% of its industry peers.
BSY's Operating Margin has improved in the last couple of years.
With an excellent Gross Margin value of 81.18%, BSY belongs to the best of the industry, outperforming 84.62% of the companies in the same industry.
In the last couple of years the Gross Margin of BSY has remained more or less at the same level.
| 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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so BSY is destroying value.
BSY has more shares outstanding than it did 1 year ago.
BSY has more shares outstanding than it did 5 years ago.
The debt/assets ratio for BSY has been reduced compared to a year ago.
2.2 Solvency
BSY has an Altman-Z score of 4.75. This indicates that BSY is financially healthy and has little risk of bankruptcy at the moment.
BSY has a Altman-Z score of 4.75. This is in the better half of the industry: BSY outperforms 67.48% of its industry peers.
BSY has a debt to FCF ratio of 2.87. This is a good value and a sign of high solvency as BSY would need 2.87 years to pay back of 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 65.03% of its industry peers.
BSY has a Debt/Equity ratio of 1.07. This is a high value indicating a heavy dependency on external financing.
BSY's Debt to Equity ratio of 1.07 is on the low side compared to the rest of the industry. BSY is outperformed by 75.87% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.07 | ||
| Debt/FCF | 2.87 | ||
| Altman-Z | 4.75 |
ROIC/WACC0.99
WACC10.65%
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.
The Current ratio of BSY (0.51) is worse than 89.51% of its industry peers.
A Quick Ratio of 0.51 indicates that BSY may have some problems paying its short term obligations.
With a Quick ratio value of 0.51, BSY is not doing good in the industry: 89.51% of the companies in the same industry are doing better.
| 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%.
Measured over the past years, BSY shows a quite strong growth in Earnings Per Share. The EPS has been growing by 12.41% on average per year.
Looking at the last year, BSY shows a quite strong growth in Revenue. The Revenue has grown by 10.45% in the last year.
The Revenue has been growing by 12.93% on average over the past years. This is quite good.
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
Based on estimates for the next years, BSY will show a quite strong growth in Earnings Per Share. The EPS will grow by 14.99% on average per year.
The Revenue is expected to grow by 9.16% on average over the next years. This is quite good.
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 46.19 indicates a quite expensive valuation of BSY.
Compared to the rest of the industry, the Price/Earnings ratio of BSY is on the same level as its industry peers.
BSY's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 26.89.
Based on the Price/Forward Earnings ratio of 38.09, the valuation of BSY can be described as expensive.
The rest of the industry has a similar Price/Forward Earnings ratio as BSY.
BSY is valuated expensively when we compare the Price/Forward Earnings ratio to 22.99, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 46.19 | ||
| Fwd PE | 38.09 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BSY is valued a bit cheaper than the industry average as 67.48% of the companies are valued more expensively.
BSY's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. BSY is cheaper than 68.18% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 36.21 | ||
| EV/EBITDA | 41.97 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates BSY does not grow enough to justify the current Price/Earnings ratio.
The excellent profitability rating of BSY may justify a higher PE ratio.
BSY's earnings are expected to grow with 13.40% in the coming years. This may justify a more expensive valuation.
PEG (NY)3.38
PEG (5Y)3.72
EPS Next 2Y12.66%
EPS Next 3Y13.4%
5. Dividend
5.1 Amount
With a yearly dividend of 0.55%, 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 34.34. BSY pays more dividend than 89.86% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.31, BSY's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.55% |
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%
51.73
+0.42 (+0.82%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners45.02%
Inst Owner Change0.28%
Ins Owners40.36%
Ins Owner Change-2.02%
Market Cap15.71B
Revenue(TTM)1.42B
Net Income(TTM)254.21M
Analysts76.84
Price Target60.57 (17.09%)
Short Float %4.88%
Short Ratio3.76
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.55% |
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%
PT rev (3m)13.19%
EPS NQ rev (1m)0.16%
EPS NQ rev (3m)-2.09%
EPS NY rev (1m)-0.08%
EPS NY rev (3m)2.01%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.37%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.2%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 46.19 | ||
| Fwd PE | 38.09 | ||
| P/S | 11.06 | ||
| P/FCF | 36.21 | ||
| P/OCF | 35.04 | ||
| P/B | 13.52 | ||
| P/tB | N/A | ||
| EV/EBITDA | 41.97 |
EPS(TTM)1.12
EY2.17%
EPS(NY)1.36
Fwd EY2.63%
FCF(TTM)1.43
FCFY2.76%
OCF(TTM)1.48
OCFY2.85%
SpS4.68
BVpS3.83
TBVpS-4.77
PEG (NY)3.38
PEG (5Y)3.72
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 | 4.75 |
F-Score8
WACC10.65%
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%.