39.2 USD
+1.1 (+2.89%)
39.2 USD
0 (0%)
Overall BSY gets a fundamental rating of 5 out of 10. We evaluated BSY against 277 industry peers in the Software industry. BSY scores excellent on profitability, but there are concerns on its financial health. BSY is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
- BSY had positive earnings in the past year.
- BSY had a positive operating cash flow in the past year.
- BSY had positive earnings in each of the past 5 years.
- Each year in the past 5 years BSY had a positive operating cash flow.
1.2 Ratios
- BSY has a Return On Assets of 7.77%. This is in the better half of the industry: BSY outperforms 79.06% of its industry peers.
- BSY has a Return On Equity of 22.53%. This is amongst the best in the industry. BSY outperforms 88.81% of its industry peers.
- The Return On Invested Capital of BSY (10.86%) is better than 86.64% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for BSY is below the industry average of 10.78%.
- The last Return On Invested Capital (10.86%) for BSY is above the 3 year average (8.00%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.77% | ||
| ROE | 22.53% | ||
| ROIC | 10.86% |
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 has a better Profit Margin (18.44%) than 80.87% of its industry peers.
- BSY's Profit Margin has improved in the last couple of years.
- BSY's Operating Margin of 24.23% is amongst the best of the industry. BSY outperforms 89.53% of its industry peers.
- BSY's Operating Margin has improved in the last couple of years.
- The Gross Margin of BSY (81.20%) is better than 85.20% of its industry peers.
- BSY's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 24.23% | ||
| PM (TTM) | 18.44% | ||
| GM | 81.2% |
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 just above the Cost of Capital (WACC), so BSY is still creating some value.
- BSY has more shares outstanding than it did 1 year ago.
- The number of shares outstanding for BSY has been increased compared to 5 years ago.
- Compared to 1 year ago, BSY has an improved debt to assets ratio.
2.2 Solvency
- BSY has an Altman-Z score of 3.78. This indicates that BSY is financially healthy and has little risk of bankruptcy at the moment.
- With a decent Altman-Z score value of 3.78, BSY is doing good in the industry, outperforming 67.51% of the companies in the same industry.
- The Debt to FCF ratio of BSY is 2.71, which is a good value as it means it would take BSY, 2.71 years of fcf income to pay off all of its debts.
- The Debt to FCF ratio of BSY (2.71) is better than 65.34% of its industry peers.
- BSY has a Debt/Equity ratio of 1.04. This is a high value indicating a heavy dependency on external financing.
- Looking at the Debt to Equity ratio, with a value of 1.04, BSY is doing worse than 77.98% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.04 | ||
| Debt/FCF | 2.71 | ||
| Altman-Z | 3.78 |
ROIC/WACC1.02
WACC10.6%
2.3 Liquidity
- A Current Ratio of 0.61 indicates that BSY may have some problems paying its short term obligations.
- BSY's Current ratio of 0.61 is on the low side compared to the rest of the industry. BSY is outperformed by 91.34% of its industry peers.
- BSY has a Quick Ratio of 0.61. This is a bad value and indicates that BSY is not financially healthy enough and could expect problems in meeting its short term obligations.
- BSY has a worse Quick ratio (0.61) than 91.34% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.61 | ||
| Quick Ratio | 0.61 |
3. Growth
3.1 Past
- BSY shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 8.49%, which is quite good.
- 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 11.12% 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)8.49%
EPS 3Y8.4%
EPS 5Y12.41%
EPS Q2Q%12.5%
Revenue 1Y (TTM)11.12%
Revenue growth 3Y11.93%
Revenue growth 5Y12.93%
Sales Q2Q%12.05%
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 14.45% on average per year.
- BSY is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 9.22% yearly.
EPS Next Y11.84%
EPS Next 2Y12.61%
EPS Next 3Y13.1%
EPS Next 5Y14.45%
Revenue Next Year10.24%
Revenue Next 2Y10.33%
Revenue Next 3Y10.29%
Revenue Next 5Y9.22%
3.3 Evolution
- The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 34.09, BSY can be considered very expensive at the moment.
- Compared to the rest of the industry, the Price/Earnings ratio of BSY is on the same level as its industry peers.
- When comparing the Price/Earnings ratio of BSY to the average of the S&P500 Index (27.30), we can say BSY is valued slightly more expensively.
- Based on the Price/Forward Earnings ratio of 28.89, the valuation of BSY can be described as expensive.
- The rest of the industry has a similar Price/Forward Earnings ratio as BSY.
- When comparing the Price/Forward Earnings ratio of BSY to the average of the S&P500 Index (24.32), we can say BSY is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 34.09 | ||
| Fwd PE | 28.89 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, BSY is valued a bit cheaper than 67.87% of the companies in the same industry.
- BSY's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. BSY is cheaper than 72.56% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 25.86 | ||
| EV/EBITDA | 30.9 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
- BSY has an outstanding profitability rating, which may justify a higher PE ratio.
- BSY's earnings are expected to grow with 13.10% in the coming years. This may justify a more expensive valuation.
PEG (NY)2.88
PEG (5Y)2.75
EPS Next 2Y12.61%
EPS Next 3Y13.1%
5. Dividend
5.1 Amount
- BSY has a yearly dividend return of 0.72%, which is pretty low.
- The stock price of BSY dropped by -24.22% 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.
- BSY's Dividend Yield is rather good when compared to the industry average which is at 0.52. BSY pays more dividend than 90.25% of the companies in the same industry.
- With a Dividend Yield of 0.72, BSY pays less dividend than the S&P500 average, which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.72% |
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
- 30.41% of the earnings are spent on dividend by BSY. This is a low number and sustainable payout ratio.
DP30.41%
EPS Next 2Y12.61%
EPS Next 3Y13.1%
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.
Can you provide the valuation status for BENTLEY SYSTEMS INC-CLASS B?
ChartMill assigns a valuation rating of 4 / 10 to BENTLEY SYSTEMS INC-CLASS B (BSY). This can be considered as Fairly Valued.
Can you provide the profitability details for BENTLEY SYSTEMS INC-CLASS B?
BENTLEY SYSTEMS INC-CLASS B (BSY) has a profitability rating of 8 / 10.
What are the PE and PB ratios of BENTLEY SYSTEMS INC-CLASS B (BSY) stock?
The Price/Earnings (PE) ratio for BENTLEY SYSTEMS INC-CLASS B (BSY) is 34.09 and the Price/Book (PB) ratio is 9.96.
What is the financial health of BENTLEY SYSTEMS INC-CLASS B (BSY) stock?
The financial health rating of BENTLEY SYSTEMS INC-CLASS B (BSY) is 3 / 10.