DASSAULT SYSTEMES SE (DSY.PA)
FR0014003TT8 - Common Stock
Taking everything into account, DSY scores 6 out of 10 in our fundamental rating. DSY was compared to 97 industry peers in the Software industry. DSY scores excellent on profitability, but there are some minor concerns on its financial health. DSY is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year DSY was profitable.
In the past year DSY had a positive cash flow from operations.
In the past 5 years DSY has always been profitable.
DSY had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
DSY has a Return On Assets of 10.60%. This is amongst the best in the industry. DSY outperforms 86.21% of its industry peers.
DSY has a Return On Equity of 19.78%. This is amongst the best in the industry. DSY outperforms 81.61% of its industry peers.
Looking at the Return On Invested Capital, with a value of 12.76%, DSY belongs to the top of the industry, outperforming 85.06% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for DSY is below the industry average of 11.12%.
The 3 year average ROIC (8.26%) for DSY is below the current ROIC(12.76%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.6% | ||
| ROE | 19.78% | ||
| ROIC | 12.76% |
ROA(3y)6.39%
ROA(5y)5.48%
ROE(3y)12.88%
ROE(5y)12.03%
ROIC(3y)8.26%
ROIC(5y)7.06%
1.3 Margins
DSY has a better Profit Margin (17.59%) than 78.16% of its industry peers.
DSY's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 21.56%, DSY belongs to the top of the industry, outperforming 83.91% of the companies in the same industry.
In the last couple of years the Operating Margin of DSY has remained more or less at the same level.
DSY has a better Gross Margin (83.57%) than 78.16% of its industry peers.
DSY's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 21.56% | ||
| PM (TTM) | 17.59% | ||
| GM | 83.57% |
OM growth 3Y10.2%
OM growth 5Y-1.22%
PM growth 3Y16.99%
PM growth 5Y1.52%
GM growth 3Y0.21%
GM growth 5Y-0.38%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), DSY is creating value.
The number of shares outstanding for DSY remains at a similar level compared to 1 year ago.
The number of shares outstanding for DSY has been increased compared to 5 years ago.
DSY has a better debt/assets ratio than last year.
2.2 Solvency
DSY has an Altman-Z score of 6.43. This indicates that DSY is financially healthy and has little risk of bankruptcy at the moment.
DSY has a better Altman-Z score (6.43) than 78.16% of its industry peers.
DSY has a debt to FCF ratio of 2.11. This is a good value and a sign of high solvency as DSY would need 2.11 years to pay back of all of its debts.
DSY has a better Debt to FCF ratio (2.11) than 66.67% of its industry peers.
DSY has a Debt/Equity ratio of 0.29. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of DSY (0.29) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.29 | ||
| Debt/FCF | 2.11 | ||
| Altman-Z | 6.43 |
ROIC/WACC1.82
WACC7.01%
2.3 Liquidity
A Current Ratio of 1.62 indicates that DSY should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.62, DSY is in line with its industry, outperforming 59.77% of the companies in the same industry.
DSY has a Quick Ratio of 1.62. This is a normal value and indicates that DSY is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.62, DSY is in the better half of the industry, outperforming 63.22% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.62 | ||
| Quick Ratio | 1.62 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 6.19% over the past year.
Measured over the past years, DSY shows a quite strong growth in Earnings Per Share. The EPS has been growing by 14.64% on average per year.
The Revenue has been growing slightly by 5.35% in the past year.
DSY shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 11.35% yearly.
EPS 1Y (TTM)6.19%
EPS 3Y16.75%
EPS 5Y14.64%
EPS growth Q2Q5.88%
Revenue 1Y (TTM)5.35%
Revenue growth 3Y10.16%
Revenue growth 5Y11.35%
Revenue growth Q2Q3.76%
3.2 Future
The Earnings Per Share is expected to grow by 10.42% on average over the next years. This is quite good.
The Revenue is expected to grow by 8.85% on average over the next years. This is quite good.
EPS Next Y8.6%
EPS Next 2Y9.39%
EPS Next 3Y9.94%
EPS Next 5Y10.42%
Revenue Next Year7.49%
Revenue Next 2Y8.4%
Revenue Next 3Y8.82%
Revenue Next 5Y8.85%
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
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
With a Price/Earnings ratio of 31.07, DSY can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Earnings ratio of DSY indicates a somewhat cheap valuation: DSY is cheaper than 72.41% of the companies listed in the same industry.
DSY is valuated rather expensively when we compare the Price/Earnings ratio to 25.20, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 28.61, which means the current valuation is very expensive for DSY.
DSY's Price/Forward Earnings is on the same level as the industry average.
DSY is valuated rather expensively when we compare the Price/Forward Earnings ratio to 21.63, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 31.08 | ||
| Fwd PE | 28.61 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of DSY is on the same level as its industry peers.
Based on the Price/Free Cash Flow ratio, DSY is valued a bit cheaper than the industry average as 62.07% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 34.55 | ||
| EV/EBITDA | 20.37 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates DSY does not grow enough to justify the current Price/Earnings ratio.
DSY has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)3.61
PEG (5Y)2.12
EPS Next 2Y9.39%
EPS Next 3Y9.94%
5. Dividend
5.1 Amount
With a yearly dividend of 0.60%, DSY is not a good candidate for dividend investing.
The stock price of DSY dropped by -22.00% 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.
DSY's Dividend Yield is a higher than the industry average which is at 2.44.
With a Dividend Yield of 0.60, DSY pays less dividend than the S&P500 average, which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.6% |
5.2 History
The dividend of DSY is nicely growing with an annual growth rate of 48.09%!
Dividend Growth(5Y)48.09%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
17.82% of the earnings are spent on dividend by DSY. This is a low number and sustainable payout ratio.
DSY's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP17.82%
EPS Next 2Y9.39%
EPS Next 3Y9.94%
DASSAULT SYSTEMES SE
EPA:DSY (4/25/2024, 7:00:00 PM)
37.29
-1.65 (-4.24%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap49.05B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.6% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
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Revenue beat(2)
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PT rev (1m)
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EPS NQ rev (1m)
EPS NQ rev (3m)
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EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 31.08 | ||
| Fwd PE | 28.61 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)3.61
PEG (5Y)2.12
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.6% | ||
| ROE | 19.78% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 21.56% | ||
| PM (TTM) | 17.59% | ||
| GM | 83.57% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.6
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.29 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.62 | ||
| Quick Ratio | 1.62 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)6.19%
EPS 3Y16.75%
EPS 5Y
EPS growth Q2Q
EPS Next Y8.6%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)5.35%
Revenue growth 3Y10.16%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
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OCF growth 3Y
OCF growth 5Y