DASSAULT SYSTEMES SE (DSY.PA)
FR0014003TT8 - Common Stock
Overall DSY gets a fundamental rating of 6 out of 10. We evaluated DSY against 93 industry peers in the Software industry. DSY scores excellent on profitability, but there are some minor concerns on its financial health. DSY is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
DSY had positive earnings in the past year.
In the past year DSY had a positive cash flow from operations.
DSY had positive earnings in each of the past 5 years.
Each year in the past 5 years DSY had a positive operating cash flow.
1.2 Ratios
The Return On Assets of DSY (11.72%) is better than 86.75% of its industry peers.
Looking at the Return On Equity, with a value of 20.62%, DSY belongs to the top of the industry, outperforming 80.72% of the companies in the same industry.
DSY's Return On Invested Capital of 13.22% is amongst the best of the industry. DSY outperforms 80.72% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for DSY is below the industry average of 11.86%.
The last Return On Invested Capital (13.22%) for DSY is above the 3 year average (8.26%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.72% | ||
| ROE | 20.62% | ||
| ROIC | 13.22% |
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 (18.25%) than 80.72% of its industry peers.
In the last couple of years the Profit Margin of DSY has grown nicely.
DSY has a Operating Margin of 21.56%. This is in the better half of the industry: DSY outperforms 77.11% of its industry peers.
DSY's Operating Margin has been stable in the last couple of years.
Looking at the Gross Margin, with a value of 83.52%, DSY is in the better half of the industry, outperforming 79.52% of the companies in the same industry.
In the last couple of years the Gross Margin of DSY has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 21.56% | ||
| PM (TTM) | 18.25% | ||
| GM | 83.52% |
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.
Compared to 1 year ago, DSY has about the same amount of shares outstanding.
Compared to 5 years ago, DSY has more shares outstanding
Compared to 1 year ago, DSY has an improved debt to assets ratio.
2.2 Solvency
The Debt to FCF ratio of DSY is 1.81, which is an excellent value as it means it would take DSY, only 1.81 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 1.81, DSY is in the better half of the industry, outperforming 61.45% of the companies in the same industry.
A Debt/Equity ratio of 0.26 indicates that DSY is not too dependend on debt financing.
DSY has a Debt to Equity ratio of 0.26. This is comparable to the rest of the industry: DSY outperforms 49.40% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.26 | ||
| Debt/FCF | 1.81 | ||
| Altman-Z | N/A |
ROIC/WACC1.85
WACC7.13%
2.3 Liquidity
A Current Ratio of 1.93 indicates that DSY should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.93, DSY is in the better half of the industry, outperforming 68.67% of the companies in the same industry.
A Quick Ratio of 1.93 indicates that DSY should not have too much problems paying its short term obligations.
With a decent Quick ratio value of 1.93, DSY is doing good in the industry, outperforming 73.49% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.93 | ||
| Quick Ratio | 1.93 |
3. Growth
3.1 Past
DSY shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 5.93%.
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.
Looking at the last year, DSY shows a small growth in Revenue. The Revenue has grown by 3.77% in the last year.
Measured over the past years, DSY shows a quite strong growth in Revenue. The Revenue has been growing by 11.35% on average per year.
EPS 1Y (TTM)5.93%
EPS 3Y16.75%
EPS 5Y14.64%
EPS Q2Q%3.57%
Revenue 1Y (TTM)3.77%
Revenue growth 3Y10.16%
Revenue growth 5Y11.35%
Sales Q2Q%2.75%
3.2 Future
DSY is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 11.18% yearly.
The Revenue is expected to grow by 9.50% on average over the next years. This is quite good.
EPS Next Y7.28%
EPS Next 2Y7.12%
EPS Next 3Y8.07%
EPS Next 5Y11.18%
Revenue Next Year4.18%
Revenue Next 2Y6.07%
Revenue Next 3Y6.93%
Revenue Next 5Y9.5%
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 stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
DSY is valuated quite expensively with a Price/Earnings ratio of 27.79.
79.52% of the companies in the same industry are more expensive than DSY, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 29.48. DSY is around the same levels.
Based on the Price/Forward Earnings ratio of 25.23, the valuation of DSY can be described as expensive.
Compared to the rest of the industry, the Price/Forward Earnings ratio of DSY indicates a somewhat cheap valuation: DSY is cheaper than 66.27% of the companies listed in the same industry.
DSY's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 23.95.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.79 | ||
| Fwd PE | 25.23 |
4.2 Price Multiples
61.45% of the companies in the same industry are more expensive than DSY, based on the Enterprise Value to EBITDA ratio.
71.08% of the companies in the same industry are more expensive than DSY, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 31.93 | ||
| EV/EBITDA | 17.28 |
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)3.82
PEG (5Y)1.9
EPS Next 2Y7.12%
EPS Next 3Y8.07%
5. Dividend
5.1 Amount
With a yearly dividend of 0.68%, DSY is not a good candidate for dividend investing.
DSY's Dividend Yield is a higher than the industry average which is at 1.24.
Compared to an average S&P500 Dividend Yield of 2.19, DSY's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.68% |
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 Years3
Div Non Decr Years3
5.3 Sustainability
DSY pays out 18.37% of its income as dividend. This is a sustainable payout ratio.
DSY's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP18.37%
EPS Next 2Y7.12%
EPS Next 3Y8.07%
DASSAULT SYSTEMES SE
EPA:DSY (12/6/2024, 7:00:00 PM)
34.74
+0.85 (+2.51%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
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Market Cap45.63B
Analysts
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Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.68% |
Dividend Growth(5Y)
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Surprises & Revisions
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Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.79 | ||
| Fwd PE | 25.23 | ||
| 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)3.82
PEG (5Y)1.9
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.72% | ||
| ROE | 20.62% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 21.56% | ||
| PM (TTM) | 18.25% | ||
| GM | 83.52% | ||
| 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 Turnover0.64
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.26 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.93 | ||
| Quick Ratio | 1.93 | ||
| 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)
High Growth Momentum
Growth
EPS 1Y (TTM)5.93%
EPS 3Y16.75%
EPS 5Y
EPS Q2Q%
EPS Next Y7.28%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)3.77%
Revenue growth 3Y10.16%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
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EBIT Next 3Y
EBIT Next 5Y
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FCF growth 5Y
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