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 92 industry peers in the Software industry. While DSY has a great profitability rating, there are some minor concerns on its financial health. DSY has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year DSY was profitable.
DSY had a positive operating cash flow in the past year.
DSY had positive earnings in each of the past 5 years.
In the past 5 years DSY always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 10.50%, DSY belongs to the top of the industry, outperforming 82.72% of the companies in the same industry.
DSY's Return On Equity of 19.19% is amongst the best of the industry. DSY outperforms 81.48% of its industry peers.
Looking at the Return On Invested Capital, with a value of 12.75%, DSY belongs to the top of the industry, outperforming 83.95% of the companies in the same industry.
DSY had an Average Return On Invested Capital over the past 3 years of 8.26%. This is below the industry average of 11.55%.
The last Return On Invested Capital (12.75%) for DSY is above the 3 year average (8.26%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.5% | ||
| ROE | 19.19% | ||
| ROIC | 12.75% |
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's Profit Margin of 17.80% is fine compared to the rest of the industry. DSY outperforms 79.01% of its industry peers.
DSY's Profit Margin has improved in the last couple of years.
With an excellent Operating Margin value of 21.68%, DSY belongs to the best of the industry, outperforming 82.72% 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's Gross Margin of 83.63% is fine compared to the rest of the industry. DSY outperforms 76.54% of its industry peers.
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 | 21.68% | ||
| PM (TTM) | 17.8% | ||
| GM | 83.63% |
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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so DSY is still creating some 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.
Compared to 1 year ago, DSY has an improved debt to assets ratio.
2.2 Solvency
DSY has a debt to FCF ratio of 2.33. This is a good value and a sign of high solvency as DSY would need 2.33 years to pay back of all of its debts.
The Debt to FCF ratio of DSY (2.33) is better than 60.49% of its industry peers.
DSY has a Debt/Equity ratio of 0.25. This is a healthy value indicating a solid balance between debt and equity.
With a Debt to Equity ratio value of 0.25, DSY perfoms like the industry average, outperforming 53.09% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.25 | ||
| Debt/FCF | 2.33 | ||
| Altman-Z | N/A |
ROIC/WACC1.75
WACC7.27%
2.3 Liquidity
DSY has a Current Ratio of 1.72. 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 Current ratio, with a value of 1.72, DSY is in the better half of the industry, outperforming 62.96% of the companies in the same industry.
DSY has a Quick Ratio of 1.72. 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 1.72, DSY is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.72 | ||
| Quick Ratio | 1.72 |
3. Growth
3.1 Past
DSY shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 6.46%.
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 5.05% in the past year.
The Revenue has been growing by 11.35% on average over the past years. This is quite good.
EPS 1Y (TTM)6.46%
EPS 3Y16.75%
EPS 5Y14.64%
EPS Q2Q%5.31%
Revenue 1Y (TTM)5.05%
Revenue growth 3Y10.16%
Revenue growth 5Y11.35%
Sales Q2Q%2.39%
3.2 Future
Based on estimates for the next years, DSY will show a quite strong growth in Earnings Per Share. The EPS will grow by 11.18% on average per year.
Based on estimates for the next years, DSY will show a quite strong growth in Revenue. The Revenue will grow by 9.50% on average per year.
EPS Next Y9.47%
EPS Next 2Y9.54%
EPS Next 3Y10.15%
EPS Next 5Y11.18%
Revenue Next Year7.32%
Revenue Next 2Y8.37%
Revenue Next 3Y8.76%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 28.34 indicates a quite expensive valuation of DSY.
Compared to the rest of the industry, the Price/Earnings ratio of DSY indicates a somewhat cheap valuation: DSY is cheaper than 74.07% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 24.41. DSY is around the same levels.
With a Price/Forward Earnings ratio of 24.21, DSY is valued on the expensive side.
Compared to the rest of the industry, the Price/Forward Earnings ratio of DSY indicates a somewhat cheap valuation: DSY is cheaper than 64.20% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 20.59, DSY is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.34 | ||
| Fwd PE | 24.21 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as DSY.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of DSY indicates a somewhat cheap valuation: DSY is cheaper than 64.20% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 35.67 | ||
| EV/EBITDA | 17.26 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
DSY has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)2.99
PEG (5Y)1.94
EPS Next 2Y9.54%
EPS Next 3Y10.15%
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 2.06.
With a Dividend Yield of 0.68, DSY pays less dividend than the S&P500 average, which is at 2.30.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.68% |
5.2 History
On average, the dividend of DSY grows each year by 48.09%, which is quite nice.
Dividend Growth(5Y)48.09%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
17.48% of the earnings are spent on dividend by DSY. This is a low number and sustainable payout ratio.
The dividend of DSY is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP17.48%
EPS Next 2Y9.54%
EPS Next 3Y10.15%
DASSAULT SYSTEMES SE
EPA:DSY (7/26/2024, 7:00:00 PM)
34.86
+1.22 (+3.63%)
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 Cap45.85B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.68% |
Dividend Growth(5Y)
DP
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Div Non Decr Years
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Surprises & Revisions
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EPS NQ rev (3m)
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Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.34 | ||
| Fwd PE | 24.21 | ||
| 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)2.99
PEG (5Y)1.94
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.5% | ||
| ROE | 19.19% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 21.68% | ||
| PM (TTM) | 17.8% | ||
| GM | 83.63% | ||
| 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 Turnover0.59
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.25 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.72 | ||
| Quick Ratio | 1.72 | ||
| 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)6.46%
EPS 3Y16.75%
EPS 5Y
EPS Q2Q%
EPS Next Y9.47%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)5.05%
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
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y