View ValuationBentley Systems 향후 성장Future 기준 점검 4/6Bentley Systems (는) 각각 연간 16.4% 및 9.9% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 16.3% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 29.4% 로 예상됩니다.핵심 정보16.4%이익 성장률16.34%EPS 성장률Software 이익 성장50.1%매출 성장률9.9%향후 자기자본이익률29.42%애널리스트 커버리지Good마지막 업데이트12 May 2026최근 향후 성장 업데이트공시 • Feb 26+ 1 more updateBentley Systems, Incorporated Provides Earnings Guidance for the Full Year 2026Bentley Systems, Incorporated provided earnings guidance for the full year 2026. For the year, the company expects Total revenues in the range of $1,685 million to $1,715 million.모든 업데이트 보기Recent updatesBuy Or Sell Opportunity • Jun 11Now 24% undervalued after recent price dropOver the last 90 days, the stock has fallen 19% to €27.05. The fair value is estimated to be €35.74, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 9.1%. For the next 3 years, revenue is forecast to grow by 9.9% per annum. Earnings are also forecast to grow by 16% per annum over the same time period.Declared Dividend • May 27Dividend of US$0.07 announcedShareholders will receive a dividend of US$0.07. Ex-date: 1st June 2026 Payment date: 11th June 2026 Dividend yield will be 0.7%, which is lower than the industry average of 0.8%. Sustainability & Growth Dividend is well covered by both earnings (31% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has increased by an average of 15% per year over the past 6 years and payments have been stable during that time. EPS is expected to grow by 57% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Buy Or Sell Opportunity • May 26Now 20% undervaluedOver the last 90 days, the stock has risen 5.8% to €28.35. The fair value is estimated to be €35.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 9.1%. For the next 3 years, revenue is forecast to grow by 9.9% per annum. Earnings are also forecast to grow by 16% per annum over the same time period.Board Change • May 20Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 5 highly experienced directors. 3 independent directors (5 non-independent directors). Lead Independent Director Janet Haugen was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.공시 • May 16NXT BLD and Bentley Systems Launch NXT Activate Accelerator for AEC Software InnovatorsNXT BLD and infrastructure engineering software company, Bentley Systems, Incorporated announced the launch of NXT Activate, a developer-focused accelerator for early-stage companies building transformative software for the architecture, engineering, and construction (AEC) sectors. The accelerator will back startups that are creating applications to solve the industry’s most critical challenges by breaking down data silos and unlocking more efficient workflows from design through operation. The programme is uniquely designed to support startups, regardless of the technology they choose to build on. Whether a company is building on open standards, such as IFC or 3D Tiles, or leveraging proprietary platforms they are eligible for funding. This core principle ensures the accelerator supports the best new ideas in the industry, rather than limiting startups to a single vendor's technology. Initially seeded by Bentley Ventures, the corporate venture capital arm of Bentley Systems, NXT Activate will launch with a commitment of up to $3 million over a three-year term. This capital will be deployed annually across cohorts of six to eight startups, with the first cohort scheduled for autumn 2026. The consortium is designed to expand with the addition of future strategic sponsors and investment members. Each cohort participant is eligible for up to $200,000 in investment in exchange for a fixed equity stake. Beyond capital, NXT Activate provides an invaluable strategic advantage: Domain Expertise: Interact with domain experts relevant to challenges cohort participants are seeking to solve. Direct Technical Access: Deep integration support with the founding members’ platforms, SDKs, and technical teams. User Validation: Programme-led introductions to enterprise and industry players. Industry-Scale Visibility: Potential exposure on the influential stages of NXT BLD, NXT DEV, and other annual industry forums where the AEC industry’s largest firms and contractors gather to evaluate emerging technology. Investment decisions will be made jointly by a committee of the programme’s founding and investment members. NXT BLD and AEC Magazine will retain full editorial independence. NXT Activate will begin accepting applications in summer 2026 from early-stage startups and developer teams focused on software solutions for the built and natural environment. The sixteen-week programme is designed to provide a direct path from concept to commercialisation through capital, platform integration, and user validation. Application details will be published at NXTActivate.com.Buy Or Sell Opportunity • May 12Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 5.0% to €27.16. The fair value is estimated to be €34.05, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 9.1%. For the next 3 years, revenue is forecast to grow by 9.9% per annum. Earnings are also forecast to grow by 16% per annum over the same time period.Reported Earnings • May 07First quarter 2026 earnings released: EPS: US$0.30 (vs US$0.29 in 1Q 2025)First quarter 2026 results: EPS: US$0.30 (up from US$0.29 in 1Q 2025). Revenue: US$424.2m (up 14% from 1Q 2025). Net income: US$95.4m (up 4.4% from 1Q 2025). Profit margin: 23% (down from 25% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Italy.Board Change • Apr 29Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 5 highly experienced directors. 3 independent directors (5 non-independent directors). Lead Independent Director Janet Haugen was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.공시 • Apr 14Bentley Systems, Incorporated, Annual General Meeting, May 21, 2026Bentley Systems, Incorporated, Annual General Meeting, May 21, 2026.공시 • Apr 02Bentley Systems, Incorporated to Report Q1, 2026 Results on May 07, 2026Bentley Systems, Incorporated announced that they will report Q1, 2026 results at 9:30 AM, US Eastern Standard Time on May 07, 2026Declared Dividend • Mar 08Dividend of US$0.07 announcedShareholders will receive a dividend of US$0.07. Ex-date: 9th March 2026 Payment date: 19th March 2026 Dividend yield will be 0.6%, which is lower than the industry average of 0.8%. Payout Ratios Payout ratio: 32%. Cash payout ratio: 17%.Reported Earnings • Feb 27Full year 2025 earnings released: EPS: US$0.88 (vs US$0.75 in FY 2024)Full year 2025 results: EPS: US$0.88 (up from US$0.75 in FY 2024). Revenue: US$1.50b (up 11% from FY 2024). Net income: US$277.9m (up 18% from FY 2024). Profit margin: 19% (up from 17% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in Italy.공시 • Feb 26+ 1 more updateBentley Systems, Incorporated Provides Earnings Guidance for the Full Year 2026Bentley Systems, Incorporated provided earnings guidance for the full year 2026. For the year, the company expects Total revenues in the range of $1,685 million to $1,715 million.New Risk • Feb 23New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 5.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (91% net debt to equity). Share price has been volatile over the past 3 months (5.2% average weekly change). Profit margins are more than 30% lower than last year (18% net profit margin).공시 • Jan 28Bentley Systems, Incorporated to Report Q4, 2025 Results on Feb 26, 2026Bentley Systems, Incorporated announced that they will report Q4, 2025 results Pre-Market on Feb 26, 2026공시 • Jan 06Bentley Systems, Incorporated (NasdaqGS : BSY) acquired Talon Aerolytics, Inc.Bentley Systems, Incorporated (NasdaqGS : BSY) acquired Talon Aerolytics, Inc. on December 31, 2025. Dechert LLP acted as legal advisor to Bentley Systems, Incorporated. Bentley Systems, Incorporated (NasdaqGS : BSY) completed the acquisition of Talon Aerolytics, Inc. on December 31, 2025.Declared Dividend • Nov 27Dividend of US$0.07 announcedShareholders will receive a dividend of US$0.07. Ex-date: 3rd December 2025 Payment date: 11th December 2025 Dividend yield will be 0.6%, which is lower than the industry average of 0.8%. Payout Ratios Payout ratio: 32%. Cash payout ratio: 19%.공시 • Nov 22Bentley Systems, Incorporated Declares Fourth Quarter 2025 Dividend, Payable on December 11, 2025Bentley Systems, Incorporated announced that its Board of Directors (the “Board”) declared a $0.07 per share dividend for the fourth quarter of 2025. The cash dividend is payable on December 11, 2025, to all stockholders of record of Class A and Class B common stock as of the close of business on December 4, 2025.Reported Earnings • Nov 06Third quarter 2025 earnings released: EPS: US$0.18 (vs US$0.13 in 3Q 2024)Third quarter 2025 results: EPS: US$0.18 (up from US$0.13 in 3Q 2024). Revenue: US$375.5m (up 12% from 3Q 2024). Net income: US$57.4m (up 36% from 3Q 2024). Profit margin: 15% (up from 13% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in Italy.Board Change • Oct 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 5 highly experienced directors. 3 independent directors (5 non-independent directors). Lead Independent Director Janet Haugen was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.공시 • Oct 15+ 1 more updateBentley Systems Bolsters Cesium with Reality Modeling Capabilities, Brings Geospatial Context to Infrastructure EngineeringBentley Systems, Incorporated announced the availability of reality modeling services in Cesium, advancing its open platform for the built and natural environment. It also unveiled geospatial capabilities for project delivery and asset performance and a new immersive engagement application for infrastructure teams and stakeholders, all powered by Cesium. Bentley announced the availability of reality modeling services in Cesium, advancing its open platform for the built and natural environment. Since acquiring Cesium a year ago, Bentley has made significant progress in integrating technologies from both companies, powering its own products and empowering developers to build applications that visualize infrastructure data in real time and in full geospatial context. Bentley has added reality modeling services from iTwin Capture to Cesium ion, creating a complete, automated pipeline from data capture through geospatial visualization. iTwin Capture creates engineering-grade reality models from imagery and applies AI-powered feature detection, while Cesium ion allows developers to create and host content in the cloud to power 3D geospatial applications. With the new reality modeling capabilities, Cesium ion can create detailed 3D visualizations—reality meshes, point clouds, and Gaussian splats—directly from imagery, annotated by AI, ready to stream within applications using open standards. Creating an accurate, engineering-grade digital model of the existing built and natural environment and offering it as rich 3D geospatial context allows infrastructure professionals to make better informed decisions throughout the infrastructure lifecycle. The reality modeling capabilities in Cesium ion will be generally available before the end of 2025. Cesium capabilities are also enhancing Bentley’s product portfolio, bringing geospatial context to Bentley Open Applications and Bentley Infrastructure Cloud. MicroStation 2025, the latest release of Bentley’s CAD software for infrastructure design, introduces support for 3D Tiles via Cesium. Engineers can now seamlessly integrate any 3D Tiles content, including Google Photorealistic 3D Tiles and their own high-fidelity reality data, directly into their design projects. This reduces the need to manually model existing conditions, accelerating project setup and allowing teams to focus on designing solutions. These same capabilities are coming to Bentley Open Applications built on MicroStation, for designing roads, railways, bridges, and more. Cesium is also powering the geospatial experience in Bentley Infrastructure Cloud Connect, Bentley’s unified environment to connect data and people across the infrastructure lifecycle. With this geospatial context, also featuring Google Photorealistic 3D Tiles, users can navigate more intuitively across and within their projects and assets available in Bentley Infrastructure Cloud. Bentley also announced iTwin Engage, which enables infrastructure teams and their stakeholders to engage immersively with digital twins of future and existing infrastructure assets. Engineers often need to create immersive, photorealistic renderings to present their design work. Traditionally, this process is slow and inefficient, requiring specialized skills and resulting in static visuals that quickly become outdated as the design models evolve. With iTwin Engage, powered by Cesium and game engine technology, anyone can build impactful, narrative-driven content that brings projects and assets to life. Experiences are automatically generated, always current thanks to a live connection to the digital twin, and interactive—enabling not only design reviews, but also digital rehearsals for construction, immersive remote inspections, and more. iTwin Engage will be in limited availability by the end of 2025.공시 • Oct 08Bentley Systems, Incorporated Appoints Cate Lochead as Chief Marketing OfficerBentley Systems, Incorporated announced the appointment of Cate Lochead as Chief Marketing Officer. She brings marketing leadership in AI innovation and more than 20 years of experience in enterprise software to Bentley. Most recently, Lochead served as Chief Marketing Officer for high-growth software companies in AI, data, and security. Previously, she led marketing organizations at global technology leaders, including Oracle and Intuit. She has deep expertise in positioning transformative technologies for market visibility and adoption.공시 • Oct 02Bentley Systems, Incorporated to Report Q3, 2025 Results on Nov 05, 2025Bentley Systems, Incorporated announced that they will report Q3, 2025 results Pre-Market on Nov 05, 2025공시 • Sep 13Bentley Systems, Incorporated Declares Third Quarter 2025 Dividend, Payable on September 30, 2025Bentley Systems, Incorporated announced that its Board of Directors declared a $0.07 per share dividend for the third quarter of 2025. The cash dividend is payable on September 30, 2025, to all stockholders of record of Class A and Class B common stock as of the close of business on September 23, 2025.Buy Or Sell Opportunity • Aug 19Now 33% overvalued after recent price riseOver the last 90 days, the stock has risen 8.0% to €45.80. The fair value is estimated to be €34.54, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.8% over the last 3 years. Earnings per share has grown by 24%. For the next 3 years, revenue is forecast to grow by 8.9% per annum. Earnings are also forecast to grow by 16% per annum over the same time period.Valuation Update With 7 Day Price Move • Aug 13Investor sentiment deteriorates as stock falls 37%After last week's 37% share price decline to €31.80, the stock trades at a forward P/E ratio of 49x. Average forward P/E is 15x in the Software industry in Italy. Simply Wall St's valuation model estimates the intrinsic value at €24.44 per share.Reported Earnings • Aug 06First quarter 2025 earnings released: EPS: US$0.29 (vs US$0.22 in 1Q 2024)First quarter 2025 results: EPS: US$0.29 (up from US$0.22 in 1Q 2024). Revenue: US$370.5m (up 9.7% from 1Q 2024). Net income: US$91.4m (up 30% from 1Q 2024). Profit margin: 25% (up from 21% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in Italy.Board Change • Aug 06Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 5 highly experienced directors. 3 independent directors (5 non-independent directors). Lead Independent Director Janet Haugen was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.공시 • Jul 10Bentley Systems, Incorporated to Report Q2, 2025 Results on Aug 06, 2025Bentley Systems, Incorporated announced that they will report Q2, 2025 results Pre-Market on Aug 06, 2025공시 • Jul 08Bentley Systems Introduces New Open Api and Self-Service Tools in Its Blyncsy Roadway Intelligence Offering to Accelerate the Development of Innovative ApplicationsBentley Systems, Incorporated announced the launch of an open API framework for its Blyncsy roadway intelligence solution. The new open API will enable third-party developers, users, and businesses to seamlessly integrate with the Blyncsy analytics solution with access to a new self-service portal that will significantly expand the accessibility and utility of the offering. The open API framework aims to help accelerate innovation and extend the value of Bentley's Blyncsy analytics solution, enabling businesses to unlock roadway insights and develop a diverse range of applications for smart city initiatives and transportation planning to autonomous vehicle development and fleet management support. The Blyncsy offering leverages AI and crowdsourced imagery to deliver actionable insights for infrastructure professionals. The solution enables automated detection and analysis of roadway assets and conditions, enhancing maintenance, disaster recovery, and transportation planning. The open API will provide access to the crowdsourced dash camera imagery, including new pedestrian and bicyclist detection models, along with existing features such as roadway debris and vegetation detection. Additional road detections are planned for launch in 2025. The open API and self-service portal provide a standardized interface to streamline the process for partners, developers, and organizations to: Integrate Bentley's Blyncsy data directly into existing applications and platforms. Access comprehensive contextual information about roadways, including infrastructure locations, roadway conditions, and asset identification. Leverage self-service capabilities to easily manage access and utilize Bentley's Blyncsy offerings based on specific needs.Board Change • Jul 08Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 5 highly experienced directors. 3 independent directors (5 non-independent directors). Lead Independent Director Janet Haugen was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Board Change • Jun 23Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 5 highly experienced directors. 3 independent directors (5 non-independent directors). Lead Independent Director Janet Haugen was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.공시 • May 24Bentley Systems, Incorporated Declares Dividend for the Second Quarter of 2025, Payable on June 12, 2025Bentley Systems, Incorporated announced that its Board of Directors declared a $0.07 per share dividend for the second quarter of 2025. The cash dividend is payable on June 12, 2025, to all stockholders of record of Class A and Class B common stock as of the close of business on June 3, 2025.이익 및 매출 성장 예측BIT:1BSY - 애널리스트 향후 추정치 및 과거 재무 데이터 (USD Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20282,088508N/AN/A312/31/20271,8793986126391512/31/20261,701337543571153/31/20261,555282492512N/A12/31/20251,502278520538N/A9/30/20251,460269460479N/A6/30/20251,420254434448N/A3/31/20251,386256436450N/A12/31/20241,353235421435N/A9/30/20241,314364426441N/A6/30/20241,285375407427N/A3/31/20241,252352421445N/A12/31/20231,228327392417N/A9/30/20231,205173341366N/A6/30/20231,166157339362N/A3/31/20231,138164330349N/A12/31/20221,099175256274N/A9/30/20221,080188299319N/A6/30/20221,063103288308N/A3/31/20221,01993238257N/A12/31/202196593270288N/A9/30/2021917106276290N/A6/30/2021868160260271N/A3/31/2021829154304319N/A12/31/2020802126242258N/A9/30/2020785111211229N/A6/30/2020768125206224N/A3/31/2020758110185202N/A12/31/2019737103N/A171N/A9/30/2019710129N/A141N/A12/31/2018692142N/A161N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 1BSY 의 연간 예상 수익 증가율(16.4%)이 saving rate(3.3%)보다 높습니다.수익 vs 시장: 1BSY 의 연간 수익(16.4%)이 Italian 시장(11.2%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: 1BSY 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: 1BSY 의 수익(연간 9.9%)이 Italian 시장(연간 5.8%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: 1BSY 의 수익(연간 9.9%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 1BSY의 자본 수익률은 3년 후 29.4%로 높을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YSoftware 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/06/14 07:13종가2026/06/12 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Bentley Systems, Incorporated는 26명의 분석가가 다루고 있습니다. 이 중 15명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Joseph VruwinkBairdGuy HardwickBarclaysGal MundaBerenberg23명의 분석가 더 보기
공시 • Feb 26+ 1 more updateBentley Systems, Incorporated Provides Earnings Guidance for the Full Year 2026Bentley Systems, Incorporated provided earnings guidance for the full year 2026. For the year, the company expects Total revenues in the range of $1,685 million to $1,715 million.
Buy Or Sell Opportunity • Jun 11Now 24% undervalued after recent price dropOver the last 90 days, the stock has fallen 19% to €27.05. The fair value is estimated to be €35.74, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 9.1%. For the next 3 years, revenue is forecast to grow by 9.9% per annum. Earnings are also forecast to grow by 16% per annum over the same time period.
Declared Dividend • May 27Dividend of US$0.07 announcedShareholders will receive a dividend of US$0.07. Ex-date: 1st June 2026 Payment date: 11th June 2026 Dividend yield will be 0.7%, which is lower than the industry average of 0.8%. Sustainability & Growth Dividend is well covered by both earnings (31% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has increased by an average of 15% per year over the past 6 years and payments have been stable during that time. EPS is expected to grow by 57% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Buy Or Sell Opportunity • May 26Now 20% undervaluedOver the last 90 days, the stock has risen 5.8% to €28.35. The fair value is estimated to be €35.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 9.1%. For the next 3 years, revenue is forecast to grow by 9.9% per annum. Earnings are also forecast to grow by 16% per annum over the same time period.
Board Change • May 20Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 5 highly experienced directors. 3 independent directors (5 non-independent directors). Lead Independent Director Janet Haugen was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
공시 • May 16NXT BLD and Bentley Systems Launch NXT Activate Accelerator for AEC Software InnovatorsNXT BLD and infrastructure engineering software company, Bentley Systems, Incorporated announced the launch of NXT Activate, a developer-focused accelerator for early-stage companies building transformative software for the architecture, engineering, and construction (AEC) sectors. The accelerator will back startups that are creating applications to solve the industry’s most critical challenges by breaking down data silos and unlocking more efficient workflows from design through operation. The programme is uniquely designed to support startups, regardless of the technology they choose to build on. Whether a company is building on open standards, such as IFC or 3D Tiles, or leveraging proprietary platforms they are eligible for funding. This core principle ensures the accelerator supports the best new ideas in the industry, rather than limiting startups to a single vendor's technology. Initially seeded by Bentley Ventures, the corporate venture capital arm of Bentley Systems, NXT Activate will launch with a commitment of up to $3 million over a three-year term. This capital will be deployed annually across cohorts of six to eight startups, with the first cohort scheduled for autumn 2026. The consortium is designed to expand with the addition of future strategic sponsors and investment members. Each cohort participant is eligible for up to $200,000 in investment in exchange for a fixed equity stake. Beyond capital, NXT Activate provides an invaluable strategic advantage: Domain Expertise: Interact with domain experts relevant to challenges cohort participants are seeking to solve. Direct Technical Access: Deep integration support with the founding members’ platforms, SDKs, and technical teams. User Validation: Programme-led introductions to enterprise and industry players. Industry-Scale Visibility: Potential exposure on the influential stages of NXT BLD, NXT DEV, and other annual industry forums where the AEC industry’s largest firms and contractors gather to evaluate emerging technology. Investment decisions will be made jointly by a committee of the programme’s founding and investment members. NXT BLD and AEC Magazine will retain full editorial independence. NXT Activate will begin accepting applications in summer 2026 from early-stage startups and developer teams focused on software solutions for the built and natural environment. The sixteen-week programme is designed to provide a direct path from concept to commercialisation through capital, platform integration, and user validation. Application details will be published at NXTActivate.com.
Buy Or Sell Opportunity • May 12Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 5.0% to €27.16. The fair value is estimated to be €34.05, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 9.1%. For the next 3 years, revenue is forecast to grow by 9.9% per annum. Earnings are also forecast to grow by 16% per annum over the same time period.
Reported Earnings • May 07First quarter 2026 earnings released: EPS: US$0.30 (vs US$0.29 in 1Q 2025)First quarter 2026 results: EPS: US$0.30 (up from US$0.29 in 1Q 2025). Revenue: US$424.2m (up 14% from 1Q 2025). Net income: US$95.4m (up 4.4% from 1Q 2025). Profit margin: 23% (down from 25% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Italy.
Board Change • Apr 29Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 5 highly experienced directors. 3 independent directors (5 non-independent directors). Lead Independent Director Janet Haugen was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
공시 • Apr 14Bentley Systems, Incorporated, Annual General Meeting, May 21, 2026Bentley Systems, Incorporated, Annual General Meeting, May 21, 2026.
공시 • Apr 02Bentley Systems, Incorporated to Report Q1, 2026 Results on May 07, 2026Bentley Systems, Incorporated announced that they will report Q1, 2026 results at 9:30 AM, US Eastern Standard Time on May 07, 2026
Declared Dividend • Mar 08Dividend of US$0.07 announcedShareholders will receive a dividend of US$0.07. Ex-date: 9th March 2026 Payment date: 19th March 2026 Dividend yield will be 0.6%, which is lower than the industry average of 0.8%. Payout Ratios Payout ratio: 32%. Cash payout ratio: 17%.
Reported Earnings • Feb 27Full year 2025 earnings released: EPS: US$0.88 (vs US$0.75 in FY 2024)Full year 2025 results: EPS: US$0.88 (up from US$0.75 in FY 2024). Revenue: US$1.50b (up 11% from FY 2024). Net income: US$277.9m (up 18% from FY 2024). Profit margin: 19% (up from 17% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in Italy.
공시 • Feb 26+ 1 more updateBentley Systems, Incorporated Provides Earnings Guidance for the Full Year 2026Bentley Systems, Incorporated provided earnings guidance for the full year 2026. For the year, the company expects Total revenues in the range of $1,685 million to $1,715 million.
New Risk • Feb 23New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 5.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (91% net debt to equity). Share price has been volatile over the past 3 months (5.2% average weekly change). Profit margins are more than 30% lower than last year (18% net profit margin).
공시 • Jan 28Bentley Systems, Incorporated to Report Q4, 2025 Results on Feb 26, 2026Bentley Systems, Incorporated announced that they will report Q4, 2025 results Pre-Market on Feb 26, 2026
공시 • Jan 06Bentley Systems, Incorporated (NasdaqGS : BSY) acquired Talon Aerolytics, Inc.Bentley Systems, Incorporated (NasdaqGS : BSY) acquired Talon Aerolytics, Inc. on December 31, 2025. Dechert LLP acted as legal advisor to Bentley Systems, Incorporated. Bentley Systems, Incorporated (NasdaqGS : BSY) completed the acquisition of Talon Aerolytics, Inc. on December 31, 2025.
Declared Dividend • Nov 27Dividend of US$0.07 announcedShareholders will receive a dividend of US$0.07. Ex-date: 3rd December 2025 Payment date: 11th December 2025 Dividend yield will be 0.6%, which is lower than the industry average of 0.8%. Payout Ratios Payout ratio: 32%. Cash payout ratio: 19%.
공시 • Nov 22Bentley Systems, Incorporated Declares Fourth Quarter 2025 Dividend, Payable on December 11, 2025Bentley Systems, Incorporated announced that its Board of Directors (the “Board”) declared a $0.07 per share dividend for the fourth quarter of 2025. The cash dividend is payable on December 11, 2025, to all stockholders of record of Class A and Class B common stock as of the close of business on December 4, 2025.
Reported Earnings • Nov 06Third quarter 2025 earnings released: EPS: US$0.18 (vs US$0.13 in 3Q 2024)Third quarter 2025 results: EPS: US$0.18 (up from US$0.13 in 3Q 2024). Revenue: US$375.5m (up 12% from 3Q 2024). Net income: US$57.4m (up 36% from 3Q 2024). Profit margin: 15% (up from 13% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in Italy.
Board Change • Oct 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 5 highly experienced directors. 3 independent directors (5 non-independent directors). Lead Independent Director Janet Haugen was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
공시 • Oct 15+ 1 more updateBentley Systems Bolsters Cesium with Reality Modeling Capabilities, Brings Geospatial Context to Infrastructure EngineeringBentley Systems, Incorporated announced the availability of reality modeling services in Cesium, advancing its open platform for the built and natural environment. It also unveiled geospatial capabilities for project delivery and asset performance and a new immersive engagement application for infrastructure teams and stakeholders, all powered by Cesium. Bentley announced the availability of reality modeling services in Cesium, advancing its open platform for the built and natural environment. Since acquiring Cesium a year ago, Bentley has made significant progress in integrating technologies from both companies, powering its own products and empowering developers to build applications that visualize infrastructure data in real time and in full geospatial context. Bentley has added reality modeling services from iTwin Capture to Cesium ion, creating a complete, automated pipeline from data capture through geospatial visualization. iTwin Capture creates engineering-grade reality models from imagery and applies AI-powered feature detection, while Cesium ion allows developers to create and host content in the cloud to power 3D geospatial applications. With the new reality modeling capabilities, Cesium ion can create detailed 3D visualizations—reality meshes, point clouds, and Gaussian splats—directly from imagery, annotated by AI, ready to stream within applications using open standards. Creating an accurate, engineering-grade digital model of the existing built and natural environment and offering it as rich 3D geospatial context allows infrastructure professionals to make better informed decisions throughout the infrastructure lifecycle. The reality modeling capabilities in Cesium ion will be generally available before the end of 2025. Cesium capabilities are also enhancing Bentley’s product portfolio, bringing geospatial context to Bentley Open Applications and Bentley Infrastructure Cloud. MicroStation 2025, the latest release of Bentley’s CAD software for infrastructure design, introduces support for 3D Tiles via Cesium. Engineers can now seamlessly integrate any 3D Tiles content, including Google Photorealistic 3D Tiles and their own high-fidelity reality data, directly into their design projects. This reduces the need to manually model existing conditions, accelerating project setup and allowing teams to focus on designing solutions. These same capabilities are coming to Bentley Open Applications built on MicroStation, for designing roads, railways, bridges, and more. Cesium is also powering the geospatial experience in Bentley Infrastructure Cloud Connect, Bentley’s unified environment to connect data and people across the infrastructure lifecycle. With this geospatial context, also featuring Google Photorealistic 3D Tiles, users can navigate more intuitively across and within their projects and assets available in Bentley Infrastructure Cloud. Bentley also announced iTwin Engage, which enables infrastructure teams and their stakeholders to engage immersively with digital twins of future and existing infrastructure assets. Engineers often need to create immersive, photorealistic renderings to present their design work. Traditionally, this process is slow and inefficient, requiring specialized skills and resulting in static visuals that quickly become outdated as the design models evolve. With iTwin Engage, powered by Cesium and game engine technology, anyone can build impactful, narrative-driven content that brings projects and assets to life. Experiences are automatically generated, always current thanks to a live connection to the digital twin, and interactive—enabling not only design reviews, but also digital rehearsals for construction, immersive remote inspections, and more. iTwin Engage will be in limited availability by the end of 2025.
공시 • Oct 08Bentley Systems, Incorporated Appoints Cate Lochead as Chief Marketing OfficerBentley Systems, Incorporated announced the appointment of Cate Lochead as Chief Marketing Officer. She brings marketing leadership in AI innovation and more than 20 years of experience in enterprise software to Bentley. Most recently, Lochead served as Chief Marketing Officer for high-growth software companies in AI, data, and security. Previously, she led marketing organizations at global technology leaders, including Oracle and Intuit. She has deep expertise in positioning transformative technologies for market visibility and adoption.
공시 • Oct 02Bentley Systems, Incorporated to Report Q3, 2025 Results on Nov 05, 2025Bentley Systems, Incorporated announced that they will report Q3, 2025 results Pre-Market on Nov 05, 2025
공시 • Sep 13Bentley Systems, Incorporated Declares Third Quarter 2025 Dividend, Payable on September 30, 2025Bentley Systems, Incorporated announced that its Board of Directors declared a $0.07 per share dividend for the third quarter of 2025. The cash dividend is payable on September 30, 2025, to all stockholders of record of Class A and Class B common stock as of the close of business on September 23, 2025.
Buy Or Sell Opportunity • Aug 19Now 33% overvalued after recent price riseOver the last 90 days, the stock has risen 8.0% to €45.80. The fair value is estimated to be €34.54, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.8% over the last 3 years. Earnings per share has grown by 24%. For the next 3 years, revenue is forecast to grow by 8.9% per annum. Earnings are also forecast to grow by 16% per annum over the same time period.
Valuation Update With 7 Day Price Move • Aug 13Investor sentiment deteriorates as stock falls 37%After last week's 37% share price decline to €31.80, the stock trades at a forward P/E ratio of 49x. Average forward P/E is 15x in the Software industry in Italy. Simply Wall St's valuation model estimates the intrinsic value at €24.44 per share.
Reported Earnings • Aug 06First quarter 2025 earnings released: EPS: US$0.29 (vs US$0.22 in 1Q 2024)First quarter 2025 results: EPS: US$0.29 (up from US$0.22 in 1Q 2024). Revenue: US$370.5m (up 9.7% from 1Q 2024). Net income: US$91.4m (up 30% from 1Q 2024). Profit margin: 25% (up from 21% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in Italy.
Board Change • Aug 06Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 5 highly experienced directors. 3 independent directors (5 non-independent directors). Lead Independent Director Janet Haugen was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
공시 • Jul 10Bentley Systems, Incorporated to Report Q2, 2025 Results on Aug 06, 2025Bentley Systems, Incorporated announced that they will report Q2, 2025 results Pre-Market on Aug 06, 2025
공시 • Jul 08Bentley Systems Introduces New Open Api and Self-Service Tools in Its Blyncsy Roadway Intelligence Offering to Accelerate the Development of Innovative ApplicationsBentley Systems, Incorporated announced the launch of an open API framework for its Blyncsy roadway intelligence solution. The new open API will enable third-party developers, users, and businesses to seamlessly integrate with the Blyncsy analytics solution with access to a new self-service portal that will significantly expand the accessibility and utility of the offering. The open API framework aims to help accelerate innovation and extend the value of Bentley's Blyncsy analytics solution, enabling businesses to unlock roadway insights and develop a diverse range of applications for smart city initiatives and transportation planning to autonomous vehicle development and fleet management support. The Blyncsy offering leverages AI and crowdsourced imagery to deliver actionable insights for infrastructure professionals. The solution enables automated detection and analysis of roadway assets and conditions, enhancing maintenance, disaster recovery, and transportation planning. The open API will provide access to the crowdsourced dash camera imagery, including new pedestrian and bicyclist detection models, along with existing features such as roadway debris and vegetation detection. Additional road detections are planned for launch in 2025. The open API and self-service portal provide a standardized interface to streamline the process for partners, developers, and organizations to: Integrate Bentley's Blyncsy data directly into existing applications and platforms. Access comprehensive contextual information about roadways, including infrastructure locations, roadway conditions, and asset identification. Leverage self-service capabilities to easily manage access and utilize Bentley's Blyncsy offerings based on specific needs.
Board Change • Jul 08Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 5 highly experienced directors. 3 independent directors (5 non-independent directors). Lead Independent Director Janet Haugen was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Board Change • Jun 23Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 5 highly experienced directors. 3 independent directors (5 non-independent directors). Lead Independent Director Janet Haugen was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
공시 • May 24Bentley Systems, Incorporated Declares Dividend for the Second Quarter of 2025, Payable on June 12, 2025Bentley Systems, Incorporated announced that its Board of Directors declared a $0.07 per share dividend for the second quarter of 2025. The cash dividend is payable on June 12, 2025, to all stockholders of record of Class A and Class B common stock as of the close of business on June 3, 2025.