Dassault Systèmes Valuation

Is DSYA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of DSYA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: DSYA (€32.45) is trading below our estimate of fair value (€32.82)

Significantly Below Fair Value: DSYA is trading below fair value, but not by a significant amount.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for DSYA?

Key metric: As DSYA is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for DSYA. This is calculated by dividing DSYA's market cap by their current earnings.
What is DSYA's PE Ratio?
PE Ratio38.8x
Earnings€1.12b
Market Cap€43.36b

Price to Earnings Ratio vs Peers

How does DSYA's PE Ratio compare to its peers?

The above table shows the PE ratio for DSYA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average54.9x
NEM Nemetschek
66.8x18.6%€11.4b
SAP SAP
94.7x40.7%€260.0b
TMV TeamViewer
15x11.1%€1.8b
AOF ATOSS Software
43.2x7.8%€1.9b
DSYA Dassault Systèmes
38.8x13.6%€43.4b

Price-To-Earnings vs Peers: DSYA is good value based on its Price-To-Earnings Ratio (38.8x) compared to the peer average (54.9x).


Price to Earnings Ratio vs Industry

How does DSYA's PE Ratio compare vs other companies in the European Software Industry?

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
DSYA 38.8xIndustry Avg. 28.1xNo. of Companies20PE020406080100+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: DSYA is expensive based on its Price-To-Earnings Ratio (38.8x) compared to the European Software industry average (28.1x).


Price to Earnings Ratio vs Fair Ratio

What is DSYA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

DSYA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio38.8x
Fair PE Ratio37x

Price-To-Earnings vs Fair Ratio: DSYA is expensive based on its Price-To-Earnings Ratio (38.8x) compared to the estimated Fair Price-To-Earnings Ratio (37x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst DSYA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€32.45
€37.58
+15.8%
14.2%€47.00€27.00n/a20
Nov ’25€32.19
€37.58
+16.7%
14.2%€47.00€27.00n/a20
Oct ’25€35.88
€38.94
+8.5%
13.7%€47.00€28.00n/a20
Sep ’25€35.16
€38.89
+10.6%
13.8%€47.00€28.00n/a20
Aug ’25€34.78
€38.89
+11.8%
13.8%€47.00€28.00n/a20
Jul ’25€35.00
€42.04
+20.1%
15.4%€51.00€30.00n/a19
Jun ’25€37.52
€43.83
+16.8%
13.9%€52.00€32.00n/a19
May ’25€36.84
€44.04
+19.5%
14.3%€52.00€32.00n/a19
Apr ’25€41.21
€45.09
+9.4%
13.7%€55.00€33.00n/a19
Mar ’25€42.70
€45.04
+5.5%
13.6%€55.00€33.00n/a20
Feb ’25€43.38
€45.26
+4.4%
14.9%€57.00€31.00n/a21
Jan ’25€44.23
€43.42
-1.8%
14.5%€57.00€31.00n/a21
Dec ’24€43.18
€42.20
-2.3%
14.1%€57.00€31.00n/a21
Nov ’24€38.92
€41.84
+7.5%
15.3%€57.00€30.00€32.1921
Oct ’24€34.66
€41.13
+18.7%
15.0%€54.00€30.00€35.8821
Sep ’24€36.50
€41.46
+13.6%
13.9%€52.00€30.00€35.1621
Aug ’24€38.83
€41.46
+6.8%
13.9%€52.00€30.00€34.7821
Jul ’24€39.70
€41.25
+3.9%
14.4%€50.00€30.00€35.0021
Jun ’24€41.30
€40.19
-2.7%
15.0%€50.00€28.70€37.5222
May ’24€35.80
€39.73
+11.0%
14.4%€49.00€28.70€36.8422
Apr ’24€38.12
€39.97
+4.9%
14.4%€49.00€28.70€41.2121
Mar ’24€36.44
€39.98
+9.7%
14.0%€49.00€28.70€42.7022
Feb ’24€34.04
€39.07
+14.8%
14.8%€49.00€28.00€43.3822
Jan ’24€33.84
€39.13
+15.6%
16.3%€49.00€28.00€44.2322
Dec ’23€35.32
€38.88
+10.1%
16.3%€49.00€28.00€43.1822
Nov ’23€33.51
€38.88
+16.1%
16.3%€49.00€28.00€38.9222

Analyst Forecast: Target price is less than 20% higher than the current share price.


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