ASY

AssystemENXTPA:ASY Stock Report

Market Cap

€477.5m

7D

1.3%

1Y

38.6%

Updated

18 Sep, 2021

Data

Company Financials +
ASY fundamental analysis
Snowflake Score
Valuation1/6
Future Growth3/6
Past Performance0/6
Financial Health5/6
Dividends4/6

ASY Overview

Assystem S.A. provides engineering and infrastructure project management services worldwide.

Assystem Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Assystem
Historical stock prices
Current Share Price€32.30
52 Week High€20.20
52 Week Low€32.50
Beta1.31
1 Month Change4.19%
3 Month Change7.67%
1 Year Change38.63%
3 Year Change10.62%
5 Year Change27.62%
Change since IPO50.23%

Recent News & Updates

Apr 15
Assystem (EPA:ASY) Seems To Use Debt Quite Sensibly

Assystem (EPA:ASY) Seems To Use Debt Quite Sensibly

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Shareholder Returns

ASYFR Professional ServicesFR Market
7D1.3%-1.0%-1.8%
1Y38.6%45.4%32.8%

Return vs Industry: ASY underperformed the French Professional Services industry which returned 45.4% over the past year.

Return vs Market: ASY exceeded the French Market which returned 32.8% over the past year.

Price Volatility

Is ASY's price volatile compared to industry and market?
ASY volatility
ASY Beta1.31
Industry Beta0.89
Market Beta1

Stable Share Price: ASY is less volatile than 75% of French stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: ASY's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19666,159Dominique Louishttps://www.assystem.com

Assystem S.A. provides engineering and infrastructure project management services worldwide. It operates in two segments, Energy & Infrastructure, and Staffing. The company develops, executes, delivers, and manages critical and complex infrastructure projects for public authorities, utility companies, and equipment manufacturers.

Assystem Fundamentals Summary

How do Assystem's earnings and revenue compare to its market cap?
ASY fundamental statistics
Market Cap€477.54m
Earnings (TTM)-€11.00m
Revenue (TTM)€495.60m

1.0x

P/S Ratio

-43.4x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ASY income statement (TTM)
Revenue€495.60m
Cost of Revenue€358.60m
Gross Profit€137.00m
Expenses€148.00m
Earnings-€11.00m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.74
Gross Margin27.64%
Net Profit Margin-2.22%
Debt/Equity Ratio25.9%

How did ASY perform over the long term?

See historical performance and comparison

Dividends

3.1%

Current Dividend Yield

-134%

Payout Ratio

Valuation

Is Assystem undervalued compared to its fair value and its price relative to the market?

1.41x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: ASY (€32.3) is trading above our estimate of fair value (€27.54)

Significantly Below Fair Value: ASY is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: ASY is unprofitable, so we can't compare its PE Ratio to the French Professional Services industry average.

PE vs Market: ASY is unprofitable, so we can't compare its PE Ratio to the French market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ASY's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ASY is good value based on its PB Ratio (1.4x) compared to the FR Professional Services industry average (2.6x).


Future Growth

How is Assystem forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

39.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ASY is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.4%).

Earnings vs Market: ASY is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: ASY's is expected to become profitable in the next 3 years.

Revenue vs Market: ASY's revenue (5.7% per year) is forecast to grow slower than the French market (6.2% per year).

High Growth Revenue: ASY's revenue (5.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ASY's Return on Equity is forecast to be low in 3 years time (9.2%).


Past Performance

How has Assystem performed over the past 5 years?

-19.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ASY is currently unprofitable.

Growing Profit Margin: ASY is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ASY is unprofitable, and losses have increased over the past 5 years at a rate of 19% per year.

Accelerating Growth: Unable to compare ASY's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: ASY is unprofitable, making it difficult to compare its past year earnings growth to the Professional Services industry (-17.8%).


Return on Equity

High ROE: ASY has a negative Return on Equity (-3.06%), as it is currently unprofitable.


Financial Health

How is Assystem's financial position?


Financial Position Analysis

Short Term Liabilities: ASY's short term assets (€220.7M) exceed its short term liabilities (€209.4M).

Long Term Liabilities: ASY's short term assets (€220.7M) exceed its long term liabilities (€152.8M).


Debt to Equity History and Analysis

Debt Level: ASY's debt to equity ratio (25.9%) is considered satisfactory.

Reducing Debt: ASY's debt to equity ratio has increased from 1.9% to 25.9% over the past 5 years.

Debt Coverage: ASY's debt is well covered by operating cash flow (53.6%).

Interest Coverage: ASY earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Assystem current dividend yield, its reliability and sustainability?

3.10%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ASY's dividend (3.1%) is higher than the bottom 25% of dividend payers in the French market (1.27%).

High Dividend: ASY's dividend (3.1%) is low compared to the top 25% of dividend payers in the French market (3.88%).


Stability and Growth of Payments

Stable Dividend: ASY's dividends per share have been stable in the past 10 years.

Growing Dividend: ASY's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: ASY is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: ASY's dividends in 3 years are forecast to be well covered by earnings (46.5% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.3yrs

Average board tenure


CEO

Dominique Louis (70 yo)

4.33yrs

Tenure

€203,600

Compensation

Mr. Dominique Louis has been the Chairman and Chief Executive Officre of Assystem SA since May 16, 2017. Mr. Louis served as Corporate Executive Officer of Assystem SA until February 1, 2016. He served as...


CEO Compensation Analysis

Compensation vs Market: Dominique's total compensation ($USD239.00K) is below average for companies of similar size in the French market ($USD520.50K).

Compensation vs Earnings: Dominique's compensation has been consistent with company performance over the past year.


Board Members

Experienced Board: ASY's board of directors are considered experienced (4.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Assystem S.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: Assystem S.A.
  • Ticker: ASY
  • Exchange: ENXTPA
  • Founded: 1966
  • Industry: Research and Consulting Services
  • Sector: Commercial Services
  • Market Cap: €477.542m
  • Shares outstanding: 14.78m
  • Website: https://www.assystem.com

Number of Employees


Location

  • Assystem S.A.
  • Tour EgEe
  • 9-11 allEe de lArche
  • Courbevoie
  • Ile-de-France
  • 92400
  • France

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/18 17:33
End of Day Share Price2021/09/17 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.