Board Change • Jul 07
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. Director Emmanuel Fievet was the last director to join the board, commencing their role in 2026. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Jun 30
Upcoming dividend of €1.00 per share Eligible shareholders must have bought the stock before 07 July 2026. Payment date: 09 July 2026. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.5%. Lower than top quartile of French dividend payers (5.5%). Lower than average of industry peers (4.4%). Declared Dividend • May 29
Dividend of €1.00 announced Dividend of €1.00 is the same as last year. Ex-date: 7th July 2026 Payment date: 9th July 2026 Dividend yield will be 2.3%, which is lower than the industry average of 2.9%. Sustainability & Growth Dividend is not covered by earnings (196% earnings payout ratio). However, it is well covered by cash flows (35% cash payout ratio). The dividend has increased by an average of 2.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 118% to bring the payout ratio under control. EPS is expected to grow by 193% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Board Change • May 27
High number of new directors Director Emmanuel Fievet was the last director to join the board, commencing their role in 2026. Reported Earnings • Apr 14
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: €0.51 (down from €0.56 in FY 2024). Revenue: €656.6m (up 7.4% from FY 2024). Net income: €7.40m (down 11% from FY 2024). Profit margin: 1.1% (down from 1.4% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 73%. Revenue is forecast to grow 3.8% p.a. on average during the next 2 years, compared to a 3.8% growth forecast for the Professional Services industry in France. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Mar 17
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.9% to €41.20. The fair value is estimated to be €51.90, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.7% over the last 3 years. Earnings per share has declined by 44%. Revenue is forecast to grow by 7.9% in 2 years. Earnings are forecast to grow by 541% in the next 2 years. Price Target Changed • Mar 12
Price target decreased by 7.8% to €47.95 Down from €52.00, the current price target is an average from 4 analysts. New target price is 13% above last closing price of €42.60. Stock is up 8.4% over the past year. The company is forecast to post earnings per share of €2.77 for next year compared to €0.51 last year. Reported Earnings • Mar 11
Full year 2025 earnings: Revenues in line with analyst expectations Full year 2025 results: Revenue: €656.6m (up 7.4% from FY 2024). Net income: €7.40m (down 11% from FY 2024). Profit margin: 1.1% (down from 1.4% in FY 2024). Revenue was in line with analyst estimates. Revenue is forecast to grow 3.8% p.a. on average during the next 2 years, compared to a 3.6% growth forecast for the Professional Services industry in France. Buy Or Sell Opportunity • Feb 04
Now 21% undervalued Over the last 90 days, the stock has risen 12% to €46.00. The fair value is estimated to be €58.11, 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 declined by 13%. Revenue is forecast to grow by 10% in 2 years. Earnings are forecast to grow by 520% in the next 2 years. Buy Or Sell Opportunity • Jan 16
Now 22% undervalued Over the last 90 days, the stock has risen 11% to €44.70. The fair value is estimated to be €57.48, 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 declined by 13%. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 516% in the next 2 years. Announcement • Oct 30
Assystem S.A. Reaffirms Consolidated Earnings Guidance for Full Year 2025 Assystem S.A. reaffirmed consolidated earnings guidance for full year 2025. For the period, the company as previously announced, targets organic consolidated revenue growth of around 5%. Major Estimate Revision • Oct 29
Consensus EPS estimates fall by 16% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from €1.70 to €1.42 per share. Revenue forecast steady at €662.7m. Net income forecast to grow 333% next year vs 0.2% growth forecast for Professional Services industry in France. Consensus price target of €51.67 unchanged from last update. Share price rose 5.6% to €43.25 over the past week. Major Estimate Revision • Sep 23
Consensus EPS estimates increase by 13% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from €1.51 to €1.70. Revenue forecast steady at €663.5m. Net income forecast to grow 346% next year vs 1.6% decline forecast for Professional Services industry in France. Consensus price target up from €48.27 to €51.67. Share price fell 8.5% to €41.65 over the past week. Reported Earnings • Sep 19
First half 2025 earnings released: EPS: €0.33 (vs €0.35 in 1H 2024) First half 2025 results: EPS: €0.33 (down from €0.35 in 1H 2024). Revenue: €326.4m (up 8.3% from 1H 2024). Net income: €4.70m (down 9.6% from 1H 2024). Profit margin: 1.4% (down from 1.7% in 1H 2024). Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Professional Services industry in France. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Major Estimate Revision • Jul 31
Consensus EPS estimates increase by 22% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from €640.4m to €663.4m. EPS estimate increased from €1.24 to €1.51 per share. Net income forecast to grow 136% next year vs 4.9% growth forecast for Professional Services industry in France. Consensus price target of €48.27 unchanged from last update. Share price rose 6.5% to €48.55 over the past week. Price Target Changed • Jul 29
Price target increased by 15% to €48.27 Up from €41.95, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of €48.00. Stock is down 3.0% over the past year. The company is forecast to post earnings per share of €1.29 for next year compared to €0.56 last year. Upcoming Dividend • Jul 01
Upcoming dividend of €1.00 per share Eligible shareholders must have bought the stock before 08 July 2025. Payment date: 10 July 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.4%. Lower than top quartile of French dividend payers (5.4%). Lower than average of industry peers (3.7%). Major Estimate Revision • May 04
Consensus EPS estimates increase by 25% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from €1.23 to €1.54. Revenue forecast steady at €640.3m. Net income forecast to grow 224% next year vs 22% growth forecast for Professional Services industry in France. Consensus price target of €41.95 unchanged from last update. Share price rose 6.8% to €38.35 over the past week. Declared Dividend • Apr 24
Final dividend of €1.00 announced Shareholders will receive a dividend of €1.00. Ex-date: 16th July 2025 Payment date: 18th July 2025 Dividend yield will be 2.9%, which is about the same as the industry average. Sustainability & Growth Dividend is not covered by earnings (178% earnings payout ratio). However, it is well covered by cash flows (42% cash payout ratio). The dividend has increased by an average of 2.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 98% to bring the payout ratio under control. EPS is expected to grow by 180% over the next 2 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Apr 20
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: €0.56 (down from €6.87 in FY 2023). Revenue: €611.3m (up 5.9% from FY 2023). Net income: €8.30m (down 92% from FY 2023). Profit margin: 1.4% (down from 18% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 68%. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Professional Services industry in France. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • Apr 17
Assystem S.A., Annual General Meeting, May 23, 2025 Assystem S.A., Annual General Meeting, May 23, 2025. Location: 21 25 rue balzac, paris France Valuation Update With 7 Day Price Move • Mar 25
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to €32.45, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 11x in the Professional Services industry in France. Total returns to shareholders of 7.4% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €31.01 per share. Price Target Changed • Mar 20
Price target decreased by 12% to €41.67 Down from €47.30, the current price target is an average from 3 analysts. New target price is 16% above last closing price of €35.90. Stock is down 39% over the past year. Reported Earnings • Mar 19
Full year 2024 earnings: Revenues in line with analyst expectations Full year 2024 results: Revenue: €611.3m (up 5.9% from FY 2023). Net income: €8.30m (down 92% from FY 2023). Profit margin: 1.4% (down from 18% in FY 2023). Revenue was in line with analyst estimates. Revenue is forecast to grow 6.5% p.a. on average during the next 2 years, compared to a 5.1% growth forecast for the Professional Services industry in France. Announcement • Mar 19
Assystem S.A. Proposes Ordinary Dividend for the Year 2024 Assystem S.A. at the Annual General Meeting to be held on 23 May 2025, will propose the payment of (stable) ordinary dividend of €1.0 per share for the year 2024 for approval by shareholders at the General Meeting. Buy Or Sell Opportunity • Feb 13
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 20% to €43.15. The fair value is estimated to be €35.56, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 14% in 2 years. Earnings are forecast to decline by 61% in the next 2 years. Major Estimate Revision • Jan 16
Consensus EPS estimates fall by 21% The consensus outlook for fiscal year 2024 has been updated. 2024 consensus EPS estimate fell from €2.13 to €1.67. Revenue forecast reaffirmed at €609.3m. Net income forecast to shrink 70% next year vs 19% growth forecast for Professional Services industry in France . Consensus price target down from €50.30 to €47.30. Share price fell 13% to €37.10 over the past week. Valuation Update With 7 Day Price Move • Jan 15
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €35.70, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 11x in the Professional Services industry in France. Total returns to shareholders of 20% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €39.29 per share. Buy Or Sell Opportunity • Dec 31
Now 28% overvalued The stock has been flat over the last 90 days, currently trading at €47.55. The fair value is estimated to be €37.17, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to decline by 59% in the next 2 years. New Risk • Dec 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of French stocks, typically moving 6.6% 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: Major Risk Earnings are forecast to decline by an average of 32% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Large one-off items impacting financial results. Major Estimate Revision • Dec 03
Consensus EPS estimates increase by 29% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from €1.65 to €2.13. Revenue forecast unchanged at €609.3m. Net income forecast to shrink 63% next year vs 19% growth forecast for Professional Services industry in France . Consensus price target down from €52.03 to €50.30. Share price fell 3.6% to €35.30 over the past week. New Risk • Nov 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of French stocks, typically moving 6.4% 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: Major Risk Earnings are forecast to decline by an average of 24% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (6.4% average weekly change). Large one-off items impacting financial results. Price Target Changed • Nov 06
Price target decreased by 8.5% to €52.03 Down from €56.87, the current price target is an average from 3 analysts. New target price is 40% above last closing price of €37.05. Stock is down 8.5% over the past year. The company is forecast to post earnings per share of €1.65 for next year compared to €6.87 last year. Valuation Update With 7 Day Price Move • Oct 26
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to €39.00, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 11x in the Professional Services industry in France. Total returns to shareholders of 66% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €52.32 per share. Buy Or Sell Opportunity • Oct 26
Now 25% undervalued after recent price drop Over the last 90 days, the stock has fallen 20% to €39.00. The fair value is estimated to be €52.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 14% in 2 years. Earnings are forecast to decline by 52% in the next 2 years. Announcement • Oct 25
Assystem S.A. to Report First Half, 2025 Results on Sep 16, 2025 Assystem S.A. announced that they will report first half, 2025 results on Sep 16, 2025 Announcement • Oct 24
Assystem S.A. to Report Fiscal Year 2024 Results on Mar 18, 2025 Assystem S.A. announced that they will report fiscal year 2024 results on Mar 18, 2025 Buy Or Sell Opportunity • Sep 18
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 23% to €42.00. The fair value is estimated to be €52.63, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to decline by 48% in the next 2 years. Major Estimate Revision • Sep 12
Consensus EPS estimates fall by 27% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from €3.22 to €2.36 per share. Revenue forecast steady at €619.6m. Net income forecast to shrink 63% next year vs 17% growth forecast for Professional Services industry in France . Consensus price target of €59.33 unchanged from last update. Share price was steady at €49.20 over the past week. Buy Or Sell Opportunity • Aug 02
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 12% to €47.70. The fair value is estimated to be €60.45, 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. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 7.7% per annum. Earnings are forecast to decline by 23% per annum over the same time period. Declared Dividend • Jul 05
Final dividend of €5.50 announced Shareholders will receive a dividend of €5.50. Ex-date: 10th July 2024 Payment date: 12th July 2024 Dividend yield will be 22%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is well covered by both earnings (15% earnings payout ratio) and cash flows (48% cash payout ratio). The dividend has increased by an average of 8.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 54% over the next 3 years. However, it would need to fall by 84% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Mar 14
Full year 2023 earnings: Revenues exceed analyst expectations Full year 2023 results: Revenue: €577.5m (up 17% from FY 2022). Net income: €102.0m (up 191% from FY 2022). Profit margin: 18% (up from 7.1% in FY 2022). Revenue exceeded analyst estimates by 1.5%. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Professional Services industry in France. Announcement • Jan 25
Assystem S.A. (ENXTPA:ASY) acquired additional 5% stake Framatome from Electricité de France S.A. for €205 million. Assystem S.A. (ENXTPA:ASY) acquired additional 5% stake Framatome from Electricité de France S.A. for €205 million on January 24, 2024.Assystem S.A. (ENXTPA:ASY) completed the acquisition of additional 5% stake Framatome from Electricité de France S.A. on January 24, 2024. Announcement • Oct 28
Assystem S.A. Provides Earnings Guidance for the Full Year 2023 Assystem S.A. provided earnings guidance for the full year 2023. For the year, the company expects consolidated revenue of around €570 million. Reported Earnings • Sep 17
First half 2023 earnings released: EPS: €1.36 (vs €1.26 in 1H 2022) First half 2023 results: EPS: €1.36 (up from €1.26 in 1H 2022). Revenue: €282.5m (up 17% from 1H 2022). Net income: €20.2m (up 8.0% from 1H 2022). Profit margin: 7.2% (down from 7.7% in 1H 2022). Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Professional Services industry in France. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Announcement • Sep 14
Aassystem S.A. Provides Earnings Guidance for the Full Year 2023 Assystem S.A. provided earnings guidance for the full year 2023. For the year, company expects consolidated revenue of around €570 million. Price Target Changed • Sep 06
Price target increased by 8.9% to €57.25 Up from €52.55, the current price target is an average from 4 analysts. New target price is 32% above last closing price of €43.30. Stock is up 13% over the past year. The company is forecast to post earnings per share of €2.79 for next year compared to €2.37 last year. Major Estimate Revision • Jul 30
Consensus EPS estimates increase by 10% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from €553.3m to €570.3m. EPS estimate increased from €2.76 to €3.04 per share. Net income forecast to grow 23% next year vs 13% growth forecast for Professional Services industry in France. Consensus price target broadly unchanged at €53.04. Share price was steady at €46.00 over the past week. Announcement • Jul 26
Assystem S.A. Provides Earnings Guidance for the Full Year 2023 Assystem S.A. provided earnings guidance for the full year 2023. For the year, company expects consolidated revenue of around €570 million. Upcoming Dividend • Jun 28
Upcoming dividend of €1.00 per share at 2.2% yield Eligible shareholders must have bought the stock before 05 July 2023. Payment date: 07 July 2023. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of French dividend payers (5.2%). Lower than average of industry peers (2.9%). Announcement • Jun 06
Assystem S.A. Decides Dividend for the Financial Year 2022, Payable on 7 July 2023 Assystem S.A. confirmed that its Combined General Meeting was held on June 5, 2023, decided the payment of a dividend of €1.00 per share for the 2022 financial year. Ex-date is 5 July 2023 with record date on 6 July 2023 (after-market closure) and payment date is 7 July 2023. Price Target Changed • May 10
Price target increased by 8.7% to €53.07 Up from €48.83, the current price target is an average from 3 analysts. New target price is 21% above last closing price of €43.80. Stock is up 15% over the past year. The company is forecast to post earnings per share of €2.82 for next year compared to €2.37 last year. Reported Earnings • May 09
Full year 2022 earnings released: EPS: €2.37 (vs €2.03 in FY 2021) Full year 2022 results: EPS: €2.37 (up from €2.03 in FY 2021). Revenue: €493.5m (up 11% from FY 2021). Net income: €35.1m (up 17% from FY 2021). Profit margin: 7.1% (up from 6.7% in FY 2021). Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Professional Services industry in France. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 17
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: €2.37 (up from €2.13 in FY 2021). Revenue: €493.5m (up 2.2% from FY 2021). Net income: €35.1m (up 11% from FY 2021). Profit margin: 7.1% (up from 6.5% in FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.4%. Revenue is forecast to grow 8.0% p.a. on average during the next 2 years, compared to a 6.1% growth forecast for the Professional Services industry in France. Over the last 3 years on average, earnings per share has increased by 35% per year whereas the company’s share price has increased by 33% per year. Board Change • Feb 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 3 highly experienced directors. Director Julie Louis was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Jan 25
Assystem S.A. Announces Deputy CEO Changes with Effect from February 1, 2023 Assystem S.A. appointed Stéphane Aubarbier, currently Assystem’s Chief Operating Officer as Deputy CEO, effective 1 February 2023, and placed on record the resignation of Philippe Chevallier from his position as Deputy CEO, Finance of Assystem S.A., effective 1 February 2023.