Assystem S.A.

ENXTPA:ASY Stock Report

Market Cap: €579.8m

Assystem Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • 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 ASY when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
€35.90
Fair Value
9.5% overvalued intrinsic discount
3
Number of Analysts

Below Fair Value: ASY (€39.3) is trading above our estimate of fair value (€35.9)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for ASY. This is calculated by dividing ASY's market cap by their current earnings.
What is ASY's PE Ratio?
PE Ratio6.7x
Earnings€87.00m
Market Cap€579.83m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for ASY vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average33.2x
AAA Alan Allman Associates
90.8x56.0%€211.5m
BVI Bureau Veritas
22x9.7%€12.5b
CEN Groupe CRIT
8.9x9.0%€611.2m
SDG Synergie
10.9x4.9%€714.7m
ASY Assystem
6.7x-28.5%€579.8m

Price-To-Earnings vs Peers: ASY is good value based on its Price-To-Earnings Ratio (6.7x) compared to the peer average (33.2x).

Price to Earnings Ratio vs Industry

How does ASY's PE Ratio compare vs other companies in the European Professional Services Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ASY 6.7xIndustry Avg. 20.3xNo. of Companies15PE01224364860+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ASY is good value based on its Price-To-Earnings Ratio (6.7x) compared to the European Professional Services industry average (20.3x).

Price to Earnings Ratio vs Fair Ratio

What is ASY'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.

ASY PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.7x
Fair PE Ratio6.8x

Price-To-Earnings vs Fair Ratio: ASY is good value based on its Price-To-Earnings Ratio (6.7x) compared to the estimated Fair Price-To-Earnings Ratio (6.8x).

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 ASY forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€39.30
€47.30
+20.4%
7.2%€52.00€44.00n/a3
Mar ’26€40.60
€47.30
+16.5%
7.2%€52.00€44.00n/a3
Feb ’26€38.75
€47.30
+22.1%
7.2%€52.00€44.00n/a3
Jan ’26€47.55
€50.30
+5.8%
6.2%€53.00€45.90n/a3
Dec ’25€38.00
€52.03
+36.9%
1.5%€53.00€51.10n/a3
Nov ’25€39.65
€53.00
+33.7%
1.5%€54.00€52.00n/a3
Oct ’25€48.15
€56.87
+18.1%
1.7%€58.00€55.60n/a3
Jun ’25€57.80
€61.67
+6.7%
3.8%€65.00€60.00n/a3
May ’25€53.80
€56.50
+5.0%
11.9%€65.00€46.50n/a5
Apr ’25€58.80
€57.84
-1.6%
13.2%€65.00€46.50n/a5
Mar ’25€53.00
€56.28
+6.2%
11.8%€65.00€46.50€40.605
Feb ’25€52.20
€54.88
+5.1%
9.6%€60.00€46.50€38.755
Jan ’25€49.50
€53.48
+8.0%
8.6%€58.90€46.50€47.555
Dec ’24€42.90
€53.48
+24.7%
8.6%€58.90€46.50€38.005
Nov ’24€38.00
€53.84
+41.7%
9.4%€60.70€46.50€39.655
Oct ’24€39.70
€54.90
+38.3%
12.1%€66.00€46.50€48.155
Sep ’24€44.60
€57.25
+28.4%
9.7%€66.00€52.00€51.204
Aug ’24€45.90
€57.25
+24.7%
9.7%€66.00€52.00€48.504
Jul ’24€47.40
€52.55
+10.9%
3.1%€55.00€51.00€56.004
Jun ’24€45.40
€52.55
+15.7%
3.1%€55.00€51.00€57.804
May ’24€43.40
€51.83
+19.4%
6.1%€55.00€47.50€53.803
Apr ’24€43.10
€48.83
+13.3%
2.1%€50.00€47.50€58.803
Mar ’24€43.90
€48.67
+10.9%
2.6%€50.00€47.00€53.003
Analyst Price Target
Consensus Narrative from 3 Analysts
€47.30
Fair Value
16.9% undervalued intrinsic discount
3
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/03/13 02:22
End of Day Share Price 2025/03/13 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Assystem S.A. is covered by 14 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Mourad LahmidiBNP Paribas Exane
Jean-Baptiste BouchetCIC Market Solutions (ESN)
Jean-Baptiste BouchetCIC Market Solutions (ESN)