ENXTPA:DSY

Stock Analysis Report

Dassault Systèmes

Executive Summary

Dassault Systèmes SE provides software solutions and services worldwide.

Snowflake

Fundamentals

Excellent balance sheet with moderate growth potential.


Similar Companies

Share Price & News

How has Dassault Systèmes's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

4.7%

DSY

4.5%

FR Software

4.2%

FR Market


1 Year Return

19.8%

DSY

17.5%

FR Software

9.4%

FR Market

Return vs Industry: DSY matched the French Software industry which returned 17.5% over the past year.

Return vs Market: DSY exceeded the French Market which returned 9.4% over the past year.


Shareholder returns

DSYIndustryMarket
7 Day4.7%4.5%4.2%
30 Day6.2%5.6%0.2%
90 Day0.8%0.5%0.9%
1 Year20.4%19.8%18.3%17.5%13.1%9.4%
3 Year84.9%81.9%76.3%72.8%44.4%30.5%
5 Year194.0%185.6%177.6%164.0%74.5%48.4%

Price Volatility Vs. Market

How volatile is Dassault Systèmes's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

60.19x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: DSY (€139.25) is trading above our estimate of fair value (€66.46)

Significantly Undervalued: DSY is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: DSY is poor value based on its PE Ratio (60.2x) compared to the Software industry average (32.3x).

PE vs Market: DSY is poor value based on its PE Ratio (60.2x) compared to the French market (17.4x).


Price to Earnings Growth Ratio

Low PEG Ratio: DSY is poor value based on its PEG Ratio (4.8x)


Price to Book Ratio

PB vs Industry: DSY is overvalued based on its PB Ratio (7.5x) compared to the FR Software industry average (2.2x).


Next Steps

Future Growth

How is Dassault Systèmes forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?

12.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DSY's forecast earnings growth (12.5% per year) is above the savings rate (0.7%).

Earnings vs Market: DSY's earnings (12.5% per year) are forecast to grow faster than the French market (11.4% per year).

High Growth Earnings: DSY's earnings are forecast to grow, but not significantly.

Revenue vs Market: DSY's revenue (10.7% per year) is forecast to grow faster than the French market (4.5% per year).

High Growth Revenue: DSY's revenue (10.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: DSY's Return on Equity is forecast to be low in 3 years time (17.9%).


Next Steps

Past Performance

How has Dassault Systèmes performed over the past 5 years?

14.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: DSY's earnings have grown by 14.4% per year over the past 5 years.

Accelerating Growth: DSY's earnings growth over the past year (3.8%) is below its 5-year average (14.4% per year).

Earnings vs Industry: DSY earnings growth over the past year (3.8%) exceeded the Software industry 1.1%.


Return on Equity

High ROE: DSY's Return on Equity (12.1%) is considered low.


Return on Assets

ROA vs Industry: DSY has a higher Return on Assets than the Software industry average last year.


Return on Capital Employed

ROCE Improving: DSY has not improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Dassault Systèmes's financial position?


Financial Position Analysis

Short Term Liabilities: DSY's short term assets (€4.2B) exceeds its short term liabilities (€2.2B)

Long Term Liabilities: DSY's short term assets (4.2B) exceeds its long term liabilities (1.7B)


Debt to Equity History and Analysis

Debt Level: DSY's debt to equity ratio (20.6%) is considered satisfactory

Reducing Debt: DSY's debt to equity ratio has increased from 14% to 20.6% over the past 5 years.

Debt Coverage: DSY's debt is well covered by operating cash flow (114.7%).

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


Balance Sheet

Inventory Level: DSY has a low level of unsold assets or inventory.

Debt Coverage by Assets: DSY's debt is covered by short term assets (assets are 4.171800x debt).


Next Steps

Dividend

What is Dassault Systèmes's current dividend yield, its reliability and sustainability?

0.47%

Current Dividend Yield


Dividend Yield vs Market

company0.5%marketbottom25%1.5%markettop25%4.6%industryaverage0.6%forecastin3Years0.6%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: DSY's dividend (0.47%) isn’t notable compared to the bottom 25% of dividend payers in the French market (1.55%).

High Dividend: DSY's dividend (0.47%) is low compared to the top 25% of dividend payers in the French market (4.61%).

Stable Dividend: DSY is not paying a notable dividend for the French market, therefore no need to check if payments are stable.

Growing Dividend: DSY is not paying a notable dividend for the French market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: DSY is not paying a notable dividend for .


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of DSY's dividend in 3 years as they are not forecast to pay a notable one for the French market.


Next Steps

Management

What is the CEO of Dassault Systèmes's salary, the management and board of directors tenure and is there insider trading?

3.8yrs

Average management tenure


CEO

Bernard Charlès (62yo)

17.8yrs

Tenure

€22,895,334

Compensation

Mr. Bernard S. Charlès has been the Chief Executive Officer at Dassault Systèmes SE since 2002 and has been its Vice Chairman since May 2016. He has been the Chairman & Chief Executive Officer of Exa Corpo ...


CEO Compensation Analysis

Compensation vs. Market: Bernard's total compensation ($USD25.27M) is about average for companies of similar size in the French market ($USD3.51M).

Compensation vs Earnings: Bernard's compensation has increased by more than 20% in the past year.


Management Age and Tenure

3.8yrs

Average Tenure

62yo

Average Age

Experienced Management: DSY's management team is considered experienced (3.8 years average tenure).


Board Age and Tenure

5.3yrs

Average Tenure

63yo

Average Age

Experienced Board: DSY's board of directors are considered experienced (5.3 years average tenure).


Insider Trading

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


Ownership Breakdown


Management Team

  • Bernard Charlès (62yo)

    Vice Chairman & CEO

    • Tenure: 17.8yrs
    • Compensation: €22.90m
  • Thibault de Tersant (62yo)

    Senior EVP

    • Tenure: 26.5yrs
    • Compensation: €783.95k
  • Bruno Latchague (62yo)

    Senior Executive Vice President of Global Brands

    • Tenure: 15.8yrs
  • Dominique Florack (60yo)

    President of Research & Development

    • Tenure: 3.8yrs
  • Sgolne Moignet

    Corporate Counsel

    • Tenure: 0yrs
  • Pascal Daloz (50yo)

    Executive VP

    • Tenure: 1.7yrs
  • Laurence Baucher-Barthès

    Executive VP and Chief People & Information Officer

    • Tenure: 10yrs
  • Florence Verzelen (41yo)

    Executive Vice President of Industry Solutions

    • Tenure: 1.8yrs
  • François-José Bordonado

    Vice-President of Investor Relations

    • Tenure: 0yrs
  • Tanneguy de Fromont de Bouaille (64yo)

    Consumer Goods & Retail Industry Sales Director and Director

    • Tenure: 3.3yrs
    • Compensation: €175.47k

Board Members

  • Charles Edelstenne (81yo)

    Chairman

    • Tenure: 26.8yrs
    • Compensation: €1.03m
  • Bernard Charlès (62yo)

    Vice Chairman & CEO

    • Tenure: 17.8yrs
    • Compensation: €22.90m
  • Thibault de Tersant (62yo)

    Senior EVP

    • Tenure: 26.5yrs
    • Compensation: €783.95k
  • Laurent Dassault (66yo)

    President of Chateau Dassault SAS and Chairman of The Supervisory Board of Immobiliere Dassault SA

    • Tenure: 0yrs
    • Compensation: €16.20k
  • Odile Desforges (69yo)

    Independent Director

    • Tenure: 6.4yrs
    • Compensation: €47.30k
  • Toshiko Mori (67yo)

    Independent Director

    • Tenure: 8.4yrs
    • Compensation: €33.00k
  • Marie-Hélène Habert-Dassault (54yo)

    Director

    • Tenure: 5.3yrs
    • Compensation: €28.60k
  • Laurence Lescourret (45yo)

    Independent Director

    • Tenure: 3.4yrs
    • Compensation: €47.30k
  • Tanneguy de Fromont de Bouaille (64yo)

    Consumer Goods & Retail Industry Sales Director and Director

    • Tenure: 3.3yrs
    • Compensation: €175.47k
  • Xavier Cauchois (61yo)

    Independent Director

    • Tenure: 1.4yrs

Company Information

Dassault Systèmes SE's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Dassault Systèmes SE
  • Ticker: DSY
  • Exchange: ENXTPA
  • Founded: 1981
  • Industry: Application Software
  • Sector: Software
  • Market Cap: €36.160b
  • Shares outstanding: 259.68m
  • Website: https://www.3ds.com

Number of Employees


Location

  • Dassault Systèmes SE
  • 10 rue Marcel Dassault
  • CS 40501
  • Vélizy-Villacoublay
  • Ile-de-France
  • 78946
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DAST.YOTCPK (Pink Sheets LLC)SPONS ADR REPR 1 ORD EUR1USUSDJun 1996
DSYDB (Deutsche Boerse AG)SPONS ADR REPR 1 ORD EUR1DEEURJun 1996
DAST.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDJul 1996
DSYENXTPA (Euronext Paris)YesCommon SharesFREURJul 1996
DSY1DB (Deutsche Boerse AG)YesCommon SharesDEEURJul 1996
0HB4LSE (London Stock Exchange)YesCommon SharesGBEURJul 1996
DSYPBATS-CHIXE (BATS 'Chi-X Europe')YesCommon SharesGBEURJul 1996
DSY NBMV (Bolsa Mexicana de Valores)YesCommon SharesMXMXNJul 1996
DSYSWX (SIX Swiss Exchange)YesCommon SharesCHCHFJul 1996

Biography

Dassault Systèmes SE provides software solutions and services worldwide. The company offers SOLIDWORKS design software for 3D design, electrical and printed circuit board design, product data management, s ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/15 20:36
End of Day Share Price2019/10/15 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.