Dassault Systèmes SE

ENXTPA:DSY Stock Report

Market Cap: €41.7b

Dassault Systèmes Valuation

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

Valuation Score

3/6

Valuation Score 3/6

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

Below Fair Value: DSY (€31.97) is trading below our estimate of fair value (€32.88)

Significantly Below Fair Value: DSY 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 DSY?

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

The above table shows the Price to Earnings ratio for DSY. This is calculated by dividing DSY's market cap by their current earnings.
What is DSY's PE Ratio?
PE Ratio37.6x
Earnings€1.12b
Market Cap€41.72b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for DSY vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average46.8x
ALESK Esker
91.9x26.7%€1.5b
PLNW Planisware SAS
38.6x18.2%€1.6b
LSS Lectra
33.6x30.6%€1.0b
AXW Axway Software
23.1xn/a€804.6m
DSY Dassault Systèmes
37.6x13.6%€41.7b

Price-To-Earnings vs Peers: DSY is good value based on its Price-To-Earnings Ratio (37.6x) compared to the peer average (46.8x).

Price to Earnings Ratio vs Industry

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

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
DSY 37.6xIndustry Avg. 28.3xNo. of Companies17PE020406080100+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: DSY is expensive based on its Price-To-Earnings Ratio (37.6x) compared to the European Software industry average (28.3x).

Price to Earnings Ratio vs Fair Ratio

What is DSY'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.

DSY PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio37.6x
Fair PE Ratio38.8x

Price-To-Earnings vs Fair Ratio: DSY is good value based on its Price-To-Earnings Ratio (37.6x) compared to the estimated Fair Price-To-Earnings Ratio (38.8x).

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 DSY forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€31.97
€37.58
+17.5%
14.2%€47.00€27.00n/a20
Nov ’25€32.10
€37.58
+17.1%
14.2%€47.00€27.00n/a20
Oct ’25€35.62
€38.94
+9.3%
13.7%€47.00€28.00n/a20
Sep ’25€35.28
€38.89
+10.2%
13.8%€47.00€28.00n/a20
Aug ’25€34.78
€38.89
+11.8%
13.8%€47.00€28.00n/a20
Jul ’25€34.50
€42.04
+21.9%
15.4%€51.00€30.00n/a19
Jun ’25€37.07
€43.83
+18.2%
13.9%€52.00€32.00n/a19
May ’25€37.03
€44.04
+18.9%
14.3%€52.00€32.00n/a19
Apr ’25€41.04
€45.09
+9.9%
13.7%€55.00€33.00n/a19
Mar ’25€42.77
€45.04
+5.3%
13.6%€55.00€33.00n/a20
Feb ’25€43.24
€45.26
+4.7%
14.9%€57.00€31.00n/a21
Jan ’25€44.24
€43.42
-1.8%
14.5%€57.00€31.00n/a21
Dec ’24€43.31
€42.20
-2.5%
14.1%€57.00€31.00n/a21
Nov ’24€39.00
€41.84
+7.3%
15.3%€57.00€30.00€32.1021
Oct ’24€35.30
€41.13
+16.5%
15.0%€54.00€30.00€35.6221
Sep ’24€36.47
€41.46
+13.7%
13.9%€52.00€30.00€35.2821
Aug ’24€38.66
€41.46
+7.2%
13.9%€52.00€30.00€34.7821
Jul ’24€40.63
€41.25
+1.5%
14.4%€50.00€30.00€34.5021
Jun ’24€41.40
€40.19
-2.9%
15.0%€50.00€28.70€37.0722
May ’24€36.67
€39.73
+8.3%
14.4%€49.00€28.70€37.0322
Apr ’24€37.88
€39.97
+5.5%
14.4%€49.00€28.70€41.0421
Mar ’24€36.08
€39.98
+10.8%
14.0%€49.00€28.70€42.7722
Feb ’24€34.26
€39.07
+14.0%
14.8%€49.00€28.00€43.2422
Jan ’24€33.50
€39.13
+16.8%
16.3%€49.00€28.00€44.2422
Dec ’23€36.67
€38.88
+6.0%
16.3%€49.00€28.00€43.3122
Nov ’23€33.36
€38.88
+16.6%
16.3%€49.00€28.00€39.0022

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

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