NasdaqGS:BSY

Stock Analysis Report

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Market Cap

US$17.1b

Last Updated

2021/06/24 02:51 UTC

Data Sources

Company Financials +

Executive Summary

Bentley Systems, Incorporated, together with its subsidiaries, provides infrastructure engineering software solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. More Details


Snowflake Analysis

Adequate balance sheet with limited growth.


Similar Companies

Share Price & News

How has Bentley Systems's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BSY is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: BSY's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

-5.4%

BSY

3.7%

US Software

0.5%

US Market


1 Year Return

n/a

BSY

37.3%

US Software

42.6%

US Market

Return vs Industry: Insufficient data to determine how BSY performed against the US Software industry.

Return vs Market: Insufficient data to determine how BSY performed against the US Market.


Shareholder returns

BSYIndustryMarket
7 Day-5.4%3.7%0.5%
30 Day12.2%8.6%1.9%
90 Day38.8%15.3%7.9%
1 Yearn/a38.0%37.3%44.9%42.6%
3 Yearn/a151.1%144.2%64.4%54.1%
5 Yearn/a371.9%348.5%128.3%102.7%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

118.04x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BSY ($61.65) is trading above our estimate of fair value ($41.68)

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


Price To Earnings Ratio

PE vs Industry: BSY is poor value based on its PE Ratio (118x) compared to the US Software industry average (50.3x).

PE vs Market: BSY is poor value based on its PE Ratio (118x) compared to the US market (19.2x).


Price to Earnings Growth Ratio

PEG Ratio: BSY is poor value based on its PEG Ratio (8.4x)


Price to Book Ratio

PB vs Industry: BSY is overvalued based on its PB Ratio (47.7x) compared to the US Software industry average (7.8x).


Future Growth

How is Bentley Systems forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

14.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BSY's forecast earnings growth (14% per year) is above the savings rate (2%).

Earnings vs Market: BSY's earnings (14% per year) are forecast to grow slower than the US market (15.7% per year).

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

Revenue vs Market: BSY's revenue (9.4% per year) is forecast to grow slower than the US market (9.5% per year).

High Growth Revenue: BSY's revenue (9.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if BSY's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Bentley Systems performed over the past 5 years?

40.2%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: BSY has a large one-off loss of $54.8M impacting its March 31 2021 financial results.

Growing Profit Margin: BSY's current net profit margins (18.5%) are higher than last year (14.5%).


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if BSY's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Insufficient data to compare BSY's past year earnings growth to its 5-year average.

Earnings vs Industry: BSY earnings growth over the past year (40.2%) exceeded the Software industry 31%.


Return on Equity

High ROE: Whilst BSY's Return on Equity (43.46%) is outstanding, this metric is skewed due to their high level of debt.


Financial Health

How is Bentley Systems's financial position?


Financial Position Analysis

Short Term Liabilities: BSY's short term assets ($781.8M) exceed its short term liabilities ($526.5M).

Long Term Liabilities: BSY's short term assets ($781.8M) exceed its long term liabilities ($746.4M).


Debt to Equity History and Analysis

Debt Level: BSY's debt to equity ratio (190%) is considered high.

Reducing Debt: Insufficient data to determine if BSY's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: BSY's debt is well covered by operating cash flow (47.4%).

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


Balance Sheet


Dividend

What is Bentley Systems's current dividend yield, its reliability and sustainability?

0.19%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BSY's dividend (0.19%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.3%).

High Dividend: BSY's dividend (0.19%) is low compared to the top 25% of dividend payers in the US market (3.46%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: BSY is not paying a notable dividend for the US market.


Future Payout to Shareholders

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


Next Steps

Management

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

10.0yrs

Average management tenure


CEO

Greg Bentley (64 yo)

20.83yrs

Tenure

US$14,462,703

Compensation

Mr. Gregory S. Bentley, also known as Greg, has served as the Chief Executive Officer of Bentley Systems, Incorporated since August 2000 and has been its Chairman of the Board and President since June 1996...


CEO Compensation Analysis

Compensation vs Market: Greg's total compensation ($USD14.46M) is about average for companies of similar size in the US market ($USD11.28M).

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


Leadership Team

Experienced Management: BSY's management team is seasoned and experienced (10 years average tenure).


Board Members

Experienced Board: BSY's board of directors are seasoned and experienced ( 19.4 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: BSY insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: BSY only recently listed within the past 12 months.


Top Shareholders

Company Information

Bentley Systems, Incorporated's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Bentley Systems, Incorporated
  • Ticker: BSY
  • Exchange: NasdaqGS
  • Founded: 1984
  • Industry: Application Software
  • Sector: Software
  • Market Cap: US$17.060b
  • Shares outstanding: 276.72m
  • Website: https://www.bentley.com

Number of Employees


Location

  • Bentley Systems, Incorporated
  • 685 Stockton Drive
  • Exton
  • Pennsylvania
  • 19341
  • United States

Listings


Biography

Bentley Systems, Incorporated, together with its subsidiaries, provides infrastructure engineering software solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company off...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/24 02:51
End of Day Share Price2021/06/23 00:00
Earnings2021/03/31
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.