Assystem SA (FR:ASY)
:ASY
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Assystem
(ASY)
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Rating:55Neutral
Price Target:
€44.00
▼(-1.35% Downside)
Action:ReiteratedDate:03/12/26
The score is held back primarily by demanding valuation (very high P/E) and weak technical momentum. Financials are mixed: revenue growth and a solid balance sheet are positives, but the sharp profitability and ROE decline in 2024–2025 limits the overall attractiveness despite positive free cash flow.
Positive Factors
Nuclear & low‑carbon focus
Assystem’s strategic concentration on nuclear and broader low‑carbon energy aligns with multi‑decade decarbonization and asset‑lifecycle needs. This niche drives long‑duration programs and framework contracts, supporting durable demand for engineering, safety and project management services.
Negative Factors
Compressed margins & low ROE
Sharp margin compression and materially lower ROE materially reduce the firm’s ability to generate returns on invested capital. Low profitability constrains reinvestment, heightens sensitivity to project cost overruns, and weakens cushion versus contract execution risk across fixed‑price engagements.
Read all positive and negative factors
Positive Factors
Negative Factors
Nuclear & low‑carbon focus
Assystem’s strategic concentration on nuclear and broader low‑carbon energy aligns with multi‑decade decarbonization and asset‑lifecycle needs. This niche drives long‑duration programs and framework contracts, supporting durable demand for engineering, safety and project management services.
Read all positive factors
Assystem (ASY) vs. iShares MSCI France ETF (EWQ)
Market Cap
€578.01M
Dividend Yield2.41%
Average Volume (3M)6.37K
Price to Earnings (P/E)83.9
Beta (1Y)0.71
Revenue Growth6.72%
EPS Growth-90.75%
CountryFR
Employees7,599
SectorGeneral
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.18
Shares Outstanding15,668,216
10 Day Avg. Volume5,756
30 Day Avg. Volume6,374
Financial Highlights & Ratios
PEG Ratio-9.39
Price to Book (P/B)2.17
Price to Sales (P/S)0.95
P/FCF Ratio16.46
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€50.00Price Target Upside12.11% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)2.76
Revenue Forecast (FY)€681.81M
Assystem Business Overview & Revenue Model
Company Description
Assystem S.A. provides engineering and infrastructure project management services worldwide. The company provides engineering services for the preparation, design, and construction of critical and complex infrastructure projects for public authori...
How the Company Makes Money
Assystem makes money primarily by selling engineering and project services to industrial clients (notably in nuclear and other energy-related programs) under service contracts. Revenue is mainly generated through (1) time-and-materials billing, wh...
Assystem Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
74
Positive
Cash Flow
66
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 656.60M | 611.30M | 577.50M | 493.50M | 445.40M |
| Gross Profit | 0.00 | 89.50M | 176.30M | 86.90M | 75.70M |
| EBITDA | 34.00M | 50.20M | 145.50M | 44.40M | 42.10M |
| Net Income | 7.40M | 8.30M | 102.00M | 48.90M | 34.20M |
Balance Sheet | |||||
| Total Assets | 629.50M | 649.30M | 826.30M | 739.80M | 724.90M |
| Cash, Cash Equivalents and Short-Term Investments | 20.40M | 31.20M | 36.40M | 28.50M | 25.70M |
| Total Debt | 110.20M | 126.50M | 121.50M | 111.70M | 125.00M |
| Total Liabilities | 342.40M | 348.40M | 343.70M | 338.30M | 366.40M |
| Stockholders Equity | 286.30M | 298.90M | 479.80M | 399.40M | 357.20M |
Cash Flow | |||||
| Free Cash Flow | 37.70M | 29.90M | 31.50M | 28.70M | 6.30M |
| Operating Cash Flow | 41.70M | 33.30M | 35.70M | 32.70M | 11.30M |
| Investing Cash Flow | -13.80M | 188.90M | -3.90M | 8.30M | -26.60M |
| Financing Cash Flow | -38.00M | -233.60M | -22.40M | -39.40M | -4.80M |
Assystem Technical Analysis
Negative
44.60
Price Trends
44.17
Negative
43.51
Negative
43.69
Negative
Market Momentum
-1.17
Positive
30.88
Neutral
45.41
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:ASY, the sentiment is Negative. The current price of 44.6 is above the 20-day moving average (MA) of 42.17, above the 50-day MA of 44.17, and above the 200-day MA of 43.69, indicating a bearish trend. The MACD of -1.17 indicates Positive momentum. The RSI at 30.88 is Neutral, neither overbought nor oversold. The STOCH value of 45.41 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FR:ASY.
Assystem Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | €11.58B | 20.60 | 42.80% | 3.32% | 7.12% | 31.41% | |
73 Outperform | €70.38B | 13.71 | 16.66% | 3.96% | 3.21% | 4.24% | |
64 Neutral | €18.76B | 14.13 | 8.45% | 4.51% | 0.88% | -2.06% | |
57 Neutral | €1.83B | 23.95 | 6.98% | 2.08% | -0.23% | -37.70% | |
56 Neutral | €7.24B | 190.12 | 8.70% | 2.14% | 10.87% | -10.35% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | €578.01M | 83.86 | 2.60% | 2.41% | 6.72% | -90.75% |
* General Sector Average
FR:ASY
Assystem
39.20
8.25
26.66%
FR:ATE
ALTEN SA
52.25
-35.42
-40.40%
FR:EN
Bouygues
48.92
14.38
41.62%
FR:BVI
Bureau Veritas
26.10
-0.97
-3.59%
FR:SPIE
SPIE SA
42.56
4.14
10.78%
FR:DG
Vinci SA
126.10
14.39
12.89%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.