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Assystem
(ASY)
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Rating:59Neutral
Price Target:
€44.00
▲(4.89% Upside)
Action:Reiterated
Date:08/04/26
The score is primarily supported by steady top-line growth, manageable leverage, and improving positive free cash flow. It is held back by sharply compressed profitability and lower returns since 2023, plus a very high P/E valuation. Technical signals are mixed-to-neutral, suggesting no strong momentum tailwind.
Positive Factors
Steady revenue growth
Consistent top-line growth across 2021–2025 indicates sustained demand for Assystem's engineering and digital services, likely driven by low‑carbon energy programmes and multi-year client contracts. Durable revenue momentum supports backlog visibility and predictable utilization over the next 2–6 months.
Negative Factors
Compressed net margins
Very low TTM net margins and diminished ROE materially constrain the company's capacity to generate returns from current operations. Low margins make profitability sensitive to small cost or pricing changes and limit internal funds for strategic investments or margin improvement initiatives over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady revenue growth
Consistent top-line growth across 2021–2025 indicates sustained demand for Assystem's engineering and digital services, likely driven by low‑carbon energy programmes and multi-year client contracts. Durable revenue momentum supports backlog visibility and predictable utilization over the next 2–6 months.
Read all positive factors
Assystem (ASY) vs. iShares MSCI France ETF (EWQ)
Market Cap
€657.63M
Dividend Yield4.48%
Average Volume (3M)6.37K
Price to Earnings (P/E)87.5
Beta (1Y)0.73
Revenue Growth7.41%
EPS Growth-9.10%
CountryFR
Employees7,656
SectorGeneral
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.51
Shares Outstanding15,668,216
10 Day Avg. Volume5,756
30 Day Avg. Volume6,374
Financial Highlights & Ratios
PEG Ratio-9.38
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 TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)2.84
Revenue Forecast (FY)€674.82M
Assystem Business Overview & Revenue Model
Company Description
Assystem S.A. is a global engineering and project management firm specializing in complex and critical infrastructure projects. The company partners with public sector entities and utility providers, offering comprehensive engineering services fro...
How the Company Makes Money
Assystem primarily makes money by selling professional services under multi-month or multi-year client contracts. Revenue is largely generated from (1) engineering and technical consulting (specialist teams billed on a time-and-materials basis or ...
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 | 89.20M | 89.50M | 176.30M | 86.90M | 75.70M |
| EBITDA | 26.70M | 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 Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | €69.41B | 13.43 | 16.52% | 4.22% | 3.81% | 8.38% | |
73 Outperform | €12.30B | 24.00 | 37.30% | 3.41% | 1.88% | -22.65% | |
70 Outperform | €2.52B | 23.84 | 4.84% | 2.40% | -1.07% | -42.78% | |
63 Neutral | €18.41B | 14.55 | 9.47% | 4.47% | -1.41% | 17.79% | |
59 Neutral | €657.63M | 87.45 | 2.60% | 4.77% | 7.41% | -9.10% | |
57 Neutral | €8.07B | 47.92 | 8.70% | 2.23% | 3.06% | 47.94% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
FR:ASY
Assystem
44.60
-2.75
-5.81%
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Assystem Corporate Events
Assystem’s Nuclear Growth Offsets FX Headwinds as 2026 Targets Reaffirmed
Jul 23, 2026
Assystem reported first-half 2026 consolidated revenue of €328.5 million, a 2.5% organic increase, with nuclear activities growing 8.0% and now representing 81% of sales, underscoring the group’s deepening focus on civil nuclear and de...
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.