Dassault Systemes SE (FR:DSY)
:DSY
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Dassault Systemes
(DSY)
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Rating:73Outperform
Price Target:
€19.00
▼(-1.96% Downside)
Action:Upgraded
Date:04/24/26
The score is driven primarily by strong margins and solid free cash flow generation with improving leverage. This is partly offset by flat-to-down TTM revenue and a technical picture that is improving short-term but still below key longer-term moving averages. Valuation appears reasonable with a modest dividend yield.
Positive Factors
High Profitability
Sustained very high gross and operating margins reflect durable product-level economics from a software platform model. High margins support reinvestment, R&D and customer success spending while preserving cash flow and scalability across industries over multiple years.
Negative Factors
Top-line Softness
Recent flat-to-negative revenue growth interrupts prior expansion and suggests adoption or cross-sell momentum has slowed. Over 2-6 months this constrains scalability of operating leverage and makes it harder to sustainably grow operating income without reigniting top-line expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
High Profitability
Sustained very high gross and operating margins reflect durable product-level economics from a software platform model. High margins support reinvestment, R&D and customer success spending while preserving cash flow and scalability across industries over multiple years.
Read all positive factors
Dassault Systemes (DSY) vs. iShares MSCI France ETF (EWQ)
Market Cap
€22.85B
Dividend Yield1.1%
Average Volume (3M)1.64M
Price to Earnings (P/E)18.3
Beta (1Y)0.72
Revenue Growth-1.83%
EPS Growth4.00%
CountryFR
Employees26,225
SectorGeneral
Sector StrengthN/A
IndustrySoftware - Application
Share Statistics
EPS (TTM)0.93
Shares Outstanding1,341,855,700
10 Day Avg. Volume1,511,633
30 Day Avg. Volume1,638,826
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)3.57
Price to Sales (P/S)5.04
P/FCF Ratio21.37
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€22.21Price Target Upside14.62% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
EPS Forecast (FY)1.33
Revenue Forecast (FY)€6.33B
Dassault Systemes Business Overview & Revenue Model
Company Description
Dassault Systèmes SE, established in 1981 and based in Vélizy-Villacoublay, France, operates globally as a premier provider of sophisticated software platforms and related professional services. The company's extensive product suite caters to a br...
How the Company Makes Money
Dassault Systèmes primarily makes money by licensing and subscribing its software to business customers, complemented by maintenance/support and services revenue. Key revenue streams include: (1) Software subscriptions and licenses: Revenue is gen...
Dassault Systemes Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
78
Positive
Cash Flow
80
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.17B | 6.24B | 6.21B | 5.95B | 5.67B | 4.86B |
| Gross Profit | 5.09B | 5.22B | 5.20B | 4.60B | 4.75B | 4.07B |
| EBITDA | 2.04B | 1.95B | 1.92B | 1.81B | 1.94B | 1.59B |
| Net Income | 1.23B | 1.20B | 1.20B | 1.05B | 931.50M | 773.70M |
Balance Sheet | ||||||
| Total Assets | 15.47B | 15.06B | 15.55B | 14.62B | 14.26B | 14.22B |
| Cash, Cash Equivalents and Short-Term Investments | 4.87B | 4.13B | 3.95B | 3.57B | 2.77B | 2.98B |
| Total Debt | 2.48B | 3.17B | 3.06B | 3.60B | 3.58B | 4.47B |
| Total Liabilities | 6.23B | 6.26B | 6.47B | 6.78B | 6.94B | 8.01B |
| Stockholders Equity | 9.23B | 8.79B | 9.07B | 7.83B | 7.31B | 6.20B |
Cash Flow | ||||||
| Free Cash Flow | 1.64B | 1.47B | 1.47B | 1.42B | 1.39B | 1.51B |
| Operating Cash Flow | 1.77B | 1.63B | 1.66B | 1.57B | 1.53B | 1.61B |
| Investing Cash Flow | -379.60M | -404.30M | -191.70M | -161.60M | -213.90M | -160.40M |
| Financing Cash Flow | -639.40M | -789.40M | -1.21B | -536.70M | -1.59B | -711.90M |
Dassault Systemes Technical Analysis
Negative
19.38
Price Trends
18.89
Negative
18.74
Negative
21.93
Negative
Market Momentum
-0.50
Positive
35.19
Neutral
8.33
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:DSY, the sentiment is Negative. The current price of 19.38 is above the 20-day moving average (MA) of 18.99, above the 50-day MA of 18.89, and below the 200-day MA of 21.93, indicating a bearish trend. The MACD of -0.50 indicates Positive momentum. The RSI at 35.19 is Neutral, neither overbought nor oversold. The STOCH value of 8.33 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FR:DSY.
Dassault Systemes Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | €1.25B | 25.29 | ― | 1.37% | 7.95% | 16.68% | |
73 Outperform | €22.85B | 18.35 | 13.97% | 1.10% | -1.83% | 4.00% | |
66 Neutral | €286.22M | 14.89 | 25.51% | 5.63% | 10.75% | -12.80% | |
57 Neutral | €629.92M | 32.66 | 7.52% | 1.76% | -8.67% | -36.71% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
42 Neutral | €2.83M | -7.64 | ― | ― | -35.28% | 49.64% |
* General Sector Average
FR:DSY
Dassault Systemes
17.23
-13.24
-43.45%
FR:LSS
Lectra SA
16.58
-6.90
-29.38%
FR:SWP
SWORD GROUP SE
30.00
-4.01
-11.78%
FR:EOS
Acteos SA
0.85
-0.36
-29.75%
FR:MLMGL
Magillem Design Services SA
2.34
0.32
15.84%
FR:PLNW
Planisware Societe anonyme
17.80
-6.74
-27.47%
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.