Dassault Systemes SE (FR:DSY)
:DSY
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Dassault Systemes
(DSY)
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Rating:73Outperform
Price Target:
€21.50
▲(10.94% Upside)
Action:UpgradedDate: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 & Margins
Dassault Systèmes sustains very high software margins (roughly 81% gross, 24% EBIT, 19% net). These margins reflect durable pricing power from proprietary CAD/PLM tools and support reinvestment in R&D, enabling long-term product leadership and margin sustainability in enterprise software.
Negative Factors
Top-line Softness
Revenue showing a slight TTM decline (~-1%) signals slower seat growth or delayed platform migrations. If subscription and seat expansion stall, long-term growth and the ability to leverage fixed-cost margins could be impaired, making sustained revenue acceleration a material watch item.
Read all positive and negative factors
Positive Factors
Negative Factors
High Profitability & Margins
Dassault Systèmes sustains very high software margins (roughly 81% gross, 24% EBIT, 19% net). These margins reflect durable pricing power from proprietary CAD/PLM tools and support reinvestment in R&D, enabling long-term product leadership and margin sustainability in enterprise software.
Read all positive factors
Dassault Systemes (DSY) vs. iShares MSCI France ETF (EWQ)
Market Cap
€26.21B
Dividend Yield1.1%
Average Volume (3M)1.64M
Price to Earnings (P/E)19.5
Beta (1Y)0.78
Revenue Growth-1.83%
EPS Growth4.00%
CountryFR
Employees26,225
SectorGeneral
Sector StrengthN/A
IndustrySoftware - Application
Share Statistics
EPS (TTM)0.30
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
€21.48Price Target Upside10.81% Upside
Rating ConsensusHold
Number of Analyst Covering10
EPS Forecast (FY)1.33
Revenue Forecast (FY)€6.33B
Dassault Systemes Business Overview & Revenue Model
Company Description
Dassault Systèmes SE provides software solutions and services worldwide. It offers SOLIDWORKS design software for 3D design, electrical and printed circuit board design, product data management, simulation, manufacturing, and technical communicati...
How the Company Makes Money
Dassault Systèmes primarily makes money by licensing and subscribing its software and related cloud services, and by providing services associated with deploying and supporting those products. Key revenue streams include: (1) Software licenses and...
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 | 1.90B | 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
Neutral
19.38
Price Trends
18.08
Positive
20.89
Negative
24.26
Negative
Market Momentum
0.03
Negative
65.47
Neutral
92.42
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:DSY, the sentiment is Neutral. The current price of 19.38 is above the 20-day moving average (MA) of 17.42, above the 50-day MA of 18.08, and below the 200-day MA of 24.26, indicating a neutral trend. The MACD of 0.03 indicates Negative momentum. The RSI at 65.47 is Neutral, neither overbought nor oversold. The STOCH value of 92.42 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
73 Outperform | €26.21B | 19.47 | 13.97% | 1.10% | -1.83% | 4.00% | |
66 Neutral | €310.54M | 8.31 | 25.51% | 5.63% | 10.75% | -12.80% | |
63 Neutral | €1.29B | 33.16 | ― | 1.37% | 7.95% | 16.68% | |
58 Neutral | €670.76M | 37.58 | 7.52% | 1.76% | -3.79% | -18.67% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
42 Neutral | €3.00M | -185.27 | ― | ― | -35.28% | 49.99% |
* General Sector Average
FR:DSY
Dassault Systemes
19.35
-12.31
-38.89%
FR:LSS
Lectra SA
17.30
-5.19
-23.08%
FR:SWP
SWORD GROUP SE
33.45
2.33
7.49%
FR:EOS
Acteos SA
0.87
-0.14
-13.86%
FR:MLMGL
Magillem Design Services SA
2.34
0.34
17.00%
FR:PLNW
Planisware Societe anonyme
18.16
-4.11
-18.46%
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.