As of May 23, 2025, Assystem SA has a Discounted Cash Flow (DCF) derived fair value of $0.00 per share. With the current market price at $41.95, this represents a potential upside of -120.0%.
| Key Metrics | Value |
|---|---|
| DCF Fair Value (5-year) | $0.00 |
| DCF Fair Value (10-year) | $0.00 |
| Potential Upside (5-year) | -117.6% |
| Potential Upside (10-year) | -120.0% |
| Discount Rate (WACC) | 4.9% - 6.4% |
Revenue is projected to grow from $611 million in 12-2024 to $1145 million by 12-2034, representing a compound annual growth rate of approximately 6.5%.
| Fiscal Year | Revenue (USD millions) | Growth |
|---|---|---|
| 12-2024 | 611 | 6% |
| 12-2025 | 665 | 9% |
| 12-2026 | 712 | 7% |
| 12-2027 | 754 | 6% |
| 12-2028 | 796 | 6% |
| 12-2029 | 855 | 7% |
| 12-2030 | 900 | 5% |
| 12-2031 | 935 | 4% |
| 12-2032 | 1027 | 10% |
| 12-2033 | 1082 | 5% |
| 12-2034 | 1145 | 6% |
Net profit margin is expected to improve from 1% in 12-2024 to 2% by 12-2034, driven by operational efficiency and economies of scale.
| Fiscal Year | Net Profit (USD millions) | Profit Margin |
|---|---|---|
| 12-2024 | 7 | 1% |
| 12-2025 | 11 | 2% |
| 12-2026 | 11 | 2% |
| 12-2027 | 12 | 2% |
| 12-2028 | 13 | 2% |
| 12-2029 | 14 | 2% |
| 12-2030 | 14 | 2% |
| 12-2031 | 15 | 2% |
| 12-2032 | 16 | 2% |
| 12-2033 | 17 | 2% |
| 12-2034 | 18 | 2% |
with a 5-year average of $5 million. Projected CapEx is expected to maintain at approximately 1% of revenue.
Depreciation is based on an average useful life of 5 years for capital assets.
| Fiscal Year | D&A (USD millions) |
|---|---|
| 12-2025 | 5 |
| 12-2026 | 6 |
| 12-2027 | 7 |
| 12-2028 | 7 |
| 12-2029 | 8 |
| 12-2030 | 9 |
Net working capital is expected to increase gradually, with projected changes affecting free cash flow.
| Components | Average Days |
|---|---|
| Days Receivables | 115 |
| Days Inventory | 0 |
| Days Payables | 0 |
| Fiscal Year | EBITDA | Tax | CapEx | Change in NWC | FCF |
|---|---|---|---|---|---|
| 2025 | 22 | 3 | 7 | 60 | (48) |
| 2026 | 24 | 3 | 8 | 11 | 2 |
| 2027 | 26 | 3 | 8 | 15 | (1) |
| 2028 | 27 | 3 | 9 | 13 | 2 |
| 2029 | 30 | 3 | 10 | 18 | (1) |
| Valuation Method | Fair Price (USD) | Potential Upside |
|---|---|---|
| 5-Year DCF (Growth) | 0.00 | -117.6% |
| 10-Year DCF (Growth) | 0.00 | -120.0% |
| 5-Year DCF (EBITDA) | 3.51 | -91.6% |
| 10-Year DCF (EBITDA) | 4.46 | -89.4% |
Is Assystem SA (ASY.PA) a buy or a sell? Assystem SA is definitely a sell. Based on our DCF analysis, Assystem SA (ASY.PA) appears to be overvalued with upside potential of -120.0%. The company's strong projected growth in revenue and profitability, coupled with consistent capital expenditure, supports our positive outlook on its intrinsic value.
Key investment drivers include:
Investors should consider reducing exposure at the current market price of $41.95.