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Assystem
(ASY)
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Rating:59Neutral
Price Target:
€35.00
▼(-20.72% Downside)
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
Sustained revenue growth indicates continuing demand for Assystem’s engineering and project-management services across complex industrial programs. Ongoing expansion provides a platform for utilization, client relationship depth, and recurring work under longer-duration energy and infrastructure projects.
Negative Factors
Sharp margin compression
The sharp normalization in net profitability makes Assystem’s earnings power less predictable than its revenue trajectory. Persistently thin margins would reduce the benefit of growth, limit reinvestment capacity, and leave results more sensitive to project execution and operating-cost changes.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady revenue growth
Sustained revenue growth indicates continuing demand for Assystem’s engineering and project-management services across complex industrial programs. Ongoing expansion provides a platform for utilization, client relationship depth, and recurring work under longer-duration energy and infrastructure projects.
Read all positive factors
Assystem (ASY) vs. iShares MSCI France ETF (EWQ)
Market Cap
€499.86M
Dividend Yield5.9%
Average Volume (3M)6.72K
Price to Earnings (P/E)67.8
Beta (1Y)0.76
Revenue Growth7.41%
EPS Growth-9.10%
CountryFR
Employees7,656
SectorGeneral
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.50
Shares Outstanding15,668,216
10 Day Avg. Volume6,333
30 Day Avg. Volume6,724
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)2.85
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 engineering and project services to industrial and public-sector clients, generating revenue largely through service contracts rather than product sales. Its core revenue stream is fees for engineering and...
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 Technical Analysis
Negative
44.15
Price Trends
38.82
Negative
40.47
Negative
41.70
Negative
Market Momentum
-1.35
Negative
42.34
Neutral
51.19
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 44.15 is above the 20-day moving average (MA) of 33.87, above the 50-day MA of 38.82, and above the 200-day MA of 41.70, indicating a neutral trend. The MACD of -1.35 indicates Negative momentum. The RSI at 42.34 is Neutral, neither overbought nor oversold. The STOCH value of 51.19 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 |
|---|---|---|---|---|---|---|---|
74 Outperform | €60.18B | 11.83 | 16.58% | 4.68% | 3.81% | 8.38% | |
73 Outperform | €12.91B | 25.53 | 29.90% | 3.16% | 1.88% | -22.65% | |
70 Outperform | €3.13B | 22.09 | 6.19% | 1.68% | 0.11% | -6.28% | |
63 Neutral | €15.81B | 12.51 | 9.79% | 5.13% | -1.41% | 17.79% | |
59 Neutral | €499.86M | 67.80 | 2.60% | 5.90% | 7.41% | -9.10% | |
57 Neutral | €7.12B | 42.04 | 14.23% | 2.62% | 3.06% | 47.94% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
FR:ASY
Assystem
33.90
-6.96
-17.03%
FR:ATE
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89.45
17.52
24.36%
FR:EN
Bouygues
40.90
2.17
5.61%
FR:BVI
Bureau Veritas
29.10
1.32
4.75%
FR:SPIE
SPIE SA
42.04
-3.32
-7.32%
FR:DG
Vinci SA
107.90
-4.94
-4.38%
Assystem Corporate Events
Assystem lifts margins and nuclear growth as 2026 guidance refined
Oct 27, 2026
Assystem reported nine‑month 2026 revenue of €492.1 million, a 1.7% headline increase driven by 2.8% organic growth and a diminishing drag from foreign exchange. Nuclear activities posted robust organic growth of 7.7% and now make up t...
Assystem Sets New Date for 2026 Half-Year Results and Q3 Revenue Release
Oct 12, 2026
Assystem has confirmed that its 2026 half-year financial results, previously postponed, will be published on 27 October 2026 after the market close, coinciding with the release of its third-quarter 2026 revenue. The revised timetable follows compl...
Assystem Updates Market on Share Capital and Voting Rights Structure
Oct 5, 2026
Assystem S.A. has disclosed updated information on its share capital and voting rights as of 30 September 2026, reporting 15,668,216 shares in circulation and 25,126,443 theoretical voting rights, of which 24,292,696 are exercisable, reflecting th...
Assystem Delays Half‑Year Results Amid Expleo Financing Review
Sep 10, 2026
Assystem S.A. has postponed the publication of its 2026 half‑year financial results, originally planned for September 15, due to delays in Expleo Group’s limited review of its own half‑year accounts. The timing issue stems from E...
Assystem Updates Share Capital and Voting Rights Structure as of 31 August 2026
Sep 4, 2026
Assystem S.A., a major independent nuclear engineering specialist, has detailed its share capital structure and voting rights as of 31 August 2026 in line with French regulatory requirements. The group, which operates globally in complex infrastru...
Assystem Publishes Updated Share Capital and Voting Rights as of 31 July 2026
Aug 11, 2026
Assystem S.A. reported that its share capital comprised 15,668,216 shares outstanding as of 31 July 2026, along with 25,095,629 theoretical voting rights, including treasury shares. The company also disclosed 24,264,000 voting rights that can be e...
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.