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Dassault Systemes
(DSY)
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Rating:72Outperform
Price Target:
€26.00
▲(14.79% Upside)
Action:Reiterated
Date:07/24/26
The score is driven primarily by strong fundamental profitability and a strengthening balance sheet, partially offset by weaker cash flow momentum and inconsistent top-line growth signals. Technical indicators point to subdued near-term momentum, while valuation is reasonable with a modest dividend yield.
Positive Factors
High-margin profitability
Consistently high software margins indicate strong product economics and pricing power. This profitability provides resources to fund platform investment, support customers, and absorb moderate changes in demand while preserving earnings resilience.
Negative Factors
Near-flat recent revenue growth
The sharp slowdown suggests that expansion across subscriptions, licenses, and industrial customers is not yet consistently accelerating. Prolonged low growth could limit operating leverage and make future earnings gains more dependent on margin execution.
Read all positive and negative factors
Positive Factors
Negative Factors
High-margin profitability
Consistently high software margins indicate strong product economics and pricing power. This profitability provides resources to fund platform investment, support customers, and absorb moderate changes in demand while preserving earnings resilience.
Read all positive factors
Dassault Systemes (DSY) vs. iShares MSCI France ETF (EWQ)
Market Cap
€29.77B
Dividend Yield1.22%
Average Volume (3M)2.01M
Price to Earnings (P/E)22.1
Beta (1Y)0.80
Revenue Growth-1.69%
EPS Growth15.95%
CountryFR
Employees25,000
SectorGeneral
Sector StrengthN/A
IndustrySoftware - Application
Share Statistics
EPS (TTM)1.00
Shares Outstanding1,341,855,700
10 Day Avg. Volume1,808,834
30 Day Avg. Volume2,009,680
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
€21.08Price Target Upside-6.92% Downside
Rating ConsensusHold
Number of Analyst Covering6
EPS Forecast (FY)1.34
Revenue Forecast (FY)€6.37B
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
86
Very Positive
Balance Sheet
82
Very Positive
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.21B | 6.24B | 6.21B | 5.95B | 5.67B | 4.86B |
| Gross Profit | 5.14B | 5.22B | 5.20B | 4.60B | 4.75B | 4.07B |
| EBITDA | 2.07B | 1.95B | 1.92B | 1.81B | 1.94B | 1.59B |
| Net Income | 1.32B | 1.20B | 1.20B | 1.05B | 931.50M | 773.70M |
Balance Sheet | ||||||
| Total Assets | 16.32B | 15.06B | 15.55B | 14.62B | 14.26B | 14.22B |
| Cash, Cash Equivalents and Short-Term Investments | 5.66B | 4.13B | 3.95B | 3.57B | 2.77B | 2.98B |
| Total Debt | 3.38B | 3.17B | 3.06B | 3.60B | 3.58B | 4.47B |
| Total Liabilities | 6.99B | 6.26B | 6.47B | 6.78B | 6.94B | 8.01B |
| Stockholders Equity | 9.32B | 8.79B | 9.07B | 7.83B | 7.31B | 6.20B |
Cash Flow | ||||||
| Free Cash Flow | 1.59B | 1.47B | 1.47B | 1.42B | 1.39B | 1.51B |
| Operating Cash Flow | 1.72B | 1.63B | 1.66B | 1.57B | 1.53B | 1.61B |
| Investing Cash Flow | -380.40M | -404.30M | -191.70M | -161.60M | -213.90M | -160.40M |
| Financing Cash Flow | 155.90M | -789.40M | -1.21B | -536.70M | -1.59B | -711.90M |
Dassault Systemes Technical Analysis
Positive
22.65
Price Trends
20.24
Positive
19.58
Positive
20.17
Positive
Market Momentum
0.65
Positive
55.68
Neutral
40.57
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:DSY, the sentiment is Positive. The current price of 22.65 is above the 20-day moving average (MA) of 22.18, above the 50-day MA of 20.24, and above the 200-day MA of 20.17, indicating a neutral trend. The MACD of 0.65 indicates Positive momentum. The RSI at 55.68 is Neutral, neither overbought nor oversold. The STOCH value of 40.57 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
84 Outperform | €1.72B | 23.25 | ― | 1.79% | 8.20% | 18.11% | |
72 Outperform | €29.77B | 22.13 | 14.86% | 1.36% | -1.69% | 15.95% | |
67 Neutral | €291.94M | 13.27 | 29.87% | 6.94% | 8.08% | 4.16% | |
65 Neutral | €835.61M | 36.12 | 6.77% | 1.90% | -7.72% | -25.52% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
46 Neutral | €2.83M | -4.44 | 24.60% | ― | -35.28% | 49.64% |
* General Sector Average
FR:DSY
Dassault Systemes
22.13
-4.09
-15.59%
FR:LSS
Lectra SA
21.80
-0.26
-1.17%
FR:SWP
SWORD GROUP SE
30.00
-2.22
-6.89%
FR:EOS
Acteos SA
0.85
-0.29
-25.11%
FR:MLMGL
Magillem Design Services SA
2.34
-0.10
-4.10%
FR:PLNW
Planisware Societe anonyme
23.95
6.71
38.89%
Dassault Systemes Corporate Events
Dassault Systèmes Updates Investors on Share Count and Voting Rights
Aug 7, 2026
Dassault Systèmes has disclosed that as of July 31, 2026, it had 1,342,874,843 outstanding shares and a total of 2,018,621,431 voting rights, calculated in accordance with French market regulator rules. The company reminded shareholders that ...
Dassault Systèmes Publishes 2026 Half-Year IFRS Financial Report
Jul 23, 2026
Dassault Systèmes has filed its half-year financial report for the period ending June 30, 2026 with the French securities regulator, in line with IFRS standards for its condensed consolidated statements. The report is now accessible on the co...
Dassault Systèmes Posts Solid Q2, Deepens AI and Life Sciences Push With ArisGlobal Deal
Jul 23, 2026
Dassault Systèmes reported solid second-quarter 2026 results, with total revenue up 4% in constant currencies to €1.56 billion and software revenue also rising 4% on strong subscription growth. Recurring revenue reached 81% of software ...
Dassault Systèmes to buy ArisGlobal in $1.8bn push into AI‑driven life sciences compliance
Jul 23, 2026
Dassault Systèmes has signed a definitive agreement to acquire ArisGlobal for about $1.8 billion in cash, plus up to $200 million in earn‑outs linked to AI‑related revenue, fully financed with available cash and expected to close ...
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.