Bentley Systems (BSY) AI Stock Analysis
Bentley Systems
(BMV:BSY)
No summary available
Bentley Systems (BSY) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- MXN 11.88B
- Dividend Yield
- 0.73%
- Average Volume (3M)
- 1,000
- Price to Earnings (P/E)
- 44.5
- Beta (1Y)
- 0.17
- Revenue Growth
- 2.53%
- EPS Growth
- 3.30%
- Country
- Mexico
- Employees
- 5,800
- Sector
- Technology
- Sector Strength
- 61
- Industry
- Software - Application
Bentley Systems Business Overview & Revenue Model
Company Description
Bentley Systems, Inc., along with its affiliated companies, delivers specialized software solutions for infrastructure engineering across a global footprint, encompassing the Americas, Europe, the Middle East, Africa, and the Asia-Pacific regions. It...
Bentley Systems Earnings Call Summary
The call conveyed a predominantly positive operational and financial story: solid recurring revenue and ARR growth (ARR +12% YoY CC), high retention (NRR 109%), improving free cash flow (LTM FCF $498M), and strong momentum in strategic areas like PLS and resources. Management emphasized disciplined capital allocation (share repurchases, debt reduction) and significant progress on the infrastructure AI initiative (multiple MCP servers released, open model strategy). Lowlights were largely timing, macro and execution-related (China/geopolitics, FX headwinds, front-loaded investments, lumpy Asset Analytics monetization and the deliberate delay to monetize AI until validated). Overall, positive fundamentals and clear strategic initiatives outweigh near-term risks and timing effects.
Q2-2026 Updates
Positive Updates
Negative Updates
Company Guidance
Bentley reiterated a full‑year free cash flow outlook of $500–$570M (last‑12‑month FCF $498M; burdened FCF $426M), noting H1 free cash flow of $252M (~47% of the full‑year guide, in line with the 45–50% H1 target). ARR ended Q2 at $1.536B (12% YoY constant‑currency, +2.9% sequential), last‑12‑month recurring revenues were $1.486B (+13.5% YoY), subscription revenues comprised 92% of total and grew 13.6% YoY, with constant‑currency net revenue retention of 109% and account retention of 99%. Profitability metrics: AOI less operating SBC was $116M in Q2 (28.3% margin) and $257M in H1 (30.8% margin). Balance sheet/capital allocation guidance included net debt leverage ~1.9x adjusted EBITDA, $1.2B capacity under the credit facility, a closed $550M Term Loan A, continued opportunistic repurchases (3.1M shares in Q2; $155M YTD) and $42M of dividends, with fully diluted shares at ~319M; management cautioned a modest FX headwind (~$5M YTD; a potential $8–10M H2 impact) and said AI monetization is expected to begin after 2026.
Bentley Systems Risk Analysis
Bentley Systems disclosed 37 risk factors in its most recent earnings report. Bentley Systems reported the most risks in the "Finance & Corporate" category.
Latest Risks Added
0 New RisksBentley Systems Peers Comparison
Overall Rating
PTC87Outperform
TTAN75Outperform
MTLS70Outperform
PCOR64Neutral
U58Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| PTC | 87Outperform | $21.24B | 18.84 | 32.64% | ― | 19.50% | 143.45% |
| TTAN | 75Outperform | $8.13B | -61.50 | -8.33% | ― | 22.90% | 61.40% |
| MTLS | 70Outperform | $424.10M | 28.92 | 4.97% | ― | 9.52% | -7.75% |
| PCOR | 64Neutral | $9.33B | -235.53 | -3.13% | ― | 15.41% | 73.03% |
| Sector * | 61Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
| U | 58Neutral | $16.59B | -27.72 | -18.85% | ― | 13.98% | -27.86% |
* Technology Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| MX:BSY | Bentley Systems, Class B | 648.01 | -410.82 | -38.80% | |
| PTC | PTC Inc. | 195.54 | -0.82 | -0.42% | |
| MTLS | Materialise NV | 7.18 | 0.58 | 8.79% | |
| U | Unity Software, Inc. | 37.70 | 0.15 | 0.40% | |
| PCOR | Procore Technologies Inc | 61.38 | -12.82 | -17.28% | |
| TTAN | ServiceTitan, Inc. Class A | 84.26 | -10.52 | -11.10% |
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.