(BSY) Bentley Systems - Overview
Sector: Technology | Industry: Software - Application | Exchange: NASDAQ (USA) | Market Cap: 9.743m USD | Total Return: -30.2% in 12m
Engineering Software, Design Applications, Simulation Tools, Digital Twins
Total Rating 43
Safety 40
Buy Signal -0.17
Software - Application
Industry Rotation: +0.2
Industry Rotation: +0.2
Market Cap:
9.74B
Avg Turnover: 84.3M
Avg Turnover: 84.3M
Risk 3d forecast
Volatility30.7%
VaR 5th Pctl5.55%
VaR vs Median9.79%
Reward TTM
Sharpe Ratio-0.98
Rel. Str. IBD10.8
Rel. Str. Peer Group38.4
Character TTM
Beta0.556
Beta Downside0.800
Hurst Exponent0.512
Drawdowns 3y
Max DD46.53%
CAGR/Max DD-0.23
CAGR/Mean DD-0.67
EPS (Earnings per Share)
EPS CAGR: 9.24%
EPS Trend: 89.0%
EPS Trend: 89.0%
Last SUE: 0.56
Qual. Beats: 0
Qual. Beats: 0
Revenue
Rev. CAGR: 10.66%
Rev. Trend: 99.8%
Rev. Trend: 99.8%
Last SUE: 0.84
Qual. Beats: 0
Qual. Beats: 0
Warnings
Altman Z'' -0.22 < 1.0 - financial distress zone
Tailwinds
No distinct edge detected
Description: BSY Bentley Systems
Bentley Systems, Incorporated (BSY) is an infrastructure engineering software provider headquartered in Exton, Pennsylvania. The company develops specialized modeling, simulation, and geoprofessional applications used by engineers, architects, and contractors to design and manage physical assets. Its product portfolio includes the MicroStation modeling environment and the iTwin platform, which facilitates the creation of cloud-native digital twins for large-scale infrastructure projects.
The company operates within the specialized niche of Architecture, Engineering, and Construction (AEC) software, a sector characterized by high switching costs and long-term subscription-based revenue models. Unlike general-purpose CAD software, Bentley’s solutions focus specifically on the complex lifecycle of public works and industrial assets, including bridges, rail networks, and utility grids. The integration of subsurface modeling and real-time IoT data allows for the continuous monitoring of infrastructure health from construction through operation.
To better understand the companys valuation metrics and market positioning, you may find it useful to explore the data available on ValueRay.
- Public infrastructure spending levels drive demand for civil engineering software solutions
- Subscription transition improves recurring revenue margins and long-term cash flow predictability
- Digital twin adoption accelerates high-margin cloud services and asset management growth
- Global construction labor shortages increase reliance on automated engineering design tools
- High exposure to government-funded projects creates sensitivity to national fiscal policies
Piotroski VR‑10 (Strict)
7.5
| Net Income: 281.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.14 > 0.02 and ΔFCF/TA 1.13 > 1.0 |
| NWC/Revenue: -31.42% < 20% (prev -33.19%; Δ 1.77% < -1%) |
| CFO/TA 0.15 > 3% & CFO 512.5m > Net Income 281.9m |
| Net Debt (1.06b) to EBITDA (486.8m): 2.18 < 3 |
| Current Ratio: 0.51 > 1.5 & < 3 |
| Outstanding Shares: last quarter (321.8m) vs 12m ago -3.48% < -2% |
| Gross Margin: 81.64% > 18% (prev 0.81%; Δ 8.08k% > 0.5%) |
| Asset Turnover: 44.91% > 50% (prev 40.73%; Δ 4.19% > 0%) |
| Interest Coverage Ratio: 11.30 > 6 (EBITDA TTM 486.8m / Interest Expense TTM 34.5m) |
Altman Z''
-0.22
| A: -0.14 (Total Current Assets 518.2m - Total Current Liabilities 1.01b) / Total Assets 3.52b |
| B: -0.01 (Retained Earnings -22.4m / Total Assets 3.52b) |
| C: 0.11 (EBIT TTM 390.1m / Avg Total Assets 3.46b) |
| D: -0.04 (Book Value of Equity -100.1m / Total Liabilities 2.30b) |
| Altman-Z'' Score: -0.22 = B |
Beneish M
-3.02
| DSRI: 1.01 (Receivables 344.1m/303.6m, Revenue 1.56b/1.39b) |
| GMI: 0.99 (GM 81.64% / 81.12%) |
| AQI: 0.98 (AQ_t 0.83 / AQ_t-1 0.85) |
| SGI: 1.12 (Revenue 1.56b / 1.39b) |
| TATA: -0.07 (NI 281.9m - CFO 512.5m) / TA 3.52b) |
| Beneish M-Score: -3.02 (Cap -4..+1) = AA |
What is the price of BSY shares?
As of May 21, 2026, the stock is trading at USD 33.34 with a total of 2,454,296 shares traded.
Over the past week, the price has changed by +6.69%, over one month by -5.31%, over three months by -1.31% and over the past year by -30.20%.
Over the past week, the price has changed by +6.69%, over one month by -5.31%, over three months by -1.31% and over the past year by -30.20%.
Is BSY a buy, sell or hold?
Bentley Systems has received a consensus analysts rating of 4.00.
Therefore, it is recommended to buy BSY.
- StrongBuy: 7
- Buy: 3
- Hold: 5
- Sell: 1
- StrongSell: 0
What are the forecasts/targets for the BSY price?
| Analysts Target Price | 46.1 | 38.2% |
Bentley Systems (BSY) - Fundamental Data Overview
as of 17 May 2026
P/E Trailing = 36.8621 P/E Forward = 24.0964
P/S = 6.2638
P/B = 8.1188
P/EG = 1.6059
Revenue TTM = 1.56b USD
EBIT TTM = 390.1m USD
EBITDA TTM = 486.8m USD
Long Term Debt = 1.12b USD (from longTermDebt, last quarter)
Short Term Debt = 13.3m USD (from shortTermDebt, last quarter)
Debt = 1.17b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.06b USD (from netDebt column, last quarter)
Enterprise Value = 10.80b USD (9.74b + Debt 1.17b - CCE 105.2m)
Interest Coverage Ratio = 11.30 (Ebit TTM 390.1m / Interest Expense TTM 34.5m)
EV/FCF = 21.97x (Enterprise Value 10.80b / FCF TTM 491.7m)
FCF Yield = 4.55% (FCF TTM 491.7m / Enterprise Value 10.80b)
FCF Margin = 31.61% (FCF TTM 491.7m / Revenue TTM 1.56b)
Net Margin = 18.12% (Net Income TTM 281.9m / Revenue TTM 1.56b)
Gross Margin = 81.64% ((Revenue TTM 1.56b - Cost of Revenue TTM 285.6m) / Revenue TTM)
Gross Margin QoQ = 82.61% (prev 81.89%)
Tobins Q-Ratio = 3.07 (Enterprise Value 10.80b / Total Assets 3.52b)
Interest Expense / Debt = 0.65% (Interest Expense 7.55m / Debt 1.17b)
Taxrate = 19.54% (23.2m / 118.5m)
NOPAT = 313.8m (EBIT 390.1m * (1 - 19.54%))
Current Ratio = 0.51 (Total Current Assets 518.2m / Total Current Liabilities 1.01b)
Debt / Equity = 0.95 (Debt 1.17b / totalStockholderEquity, last quarter 1.23b)
Debt / EBITDA = 2.18 (Net Debt 1.06b / EBITDA 486.8m)
Debt / FCF = 2.16 (Net Debt 1.06b / FCF TTM 491.7m)
Total Stockholder Equity = 1.19b (last 4 quarters mean from totalStockholderEquity)
RoA = 8.14% (Net Income 281.9m / Total Assets 3.52b)
RoE = 23.62% (Net Income TTM 281.9m / Total Stockholder Equity 1.19b)
RoCE = 16.90% (EBIT 390.1m / Capital Employed (Equity 1.19b + L.T.Debt 1.12b))
RoIC = 13.04% (NOPAT 313.8m / Invested Capital 2.41b)
WACC = 7.15% (E(9.74b)/V(10.91b) * Re(7.94%) + D(1.17b)/V(10.91b) * Rd(0.65%) * (1-Tc(0.20)))
Discount Rate = 7.94% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -58.13 | Cagr: -1.48%
[DCF] Terminal Value 83.23% ; FCFF base≈469.5m ; Y1≈533.2m ; Y5≈729.6m
[DCF] Fair Price = 49.12 (EV 15.42b - Net Debt 1.06b = Equity 14.36b / Shares 292.3m; r=7.15% [WACC]; 5y FCF grow 15.81% → 3.0% )
EPS Correlation: 89.02 | EPS CAGR: 9.24% | SUE: 0.56 | # QB: 0
Revenue Correlation: 99.84 | Revenue CAGR: 10.66% | SUE: 0.84 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.32 | Chg30d=-0.81% | Revisions=+0% | Analysts=15
EPS next Quarter (2026-09-30): EPS=0.34 | Chg30d=-1.37% | Revisions=-23% | Analysts=15
EPS current Year (2026-12-31): EPS=1.38 | Chg30d=+0.42% | Revisions=+12% | GrowthEPS=+13.8% | GrowthRev=+13.2%
EPS next Year (2027-12-31): EPS=1.58 | Chg30d=+0.24% | Revisions=-14% | GrowthEPS=+14.6% | GrowthRev=+10.5%
[Analyst] Revisions Ratio: -23%