(DSY) Dassault Systemes SE - Ratings and Ratios
3D Modeling, Simulation, Collaboration, Cloud
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 0.78% |
| Yield on Cost 5y | 0.81% |
| Yield CAGR 5y | -17.45% |
| Payout Consistency | 98.7% |
| Payout Ratio | - |
| Risk via 5d forecast | |
|---|---|
| Volatility | 25.5% |
| Value at Risk 5%th | 39.0% |
| Relative Tail Risk | -6.76% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -1.62 |
| Alpha | -41.39 |
| CAGR/Max DD | -0.27 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.456 |
| Beta | 0.049 |
| Beta Downside | 0.068 |
| Drawdowns 3y | |
|---|---|
| Max DD | 51.82% |
| Mean DD | 22.54% |
| Median DD | 23.57% |
Description: DSY Dassault Systemes SE January 28, 2026
Dassault Systèmes SE (ticker DSY) is a French-based provider of 3D-modeling, simulation, and collaborative software, most notably the SOLIDWORKS, CATIA, and 3DEXPERIENCE platforms. Its portfolio spans design (SOLIDWORKS, CATIA), simulation (SIMULIA, DELMIA), data intelligence (NETVIBES, MEDIDATA) and cloud infrastructure (OUTSCALE), sold through both direct and partner channels to end-users in industries ranging from aerospace & defense to life sciences and consumer goods.
According to the company’s FY 2023 results (published May 2024), revenue reached €5.1 billion, up 9 % YoY, with operating margin expanding to 22 % (vs. 20 % in FY 2022). Subscription-based recurring revenue now represents roughly 68 % of total sales, and cloud ARR grew 23 % in the latest quarter, reflecting accelerating adoption of the 3DEXPERIENCE SaaS offering.
Key macro drivers underpinning Dassault’s outlook include: (1) a projected 7 % CAGR for the global CAD/PLM market through 2028, fueled by digital-twin adoption in manufacturing and aerospace; (2) rising R&D spend in life-sciences, which drives demand for BIOVIA and simulation tools; and (3) increased capital expenditure in infrastructure and renewable energy, expanding the addressable pool for GEOVIA and ENOVIA solutions. These trends suggest a favorable tailwind for the company’s subscription and cloud-first strategy.
For a deeper quantitative assessment, see the ValueRay model for DSY.
Piotroski VR‑10 (Strict, 0-10) 7.5
| Net Income: 1.17b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.10 > 0.02 and ΔFCF/TA 0.06 > 1.0 |
| NWC/Revenue: 33.57% < 20% (prev 43.95%; Δ -10.39% < -1%) |
| CFO/TA 0.12 > 3% & CFO 1.65b > Net Income 1.17b |
| Net Debt (-1.32b) to EBITDA (2.02b): -0.66 < 3 |
| Current Ratio: 1.55 > 1.5 & < 3 |
| Outstanding Shares: last quarter (1.32b) vs 12m ago -0.21% < -2% |
| Gross Margin: 82.37% > 18% (prev 0.80%; Δ 8157 % > 0.5%) |
| Asset Turnover: 44.73% > 50% (prev 43.41%; Δ 1.32% > 0%) |
| Interest Coverage Ratio: 19.84 > 6 (EBITDA TTM 2.02b / Interest Expense TTM 74.0m) |
Altman Z'' 5.11
| A: 0.15 (Total Current Assets 5.98b - Total Current Liabilities 3.86b) / Total Assets 14.15b |
| B: 0.57 (Retained Earnings 8.01b / Total Assets 14.15b) |
| C: 0.10 (EBIT TTM 1.47b / Avg Total Assets 14.10b) |
| D: 1.50 (Book Value of Equity 8.79b / Total Liabilities 5.84b) |
| Altman-Z'' Score: 5.11 = AAA |
Beneish M -3.00
| DSRI: 1.10 (Receivables 1.60b/1.40b, Revenue 6.31b/6.10b) |
| GMI: 0.98 (GM 82.37% / 80.46%) |
| AQI: 0.96 (AQ_t 0.52 / AQ_t-1 0.54) |
| SGI: 1.03 (Revenue 6.31b / 6.10b) |
| TATA: -0.03 (NI 1.17b - CFO 1.65b) / TA 14.15b) |
| Beneish M-Score: -3.00 (Cap -4..+1) = A |
ValueRay F-Score (Strict, 0-100) 77.83
| 1. Piotroski: 7.50pt |
| 2. FCF Yield: 4.86% |
| 3. FCF Margin: 23.35% |
| 4. Debt/Equity: 0.31 |
| 5. Debt/Ebitda: -0.66 |
| 6. ROIC - WACC: 5.17% |
| 7. RoE: 13.57% |
| 8. Revenue Trend: 60.25% |
| 9. EPS Trend: data missing |
What is the price of DSY shares?
Over the past week, the price has changed by +0.90%, over one month by +0.21%, over three months by -6.85% and over the past year by -35.53%.
Is DSY a buy, sell or hold?
What are the forecasts/targets for the DSY price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 30.4 | 28.4% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 20.7 | -12.5% |
DSY Fundamental Data Overview January 28, 2026
P/E Trailing = 27.5977
P/E Forward = 17.6056
P/S = 5.0099
P/B = 3.7804
P/EG = 2.0467
Revenue TTM = 6.31b EUR
EBIT TTM = 1.47b EUR
EBITDA TTM = 2.02b EUR
Long Term Debt = 1.15b EUR (from longTermDebt, last quarter)
Short Term Debt = 1.44b EUR (from shortTermDebt, last quarter)
Debt = 2.59b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = -1.32b EUR (from netDebt column, last quarter)
Enterprise Value = 30.29b EUR (31.61b + Debt 2.59b - CCE 3.91b)
Interest Coverage Ratio = 19.84 (Ebit TTM 1.47b / Interest Expense TTM 74.0m)
EV/FCF = 20.56x (Enterprise Value 30.29b / FCF TTM 1.47b)
FCF Yield = 4.86% (FCF TTM 1.47b / Enterprise Value 30.29b)
FCF Margin = 23.35% (FCF TTM 1.47b / Revenue TTM 6.31b)
Net Margin = 18.56% (Net Income TTM 1.17b / Revenue TTM 6.31b)
Gross Margin = 82.37% ((Revenue TTM 6.31b - Cost of Revenue TTM 1.11b) / Revenue TTM)
Gross Margin QoQ = 78.05% (prev 82.60%)
Tobins Q-Ratio = 2.14 (Enterprise Value 30.29b / Total Assets 14.15b)
Interest Expense / Debt = 2.86% (Interest Expense 74.0m / Debt 2.59b)
Taxrate = 16.57% (54.2m / 327.0m)
NOPAT = 1.22b (EBIT 1.47b * (1 - 16.57%))
Current Ratio = 1.55 (Total Current Assets 5.98b / Total Current Liabilities 3.86b)
Debt / Equity = 0.31 (Debt 2.59b / totalStockholderEquity, last quarter 8.31b)
Debt / EBITDA = -0.66 (Net Debt -1.32b / EBITDA 2.02b)
Debt / FCF = -0.90 (Net Debt -1.32b / FCF TTM 1.47b)
Total Stockholder Equity = 8.63b (last 4 quarters mean from totalStockholderEquity)
RoA = 8.30% (Net Income 1.17b / Total Assets 14.15b)
RoE = 13.57% (Net Income TTM 1.17b / Total Stockholder Equity 8.63b)
RoCE = 15.02% (EBIT 1.47b / Capital Employed (Equity 8.63b + L.T.Debt 1.15b))
RoIC = 10.98% (NOPAT 1.22b / Invested Capital 11.16b)
WACC = 5.81% (E(31.61b)/V(34.20b) * Re(6.09%) + D(2.59b)/V(34.20b) * Rd(2.86%) * (1-Tc(0.17)))
Discount Rate = 6.09% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Fair Price DCF = unknown (Cash Flow 1.47b)
Revenue Correlation: 60.25 | Revenue CAGR: 1.76% | SUE: N/A | # QB: 0