Bentley Systems, Incorporated

Valuation Analysis

About the Company

Bentley Systems, Incorporated en bref

Bentley Systems, Incorporated (BSY) is currently trading at 25,64 € with a market capitalization of 7,8 Md €. The trailing P/E ratio stands at 33.77x, with a forward P/E of 18.58x. The 52-week range spans from 24,80 € to 51,71 €; the current price is 50.4% below the yearly high. Year-over-year revenue growth stands at +14.5%. The net profit margin stands at 18.12%.

💰 Dividende

Bentley Systems, Incorporated pays an annual dividend of 0,24 € per share, representing a yield of 0.95%. The payout ratio stands at 32.18%.

📊 Avis des analystes

14 analystes évaluent Bentley Systems, Incorporated (BSY) au consensus : None. L'objectif de cours moyen est de 39,65 €, soit un potentiel de +54.62% par rapport au cours actuel. La fourchette des objectifs de cours des analystes va de 34,91 € à 53,23 €.

Bentley Systems, Incorporated : la thèse d'investissement en détail

Bentley Systems, Incorporated (BSY) operates in the Technology — specifically Software - Application — and is headquartered in United States. Below is a structured read of the investment case built directly from the latest fundamentals, valuation multiples, analyst positioning and smart-money flows. Each section translates raw numbers into the investment logic they imply, so you can decide whether the risk/reward fits your portfolio.

Le scénario haussier

Revenue is growing at a healthy 14.5% pace year-over-year, suggesting the business model continues to find new customers and pricing power. With a gross margin near 81.64%, the company sits in the top tier of its industry — these are the kinds of structural margins that protect earnings during downturns. Free cash flow is positive and net margins stand at 18.12%, meaning reported earnings translate into real cash that can fund buybacks, dividends or strategic acquisitions.

Le scénario baissier

Short interest sits at 10.96% of float — a meaningful contingent of professionals is positioned for the share to fall, which deserves attention even if their thesis may turn out to be wrong. Our valuation screen flags the stock as overvalued — current multiples imply the business needs to deliver well above its recent trajectory to justify the price.

Valorisation en contexte

The PEG ratio at 1.33 sits in the reasonable zone — the price tag is roughly aligned with the company's growth profile, neither punishing nor euphoric.

À surveiller

• The forward P/E of 18.58x is meaningfully below the trailing 33.77x — analysts expect earnings to step up; the next earnings release is the test.
• The price sits in the lower quartile of the 52-week range — value hunters often start scaling in around this zone if fundamentals hold.
• The analyst consensus price target implies 54.62% upside — if the next two quarters confirm the underlying thesis, target hikes typically follow.

Thèse d'investissement : forces et faiblesses

Aperçu technique

Price is below both the 50- and 200-day moving averages, with 50d below 200d — a bearish picture (death-cross alignment).

Profil de risque

The data points to relatively defensive market behavior, elevated short interest (10.96%).

Trading Data

💵 Dividend Info

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