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Assystem SAASY.PACompetitor analysis, valuation and peers

France · EUR·Industrials›Engineering & Construction
Momentum weak 24
Mkt cap
$574M
US dollars, full cap
Free float
35%
of shares outstanding
$/day
$222,858
20-day average traded
Fwd P/E
15.7×
forward earnings
ROIC−WACC
-1.8 pp
WACC 8.6%
Hurdle
+3 pp
Req g minus delivered
Next earnings
130 days
16 Mar 2027
Close · EUR€34.70
1D-0.7%
1W+2.2%
1M+8.4%
3M-21.3%
6M-16.5%
YTD-18.7%
1Y-16.4%
ATR %4.2%
52w lowhigh28.2% off high

What Assystem does

Employees: 7,729

Assystem at a glance

Size Assystem (ASY.PA) is a France Industrials company (Engineering & Construction) with a market value of $574M, the 167th largest of 206 France companies the cockpit tracks. Shares closed at €34.70 on 6 Nov 2026.

Performance Over six months the shares fell 16.5%, against -17.9% for the median peer and -0.4% for the France market (cap-weighted) — 10th highest of 19 in its peer set.

Growth Revenue grew 3.5% over the last twelve months (peer median +12.3%); the operating margin is 5.3% (peer median 4.3%).

Valuation It trades at 15.7× forward earnings against a peer median of 12.5× (2nd most expensive of 9).

Price implies For today's price to make sense, revenue must grow about 11% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is +3 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.

Capital Return on invested capital runs 1.8 points below its cost of capital (8.6% WACC).

Next results Next results expected around 16 Mar 2027 (exchange calendar; dates can move).

Relative performance

809010011011 May 202611 Aug 20266 Nov 2026ASY.PA 83Peer median 83
Six months, rebased to 100: Assystem against the median of its 20 peers (local-currency closes).

Assystem financials

Reported figures in EUR; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue€659M€657M€611M€578M€494M
Revenue growth—+7%+6%+17%—
Gross profitn/a€89.2M€89.5M€97.1M€86.9M
EBITDA€50.2M€32.2M€37.6M€48.6M€44.4M
Net income-€3.50M€7.40M€8.30M€102M€48.9M
Free cash flow€30.2M€38.3M€29.9M€25.3M€29.6M
Capital expenditure€2.70M€3.90M€4.60M€5.00M€4.00M
Total debtn/a€110M€116M€122M€112M

Quarterly statements and history in the cockpit →

Assystem competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-50%0%+50%-20%-10%0%+10%002116P9DNYAB0005056886793007121870OHLA603126000886CAPINVIT251500298917571975301632LYLASY.PA6-month return →1-month return →
Up and to the right = strong over both horizons. Assystem is the large dot.

Fundamentals: revenue growth against valuation

-10%0%+10%+20%20×40×002116P9DITGNYAB30071218702515LYLASY.PARevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Assystem is the large dot.

Capital: growth delivered against growth the price implies

0%+100%+200%0%100%200%NYABIG300712187025151975ASY.PAGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Assystem is the large dot.

Assystem competitors and peer comparison

How Assystem compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Assystem against its 20 peers (data as of 6 Nov 2026)
MeasureASY.PAPeer medianRank in peer set
1-month return+8.4%-8.6%2nd highest of 21
6-month return-16.5%-17.9%10th highest of 19
Distance from 52-week high-28.2%-37.0%7th highest of 21
Revenue growth (TTM)+3.5%+12.3%10th lowest of 21
Operating margin5.3%4.3%9th highest of 21
Forward P/E15.7×12.5×2nd most expensive of 9
Growth the price implies (Req g, 7 yrs)11.1%-2.5%3rd most demanding of 10
Growth delivered (Del g)+8.4%+12.7%2nd lowest of 9
Hurdle (Req g minus delivered)+2.8 pp-12.3 pp3rd most demanding of 9
ROIC minus cost of capital-1.8 pp-2.4 pp10th highest of 20
EV / EBITDA12.5×9.9×4th most expensive of 11
Net debt / EBITDA2.2×0.3×5th most indebted of 13

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Assystem ASY.PAFrance$574M-16%+4%5%15.7×11.1%+8.4%
China Haisum Engineering 002116.SZChina$573M-16%-6%5%11.9×n/an/a
Civmec P9D.SISingapore$570M-1%+19%9%13.1×n/an/a
ITG ITGUnited States$568Mn/a+16%7%5.6×n/an/a
Nyab NYAB.STSweden$566M+29%+21%6%14.2×-5.8%+244.6%
Hainan Jingliang 000505.SZChina$583M-14%-19%-4%n/an/an/a
InstallatorGruppen A/S IG.CODenmark$584Mn/a+51%4%n/a9.1%+50.8%
Anhui Tongyuan Environment Energy Saving 688679.SSChina$586M-43%-17%0%n/an/an/a
Fujian Yongfu Power Engineering 300712.SZChina$558M-26%-16%-1%43.1×36.9%+11.7%
Yahagi Construction 1870.TJapan$557M-4%+3%7%8.8×-3.5%+9.7%
Obrascon Huarte Lain OHLA.MCSpain$556M-20%-3%4%n/an/an/a
Sinoma Energy Conservation 603126.SSChina$553M-26%+47%1%n/an/an/a
Hainan Expressway 000886.SZChina$598M-27%+185%-12%n/an/an/a
Capital Infra Trust CAPINVIT.NSIndia$548M+13%+421%55%n/a-4.0%n/a
BES Engineering 2515.TWTaiwan$546M-14%+1%5%8.4×12.2%+9.0%
Shenzhen Strongteam Decoration Engineering 002989.SZChina$540M-39%+2%-29%n/an/an/a
Global Chinese Business Club 1757.HKHong Kong$610M-78%+121%1%n/an/an/a
Asahi Kogyosha 1975.TJapan$537M-15%+17%11%n/a-3.1%+8.3%
Guangdong Provincial Academy of Building Research 301632.SZChina$537M-43%+13%7%n/an/an/a
Lycopodium LYL.AXAustralia$536M+51%+12%12%13.9×-2.5%+18.8%
Beijing SPC Environment Protection Tech 002573.SZChina$619M-22%+1%-2%n/a5.2%+13.7%

Questions

Which companies are Assystem's closest peers?
The cockpit's peer set: China Haisum Engineering (002116.SZ), Civmec (P9D.SI), ITG (ITG), Nyab (NYAB.ST), Hainan Jingliang (000505.SZ), InstallatorGruppen A/S (IG.CO), Anhui Tongyuan Environment Energy Saving (688679.SS), Fujian Yongfu Power Engineering (300712.SZ).
Is Assystem expensive compared with its peers?
On forward p/e it trades at 15.7× against a peer median of 12.5×, 2nd most expensive of 9 in its peer set. For today's price to make sense, revenue must grow about 11% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is +3 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
How has Assystem stock performed?
Over six months to 6 Nov 2026 the shares returned -16.5% against -17.9% for the median peer; over one year -16.4%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.